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.
|