Balance Sheet Components

6 Months Ended

Jun. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

Balance Sheet Components

Short-Term Investments

	As of June 30, 2024								As of December 31, 2023
	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
	(In thousands)
U.S. Treasuries	$	80,939	$	138	$	—	$	81,077	$	79,654	$	320	$	—	$	79,974

Accounts Receivable, Net

	As of
	June 30, 2024		December 31, 2023
	(In thousands)
Gross accounts receivable	$	61,888	$	65,693
Allowance for credit losses	(142)		(333)
Total	$	61,746	$	65,360

    The following table provides a roll-forward of the allowance for credit losses that is deducted from the amortized cost basis of accounts receivable to present the net amount expected to be collected.

	Three Months Ended				Six Months Ended
	June 30, 2024		July 2, 2023		June 30, 2024		July 2, 2023
	(In thousands)
Balance at the beginning of the period	$	218	$	329	$	333	$	423
Release of expected credit losses	(76)		(7)		(191)		(101)
Balance at the end of the period	$	142	$	322	$	142	$	322

Property and Equipment, Net

The components of property and equipment are as follows:

	As of
	June 30, 2024		December 31, 2023
	(In thousands)
Machinery and equipment	$	14,388	$	14,148
Software	15,757		15,639
Computer equipment	867		1,438
Leasehold improvements	4,572		4,661
Furniture and fixtures	2,408		2,544
Total property and equipment, gross	37,992		38,430
Accumulated depreciation	(34,221)		(33,669)
Total property and equipment, net (1)	$	3,771	$	4,761

_________________________

(1)    $0.7 million and $1.0 million of property and equipment, net, was included in the sublease arrangement for the San Jose office building as of June 30, 2024 and December 31, 2023, respectively.

Depreciation expense pertaining to property and equipment was $0.8 million and $1.7 million for the three and six months ended June 30, 2024, respectively, and $1.2 million and $2.4 million for the three and six months ended July 2, 2023, respectively.

Goodwill

We have determined that no event occurred or circumstances changed during the six months ended June 30, 2024 that would more likely than not reduce the fair value of goodwill below the carrying amount. No goodwill impairment was recognized in the six months ended June 30, 2024 and July 2, 2023.

Accrued Liabilities

	As of
	June 30, 2024		December 31, 2023
	(In thousands)
Sales incentives	$	28,228	$	28,187
Sales returns	8,764		17,058
Compensation	15,627		13,278
Cloud and other costs	8,559		10,985
Other	18,846		18,701
Total	$	80,024	$	88,209