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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 28, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 45,850 $ 84,269
Restricted cash 2,827 0
Accounts receivable, net 119,999 141,531
Inventories 84,133 83,982
Prepaid expenses and other current assets 31,742 20,950
Total current assets 284,551 330,732
Property and equipment, net 29,603 36,683
Operating lease right-of-use assets 15,244 20,817
Goodwill 237,884 239,150
Deferred income taxes 112,906 104,707
Other non-current assets 33,508 36,117
Total assets 713,696 768,206
Current liabilities:    
Convertible debt 0 114,880
Current portion of long-term debt 944 0
Current portion of other borrowings 8,348 4,918
Accounts payable 30,017 38,562
Deferred revenue 53,142 46,217
Operating lease liabilities 6,166 6,793
Other current liabilities 53,284 61,024
Total current liabilities 151,901 272,394
Long-term debt 113,805 0
Other long-term borrowings 5,245 10,495
Operating lease liabilities, non-current 16,594 18,965
Other non-current liabilities 33,343 29,478
Total liabilities 320,888 331,332
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.001 par value, 150,000 shares authorized; 115,998 and 112,407 shares issued and outstanding at June 28, 2024 and December 31, 2023, respectively 116 112
Additional paid-in capital 2,416,152 2,405,043
Accumulated deficit (2,013,333) (1,962,575)
Accumulated other comprehensive loss (10,127) (5,706)
Total stockholders’ equity 392,808 436,874
Total liabilities and stockholders’ equity $ 713,696 $ 768,206