Cavium (CAVM) 10-Q 3 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 29, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	CAVM
Entity Registrant Name	CAVIUM, INC.
Entity Central Index Key	1,175,609
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		55,650,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 121,984	$ 131,718
Accounts receivable, net of allowances of $1,004 and $1,142, respectively	67,165	48,199
Inventories	50,403	51,922
Prepaid expenses and other current assets	9,312	9,130
Total current assets	248,864	240,969
Property and equipment, net	60,235	56,963
Intangible assets, net	37,023	37,644
Goodwill	71,478	71,478
Other assets	1,952	1,806
Total assets	419,552	408,860
Current liabilities:
Accounts payable	32,702	26,447
Other accrued expenses and other current liabilities	14,950	7,782
Deferred revenue	7,273	6,285
Capital lease and technology license obligations	18,383	23,002
Total current liabilities	73,308	63,516
Capital lease and technology license obligations, net of current portion	15,981	22,894
Deferred tax liability	3,159	2,836
Other non-current liabilities	2,970	2,931
Total liabilities	$ 95,418	$ 92,177
Commitments and contingencies (Note 11)
Stockholders' equity
Common stock, par value $0.001: 200,000,000 shares authorized; 55,650,000 and 54,458,288 shares issued and outstanding, respectively	$ 56	$ 54
Additional paid-in capital	516,676	488,981
Accumulated deficit	(192,598)	(172,352)
Total stockholders' equity	324,134	316,683
Total liabilities and stockholders' equity	$ 419,552	$ 408,860

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Allowances for accounts receivable	$ 1,004	$ 1,142
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	55,650,000	54,458,288
Common stock, shares outstanding	55,650,000	54,458,288

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net revenue	$ 104,961	$ 90,681	$ 206,739	$ 173,922
Cost of revenue	37,673	33,897	73,472	64,247
Gross profit	67,288	56,784	133,267	109,675
Operating expenses:
Research and development	52,225	38,834	110,647	76,123
Sales, general and administrative	20,336	17,017	41,007	32,949
Total operating expenses	72,561	55,851	151,654	109,072
Income (loss) from operations	(5,273)	933	(18,387)	603
Other income (expense), net:
Interest expense	(388)	(333)	(798)	(792)
Change in estimated fair value of notes payable and other		(13,927)		(14,785)
Other, net	(33)	(53)	(99)	82
Total other expense, net	(421)	(14,313)	(897)	(15,495)
Loss before income taxes	(5,694)	(13,380)	(19,284)	(14,892)
Provision for income taxes	661	311	962	554
Net loss	(6,355)	(13,691)	(20,246)	(15,446)
Net loss attributable to non-controlling interest		(2,647)		(6,749)
Net loss attributable to the Company	$ (6,355)	$ (11,044)	$ (20,246)	$ (8,697)
Earnings per share attributable to the Company:
Net loss per common share, basic	$ (0.11)	$ (0.21)	$ (0.37)	$ (0.16)
Shares used in computing basic net loss per common share	55,507	53,197	55,196	52,875
Net loss per common share, diluted	$ (0.11)	$ (0.21)	$ (0.37)	$ (0.16)
Shares used in computing diluted net loss per common share	55,507	53,197	55,196	52,875

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (20,246)	$ (15,446)
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation expense	23,475	19,819
Depreciation and amortization	21,948	15,890
Deferred income taxes	323	182
Change in estimated fair value of notes payable and other		14,785
Gain on disposition of certain consumer product assets	(400)	(500)
Changes in assets and liabilities:
Accounts receivable, net	(18,966)	(8,504)
Inventories	1,519	(10,987)
Prepaid expenses and other current assets	(1,182)	(1,412)
Other assets	(146)	(271)
Accounts payable	1,426	3,096
Deferred revenue	988	(518)
Accrued expenses and other current and non-current liabilities	7,205	123
Net cash provided by operating activities	15,944	16,257
Cash flows from investing activities:
Purchases of property and equipment	(15,385)	(8,695)
Purchases of intangible assets	(3,783)	(1,999)
Cash settlement to common shareholders of Xpliant	(3,630)
Proceeds received from disposition of certain consumer product assets	400	500
Sale of short-term investment	1,000
Net cash used in investing activities	(21,398)	(10,194)
Cash flows from financing activities:
Proceeds from issuance of common stock upon exercise of options	7,851	11,308
Principal payment of capital lease and technology license obligations	(12,131)	(6,499)
Proceeds from notes payable and other from non-controlling interest		1,400
Tax withholdings for stock option exercises on behalf of employees		545
Net cash provided by (used in) financing activities	(4,280)	6,754
Net increase (decrease) in cash and cash equivalents	(9,734)	12,817
Cash and cash equivalents, beginning of period	131,718	127,763
Cash and cash equivalents, end of period	121,984	140,580
Supplemental disclosures of cash flows from investing and financing activities:
Property and equipment and intangible assets acquired included in accounts payable, other accrued expense and other current liabilities	6,019	2,166
Property and equipment and intangible assets acquired included in capital lease and technology license obligations	$ 400	$ 984

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation Organization Cavium, Inc., (the “Company”), was incorporated in the state of California on November 21, 2000 and was reincorporated in the state of Delaware effective February 6, 2007. The Company designs, develops and markets semiconductor processors for intelligent and secure networks. Basis of Presentation The condensed consolidated financial statements include the accounts of Cavium, Inc., its wholly owned subsidiaries and a variable interest entity, or VIE, of which the Company is the primary beneficiary. Prior to the closing of the acquisition of Xpliant, Inc. (“Xpliant”) as discussed in Note 5 of Notes to Condensed Financial Statements, the Company accounted for Xpliant as a VIE. Under the accounting principles generally accepted in the United States of America, or US GAAP, a VIE is required to be consolidated by its primary beneficiary. The primary beneficiary is the party that absorbs a majority of the VIE’s anticipated losses and/or a majority of the expected returns. All significant intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements have been prepared in accordance with US GAAP, and pursuant to the rules and regulations of the Securities and Exchange Commission, or SEC. Accordingly, they do not include all of the information and footnotes required by US GAAP for annual financial statements. For further information, these financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K (File No. 001-33435) on file with the SEC for the year ended December 31, 2014. The condensed consolidated financial statements contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to state fairly the Company’s condensed consolidated financial position at June 30, 2015 and 2014, and the condensed consolidated results of its operations for the three and six months ended June 30, 2015 and 2014, and condensed consolidated statements of cash flows for the six months ended June 30, 2015 and 2014. The results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet at December 31, 2014 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by US GAAP. Significant Accounting Policies The Company’s significant accounting policies are disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. There had been no material changes to these accounting policies. Recent Accounting Pronouncements In February 2015, the Financial Accounting Standards Board issued an accounting standards update to improve consolidation guidance related to determining whether limited partnerships and similar legal entities are a VIE. The new guidance requires new disclosures for reporting entities that have explicit arrangements to provide financial support to money market funds. In addition, reporting entities would have to provide disclosures if they have provided any financial support during any of the income statement periods included in the financial statements. The update is effective for interim and annual periods beginning after December 15, 2015, although early adoption is permitted. The guidance may be applied using a modified retrospective approach whereby the entity records a cumulative effect of adoption at the beginning of the fiscal year of initial application. A reporting entity may also apply the amendments on a full retrospective basis. The Company does not expect that this new guidance will have a significant impact on its consolidated financial statements. In May 2014, the Financial Accounting Standards Board, or FASB issued a new guidance on the recognition of revenue from contracts with customers, which includes a single set of rules and criteria for revenue recognition to be used across all industries. The new revenue guidance’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the guidance requires five basic steps: identify the contract with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when or as the entity satisfies a performance obligation. This guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods during the annual period. Early adoption is allowed for annual reporting periods beginning after December 15, 2016. Different transition methods are available - full retrospective method and a modified retrospective (cumulative effect) approach. The Company has not selected the transition method and is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements.

