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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 35,045 $ 29,117
Short-term investments 24,385 65,855
Accounts receivable (net of allowances of $502 and $103 at December 31, 2016 and 2015, respectively) 14,610 25,457
Inventories 20,114 17,924
Prepaid expenses and other current assets 2,517 5,742
Total current assets 96,671 144,095
Long-term investments 0 6,493
Property and equipment, net 16,525 15,258
Other non-current assets 9,291 9,096
Developed technology, net 79,800 91,000
Goodwill 104,108 104,108
Total assets 306,395 370,050
Current liabilities:    
Accounts payable 3,967 6,094
Accrued compensation and related benefits 3,996 3,553
Other accrued liabilities 12,374 11,015
Deferred revenue, current 9,163 9,419
Total current liabilities 29,500 30,081
Convertible notes, net 194,951 194,673
Deferred tax liability 21,140 23,595
Deferred revenue, non-current 4,315 4,398
Other non-current liabilities 3,256 2,402
Total liabilities 253,162 255,149
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized, no shares issued and outstanding at either December 31, 2016 or 2015 0 0
Common stock: $0.001 par value, 200,000 shares authorized at December 31, 2016 and 2015; 29,208 and 28,844 shares issued and outstanding at December 31, 2016 and 2015, respectively 29 29
Additional paid-in capital 493,441 479,508
Accumulated other comprehensive loss (760) (1,144)
Accumulated deficit (439,477) (363,492)
Total stockholders’ equity 53,233 114,901
Total liabilities and stockholders’ equity $ 306,395 $ 370,050