Balance Sheet Details

6 Months Ended

Jun. 29, 2024

Accounts receivable, net consisted of the following (in thousands):


	June 29, 2024		December 31, 2023
Accounts receivable	$	82,471	$	126,331
Allowance for doubtful accounts	(407)		(304)
	$	82,064	$	126,027

Inventory consisted of the following (in thousands):

Prepaid expenses and other current assets consisted of the following (in thousands):


	June 29, 2024		December 31, 2023
Supplier deposits	$	70,335	$	78,131
Prepaid expenses and other current assets	43,056		40,467
	$	113,391	$	118,598

Property and equipment, net consisted of the following (in thousands):


	June 29, 2024		December 31, 2023
Test equipment	$	56,610	$	50,853
Computer equipment	14,334		13,615
Software	11,045		12,972
Leasehold improvements	2,086		2,122
Furniture and fixtures	1,274		1,283
Total	85,349		80,845
Accumulated depreciation and amortization	(54,291)		(51,384)
	$	31,058	$	29,461

Accrued liabilities consisted of the following (in thousands):


	June 29, 2024		December 31, 2023
Compensation and related benefits	$	31,749	$	36,741
Component inventory held by suppliers	17,331		32,182
Professional and consulting fees	6,543		7,717
Customer advances or rebates	6,044		5,967
Current portion of warranty and retrofit	5,216		5,655
Operating leases	4,281		4,142
Taxes payable	3,361		4,317
Product returns	2,913		2,897
Insurance	2,125		2,107
Freight	1,003		1,510
Travel expenses	1,001		599
Business events	841		2,938
Litigation settlement	—		3,250
Other	6,737		6,205
	$	89,145	$	116,227

Changes in the Company’s accrued warranty and retrofit liability were as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Balance at beginning of period	$	7,655	$	8,445	$	8,029	$	8,386
Accruals for product warranty and retrofit	392		802		731		1,817
Cost of warranty and retrofit claims	(676)		(941)		(1,389)		(1,897)

Balance at end of period	$	7,371	$	8,306	$	7,371	$	8,306