Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 28, 2014 | Nov. 06, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 28-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'IKAN | ' |
Entity Registrant Name | 'IKANOS COMMUNICATIONS, INC. | ' |
Entity Central Index Key | '0001219210 | ' |
Current Fiscal Year End Date | '--12-28 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 139,329,469 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $6,537 | $36,043 |
Short-term investments | 148 | 3,473 |
Accounts receivable | 11,003 | 15,892 |
Inventory | 886 | 2,017 |
Prepaid expenses and other current assets | 3,452 | 3,245 |
Total current assets | 22,026 | 60,670 |
Property and equipment, net | 9,355 | 8,612 |
Intangible assets, net | 359 | 718 |
Other assets | 1,975 | 1,952 |
Total assets | 33,715 | 71,952 |
Current liabilities: | ' | ' |
Revolving line | 4,937 | 12,000 |
Accounts payable | 4,116 | 4,692 |
Accrued liabilities | 7,679 | 8,232 |
Total current liabilities | 16,732 | 24,924 |
Long-term liabilities | 1,337 | 1,637 |
Total liabilities | 18,069 | 26,561 |
Commitments and contingencies (Note 8) | ' | ' |
Stockholders' equity | 15,646 | 45,391 |
Total liabilities and stockholders' equity | $33,715 | $71,952 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Income Statement [Abstract] | ' | ' | ' | ' |
Revenue | $11,079 | $16,900 | $36,847 | $62,167 |
Cost of revenue | 6,227 | 8,263 | 19,438 | 30,272 |
Gross profit | 4,852 | 8,637 | 17,409 | 31,895 |
Operating expenses: | ' | ' | ' | ' |
Research and development | 10,822 | 12,455 | 36,906 | 38,572 |
Selling, general and administrative | 4,000 | 4,589 | 12,926 | 14,227 |
Total operating expenses | 14,822 | 17,044 | 49,832 | 52,799 |
Loss from operations | -9,970 | -8,407 | -32,423 | -20,904 |
Interest and other expense, net | -120 | -147 | -7 | -507 |
Loss before provision for income taxes | -10,090 | -8,554 | -32,430 | -21,411 |
Provision for income taxes | 190 | 111 | 485 | 343 |
Net loss | ($10,280) | ($8,665) | ($32,915) | ($21,754) |
Basic and diluted net loss per share | ($0.10) | ($0.12) | ($0.33) | ($0.31) |
Weighted average number of shares (basic and diluted) | 99,284 | 71,662 | 99,045 | 71,086 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net loss | ($10,280) | ($8,665) | ($32,915) | ($21,754) |
Other comprehensive loss, net of tax | 0 | 0 | 0 | 0 |
Comprehensive loss | ($10,280) | ($8,665) | ($32,915) | ($21,754) |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 |
Cash flows from operating activities: | ' | ' |
Net loss | ($32,915) | ($21,754) |
Adjustments to reconcile net loss to net cash used by operating activities: | ' | ' |
Depreciation and amortization | 3,035 | 3,274 |
Stock-based compensation expense | 2,793 | 2,650 |
Amortization of intangible assets and acquired technology | 359 | 692 |
Changes in assets and liabilities: | ' | ' |
Accounts receivable | 4,889 | 1,905 |
Inventory | 1,131 | 6,551 |
Prepaid expenses and other assets | -230 | 2,614 |
Accounts payable and accrued liabilities | -2,150 | -5,287 |
Net cash used in operating activities | -23,088 | -9,355 |
Cash flows from investing activities: | ' | ' |
Purchases of property and equipment | -3,055 | -3,132 |
Purchases of investments | -5,068 | -4,679 |
Maturities and sales of investments | 8,393 | 3,958 |
Net cash provided by (used in) investing activities | 270 | -3,853 |
Cash flows from financing activities: | ' | ' |
Net proceeds from issuances of common stock and exercise of stock options | 375 | 1,156 |
Net proceeds from private stock offering | 0 | 0 |
Net proceeds from revolving line | 20,329 | 23,300 |
Net repayments to revolving line | -27,392 | -17,500 |
Net cash provided by (used in) financing activities | -6,688 | 6,956 |
Net decrease in cash and cash equivalents | -29,506 | -6,252 |
Cash and cash equivalents at beginning of period | 36,043 | 28,391 |
Cash and cash equivalents at end of period | $6,537 | $22,139 |
Ikanos_and_Summary_of_Signific
Ikanos and Summary of Significant Accounting Policies | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Ikanos and Summary of Significant Accounting Policies | ' | ||||||||||||||||
Note 1 – Ikanos and Summary of Significant Accounting Policies | |||||||||||||||||
The Company | |||||||||||||||||
Ikanos Communications, Inc. (“Ikanos” or the “Company”) was incorporated in the State of California in April 1999 and reincorporated in the State of Delaware in September 2005. The Company is a provider of advanced semiconductor products and software for delivering high speed broadband solutions to the connected home. The Company’s broadband multi-mode and digital subscriber line (“DSL”) processors and other semiconductor offerings power carrier infrastructure (referred to as “Access”) and customer premises equipment (referred to as “Gateway”) for network equipment manufacturers (“NEMs”) who, in turn, serve leading telecommunications service providers. | |||||||||||||||||
On September 29, 2014, the Company entered into a collaboration agreement with Alcatel-Lucent USA, Inc. (along with Alcatel-Lucent Participations, collectively known as “ALU”) on the development of ultra-broadband products. As described in Note 10-Subsequent Events, in connection with the collaboration, ALU and a group of investors affiliated with Tallwood Venture Capital (the “Tallwood Group”) collectively agreed to a financial commitment of up to $45.0 million, which consists of the purchase of approximately 39.6 million shares of the Company’s common stock at $0.41 per share for aggregate gross proceeds of $16.3 million, ALU’s commitment to loan the Company up to $10.0 million following the satisfaction of certain conditions (the “ALU Loan Agreement”), the Tallwood Group’s agreement to purchase an aggregate of an additional $11.2 million of common stock at the same per share price in either the contemplated rights offering (discussed below) or as a standby purchaser, and ALU’s agreement to provide an addition $7.5 million of other funding associated with the collaboration, subject to entry into a definitive collaboration agreement. | |||||||||||||||||
The accompanying consolidated financial statements of the Company have been prepared on a basis that assumes that the Company will continue as a going concern and contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. | |||||||||||||||||
Liquidity | |||||||||||||||||
The Company incurred net losses of $10.3 million and $32.9 million for the quarter and nine months ended September 28, 2014, respectively, and had an accumulated deficit of $359.0 million as of September 28, 2014. The Company incurred a net loss of $30.4 million for the year ended December 29, 2013 and had an accumulated deficit of $326.1 million as of December 29, 2013. As discussed above, the Company has a financial commitment of up to $45.0 million from ALU and the Tallwood Group. The Company intends to commence a rights offering pursuant to which stockholders of record on September 26, 2014 may purchase shares of the Company’s common stock (the “Rights Offering”). There can be no assurance that the Company will raise additional capital in the Rights Offering, other than the Tallwood Group’s commitment as discussed above. | |||||||||||||||||
As a result of the Company’s recurring losses from operations and the need to stay in compliance with certain debt covenants, if the Company is unable to raise sufficient additional capital through the Rights Offering or through alternative debt or equity arrangements, there will be uncertainty regarding the Company’s ability to maintain liquidity sufficient to operate its business effectively, which raises substantial doubt as to the Company’s ability to continue as a going concern. There can be no assurance that such additional capital, whether in the form of debt or equity financing, will be sufficient or available and, if available, that such capital will be offered on terms and conditions acceptable to the Company. | |||||||||||||||||
