BALANCE SHEET COMPONENTS (Tables)

6 Months Ended

Jun. 30, 2019



	June 30, 2019			December 31, 2018
	(in thousands)
Accounts receivable, net:
Accounts receivable, gross	$	209,851		$	156,525
Less: unearned distribution price adjustments allowance	(9,000		)	(5,400		)
Less: allowance for doubtful accounts	(500		)	(500		)
	$	200,351		$	150,625
Inventories:
Raw materials	$	19,331		$	19,391
Work-in-process	32,580			39,425
Finished goods	37,739			45,565
	$	89,650		$	104,381
Property and equipment, net:
Computer, equipment, and software	$	189,505		$	180,125
Furniture and fixtures	1,886			2,140
Leasehold improvements	50,057			46,179
	241,448			228,444
Less: Accumulated depreciation and amortization	(133,306		)	(123,110		)
	$	108,142		$	105,334
Other long-term assets:
Right of use assets	$	62,376		$	—
Deferred taxes	50,660			50,660
Equity investments in privately-held companies	35,496			40,300
Long-term restricted cash	—			7,884
Severance assets	5,428			17,043
Other	5,560			2,295
	$	159,520		$	118,182
Accrued and other liabilities:
Payroll and related expenses	$	68,965		$	76,788
Accrued expenses	31,227			28,821
Lease liability, current	17,706			—
Intangible asset financings	5,379			4,488
Other	18,969			11,781
	$	142,246		$	121,878
Other long-term liabilities:
Lease liability, long term	$	51,490		$	—
Income tax payable	36,211			25,600
Accrued severance	6,778			21,645
Deferred rent	—			2,532
Other	5,614			4,336
	$	100,093		$	54,113

Mellanox Technologies, Ltd. 10-Q