| COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS |
3. COMPONENTS OF THE COMPANY’S CONDENSED CONSOLIDATED BALANCE SHEETS: Accounts Receivable | | | | | | | | | March 31, | | December 31, | (In thousands) | | 2022 | | 2021 | Accounts receivable trade | | $ | 82,463 | | $ | 87,503 | Allowance for ship and debit | | | (47,690) | | | (41,599) | Allowance for stock rotation and rebate | | | (3,595) | | | (4,066) | Allowance for credit losses | | | (520) | | | (445) | Total | | $ | 30,658 | | $ | 41,393 |
The Company maintains an allowance for estimated credit losses resulting from the inability of customers to make required payments. This allowance is established using estimates formulated by the Company’s management based upon factors such as the composition of the accounts receivable aging, historical losses, changes in payment patterns, customer creditworthiness and current economic trends. Receivables determined to be uncollectible are written off and deducted from the allowance. | | | | | | | | | Three Months Ended | | | March 31, | (In thousands) | | 2022 | | 2021 | Beginning balance | | $ | (445) | | $ | (427) | Provision for credit loss expense | | | (400) | | | (217) | Receivables written off | | | — | | | — | Recoveries collected | | | 325 | | | 219 | Ending balance | | $ | (520) | | $ | (425) |
Inventories | | | | | | | | | March 31, | | December 31, | (In thousands) | | 2022 | | 2021 | Raw materials | | $ | 27,527 | | $ | 24,131 | Work-in-process | | | 28,001 | | | 31,788 | Finished goods | | | 47,587 | | | 43,347 | Total | | $ | 103,115 | | $ | 99,266 |
Intangible Assets | | | | | | | | | | | | | | | | | | | | | March 31, 2022 | | December 31, 2021 | | | | | | Accumulated | | | | | | | | Accumulated | | | | (In thousands) | | Gross | | Amortization | | Net | | Gross | | Amortization | | Net | Domain name | | $ | 1,261 | | $ | — | | $ | 1,261 | | $ | 1,261 | | $ | — | | $ | 1,261 | Developed technology | | | 37,960 | | | (32,085) | | | 5,875 | | | 37,960 | | | (31,603) | | | 6,357 | Customer relationships | | | 16,700 | | | (16,639) | | | 61 | | | 16,700 | | | (16,458) | | | 242 | Technology licenses | | | 1,926 | | | (835) | | | 1,091 | | | 1,926 | | | (774) | | | 1,152 | Total intangible assets | | $ | 57,847 | | $ | (49,559) | | $ | 8,288 | | $ | 57,847 | | $ | (48,835) | | $ | 9,012 |
The estimated future amortization expense related to finite-lived intangible assets at March 31, 2022, is as follows: | | | | | | Estimated | | | Amortization | Fiscal Year | | (In thousands) | 2022 (remaining nine months) | | $ | 1,691 | 2023 | | | 2,173 | 2024 | | | 1,279 | 2025 | | | 832 | 2026 | | | 687 | Thereafter | | | 365 | Total | | $ | 7,027 |
Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss for the three months ended March 31, 2022 and 2021, were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains | | | | | | | | | | | | | | and Losses on | | Defined Benefit | | Foreign Currency | | | | | Marketable Securities | | Pension Items | | Items | | Total | | Three Months Ended | | Three Months Ended | | Three Months Ended | | Three Months Ended | | March 31, | | March 31, | | March 31, | | March 31, | (In thousands) | 2022 | | 2021 | | 2022 | | 2021 | | 2022 | | 2021 | | 2022 | | 2021 | Beginning balance | $ | (1,165) | | $ | 890 | | $ | (674) | | $ | (1,641) | | $ | (1,898) | | $ | (1,412) | | $ | (3,737) | | $ | (2,163) | Other comprehensive income (loss) before reclassifications | | (4,181) | | | (580) | | | — | | | — | | | (269) | | | (18) | | | (4,450) | | | (598) | Amounts reclassified from accumulated other comprehensive loss | | — | | | — | | | 18 | (1) | | (75) | (1) | | — | | | — | | | 18 | | | (75) | Net-current period other comprehensive income (loss) | | (4,181) | | | (580) | | | 18 | | | (75) | | | (269) | | | (18) | | | (4,432) | | | (673) | Ending balance | $ | (5,346) | | $ | 310 | | $ | (656) | | $ | (1,716) | | $ | (2,167) | | $ | (1,430) | | $ | (8,169) | | $ | (2,836) |
| (1) | This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the three months ended March 31, 2022 and 2021. |
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