The Company utilizes a revolving line of credit under a Loan and Security Agreement (the “SVB Loan Agreement”) with Silicon Valley Bank (“SVB”) to partially fund its operations. This facility is subject to certain affirmative, negative, and financial covenants. On April 30, 2014, the Company sought and received an amendment to the SVB Loan Agreement prospectively eliminating one of the covenants required to be met at June 29, 2014, and modifying others. However, the Company was not in compliance with the covenants at September 28, 2014. The Company has been in discussions with SVB to revise these covenants and to discuss the Company’s refinancing initiatives. Accordingly, during September 2014, SVB notified the Company that the covenant violations would be forborn until a new facility with SVB could be completed or the Company had completed private equity placements to raise additional capital. As discussed in Note 6, on October 7, 2014, the Company entered into a First Amended and Restated Loan and Security Agreement (the “Amended SVB Loan Agreement”) with SVB under which SVB agreed to make advances under the revolving line of credit of up to $20.0 million, subject to certain restrictions. The Amended SVB Loan Agreement will expire on October 7, 2017. The Company will need to continue to take further actions to generate adequate cash flows to ensure compliance with the Amended SVB Loan Agreement and to fund its capital requirements. | |||||||||||||||||
The Company’s common stock has traded below $1.00 per share on The NASDAQ Capital Market (“NASDAQ”) since January 31, 2014. On March 18, 2014, the Company received notification from NASDAQ indicating that it was not in compliance with Nasdaq Marketplace Rule 5550(a)(2), which Rule provides that securities listed on NASDAQ must maintain a minimum closing bid price of $1.00 per share and that based upon the closing bid price for the Company’s securities for the previous 30 consecutive business days, it no longer met this requirement. NASDAQ further notified the Company that, in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), it would be provided 180 calendar days, or until September 15, 2014, to regain compliance by achieving a closing bid price of its securities of at least $1.00 per share for a minimum of ten consecutive business days at any time during the 180 calendar day period. On September 2, 2014, as the Company did not anticipate regaining compliance by September 15, 2014, the Company requested NASDAQ grant to the Company a second 180 day compliance period. The Company did not regain compliance by September 15, 2014. On September 16, 2014, NASDAQ notified the Company that it was eligible for a second 180 calendar day compliance period, or until March 16, 2015, to regain compliance, based on having met the continued listing requirements for market value of publicly held shares and all other applicable requirements for initial listing on NASDAQ, with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the bid price deficiency during the second compliance period by effecting a reverse stock split, if necessary. However, there can be no guarantee that the Company will be able to regain compliance with the continued listing requirement of Nasdaq Marketplace Rule 5550(a)(2) within this second 180 calendar day compliance period. | |||||||||||||||||
Basis of Presentation | |||||||||||||||||
The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. | |||||||||||||||||
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”), the rules and regulations of the Securities and Exchange Commission (“SEC”), and accounting policies consistent with those applied in preparing the Company’s audited annual consolidated financial statements. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with these rules and regulations. The information in this Quarterly Report should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in its Annual Report on Form 10-K filed with the SEC on February 28, 2014 (“Annual Report”). | |||||||||||||||||
In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) necessary to a fair statement of the Company’s financial position, results of operations, and cash flows for the interim periods presented. The operating results for the three and nine month periods ended September 28, 2014 are not necessarily indicative of the results that may be expected for the full fiscal year ending December 28, 2014, or for any other future period. | |||||||||||||||||
Use of Estimates | |||||||||||||||||
The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions. The Company believes that the estimates, judgments, and assumptions upon which it relies are reasonable based upon information available to it at the time that these estimates, judgments, and assumptions are made. These estimates, judgments, and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenue and expenses during the periods presented. To the extent that there are material differences between these estimates and actual results, the Company’s financial statements would be affected. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require the Company’s management’s judgment in its application. There are also areas in which the Company’s management’s judgment in selecting any available alternative would not produce a materially different result. | |||||||||||||||||
Recent Accounting Pronouncements | |||||||||||||||||
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” This guidance applies to any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. This guidance supersedes existing revenue recognition guidance, including most industry-specific guidance, as well as certain related guidance on accounting for contract costs. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is effective for fiscal years and interim periods within those years beginning after December 15, 2016. Early adoption is not permitted. An entity should apply the guidance using one of two methods: retrospectively to each prior reporting period presented, with practical expedients or retrospectively with the cumulative effect of initial adoption of the guidance recognized at the date of initial application. The Company is currently evaluating the effect that the standard will have upon our consolidated financial statements. | |||||||||||||||||
In August 2014, the FASB issued ASU No. 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”), to provide guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is in the process of evaluating the provisions of ASU 2014-15. | |||||||||||||||||
Summary of Significant Accounting Policies | |||||||||||||||||
The Company’s significant accounting policies are described in its Annual Report at Note 1 to the audited Consolidated Financial Statements for the year ended December 29, 2013. These accounting policies have not significantly changed. | |||||||||||||||||
Concentration of Credit Risk | |||||||||||||||||
Financial instruments that potentially subject the Company to significant concentrations of credit risk consist of cash, cash equivalents, and accounts receivable and, in prior years, investments. Cash and cash equivalents are held with a limited number of financial institutions. Deposits held with these financial institutions may exceed the amount of insurance provided on such deposits. Management believes that the financial institutions that hold the Company’s deposits are creditworthy and, accordingly, minimal credit risk exists with respect to those deposits. At September 28, 2014, the Company had short-term investments consisting solely of certificates of deposit. In prior years, marketable securities have included commercial paper, corporate bonds, government securities, and auction rate securities. All investments were classified as available-for-sale. The Company does not hold or issue financial instruments for trading purposes. | |||||||||||||||||
