XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 18,541 $ 12,570
Accounts receivable, net of allowance for doubtful accounts of $724 at June 30, 2016 and $601 at December 31, 2015 35,515 35,263
Short-term investments 0 1,267
Inventories 34,261 55,837
Prepaid expenses and other 5,942 6,039
Total current assets 94,259 110,976
Property, plant and equipment, net of accumulated depreciation of $64,579 at June 30, 2016 and $62,832 at December 31, 2015 7,686 8,812
Rental assets, net of accumulated depreciation of $1,783 at June 30, 2016 and $1,034 at December 31, 2015 6,626 6,155
Intangible assets, net of accumulated amortization of $20,655 at June 30, 2016 and $17,380 at December 31, 2015 42,508 43,089
Goodwill 31,119 29,520
Other assets 771 201
Total assets 182,969 198,753
Current liabilities:    
Accounts payable 19,905 35,286
Accrued expenses and other current liabilities 35,368 25,613
DigiCore bank facilities 3,541 3,313
Total current liabilities 58,814 64,212
Long-term liabilities:    
Convertible senior notes, net 86,684 82,461
Revolving credit facility 0 0
Deferred tax liabilities, net 3,267 3,475
Other long-term liabilities 13,079 18,142
Total liabilities 161,844 168,290
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 2,000,000 shares authorized and none outstanding 0 0
Common stock, par value $0.001; 150,000,000 shares authorized at June 30, 2016 and December 31, 2015, respectively, 53,853,148 and 53,165,024 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 54 53
Additional paid-in capital 504,990 502,337
Accumulated other comprehensive loss (5,912) (8,507)
Accumulated deficit (478,054) (463,451)
Total stockholders’ equity attributable to Novatel Wireless, Inc. 21,078 30,432
Noncontrolling interests 47 31
Total stockholders’ equity 21,125 30,463
Total liabilities and stockholders’ equity $ 182,969 $ 198,753