Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements

ASC 606 requires us to provide additional disclosures of the amount by which each financial statement line item is affected in the current reporting period during 2018 as compared to the guidance that was in effect in 2017, and an explanation of the reasons for significant changes. Such information is as follows:

Consolidated Statement of Operations	Three months ended March 31, 2018
(In thousands, except per share data)	As reported under new standard		Adjustments		Pro forma as if previous standard was in effect
Product revenue	95,109		(8,265	)	86,844
Licensing and services revenue	3,514		(1,212	)	2,302
Cost of product revenue	42,102		(3,819	)	38,283
Net loss	(5,952	)	(5,658	)	(11,610	)
Net loss per share, basic and diluted	(0.05	)	(0.04	)	(0.09	)

Consolidated Balance Sheets	As of March 31, 2018
(In thousands)	As reported under new standard		Adjustments		Pro forma as if previous standard was in effect
Accounts receivable, net of allowance for doubtful accounts	65,779		15,567		81,346
Inventories	77,917		(808	)	77,109
Prepaid expenses and other current assets	25,405		(9,102	)	16,303
Total assets	644,833		5,657		650,490
Accounts payable and accrued expenses (includes restructuring)	55,274		43		55,317
Deferred income and allowances on sales to distributors	—		38,673		38,673
Accumulated deficit	(456,413	)	(33,059	)	(489,472	)
Total liabilities and stockholders' equity	644,833		5,657		650,490

Consolidated Statement of Cash Flows	Three months ended March 31, 2018
(In thousands)	As reported under new standard		Adjustments		Pro forma as if previous standard was in effect
Cash flows from operating activities:
Net loss	(5,952	)	(5,658	)	(11,610	)
Accounts receivable, net	(8,867	)	(17,375	)	(26,242	)
Inventories	2,356		438		2,794
Prepaid expenses and other assets	(3,253	)	1,587		(1,666	)
Accounts payable and accrued expenses (includes restructuring)	1,567		(415	)	1,152
Deferred income and allowances on sales to distributors	—		21,423		21,423

Disaggregation of revenue

The following tables provide information about revenue from contracts with customers disaggregated by major class of revenue and by geographical market, based on ship-to location of the end customer, where available, and ship-to location of distributor otherwise:

Major Class of Revenue	Three Months Ended
(In thousands)	March 31, 2018	April 1, 2017 *
Product revenue - Distributors	85,957	74,080
Product revenue - Direct	9,152	18,589
Licensing and services revenue	3,514	11,918
Total revenue	98,623	104,587
Revenue by Geographical Market	Three Months Ended
(In thousands)	March 31, 2018	April 1, 2017 *
Asia	71,921	73,458
Europe	12,142	11,080
Americas	14,560	20,049
Total revenue	98,623	104,587
* As noted above, prior period amounts have not been adjusted under the modified retrospective method of adopting ASC 606 and, therefore,
are presented under GAAP in effect during that period.