Net Loss Per Common Share

Net Loss Per Common Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Net Loss Per Common Share	2. Net Loss Per Common Share The following table sets forth the computation of net loss per share: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands, except per share data) Net loss attributable to the Company $ (6,355 ) $ (11,044 ) $ (20,246 ) $ (8,697 ) Weighted average common shares outstanding - basic 55,507 53,197 55,196 52,875 Dilutive effect of employee stock plans - - - - Weighted average common shares outstanding - diluted 55,507 53,197 55,196 52,875 Net loss per common share, basic $ (0.11 ) $ (0.21 ) $ (0.37 ) $ (0.16 ) Net loss per common share, diluted $ (0.11 ) $ (0.21 ) $ (0.37 ) $ (0.16 ) The following outstanding options and restricted stock units were excluded from the computation of diluted net loss per common share for the periods presented because including them would have had an anti-dilutive effect: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) Options to purchase common stock 2,186 2,853 2,186 2,853 Restricted stock units 2,627 2,423 2,627 2,423

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	3. Fair Value Measurements At June 30, 2015 and December 31, 2014, the Company’s cash equivalents comprised of an investment in a money market fund. At December 31, 2014, the Company had a short-term bank deposit which was classified under prepaid expense and other current assets. In accordance with the guidance for fair value measurements and disclosures, the Company determined the fair value hierarchy of its money market fund and short-term bank deposit as Level 1, which approximated $87.2 million and $93.2 million as of June 30, 2015 and December 31, 2014, respectively. The carrying amount of the Company’s accounts receivable, accounts payable and accrued expenses approximate fair value due to their short term maturities. See Note 5 of Notes to Condensed Consolidated Financial Statements for discussions about using Level 3 fair value hierarchy measurements.

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Balance Sheet Components	4. Balance Sheet Components Inventories As of June 30, 2015 As of December (in thousands) Work-in-process $ 36,196 $ 37,207 Finished goods 14,207 14,715 $ 50,403 $ 51,922 Property and equipment, net As of June 30, 2015 As of December 31, 2014 (in thousands) Test equipment and mask costs $ 58,450 $ 50,591 Software, design tools, computer and other equipment 63,538 53,686 Furniture, office equipment and leasehold improvements 4,742 2,500 126,730 106,777 Less: accumulated depreciation and amortization (66,495 ) (49,814 ) $ 60,235 $ 56,963 Depreciation and amortization expense was $9.3 million and $4.5 million for the three months ended June 30, 2015 and 2014, respectively, and $16.8 million and $8.7 million for the six months ended June 30, 2015 and 2014, respectively. The Company leases certain design tools under capital lease and certain financing arrangements which are included in property and equipment, which total cost, net of accumulated amortization amounted to $28.3 million and $35.8 million at June 30, 2015 and December 31, 2014, respectively. Amortization expense related to assets recorded under capital lease and certain financing agreements was $3.7 million and $2.0 million for the three months ended June 30, 2015 and 2014, respectively, and $7.4 million and $3.9 million for the six months ended June 30, 2015 and 2014, respectively. Other accrued expenses and other current liabilities As of June 30, 2015 As of December 31, 2014 (in thousands) Accrued compensation and related benefits $ 5,784 $ 4,855 Professional fees 1,304 1,029 Accrued royalty 732 638 Manufacturing rights payable (Note 11) 5,625 - Income tax payable 643 451 Other 862 809 $ 14,950 $ 7,782 Warranty Accrual The following table presents a rollforward of the warranty liability, which is included within other accrued expenses and other current liabilities above: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 442 $ 172 $ 227 $ 167 Accruals and adjustments (23 ) 40 256 137 Settlements (55 ) (55 ) (119 ) (147 ) Ending balance $ 364 $ 157 $ 364 $ 157 Deferred revenue As of June 30, 2015 As of December 31, 2014 (in thousands) Services/support and maintenance $ 6,455 $ 5,769 Software license/subscription 818 516 $ 7,273 $ 6,285

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Business Combinations	5. Business Combination Xpliant, Inc. Pursuant to the Agreement and Plan of Merger and Reorganization (“the Merger Agreement”) between the Company and Xpliant, a final closing occurred on April 29, 2015 as discussed in detail below. Between May 2012 and March 2015, the Company entered into several note purchase agreements and promissory notes with Xpliant to provide cash advances. Xpliant was a Delaware incorporated and privately held company, engaged in the design and development of next generation software defined network switch chips. Prior to the closing of the merger pursuant to the Merger Agreement between the Company and Xpliant as discussed below, the Company concluded that Xpliant was a VIE as the Company was Xpliant’s primary beneficiary due to the Company’s involvement with Xpliant and the Company’s purchase option to acquire Xpliant. As such, the Company has included the accounts of Xpliant in the condensed consolidated financial statements. The Company had made total cash advances of $85.8 million, consisting of $10.0 million under nine convertible notes which, as amended, matured on August 31, 2014 and $75.8 million under several promissory notes which mature between April 2015 and March 2016. The promissory notes are cancelled as it mature. The outstanding convertible notes and promissory notes bore an annual interest rate of 6%. In addition to the funding received by Xpliant from the Company, between May 2012 and January 2014, certain third party investors (“non-controlling interest”) made cash advances of $13.0 million under several convertible notes which, as amended, matured on August 31, 2014 and $2.9 million under a convertible security. All of the convertible notes bore interest at a rate of 6%, payable at maturity. Two of the convertible notes held by a third party investor with a principal amount of $1.0 million matured and were paid by Xpliant in December 2013. Pursuant to the convertible notes, in the event Xpliant closes a corporate transaction, as defined in the convertible notes, the holders of the convertible notes were entitled to receive two times the outstanding principal plus any unpaid accrued interest. The convertible security had the same features as the convertible notes, with the exception of the requirement for repayment, interest and maturity. For accounting purposes, the Company determined that the convertible security had derivative features and determined that the fair value of the derivative features of the convertible security at the issuance date was approximately the same as the principal amount. All of the convertible notes and the derivative feature of convertible security were classified as Level 3 liability and were all remeasured and presented at fair value in the condensed consolidated financial statements at each reporting period. Pursuant to the option to acquire Xpliant, in June 2014, the Company provided notice to Xpliant of its decision to exercise the purchase option. Therefore, the convertible notes and derivative features of convertible security were valued to two times its principal amount at its maturity date. As such, the Company recorded the change in estimated fair value of notes payable and other in the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2014 of $13.9 million and $14.8 million, respectively. Pursuant to the Merger Agreement between the Company and Xpliant as discussed in detail below, in October 2014, a portion of the cash advances made by the Company to Xpliant were used to settle all outstanding convertible notes, related accrued interest and convertible security held by non-controlling interest. On July 30, 2014, the Company entered into the Merger Agreement, which was amended on October 8, 2014 and March 31, 2015 with Xpliant. Under the terms of the Merger Agreement, as amended, the Company paid approximately $3.6 million in total cash consideration in exchange for all outstanding securities held by Xpliant’s stockholders. Pursuant to the Merger Agreement, as amended, a first closing occurred on March 31, 2015 and the Company paid $2.5 million to Xpliant’s stockholders with respect to approximately 70% of the Xpliant stock outstanding and a second and final closing occurred on April 29, 2015 and the Company paid $1.1 million to Xpliant’s stockholders with respect to the then remaining approximately 30% of the Xpliant stock outstanding. Based on the substance of the transaction, the Company recorded the payments of cash consideration to Xpliant stockholders as a decrease to the Company’s additional paid-in capital within stockholders’ equity. Pursuant to the Merger Agreement and in connection with the transaction contemplated by the Merger Agreement, in October 2014, a portion of the cash advances made by the Company to Xpliant were used to settle all outstanding convertible notes, related accrued interest and the convertible security held by non-controlling interest of $30.8 million. Additionally, $1.7 million was used to make cash payments to the employees of Xpliant that were hired by the Company. Further, per the Merger Agreement, in October 2014, the Company issued RSU’s of approximately 193,000 shares with a fair value of $8.7 million based on the Company’s closing stock price at the grant date to the employees of Xpliant that were hired by the Company. Prior to the closing of the merger pursuant to the Merger Agreement and the settlement of the outstanding convertible notes and convertible security to non-controlling interest, the net loss of Xpliant was allocated to the Company and to the non-controlling interest based on the outstanding cash advances provided to Xpliant at each reporting period. Prior to the closing of the merger pursuant to the Merger Agreement, the net loss of Xpliant for the first quarter of 2015 of $24.4 million was included in the Company’s condensed consolidated statement of operations. Included in the net loss of Xpliant for the first quarter of 2015 was a $7.5 million manufacturing rights licensing fee due to a third party vendor which was recorded within research and development expense on the condensed statements of operations (See Note 11). The Company’s portion of the net loss of Xpliant included in the condensed consolidated statements of operations for the three and six months ended June 30, 2014 amounted to $17.4 million and $19.6 million. Included in the Company’s portion of the net loss of Xpliant for the three and six months ended June 30, 2014 was the change in estimated fair value of notes payable and other as discussed above.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	6. Goodwill and Intangible Assets, Net Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. The carrying value of goodwill as of June 30, 2015 was $71.5 million, unchanged from the balance at December 31, 2014. Intangible assets, net As of June 30, 2015 Gross Accumulated Amortization Net Weighted average remaining amortization period (years) (in thousands) Technology licenses $ 68,575 (32,467 ) $ 36,108 6.50 Existing and core technology - product 42,085 (41,174 ) 911 1.49 Customer contracts and relationships 8,991 (8,987 ) 4 0.33 Trade name 2,296 (2,296 ) - - Order backlog 640 (640 ) - - Total amortizable intangible assets $ 122,587 $ (85,564 ) $ 37,023 6.38 As of December 31, 2014 Gross Accumulated Amortization Net Weighted average remaining amortization period (years) (in thousands) Technology licenses $ 64,002 $ (28,247 ) $ 35,755 7.07 Existing and core technology - product 42,085 (40,264 ) 1,821 1.39 Customer contracts and relationships 8,991 (8,965 ) 26 0.83 Trade name 2,296 (2,254 ) 42 0.17 Order backlog 640 (640 ) - - Total amortizable intangible assets $ 118,014 $ (80,370 ) $ 37,644 6.79 Amortization expense was $2.3 million and $3.5 million for the three months ended June 30, 2015 and 2014, respectively, and $5.2 million and $7.2 million for the six months ended June 30, 2015 and 2014, respectively. The estimated future amortization expense of amortizable intangible assets is as follows (in thousands): Remainder of 2015 $ 4,285 2016 7,787 2017 5,796 2018 4,301 2019 3,956 2020 and thereafter 10,898 $ 37,023

