Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 47

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 8
Chunk 47
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uals 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 and thereafter340 Total future minimum lease payments6,255 Less imputed interest(285)$5,970 As of June 28, 2025, the operating lease liability consisted of the following (in thousands):Accrued liabilities - current portion of operating leases$3,017 Operating leases2,953 $5,970 

12

Table of Contents

The Company leases its headquarters office space in San Jose, California under a lease agreement that expires in December 2025. The future minimum lease payments under the lease are $1.3 million and are included in the table above. In December 2024, the Company entered into a new headquarters office lease agreement for 23,000 square feet in San Jose, California. The lease is expected to commence in August 2025 for a term of 90 months. The future minimum lease payments of $8.9 million are not included in the table above.The weighted average discount rate for the Company’s operating leases as of June 28, 2025 was 4.4%. The weighted average remaining lease term as of June 28, 2025 was 2.5 years.For the three and six months ended June 28, 2025, rent expense was $1.1 million and $2.2 million, respectively. For the three and six months ended June 29, 2024, rent expense was $1.2 million and $2.3 million, respectively. Cash paid within operating cash flows for operating leases was $2.3 million and $2.2 million for the six months ended June 28, 2025 and June 29, 2024