Credit risk with respect to accounts receivable is concentrated due to the small number of customers in any particular reporting period. Four customers represented 29%, 25%, 13%, and 10% of accounts receivable at September 28, 2014. Three customers represented 35%, 10%, and 10% of accounts receivable at December 29, 2013. Four customers accounted for 28%, 22%, 12%, and 12% of revenue for the three months ended September 28, 2014. Three customers accounted for 26%, 25%, and 13% of revenue for the nine months ended September 28, 2014. Four customers accounted for 32%, 11%, 11%, and 10% of revenue for the three months ended September 29, 2013. Three customers accounted for 25%, 14%, and 10% of revenue for the nine months ended September 29, 2013. | |||||||||||||||||
In the third quarter of 2014, the Company derived 28% of its revenue from Sagemcom SAS (“Sagemcom”) and 22% of its revenue from Amod Technology Co., Ltd. (“Amod”). Amod is a distributor that sells its purchases from the Company to Askey Computer Corporation (“Askey”), which is a contract manufacturer for Sagemcom. For the first nine months of 2014, the Company derived 26% of its revenue from Sagemcom and 25% of its revenue from Amod. In the third quarter of 2013, the Company derived 32% of its revenue from Sagemcom and an additional 3% of its revenue from Askey. In the first nine months of 2013, the Company derived 25% of its revenue from Sagemcom and an additional 16% of its revenue from two Sagemcom contract manufacturers – Askey (14%) and Jabil Industrial do Brasil Ltda. (2%). | |||||||||||||||||
Concentration of Other Risk | |||||||||||||||||
The semiconductor industry is characterized by rapid technological change, competitive pricing pressures, and cyclical market patterns. The Company’s results of operations are affected by a wide variety of factors, including general economic conditions; economic conditions specific to the semiconductor industry; demand for the Company’s products; the timely introduction of new products; implementation of new manufacturing technologies; manufacturing capacity; the availability of materials and supplies; competition; the ability to safeguard patents and intellectual property in a rapidly evolving market; and reliance on assembly and wafer fabrication subcontractors and on independent distributors and sales representatives. As a result, the Company may experience substantial period-to-period fluctuations due to these and other factors. | |||||||||||||||||
Net Loss per Share | |||||||||||||||||
Basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Potentially dilutive securities have been excluded from the computation of diluted net loss per share as their inclusion is anti-dilutive. The calculation of basic and diluted net loss per share was as follows (in thousands, except per share amounts): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net loss | $ | (10,280 | ) | $ | (8,665 | ) | $ | (32,915 | ) | $ | (21,754 | ) | |||||
Weighted average number of shares, basic and diluted, outstanding | 99,284 | 71,662 | 99,045 | 71,086 | |||||||||||||
Basic and diluted net loss per share | $ | (0.10 | ) | $ | (0.12 | ) | $ | (0.33 | ) | $ | (0.31 | ) | |||||
The following potential common shares have been excluded from the calculation of diluted net loss per share as their effect would have been anti-dilutive (in thousands): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Anti-dilutive securities: | |||||||||||||||||
Outstanding warrants to purchase common stock(1) | — | 7,800 | — | 7,800 | |||||||||||||
Weighted average restricted stock units | 4,912 | 34 | 2,510 | 42 | |||||||||||||
Weighted-average outstanding options to purchase common stock | 18,304 | 18,407 | 18,248 | 17,553 | |||||||||||||
23,216 | 26,241 | 20,758 | 25,395 | ||||||||||||||
(1) | Warrants held by the Tallwood Group expired on August 24, 2014. |
Cash_and_Cash_Equivalents_Inve
Cash and Cash Equivalents, Investments and Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Cash and Cash Equivalents, Investments and Fair Value Measurements | ' | ||||||||||||||||
Note 2 – Cash and Cash Equivalents, Investments and Fair Value Measurements | |||||||||||||||||
Cash and cash equivalents include cash and money market securities for which quoted active prices are available. The Company considers all highly liquid investments with a maturity of 90 or fewer days at the date of purchase to be cash equivalents. The Company held no money market funds at both September 28, 2014 and December 29, 2013. | |||||||||||||||||
At September 28, 2014 and December 29, 2013, the Company’s short-term investments consisted solely of certificates of deposit. The following is a summary of the Company’s short-term investments (in thousands): | |||||||||||||||||
September 28, 2014 | |||||||||||||||||
Cost | Gross | Estimated | |||||||||||||||
Unrealized Gain | Fair Value | ||||||||||||||||
Certificates of deposit | $ | 148 | $ | — | $ | 148 | |||||||||||
December 29, 2013 | |||||||||||||||||
Cost | Gross | Estimated | |||||||||||||||
Unrealized Gain | Fair Value | ||||||||||||||||
Certificates of deposit | $ | 3,473 | $ | — | $ | 3,473 | |||||||||||
There were no unrealized losses on investments aggregated by category at September 28, 2014. | |||||||||||||||||
The Company’s certificates of deposit are classified as available-for-sale as of the balance sheet date. Due to their short term and relatively risk-free nature, the face value of the money market funds and certificates of deposit are considered equivalent to their fair value and, therefore, there are no unrealized gains or losses. | |||||||||||||||||
Fair Value Measurements | |||||||||||||||||
Fair value is an exit price which represents the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, authoritative guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows: observable inputs such as quoted prices in active markets (Level 1); inputs other than the quoted prices in active markets that are observable either directly or indirectly (Level 2); and unobservable inputs in which there is little or no market data, which require the Company to develop its own assumptions (Level 3). This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. On a recurring basis, the Company measures certain financial assets, mainly comprised of marketable securities, at fair value. | |||||||||||||||||
The Company’s cash and investment instruments at September 28, 2014 and December 29, 2013 are classified within Level 2 of the fair value hierarchy. The types of Level 1 instruments, valued based on quoted market prices in active markets, include money market securities. Level 2 types of instruments consist of short-term certificates of deposit. The investments are not traded on an open market, but held at a financial institution. The certificates of deposit are highly liquid and have maturities of less than one year. Due to their short-term maturities, the Company has determined that the fair value of these instruments is their face value. Level 3 types of instruments are valued based on unobservable inputs in which there is little or no market data and which require the Company to develop its own assumptions. The fair value hierarchy of the Company’s marketable securities at September 28, 2014 and December 29, 2013 was (in thousands): | |||||||||||||||||
September 28, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Certificates of deposit | $ | — | $ | 148 | $ | — | $ | 148 | |||||||||
