Rendering

Component: (Network and Table)
Network
100260 - Disclosure - Balance Sheet Details (Tables)
(http://alphatecspine.com/20161231/taxonomy/role/DisclosureBalanceSheetDetailsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Balance Sheet Related Disclosures [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Balance Sheet Related Disclosures [Abstract]
 
Accounts receivable, net

Accounts receivable consist of the following (in thousands):

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Accounts receivable

 

$

19,870

 

 

$

27,639

 

Less allowance for doubtful accounts

 

 

(1,358

)

 

 

(769

)

Accounts receivables, net

 

$

18,512

 

 

$

26,870

 

 

 
 
Inventories, net

Inventories consist of the following (in thousands):

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Raw materials

 

$

7,301

 

 

$

7,237

 

Work-in-process

 

 

823

 

 

 

1,908

 

Finished goods

 

 

38,469

 

 

 

39,388

 

 

 

 

46,593

 

 

 

48,533

 

Less reserve for excess and obsolete finished goods

 

 

(16,500

)

 

 

(15,901

)

Inventories, net

 

$

30,093

 

 

$

32,632

 

 

 
 
Property and equipment, net

Property and equipment consist of the following (in thousands except for useful lives):

 

 

 

Useful lives

 

 

December 31,

 

 

 

(in years)

 

 

2016

 

 

2015

 

Surgical instruments

 

 

4

 

 

$

53,095

 

 

$

52,404

 

Machinery and equipment

 

 

7

 

 

 

5,435

 

 

 

14,416

 

Computer equipment

 

 

3

 

 

 

3,511

 

 

 

3,816

 

Office furniture and equipment

 

 

5

 

 

 

2,695

 

 

 

3,426

 

Leasehold improvements

 

various

 

 

 

3,467

 

 

 

3,467

 

Construction in progress

 

n/a

 

 

 

445

 

 

 

139

 

 

 

 

 

 

 

 

68,648

 

 

 

77,668

 

Less accumulated depreciation and amortization

 

 

 

 

 

 

(53,572

)

 

 

(61,587

)

Property and equipment, net

 

 

 

 

 

$

15,076

 

 

$

16,081

 

 

 
 
Intangible assets

Intangible assets consist of the following (in thousands except for useful lives):

 

 

 

Remaining Avg.

Useful lives

 

 

December 31,

 

 

 

(in years)

 

 

2016

 

 

2015

 

Developed product technology

 

 

 

 

$

13,876

 

 

$

13,876

 

Intellectual property

 

 

 

 

 

1,004

 

 

 

1,004

 

License agreements

 

 

2

 

 

 

5,265

 

 

 

5,015

 

Trademarks and trade names

 

 

 

 

 

732

 

 

 

732

 

Customer-related

 

 

8

 

 

 

7,458

 

 

 

7,458

 

Distribution network

 

 

8

 

 

 

4,027

 

 

 

4,027

 

 

 

 

 

 

 

 

32,362

 

 

 

32,112

 

Less accumulated amortization

 

 

 

 

 

 

(26,651

)

 

 

(23,306

)

Intangible assets, net

 

 

 

 

 

$

5,711

 

 

$

8,806

 

 

 
 
Schedule of intangible assets, future expected amortization expense

The future expected amortization expense related to intangible assets as of December 31, 2016 is as follows (in thousands):

 

Year Ending December 31,

 

 

 

 

2017

 

$

936

 

2018

 

 

750

 

2019

 

 

689

 

2020

 

 

688

 

2021

 

 

688

 

Thereafter

 

 

1,960

 

Total

 

$

5,711

 

 

 
 
Goodwill

The changes in the carrying amount of goodwill from December 31, 2015 through December 31, 2016 were as follows (in thousands):

 

 

 

2016

 

 

2015

 

Balance at January 1

 

$

 

 

$

171,333

 

Impairment charge

 

 

 

 

 

(164,263

)

Effect of foreign exchange rate on goodwill

 

 

 

 

 

(7,070

)

Balance at December 31

 

$

 

 

$

 

 

 
 
Accrued expenses

Accrued expenses consist of the following (in thousands):

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Commissions and sales milestones

 

$

4,202

 

 

$

3,963

 

Payroll and payroll related

 

 

2,384

 

 

 

3,947

 

Litigation settlements

 

 

4,400

 

 

 

4,400

 

Globus related accruals

 

 

3,830

 

 

 

 

Accrued professional fees

 

 

3,093

 

 

 

1,972

 

Royalties

 

 

1,347

 

 

 

1,199

 

Restructuring and severance accruals

 

 

1,328

 

 

 

505

 

Accrued taxes

 

 

404

 

 

 

765

 

Guaranteed collaboration compensation, current

 

 

2,228

 

 

 

 

Accrued interest

 

 

387

 

 

 

999

 

Other

 

 

3,986

 

 

 

3,425

 

Total accrued expenses

 

$

27,589

 

 

$

21,175