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Balance Sheet Components (Tables)
9 Months Ended
Sep. 27, 2020
Balance Sheet Related Disclosures [Abstract]  
Schedule of Inventories

Inventories

 

 

 

As of

 

 

 

September 27, 2020

 

 

December 31, 2019

 

 

 

(In thousands)

 

Raw materials

 

$

11,149

 

 

$

28,871

 

Finished goods

 

 

133,153

 

 

 

206,618

 

Total

 

$

144,302

 

 

$

235,489

 

 

Schedule of Property and Equipment, Net

 

Property and equipment, net  

 

 

 

As of

 

 

 

September 27, 2020

 

 

December 31, 2019

 

 

 

(In thousands)

 

Computer equipment

 

$

10,433

 

 

$

9,883

 

Furniture, fixtures and leasehold improvements

 

 

18,266

 

 

 

18,623

 

Software

 

 

29,227

 

 

 

27,865

 

Machinery and equipment

 

 

69,213

 

 

 

59,637

 

Total property and equipment, gross

 

 

127,139

 

 

 

116,008

 

Accumulated depreciation and amortization

 

 

(111,826

)

 

 

(98,325

)

Total

 

$

15,313

 

 

$

17,683

 

 

Schedule of Intangibles, Net

Intangibles, net

 

 

 

As of September 27, 2020

 

 

As of December 31, 2019

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

 

(In thousands)

 

Technology

 

$

59,799

 

 

$

(57,728

)

 

$

2,071

 

 

$

59,799

 

 

$

(57,406

)

 

$

2,393

 

Customer contracts and relationships

 

 

56,800

 

 

 

(54,269

)

 

 

2,531

 

 

 

56,800

 

 

 

(50,297

)

 

 

6,503

 

Other

 

 

10,345

 

 

 

(9,557

)

 

 

788

 

 

 

10,345

 

 

 

(9,137

)

 

 

1,208

 

Total

 

$

126,944

 

 

$

(121,554

)

 

$

5,390

 

 

$

126,944

 

 

$

(116,840

)

 

$

10,104

 

 

Schedule of Estimated Amortization Expense Related to Intangibles

As of September 27, 2020, estimated amortization expense related to finite-lived intangibles for the remaining years is as follows (in thousands):

 

2020 (remaining three months)

 

$

1,491

 

2021

 

 

2,044

 

2022

 

 

527

 

2023

 

 

514

 

2024

 

 

514

 

Thereafter

 

 

300

 

Total estimated amortization expense

 

$

5,390

 

 

Schedule of Other Non-Current Assets

Other non-current assets

 

 

 

As of

 

 

 

September 27, 2020

 

 

December 31, 2019

 

 

 

(In thousands)

 

Non-current deferred income taxes

 

$

57,375

 

 

$

58,930

 

Long-term investments

 

 

9,060

 

 

 

8,147

 

Other

 

 

6,519

 

 

 

7,202

 

Total

 

$

72,954

 

 

$

74,279

 

 

Schedule of Changes in Carrying Value of Long-term Investments

Long-term investments

The Company’s long-term investments are primarily comprised of equity investments without readily determinable fair values. The changes in the carrying value of these investments during the periods represented are as follows:

 

 

Nine Months Ended

 

 

September 27,

2020

 

 

September 29,

2019

 

 

(In thousands)

 

Carrying value as of the beginning of the period

$

8,147

 

 

$

2,886

 

Additions from purchase of investments

 

5,850

 

 

 

5,484

 

Impairment and downward adjustments for price changes

 

(5,372

)

 

 

(223

)

Carrying value as of the end of the period (1)

$

8,625

 

 

$

8,147

 

 

(1)The balance as of September 27, 2020 did not include the investment in limited partnership fund of $0.4 million.

Schedule of Other Accrued Liabilities

Other accrued liabilities

 

 

 

As of

 

 

 

September 27, 2020

 

 

December 31, 2019

 

 

 

(In thousands)

 

Current operating lease liabilities

 

$

8,849

 

 

$

9,357

 

Sales and marketing

 

 

68,787

 

 

 

85,605

 

Warranty obligations

 

 

9,658

 

 

 

10,556

 

Sales returns(1)

 

 

61,646

 

 

 

52,612

 

Freight and duty

 

 

17,293

 

 

 

5,633

 

Other

 

 

30,064

 

 

 

25,784

 

Total

 

$

196,297

 

 

$

189,547

 

 

(1)Inventory expected to be received from future sales returns amounted to $30.7 million and $26.8 million as of September 27, 2020 and December 31, 2019, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $16.6 million and $14.9 million as of September 27, 2020 and December 31, 2019, respectively.