Restructuring Accrual

Restructuring Accrual	6 Months Ended
	Jun. 30, 2015
Restructuring And Related Activities [Abstract]
Restructuring Accrual	7. Restructuring Accrual In connection with a workforce reduction during the first and second quarters of 2014, the Company incurred and substantially paid $0.6 million and $0.6 million, respectively, related to severance and other related benefits. In addition, during the second quarter of 2014, the Company recorded restructuring accrual of $0.2 million related to the unused portion of a leased facility in Beijing China, which leased expired in December 2014. There were no outstanding accrued restructuring payables as of June 30, 2015 and December 31, 2014, respectively.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Stockholders Equity Note [Abstract]
Stockholders' Equity	8. Stockholders’ Equity Equity Incentive Plans The following table summarizes the details related to stock options granted and outstanding under the 2007 Equity Incentive Plan and 2001 Stock Incentive Plan for the six months ended June 30, 2015: Number of Shares Outstanding Weighted Average Exercise Price Balance as of December 31, 2014 2,626,260 $ 20.62 Options granted 87,178 64.70 Options exercised (527,566 ) 14.88 Options cancelled and forfeited - - Balance as of June 30, 2015 2,185,872 23.76 The fair value of each option grant for the three and six months ended June 30, 2015 and 2014 were estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions below. Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Risk-free interest rate 1.34% 1.26% 1.34% 1.26% Expected life 3.77 years 3.77 years 3.7 7 o 8 3.7 7 o 3 Dividend yield 0% 0% 0% 0% Volatility 40.96% 45.05% 40.96% 43.76% The estimated weighted-average grant date fair value of options granted for the three months ended June 30, 2015 and 2014 was $24.95 per share and $17.99 per share, respectively, and for the six months ended June 30, 2015 and 2014 was $23.79 per share and $14.63 per share, respectively. As of June 30, 2015, there was $4.9 million of unrecognized compensation costs, net of estimated forfeitures, related to stock options granted under the Company’s 2007 Equity Incentive Plan and 2001 Stock Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted average period of 2.32 years. The following table summarizes the details related to restricted stock units, or RSUs, granted and outstanding under the 2007 Equity Incentive Plan for the six months ended June 30, 2015: Number of Shares Weighted-Average Grant Date Fair Value Per Share Balance as of December 31, 2014 2,464,747 $ 39.21 Granted 872,022 61.34 Issued and released (664,146 ) 39.74 Cancelled and forfeited (46,050 ) 39.86 Balance as of June 30, 2015 2,626,573 46.42 For all RSU grants other than RSU grants with market condition as discussed below, stock-based compensation expense is calculated based on the market price of the Company’s common stock on the date of grant, multiplied by the number of RSUs granted. The grant date fair value of RSUs, less estimated forfeitures, is recorded on a straight-line basis, over the vesting period. Included in the RSU grants in the table above are one-year and two-year performance-based RSU’s granted in February 2015 for which the Company determined that the fair value of these performance RSU’s were $2.1 million and $0.7 million, respectively. In May 2014, the Company granted a performance-based RSU and determined that the fair value of this performance RSU was $1.5 million. Based on the Company’s evaluation of the probability of achieving the milestones as of June 30, 2015, the Company recorded the related stock-based compensation expense for the three and six months ended June 30, 2015 related to these performance RSU’s. The Company continues to evaluate the probability of achieving the milestones for each of the performance-based RSU grants at each reporting period and will update the RSU expense which is included in stock-based compensation expense. Also included in the RSU grants in the table above are four-year vesting market-based RSU’s granted in February 2015. This market-based RSU’s will vest if the average closing price of the Company’s common stock over a period of 30 consecutive trading days is equal to or greater than the price per share set by the Board and the recipient remains in continuous service with the Company through such vesting period. The fair value of market-based RSUs was determined by management using the Monte Carlo simulation method which takes into account multiple input variables that determine the probability of satisfying the market conditions stipulated in the award. This method requires the input of assumptions, including the expected volatility of the Company’s common stock, and a risk-free interest rate, similar to assumptions used in determining the fair value of the stock option grants discussed above. As such, the Company determined that the fair value of this market-based RSU was $1.5 million at the date of grant and recorded the related stock-based compensation expense for the three and six months ended June 30, 2015. As of June 30, 2015, there was $96.7 million of unrecognized compensation costs, net of estimated forfeitures related to RSUs granted under the Company’s 2007 Equity Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted average period of 2.70 years. Stock-Based Compensation The following table presents the detail of stock-based compensation expense amounts included in the condensed consolidated statement of operations for each of the periods presented: Three Months Ended Six Months Ended 2015 2014 2015 2014 (in thousands) Cost of revenue $ 185 $ 240 $ 382 $ 487 Research and development 7,301 5,629 14,096 11,033 Sales, general and administrative 4,290 4,363 8,997 8,299 $ 11,776 $ 10,232 $ 23,475 $ 19,819 The total stock-based compensation cost capitalized as part of inventory as of June 30, 2015 and December 31, 2014 was not material.