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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 8,261 $ 12,570
Accounts receivable, net of allowance for doubtful accounts of $539 at March 31, 2016 and $601 at December 31, 2015 34,813 35,263
Short-term investments 1,100 1,267
Inventories 48,335 55,837
Prepaid expenses and other 7,141 6,039
Total current assets 99,650 110,976
Property, plant and equipment, net of accumulated depreciation of $63,556 at March 31, 2016 and $62,832 at December 31, 2015 8,543 8,812
Rental assets, net 6,318 6,155
Intangible assets, net of accumulated amortization of $18,875 at March 31, 2016 and $17,380 at December 31, 2015 43,383 43,089
Goodwill 30,947 29,520
Other assets 21 201
Total assets 188,862 198,753
Current liabilities:    
Accounts payable 25,851 35,286
Accrued expenses and other current liabilities 32,462 25,613
DigiCore bank facilities 3,305 3,313
Total current liabilities 61,618 64,212
Long-term liabilities:    
Convertible senior notes, net 84,573 82,461
Revolving credit facility 3,400 0
Deferred tax liabilities, net 3,563 3,475
Other long-term liabilities 13,792 18,142
Total liabilities $ 166,946 $ 168,290
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 2,000 shares authorized and none outstanding $ 0 $ 0
Common stock, par value $0.001; 150,000 shares authorized at March 31, 2016 and December 31, 2015, respectively, 53,379 and 53,165 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 53 53
Additional paid-in capital 503,395 502,337
Accumulated other comprehensive loss (6,229) (8,507)
Accumulated deficit (475,353) (463,451)
Total stockholders’ equity attributable to Novatel Wireless, Inc. 21,866 30,432
Noncontrolling interests 50 31
Total stockholders’ equity 21,916 30,463
Total liabilities and stockholders’ equity $ 188,862 $ 198,753