THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of cash and cash equivalents

The following table provides a reconciliation of the cash and cash equivalents balances reported on the balance sheets and the cash, cash equivalents and restricted cash balances reported in the statements of cash flows:

	June 30,
	2019		2018
	(In thousands)
Cash and cash equivalents, as reported on the balance sheets	$	53,782	$	63,422
Restricted cash in other long-term assets, as reported on the balance sheets	—		7,931
Cash, cash equivalents, and restricted cash, as reported in the statements of cash flows	$	53,782	$	71,353

Reconciliation of cash and cash equivalents to cash, cash equivalents and restricted cash

The following table provides a reconciliation of the cash and cash equivalents balances reported on the balance sheets and the cash, cash equivalents and restricted cash balances reported in the statements of cash flows:

	June 30,
	2019		2018
	(In thousands)
Cash and cash equivalents, as reported on the balance sheets	$	53,782	$	63,422
Restricted cash in other long-term assets, as reported on the balance sheets	—		7,931
Cash, cash equivalents, and restricted cash, as reported in the statements of cash flows	$	53,782	$	71,353

Schedule of revenues and accounts receivable from customers

The following table summarizes the revenues from customers (including original equipment manufacturers) in excess of 10% of the total revenues:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Hewlett Packard Enterprise ("HPE")	13.5	%	13.0	%	10.5	%	15.0	%
Dell Technologies Inc. ("Dell")	*		14.0	%	11.3	%	12.0	%
____________________
* Less than 10%

Schedule of changes in the entity's liability for product warranty

The following table provides changes in the product warranty accrual for the six months ended June 30, 2019 and 2018:

	Six Months Ended June 30,
	2019			2018
	(in thousands)
Balance, beginning of the period	$	1,376		$	889
New warranties issued during the period	2,397			856
Reversal of warranty reserves	(18		)	—
Settlements during the period	(1,934		)	(784		)
Balance, end of the period	1,821			961
Less: long-term portion of product warranty liability	(362		)	(173		)
Current portion, end of the period	$	1,459		$	788

Schedule of computation of basic and diluted net income per share

The following table sets forth the computation of basic and diluted net income per share for the three and six months ended June 30, 2019 and 2018:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
	(in thousands, except per share data)
Net income	$	38,429	$	16,526	$	87,049	$	54,369
Basic and diluted shares:
Weighted average ordinary shares outstanding	54,707		52,615		54,469		52,219
Effect of dilutive shares	1,773		1,851		1,711		1,930
Shares used to compute diluted net income per share	56,480		54,466		56,180		54,149
Net income per share — basic	$	0.70	$	0.31	$	1.60	$	1.04
Net income per share — diluted	$	0.68	$	0.30	$	1.55	$	1.00