Balance Sheet Components (Tables)
|
3 Months Ended |
Mar. 31, 2024 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Summary of Property, Plant and Equipment |
Property and equipment, net consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2024 |
|
December 31,
2023 |
| Equipment |
$ |
89,723 |
|
|
$ |
84,639 |
|
| Buildings |
22,186 |
|
|
21,384 |
|
| Leasehold improvements |
20,296 |
|
|
18,771 |
|
| Computer software |
15,408 |
|
|
15,114 |
|
| Molds and tooling |
16,951 |
|
|
16,306 |
|
| Land |
6,270 |
|
|
6,270 |
|
| Vehicles and aircraft |
1,778 |
|
|
1,617 |
|
| Furniture and fixtures |
875 |
|
|
640 |
|
| Construction in-progress |
4,073 |
|
|
6,055 |
|
| Gross property and equipment |
177,560 |
|
|
170,796 |
|
| Accumulated depreciation and amortization |
(73,954) |
|
|
(67,366) |
|
| Property and equipment, net |
$ |
103,606 |
|
|
$ |
103,430 |
|
|
| Schedule of Intangible Assets |
The intangible assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2024 |
|
December 31,
2023 |
| Automation platform software |
$ |
7,200 |
|
|
$ |
7,200 |
|
| Multimodal software technology |
4,900 |
|
|
4,900 |
|
| System simulation software technology |
4,600 |
|
|
4,600 |
|
| Other intangibles |
5,328 |
|
|
5,328 |
|
| Gross intangible assets |
22,028 |
|
|
22,028 |
|
| Accumulated amortization |
(17,015) |
|
|
(15,443) |
|
| Intangible assets, net |
$ |
5,013 |
|
|
$ |
6,585 |
|
|
| Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets |
The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of March 31, 2024 (in thousands):
|
|
|
|
|
|
| Fiscal Year |
Amount |
2024 (remainder) |
$ |
2,846 |
|
| 2025 |
2,167 |
|
|
$ |
5,013 |
|
|
| Schedule of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2024 |
|
December 31,
2023 |
| Prepaid equipment |
$ |
3,694 |
|
|
$ |
3,471 |
|
| Prepaid software |
6,866 |
|
|
3,809 |
|
| Prepaid taxes |
2,067 |
|
|
1,603 |
|
| Prepaid insurance |
3,984 |
|
|
6,192 |
|
| Other |
4,252 |
|
|
3,767 |
|
| Total |
$ |
20,863 |
|
|
$ |
18,842 |
|
|
| Schedule of Other Noncurrent Assets |
Other non-current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2024 |
|
December 31,
2023 |
| Contractual agreement asset |
$ |
59,611 |
|
|
$ |
59,611 |
|
| Long term prepaid insurance |
373 |
|
|
413 |
|
| Other non-current assets |
695 |
|
|
586 |
|
| Total |
$ |
60,679 |
|
|
$ |
60,610 |
|
|
| Schedule of Accrued and Other Liabilities |
Accrued and other current liabilities consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2024 |
|
December 31,
2023 |
| Vendor related accruals |
$ |
10,947 |
|
|
$ |
11,391 |
|
| Payroll accruals including performance related stock based compensation |
8,098 |
|
|
16,265 |
|
| Contract liabilities under contracts with customers |
3,218 |
|
|
2,534 |
|
| Deferred research and development credits |
$ |
3,552 |
|
|
3,633 |
|
| Other accruals and current liabilities |
4,202 |
|
|
3,995 |
|
| Total |
$ |
30,017 |
|
|
$ |
37,818 |
|
|