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Balance Sheet Details (Tables)

6 Months Ended

Jun. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Summary of Cash and Cash Equivalents

Cash, cash equivalents and restricted cash consist of the following:

						June 30, 2024						December 31, 2023
						(in thousands)
Cash and cash equivalents						$	185,108					$	187,288
Short-term restricted cash						1,006						1,051
Long-term restricted cash						23						17
Total cash, cash equivalents and restricted cash						$	186,137					$	188,356

Summary of Restriction Cash

Cash, cash equivalents and restricted cash consist of the following:

						June 30, 2024						December 31, 2023
						(in thousands)
Cash and cash equivalents						$	185,108					$	187,288
Short-term restricted cash						1,006						1,051
Long-term restricted cash						23						17
Total cash, cash equivalents and restricted cash						$	186,137					$	188,356

Summary of Inventory

Inventory consists of the following:

						June 30, 2024						December 31, 2023
						(in thousands)
Work-in-process						$	58,455					$	60,368
Finished goods						36,283						39,540
						$	94,738					$	99,908

Summary of Property and Equipment

Property and equipment, net consists of the following:

			Useful Life (in Years)						June 30, 2024						December 31, 2023
									(in thousands)
Furniture and fixtures			5						$	3,938					$	3,995
Machinery and equipment			3-5						78,629						76,732
Masks and production equipment			5						59,598						54,240
Software			3						11,520						11,427
Leasehold improvements			1-5						34,781						35,867
Construction in progress			N/A						2,302						348
									190,768						182,609
Less: accumulated depreciation and amortization									(125,346)						(116,178)
									$	65,422					$	66,431

Summary of Price Protection Liability

Accrued price protection liability consists of the following activity:

			Six Months Ended June 30,
			2024						2023
			(in thousands)
Beginning balance			$	71,684					$	113,274
Charged as a reduction of revenue			23,266						37,726
Payments			(33,320)						(70,867)
Ending balance			$	61,630					$	80,133

Summary of Accrued Expenses

Accrued expenses and other current liabilities consist of the following:

			June 30, 2024						December 31, 2023
			(in thousands)
Accrued technology license payments			$	3,627					$	3,843
Accrued professional fees			4,173						3,736
Accrued engineering and production costs			6,767						2,861
Accrued restructuring			10,823						8,301
Accrued royalty			400						603
Short-term lease liabilities			9,625						9,132
Accrued customer credits			3,711						3,984
Income tax liability			392						521
Customer contract liabilities			2,614						1,597
Accrued obligations to customers for price adjustments			20,514						54,837
Accrued obligations to customers for stock rotation rights			148						349
Contingent consideration - current portion			2,600						2,462
Other			5,571						6,242
			$	70,965					$	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 Adjustments												Pension and Other Defined Benefit Plan Obligation						Total
									(in thousands)
Balance at December 31, 2023									$	(5,059)											$	1,268					$	(3,791)
Other comprehensive loss before reclassifications, net of tax									(2,725)												—						(2,725)
Balance at June 30, 2024									$	(7,784)											$	1,268					$	(6,516)

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