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Balance Sheet Details (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract] |
Schedule of Cash and Cash Equivalents | Cash, cash equivalents and restricted cash consist of the following:
| June 30, 2022 |  | December 31, 2021
| (in thousands)
Cash and cash equivalents | $ | 211,363 |  |  | $ | 130,572 |
Short-term restricted cash | 162 |  |  | 105 |
Long-term restricted cash | 894 |  |  | 1,061 |
Total cash, cash equivalents and restricted cash | $ | 212,419 |  |  | $ | 131,738 |
Restrictions on Cash and Cash Equivalents | Cash, cash equivalents and restricted cash consist of the following:
| June 30, 2022 |  | December 31, 2021
| (in thousands)
Cash and cash equivalents | $ | 211,363 |  |  | $ | 130,572 |
Short-term restricted cash | 162 |  |  | 105 |
Long-term restricted cash | 894 |  |  | 1,061 |
Total cash, cash equivalents and restricted cash | $ | 212,419 |  |  | $ | 131,738 |
Inventory | Inventory consists of the following:
| June 30, 2022 |  | December 31, 2021
| (in thousands)
Work-in-process | $ | 86,750 |  |  | $ | 72,369 |
Finished goods | 59,681 |  |  | 59,334 |
| $ | 146,431 |  |  | $ | 131,703 |
Property and Equipment | Property and equipment, net consists of the following:
| Useful Life (in Years) |  | June 30, 2022 |  | December 31, 2021
|  |  | (in thousands)
Furniture and fixtures | 5 |  | $ | 3,960 |  |  | $ | 3,917 |
Machinery and equipment | 3-5 |  | 70,352 |  |  | 65,004 |
Masks and production equipment | 2-5 |  | 35,322 |  |  | 32,099 |
Software | 3 |  | 8,904 |  |  | 8,763 |
Leasehold improvements | 1-5 |  | 34,078 |  |  | 30,889 |
Construction in progress | N/A |  | 3,484 |  |  | 4,647 |
|  |  | 156,100 |  |  | 145,319 |
Less: accumulated depreciation and amortization |  |  | (91,964) |  |  | (84,395) |
|  |  | $ | 64,136 |  |  | $ | 60,924 |
Price Protection Liability | Accrued price protection liability consists of the following activity:
| Six Months Ended June 30,
| 2022 |  | 2021
| (in thousands)
Beginning balance | $ | 40,509 |  |  | $ | 47,766 |
Charged as a reduction of revenue | 102,426 |  |  | 49,907 |
Payments | (32,382) |  |  | (42,956) |
Ending balance | $ | 110,553 |  |  | $ | 54,717 |
Accrued Expenses | Accrued expenses and other current liabilities consist of the following:
| June 30, 2022 |  | December 31, 2021 |  |
| (in thousands) |  |
Accrued technology license payments | $ | 6,693 |  |  | $ | 7,337 |  |  |
Accrued professional fees | 4,980 |  |  | 3,651 |  |  |
Accrued engineering and production costs | 1,697 |  |  | 2,934 |  |  |
Accrued restructuring | 256 |  |  | 320 |  |  |
Accrued royalty | 1,791 |  |  | 2,080 |  |  |
Short-term lease liabilities | 11,202 |  |  | 8,888 |  |  |
Accrued customer credits | 5,435 |  |  | 5,136 |  |  |
Income tax liability | 10,386 |  |  | 7,105 |  |  |
Customer contract liabilities | 1,349 |  |  | 1,044 |  |  |
Accrued obligations to customers for price adjustments | 39,344 |  |  | 6,721 |  |  |
Accrued obligations to customers for stock rotation rights | 1,186 |  |  | 2,847 |  |  |
Contingent consideration | 2,824 |  |  | — |  |  |
Other | 6,364 |  |  | 9,205 |  |  |
| $ | 93,507 |  |  | $ | 57,268 |  |  |
Schedule of Accumulated Other Comprehensive Income (Loss) by Component | The following table summarizes the change in balances of accumulated other comprehensive income (loss) by component:
|  |  | Cumulative Translation Adjustments |  |  |  | Pension and Other Defined Benefit Plan Obligation |  | Total
|  |  | (in thousands)
Balance at December 31, 2021 |  |  | $ | 21 |  |  |  |  | $ | 2,104 |  |  | $ | 2,125 |
Other comprehensive loss before reclassifications, net of tax |  |  | (5,063) |  |  |  |  | — |  |  | (5,063) |
Balance at June 30, 2022 |  |  | $ | (5,042) |  |  |  |  | $ | 2,104 |  |  | $ | (2,938) |

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