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Balance Sheet Details (Tables)
 3 Months Ended
Mar. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Summary of Cash and Cash Equivalents
Cash, cash equivalents and restricted cash consist of the following:
March 31, 2024December 31, 2023
(in thousands)
Cash and cash equivalents$191,882 $187,288 
Short-term restricted cash1,028 1,051 
Long-term restricted cash20 17 
Total cash, cash equivalents and restricted cash$192,930 $188,356 
Summary of Restriction Cash
Cash, cash equivalents and restricted cash consist of the following:
March 31, 2024December 31, 2023
(in thousands)
Cash and cash equivalents$191,882 $187,288 
Short-term restricted cash1,028 1,051 
Long-term restricted cash20 17 
Total cash, cash equivalents and restricted cash$192,930 $188,356 
Summary of Inventory Inventory consists of the following:
March 31, 2024December 31, 2023
(in thousands)
Work-in-process$58,676 $60,368 
Finished goods37,449 39,540 
$96,125 $99,908 
Summary of Property and Equipment
Property and equipment, net consists of the following:
Useful Life
(in Years)		March 31, 2024December 31, 2023
(in thousands)
Furniture and fixtures5$3,958 $3,995 
Machinery and equipment
3-5
78,070 76,732 
Masks and production equipment
2-5
59,948 54,240 
Software311,590 11,427 
Leasehold improvements
1-5
34,712 35,867 
Construction in progressN/A570 348 
188,848 182,609 
Less: accumulated depreciation and amortization(120,510)(116,178)
$68,338 $66,431 
Summary of Price Protection Liability
Accrued price protection liability consists of the following activity:
Three Months Ended March 31,
20242023
(in thousands)
Beginning balance$71,684 $113,274 
Charged as a reduction of revenue12,132 28,536 
Payments(18,583)(38,013)
Ending balance$65,233 $103,797 
Summary of Accrued Expenses
Accrued expenses and other current liabilities consist of the following:
March 31, 2024December 31, 2023
(in thousands)
Accrued technology license payments$4,540 $3,843 
Accrued professional fees4,921 3,736 
Accrued engineering and production costs5,620 2,861 
Accrued restructuring21,603 8,301 
Accrued royalty348 603 
Short-term lease liabilities9,167 9,132 
Accrued customer credits5,564 3,984 
Income tax liability379 521 
Customer contract liabilities1,597 1,597 
Accrued obligations to customers for price adjustments36,811 54,837 
Accrued obligations to customers for stock rotation rights401 349 
Contingent consideration - current portion2,535 2,462 
Other4,646 6,242 
$98,132 $98,468 
Summary of Accumulated Other Comprehensive Income (Loss) by Component
The following table summarizes the change in balances of accumulated other comprehensive income (loss) by component:
Cumulative Translation AdjustmentsPension and Other Defined Benefit Plan ObligationTotal
(in thousands)
Balance at December 31, 2023$(5,059)$1,268 $(3,791)
Other comprehensive income (loss) before reclassifications, net of tax(1,782)— (1,782)
Balance at March 31, 2024$(6,841)$1,268 $(5,573)