COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS

9 Months Ended

Sep. 30, 2023

COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS

COMPONENTS OF THE COMPANY'S CONDENSED CONSOLIDATED BALANCE SHEETS

3. COMPONENTS OF THE COMPANY’S CONDENSED CONSOLIDATED BALANCE SHEETS:

Accounts Receivable

	September 30,		December 31,
(In thousands)	2023		2022
Accounts receivable trade	$	76,507	$	78,914
Allowance for ship and debit		(44,089)		(53,184)
Allowance for stock rotation and rebate		(3,198)		(3,759)
Allowance for credit losses		(681)		(1,135)
Total	$	28,539	$	20,836

The Company maintains an allowance for estimated credit losses resulting from the inability of customers to make required payments. This allowance is established using estimates formulated by the Company’s management based upon factors such as the composition of the accounts receivable aging, historical losses, changes in payment patterns, customer creditworthiness and current economic trends. Receivables determined to be uncollectible are written off and deducted from the allowance.

	Allowance for Credit Losses
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2023		2022		2023		2022
Beginning balance	$	(681)	$	(704)	$	(1,135)	$	(445)
Provision for credit loss expense		(671)		(967)		(1,498)		(1,585)
Receivables written off		—		49		—		49
Recoveries collected		671		487		1,952		846
Ending balance	$	(681)	$	(1,135)	$	(681)	$	(1,135)

Inventories

	September 30,		December 31,
(In thousands)	2023		2022
Raw materials	$	87,904	$	75,355
Work-in-process		25,187		15,440
Finished goods		37,155		44,625
Total	$	150,246	$	135,420

Intangible Assets

	September 30, 2023						December 31, 2022
			Accumulated						Accumulated
(In thousands)	Gross		Amortization		Net		Gross		Amortization		Net
Domain name	$	1,261	$	—	$	1,261	$	1,261	$	—	$	1,261
Developed technology		37,960		(34,977)		2,983		37,960		(33,531)		4,429
Technology licenses		1,926		(1,203)		723		1,926		(1,019)		907
Total intangible assets	$	41,147	$	(36,180)	$	4,967	$	41,147	$	(34,550)	$	6,597

The estimated future amortization expense related to finite-lived intangible assets at September 30, 2023, is as follows:

	Estimated
	Amortization
Fiscal Year	(In thousands)
2023 (remaining three months)	$	543
2024		1,279
2025		832
2026		687
2027		365
Total	$	3,706

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss for the three and nine months ended September 30, 2023 and 2022, were as follows:

	Unrealized Gains
	and Losses on				Defined Benefit						Foreign Currency
	Marketable Securities				Pension Items						Items				Total
	Three Months Ended				Three Months Ended						Three Months Ended				Three Months Ended
	September 30,				September 30,						September 30,				September 30,
(In thousands)	2023		2022		2023			2022			2023		2022		2023		2022
Beginning balance	$	(3,295)	$	(6,506)	$	821		$	(633)		$	(3,283)	$	(2,921)	$	(5,757)	$	(10,060)
Other comprehensive income (loss) before reclassifications		455		(731)		—			—			(407)		(1,044)		48		(1,775)
Amounts reclassified from accumulated other comprehensive loss		—		—		(21)	(1)		18	(1)		—		—		(21)		18
Net-current period other comprehensive income (loss)		455		(731)		(21)			18			(407)		(1,044)		27		(1,757)
Ending balance	$	(2,840)	$	(7,237)	$	800		$	(615)		$	(3,690)	$	(3,965)	$	(5,730)	$	(11,817)

(1) This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the three months ended September 30, 2023 and 2022.

	Unrealized Gains
	and Losses on				Defined Benefit						Foreign Currency
	Marketable Securities				Pension Items						Items				Total
	Nine Months Ended				Nine Months Ended						Nine Months Ended				Nine Months Ended
	September 30,				September 30,						September 30,				September 30,
(In thousands)	2023		2022		2023			2022			2023		2022		2023		2022
Beginning balance	$	(5,323)	$	(1,165)	$	862		$	(674)		$	(2,883)	$	(1,898)	$	(7,344)	$	(3,737)
Other comprehensive income (loss) before reclassifications		2,483		(6,072)		—			—			(807)		(2,067)		1,676		(8,139)
Amounts reclassified from accumulated other comprehensive loss		—		—		(62)	(1)		59	(1)		—		—		(62)		59
Net-current period other comprehensive income (loss)		2,483		(6,072)		(62)			59			(807)		(2,067)		1,614		(8,080)
Ending balance	$	(2,840)	$	(7,237)	$	800		$	(615)		$	(3,690)	$	(3,965)	$	(5,730)	$	(11,817)

(1) This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost for the nine months ended September 30, 2023 and 2022.