| Balance Sheet Details |
7. BALANCE SHEET DETAILS
Trade receivables, net consist of the following (in thousands):
|
|
March 31,
2015 |
|
|
December 31,
2014 |
|
|
Gross accounts receivables |
$ |
214,707 |
|
|
$ |
214,664 |
|
|
Returns and related reserves |
|
(42,643 |
) |
|
|
(42,224 |
) |
|
Allowance for doubtful accounts |
|
(2,968 |
) |
|
|
(3,040 |
) |
|
Total |
$ |
169,096 |
|
|
$ |
169,400 |
|
Inventories consist of the following (in thousands):
|
|
March 31,
2015 |
|
|
December 31,
2014 |
|
|
Raw materials |
$ |
1,203 |
|
|
$ |
1,496 |
|
|
Work in process |
|
1,048 |
|
|
|
545 |
|
|
Finished goods |
|
91,691 |
|
|
|
98,287 |
|
|
Total |
$ |
93,942 |
|
|
$ |
100,328 |
|
Prepaid expenses and other current assets consist of the following (in thousands):
|
|
March 31,
2015 |
|
|
December 31,
2014 |
|
|
Non-trade receivables |
$ |
7,212 |
|
|
$ |
6,547 |
|
|
Prepaid expenses |
|
37,303 |
|
|
|
37,385 |
|
|
Derivative assets |
|
22,808 |
|
|
|
14,342 |
|
|
Other current assets |
|
2,932 |
|
|
|
2,798 |
|
|
Total |
$ |
70,255 |
|
|
$ |
61,072 |
|
Deferred revenue consists of the following (in thousands):
|
|
March 31,
2015 |
|
|
December 31,
2014 |
|
|
Short-term: |
|
|
|
|
|
|
|
|
Service |
$ |
175,509 |
|
|
$ |
171,355 |
|
|
Product |
|
19 |
|
|
|
94 |
|
|
License |
|
2,455 |
|
|
|
2,083 |
|
|
Total |
$ |
177,983 |
|
|
$ |
173,532 |
|
|
Long-term: |
|
|
|
|
|
|
|
|
Service |
$ |
83,433 |
|
|
$ |
85,925 |
|
|
License |
|
3,301 |
|
|
|
3,441 |
|
|
Total |
$ |
86,734 |
|
|
$ |
89,366 |
|
Changes in the deferred service revenue are as follows (in thousands):
|
|
Three Months Ended |
|
|
|
March 31,
2015 |
|
|
March 31,
2014 |
|
|
Balance at beginning of period |
$ |
257,280 |
|
|
$ |
253,793 |
|
|
Additions to deferred service revenue |
|
87,848 |
|
|
|
85,894 |
|
|
Amortization of deferred service revenue |
|
(86,186 |
) |
|
|
(86,643 |
) |
|
Balance at end of period |
$ |
258,942 |
|
|
$ |
253,044 |
|
Other accrued liabilities consist of the following (in thousands):
|
|
March 31,
2015 |
|
|
December 31,
2014 |
|
|
Accrued expenses |
$ |
22,902 |
|
|
$ |
27,523 |
|
|
Accrued co-op expenses |
|
3,106 |
|
|
|
4,102 |
|
|
Restructuring reserves |
|
13,320 |
|
|
|
12,207 |
|
|
Warranty obligations |
|
11,304 |
|
|
|
11,613 |
|
|
Derivative liabilities |
|
12,651 |
|
|
|
8,175 |
|
|
Employee stock purchase plan withholdings |
|
4,302 |
|
|
|
10,658 |
|
|
Other accrued liabilities |
|
14,376 |
|
|
|
11,915 |
|
|
Total |
$ |
81,961 |
|
|
$ |
86,193 |
|
Changes in the warranty obligation are as follows (in thousands):
|
|
Three Months Ended |
|
|
|
March 31,
2015 |
|
|
March 31,
2014 |
|
|
Balance at beginning of period |
$ |
11,613 |
|
|
$ |
9,475 |
|
|
Accruals for warranties issued during the period |
|
3,341 |
|
|
|
4,165 |
|
|
Actual charges against warranty reserve during the period |
|
(3,650 |
) |
|
|
(3,634 |
) |
|
Balance at end of period |
$ |
11,304 |
|
|
$ |
10,006 |
|
|