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Balance Sheet Components (Tables)
12 Months Ended
Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]  
Schedule of Inventories

Inventories 

 

 

 

As of

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Raw materials

 

$

12,269

 

 

$

7,756

 

Finished goods

 

 

303,398

 

 

 

164,356

 

Total

 

$

315,667

 

 

$

172,112

 

Schedule of Property and Equipment, Net

Property and equipment, net

 

 

 

As of

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Computer equipment

 

$

9,979

 

 

$

10,550

 

Furniture, fixtures and leasehold improvements

 

 

18,364

 

 

 

18,674

 

Software

 

 

30,280

 

 

 

29,499

 

Machinery and equipment

 

 

75,559

 

 

 

72,156

 

Total property and equipment, gross

 

 

134,182

 

 

 

130,879

 

Accumulated depreciation

 

 

(120,847

)

 

 

(114,799

)

Total

 

$

13,335

 

 

$

16,080

 

Schedule of Intangibles, Net

Intangibles, net

 

 

 

As of December 31, 2021

 

 

As of December 31, 2020

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

 

(In thousands)

 

Technology

 

$

59,799

 

 

$

(58,263

)

 

$

1,536

 

 

$

59,799

 

 

$

(57,835

)

 

$

1,964

 

Customer contracts and relationships

 

 

56,800

 

 

 

(56,800

)

 

 

 

 

 

56,800

 

 

 

(55,534

)

 

 

1,266

 

Other

 

 

10,345

 

 

 

(10,025

)

 

 

320

 

 

 

10,345

 

 

 

(9,676

)

 

 

669

 

Total

 

$

126,944

 

 

$

(125,088

)

 

$

1,856

 

 

$

126,944

 

 

$

(123,045

)

 

$

3,899

 

Schedule of Estimated Amortization Expense Related to Intangibles

As of December 31, 2021, estimated amortization expense related to finite-lived intangibles for each of the remaining years was as follows (in thousands):

 

2022

 

$

528

 

2023

 

 

514

 

2024

 

 

514

 

2025

 

 

300

 

Total

 

$

1,856

 

Schedule of Other Non-Current Assets

Other non-current assets

 

 

 

As of

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Non-current deferred income taxes

 

$

63,795

 

 

$

68,323

 

Long-term investments

 

 

7,575

 

 

 

8,395

 

Other

 

 

4,980

 

 

 

6,032

 

Total

 

$

76,350

 

 

$

82,750

 

Schedule of Changes in Carrying Value of Long-term Investments

Long-term investments

The Company’s long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt securities and investments in limited partnership funds. The changes in the carrying value of equity investments without readily determinable fair values were as follows (in thousands):

 

Carrying value, as of December 31, 2019

$

8,147

 

Additions

 

5,850

 

Impairment and downward adjustments for observable price changes

 

(6,239

)

Carrying value, as of December 31, 2020 (1)

 

7,758

 

Additions

 

340

 

Disposals

 

(1,499

)

Impairment

 

(549

)

Upward adjustments for observable price changes

 

253

 

Carrying value, as of December 31, 2021 (1)

$

6,303

 

 

(1)

The balances excluded the investment in limited partnership fund of $0.9 million and $0.6 million, as of December 31, 2021 and 2020, respectively. Additionally, the balance as of December 31, 2021 excluded an investment in convertible debt securities of $0.3 million.

Schedule of Other Accrued Liabilities

Other accrued liabilities

 

 

As of

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Current operating lease liabilities

 

$

9,220

 

 

$

9,149

 

Sales and marketing

 

 

104,549

 

 

 

83,561

 

Warranty obligations

 

 

6,861

 

 

 

9,240

 

Sales returns(1)

 

 

42,869

 

 

 

66,972

 

Freight and duty

 

 

22,126

 

 

 

14,885

 

Other

 

 

38,959

 

 

 

34,568

 

Total

 

$

224,584

 

 

$

218,375

 

________________________

(1)

Inventory expected to be received from future sales returns amounted to $21.8 million and $32.6 million as of December 31, 2021 and 2020, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $13.2 million and $18.0 million as of December 31, 2021 and December 31, 2020, respectively.