December 29, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Certificates of deposit | $ | — | $ | 3,473 | $ | — | $ | 3,473 | |||||||||
Inventory
Inventory | 9 Months Ended | ||||||||
Sep. 28, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventory | ' | ||||||||
Note 3 – Inventory | |||||||||
Inventory consisted of the following (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2014 | 2013 | ||||||||
Finished goods | $ | 831 | $ | 1,385 | |||||
Purchased parts and raw materials | 55 | 632 | |||||||
$ | 886 | $ | 2,017 | ||||||
The Company has an agreement with eSilicon Corporation (“eSilicon”) under which a majority of its day-to-day supply chain management, production test engineering, and production quality engineering functions have been transferred to eSilicon under a Master Services and Supply Agreement (the “Service Agreement”). Pursuant to the Service Agreement, the Company places orders for its finished goods with eSilicon, which, in turn, contracts with wafer foundries and the assembly and test subcontractors and manages these operational functions for the Company on a day-to-day basis. | |||||||||
As part of the Service Agreement, the Company has prepaid for certain wafers purchased by eSilicon on behalf of the Company. Prepayments under the arrangement were $0.8 million at both September 28, 2014 and December 29, 2013. The prepayments are classified in prepaid expenses. The Company has no work-in-process inventory. At September 28, 2014, the Company had $6.4 million of non-cancellable purchase obligations with eSilicon. |
Property_and_Equipment
Property and Equipment | 9 Months Ended | ||||||||
Sep. 28, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property and Equipment | ' | ||||||||
Note 4 – Property and Equipment | |||||||||
Property and equipment consisted of the following (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2014 | 2013 | ||||||||
Machinery and equipment | $ | 24,399 | $ | 23,053 | |||||
Software | 14,592 | 11,522 | |||||||
Computer equipment | 6,173 | 5,927 | |||||||
Furniture and fixtures | 991 | 988 | |||||||
Leasehold improvements | 1,821 | 1,842 | |||||||
Construction in progress | — | 1,051 | |||||||
47,976 | 44,383 | ||||||||
Less: Accumulated depreciation and amortization | (38,621 | ) | (35,771 | ) | |||||
$ | 9,355 | $ | 8,612 | ||||||
Depreciation and amortization expense for property and equipment was $1.0 million and $1.1 million for the three months ended September 28, 2014 and September 29, 2013, respectively. Depreciation and amortization expense for property and equipment was $3.0 million and $3.3 million for the nine months ended September 28, 2014 and September 29, 2013, respectively. |
Purchased_Intangible_Assets
Purchased Intangible Assets | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
Purchased Intangible Assets | ' | ||||||||||||||||
Note 5 – Purchased Intangible Assets | |||||||||||||||||
The carrying value of intangible assets is as follows (in thousands): | |||||||||||||||||
September 28, 2014 | |||||||||||||||||
Gross | Accumulated | Net | Useful | ||||||||||||||
Carrying | Amortization | Amount | life | ||||||||||||||
Amount | (Years) | ||||||||||||||||
Existing technology | $ | 14,825 | $ | (14,466 | ) | $ | 359 | 3 | |||||||||
December 29, 2013 | |||||||||||||||||
Gross | Accumulated | Net | Useful | ||||||||||||||
Carrying | Amortization | Amount | life | ||||||||||||||
Amount | (Years) | ||||||||||||||||
Existing technology | $ | 14,825 | $ | (14,107 | ) | $ | 718 | 3 | |||||||||
For the three months ended September 28, 2014 and September 29, 2013, the amortization of intangible assets was $0.1 million and $0.2 million, respectively. For the nine months ended September 28, 2014 and September 29, 2013 the amortization of intangible assets was $0.4 million and $0.7 million, respectively. The estimated future amortization of purchased intangible assets as of September 28, 2014 was $0.2 million for the remainder of 2014 and $0.2 million in 2015. |
Loan_and_Security_Agreement
Loan and Security Agreement | 9 Months Ended |
Sep. 28, 2014 | |
Debt Disclosure [Abstract] | ' |
Loan and Security Agreement | ' |
Note 6 — Loan and Security Agreement | |
On January 14, 2011, the Company entered into the SVB Loan Agreement under which SVB agreed to make advances under a revolving line of credit of up to $15.0 million, subject to certain restrictions. Advances under the SVB Loan Agreement may be used solely for working capital purposes. Borrowings, if any, under the SVB Loan Agreement bear interest at the greater of SVB’s prime rate or 4.00% plus 50 basis points. The SVB Loan Agreement provides for a first priority perfected lien on, and pledge of, all of the Company’s present and future assets. Interest accrues at 0.50% on the average unused portion of the line of credit. The SVB Loan Agreement’s original maturity date was January 14, 2013, however, the SVB Loan Agreement has been amended periodically, including extensions of the maturity date. | |
On April 30, 2014, the Company sought and received an amendment to the SVB Loan Agreement prospectively eliminating one of the covenants required to be met as of June 29, 2014, and modifying others. The Company was not in compliance with the covenants as of September 28, 2014, however, SVB agreed to forbear its enforcement of the covenant violations until a new facility with SVB could be completed or the Company had completed. | |
On October 7, 2014, the Company entered into a First Amended and Restated Loan and Security Agreement (the “Amended SVB Loan Agreement”) with SVB under which SVB agreed to make advances under the revolving line of credit of up to $20.0 million, subject to certain restrictions. The Amended SVB Loan Agreement will expire on October 7, 2017. Advances under the Amended SVB Loan Agreement may be used solely for working capital purposes. Borrowings, if any, under the Amended SVB Loan Agreement bear interest at the greater of Wall Street Journal’s prime rate (with a floor of 2.5%) plus 250 basis points. The Amended SVB Loan Agreement is collateralized by a first priority lien on all of our present and future assets, other than our intellectual property. The Amended SVB Loan Agreement provides for a second lien on our intellectual property, behind a first priority lien in favor of ALU. Interest accrues at 0.50% on the average unused portion of the line of credit. The Amended SVB Loan Agreement also requires that we maintain a minimum monthly Adjusted Quick Ratio requirement of 1.2 to 1.0. The Adjusted Quick Ratio is the ratio of (a) the sum of Company’s (i) unrestricted cash and cash equivalents in accounts at SVB (including cash held by the Company’s Indian Subsidiary) plus (ii) the Company’s gross domestic and international accounts, to (b) the sum of Company’s (i) current liabilities other than deferred revenue and excluding any debt under the ALU Loan Agreement and any prepayments from ALU not to exceed $4.5 million plus (ii) without duplication, indebtedness to bank; provided that, for purposes of calculating the ratio, cash and cash equivalents of Company’s Indian subsidiary shall be capped at $3.0 million. (See Note 10 – Subsequent Events for more information.) | |
At December 29, 2013, $12.0 million was owed under the line of credit. All of the Company’s cash collections of its receivables are applied to the outstanding balance, but may be borrowed immediately after pay down. At September 28, 2014, $4.9 million was owed under the line of credit. Interest on advances against the SVB Loan Agreement was equal to 6.5% on the outstanding principal and is payable monthly. The Company may repay the advances under the SVB Loan Agreement, in whole or in part, at any time, without premium or penalty. The Company will need to continue to take further actions, which may include additional cost containment measures to generate adequate cash flows to ensure compliance with the Loan Agreement and fund its capital requirements. |
