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Note 4 - Balance Sheet Components

9 Months Ended

Sep. 30, 2022

Supplemental Balance Sheet Disclosures [Text Block]

4. BALANCE SHEET COMPONENTS

Inventories

Inventories consist of the following (in thousands):

	September 30,		December 31,
	2022		2021
Raw materials	$	83,313	$	29,478
Work in process		155,904		130,029
Finished goods		158,218		99,910
Total	$	397,435	$	259,417

Other Current Assets

Other current assets consist of the following (in thousands):

	September 30,		December 31,
	2022		2021
RSU tax withholding proceeds receivable	$	11,957	$	16,224
Prepaid expenses		9,197		9,526
Accrued interest receivable		7,676		5,440
Assets for product returns		4,969		1,596
Other		2,772		2,754
Total	$	36,571	$	35,540

Other Long-Term Assets

Other long-term assets consist of the following (in thousands):

	September 30,		December 31,
	2022		2021
Deferred compensation plan assets	$	47,516	$	53,172
Prepaid expenses		173,229		2,311
Other		13,420		14,040
Total	$	234,165	$	69,523

As of September 30, 2022, prepaid expenses included $170.0 million relating to a deposit made to a vendor under a long-term wafer supply agreement. See Note 8 for further details.

Other Accrued Liabilities

Other accrued liabilities consist of the following (in thousands):

	September 30,		December 31,
	2022		2021
Dividends and dividend equivalents	$	40,823	$	32,364
Warranty		22,644		20,989
Stock rotation and sales returns		22,757		5,748
Customer prepayments		3,417		4,300
Income tax payable		8,296		4,921
Other		11,125		12,960
Total	$	109,062	$	81,282

As of September 30, 2022, stock rotation and sales returns included a $22.4 million stock rotation reserve, compared with a $5.5 million reserve as of December 31, 2021. The change in the reserve can be affected by the timing of returns and the level of inventory in the distribution channel.

Other Long-Term Liabilities

Other long-term liabilities consist of the following (in thousands):

	September 30,		December 31,
	2022		2021
Deferred compensation plan liabilities	$	49,417	$	55,489
Dividend equivalents		8,267		8,470
Other		1,877		3,268
Total	$	59,561	$	67,227