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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 108,405 $ 74,551
Available-for-sale debt securities, at fair value (amortized cost and allowance for credit losses of $33,932 and $0, respectively, at March 31, 2020) 33,677 45,802
Equity securities 35,181 3,725
Accounts receivable, net of allowance for credit losses of $2,510 and $566 respectively 30,835 24,177
Unbilled contracts receivable 126,679 121,826
Other current assets 13,507 13,735
Total current assets 313,493 281,215
Long-term unbilled contracts receivable 27,557 26,672
Property and equipment, net 31,836 32,877
Operating lease right-of-use assets 16,455 17,786
Intangible assets, net 209,766 232,275
Long-term deferred tax assets 3,675 3,660
Goodwill 385,784 385,784
Other assets 68,643 67,676
Total assets 1,057,209 1,047,945
Current liabilities:    
Accounts payable 3,890 4,650
Accrued legal fees 1,917 1,316
Accrued liabilities 35,284 41,433
Deferred revenue 2,171 720
Total current liabilities 43,262 48,119
Long-term deferred tax liabilities 29,585 29,735
Long-term debt, net 335,293 334,679
Noncurrent operating lease liabilities 12,345 13,414
Other long-term liabilities 75,073 76,898
Total liabilities 495,558 502,845
Commitments and contingencies (Note 14)
Xperi stockholders’ equity:    
Preferred stock: $0.001 par value; 10,000 shares authorized and no shares issued and outstanding 0 0
Common stock: $0.001 par value; 150,000 shares authorized; 64,716 and 63,622 shares issued, respectively, and 50,530 and 49,620 shares outstanding, respectively 65 64
Additional paid-in capital 779,500 768,284
Treasury stock at cost: 14,186 and 14,002 shares of common stock at each period end, respectively (371,845) (368,701)
Accumulated other comprehensive loss (327) (53)
Retained earnings 157,617 148,317
Total Xperi stockholders’ equity 565,010 547,911
Noncontrolling interest (3,359) (2,811)
Total equity 561,651 545,100
Total liabilities and equity 1,057,209 1,047,945
Equity securities    
Current assets:    
Equity securities $ 390 $ 1,124