Accrued_Liabilities
Accrued Liabilities | 9 Months Ended | ||||||||
Sep. 28, 2014 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Accrued Liabilities | ' | ||||||||
Note 7 – Accrued Liabilities | |||||||||
Accrued liabilities consisted of the following (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2014 | 2013 | ||||||||
Accrued compensation and related benefits | $ | 2,583 | $ | 2,834 | |||||
Deferred rent | 764 | 957 | |||||||
Deferred revenue | 787 | 391 | |||||||
Accrued royalties | 724 | 844 | |||||||
Warranty accrual | 145 | 238 | |||||||
Other accrued liabilities | 2,676 | 2,968 | |||||||
$ | 7,679 | $ | 8,232 | ||||||
The following table summarizes the activity related to the warranty accrual (in thousands): | |||||||||
Nine Months Ended | |||||||||
September 28, | September 29, | ||||||||
2014 | 2013 | ||||||||
Balance, beginning of period | $ | 238 | $ | 272 | |||||
Provision (benefit) | (26 | ) | 21 | ||||||
Usage | (67 | ) | (53 | ) | |||||
Balance, end of period | $ | 145 | $ | 240 | |||||
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 28, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Note 8 – Commitments and Contingencies | |
Lease Obligations | |
The Company leases office facilities, equipment, and software under non-cancelable operating leases with various expiration dates through 2018. Rent expense for both the three months ended September 28, 2014 and September 29, 2013, was $0.6 million. Rent expense for both the nine months ended September 28, 2014 and September 29, 2013, was $1.8 million. The terms of the facility leases provide for rental payments which increase annually at a predetermined rate. The Company recognizes rent expense on a straight-line basis over the lease period and has accrued for rent expense incurred, but not paid. Deferred rent was $0.8 million and $1.0 million at September 28, 2014 and December 29, 2013, respectively. Future minimum lease payments at September 28, 2014, under non-cancelable leases with original terms in excess of one year, are $0.7 million for the remainder of 2014, $2.5 million in 2015, $2.0 million in 2016, $1.6 million in 2017, and $0.3 million in 2018. | |
Purchase Commitments | |
At September 28, 2014, the Company had $6.4 million of non-cancellable inventory purchase obligations with eSilicon which inventory is expected to be received during the remainder of 2014. | |
Indemnities, Commitments and Guarantees | |
During its normal course of business, the Company has made certain indemnities, commitments, and guarantees under which it may be required to make payments in relation to certain transactions. These indemnities include intellectual property indemnities to the Company’s customers in connection with the sales of its products, indemnities for liabilities associated with the infringement of other parties’ technology based upon the Company’s products, and indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease. The duration of these indemnities, commitments, and guarantees varies, and in certain cases, is indefinite. The majority of these indemnities, commitments, and guarantees do not provide for any limitation of the maximum potential future payments that the Company could be obligated to make. The Company believes its internal development processes and other policies and practices limit its exposure related to its contractual indemnification provisions. In addition, the Company requires its employees to sign a proprietary information and inventions agreement, which assigns the rights to its employees’ development work to the Company. The Company has not recorded any liability for these indemnities, commitments, and guarantees in the accompanying consolidated balance sheets. The Company does, however, accrue for losses for any known contingent liability, including those that may arise from indemnification provisions, when future payment is probable and the amount of the loss can be reasonably estimated, in accordance with authoritative guidance. | |
In addition, the Company indemnifies its officers and directors under the terms of indemnity agreements entered into with them, as well as pursuant to its certificate of incorporation, bylaws, and applicable Delaware law. | |
Litigation | |
From time-to-time, in the normal course of business, the Company is a party to litigation matters that have involved and may involve in the future, among other things, claims related to intellectual property infringement as well as employment-related disputes. The Company is subject to claims and litigation arising in the ordinary course of business; however, it does not believe, based on currently available facts and circumstances, that the final outcome of these matters, taken individually or as a whole, will have a material adverse effect on its consolidated results of operations or financial position. The results of litigation are inherently uncertain and material adverse outcomes are possible. The Company has not provided accruals for any legal matters in its financial statements as potential losses for such matters are not considered probable and reasonably estimable. However, because such matters are subject to many uncertainties, the ultimate outcomes are not predictable and there can be no assurances that the actual amounts required to satisfy any liabilities arising from the matters described above will not have a material adverse effect on the Company’s consolidated results of operations, financial position, or cash flows. |
Significant_Customer_Informati
Significant Customer Information and Segment Reporting | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||||||
Significant Customer Information and Segment Reporting | ' | ||||||||||||||||||||||||||||||||
Note 9 – Significant Customer Information and Segment Reporting | |||||||||||||||||||||||||||||||||
FASB has established standards for the manner in which public companies report information about operating segments in annual and interim financial statements. It has also established standards for related disclosures about products and services, geographic areas, and major customers. The method for determining the information to report is based on the way management organizes the operating segments within the Company for making operating decisions and assessing financial performance. | |||||||||||||||||||||||||||||||||
The Company’s chief operating decision maker is the Chief Executive Officer. The Chief Executive Officer reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenue by geographic region, for purposes of making operating decisions and assessing financial performance. On this basis, the Company is organized and operates in a single segment: the design, development, marketing, and sale of semiconductors. | |||||||||||||||||||||||||||||||||
The following table summarizes revenue and percentage of revenue by geographic region, based on the country in which the customer’s headquarters is located (in thousands): | |||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||
September 28, 2014 | September 29, 2013 | September 28, 2014 | September 29, 2013 | ||||||||||||||||||||||||||||||
Taiwan | $ | 4,698 | 42 | % | $ | 2,044 | 12 | % | $ | 13,741 | 37 | % | $ | 11,248 | 20 | % | |||||||||||||||||
France | 3,111 | 28 | 5,473 | 33 | 9,997 | 27 | 15,809 | 23 | |||||||||||||||||||||||||
Japan | 1,363 | 12 | 3,509 | 21 | 7,203 | 20 | 11,419 | 18 | |||||||||||||||||||||||||
China | 265 | 2 | 1,072 | 6 | 809 | 2 | 3,870 | 6 | |||||||||||||||||||||||||
Germany | 909 | 8 | 2,038 | 12 | 2,223 | 6 | 5,893 | 8 | |||||||||||||||||||||||||
Korea | 310 | 3 | 1,659 | 10 | 588 | 2 | 5,624 | 9 | |||||||||||||||||||||||||
