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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 28,452 $ 42,032
Accounts receivable, net of allowances of $1,808 and $569 at December 31, 2015 and 2014, respectively 46,099 45,119
Inventory 40,800 21,590
Prepaid expenses and other 6,417 6,155
Total current assets 121,768 114,896
Property and equipment, net 32,118 30,824
Goodwill 3,745 3,745
Intangibles, net 2,220 1,811
Other assets 5,677 916
Total assets 165,528 152,192
Current liabilities:    
Accounts payable 25,569 22,316
Accrued liabilities 19,292 26,036
Deferred revenues 3,915 2,747
Warranty obligations, current portion (includes $2,601 and $1,125 measured at fair value at December 31, 2015 and 2014, respectively) 7,072 7,607
Borrowings under revolving credit facility 17,000 0
Total current liabilities 72,848 58,706
Deferred revenues, non-current 25,115 16,612
Warranty obligations, non-current (includes $3,581 and $2,437 measured at fair value at December 31, 2015 and 2014, respectively) 23,475 26,333
Other non-current liabilities 2,641 3,589
Total liabilities $ 124,079 $ 105,240
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000 shares authorized; none issued and outstanding $ 0 $ 0
Common stock, $0.00001 par value, 100,000 shares authorized; 45,821 and 43,756 shares issued and outstanding at December 31, 2015 and 2014, respectively 0 0
Additional paid-in capital 224,732 208,022
Accumulated deficit (183,073) (160,991)
Accumulated other comprehensive loss (210) (79)
Total stockholders’ equity 41,449 46,952
Total liabilities and stockholders’ equity $ 165,528 $ 152,192