COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS

6 Months Ended

Jun. 30, 2024

COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS

COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS

3. COMPONENTS OF THE COMPANY’S CONDENSED CONSOLIDATED BALANCE SHEETS:

Accounts Receivable

	June 30,		December 31,
(In thousands)	2024		2023
Accounts receivable trade	$	46,796	$	53,147
Allowance for ship and debit		(27,139)		(36,017)
Allowance for stock rotation and rebate		(2,278)		(1,775)
Allowance for credit losses		(1,007)		(681)
Total	$	16,372	$	14,674

The Company maintains an allowance for estimated credit losses resulting from the inability of customers to make required payments. This allowance is established using estimates formulated by the Company’s management based upon factors such as the composition of the accounts receivable aging, historical losses, changes in payment patterns, customer creditworthiness and current economic trends. Receivables determined to be uncollectible are written off and deducted from the allowance.

	Allowance for Credit Losses
	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2024		2023		2024		2023
Beginning balance	$	(844)	$	(681)	$	(681)	$	(1,135)
Provision for credit loss expense		(163)		(388)		(847)		(827)
Receivables written off		—		—		—		—
Recoveries collected		—		388		521		1,281
Ending balance	$	(1,007)	$	(681)	$	(1,007)	$	(681)

Inventories

	June 30,		December 31,
(In thousands)	2024		2023
Raw materials	$	99,216	$	96,467
Work-in-process		33,416		24,727
Finished goods		37,252		41,970
Total	$	169,884	$	163,164

Intangible Assets

	June 30, 2024						December 31, 2023
			Accumulated						Accumulated
(In thousands)	Gross		Amortization		Net		Gross		Amortization		Net
Domain name	$	1,261	$	—	$	1,261	$	1,261	$	—	$	1,261
Developed technology		37,960		(36,199)		1,761		37,960		(35,459)		2,501
Technology licenses		1,926		(1,387)		539		1,926		(1,264)		662
Total intangible assets	$	41,147	$	(37,586)	$	3,561	$	41,147	$	(36,723)	$	4,424

The estimated future amortization expense related to finite-lived intangible assets at June 30, 2024, is as follows:

	Estimated
	Amortization
Fiscal Year	(In thousands)
2024 (remaining six months)	$	416
2025		832
2026		687
2027		365
Total	$	2,300

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss for the three and six months ended June 30, 2024 and 2023, were as follows:

	Unrealized Gains
	and Losses on				Defined Benefit						Foreign Currency
	Marketable Securities				Pension Items						Items				Total
	Three Months Ended				Three Months Ended						Three Months Ended				Three Months Ended
	June 30,				June 30,						June 30,				June 30,
(In thousands)	2024		2023		2024			2023			2024		2023		2024		2023
Beginning balance	$	(432)	$	(3,151)	$	1,542		$	842		$	(3,669)	$	(2,735)	$	(2,559)	$	(5,044)
Other comprehensive income (loss) before reclassifications		(317)		(144)		—			—			(271)		(548)		(588)		(692)
Amounts reclassified from accumulated other comprehensive loss		—		—		(42)	(1)		(21)	(1)		—		—		(42)		(21)
Net-current period other comprehensive income (loss)		(317)		(144)		(42)			(21)			(271)		(548)		(630)		(713)
Ending balance	$	(749)	$	(3,295)	$	1,500		$	821		$	(3,940)	$	(3,283)	$	(3,189)	$	(5,757)

(1) This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the three months ended June 30, 2024 and 2023.

	Unrealized Gains
	and Losses on				Defined Benefit						Foreign Currency
	Marketable Securities				Pension Items						Items				Total
	Six Months Ended				Six Months Ended						Six Months Ended				Six Months Ended
	June 30,				June 30,						June 30,				June 30,
(In thousands)	2024		2023		2024			2023			2024		2023		2024		2023
Beginning balance	$	256	$	(5,323)	$	1,585		$	862		$	(3,303)	$	(2,883)	$	(1,462)	$	(7,344)
Other comprehensive income (loss) before reclassifications		(1,005)		2,028		—			—			(637)		(400)		(1,642)		1,628
Amounts reclassified from accumulated other comprehensive loss		—		—		(85)	(1)		(41)	(1)		—		—		(85)		(41)
Net-current period other comprehensive income (loss)		(1,005)		2,028		(85)			(41)			(637)		(400)		(1,727)		1,587
Ending balance	$	(749)	$	(3,295)	$	1,500		$	821		$	(3,940)	$	(3,283)	$	(3,189)	$	(5,757)

(1) This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the six months ended June 30, 2024 and 2023.