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Balance Sheet Components (Tables)
6 Months Ended
Jun. 27, 2021
Balance Sheet Related Disclosures [Abstract]  
Schedule of Inventories

Inventories

 

 

 

As of

 

 

 

June 27, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Raw materials

 

$

10,809

 

 

$

7,756

 

Finished goods

 

 

240,955

 

 

 

164,356

 

Total

 

$

251,764

 

 

$

172,112

 

 

Schedule of Property and Equipment, Net

 

Property and equipment, net

 

 

 

As of

 

 

 

June 27, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Computer equipment

 

$

9,618

 

 

$

10,550

 

Furniture, fixtures and leasehold improvements

 

 

18,168

 

 

 

18,674

 

Software

 

 

29,695

 

 

 

29,499

 

Machinery and equipment

 

 

72,072

 

 

 

72,156

 

Total property and equipment, gross

 

 

129,553

 

 

 

130,879

 

Accumulated depreciation

 

 

(115,336

)

 

 

(114,799

)

Total

 

$

14,217

 

 

$

16,080

 

 

Schedule of Intangibles, Net

Intangibles, net

 

 

 

As of June 27, 2021

 

 

As of December 31, 2020

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

 

(In thousands)

 

Technology

 

$

59,799

 

 

$

(58,049

)

 

$

1,750

 

 

$

59,799

 

 

$

(57,835

)

 

$

1,964

 

Customer contracts and relationships

 

 

56,800

 

 

 

(56,800

)

 

 

 

 

 

56,800

 

 

 

(55,534

)

 

 

1,266

 

Other

 

 

10,345

 

 

 

(9,911

)

 

 

434

 

 

 

10,345

 

 

 

(9,676

)

 

 

669

 

Total

 

$

126,944

 

 

$

(124,760

)

 

$

2,184

 

 

$

126,944

 

 

$

(123,045

)

 

$

3,899

 

 

Schedule of Other Non-Current Assets

Other non-current assets

 

 

 

As of

 

 

 

June 27, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Non-current deferred income taxes

 

$

61,223

 

 

$

68,323

 

Long-term investments

 

 

10,053

 

 

 

8,395

 

Other

 

 

6,220

 

 

 

6,032

 

Total

 

$

77,496

 

 

$

82,750

 

 

 

Schedule of Changes in Carrying Value of Long-term Investments

The Company's long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt and investments in limited partnership funds. The changes in the carrying value of equity investments without readily determinable fair values during the periods represented were as follows:

 

Six Months Ended

 

 

June 27,

2021

 

 

June 28,

2020

 

 

(In thousands)

 

Carrying value as of the beginning of the period (1)

$

7,758

 

 

$

8,147

 

Additions from purchase of investments

 

340

 

 

 

5,815

 

Impairment

 

 

 

 

(4,530

)

Carrying value as of the end of the period (1)

$

8,098

 

 

$

9,432

 

 

(1)The balances excluded an investment in limited partnership funds of $0.6 million, $0.4 million and $0.6 million as of June 27, 2021, June 28, 2020 and December 31, 2020, respectively. Additionally, the balance as of June 27, 2021 excluded an investment in convertible debt of $1.3 million.

Schedule of Other Accrued Liabilities

Other accrued liabilities

 

 

 

As of

 

 

 

June 27, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Current operating lease liabilities

 

$

8,894

 

 

$

9,149

 

Sales and marketing

 

 

99,597

 

 

 

83,561

 

Warranty obligations

 

 

7,180

 

 

 

9,240

 

Sales returns(1)

 

 

57,897

 

 

 

66,972

 

Freight and duty

 

 

13,567

 

 

 

14,885

 

Other

 

 

35,768

 

 

 

34,568

 

Total

 

$

222,903

 

 

$

218,375

 

 

(1)Inventory expected to be received from future sales returns amounted to $28.0 million and $32.6 million as of June 27, 2021 and December 31, 2020, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $16.5 million and $18.0 million as of June 27, 2021 and December 31, 2020, respectively.