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The quarterly provision for income taxes is based on the estimated annual effective tax rate, plus any discrete items. The Company updates its estimate of its annual effective tax rate at the end of each quarterly period. The estimate takes into account estimations of annual pre-tax income, the geographic mix of pre-tax income and interpretations of tax laws and the possible outcomes of current and future audits. The following table presents the provision for income taxes and the effective tax rates for the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) Loss before income taxes $ (5,694 ) $ (13,380 ) $ (19,284 ) $ (14,892 ) Provision for income taxes 661 311 962 554 Effective tax rate (11.6 )% (2.3 )% (5.0 )% (3.7 )% The provision for income taxes for the three and six months ended June 30, 2015 and 2014 were primarily related to earnings in foreign jurisdictions. The difference between the provision for or benefit from income taxes that would be derived by applying the statutory rate to the Company’s loss before income taxes and the provision for or benefit from income taxes recorded for the three and six months ended June 30, 2015 and 2014 were primarily attributable to the valuation allowance, the difference in foreign tax rates and an increase in the indefinite lived intangible related deferred tax liability. The Company’s net deferred tax assets relate predominantly to its United States tax jurisdiction. A full valuation allowance against the Company federal and state net deferred tax assets has been in place since the fourth quarter of 2012. The Company periodically evaluates the realizability of its net deferred tax assets based on all available evidence, both positive and negative. The realization of net deferred tax assets is dependent on the Company's ability to generate sufficient future taxable income during periods prior to the expiration of tax attributes to fully utilize these assets. The Company weighed both positive and negative evidence and determined that there is a continued need for a valuation allowance as the Company is in a cumulative loss position over the previous three years, which is considered significant negative evidence. As such, the Company has not changed its judgment regarding the need for a full valuation allowance on its federal and state deferred tax assets as of December 31, 2014 and June 30, 2015. However, continued improvement in the Company's operating results, conditioned on successfully generating increased revenue and managing costs, could lead to reversal of substantially all of the Company's valuation allowance. Until such time, consumption of tax attributes to offset profits will reduce the overall level of deferred tax assets subject to valuation allowance. Should the Company determine that it would be able to realize its remaining deferred tax assets in the foreseeable future, an adjustment to its remaining deferred tax assets would cause a material increase to net income in the period such determination is made. As of June 30, 2015 and December 31, 2014, the Company had unrecognized tax benefits for income taxes associated with uncertain tax positions of $16.7 million and $16.3 million, respectively. If all of these unrecognized tax benefits were recognized, $0.9 million would impact the Company’s effective tax rate after considering the valuation allowance. The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company has no significant accrued potential penalties and interest as of June 30, 2015 and December 31, 2014, as a significant amount of liabilities have been recorded against loss carryforwards on a net basis. The Company does not expect its unrecognized tax benefits to change significantly over the next 12 months. The Company’s major tax jurisdictions are the United States federal government, the states of California and Massachusetts, Japan, India, China and Singapore. The Company files income tax returns in the United States federal jurisdiction, the states of California and Massachusetts, various other states, and foreign jurisdictions in which it has a subsidiary or branch operations. The United States federal corporation income tax returns beginning with the 2000 tax year remain subject to examination by the Internal Revenue Service, or IRS. The California corporation income tax returns beginning with the 2000 tax year remain subject to examination by the California Franchise Tax Board. As of June 30, 2015, there are no on-going tax audits in the major tax jurisdictions other than India. The Company has settled their India tax audit for the tax year 2010 with an immaterial tax adjustment. The India tax audit remains open for the tax years 2011 and 2012. The Company does not expect any significant tax adjustments from either of these audits. The federal research and development credits law, which was extended through December 31, 2014, has not been extended to the end of 2015. As a result, the 2015 provision for income taxes and the annual effective tax rate did not consider the effects of the federal research and development credits.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment and Geographic Information	10. Segment and Geographic Information Operating segments are based on components of the Company that engage in business activity that earn revenue and incur expenses and (a) whose operating results are regularly reviewed by the Company’s chief operating decision maker, or CODM, to make decisions about resource allocation and performance and (b) for which discrete financial information is available. The Company manages and operates as one reporting segment. The Company’s revenue consists primarily of sale of semiconductor products and also derives revenue from licensing software and related maintenance and support. The revenue from these sources is classified by the Company as product revenue. The Company also generates revenue from professional service arrangements which is categorized as service revenue. The total service revenue is less than 10% of the Company’s total revenue for the three and six months ended June 30, 2015 and 2014. The Company categorizes its net revenue in two different markets, (i) the enterprise network, data center and access and service provider markets; and (ii) broadband and consumer markets. The net revenue by markets for the periods indicated was as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) Enterprise network, data center and access and service provider markets $ 95,023 $ 84,003 $ 187,420 $ 159,631 Broadband and consumer markets 9,938 6,678 19,319 14,291 $ 104,961 $ 90,681 $ 206,739 $ 173,922 The following table is based on the geographic location of the original equipment manufacturers, the contract manufacturers or the distributors who purchased the Company’s products. For sales to the distributors, their geographic location may be different from the geographic locations of the ultimate end customers. Sales by geography for the periods indicated were as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) United States $ 37,211 $ 23,727 $ 69,216 $ 53,804 China 25,218 22,908 51,336 44,912 Finland 8,537 15,193 16,452 22,905 Taiwan 8,184 8,131 16,554 14,329 Korea 4,805 5,921 12,720 9,585 Mexico 8,468 4,602 18,004 9,252 Other countries 12,538 10,199 22,457 19,135 Total $ 104,961 $ 90,681 $ 206,739 $ 173,922 The following table sets forth long lived assets, which consist of property and equipment, net by geographic regions: As of June 30, 2015 As of December (in thousands) United States $ 54,614 $ 49,856 All other countries 5,621 7,107 Total $ 60,235 $ 56,963

