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Balance Sheet Components
3 Months Ended
Apr. 03, 2016
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components
Balance Sheet Components

Available-for-sale short-term investments (in thousands)

 
As of
 
April 3, 2016
 
December 31, 2015
 
Cost
 
Unrealized Gain
 
Unrealized Loss
 
Estimated Fair Value
 
 Cost
 
Unrealized Gain
 
Unrealized Loss
 
Estimated Fair Value
U.S. treasuries
$
105,033

 
$
39

 
$
(2
)
 
$
105,070

 
$
95,057

 
$
1

 
$
(65
)
 
$
94,993

Certificates of deposit
155

 

 

 
155

 
147

 

 

 
147

Total
$
105,188

 
$
39

 
$
(2
)
 
$
105,225

 
$
95,204

 
$
1

 
$
(65
)
 
$
95,140



The Company’s short-term investments are primarily comprised of marketable securities that are classified as available-for-sale and consist of government securities with an original maturity or remaining maturity at the time of purchase of greater than three months and no more than 12 months. Accordingly, none of the available-for-sale securities have unrealized losses greater than 12 months.

Accounts receivable, net (in thousands)
 
As of
 
April 3,
2016
 
December 31,
2015
Gross accounts receivable
$
237,022

 
$
309,926

Allowance for doubtful accounts
(1,255
)
 
(1,255
)
Allowance for sales returns
(15,578
)
 
(15,904
)
Allowance for price protection
(1,768
)
 
(2,125
)
Total allowances
(18,601
)
 
(19,284
)
Total accounts receivable, net
$
218,421

 
$
290,642



Inventories (in thousands)
 
As of
 
April 3,
2016
 
December 31,
2015
Raw materials
$
6,155

 
$
4,292

Work in process
1


2

Finished goods
209,151

 
208,824

Total inventories
$
215,307

 
$
213,118



The Company records provisions for excess and obsolete inventory based on forecasts of future demand. While management believes the estimates and assumptions underlying its current forecasts are reasonable, there is risk that additional charges may be necessary if current forecasts are greater than actual demand.

Property and equipment, net (in thousands)
 
 
As of
 
April 3,
2016
 
December 31,
2015
Computer equipment
$
11,502

 
$
11,161

Furniture, fixtures and leasehold improvements
18,427

 
18,317

Software
30,957

 
30,396

Machinery and equipment
67,560

 
66,662

Total property and equipment, gross
128,446

 
126,536

Accumulated depreciation and amortization
(107,759
)
 
(104,152
)
Total property and equipment, net
$
20,687

 
$
22,384



Depreciation and amortization expense pertaining to property and equipment was $3.9 million and $4.8 million for the three months ended April 3, 2016, and March 29, 2015, respectively.

Intangibles, net (in thousands)
 
Gross
 
Accumulated Amortization
 
Net
April 3, 2016
 
 
 
 
 
Technology
$
61,099

 
$
(50,694
)
 
$
10,405

Customer contracts and relationships
56,500

 
(25,061
)
 
31,439

Other
10,545

 
(7,686
)
 
2,859

Total intangibles, net
$
128,144

 
$
(83,441
)
 
$
44,703


 
Gross
 
Accumulated Amortization
 
Net
December 31, 2015
 
 
 
 
 
Technology
$
61,099

 
$
(48,485
)
 
$
12,614

Customer contracts and relationships
56,500

 
(23,290
)
 
33,210

Other
10,545

 
(7,422
)
 
3,123

Total intangibles, net
$
128,144

 
$
(79,197
)
 
$
48,947



Amortization of intangibles was $4.2 million and $4.5 million for the three months ended April 3, 2016 and March 29, 2015, respectively.

Estimated amortization expense related to intangibles for each of the next five years and thereafter is as follows (in thousands):
Year Ending December 31
Amount
2016 (remaining nine months)
$
12,677

2017
11,386

2018
7,871

2019
6,028

2020
5,316

Thereafter
1,425

Total estimated amortization expense
$
44,703



Other non-current assets (in thousands)
 
As of
 
April 3,
2016
 
December 31, 2015
Non-current deferred income taxes
$
67,955

 
$
68,445

Cost method investment
105

 
105

Other
7,617

 
7,824

Total other non-current assets
$
75,677

 
$
76,374



Other accrued liabilities (in thousands)
 
As of
 
April 3,
2016
 
December 31,
2015
Sales and marketing programs
$
62,802

 
$
69,693

Warranty obligation
49,908

 
56,706

Freight
6,882

 
5,748

Other
28,426

 
34,135

Total other accrued liabilities
$
148,018

 
$
166,282