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Balance Sheet Components | 3 Months Ended
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Mar. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Components | BALANCE SHEET COMPONENTS The following tables provide details of selected balance sheet components (in thousands):
| March 29, 2019 |  | December 31, 2018
Accounts receivable, net: |  |  |
Accounts receivable | $ | 61,345 |  |  | $ | 85,292 |
Less: allowances for doubtful accounts and sales returns | (2,415 | ) |  | (3,497 | )
Total | $ | 58,930 |  |  | $ | 81,795 |
| March 29, 2019 |  | December 31, 2018
Inventories: |  |  |
Raw materials | $ | 2,536 |  |  | $ | 1,705 |
Work-in-process | 833 |  |  | 991 |
Finished goods | 15,769 |  |  | 12,267 |
Service-related spares | 10,187 |  |  | 10,675 |
Total | $ | 29,325 |  |  | $ | 25,638 |
| March 29, 2019 |  | December 31, 2018
Prepaid expenses and other current assets: |  |  |
French R&D tax credits receivable(1) | $ | 7,159 |  |  | $ | 7,305 |
Prepaid expenses | 6,219 |  |  | 4,834 |
Contract assets(2) | 3,707 |  |  | 3,834 |
Deferred cost of revenue | 1,318 |  |  | 3,671 |
Capitalized commission | 933 |  |  | 1,098 |
Other | 3,564 |  |  | 2,538 |
Total | $ | 22,900 |  |  | $ | 23,280 |
(1) The Company’s TVN subsidiary in France (the “TVN French Subsidiary”) participates in the French Crédit d’Impôt Recherche program (the “R&D tax credits”) which allows companies to monetize eligible research expenses. The R&D tax credits can be used to offset against income tax payable to the French government in each of the four years after being incurred, or if not utilized, are recoverable in cash. The amount of R&D tax credits recoverable are subject to audit by the French government. The R&D tax credits receivable at March 29, 2019 were approximately $27.4 million and are expected to be recoverable from 2019 through 2022 with $7.2 million reported as a component of “Prepaid expenses and other current assets” and $20.2 million reported as a component of “Other long-term assets” on the Company’s Condensed Consolidated Balance Sheets. (2) Contract assets reflect the satisfied performance obligations for which the Company does not yet have an unconditional right to consideration.
| March 29, 2019 |  | December 31, 2018
Property and equipment, net: |  |  |
Machinery and equipment | $ | 74,956 |  |  | $ | 75,094 |
Capitalized software | 32,861 |  |  | 32,696 |
Leasehold improvements | 14,953 |  |  | 14,951 |
Furniture and fixtures | 6,031 |  |  | 6,049 |
Property and equipment, gross | 128,801 |  |  | 128,790 |
Less: accumulated depreciation and amortization | (107,825 | ) |  | (106,469 | )
Total | $ | 20,976 |  |  | $ | 22,321 |
| March 29, 2019 |  | December 31, 2018
Other long-term assets: |  |  |
French R&D tax credits receivable | $ | 20,200 |  |  | $ | 19,249 |
Deferred tax assets | 9,198 |  |  | 8,695 |
Equity investment | 3,593 |  |  | 3,593 |
Other | 6,971 |  |  | 6,840 |
Total | $ | 39,962 |  |  | $ | 38,377 |
| March 29, 2019 |  | December 31, 2018
Accrued and other current liabilities: |  |  |
Accrued employee compensation and related expenses | $ | 15,483 |  |  | $ | 21,451 |
Operating lease liability (short-term) | 10,660 |  |  | — |
Accrued warranty | 4,587 |  |  | 4,869 |
Contingent inventory reserves | 2,259 |  |  | 2,500 |
Accrued TVN VDP, current (1) | 1,515 |  |  | 1,585 |
Accrued Avid litigation settlement, current | 1,500 |  |  | 1,500 |
Others | 17,234 |  |  | 20,856 |
Total | $ | 53,238 |  |  | $ | 52,761 |
(1) See Note 10, “Restructuring and related charges-TVN VDP,” for additional information on the Company’s TVN VDP liabilities.
| March 29, 2019 |  | December 31, 2018
Other non-current liabilities: |  |  |
Operating lease liability (long-term) | $ | 16,323 |  |  | $ | — |
Deferred revenue (long-term) | 4,206 |  |  | 5,330 |
Others | 9,702 |  |  | 12,898 |
Total | $ | 30,231 |  |  | $ | 18,228 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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