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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jul. 01, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 74,416 $ 106,552
Short-term marketable securities 10,470 10,308
Accounts receivable, net of allowance for doubtful accounts 86,791 99,637
Inventories 78,479 79,168
Prepaid expenses and other current assets 18,421 19,035
Total current assets 268,577 314,700
Property and equipment, less accumulated depreciation of $131,858 at July 1, 2017 and $134,786 at December 31, 2016 49,356 49,481
Intangible assets, net of amortization 97,817 118,863
Goodwill 269,758 269,758
Deferred income taxes 379 372
Other long-term assets 11,394 13,709
Total assets 697,281 766,883
Current liabilities:    
Accounts payable and accrued expenses (includes restructuring) 67,945 80,933
Accrued payroll obligations 7,971 9,865
Current portion of long-term debt 15,318 33,767
Deferred income and allowances on sales to sell-through distributors 24,915 32,257
Deferred licensing and services revenue 398 728
Total current liabilities 116,547 157,550
Long-term debt 286,979 300,855
Other long-term liabilities 34,990 38,048
Total liabilities 438,516 496,453
Contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $.01 par value, 300,000,000 shares authorized; 122,730,000 shares issued and outstanding as of July 1, 2017 and 121,645,000 shares issued and outstanding as of December 31, 2016 1,227 1,216
Additional paid-in capital 688,259 680,315
Accumulated deficit (427,597) (406,945)
Accumulated other comprehensive loss (3,124) (4,156)
Total stockholders' equity 258,765 270,430
Total liabilities and stockholders' equity $ 697,281 $ 766,883