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COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS

9 Months Ended

Sep. 30, 2025

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


	September 30,		December 31,
(In thousands)	2025		2024
Accounts receivable trade	$	74,030	$	57,308
Allowance for ship and debit		(39,363)		(26,446)
Allowance for stock rotation and rebate		(3,097)		(3,254)
Allowance for credit losses		(55)		(436)
Total	$	31,515	$	27,172

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				Nine Months Ended
	September 30,				September 30,
(In thousands)	2025		2024		2025		2024
Beginning balance	$	(55)	$	(1,007)	$	(436)	$	(681)
Provision for credit loss expense		(60)		(202)		(164)		(1,050)
Receivables written off		—		—		—		—
Recoveries		60		987		545		1,509
Ending balance	$	(55)	$	(222)	$	(55)	$	(222)

Inventories


	September 30,		December 31,
(In thousands)	2025		2024
Raw materials	$	100,686	$	101,414
Work-in-process		33,699		27,271
Finished goods		30,233		36,927
Total	$	164,618	$	165,612

Intangible Assets


	September 30, 2025						December 31, 2024
			Accumulated						Accumulated
(In thousands)	Gross		Amortization		Net		Gross		Amortization		Net
Domain name	$	1,261	$	—	$	1,261	$	1,261	$	—	$	1,261
In-process research and development		4,930		—		4,930		4,930		—		4,930
Developed technology		37,960		(36,933)		1,027		37,960		(36,492)		1,468
Technology licenses		1,926		(1,692)		234		1,926		(1,510)		416
Total intangible assets	$	46,077	$	(38,625)	$	7,452	$	46,077	$	(38,002)	$	8,075

The estimated future amortization expense related to finite-lived intangible assets at September 30, 2025, is as follows:


	Estimated
	Amortization
Fiscal Year	(In thousands)
2025 (remaining three months)	$	209
2026		687
2027		365
Total*	$	1,261

*	Total excludes $4.9 million of in-process research and development which will be amortized upon completion of development over the estimated useful life of the technology.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2025 and 2024, 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
	September 30,				September 30,						September 30,				September 30,
(In thousands)	2025		2024		2025			2024			2025		2024		2025		2024
Beginning balance	$	1,382	$	(749)	$	99		$	1,500		$	(2,768)	$	(3,940)	$	(1,287)	$	(3,189)
Other comprehensive income (loss) before reclassifications		246		3,005		—			—			(219)		1,235		27		4,240
Amounts reclassified from accumulated other comprehensive income (loss)		—		—		(2)	⁽¹⁾		(43)	⁽¹⁾		—		—		(2)		(43)
Net-current period other comprehensive income (loss)		246		3,005		(2)			(43)			(219)		1,235		25		4,197
Ending balance	$	1,628	$	2,256	$	97		$	1,457		$	(2,987)	$	(2,705)	$	(1,262)	$	1,008

(1)	This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the three months ended September 30, 2025 and 2024.


	Unrealized Gains
	and Losses on				Defined Benefit						Foreign Currency
	Marketable Securities				Pension Items						Items				Total
	Nine Months Ended				Nine Months Ended						Nine Months Ended				Nine Months Ended
	September 30,				September 30,						September 30,				September 30,
(In thousands)	2025		2024		2025			2024			2025		2024		2025		2024
Beginning balance	$	693	$	256	$	99		$	1,585		$	(3,815)	$	(3,303)	$	(3,023)	$	(1,462)
Other comprehensive income before reclassifications		935		2,000		—			—			828		598		1,763		2,598
Amounts reclassified from accumulated other comprehensive income (loss)		—		—		(2)	⁽¹⁾		(128)	⁽¹⁾		—		—		(2)		(128)
Net-current period other comprehensive income (loss)		935		2,000		(2)			(128)			828		598		1,761		2,470
Ending balance	$	1,628	$	2,256	$	97		$	1,457		$	(2,987)	$	(2,705)	$	(1,262)	$	1,008

(1)	This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the nine months ended September 30, 2025 and 2024.