Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 29, 2018

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements

Such information is as follows:

Condensed Consolidated Statement of Operations
	Three months ended September 29, 2018				Nine months ended September 29, 2018
(In thousands, except per share data)	As reported under new standard	Adjustments		Pro forma as if previous standard was in effect	As reported under new standard		Adjustments		Pro forma as if previous standard was in effect
Product revenue	97,932	(1,302	)	96,630	291,335		(13,651	)	277,684
Licensing and services revenue	3,552	(1,525	)	2,027	11,487		1,662		13,149
Cost of product revenue	43,120	144		43,264	137,430		(5,400	)	132,030
Net income (loss)	6,974	(2,971	)	4,003	(19,201	)	(6,589	)	(25,790	)
Net income (loss) per share, basic and diluted	0.05	(0.02	)	0.03	(0.15	)	(0.06	)	(0.21	)

Condensed Consolidated Balance Sheets
	As of September 29, 2018
(In thousands)	As reported under new standard		Adjustments		Pro forma as if previous standard was in effect
Accounts receivable, net of allowance for doubtful accounts	75,648		7,091		82,739
Inventories	66,381		25		66,406
Prepaid expenses and other current assets	24,143		(6,568	)	17,575
Total assets	632,327		548		632,875
Accounts payable and accrued expenses (includes restructuring)	46,929		(887	)	46,042
Deferred income and allowances on sales to distributors	—		35,425		35,425
Accumulated deficit	(469,662	)	(33,990	)	(503,652	)
Total liabilities and stockholders' equity	632,327		548		632,875

Condensed Consolidated Statement of Cash Flows
	Nine months ended September 29, 2018
(In thousands)	As reported under new standard		Adjustments		Pro forma as if previous standard was in effect
Cash flows from operating activities:
Net loss	(19,201	)	(6,589	)	(25,790	)
Accounts receivable, net	(18,736	)	(8,899	)	(27,635	)
Inventories	13,892		(395	)	13,497
Prepaid expenses and other assets	(11,729	)	(947	)	(12,676	)
Accounts payable and accrued expenses (includes restructuring)	1,661		(1,345	)	316
Deferred income and allowances on sales to distributors	—		18,175		18,175

Contracts with Customers

The following table summarizes the activity for our contract assets during the first nine months of fiscal 2018:

(In thousands)
Balance as of December 31, 2017	$	7,515
Revenues recorded during the period	7,338
Transferred to accounts receivable or collected	(8,848		)
Balance as of September 29, 2018	$	6,005

Disaggregation of revenue

The following tables provide information about revenue from contracts with customers disaggregated by major class of revenue and by geographical market, based on ship-to location of the end customer, where available, and ship-to location of distributor otherwise:

	Major Class of Revenue	Three Months Ended		Nine Months Ended
	(In thousands)	September 29, 2018	September 30, 2017 *	September 29, 2018	September 30, 2017 *
	Product revenue - Distributors	82,969	73,273	257,716	218,923
	Product revenue - Direct	14,963	14,096	33,619	44,283
	Licensing and services revenue	3,552	4,602	11,487	27,489
	Total revenue	101,484	91,971	302,822	290,695
	Revenue by Geographical Market	Three Months Ended		Nine Months Ended
	(In thousands)	September 29, 2018	September 30, 2017 *	September 29, 2018	September 30, 2017 *
	Asia	76,927	68,677	226,747	207,081
	Europe	11,873	10,972	36,177	32,631
	Americas	12,684	12,322	39,898	50,983
	Total revenue	101,484	91,971	302,822	290,695
*	As noted above, prior period amounts have not been adjusted under the modified retrospective method of adopting ASC 606 and, therefore, are presented under GAAP in effect during that period.