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COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS | 3 Months Ended
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Mar. 31, 2024
COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS |
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) | ​ | 2024 | ​ | 2023
Accounts receivable trade | ​ | $ | 42,325 | ​ | $ | 53,147
Allowance for ship and debit | ​ |  | (26,754) | ​ |  | (36,017)
Allowance for stock rotation and rebate | ​ |  | (2,448) | ​ |  | (1,775)
Allowance for credit losses | ​ | ​ | (844) | ​ | ​ | (681)
Total | ​ | $ | 12,279 | ​ | $ | 14,674
​ ​ 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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Allowance for Credit Losses
​ | ​ | Three Months Ended
​ | ​ | March 31,
(In thousands) | ​ | 2024 |  | 2023
Beginning balance | ​ | $ | (681) | ​ | $ | (1,135)
Provision for credit loss expense | ​ |  | (684) | ​ |  | (439)
Receivables written off | ​ |  | — | ​ |  | —
Recoveries collected | ​ |  | 521 | ​ |  | 893
Ending balance | ​ | $ | (844) | ​ | $ | (681)
​ Inventories
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, |  | December 31,
(In thousands) | ​ | 2024 | ​ | 2023
Raw materials | ​ | $ | 98,292 | ​ | $ | 96,467
Work-in-process | ​ |  | 31,260 | ​ |  | 24,727
Finished goods | ​ |  | 38,313 | ​ |  | 41,970
Total | ​ | $ | 167,865 | ​ | $ | 163,164
​ Intangible Assets
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2024 | ​ | December 31, 2023
​ |  | ​ | ​ |  | Accumulated |  | ​ | ​ |  | ​ | ​ |  | Accumulated |  | ​ | ​
(In thousands) | ​ | Gross | ​ | Amortization | ​ | Net | ​ | Gross | ​ | Amortization | ​ | Net
Domain name | ​ | $ | 1,261 | ​ | $ | — | ​ | $ | 1,261 | ​ | $ | 1,261 | ​ | $ | — | ​ | $ | 1,261
Developed technology | ​ |  | 37,960 | ​ |  | (35,941) | ​ |  | 2,019 | ​ |  | 37,960 | ​ |  | (35,459) | ​ |  | 2,501
Technology licenses | ​ |  | 1,926 | ​ |  | (1,325) | ​ |  | 601 | ​ |  | 1,926 | ​ |  | (1,264) | ​ |  | 662
Total intangible assets | ​ | $ | 41,147 | ​ | $ | (37,266) | ​ | $ | 3,881 | ​ | $ | 41,147 | ​ | $ | (36,723) | ​ | $ | 4,424
​ ​ The estimated future amortization expense related to finite-lived intangible assets at March 31, 2024, is as follows: ​
​ | ​ | ​ | ​
​ |  | Estimated
​ | ​ | Amortization
Fiscal Year | ​ | (In thousands)
2024 (remaining nine months) | ​ | $ | 736
2025 | ​ |  | 832
2026 | ​ |  | 687
2027 | ​ |  | 365
Total | ​ | $ | 2,620
​ Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss for the three months ended March 31, 2024 and 2023, 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) | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | 256 | ​ | $ | (5,323) | ​ | $ | 1,585 | ​ | $ | 862 | ​ | $ | (3,303) | ​ | $ | (2,883) | ​ | $ | (1,462) | ​ | $ | (7,344)
Other comprehensive income (loss) before reclassifications |  | (688) | ​ |  | 2,172 | ​ |  | — | ​ |  | — | ​ |  | (366) | ​ |  | 148 | ​ |  | (1,054) | ​ |  | 2,320
Amounts reclassified from accumulated other comprehensive loss |  | — | ​ |  | — | ​ |  | (43) | (1) |  | (20) | (1) |  | — | ​ |  | — | ​ |  | (43) | ​ |  | (20)
Net-current period other comprehensive income (loss) |  | (688) | ​ |  | 2,172 | ​ |  | (43) | ​ |  | (20) | ​ |  | (366) | ​ |  | 148 | ​ |  | (1,097) | ​ |  | 2,300
Ending balance | $ | (432) | ​ | $ | (3,151) | ​ | $ | 1,542 | ​ | $ | 842 | ​ | $ | (3,669) | ​ | $ | (2,735) | ​ | $ | (2,559) | ​ | $ | (5,044)
(1) | This component of accumulated other comprehensive loss is included in the computation of net periodic pension cost for the three months ended March 31, 2024 and 2023.
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