Balance Sheet Details

6 Months Ended

Jun. 28, 2025

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


	June 28, 2025		December 31, 2024
Accounts receivable	$	63,381	$	79,632
Allowance for doubtful accounts	(305)		(311)
	$	63,076	$	79,321

Inventory consisted of the following (in thousands):

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


	June 28, 2025		December 31, 2024
Supplier deposits	$	43,480	$	62,620
Prepaid expenses and other current assets	46,268		42,976
	$	89,748	$	105,596

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


	June 28, 2025		December 31, 2024
Test equipment	$	61,939	$	57,595
Computer equipment	13,677		14,561
Software	11,049		11,146
Leasehold improvements	2,665		2,173
Furniture and fixtures	1,278		1,268
Total	90,608		86,743
Accumulated depreciation and amortization	(58,193)		(55,590)
	$	32,415	$	31,153

Accrued liabilities consisted of the following (in thousands):


	June 28, 2025		December 31, 2024
Compensation and related benefits	$	32,808	$	36,004
Component inventory held by suppliers	7,768		8,855
Professional and consulting fees	5,148		5,385
Taxes payable	4,178		5,048
Current portion of warranty	3,346		5,288
Customer advances or rebates	3,320		4,882
Operating leases	3,017		4,303
Insurance	1,773		2,019
Freight	1,663		1,640
Product returns	1,657		2,428
Travel and event expenses	1,654		518
Operations	1,014		1,735
Other	6,776		6,062
	$	74,122	$	84,167

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


	Three Months Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Balance at beginning of period	$	6,073	$	7,655	$	7,287	$	8,029
Accruals for product warranty	(908)		392		(1,203)		731
Cost of warranty claims	(272)		(676)		(1,191)		(1,389)

Balance at end of period	$	4,893	$	7,371	$	4,893	$	7,371