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Balance Sheet Components | 6 Months Ended
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Jun. 28, 2020
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Components | Note 4. Balance Sheet Components Available-for-sale short-term investments
|  | As of |
|  | June 28, 2020 |  |  | December 31, 2019 |
|  | Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Allowance for Credit Losses |  |  | Estimated Fair Value |  |  | Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Estimated Fair Value |
|  | (In thousands) |
Certificates of deposit |  | $ | 147 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 147 |  |  | $ | 149 |  |  | $ | — |  |  | $ | — |  |  | $ | 149 |
Convertible debt |  |  | 1,326 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,326 |  |  |  | 1,326 |  |  |  | — |  |  |  | — |  |  |  | 1,326 |
Total |  | $ | 1,473 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,473 |  |  | $ | 1,475 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,475 |
The Company’s available-for-sale short-term investments are primarily comprised of convertible debt securities with an original maturity or remaining maturity at the time of purchase of greater than three months and no more than twelve months. Accordingly, none of the available-for-sale investments have unrealized losses greater than twelve months. Inventories
|  | As of |
|  | June 28, 2020 |  |  | December 31, 2019 |
|  | (In thousands) |
Raw materials |  | $ | 14,751 |  |  | $ | 28,871 |
Finished goods |  |  | 135,834 |  |  |  | 206,618 |
Total |  | $ | 150,585 |  |  | $ | 235,489 |
The Company records provisions for excess and obsolete inventory based on assumptions about future demand and market conditions and the amounts incurred were $2.2 million and $4.6 million for the three and six months ended June 28, 2020, respectively, and $1.1 million and $2.0 million for the three and six months ended June 30, 2019, respectively. While management believes the estimates and assumptions underlying its current forecasts are reasonable, there is risk that additional charges may be necessary if current forecasts are greater than actual demand. Property and equipment, net
|  | As of |
|  | June 28, 2020 |  |  | December 31, 2019 |
|  | (In thousands) |
Computer equipment |  | $ | 10,376 |  |  | $ | 9,883 |
Furniture, fixtures and leasehold improvements |  |  | 18,134 |  |  |  | 18,623 |
Software |  |  | 28,718 |  |  |  | 27,865 |
Machinery and equipment |  |  | 67,268 |  |  |  | 59,637 |
Total property and equipment, gross |  |  | 124,496 |  |  |  | 116,008 |
Accumulated depreciation and amortization |  |  | (108,960 | ) |  |  | (98,325 | )
Total |  | $ | 15,536 |  |  | $ | 17,683 |
Depreciation and amortization expense pertaining to property and equipment was $3.2 million and $6.2 million for the three and six months ended June 28, 2020, respectively, and $3.2 million and $6.1 million for the three and six months ended June 30, 2019, respectively. Intangibles, net
|  | As of June 28, 2020 |  |  | As of December 31, 2019 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
|  | (In thousands) |
Technology |  | $ | 59,799 |  |  | $ | (57,621 | ) |  | $ | 2,178 |  |  | $ | 59,799 |  |  | $ | (57,406 | ) |  | $ | 2,393 |
Customer contracts and relationships |  |  | 56,800 |  |  |  | (52,978 | ) |  |  | 3,822 |  |  |  | 56,800 |  |  |  | (50,297 | ) |  |  | 6,503 |
Other |  |  | 10,345 |  |  |  | (9,430 | ) |  |  | 915 |  |  |  | 10,345 |  |  |  | (9,137 | ) |  |  | 1,208 |
Total |  | $ | 126,944 |  |  | $ | (120,029 | ) |  | $ | 6,915 |  |  | $ | 126,944 |  |  | $ | (116,840 | ) |  | $ | 10,104 |
Amortization of intangibles was $1.6 million and $3.2 million for the three and six months ended June 28, 2020, respectively, and $1.7 million and $3.8 million for the three and six months ended June 30, 2019, respectively. As of June 28, 2020, estimated amortization expense related to finite-lived intangibles for the remaining years is as follows (in thousands):
2020 (remaining six months) |  | $ | 3,016 |
2021 |  |  | 2,044 |
2022 |  |  | 527 |
2023 |  |  | 514 |
2024 |  |  | 514 |
Thereafter |  |  | 300 |
Total estimated amortization expense |  | $ | 6,915 |
Other non-current assets
|  | As of |
|  | June 28, 2020 |  |  | December 31, 2019 |
|  | (In thousands) |
Non-current deferred income taxes |  | $ | 56,065 |  |  | $ | 58,930 |
Long-term investments |  |  | 9,869 |  |  |  | 8,147 |
Other |  |  | 6,403 |  |  |  | 7,202 |
Total |  | $ | 72,337 |  |  | $ | 74,279 |
Long-term investments The Company’s long-term investments are primarily comprised of equity investments without readily determinable fair values. The changes in the carrying value of these investments during the following periods are as follows:
| Six Months Ended |
| June 28, 2020 |  |  | June 30, 2019 |
| (In thousands) |
Carrying value as of the beginning of the period | $ | 8,147 |  |  | $ | 2,886 |
Additions from purchase of investments |  | 5,815 |  |  |  | 5,200 |
Impairment |  | (4,530 | ) |  |  | — |
Carrying value as of the end of the period (1) | $ | 9,432 |  |  | $ | 8,086 |
(1)The balance as of June 28, 2020 did not include the investment in limited partnership fund of $0.4 million. The impairment recognized during the first fiscal quarter of 2020 was brought about by triggering events impacting the valuation of a number of its privately held long-term investments, partially due to the onset of the COVID-19 pandemic. No impairment pertaining to long-lived assets was recognized during the three months ended June 28, 2020. For the equity investments without readily determinable fair values as of June 28, 2020, cumulative downward adjustments for price changes and impairment was $6.2 million and cumulative upward adjustments for price changes was $0.2 million. Other accrued liabilities
|  | As of |
|  | June 28, 2020 |  |  | December 31, 2019 |
|  | (In thousands) |
Current operating lease liabilities |  | $ | 8,896 |  |  | $ | 9,357 |
Sales and marketing |  |  | 58,104 |  |  |  | 85,605 |
Warranty obligations |  |  | 9,275 |  |  |  | 10,556 |
Sales returns(1) |  |  | 49,107 |  |  |  | 52,612 |
Freight and duty |  |  | 8,610 |  |  |  | 5,633 |
Other |  |  | 29,087 |  |  |  | 25,784 |
Total |  | $ | 163,079 |  |  | $ | 189,547 |
(1)Inventory expected to be received from future sales returns amounted to $24.9 million and $26.8 million as of June 28, 2020 and December 31, 2019, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $14.4 million and $14.9 million as of June 28, 2020 and December 31, 2019, respectively.

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