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies The Company is not currently a party to any legal proceedings, the outcome of which, if determined adversely to the Company, would have a material adverse effect on the condensed consolidated financial position, condensed results of operations or condensed cash flows of the Company. The Company leases its facilities under non-cancelable operating leases, which contain renewal options and escalation clauses, and expire on various dates ending in October 2022. The Company also acquires certain assets under capital leases. The capital lease and technology license obligations include future cash payments payable primarily for license agreements with various outside vendors. For license agreements which qualify under capital lease and where installment payments extend beyond one year, the present value of the future installment payments are capitalized and included as part of intangible assets or property and equipment which is amortized over the estimated useful lives of the related licenses. Minimum commitments under non-cancelable operating and capital lease agreements as of June 30, 2015 are as follows: Capital lease and technology license obligations Operating leases Total (in thousands) Remainder of 2015 $ 12,013 $ 3,535 $ 15,548 2016 16,503 8,680 25,183 2017 7,353 8,731 16,084 2018 - 8,929 8,929 2019 - 8,847 8,847 2020 thereafter - 23,135 23,135 $ 35,869 $ 61,857 $ 97,726 Less: Interest component (3.75% annual rate) 1,505 Present value of minimum lease payment 34,364 Current portion of the obligations $ 18,383 Long-term portion of obligations $ 15,981 Rent expense incurred under operating leases was $1.9 million and $1.7 million for the three months ended June 30, 2015 and 2014 On March 30, 2015, Xpliant exercised its option to purchase the manufacturing rights to accelerate the takeover of manufacturing, and to relieve Xpliant from any further obligation to purchase product quantities from Xpliant’s application specific integrated circuit, or ASIC, vendor. In consideration for this, Xpliant agreed to pay a $7.5 million manufacturing rights licensing fee and a per-unit royalty fee for certain ASIC products sold to certain customers for a limited time. The manufacturing rights licensing fee is payable in 4 equal quarterly payments, with the first installment payment due on April 29, 2015 and each of the subsequent three installment payments being due on the first day of the following calendar quarter. The royalty shall be payable within 30 days after the end of each calendar quarter following the sale. Considering the terms of the purchase of the manufacturing rights, the Company recorded the full amount of the manufacturing rights licensing fee within research and development expense on the condensed consolidated statement of operations for the three months ended March 31, 2015 and the related liability was recorded within other accrued expenses and other current liabilities on the condensed consolidated balance sheets. During the three months ended June 30, 2015, the Company paid the first installment due. On January 30, 2015, the Company submitted an initial notification of a voluntary self-disclosure to the U.S. Department of Commerce, Bureau of Industry and Security, or BIS. The notification reported the Company’s discovery that hardware and software, with encryption functionality, may have been exported without the required BIS export license. With the assistance of outside counsel, the Company conducted a review of past export transactions during the past five years, and on July 17, 2015, the Company reported its findings in a full voluntary self-disclosure to BIS. The findings reported that the Company exported certain encryption hardware and software to fifteen government end-users in the People’s Republic of China, Taiwan, Hong Kong, Singapore, India and South Korea, as well as one party on BIS' entity list, without the required BIS export license. The aggregate billings for the reported exports were approximately $0.5 million. The disclosure also addressed the Company’s remedial and corrective actions. BIS is reviewing the Company’s voluntary self-disclosure and the Company is cooperating fully with BIS. Violations of the export control laws may result in civil, administrative or criminal fines or penalties, loss of export privileges, debarment or a combination of these penalties. At this time the Company is unable to determine the outcome of the government’s investigation or its possible effect on the Company.

Organization and Basis of Pre17

Organization and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	Organization Cavium, Inc., (the “Company”), was incorporated in the state of California on November 21, 2000 and was reincorporated in the state of Delaware effective February 6, 2007. The Company designs, develops and markets semiconductor processors for intelligent and secure networks.
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements include the accounts of Cavium, Inc., its wholly owned subsidiaries and a variable interest entity, or VIE, of which the Company is the primary beneficiary. Prior to the closing of the acquisition of Xpliant, Inc. (“Xpliant”) as discussed in Note 5 of Notes to Condensed Financial Statements, the Company accounted for Xpliant as a VIE. Under the accounting principles generally accepted in the United States of America, or US GAAP, a VIE is required to be consolidated by its primary beneficiary. The primary beneficiary is the party that absorbs a majority of the VIE’s anticipated losses and/or a majority of the expected returns. All significant intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements have been prepared in accordance with US GAAP, and pursuant to the rules and regulations of the Securities and Exchange Commission, or SEC. Accordingly, they do not include all of the information and footnotes required by US GAAP for annual financial statements. For further information, these financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K (File No. 001-33435) on file with the SEC for the year ended December 31, 2014. The condensed consolidated financial statements contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to state fairly the Company’s condensed consolidated financial position at June 30, 2015 and 2014, and the condensed consolidated results of its operations for the three and six months ended June 30, 2015 and 2014, and condensed consolidated statements of cash flows for the six months ended June 30, 2015 and 2014. The results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet at December 31, 2014 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by US GAAP.
Significant Accounting Policies	Significant Accounting Policies The Company’s significant accounting policies are disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. There had been no material changes to these accounting policies.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2015, the Financial Accounting Standards Board issued an accounting standards update to improve consolidation guidance related to determining whether limited partnerships and similar legal entities are a VIE. The new guidance requires new disclosures for reporting entities that have explicit arrangements to provide financial support to money market funds. In addition, reporting entities would have to provide disclosures if they have provided any financial support during any of the income statement periods included in the financial statements. The update is effective for interim and annual periods beginning after December 15, 2015, although early adoption is permitted. The guidance may be applied using a modified retrospective approach whereby the entity records a cumulative effect of adoption at the beginning of the fiscal year of initial application. A reporting entity may also apply the amendments on a full retrospective basis. The Company does not expect that this new guidance will have a significant impact on its consolidated financial statements. In May 2014, the Financial Accounting Standards Board, or FASB issued a new guidance on the recognition of revenue from contracts with customers, which includes a single set of rules and criteria for revenue recognition to be used across all industries. The new revenue guidance’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the guidance requires five basic steps: identify the contract with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when or as the entity satisfies a performance obligation. This guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods during the annual period. Early adoption is allowed for annual reporting periods beginning after December 15, 2016. Different transition methods are available - full retrospective method and a modified retrospective (cumulative effect) approach. The Company has not selected the transition method and is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements.

Net Loss Per Common Share (Tabl

Net Loss Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Basic and Diluted Net Loss Per Common Share	The following table sets forth the computation of net loss per share: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands, except per share data) Net loss attributable to the Company $ (6,355 ) $ (11,044 ) $ (20,246 ) $ (8,697 ) Weighted average common shares outstanding - basic 55,507 53,197 55,196 52,875 Dilutive effect of employee stock plans - - - - Weighted average common shares outstanding - diluted 55,507 53,197 55,196 52,875 Net loss per common share, basic $ (0.11 ) $ (0.21 ) $ (0.37 ) $ (0.16 ) Net loss per common share, diluted $ (0.11 ) $ (0.21 ) $ (0.37 ) $ (0.16 )
Summary of Outstanding Options and Restricted Stock Units Excluded from Computation of Diluted Net Loss Per Common Share	The following outstanding options and restricted stock units were excluded from the computation of diluted net loss per common share for the periods presented because including them would have had an anti-dilutive effect: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) Options to purchase common stock 2,186 2,853 2,186 2,853 Restricted stock units 2,627 2,423 2,627 2,423

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Inventories	Inventories As of June 30, 2015 As of December (in thousands) Work-in-process $ 36,196 $ 37,207 Finished goods 14,207 14,715 $ 50,403 $ 51,922
Property and Equipment, Net	Property and equipment, net As of June 30, 2015 As of December 31, 2014 (in thousands) Test equipment and mask costs $ 58,450 $ 50,591 Software, design tools, computer and other equipment 63,538 53,686 Furniture, office equipment and leasehold improvements 4,742 2,500 126,730 106,777 Less: accumulated depreciation and amortization (66,495 ) (49,814 ) $ 60,235 $ 56,963
Other Accrued Expenses And Other Current Liabilities	Other accrued expenses and other current liabilities As of June 30, 2015 As of December 31, 2014 (in thousands) Accrued compensation and related benefits $ 5,784 $ 4,855 Professional fees 1,304 1,029 Accrued royalty 732 638 Manufacturing rights payable (Note 11) 5,625 - Income tax payable 643 451 Other 862 809 $ 14,950 $ 7,782
Warranty Accrual	The following table presents a rollforward of the warranty liability, which is included within other accrued expenses and other current liabilities above: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 442 $ 172 $ 227 $ 167 Accruals and adjustments (23 ) 40 256 137 Settlements (55 ) (55 ) (119 ) (147 ) Ending balance $ 364 $ 157 $ 364 $ 157
Deferred Revenue	Deferred revenue As of June 30, 2015 As of December 31, 2014 (in thousands) Services/support and maintenance $ 6,455 $ 5,769 Software license/subscription 818 516 $ 7,273 $ 6,285

