Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements

Such information is as follows:

Condensed Consolidated Statement of Operations
	Three months ended June 30, 2018						Six months ended June 30, 2018
(In thousands, except per share data)	As reported under new standard		Adjustments		Pro forma as if previous standard was in effect		As reported under new standard		Adjustments		Pro forma as if previous standard was in effect
Product revenue	98,294		(4,084	)	94,210		193,403		(12,349	)	181,054
Licensing and services revenue	4,421		4,399		8,820		7,935		3,187		11,122
Cost of product revenue	52,208		(1,725	)	50,483		94,310		(5,544	)	88,766
Net (loss) income	(20,223	)	2,040		(18,183	)	(26,175	)	(3,618	)	(29,793	)
Net (loss) income per share, basic and diluted	(0.16	)	0.01		(0.15	)	(0.21	)	(0.03	)	(0.24	)

Condensed Consolidated Balance Sheets
	As of June 30, 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	76,566		9,561		86,127
Inventories	65,586		(615	)	64,971
Prepaid expenses and other current assets	21,729		(4,472	)	17,257
Total assets	623,204		4,474		627,678
Accounts payable and accrued expenses (includes restructuring)	53,500		(28	)	53,472
Deferred income and allowances on sales to distributors	—		35,521		35,521
Accumulated deficit	(476,636	)	(31,019	)	(507,655	)
Total liabilities and stockholders' equity	623,204		4,474		627,678

Condensed Consolidated Statement of Cash Flows
	Six months ended June 30, 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	(26,175	)	(3,618	)	(29,793	)
Accounts receivable, net	(19,654	)	(11,369	)	(31,023	)
Inventories	14,687		245		14,932
Prepaid expenses and other assets	(7,891	)	(3,043	)	(10,934	)
Accounts payable and accrued expenses (includes restructuring)	7,095		(486	)	6,609
Deferred income and allowances on sales to distributors	—		18,271		18,271

Contracts with Customers

The following table summarizes the activity for our contract assets during the first six months of fiscal 2018:

(In thousands)
Balance as of December 31, 2017	$	7,515
Revenues recorded during the period	4,711
Transferred to accounts receivable or collected	(7,754		)
Balance as of June 30, 2018	$	4,472

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		Six Months Ended
	(In thousands)	June 30, 2018	July 1, 2017 *	June 30, 2018	July 1, 2017 *
	Product revenue - Distributors	88,790	71,570	174,747	145,650
	Product revenue - Direct	9,504	11,598	18,656	30,187
	Licensing and services revenue	4,421	10,969	7,935	22,887
	Total revenue	102,715	94,137	201,338	198,724
	Revenue by Geographical Market	Three Months Ended		Six Months Ended
	(In thousands)	June 30, 2018	July 1, 2017 *	June 30, 2018	July 1, 2017 *
	Asia	77,899	64,946	149,820	138,404
	Europe	12,162	10,579	24,304	21,659
	Americas	12,654	18,612	27,214	38,661
	Total revenue	102,715	94,137	201,338	198,724
*	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.