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BALANCE SHEET COMPONENTS (Tables)

12 Months Ended

Dec. 31, 2023

Balance Sheet Components [Abstract]

Components of Inventory

Inventory, net, consisted of the following components:

			December 31,
(in thousands)			2023						2022
Purchased materials			$	20,168					$	24,139
Work in process			23,436						14,062
Finished goods			13,072						12,180
Inventory, net			$	56,676					$	50,381

Property and Equipment, Net

Estimated useful lives of the major classes of property and equipment are as follows:

			Estimated Useful Lives
Leasehold improvements			3 to 10 years
Lab equipment			3 to 5 years
Computer equipment			3 to 5 years
Computer software			3 years
Furniture and fixtures			3 to 5 years

Property and equipment, net, consisted of the following components:

			December 31,
(in thousands)			2023						2022
Laboratory equipment and machinery			$	44,907					$	38,998
Leasehold improvements			35,226						34,129
Computer equipment			19,528						18,438
Software			6,628						6,879
Furniture and fixtures			3,594						3,426
Construction in progress			1,343						4,698
Total			111,226						106,568
Less: Accumulated depreciation			(74,794)						(64,988)
Property and equipment, net			$	36,432					$	41,580

Definite-Lived Intangible Assets from Business Acquisitions

In addition to IPR&D, we had the following acquired definite-lived intangible assets as of December 31, 2023 (in thousands, except years):

			Estimated Useful Life (in years)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Developed technology			15						$	411,179					$	(9,195)					$	401,984
Customer relationships			2						360						(360)						—
Total									$	411,539					$	(9,555)					$	401,984

Estimated Future Amortization Expense Of Acquisition-Related Intangible Assets With Definite Lives

The estimated future amortization expense of acquisition-related intangible assets with definite lives is estimated as follows (in thousands):

2024			$	27,412
2025			27,412
2026			27,412
2027			27,412
2028			27,412
2029 and thereafter			264,924
Total			$	401,984

Schedule of Accrued Expenses

Accrued expenses consisted of the following components:

			December 31,
(in thousands)			2023						2022
Salaries and benefits			$	29,337					$	17,432
Accrued interest payable			2,834						5,100
Accrued purchase commitments			2,613						3,705
Accrued product development costs			1,033						2,326
Accrued professional services and legal fees			2,641						1,005
Inventory accrual			353						332
Warranty accrual			4,681						1,651
Other			2,216						1,045
Accrued expenses			$	45,708					$	32,596

Changes in Reserve for Product Warranties

Changes in the reserve for product warranties were as follows:

			Years Ended December 31,
(in thousands)			2023						2022
Balance at beginning of period			$	1,651					$	594
Additions charged to cost of product revenue			8,227						3,199
Repairs and replacements			(5,197)						(2,142)
Balance at end of period			$	4,681					$	1,651

Future Principal Payments , Fiscal Year Maturity

As of December 31, 2023, the future principal payments remaining on term loans was the following:

(in thousands)
2024			$	490
Total			$	490

Schedule of Other Liabilities, Current

Other liabilities, current, consisted of the following components:

			December 31,
(in thousands)			2023						2022
Accrued Employee Stock Purchase Plan			$	3,715					$	3,638
Short-term loan			490						1,842
Other			4,121						1,753
Other liabilities, current			$	8,326					$	7,233

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