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BALANCE SHEET COMPONENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Balance Sheet Components [Abstract] |
Schedule of Inventory | Our inventory, net, consisted of the following components:
(in thousands) | September 30, 2024 |  | December 31, 2023
Purchased materials | $ | 30,697 |  |  | $ | 20,168 |
Work in process | 18,292 |  |  | 23,436 |
Finished goods | 16,748 |  |  | 13,072 |
Inventory, net | $ | 65,737 |  |  | $ | 56,676 |
Schedule of Goodwill | Changes to goodwill during the nine months ended September 30, 2024 were as follows:
(in thousands) |  |
Balance as of December 31, 2023 |  | $ | 462,261 |
Impairment |  | (93,200) |
Balance as of September 30, 2024 |  | $ | 369,061 |
Schedule of Definite-Lived Intangible Assets From Business Acquisitions | In addition to IPR&D, finite-lived intangible assets included the following:
|  |  | As of September 30, 2024 |  | As of December 31, 2023
(in thousands, except years) | Estimated Useful Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed technology | 15 |  | $ | 411,179 |  |  | $ | (29,753) |  |  | $ | 381,426 |  |  | $ | 411,179 |  |  | $ | (9,195) |  |  | $ | 401,984 |
Customer relationships | 2 |  | 360 |  |  | (360) |  |  | — |  |  | 360 |  |  | (360) |  |  | — |
Total |  |  | $ | 411,539 |  |  | $ | (30,113) |  |  | $ | 381,426 |  |  | $ | 411,539 |  |  | $ | (9,555) |  |  | $ | 401,984 |
Schedule of Estimated Future Amortization Expense of Acquisition-Related Intangible Assets with Definite Lives | The estimated future amortization expense of intangible assets with definite lives is as follows:
(in thousands) |
Remainder of 2024 | $ | 6,853 |
2025 | 27,412 |
2026 | 27,412 |
2027 | 27,412 |
2028 | 27,412 |
2029 and thereafter | 264,925 |
Total | $ | 381,426 |
Schedule of Changes in Reserve for Product Warranties | Changes in the reserve for product warranties were as follows for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period | $ | 3,462 |  |  | $ | 2,862 |  |  | $ | 4,681 |  |  | $ | 1,651 |
Additions charged to cost of product revenue | 1,414 |  |  | 2,825 |  |  | 4,787 |  |  | 5,675 |
Repairs and replacements | (1,610) |  |  | (1,722) |  |  | (6,202) |  |  | (3,361) |
Balance at end of period | $ | 3,266 |  |  | $ | 3,965 |  |  | $ | 3,266 |  |  | $ | 3,965 |

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