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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 34,942 $ 49,646
Restricted cash 628 628
Accounts receivable, net 60,186 67,026
Inventory 45,360 50,151
Prepaid expenses and other current assets 7,094 7,306
Total current assets 148,210 174,757
Property and equipment, net 29,105 24,945
Right-of-use operating leases 16,422 0
Goodwill 116,175 116,175
Other assets 1,336 1,203
Total assets 311,248 317,080
Current liabilities:    
Accounts payable 37,522 40,209
Accrued liabilities 47,657 57,869
Deferred revenue 18,528 15,600
Line of credit 25,000 30,000
Total current liabilities 128,707 143,678
Long-term portion of deferred revenue 17,792 17,496
Operating leases 15,045 0
Other long-term liabilities 2,498 3,972
Total liabilities 164,042 165,146
Commitments and contingencies (See Note 6)
Stockholders’ equity:    
Preferred stock, $0.025 par value; 5,000 shares authorized; no shares issued and outstanding as of June 29, 2019 and December 31, 2018 0 0
Common stock, $0.025 par value; 100,000 shares authorized; 60,773 shares issued and 55,443 shares outstanding as of June 29, 2019, and 59,285 shares issued and 53,955 shares outstanding as of December 31, 2018 1,520 1,482
Additional paid-in capital 886,076 876,073
Accumulated other comprehensive loss (710) (753)
Accumulated deficit (699,694) (684,882)
Treasury stock, 5,330 shares as of June 29, 2019 and December 31, 2018 (39,986) (39,986)
Total stockholders’ equity 147,206 151,934
Total liabilities and stockholders’ equity $ 311,248 $ 317,080