Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 39

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 8
Chunk 39
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)(311)$75,511 $79,321 

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Inventory consisted of the following (in thousands):March 29,2025December 31,2024Components$11,327 $21,735 Finished goods89,508 80,992 $100,835 $102,727 Prepaid expenses and other current assets consisted of the following (in thousands):March 29,2025December 31,2024Supplier deposits    $58,451 $62,620 Prepaid expenses and other current assets44,893 42,976 $103,344 $105,596 Property and equipment, net consisted of the following (in thousands):March 29,2025December 31,2024Test equipment$59,697 $57,595 Computer equipment14,999 14,561 Software11,149 11,146 Leasehold improvements2,125 2,173 Furniture and fixtures1,273 1,268 Total89,243 86,743 Accumulated depreciation and amortization(58,411)(55,590)$30,832 $31,153 Accrued liabilities consisted of the following (in thousands):March 29,2025December 31,2024Compensation and related benefits$23,074 $36,004 Component inventory held by suppliers10,616 8,855 Taxes payable5,794 5,048 Professional and consulting fees5,294 5,385 Current portion of warranty4,112 5,288 Operating leases3,661 4,303 Customer advances or rebates3,209 4,882 Insurance2,393 2,019 Product returns2,016 2,428 Operations1,764 1,735 Freight1,548 1,640 Other6,390 6,580 $69,871 $84,167 Changes in the Company’s accrued warranty liability were as follows (in thousands): Three Months EndedMarch 29,2025March 30,2024Balance at beginning of period$7,287 $8,029 Accruals for product warranty(295)339 Cost of warranty claims(919)(713)Balance at end of period$6,073 $7,655 

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6.  Commitments