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Balance Sheet Components | 12 Months Ended
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Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Components | Note 3. Balance Sheet Components Inventories
|  | As of |
|  | December 31, 2021 |  |  | December 31, 2020 |
|  | (In thousands) |
Raw materials |  | $ | 12,269 |  |  | $ | 7,756 |
Finished goods |  |  | 303,398 |  |  |  | 164,356 |
Total |  | $ | 315,667 |  |  | $ | 172,112 |
The Company records provisions for excess and obsolete inventory based on assumptions about future demand and market conditions and the amounts incurred were $3.9 million, $7.9 million and $3.9 million for the years ended December 31, 2021, 2020 and 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 |
|  | December 31, 2021 |  |  | December 31, 2020 |
|  | (In thousands) |
Computer equipment |  | $ | 9,979 |  |  | $ | 10,550 |
Furniture, fixtures and leasehold improvements |  |  | 18,364 |  |  |  | 18,674 |
Software |  |  | 30,280 |  |  |  | 29,499 |
Machinery and equipment |  |  | 75,559 |  |  |  | 72,156 |
Total property and equipment, gross |  |  | 134,182 |  |  |  | 130,879 |
Accumulated depreciation |  |  | (120,847 | ) |  |  | (114,799 | )
Total |  | $ | 13,335 |  |  | $ | 16,080 |
Depreciation expense pertaining to property and equipment was $11.7 million, $12.7 million and $12.3 million for the years ended December 31, 2021, 2020 and 2019, respectively. Intangibles, net
|  | As of December 31, 2021 |  |  | As of December 31, 2020 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
|  | (In thousands) |
Technology |  | $ | 59,799 |  |  | $ | (58,263 | ) |  | $ | 1,536 |  |  | $ | 59,799 |  |  | $ | (57,835 | ) |  | $ | 1,964 |
Customer contracts and relationships |  |  | 56,800 |  |  |  | (56,800 | ) |  |  | — |  |  |  | 56,800 |  |  |  | (55,534 | ) |  |  | 1,266 |
Other |  |  | 10,345 |  |  |  | (10,025 | ) |  |  | 320 |  |  |  | 10,345 |  |  |  | (9,676 | ) |  |  | 669 |
Total |  | $ | 126,944 |  |  | $ | (125,088 | ) |  | $ | 1,856 |  |  | $ | 126,944 |  |  | $ | (123,045 | ) |  | $ | 3,899 |
Amortization of purchased intangibles in the years ended December 31, 2021, 2020 and 2019 was $2.0 million, $6.2 million and $7.0 million, respectively. No impairment charges were recorded in the years ended December 31, 2021, 2020 and 2019. As of December 31, 2021, estimated amortization expense related to finite-lived intangibles for each of the remaining years was as follows (in thousands):
2022 |  | $ | 528 |
2023 |  |  | 514 |
2024 |  |  | 514 |
2025 |  |  | 300 |
Total |  | $ | 1,856 |
Other non-current assets
|  | As of |
|  | December 31, 2021 |  |  | December 31, 2020 |
|  | (In thousands) |
Non-current deferred income taxes |  | $ | 63,795 |  |  | $ | 68,323 |
Long-term investments |  |  | 7,575 |  |  |  | 8,395 |
Other |  |  | 4,980 |  |  |  | 6,032 |
Total |  | $ | 76,350 |  |  | $ | 82,750 |
Long-term investments The Company’s long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt securities and investments in limited partnership funds. The changes in the carrying value of equity investments without readily determinable fair values were as follows (in thousands):
Carrying value, as of December 31, 2019 | $ | 8,147 |
Additions |  | 5,850 |
Impairment and downward adjustments for observable price changes |  | (6,239 | )
Carrying value, as of December 31, 2020 (1) |  | 7,758 |
Additions |  | 340 |
Disposals |  | (1,499 | )
Impairment |  | (549 | )
Upward adjustments for observable price changes |  | 253 |
Carrying value, as of December 31, 2021 (1) | $ | 6,303 |
(1) | The balances excluded the investment in limited partnership fund of $0.9 million and $0.6 million, as of December 31, 2021 and 2020, respectively. Additionally, the balance as of December 31, 2021 excluded an investment in convertible debt securities of $0.3 million.
For the equity investments without readily determinable fair values as of December 31, 2021, cumulative downward adjustments for price changes and impairment was $8.4 million and cumulative upward adjustments for price changes was $0.4 million. Other accrued liabilities
|  | As of |
|  | December 31, 2021 |  |  | December 31, 2020 |
|  | (In thousands) |
Current operating lease liabilities |  | $ | 9,220 |  |  | $ | 9,149 |
Sales and marketing |  |  | 104,549 |  |  |  | 83,561 |
Warranty obligations |  |  | 6,861 |  |  |  | 9,240 |
Sales returns(1) |  |  | 42,869 |  |  |  | 66,972 |
Freight and duty |  |  | 22,126 |  |  |  | 14,885 |
Other |  |  | 38,959 |  |  |  | 34,568 |
Total |  | $ | 224,584 |  |  | $ | 218,375 |
________________________
(1) | Inventory expected to be received from future sales returns amounted to $21.8 million and $32.6 million as of December 31, 2021 and 2020, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $13.2 million and $18.0 million as of December 31, 2021 and December 31, 2020, respectively.

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