XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.20.2

Balance Sheet Components | 9 Months Ended
--- | ---
Sep. 30, 2020
Balance Sheet Related Disclosures [Abstract] |
Balance sheet components | Note 4. Balance sheet components Accounts Receivable, net The Company’s accounts receivable arises from sales on credit to customers. The Company establishes an allowance for credit losses to present the net amount of accounts receivable expected to be collected. With the adoption of Topic 326 on January 1, 2020, the allowance is determined by using the loss-rate method, which requires an estimation of loss rates based upon historical loss experience adjusted for factors that are relevant to determining the expected collectability of accounts receivables. Some of these factors include macroeconomic conditions that correlate with historical loss experience, delinquency trends, aging behavior of receivables and credit and liquidity indicators for individual customers. Prior to the adoption, the Company established the allowance under an incurred loss mode, considering the aging of the accounts receivable, the credit worthiness of each distributor based on payment history, and general economic factors, among other factors. The components of accounts receivable, net are as follows (in thousands):
|  | December 31, |  |  | September 30, |
|  | 2019 |  |  | 2020 |
|  |  |  |  |  | (unaudited) |
Trade accounts receivable |  | $ | 58,774 |  |  | $ | 54,322 |
Other receivables |  |  | 434 |  |  |  | 454 |
Total receivables |  |  | 59,208 |  |  |  | 54,776 |
Less: Allowance for credit losses |  |  | (580 | ) |  |  | (910 | )
Receivables, net |  | $ | 58,628 |  |  | $ | 53,866 |
The allowance for credit losses activity was as follows (in thousands):
|  | Year ended December 31, |  |  | Nine months ended September 30, |
|  | 2019 |  |  | 2020 |
|  |  |  |  |  | (unaudited) |
Beginning balance |  | $ | 503 |  |  | $ | 580 |
Increase, charged to expense |  |  | 333 |  |  |  | 210 |
Recoveries |  |  | (204 | ) |  |  | (71 | )
Provision for late fee charges |  |  | — |  |  |  | 191 |
Amounts written-off |  |  | (52 | ) |  |  | — |
Ending balance |  | $ | 580 |  |  | $ | 910 |
Inventories, net Inventories, net consisted of the following (in thousands):
|  | December 31, |  |  | September 30, |
|  | 2019 |  |  | 2020 |
|  |  |  |  |  | (unaudited) |
Finished goods |  | $ | 42,402 |  |  | $ | 29,046 |
Raw materials |  |  | 4,227 |  |  |  | 5,900 |
Gross inventory |  |  | 46,629 |  |  |  | 34,946 |
Less: Excess and obsolete provision |  |  | (4,959 | ) |  |  | (5,892 | )
Inventories, net |  | $ | 41,670 |  |  | $ | 29,054 |
The following table reflects the activity in the Company’s inventory excess and obsolete provision (in thousands):
|  | Year ended December 31, |  |  | Nine months ended September 30, |
|  | 2019 |  |  | 2020 |
|  |  |  |  |  | (unaudited) |
Beginning balance |  | $ | 3,950 |  |  | $ | 4,959 |
Inventory written off |  |  | (149 | ) |  |  | (1,537 | )
Increase in excess and obsolete provision |  |  | 1,158 |  |  |  | 2,470 |
Ending balance |  | $ | 4,959 |  |  | $ | 5,892 |
Accrued liabilities Accrued liabilities consisted of the following (in thousands):
|  | December 31, |  |  | September 30, |
|  | 2019 |  |  | 2020 |
|  |  |  |  |  | (unaudited) |
Accrued goods and services |  | $ | 8,364 |  |  | $ | 8,436 |
Accrued inventory purchases |  |  | 3,094 |  |  |  | 4,261 |
Accrued customer rebates |  |  | 3,569 |  |  |  | 7,064 |
Other |  |  | 7 |  |  |  | 10 |
Accrued liabilities |  | $ | 15,034 |  |  | $ | 19,771 |
Accrued warranty Provisions for warranty claims are primarily related to our hardware products and are recorded at the time products are sold. The change to accrued warranty was as follows (in thousands):
|  | Year ended December 31, |  |  | Nine months ended September 30, |
|  | 2019 |  |  | 2020 |
|  |  |  |  |  | (unaudited) |
Beginning balance |  | $ | 488 |  |  | $ | 706 |
Warranties assumed due to acquisition |  |  | 180 |  |  |  | 1,174 |
Fulfillment of assumed acquisition warranty |  |  | — |  |  |  | (387 | )
Provision increase, net |  |  | 38 |  |  |  | 282 |
Ending balance |  | $ | 706 |  |  | $ | 1,775 |
At December 31, 2019, $0.7 million is included in Other current liabilities on the Company’s condensed consolidated balance sheet. At September 30, 2020, $1.1 million is included in Other current liabilities and $0.7 million is included in Other noncurrent liabilities on the Company’s condensed consolidated balance sheet.

X
- References No definition available. + Details
Name: | us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration