BALANCE SHEET COMPONENTS

The following tables provide details of selected balance sheet components (in thousands):



	September 27, 2019			December 31, 2018
Accounts receivable, net:
Accounts receivable	$	103,460		$	85,292
Less: allowances for doubtful accounts and sales returns	(2,555		)	(3,497		)
Total	$	100,905		$	81,795



	September 27, 2019		December 31, 2018
Inventories:
Raw materials	$	1,218	$	1,705
Work-in-process	1,329		991
Finished goods	16,377		12,267
Service-related spares	10,046		10,675
Total	$	28,970	$	25,638



	September 27, 2019		December 31, 2018
Prepaid expenses and other current assets:
Deferred cost of revenue	$	9,290	$	3,671
Prepaid expenses	7,595		4,834
French R&D tax credits receivable⁽¹⁾	7,172		7,305
Contract assets⁽²⁾	6,774		3,834
Capitalized sales commissions	1,378		1,098
Other	8,108		2,538
Total	$	40,317	$	23,280

(1) The Company’s TVN subsidiary in France (the “TVN French Subsidiary”) participates in the French Crédit d’Impôt Recherche program (the “R&D tax credits”) which allows companies to monetize eligible research expenses. The R&D tax credits can be used to offset against income tax payable to the French government in each of the four years after being incurred, or if not utilized, are recoverable in cash. The amount of R&D tax credits recoverable are subject to audit by the French government. The R&D tax credits receivable at September 27, 2019 were approximately $22.3 million and are expected to be recoverable from 2020 through 2023.

(2) Contract assets reflect the satisfied performance obligations for which the Company does not yet have an unconditional right to consideration.



	September 27, 2019			December 31, 2018
Property and equipment, net:
Machinery and equipment	$	75,321		$	75,094
Capitalized software	33,760			32,696
Leasehold improvements	15,050			14,951
Furniture and fixtures	6,001			6,049
Property and equipment, gross	130,132			128,790
Less: accumulated depreciation and amortization	(111,231		)	(106,469		)
Total	$	18,901		$	22,321



	September 27, 2019		December 31, 2018
Other long-term assets:
French R&D tax credits receivable	$	15,131	$	19,249
Deferred tax assets	8,500		8,695
Equity investment	3,593		3,593
Other	12,248		6,840
Total	$	39,472	$	38,377



	September 27, 2019		December 31, 2018
Accrued and other current liabilities:
Accrued employee compensation and related expenses	$	17,270	$	21,451
Operating lease liability (short-term)	9,453		—
Accrued warranty	4,581		4,869
Contingent inventory reserves	2,143		2,500
Accrued Avid litigation settlement, current	2,000		1,500
Accrued TVN VDP, current ⁽³⁾	1,106		1,585
Others	22,707		20,856
Total	$	59,260	$	52,761

(3) See Note 10, “Restructuring and related charges-TVN VDP,” for additional information on the Company’s TVN VDP liabilities.



	September 27, 2019		December 31, 2018
Other non-current liabilities:
Operating lease liability (long-term)	$	25,395	$	—
Deferred revenue (long-term)	6,944		5,330
Others	7,497		12,898
Total	$	39,836	$	18,228