Goodwill and Intangible Asset20

Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Intangible assets, net As of June 30, 2015 Gross Accumulated Amortization Net Weighted average remaining amortization period (years) (in thousands) Technology licenses $ 68,575 (32,467 ) $ 36,108 6.50 Existing and core technology - product 42,085 (41,174 ) 911 1.49 Customer contracts and relationships 8,991 (8,987 ) 4 0.33 Trade name 2,296 (2,296 ) - - Order backlog 640 (640 ) - - Total amortizable intangible assets $ 122,587 $ (85,564 ) $ 37,023 6.38 As of December 31, 2014 Gross Accumulated Amortization Net Weighted average remaining amortization period (years) (in thousands) Technology licenses $ 64,002 $ (28,247 ) $ 35,755 7.07 Existing and core technology - product 42,085 (40,264 ) 1,821 1.39 Customer contracts and relationships 8,991 (8,965 ) 26 0.83 Trade name 2,296 (2,254 ) 42 0.17 Order backlog 640 (640 ) - - Total amortizable intangible assets $ 118,014 $ (80,370 ) $ 37,644 6.79
Estimated Future Amortization Expense From Amortizable Intangible Assets	The estimated future amortization expense of amortizable intangible assets is as follows (in thousands): Remainder of 2015 $ 4,285 2016 7,787 2017 5,796 2018 4,301 2019 3,956 2020 and thereafter 10,898 $ 37,023

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Stockholders Equity Note [Abstract]
Summary of Stock Options Granted and Outstanding	The following table summarizes the details related to stock options granted and outstanding under the 2007 Equity Incentive Plan and 2001 Stock Incentive Plan for the six months ended June 30, 2015: Number of Shares Outstanding Weighted Average Exercise Price Balance as of December 31, 2014 2,626,260 $ 20.62 Options granted 87,178 64.70 Options exercised (527,566 ) 14.88 Options cancelled and forfeited - - Balance as of June 30, 2015 2,185,872 23.76
Assumptions of Fair Value of Employee Option Grant Using Black-Scholes Option - Pricing Model	The fair value of each option grant for the three and six months ended June 30, 2015 and 2014 were estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions below. Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Risk-free interest rate 1.34% 1.26% 1.34% 1.26% Expected life 3.77 years 3.77 years 3.7 7 o 8 3.7 7 o 3 Dividend yield 0% 0% 0% 0% Volatility 40.96% 45.05% 40.96% 43.76%
Summary of Activity of Restricted Stock	The following table summarizes the details related to restricted stock units, or RSUs, granted and outstanding under the 2007 Equity Incentive Plan for the six months ended June 30, 2015: Number of Shares Weighted-Average Grant Date Fair Value Per Share Balance as of December 31, 2014 2,464,747 $ 39.21 Granted 872,022 61.34 Issued and released (664,146 ) 39.74 Cancelled and forfeited (46,050 ) 39.86 Balance as of June 30, 2015 2,626,573 46.42
Detail of Stock-Based Compensation Expense	The following table presents the detail of stock-based compensation expense amounts included in the condensed consolidated statement of operations for each of the periods presented: Three Months Ended Six Months Ended 2015 2014 2015 2014 (in thousands) Cost of revenue $ 185 $ 240 $ 382 $ 487 Research and development 7,301 5,629 14,096 11,033 Sales, general and administrative 4,290 4,363 8,997 8,299 $ 11,776 $ 10,232 $ 23,475 $ 19,819

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Provision for Income Taxes and Effective Tax Rates	The following table presents the provision for income taxes and the effective tax rates for the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) Loss before income taxes $ (5,694 ) $ (13,380 ) $ (19,284 ) $ (14,892 ) Provision for income taxes 661 311 962 554 Effective tax rate (11.6 )% (2.3 )% (5.0 )% (3.7 )%

Segment and Geographic Inform23

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Net Revenue by Markets	The net revenue by markets for the periods indicated was as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) Enterprise network, data center and access and service provider markets $ 95,023 $ 84,003 $ 187,420 $ 159,631 Broadband and consumer markets 9,938 6,678 19,319 14,291 $ 104,961 $ 90,681 $ 206,739 $ 173,922
Sales by Geography	Sales by geography for the periods indicated were as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) United States $ 37,211 $ 23,727 $ 69,216 $ 53,804 China 25,218 22,908 51,336 44,912 Finland 8,537 15,193 16,452 22,905 Taiwan 8,184 8,131 16,554 14,329 Korea 4,805 5,921 12,720 9,585 Mexico 8,468 4,602 18,004 9,252 Other countries 12,538 10,199 22,457 19,135 Total $ 104,961 $ 90,681 $ 206,739 $ 173,922
Long Lived Assets	The following table sets forth long lived assets, which consist of property and equipment, net by geographic regions: As of June 30, 2015 As of December (in thousands) United States $ 54,614 $ 49,856 All other countries 5,621 7,107 Total $ 60,235 $ 56,963

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Minimum Commitments Under Non-Cancelable Capital and Operating Leases and Technology License Obligations	Minimum commitments under non-cancelable operating and capital lease agreements as of June 30, 2015 are as follows: Capital lease and technology license obligations Operating leases Total (in thousands) Remainder of 2015 $ 12,013 $ 3,535 $ 15,548 2016 16,503 8,680 25,183 2017 7,353 8,731 16,084 2018 - 8,929 8,929 2019 - 8,847 8,847 2020 thereafter - 23,135 23,135 $ 35,869 $ 61,857 $ 97,726 Less: Interest component (3.75% annual rate) 1,505 Present value of minimum lease payment 34,364 Current portion of the obligations $ 18,383 Long-term portion of obligations $ 15,981

Net Loss Per Common Share (Basi

Net Loss Per Common Share (Basic and Diluted Net Loss Per Common Share) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net loss attributable to the Company	$ (6,355)	$ (11,044)	$ (20,246)	$ (8,697)
Weighted average common shares outstanding - basic	55,507	53,197	55,196	52,875
Weighted average common shares outstanding - diluted	55,507	53,197	55,196	52,875
Net loss per common share, basic	$ (0.11)	$ (0.21)	$ (0.37)	$ (0.16)
Net loss per common share, diluted	$ (0.11)	$ (0.21)	$ (0.37)	$ (0.16)

Net Loss Per Common Share (Summ

Net Loss Per Common Share (Summary of Outstanding Options and Restricted Stock Units Excluded from Computation of Diluted Net Loss Per Common Share) (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Options To Purchase Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of diluted net income (loss) per common share	2,186	2,853	2,186	2,853
Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of diluted net income (loss) per common share	2,627	2,423	2,627	2,423

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Money Market Funds And Short Term Bank Deposits | Fair Value, Inputs, Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents	$ 87.2	$ 93.2

Balance Sheet Components (Inven

Balance Sheet Components (Inventories) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventory Net [Abstract]
Work-in-process	$ 36,196	$ 37,207
Finished goods	14,207	14,715
Inventories	$ 50,403	$ 51,922

Balance Sheet Components (Prope

Balance Sheet Components (Property and Equipment, Net) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 126,730	$ 106,777
Less: accumulated depreciation and amortization	(66,495)	(49,814)
Property and equipment, net	60,235	56,963
Test Equipment and Mask Costs
Property Plant And Equipment [Line Items]
Property and equipment, gross	58,450	50,591
Software, Design Tools, Computer and Other Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	63,538	53,686
Furniture, Office Equipment and Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 4,742	$ 2,500

