OTHER BALANCE SHEET DETAILS

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Inventory

The components of inventory are summarized as follows:


(In thousands)	As of March 31, 2024		As of December 31, 2023
Raw materials	$	25,401	$	23,346
Work in process	76,071		76,963
Finished goods	24,819		25,123
Total inventory	$	126,291	$	125,432

As of March 31, 2024 and December 31, 2023, we had $32.3 million and $36.3 million of long-term inventory, respectively, included within other assets in our condensed consolidated balance sheets as we anticipate it being consumed beyond our normal operating cycle.

Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within our condensed consolidated balance sheets that sum to the total of these amounts shown in the condensed consolidated statements of cash flows:


	As of March 31,
(In thousands)	2024		2023
Cash and cash equivalents	$	681,879	$	672,245
Total restricted cash included in other assets	2,840		2,166
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$	684,719	$	674,411

Accumulated Other Comprehensive (Loss) Income

The following tables summarize the changes in accumulated other comprehensive (loss) income, by component:


(In thousands)	Loss on Investment in Joint Venture		Defined Benefit Pension Plans		Unrealized (Losses) Gains from Debt Securities		Foreign Currency Translation Adjustment		Total Accumulated Other Comprehensive Loss
Balance as of December 31, 2023	$	(32,792)	$	(2,753)	$	1,548	$	10,622	$	(23,375)
Other comprehensive loss before reclassifications	—		—		(6)		(78)		(84)
Amounts reclassified from other comprehensive loss	—		33		(3,562)		—		(3,529)
Net other comprehensive loss	—		33		(3,568)		(78)		(3,613)
Balance as of March 31, 2024	$	(32,792)	$	(2,720)	$	(2,020)	$	10,544	$	(26,988)


(In thousands)	Loss on Investment in Joint Venture		Defined Benefit Pension Plans		Unrealized (Losses) Gains from Debt Securities		Foreign Currency Translation Adjustment		Total Accumulated Other Comprehensive Loss
Balance as of December 31, 2022	$	(32,792)	$	(1,092)	$	(9,470)	$	(1,300)	$	(44,654)
Other comprehensive income before reclassifications	—		—		(9)		1,410		1,401
Amounts reclassified from other comprehensive income	—		(5)		4,134		—		4,129
Net other comprehensive income	—		(5)		4,125		1,410		5,530
Balance as of March 31, 2023	$	(32,792)	$	(1,097)	$	(5,345)	$	110	$	(39,124)

Amounts reclassified out of accumulated other comprehensive (loss) income relate to settlements of marketable debt securities and amortization of our pension obligation which are recorded within other expense, net in the condensed consolidated statements of operations and comprehensive loss.