BALANCE SHEET COMPONENTS (Tables)

3 Months Ended

Mar. 31, 2024

BALANCE SHEET COMPONENTS

Schedule of Property, Plant and Equipment

	March 31,		December 31,
	2024		2023
Computer equipment	$	12,124	$	12,515
Software		5,599		5,596
Furniture, fixtures, and equipment		2,519		2,501
Leasehold improvements		6,463		6,475
Laboratory and other equipment		5,102		4,891
Test equipment		22,324		25,044
Property and equipment in progress:
DFI™ system assets		22,086		22,864
CV® system and other assets		7,192		6,977
		83,409		86,863
Less: Accumulated depreciation and amortization		(47,321)		(49,525)
Total	$	36,088	$	37,338

Schedule of Other Non-Current Assets

	March 31,		December 31,
	2024		2023
Costs capitalized to obtain revenue contracts – non-current (1)	$	3,645	$	2,587
Unbilled accounts receivable – non-current (2)		2,248		1,069
Contract assets – non-current (1)		687		933
Net investments in sales-type leases – non-current (3)		20,035		12,196
Deposits and other non-current prepaid expenses		2,167		2,433
Total other non-current assets	$	28,782	$	19,218

(1) See Note 2, Revenue from Contracts with Customers.

(2) See Note 3, Balance Sheet Components – Accounts Receivable.

(3) The Company had net investments in sales-type leases for its DFI™ system and CV® system assets. The following table summarizes the components of the Company’s net investments in sales-type leases in the condensed consolidated balance sheets (in thousands):

	March 31,		December 31,
	2024		2023
Lease receivables	$	16,493	$	9,460
Unguaranteed residual assets		6,786		4,717
Net investments in sales-type leases		23,279		14,177
Less: Current portion of lease receivables under prepaid expenses and other current assets		(3,244)		(1,981)
Net investments in sales-type leases – non-current	$	20,035	$	12,196

Schedule of Maturities of Payments to be Received Under Sales-type Leases

Year Ending December 31,	Amount
2024 (remaining nine months)	$	3,211
2025		7,883
2026		7,519
2027		2,674
2028		68
Total future sales-type lease payments		21,355
Less: Present value adjustment (a)		(4,862)
Present value of lease receivables	$	16,493

(a) Calculated using the rate implicit in the lease determined for each lease.

Schedule of Finite-Lived Intangible Assets, Net

		March 31, 2024						December 31, 2023
	Amortization	Gross				Net		Gross				Net
	Period	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	(Years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Acquired identifiable intangibles:
Customer relationships	1-10	$	9,505	$	(7,500)	$	2,005	$	9,508	$	(7,335)	$	2,173
Developed technology	4-9		34,623		(22,723)		11,900		34,650		(22,094)		12,556
Tradename and trademarks	2-10		1,598		(1,052)		546		1,598		(1,025)		573
Patent	6-10		2,100		(1,804)		296		2,100		(1,782)		318
Noncompetition agreements	3		848		(848)		—		848		(848)		—
Total		$	48,674	$	(33,927)	$	14,747	$	48,704	$	(33,084)	$	15,620

Schedule of Finite-lived Intangible Assets Amortization Expense

	Three Months Ended March 31,
	2024		2023
Amortization of acquired technology included under costs of revenues	$	584	$	553
Amortization of acquired intangible assets presented separately under costs and expenses		259		325
Total amortization of acquired intangible assets	$	843	$	878

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Year Ending December 31,	Amount
2024 (remaining nine months)	$	2,388
2025		3,068
2026		2,899
2027		2,746
2028		2,441
2029 and thereafter		1,205
Total future amortization expense	$	14,747