Balance Sheet Details (Tables)

3 Months Ended

Mar. 28, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following table provides details of selected balance sheet items (in thousands):



	March 28, 2020			December 28, 2019
Inventory
Raw materials	$	49,992		$	47,474
Work in process	52,012			48,842
Finished goods	217,692			244,113
Total inventory	$	319,696		$	340,429
Property, plant and equipment, net
Computer hardware	$	33,179		$	36,086
Computer software⁽¹⁾	45,124			45,428
Laboratory and manufacturing equipment⁽²⁾	314,701			313,081
Land and building	12,349			12,349
Furniture and fixtures	3,218			2,845
Leasehold and building improvements⁽³⁾	52,568			52,263
Construction in progress	37,148			27,946
Subtotal	498,287			489,998
Less accumulated depreciation and amortization⁽⁴⁾	(349,472		)	(339,205		)
Total property, plant and equipment, net	$	148,815		$	150,793
Accrued expenses and other current liabilities
Loss contingency related to non-cancelable purchase commitments	$	25,860		$	24,812
Professional and other consulting fees	14,218			12,296
Taxes payable	76,589			65,815
Accrued rebate and customer prepay liability	711			4,390
Short-term operating lease liability	18,054			18,106
Short-term financing lease obligation	1,693			1,380
Restructuring accrual	24,262			26,076
Other accrued expenses and other current liabilities	25,281			40,293
Total accrued expenses	$	186,668		$	193,168


⁽¹⁾	Included in computer software at March 28, 2020 and December 28, 2019 were $23.5 million and $23.3 million, respectively, related to enterprise resource planning (“ERP”) systems that the Company implemented. The unamortized ERP costs at March 28, 2020 and December 28, 2019 were $10.8 million and $11.3 million, respectively.


⁽²⁾	Included in laboratory and manufacturing equipment at March 28, 2020 was $2 million related to an equipment finance lease entered by the Company for a term of three years with an option to purchase at the end of the three-year term. The finance lease was recorded at $2 million using a discount rate of 8.2% and was included in property, plant and equipment, net.


⁽³⁾	Included in leasehold improvements at March 28, 2020 was equipment finance lease entered by the Company for a term of five-years with an option to purchase at the end of five year term. The finance lease was recorded at $2.3 million using a discount rate of 5% and was included in property, plant and equipment, net.

⁽⁴⁾

Depreciation expense was $12.3 million, which includes depreciation of capitalized ERP cost of $0.7 million for the three months ended March 28, 2020.