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Note 6 - Balance Sheet Components

12 Months Ended

Dec. 31, 2025

Supplemental Balance Sheet Disclosures [Text Block]

6. BALANCE SHEET COMPONENTS

Inventories

Inventories consist of the following (in thousands):

	December 31,
	2025		2024
Raw materials	$	107,801	$	91,851
Work in process		220,410		169,982
Finished goods		236,438		157,778
Total	$	564,649	$	419,611

Other Current Assets

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

	December 31,
	2025		2024
Other receivables ⁽¹⁾	$	60,000	$	60,000
Prepaids and other		46,982		49,978
Total	$	106,982	$	109,978

(1)	Other receivables relate to an annually refundable deposit made to a supplier under a long-term wafer supply agreement.

Property and Equipment, Net

Property and equipment, net, consist of the following (in thousands):

	December 31,
	2025			2024
Land	$	53,151		$	50,681
Production equipment and software		469,626			340,691
Buildings and improvements		240,691			224,490
Transportation equipment		62,088			72,044
Leasehold improvements		25,798			18,301
Furniture and fixtures		17,279			13,472
Construction in progress		63,767			27,477
Property and equipment, gross		932,400			747,156
Less: accumulated depreciation and amortization		(304,711	)		(252,211	)
Total property and equipment, net	$	627,689		$	494,945

Depreciation and amortization expense on property and equipment was $50.0 million, $35.1 million and $40.0 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Other Long-Term Assets

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

	December 31,
	2025		2024
Deferred compensation plan assets	$	107,096	$	92,586
Prepaid wafer purchases ⁽¹⁾		-		60,000
Other		57,995		41,791
Total	$	165,091	$	194,377

(1)	Prepaid wafer purchases relate to an annually refundable deposit made to a supplier under a long-term wafer supply agreement.

Other Accrued Liabilities

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

	December 31,
	2025		2024
Dividends and dividend equivalents	$	81,510	$	60,622
Stock rotation and sales returns		17,150		20,799
Other		46,470		46,702
Total	$	145,130	$	128,123

Other Long-Term Liabilities

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

	December 31,
	2025		2024
Deferred compensation plan liabilities	$	103,954	$	93,653
Operating lease liabilities		19,972		12,974
Dividend equivalents		3,909		4,943
Total	$	127,835	$	111,570