Company: CALX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001406666-25-000008
Chunk: 90

Company: CALIX, INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 90
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 at Beginning of YearAdditions Charged to Expenses or Revenue Net of RecoveriesWrite Offs and ReturnsBalance at End of YearYear Ended December 31, 2024:Allowance for doubtful accounts$304 $264 $(257)$311 Product return liability2,897 3,212 (3,681)2,428 Year Ended December 31, 2023:Allowance for doubtful accounts$397 $43 $(136)$304 Product return liability2,961 4,761 (4,825)2,897 Year Ended December 31, 2022:Allowance for doubtful accounts$725 $(276)$(52)$397 Product return liability1,836 5,622 (4,497)2,961 

48

Inventory consisted of the following (in thousands):December 31,20242023Components$21,735 $22,119 Finished goods80,992 110,866 $102,727 $132,985 Prepaid expenses and other current assets consisted of the following (in thousands):December 31,20242023Supplier deposits$62,620 $78,131 Prepaid expenses and other current assets42,976 40,467 $105,596 $118,598 Property and equipment, net consisted of the following (in thousands):December 31,20242023Test equipment$57,595 $50,853 Computer equipment14,561 13,615 Software11,146 12,972 Leasehold improvements2,173 2,122 Furniture and fixtures1,268 1,283 86,743 80,845 Accumulated depreciation and amortization(55,590)(51,384)$31,153 $29,461 Depreciation and amortization expenses were $19.6 million, $16.6 million and $14.3 million for the years ended December 31, 2024, 2023 and 2022, respectively.Accrued liabilities consisted of the following (in thousands):December 31,20242023Compensation and related benefits$36,004 $36,741 Component inventory held by suppliers8,855 32,182 Professional and consulting fees5,385 7,717 Current portion of warranty and retrofit5,288 5,655 Taxes payable5,048 4,317