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COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS | 6 Months Ended
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Jun. 30, 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
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
(In thousands) | ​ | 2024 | ​ | 2023
Accounts receivable trade | ​ | $ | 46,796 | ​ | $ | 53,147
Allowance for ship and debit | ​ |  | (27,139) | ​ |  | (36,017)
Allowance for stock rotation and rebate | ​ |  | (2,278) | ​ |  | (1,775)
Allowance for credit losses | ​ | ​ | (1,007) | ​ | ​ | (681)
Total | ​ | $ | 16,372 | ​ | $ | 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 | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(In thousands) | ​ | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | ​ | $ | (844) | ​ | $ | (681) | ​ | $ | (681) | ​ | $ | (1,135)
Provision for credit loss expense | ​ |  | (163) | ​ |  | (388) | ​ |  | (847) | ​ |  | (827)
Receivables written off | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Recoveries collected | ​ |  | — | ​ |  | 388 | ​ |  | 521 | ​ |  | 1,281
Ending balance | ​ | $ | (1,007) | ​ | $ | (681) | ​ | $ | (1,007) | ​ | $ | (681)
​ Inventories
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
(In thousands) | ​ | 2024 | ​ | 2023
Raw materials | ​ | $ | 99,216 | ​ | $ | 96,467
Work-in-process | ​ |  | 33,416 | ​ |  | 24,727
Finished goods | ​ |  | 37,252 | ​ |  | 41,970
Total | ​ | $ | 169,884 | ​ | $ | 163,164
​ Intangible Assets
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 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 | ​ |  | (36,199) | ​ |  | 1,761 | ​ |  | 37,960 | ​ |  | (35,459) | ​ |  | 2,501
Technology licenses | ​ |  | 1,926 | ​ |  | (1,387) | ​ |  | 539 | ​ |  | 1,926 | ​ |  | (1,264) | ​ |  | 662
Total intangible assets | ​ | $ | 41,147 | ​ | $ | (37,586) | ​ | $ | 3,561 | ​ | $ | 41,147 | ​ | $ | (36,723) | ​ | $ | 4,424
​ ​ The estimated future amortization expense related to finite-lived intangible assets at June 30, 2024, is as follows: ​
​ | ​ | ​ | ​
​ |  | Estimated
​ | ​ | Amortization
Fiscal Year | ​ | (In thousands)
2024 (remaining six months) | ​ | $ | 416
2025 | ​ |  | 832
2026 | ​ |  | 687
2027 | ​ |  | 365
Total | ​ | $ | 2,300
​ Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss for the three and six months ended June 30, 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
​ | June 30, | ​ | June 30, | ​ | June 30, | ​ | June 30,
(In thousands) | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | (432) | ​ | $ | (3,151) | ​ | $ | 1,542 | ​ | $ | 842 | ​ | $ | (3,669) | ​ | $ | (2,735) | ​ | $ | (2,559) | ​ | $ | (5,044)
Other comprehensive income (loss) before reclassifications |  | (317) | ​ |  | (144) | ​ |  | — | ​ |  | — | ​ |  | (271) | ​ |  | (548) | ​ |  | (588) | ​ |  | (692)
Amounts reclassified from accumulated other comprehensive loss |  | — | ​ |  | — | ​ |  | (42) | (1) |  | (21) | (1) |  | — | ​ |  | — | ​ |  | (42) | ​ |  | (21)
Net-current period other comprehensive income (loss) |  | (317) | ​ |  | (144) | ​ |  | (42) | ​ |  | (21) | ​ |  | (271) | ​ |  | (548) | ​ |  | (630) | ​ |  | (713)
Ending balance | $ | (749) | ​ | $ | (3,295) | ​ | $ | 1,500 | ​ | $ | 821 | ​ | $ | (3,940) | ​ | $ | (3,283) | ​ | $ | (3,189) | ​ | $ | (5,757)
(1) | This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the three months ended June 30, 2024 and 2023.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Unrealized Gains | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | and Losses on | ​ | Defined Benefit | ​ | Foreign Currency | ​ | ​ | ​
​ | Marketable Securities | ​ | Pension Items | ​ | Items | ​ | Total
​ | Six Months Ended | ​ | Six Months Ended | ​ | Six Months Ended | ​ | Six Months Ended
​ | June 30, | ​ | June 30, | ​ | June 30, | ​ | June 30,
(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 |  | (1,005) | ​ |  | 2,028 | ​ |  | — | ​ |  | — | ​ |  | (637) | ​ |  | (400) | ​ |  | (1,642) | ​ |  | 1,628
Amounts reclassified from accumulated other comprehensive loss |  | — | ​ |  | — | ​ |  | (85) | (1) |  | (41) | (1) |  | — | ​ |  | — | ​ |  | (85) | ​ |  | (41)
Net-current period other comprehensive income (loss) |  | (1,005) | ​ |  | 2,028 | ​ |  | (85) | ​ |  | (41) | ​ |  | (637) | ​ |  | (400) | ​ |  | (1,727) | ​ |  | 1,587
Ending balance | $ | (749) | ​ | $ | (3,295) | ​ | $ | 1,500 | ​ | $ | 821 | ​ | $ | (3,940) | ​ | $ | (3,283) | ​ | $ | (3,189) | ​ | $ | (5,757)
(1) | This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the six months ended June 30, 2024 and 2023.
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