Certain Balance Sheet Components (Tables)

12 Months Ended

Dec. 31, 2019

Balance Sheet Related Disclosures [Abstract]

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



	December 31,
	2019		2018
Inventories, net:
Raw materials	$	4,179	$	1,705
Work-in-process	1,633		991
Finished goods	14,080		12,267
Service-related spares	9,150		10,675
Total	$	29,042	$	25,638

Prepaid Expenses and Other Current Assets



	December 31,
	2019		2018
Prepaid expenses and other current assets:
Contract assets ⁽¹⁾	$	13,969	3,834
French R&D tax credits receivable ⁽²⁾	7,343		$	7,305
Deferred cost of revenue	2,631		3,671
Prepaid maintenance, royalty, rent, and property taxes	1,594		3,497
Capitalized commission	1,309		1,098
Other	13,916		3,875
Total	$	40,762	$	23,280

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

(2) The Company’s French Subsidiary participates in the French Crédit d’Impôt Recherche (“CIR”) 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 and during the year ended December 31, 2019 and 2018, the French government approved the 2015 and 2014 claims and refunded $6.4 million to the French Subsidiary in each of the periods, respectively. The remaining R&D tax credits receivable at December 31, 2019 were approximately $23.2 million and are expected to be recoverable from 2020 through 2023 with $7.3 million reported as a component of “Prepaid and other Current Assets” and $15.9 million reported as a component of “Other Long-term Assets” on the Company’s Consolidated Balance Sheets.

Property and Equipment



	December 31,
	2019			2018
Property and equipment, net:
Machinery and equipment	$	75,229		$	75,094
Capitalized software	34,190			32,696
Leasehold improvements	15,170			14,951
Furniture and fixtures	6,036			6,049
Construction in progress	5,506			—
Property and equipment, gross	136,131			128,790
Less: accumulated depreciation and amortization	(113,203		)	(106,469		)
Total	$	22,928		$	22,321

Other long-term assets



	December 31,
	2019		2018
Other long-term assets:
French R&D tax credits receivable	$	15,899	$	19,249
Deferred tax assets	10,575		8,695
Equity investment	3,593		3,593
Other	11,238		6,840
Total	$	41,305	$	38,377

Accrued and other current liabilities



	December 31,
	2019		2018
Accrued and other current liabilities:
Accrued employee compensation and related expenses	$	19,454	$	21,451
Operating lease liability (short-term)	8,881		—
Accrued warranty	4,308		4,869
Customer deposits	3,557		4,642
Accrued royalty payments	2,642		1,998
Contingent inventory reserves	2,208		2,500
Accrued French VDP, current ⁽¹⁾	2,055		1,585
Accrued Avid litigation settlement fees, current	2,000		1,500
Other	17,430		14,216
Total	$	62,535	$	52,761

(1) See Note 11, “Restructuring and Related Charges,” for additional information on the Company’s French VDP liabilities.

Other non-current liabilities



	December 31,
	2019		2018
Other non-current liabilities:
Operating lease liability (long-term)	$	25,766	$	—
Deferred revenue (long-term)	6,333		5,330
Others	9,155		12,898
Total	$	41,254	$	18,228