Balance Sheet Components (Tables)
|
6 Months Ended |
Jun. 28, 2026 |
|---|
| Balance Sheet Related Disclosures [Abstract] |
|
| Schedule of Amortized Cost and Estimated Fair Market Value of Investments Classified as Available-for-Sale Excluding Cash Equivalents |
Amortized cost and estimated fair market value of investments classified as available-for-sale, excluding cash equivalents, as of June 28, 2026 and December 31, 2025, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 28, 2026 |
|
(In thousands) |
|
|
Amortized Cost |
|
|
|
Unrealized
Gains |
|
|
|
Unrealized
Losses |
|
|
|
Estimated
Fair Value |
|
U.S. treasury securities |
|
$ |
|
90,182 |
|
|
$ |
|
- |
|
|
$ |
|
(83 |
) |
|
$ |
|
90,099 |
|
Total |
|
$ |
|
90,182 |
|
|
$ |
|
- |
|
|
$ |
|
(83 |
) |
|
$ |
|
90,099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
(In thousands) |
|
|
Amortized Cost |
|
|
|
Unrealized
Gains |
|
|
|
Unrealized
Losses |
|
|
|
Estimated
Fair Value |
|
U.S. treasury securities |
|
$ |
|
110,048 |
|
|
$ |
|
162 |
|
|
$ |
|
— |
|
|
$ |
|
110,210 |
|
Total |
|
$ |
|
110,048 |
|
|
$ |
|
162 |
|
|
$ |
|
— |
|
|
$ |
|
110,210 |
|
|
| Schedule of Inventories |
Inventories
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
June 28, 2026 |
|
|
|
December 31, 2025 |
|
Raw materials |
|
$ |
|
10,297 |
|
|
$ |
|
8,828 |
|
Finished goods |
|
|
|
164,636 |
|
|
|
|
167,628 |
|
Total |
|
$ |
|
174,933 |
|
|
$ |
|
176,456 |
|
|
| Schedule of Property and Equipment, Net |
Property and equipment, net
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
June 28, 2026 |
|
|
|
December 31, 2025 |
|
Machinery and equipment |
|
$ |
|
56,188 |
|
|
$ |
|
54,007 |
|
Furniture and fixtures |
|
|
|
3,647 |
|
|
|
|
3,482 |
|
Leasehold improvements |
|
|
|
21,760 |
|
|
|
|
21,475 |
|
Software |
|
|
|
21,909 |
|
|
|
|
21,642 |
|
Computer equipment |
|
|
|
3,719 |
|
|
|
|
3,370 |
|
Total property and equipment, gross |
|
|
|
107,223 |
|
|
|
|
103,976 |
|
Accumulated depreciation |
|
|
|
(81,845 |
) |
|
|
|
(77,975 |
) |
Total |
|
$ |
|
25,378 |
|
|
$ |
|
26,001 |
|
|
| Schedule of Intangibles, Net |
Intangible Assets, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 28, 2026 |
|
|
|
December 31, 2025 |
|
(In thousands) |
|
Gross |
|
|
|
Accumulated
Amortization |
|
|
|
Accumulated Impairment |
|
|
|
Net |
|
|
|
Gross |
|
|
|
Accumulated
Amortization |
|
|
|
Accumulated Impairment |
|
|
|
Net |
|
Technology |
$ |
|
39,594 |
|
|
$ |
|
(3,996 |
) |
|
$ |
|
— |
|
|
$ |
|
35,598 |
|
|
$ |
|
39,594 |
|
|
$ |
|
(1,166 |
) |
|
$ |
|
— |
|
|
$ |
|
38,428 |
|
Other |
|
|
60 |
|
|
|
|
(15 |
) |
|
|
|
— |
|
|
|
|
45 |
|
|
|
|
60 |
|
|
|
|
(8 |
) |
|
|
|
— |
|
|
|
|
52 |
|
Total |
$ |
|
39,654 |
|
|
$ |
|
(4,011 |
) |
|
$ |
|
— |
|
|
$ |
|
35,643 |
|
|
$ |
|
39,654 |
|
|
$ |
|
(1,174 |
) |
|
$ |
|
— |
|
|
$ |
|
38,480 |
|
|
| Schedule of Other Non-Current Assets |
Other non-current assets
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
June 28, 2026 |
|
|
|
December 31, 2025 |
|
Non-current deferred income taxes |
|
$ |
|
2,212 |
|
|
$ |
|
2,386 |
|
Long-term investments |
|
|
|
8,782 |
|
|
|
|
8,732 |
|
Restricted cash |
|
|
|
2,100 |
|
|
|
|
2,102 |
|
Other |
|
|
|
3,753 |
|
|
|
|
3,551 |
|
Total |
|
$ |
|
16,847 |
|
|
$ |
|
16,771 |
|
|
| Schedule of Other Current and Non-current Accrued Liabilities |
Other current accrued liabilities
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
June 28, 2026 |
|
|
|
December 31, 2025 |
|
Current operating lease liabilities |
|
$ |
|
10,306 |
|
|
$ |
|
9,933 |
|
Sales and marketing |
|
|
|
67,259 |
|
|
|
|
61,144 |
|
Warranty obligations |
|
|
|
5,286 |
|
|
|
|
5,928 |
|
Sales returns(1) |
|
|
|
20,605 |
|
|
|
|
24,435 |
|
Freight and duty |
|
|
|
4,269 |
|
|
|
|
4,518 |
|
Current deferred consideration(2) |
|
|
|
9,683 |
|
|
|
|
8,355 |
|
Other |
|
|
|
31,781 |
|
|
|
|
29,715 |
|
Total |
|
$ |
|
149,189 |
|
|
$ |
|
144,028 |
|
(1)Inventory expected to be received from future sales returns amounted to $9.1 million and $10.8 million as of June 28, 2026 and December 31, 2025, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $7.2 million and $7.9 million as of June 28, 2026 and December 31, 2025, respectively. (2)The balance represented current deferred consideration related to the acquisition of a perpetual software license. Refer to “Intangible Assets, net” above for additional information. Other non-current accrued liabilities
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
June 28, 2026 |
|
|
|
December 31, 2025 |
|
Non-current deferred consideration(1) |
|
$ |
|
29,904 |
|
|
$ |
|
34,921 |
|
Non-current deferred revenue |
|
|
|
3,990 |
|
|
|
|
4,206 |
|
Other |
|
|
|
774 |
|
|
|
|
908 |
|
Total |
|
$ |
|
34,668 |
|
|
$ |
|
40,035 |
|
(1)The balance represented non-current deferred consideration related to the acquisition of a perpetual software license. Refer to “Intangible Assets, net” above for additional information.
|