United States | 61 | 1 | 748 | 4 | 208 | 1 | 1,418 | 2 | |||||||||||||||||||||||||
Other | 362 | 4 | 357 | 2 | 2,078 | 5 | 6,886 | 23 | |||||||||||||||||||||||||
$ | 11,079 | 100 | % | $ | 16,900 | 100 | % | $ | 36,847 | 100 | % | $ | 62,167 | 100 | % | ||||||||||||||||||
The Company tracks its products within two product families: Gateway and Access. The Gateway product family includes a variety of processors and software to be incorporated into devices deployed at the customer premises. Gateway products enable service providers to offer their subscribers a variety services, including internet access, voice, over-the-top content, and security. The Access product family consists of semiconductor and software products that power the carrier infrastructure for the central office, as well as any node in a hybrid-fiber-copper network where fiber is terminated and copper is used to reach the consumer premises. | |||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||
September 28, 2014 | September 29, 2013 | September 28, 2014 | September 29, 2013 | ||||||||||||||||||||||||||||||
Gateway | $ | 9,374 | 85 | % | $ | 13185 | 78 | % | $ | 28,496 | 77 | % | $ | 47,036 | 76 | % | |||||||||||||||||
Access | 1,705 | 15 | 3,715 | 22 | 8,351 | 23 | 15,131 | 24 | |||||||||||||||||||||||||
$ | 11,079 | 100 | % | $ | 16,900 | 100 | % | $ | 36,847 | 100 | % | $ | 62,167 | 100 | % | ||||||||||||||||||
The distribution of long-lived assets (excluding goodwill, intangible assets and other assets) is as follows (in thousands): | |||||||||||||||||||||||||||||||||
September 28, 2014 | December 29, 2013 | ||||||||||||||||||||||||||||||||
United States | $ | 8,945 | $ | 7,856 | |||||||||||||||||||||||||||||
Asia, predominantly India | 410 | 756 | |||||||||||||||||||||||||||||||
$ | 9,355 | $ | 8,612 | ||||||||||||||||||||||||||||||
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 28, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Note 10 – Subsequent Events | |
Collaboration with Alcatel-Lucent | |
On September 29, 2014, in connection with the financial commitment described in greater detail below, the Company announced a collaboration with ALU on ultra-broadband products. The Company executed a term sheet that outlines certain requirements, deliverables, milestones, payments and other funding as a part of the collaboration as well as certain pricing terms pursuant to which ALU would purchase products from the Company. While the term sheet is, for the most part, binding, the terms of the collaboration will be further detailed in one or more definitive agreements. Entry into such definitive agreements is a condition necessary for the Company to receive the remaining payments and other funding described in the financial commitment. The Company will seek to increase its share in the Access market by benefitting from the ALU Access customer relationships in order to deploy the Company’s products and to increase carrier interest in minimizing interoperability risk when deploying new gear in consumer homes, which include the Company’s complimentary Gateway products. End-to-end products from a single silicon vendor also provide an additional opportunity for customized features which allow carriers to differentiate the services they offer their customers. | |
Private Placement and other Related Agreements | |
On September 29, 2014, in connection with the collaboration agreement described above, the Company entered into a series of related agreements with ALU and the Tallwood Group for a financial commitment of up to $45.0 million. The agreements between and among the Company, the Tallwood Group, and ALU included: a Securities Purchase Agreement (the “Purchase Agreement”); a Loan and Security Agreement (the “ALU Loan Agreement”); and a Standby Purchase Agreement. Under the Purchase Agreement, the Tallwood Group and ALU purchased 27.4 million and 12.2 million shares of Commons Stock, respectively, at $0.41 per share. The Company realized gross proceeds of $16.3 million. Under the Standby Purchase Agreement, the Tallwood Group will purchase an additional 27.4 million shares of Common Stock at $0.41 per share for $11.2 million less the number of shares acquired pursuant to the exercise of its subscription rights in the Rights Offering (discussed below). The Company and ALU entered into the ALU Loan Agreement on September 29, 2014 pursuant to which the Company may borrow up to $10.0 million subject to the terms and conditions set forth in the ALU Loan Agreement. In connection with the ALU Loan Agreement, the Company issued a warrant to ALU to purchase up to 3.2 million shares of Common Stock with an exercise price of $0.475 per share. ALU may exercise 1.6 million shares at any time until November 30, 2017 and the remainder at any time after the funding commitments under the ALU Loan Agreement are met until November 30, 2017. Finally, ALU has agreed to provide $7.5 million of other funding associated with the collaboration contingent upon entering into a definitive collaboration agreement. | |
Loan and Security Agreement | |
On October 7, 2014, the Company entered into a Amended SVB Loan Agreement. The Amended SVB Loan Agreement amends and restates the SVB Loan Agreement, originally dated January 14, 2011, and subsequently amended. Under the Amended SVB Loan Agreement, we may borrow up to $20.0 million, subject to certain limitations. The Amended SVB Loan Agreement is collateralized by a first priority lien on all of our present and future assets, other than our intellectual property, and a second lien on our intellectual property. The Amended SVB Loan Agreement also requires that the Company maintain a minimum monthly Adjusted Quick Ratio requirement of 1.2 to 1.0, as defined in the Amended SVB Loan Agreement. | |
Rights Offering and Registration Statement on Form S-1 | |
The Board of Directors declared a distribution to holders of shares of Common Stock on September 26, 2014 (the “Record Date”) pursuant to which the Company will distribute rights to purchase shares of Common Stock. On October 20, 2014, the Company filed a Registration Statement on Form S-1 under which it may offer and sell, at $0.41 per share, up to 18.9 million shares of Common Stock, which is the amount currently available to issue. The Company will distribute to holders of our Common Stock a non-transferable subscription right to purchase 1.459707 shares of Common Stock for each share owned as of the Record Date. This offering is referred to as the Rights Offering. If each Stockholder were to exercise all of his or her rights, the Company would not have enough authorized shares available to satisfy every stockholder. The Company has called a Special Meeting of Stockholders on November 21, 2014, at which time, the Company will seek approval by stockholders to restate its Certificate of Incorporation to increase the number of authorized shares of Common Stock from 200 million to 425 million. Holders of 51.3% of the Company’s outstanding common stock entitled to vote at the special meeting have agreed to vote their shares in favor of the proposal to increase the number of shares of authorized common stock. If approved by the stockholders, the registration statement will be amended and the maximum shares issuable will be increased to 144.9 million. The Rights Offering will commence upon the effective date of the amended Registration Statement. |
Ikanos_and_Summary_of_Signific1
Ikanos and Summary of Significant Accounting Policies (Policies) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
The Company | ' | ||||||||||||||||
The Company | |||||||||||||||||
