Company: CALX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001406666-25-000045
Chunk: 48

Company: CALIX, INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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057 (205)1,789 Cost of warranty claims(990)(876)(2,181)(2,266)Balance at end of period$4,901 $7,552 $4,901 $7,552 

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Table of Contents

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 September 27, 2025 (in thousands):PeriodFuture Minimum Lease PaymentsRemainder of 2025$445 20262,781 20272,457 20281,939 20291,606 Thereafter4,150 Total future minimum lease payments13,378 Less imputed interest(2,061)$11,317 As of September 27, 2025, the operating lease liability consisted of the following (in thousands):Accrued liabilities - current portion of operating leases$2,046 Operating leases9,271 $11,317 In December 2024, the Company entered into a new headquarters office lease agreement for 23,000 square feet in San Jose, California. The lease commenced in August 2025 for a term of 90 months. The future minimum lease payments of $8.9 million are included in the table above. The Company recorded a right-of-use operating lease asset and operating lease liability of $7.0 million in the third quarter of 2025. The Company’s previous lease in San Jose, California expires in October 2025.The weighted average discount rate for the Company’s operating leases as of September 27, 2025 was 5.1%. The weighted average remaining lease term as of September 27, 2025 was 5.9 years.For the three and nine months ended September 27, 2025, rent expense was $1.3 million and $3.5 million, respectively. For the three and nine months ended September 28, 2024, rent expense was $1.2 million and $3.5 million, respectively. Cash paid within operating cash flows for operating leases was $3.5 million and $3.4 million for the nine months ended September 27, 2025 and September 28, 2024, respectively.Purchase Commitments