Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 15

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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,2024Test equipment$61,939 $57,595 Computer equipment13,677 14,561 Software11,049 11,146 Leasehold improvements2,665 2,173 Furniture and fixtures1,278 1,268 Total90,608 86,743 Accumulated depreciation and amortization(58,193)(55,590)$32,415 $31,153 

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Table of Contents

Accrued liabilities consisted of the following (in thousands):June 28,2025December 31,2024Compensation and related benefits$32,808 $36,004 Component inventory held by suppliers7,768 8,855 Professional and consulting fees5,148 5,385 Taxes payable4,178 5,048 Current portion of warranty3,346 5,288 Customer advances or rebates3,320 4,882 Operating leases3,017 4,303 Insurance1,773 2,019 Freight1,663 1,640 Product returns1,657 2,428 Travel and event expenses1,654 518 Operations1,014 1,735 Other6,776 6,062 $74,122 $84,167 Changes in the Company’s accrued warranty liability were as follows (in thousands): Three Months EndedSix Months EndedJune 28,2025June 29,2024June 28,2025June 29,2024Balance at beginning of period$6,073 $7,655 $7,287 $8,029 Accruals for product warranty(908)392 (1,203)731 Cost of warranty claims(272)(676)(1,191)(1,389)Balance at end of period$4,893 $7,371 $4,893 $7,371 

6.  Commitments and Contingencies

Lease CommitmentsThe Company leases office space under non-cancelable operating leases. Certain of the Company’s operating leases contain renewal options and rent acceleration clauses. Future minimum payments under the non-cancelable operating leases consisted of the following as of June 28, 2025 (in thousands):PeriodFuture Minimum Lease PaymentsRemainder of 2025$2,222 20261,725 20271,259 2028709 2029