Balance Sheet Components (Narra

Balance Sheet Components (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Depreciation and amortization expense	$ 9.3	$ 4.5	$ 16.8	$ 8.7
Capital lease and certain financing arrangements	28.3		28.3		$ 35.8
Amortization expense related to assets under capital lease and certain financing arrangements	$ 3.7	$ 2	$ 7.4	$ 3.9

Balance Sheet Components (Other

Balance Sheet Components (Other Accrued Expenses and Other Current Liabilities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accrued compensation and related benefits	$ 5,784	$ 4,855
Professional fees	1,304	1,029
Accrued royalty	732	638
Manufacturing rights payable (Note 11)	5,625
Income tax payable	643	451
Other	862	809
Accrued expenses and other current liabilities	$ 14,950	$ 7,782

Balance Sheet Components (Warra

Balance Sheet Components (Warranty Accrual) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Product Warranty Accrual, Balance Sheet Classification [Abstract]
Beginning balance	$ 442	$ 172	$ 227	$ 167
Accruals and adjustments	(23)	40	256	137
Settlements	(55)	(55)	(119)	(147)
Ending balance	$ 364	$ 157	$ 364	$ 157

Balance Sheet Components (Defer

Balance Sheet Components (Deferred Revenue) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Deferred Revenue Arrangement [Line Items]
Deferred revenue	$ 7,273	$ 6,285
Service / Support and Maintenance
Deferred Revenue Arrangement [Line Items]
Deferred revenue	6,455	5,769
Software License / Subscription
Deferred Revenue Arrangement [Line Items]
Deferred revenue	$ 818	$ 516

Business Combination (Narrative

Business Combination (Narrative) (Detail) - USD ($) $ in Thousands

Apr. 29, 2015

Jul. 30, 2014

Oct. 31, 2014

Jun. 30, 2015

Mar. 31, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Dec. 31, 2013

Jan. 31, 2014

Dec. 31, 2014

Oct. 08, 2014

Business Acquisition [Line Items]

Cash advances in exchange for notes

$ 85,800

Change in estimated fair value of notes payable and other

$ (13,927)

$ (14,785)

Settlement to common shareholders of an acquired entity

$ 3,630

Net income loss

$ (6,355)

(11,044)

(20,246)

(8,697)

Manufacturing rights licensing fee

$ 52,225

38,834

$ 110,647

76,123

Xpliant

Business Acquisition [Line Items]

Settlement to common shareholders of an acquired entity

$ 1,100

$ 2,500

Business combination agreement date

Jul. 30, 2014

Original transaction agreement amended date

Oct. 8, 2014

Percentage of outstanding securities settled in amendment agreement

30.00%

70.00%

70.00%

Cash consideration to settle the non-controlling interest convertible notes and convertible security holder

$ 30,800

Cash bonus to employees

$ 1,700

Share issued under merger agreement

193,000

Fair value of shares issued under merger agreement

$ 8,700

Net income loss

(24,400)

$ (17,400)

$ (19,600)

Manufacturing rights licensing fee

7,500

Nine Convertible Notes Receivable

Business Acquisition [Line Items]

Cash advances in exchange for notes

10,000

Interest rate on notes receivable

6.00%

Convertible notes receivable maturity date

Aug. 31, 2014

Promissory Notes

Business Acquisition [Line Items]

Cash advances in exchange for notes

$ 75,800

Promissory Notes | Minimum

Business Acquisition [Line Items]

Promissory note, maturity date

Apr. 29, 2015

Promissory Notes | Maximum

Business Acquisition [Line Items]

Promissory note, maturity date

Mar. 31, 2016

Several Convertible Note Receivable | Noncontrolling Interest

Business Acquisition [Line Items]

Interest rate on notes receivable

6.00%

Convertible notes receivable maturity date

Aug. 31, 2014

Cash advances in exchange for notes

$ 13,000

Notes payable and other

$ 2,900

Convertible note to third party investor paid by Variable Interest Entity

$ 1,000

Goodwill and Intangible Asset35

Goodwill and Intangible Assets, Net (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 71,478		$ 71,478		$ 71,478
Amortization expense	$ 2,300	$ 3,500	$ 5,200	$ 7,200

Goodwill and Intangible Asset36

Goodwill and Intangible Assets, Net (Intangible Assets, Net) (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Finite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross	$ 122,587	$ 118,014
Finite-lived intangible assets, Accumulated Amortization	(85,564)	(80,370)
Finite-lived intangible assets, Net	$ 37,023	$ 37,644
Weighted average remaining amortization period (years)	6 years 4 months 17 days	6 years 9 months 15 days
Technology licenses
Finite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross	$ 68,575	$ 64,002
Finite-lived intangible assets, Accumulated Amortization	(32,467)	(28,247)
Finite-lived intangible assets, Net	$ 36,108	$ 35,755
Weighted average remaining amortization period (years)	6 years 6 months	7 years 26 days
Existing and core technology - product
Finite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross	$ 42,085	$ 42,085
Finite-lived intangible assets, Accumulated Amortization	(41,174)	(40,264)
Finite-lived intangible assets, Net	$ 911	$ 1,821
Weighted average remaining amortization period (years)	1 year 5 months 27 days	1 year 4 months 21 days
Customer contracts and relationships
Finite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross	$ 8,991	$ 8,991
Finite-lived intangible assets, Accumulated Amortization	(8,987)	(8,965)
Finite-lived intangible assets, Net	$ 4	$ 26
Weighted average remaining amortization period (years)	3 months 29 days	9 months 29 days
Trade name
Finite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross	$ 2,296	$ 2,296
Finite-lived intangible assets, Accumulated Amortization	(2,296)	(2,254)
Finite-lived intangible assets, Net		$ 42
Weighted average remaining amortization period (years)		2 months 1 day
Order backlog
Finite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross	640	$ 640
Finite-lived intangible assets, Accumulated Amortization	$ (640)	$ (640)

Goodwill and Intangible Asset37

Goodwill and Intangible Assets, Net (Estimated Future Amortization Expense from Amortizable Intangible Assets) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2015	$ 4,285
2,016	7,787
2,017	5,796
2,018	4,301
2,019	3,956
2020 and thereafter	10,898
Finite-lived intangible assets, Net	$ 37,023	$ 37,644

Restructuring Accrual (Narrativ

Restructuring Accrual (Narrative) (Detail) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Dec. 31, 2014
Restructuring Cost And Reserve [Line Items]
Lease expiration period				Oct. 1, 2022
Accrued restructuring related payables	$ 0			$ 0	$ 0
Severance And Other Benefits
Restructuring Cost And Reserve [Line Items]
Additional restructuring accrual		$ 600,000	$ 600,000
Excess Facility Related Cost
Restructuring Cost And Reserve [Line Items]
Additional restructuring accrual		$ 200,000
Lease expiration period	Dec. 31, 2014

Stockholders Equity (Summary of

Stockholders Equity (Summary of Stock Options Granted and Outstanding) (Detail) - 6 months ended Jun. 30, 2015 - 2007 Equity Incentive Plan and 2001 Stock Incentive Plan - Employee Stock Option - $ / shares	Total
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares Outstanding, Beginning balance	2,626,260
Number of Shares Outstanding, Options granted	87,178
Number of Shares Outstanding, Options exercised	(527,566)
Number of Shares Outstanding, Ending balance	2,185,872
Weighted Average Exercise Price, Beginning balance	$ 20.62
Weighted Average Exercise Price, Options granted	64.70
Weighted Average Exercise Price, Options exercised	14.88
Weighted Average Exercise Price, Ending balance	$ 23.76

