CALLIDUS SOFTWARE INC - 10-K filing on 2014-03-10

Balance Sheet Components

12 Months Ended

Dec. 31, 2013

Property and equipment consisted of the following (in thousands):



	As of December 31,
	2013		2012
Equipment	$	16,616	$	12,958
Purchased software	6,648		5,094
Furniture and fixtures	1,612		1,540
Leasehold improvements	1,872		1,854
Construction in progress	72		3,340
Property and equipment, gross	26,820		24,786
Less: Accumulated depreciation	15,469		14,206
Property and equipment, net	$	11,351	$	10,580

Depreciation expense for 2013, 2012 and 2011 was $4.5 million, $3.1 million and $3.1 million, respectively.

Property and equipment included a total of $7.3 million and $3.4 million in assets acquired under capital leases for the years ended December 31, 2013 and 2012, respectively. Accumulated amortization relating to capital lease totaled $3.5 million, and $2.3 million for the years ended December 31, 2013 and 2012, respectively. Amortization of assets under capital leases is included in depreciation expense.

Prepaids and other current assets consisted of the following (in thousands):



	As of December 31,
	2013		2012
Convertible debt issuance costs, current portion	129		536
Prepaid taxes	403		362
Deferred costs	3,381		2,992
Prepaid insurance	293		540
Prepaid expenses	1,945		1,858
Other current assets	81		430
Total prepaid and other current assets	$	6,232	$	6,718

Accrued payroll and related expenses consisted of the following (in thousands):



	As of December 31,
	2013		2012
Vacation accrual	$	2,139	$	1,874
Commissions	2,177		1,823
Bonus	1,262		381
ESPP	686		636
Severance liability	252		589
Accrued payroll related expenses	861		551
Total accrued payroll related expenses	$	7,377	$	5,854

Accrued expenses consisted of the following (in thousands):



	As of December 31,
	2013		2012
Sales tax payable	$	1,099	$	684
Accrued interest payable	60		234
Income taxes payable	87		95
Restructuring facility liability	98		49
Accrued expenses	4,051		7,102
Total accrued expenses	$	5,395	$	8,164