Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 46

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 8
Chunk 46
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79,632 Allowance for doubtful accounts(305)(311)$63,076 $79,321 Inventory consisted of the following (in thousands):June 28,2025December 31,2024Components$6,171 $21,735 Finished goods104,351 80,992 $110,522 $102,727 Prepaid expenses and other current assets consisted of the following (in thousands):June 28,2025December 31,2024Supplier deposits    $43,480 $62,620 Prepaid expenses and other current assets46,268 42,976 $89,748 $105,596 Property and equipment, net consisted of the following (in thousands):June 28,2025December 31,2024Test 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 Accr