XML 23 R12.htm IDEA: XBRL DOCUMENT v3.24.2.u1
OTHER FINANCIAL STATEMENT INFORMATION
 6 Months Ended
Jun. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
OTHER FINANCIAL STATEMENT INFORMATION OTHER FINANCIAL STATEMENT INFORMATION
The following tables provide details of selected balance sheet components:
Accounts receivable, net:As of
(in thousands)June 28, 2024December 31, 2023
Accounts receivable$124,069 $144,731 
Less: allowances for expected credit losses and sales returns(4,070)(3,200)
Total$119,999 $141,531 
Inventories, net:As of
(in thousands)June 28, 2024December 31, 2023
Finished goods$41,456 $43,987 
Raw materials30,487 27,806 
Work-in-process4,286 5,056 
Service-related spares7,904 7,133 
Total$84,133 $83,982 
Prepaid expenses and other current assets:As of
(in thousands)June 28, 2024December 31, 2023
Prepaid expenses$9,592 $3,789 
Contract assets3,700 4,772 
Other current assets18,450 12,389 
Total$31,742 $20,950 
Property and equipment, net:As of
(in thousands)June 28, 2024December 31, 2023
Machinery and equipment$75,300 $74,659 
Capitalized software26,992 27,129 
Leasehold improvements36,797 40,931 
Furniture and fixtures2,561 2,547 
Construction-in-progress2,349 1,789 
Property and equipment, gross143,999 147,055 
Less: accumulated depreciation and amortization(114,396)(110,372)
Total$29,603 $36,683 
During the second quarter of fiscal 2024, we recorded an impairment charge of $4.2 million related to our leasehold improvements. Refer to Note 4, “Leases” for more details.

Other current liabilities:As of
(in thousands)June 28, 2024December 31, 2023
Accrued employee compensation and related expenses$22,225 $22,779 
Other31,059 38,245 
Total$53,284 $61,024