Stockholders Equity (Assumption

Stockholders Equity (Assumptions of Fair Value of Employee Option Grant Using Black-Scholes Option Pricing Model) (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate	1.34%	1.26%
Expected life	3 years 9 months 7 days	3 years 9 months 7 days
Dividend yield	0.00%	0.00%	0.00%	0.00%
Volatility	40.96%	45.05%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate			1.34%	1.26%
Expected life			3 years 9 months 7 days	3 years 9 months 7 days
Volatility			40.96%	43.76%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate			1.41%	1.47%
Expected life			4 years 6 months 29 days	4 years 6 months 11 days
Volatility			43.03%	45.05%

Stockholders Equity (Narrative)

Stockholders Equity (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	May. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Estimated weighted-average grant date fair value of options granted		$ 24.95	$ 17.99	$ 23.79	$ 14.63
Unrecognized compensation cost, net of estimated forfeitures		$ 4.9		$ 4.9
Unrecognized compensation cost expected to be recognized over weighted average period (in years)				2 years 3 months 26 days
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost, net of estimated forfeitures		96.7		$ 96.7
Unrecognized compensation cost expected to be recognized over weighted average period (in years)				2 years 8 months 12 days
Restricted Stock Units (RSUs) | One-Year Performance Officers
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSU's granted				$ 2.1
Compensation expense vesting period (in years)				1 year
Restricted Stock Units (RSUs) | Two-Year Performance
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSU's granted				$ 0.7
Compensation expense vesting period (in years)				2 years
Restricted Stock Units (RSUs) | One Year Performance Other
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSU's granted	$ 1.5
Restricted Stock Units (RSUs) | Four-Year Performance
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense vesting period (in years)				4 years
Number of consecutive trading period				30 days
Market-Performance Based RSU's
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSU's granted		$ 1.5		$ 1.5

Stockholders Equity (Summary 42

Stockholders Equity (Summary of Activity of Restricted Stock) (Detail) - 6 months ended Jun. 30, 2015 - 2007 Stock Incentive Plan - Restricted Stock Units (RSUs) - $ / shares	Total
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance	2,464,747
Number of Shares, Granted	872,022
Number of Shares, Issued and released	(664,146)
Number of Shares, Cancelled and forfeited	(46,050)
Number of Shares, Ending balance	2,626,573
Weighted-Average Grant Date Fair Value Per Share, Beginning balance	$ 39.21
Weighted-Average Grant Date Fair Value Per Share, Granted	61.34
Weighted-Average Grant Date Fair Value Per Share, Issued and released	39.74
Weighted-Average Grant Date Fair Value Per Share, Cancelled and forfeited	39.86
Weighted-Average Grant Date Fair Value Per Share, Ending balance	$ 46.42

Stockholders Equity (Detail of

Stockholders Equity (Detail of Stock-Based Compensation Expense) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 11,776	$ 10,232	$ 23,475	$ 19,819
Cost of revenue
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	185	240	382	487
Research and development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	7,301	5,629	14,096	11,033
Sales, general and administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 4,290	$ 4,363	$ 8,997	$ 8,299

Income Taxes (Provision for Inc

Income Taxes (Provision for Income Taxes and Effective Tax Rates) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (5,694)	$ (13,380)	$ (19,284)	$ (14,892)
Provision for income taxes	$ 661	$ 311	$ 962	$ 554
Effective tax rate	(11.60%)	(2.30%)	(5.00%)	(3.70%)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Unrecognized tax benefits for income taxes	$ 16,700,000	$ 16,300,000
Unrecognized tax benefit that would impact effective tax rate	900,000
Accrued potential penalties and interest	$ 0	$ 0

Segment and Geographic Inform46

Segment and Geographic Information - (Narrative) (Detail)	6 Months Ended
	Jun. 30, 2015Segment
Segment Reporting [Abstract]
Number of operating segments	1

Segment and Geographic Inform47

Segment and Geographic Information (Net Revenue by Markets) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net revenue	$ 104,961	$ 90,681	$ 206,739	$ 173,922
Enterprise Network, Data Center and Access and Service Provider Markets
Segment Reporting Information [Line Items]
Net revenue	95,023	84,003	187,420	159,631
Broadband and Consumer Markets
Segment Reporting Information [Line Items]
Net revenue	$ 9,938	$ 6,678	$ 19,319	$ 14,291

Segment and Geographic Inform48

Segment and Geographic Information (Sales by Geography) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net revenue	$ 104,961	$ 90,681	$ 206,739	$ 173,922
United States
Segment Reporting Information [Line Items]
Net revenue	37,211	23,727	69,216	53,804
China
Segment Reporting Information [Line Items]
Net revenue	25,218	22,908	51,336	44,912
Finland
Segment Reporting Information [Line Items]
Net revenue	8,537	15,193	16,452	22,905
Taiwan
Segment Reporting Information [Line Items]
Net revenue	8,184	8,131	16,554	14,329
Korea
Segment Reporting Information [Line Items]
Net revenue	4,805	5,921	12,720	9,585
Mexico
Segment Reporting Information [Line Items]
Net revenue	8,468	4,602	18,004	9,252
Other Countries
Segment Reporting Information [Line Items]
Net revenue	$ 12,538	$ 10,199	$ 22,457	$ 19,135

Segment and Geographic Inform49

Segment and Geographic Information (Long Lived Assets) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Property and equipment, net	$ 60,235	$ 56,963
United States
Segment Reporting Information [Line Items]
Property and equipment, net	54,614	49,856
All Other Countries
Segment Reporting Information [Line Items]
Property and equipment, net	$ 5,621	$ 7,107

Commitments and Contingencies50

Commitments and Contingencies (Narrative) (Detail) $ in Thousands	Jan. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Mar. 30, 2015Installments
Disclosure Commitments And Contingencies Narrative Detail [Line Items]
Lease expiration period					Oct. 1, 2022
Operating leases, rent expense		$ 1,900		$ 1,700	$ 3,700	$ 3,100
Manufacturing rights licensing fee		$ 52,225		$ 38,834	$ 110,647	$ 76,123
Aggregate billings for the reported exports under exposure	$ 500
Xpliant
Disclosure Commitments And Contingencies Narrative Detail [Line Items]
Manufacturing rights licensing fee			$ 7,500
Number of equal installments | Installments							4
License fee periodic payment description					The manufacturing rights licensing fee is payable in 4 equal quarterly payments, with the first installment payment due on April 29, 2015 and each of the subsequent three installment payments being due on the first day of the following calendar quarter.
Royalty fee periodic payment description					The royalty shall be payable within 30 days after the end of each calendar quarter following the sale.

Commitments and Contingencies51

Commitments and Contingencies (Minimum Commitments Under Non-Cancelable Capital and Operating Leases and Technology License Obligations) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Total capital lease, technology license and operating lease obligations
Current portion of the obligations	$ 18,383	$ 23,002
Long-term portion of obligations	15,981	$ 22,894
Total	97,726
Remainder of 2015	15,548
2,016	25,183
2,017	16,084
2,018	8,929
2,019	8,847
2020 thereafter	23,135
Capital Lease and Technology License Obligations
Total capital lease, technology license and operating lease obligations
Remainder of 2015	12,013
2,016	16,503
2,017	7,353
Total	35,869
Less: Interest component (3.75% annual rate)	1,505
Present value of minimum lease payment	34,364
Operating Leases
Total capital lease, technology license and operating lease obligations
Remainder of 2015	3,535
2,016	8,680
2,017	8,731
2,018	8,929
2,019	8,847
2020 thereafter	23,135
Total	$ 61,857

Commitments and Contingencies52

Commitments and Contingencies (Minimum Commitments Under Non-Cancelable Capital and Operating Leases and Technology License Obligations) (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Interest component	3.75%