Ikanos Communications, Inc. (“Ikanos” or the “Company”) was incorporated in the State of California in April 1999 and reincorporated in the State of Delaware in September 2005. The Company is a provider of advanced semiconductor products and software for delivering high speed broadband solutions to the connected home. The Company’s broadband multi-mode and digital subscriber line (“DSL”) processors and other semiconductor offerings power carrier infrastructure (referred to as “Access”) and customer premises equipment (referred to as “Gateway”) for network equipment manufacturers (“NEMs”) who, in turn, serve leading telecommunications service providers. | |||||||||||||||||
On September 29, 2014, the Company entered into a collaboration agreement with Alcatel-Lucent USA, Inc. (along with Alcatel-Lucent Participations, collectively known as “ALU”) on the development of ultra-broadband products. As described in Note 10-Subsequent Events, in connection with the collaboration, ALU and a group of investors affiliated with Tallwood Venture Capital (the “Tallwood Group”) collectively agreed to a financial commitment of up to $45.0 million, which consists of the purchase of approximately 39.6 million shares of the Company’s common stock at $0.41 per share for aggregate gross proceeds of $16.3 million, ALU’s commitment to loan the Company up to $10.0 million following the satisfaction of certain conditions (the “ALU Loan Agreement”), the Tallwood Group’s agreement to purchase an aggregate of an additional $11.2 million of common stock at the same per share price in either the contemplated rights offering (discussed below) or as a standby purchaser, and ALU’s agreement to provide an addition $7.5 million of other funding associated with the collaboration, subject to entry into a definitive collaboration agreement. | |||||||||||||||||
The accompanying consolidated financial statements of the Company have been prepared on a basis that assumes that the Company will continue as a going concern and contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. | |||||||||||||||||
Liquidity | ' | ||||||||||||||||
Liquidity | |||||||||||||||||
The Company incurred net losses of $10.3 million and $32.9 million for the quarter and nine months ended September 28, 2014, respectively, and had an accumulated deficit of $359.0 million as of September 28, 2014. The Company incurred a net loss of $30.4 million for the year ended December 29, 2013 and had an accumulated deficit of $326.1 million as of December 29, 2013. As discussed above, the Company has a financial commitment of up to $45.0 million from ALU and the Tallwood Group. The Company intends to commence a rights offering pursuant to which stockholders of record on September 26, 2014 may purchase shares of the Company’s common stock (the “Rights Offering”). There can be no assurance that the Company will raise additional capital in the Rights Offering, other than the Tallwood Group’s commitment as discussed above. | |||||||||||||||||
As a result of the Company’s recurring losses from operations and the need to stay in compliance with certain debt covenants, if the Company is unable to raise sufficient additional capital through the Rights Offering or through alternative debt or equity arrangements, there will be uncertainty regarding the Company’s ability to maintain liquidity sufficient to operate its business effectively, which raises substantial doubt as to the Company’s ability to continue as a going concern. There can be no assurance that such additional capital, whether in the form of debt or equity financing, will be sufficient or available and, if available, that such capital will be offered on terms and conditions acceptable to the Company. | |||||||||||||||||
The Company utilizes a revolving line of credit under a Loan and Security Agreement (the “SVB Loan Agreement”) with Silicon Valley Bank (“SVB”) to partially fund its operations. This facility is subject to certain affirmative, negative, and financial covenants. On April 30, 2014, the Company sought and received an amendment to the SVB Loan Agreement prospectively eliminating one of the covenants required to be met at June 29, 2014, and modifying others. However, the Company was not in compliance with the covenants at September 28, 2014. The Company has been in discussions with SVB to revise these covenants and to discuss the Company’s refinancing initiatives. Accordingly, during September 2014, SVB notified the Company that the covenant violations would be forborn until a new facility with SVB could be completed or the Company had completed private equity placements to raise additional capital. As discussed in Note 6, on October 7, 2014, the Company entered into a First Amended and Restated Loan and Security Agreement (the “Amended SVB Loan Agreement”) with SVB under which SVB agreed to make advances under the revolving line of credit of up to $20.0 million, subject to certain restrictions. The Amended SVB Loan Agreement will expire on October 7, 2017. The Company will need to continue to take further actions to generate adequate cash flows to ensure compliance with the Amended SVB Loan Agreement and to fund its capital requirements. | |||||||||||||||||
The Company’s common stock has traded below $1.00 per share on The NASDAQ Capital Market (“NASDAQ”) since January 31, 2014. On March 18, 2014, the Company received notification from NASDAQ indicating that it was not in compliance with Nasdaq Marketplace Rule 5550(a)(2), which Rule provides that securities listed on NASDAQ must maintain a minimum closing bid price of $1.00 per share and that based upon the closing bid price for the Company’s securities for the previous 30 consecutive business days, it no longer met this requirement. NASDAQ further notified the Company that, in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), it would be provided 180 calendar days, or until September 15, 2014, to regain compliance by achieving a closing bid price of its securities of at least $1.00 per share for a minimum of ten consecutive business days at any time during the 180 calendar day period. On September 2, 2014, as the Company did not anticipate regaining compliance by September 15, 2014, the Company requested NASDAQ grant to the Company a second 180 day compliance period. The Company did not regain compliance by September 15, 2014. On September 16, 2014, NASDAQ notified the Company that it was eligible for a second 180 calendar day compliance period, or until March 16, 2015, to regain compliance, based on having met the continued listing requirements for market value of publicly held shares and all other applicable requirements for initial listing on NASDAQ, with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the bid price deficiency during the second compliance period by effecting a reverse stock split, if necessary. However, there can be no guarantee that the Company will be able to regain compliance with the continued listing requirement of Nasdaq Marketplace Rule 5550(a)(2) within this second 180 calendar day compliance period. | |||||||||||||||||
Basis of Presentation | ' | ||||||||||||||||
Basis of Presentation | |||||||||||||||||
The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. | |||||||||||||||||
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”), the rules and regulations of the Securities and Exchange Commission (“SEC”), and accounting policies consistent with those applied in preparing the Company’s audited annual consolidated financial statements. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with these rules and regulations. The information in this Quarterly Report should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in its Annual Report on Form 10-K filed with the SEC on February 28, 2014 (“Annual Report”). | |||||||||||||||||
