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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 84,486 $ 63,409
Marketable securities 176,733 156,937
Accounts receivable, net 82,064 126,027
Inventory 113,484 132,985
Prepaid expenses and other current assets 113,391 118,598
Total current assets 570,158 597,956
Property and equipment, net 31,058 29,461
Right-of-use operating leases 8,250 9,262
Deferred tax assets 173,047 167,691
Goodwill 116,175 116,175
Other assets 19,208 21,320
Total assets 917,896 941,865
Current liabilities:    
Accounts payable 11,697 34,746
Accrued liabilities 89,145 116,227
Deferred revenue 32,298 36,669
Total current liabilities 133,140 187,642
Long-term portion of deferred revenue 21,936 24,864
Operating leases 5,859 7,421
Other long-term liabilities 2,737 2,956
Total liabilities 163,672 222,883
Commitments and contingencies (See Note 6)
Stockholders’ equity:    
Preferred stock, $0.025 par value; 5,000 shares authorized; no shares issued and outstanding as of June 29, 2024 and December 31, 2023 0 0
Common stock, $0.025 par value; 100,000 shares authorized; 65,800 shares issued and outstanding as of June 29, 2024, and 65,052 shares issued and outstanding as of December 31, 2023 1,645 1,627
Additional paid-in capital 1,121,786 1,078,393
Accumulated other comprehensive loss (973) (659)
Accumulated deficit (368,234) (360,379)
Total stockholders’ equity 754,224 718,982
Total liabilities and stockholders’ equity $ 917,896 $ 941,865