XML 21 R11.htm IDEA: XBRL DOCUMENT v3.20.2
Balance Sheet Components
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components
4. Balance Sheet Components
Allowance for Credit Losses - Accounts Receivable
The Company’s allowance for credit losses related to accounts receivable balances was comprised of the following (in thousands):
Balance At
Beginning Of Period
Write-offsProvision for
credit loss
Balance At
End Of Period
January 1, 2020 (1)
$2,946  $(2,361) $1,307  $1,892  
January 1, 2020 - March 31, 2020 (2)
$1,892  $—  $163  $2,055  
April 1, 2020 - June 30, 2020 (2)
$2,055  $—  $21  $2,076  

(1) On January 1, 2020, the Company recorded a $1.3 million adjustment to opening retained earnings upon the adoption of ASU 2016-13.
(2) The Company recorded a $0.2 million allowance for credit losses during the six months ended June 30, 2020. The allowance for credit losses recorded during the three months ended June 30, 2020 was not material.
Inventories
The following table shows the components of inventories as of June 30, 2020 and December 31, 2019 (in thousands):
 June 30, 2020December 31, 2019
Raw materials$27,823  $21,646  
Work in process16,010  21,651  
Finished goods139,609  109,695  
Inventories$183,442  $152,992  
Accrued Liabilities
The following table shows the components of accrued liabilities as of June 30, 2020 and December 31, 2019 (in thousands):
 June 30, 2020December 31, 2019
Payroll and employee-related cost$32,035  $37,727  
Accrued expenses9,081  7,811  
Sales return provision1,821  1,821  
Product warranty2,416  2,318  
Other acquisition-related costs(1)
3,000  4,291  
Other accrued liabilities9,365  13,662  
Total accrued liabilities$57,718  $67,630  

(1) Amount consists of a contingent liability related to an anti-dilution provision from the asset acquisition of MVI Health Inc. (“MVI”) in 2018.
The following table shows the changes in the Company’s estimated product warranty accrual, included in accrued liabilities, as of June 30, 2020 and December 31, 2019 (in thousands):
 June 30, 2020December 31, 2019
Balance at the beginning of the period$2,318  $1,875  
Accruals of warranties issued485  1,065  
Settlements of warranty claims(387) (622) 
Balance at the end of the period$2,416  $2,318  
Other Non-Current Liabilities
The following table shows the components of other non-current liabilities as of June 30, 2020 and December 31, 2019 (in thousands):
 June 30, 2020December 31, 2019
Deferred tax liabilities$4,033  $4,005  
Licensing-related cost(1)
—  10,878  
Other non-current liabilities3,267  367  
Total other non-current liabilities$7,300  $15,250  

(1) Amount relates to the non-current liability recorded for probable future milestone payments associated with the indefinite-lived intangible assets related to licensed technology described in Note “6. Intangible Assets.” Refer therein for more information.