In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) necessary to a fair statement of the Company’s financial position, results of operations, and cash flows for the interim periods presented. The operating results for the three and nine month periods ended September 28, 2014 are not necessarily indicative of the results that may be expected for the full fiscal year ending December 28, 2014, or for any other future period. | |||||||||||||||||
Use of Estimates | ' | ||||||||||||||||
Use of Estimates | |||||||||||||||||
The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions. The Company believes that the estimates, judgments, and assumptions upon which it relies are reasonable based upon information available to it at the time that these estimates, judgments, and assumptions are made. These estimates, judgments, and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenue and expenses during the periods presented. To the extent that there are material differences between these estimates and actual results, the Company’s financial statements would be affected. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require the Company’s management’s judgment in its application. There are also areas in which the Company’s management’s judgment in selecting any available alternative would not produce a materially different result. | |||||||||||||||||
Recent Accounting Pronouncements | ' | ||||||||||||||||
Recent Accounting Pronouncements | |||||||||||||||||
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” This guidance applies to any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. This guidance supersedes existing revenue recognition guidance, including most industry-specific guidance, as well as certain related guidance on accounting for contract costs. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is effective for fiscal years and interim periods within those years beginning after December 15, 2016. Early adoption is not permitted. An entity should apply the guidance using one of two methods: retrospectively to each prior reporting period presented, with practical expedients or retrospectively with the cumulative effect of initial adoption of the guidance recognized at the date of initial application. The Company is currently evaluating the effect that the standard will have upon our consolidated financial statements. | |||||||||||||||||
In August 2014, the FASB issued ASU No. 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”), to provide guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is in the process of evaluating the provisions of ASU 2014-15. | |||||||||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||||||||
Summary of Significant Accounting Policies | |||||||||||||||||
The Company’s significant accounting policies are described in its Annual Report at Note 1 to the audited Consolidated Financial Statements for the year ended December 29, 2013. These accounting policies have not significantly changed. | |||||||||||||||||
Concentration of Credit Risk | ' | ||||||||||||||||
Concentration of Credit Risk | |||||||||||||||||
Financial instruments that potentially subject the Company to significant concentrations of credit risk consist of cash, cash equivalents, and accounts receivable and, in prior years, investments. Cash and cash equivalents are held with a limited number of financial institutions. Deposits held with these financial institutions may exceed the amount of insurance provided on such deposits. Management believes that the financial institutions that hold the Company’s deposits are creditworthy and, accordingly, minimal credit risk exists with respect to those deposits. At September 28, 2014, the Company had short-term investments consisting solely of certificates of deposit. In prior years, marketable securities have included commercial paper, corporate bonds, government securities, and auction rate securities. All investments were classified as available-for-sale. The Company does not hold or issue financial instruments for trading purposes. | |||||||||||||||||
Credit risk with respect to accounts receivable is concentrated due to the small number of customers in any particular reporting period. Four customers represented 29%, 25%, 13%, and 10% of accounts receivable at September 28, 2014. Three customers represented 35%, 10%, and 10% of accounts receivable at December 29, 2013. Four customers accounted for 28%, 22%, 12%, and 12% of revenue for the three months ended September 28, 2014. Three customers accounted for 26%, 25%, and 13% of revenue for the nine months ended September 28, 2014. Four customers accounted for 32%, 11%, 11%, and 10% of revenue for the three months ended September 29, 2013. Three customers accounted for 25%, 14%, and 10% of revenue for the nine months ended September 29, 2013. | |||||||||||||||||
In the third quarter of 2014, the Company derived 28% of its revenue from Sagemcom SAS (“Sagemcom”) and 22% of its revenue from Amod Technology Co., Ltd. (“Amod”). Amod is a distributor that sells its purchases from the Company to Askey Computer Corporation (“Askey”), which is a contract manufacturer for Sagemcom. For the first nine months of 2014, the Company derived 26% of its revenue from Sagemcom and 25% of its revenue from Amod. In the third quarter of 2013, the Company derived 32% of its revenue from Sagemcom and an additional 3% of its revenue from Askey. In the first nine months of 2013, the Company derived 25% of its revenue from Sagemcom and an additional 16% of its revenue from two Sagemcom contract manufacturers – Askey (14%) and Jabil Industrial do Brasil Ltda. (2%). | |||||||||||||||||
Concentration of Other Risk | ' | ||||||||||||||||
Concentration of Other Risk | |||||||||||||||||
The semiconductor industry is characterized by rapid technological change, competitive pricing pressures, and cyclical market patterns. The Company’s results of operations are affected by a wide variety of factors, including general economic conditions; economic conditions specific to the semiconductor industry; demand for the Company’s products; the timely introduction of new products; implementation of new manufacturing technologies; manufacturing capacity; the availability of materials and supplies; competition; the ability to safeguard patents and intellectual property in a rapidly evolving market; and reliance on assembly and wafer fabrication subcontractors and on independent distributors and sales representatives. As a result, the Company may experience substantial period-to-period fluctuations due to these and other factors. | |||||||||||||||||
Net Loss per Share | ' | ||||||||||||||||
Net Loss per Share | |||||||||||||||||
Basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Potentially dilutive securities have been excluded from the computation of diluted net loss per share as their inclusion is anti-dilutive. The calculation of basic and diluted net loss per share was as follows (in thousands, except per share amounts): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net loss | $ | (10,280 | ) | $ | (8,665 | ) | $ | (32,915 | ) | $ | (21,754 | ) | |||||
Weighted average number of shares, basic and diluted, outstanding | 99,284 | 71,662 | 99,045 | 71,086 | |||||||||||||
Basic and diluted net loss per share | $ | (0.10 | ) | $ | (0.12 | ) | $ | (0.33 | ) | $ | (0.31 | ) | |||||
The following potential common shares have been excluded from the calculation of diluted net loss per share as their effect would have been anti-dilutive (in thousands): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Anti-dilutive securities: | |||||||||||||||||
Outstanding warrants to purchase common stock(1) | — | 7,800 | — | 7,800 | |||||||||||||
Weighted average restricted stock units | 4,912 | 34 | 2,510 | 42 | |||||||||||||
Weighted-average outstanding options to purchase common stock | 18,304 | 18,407 | 18,248 | 17,553 | |||||||||||||
23,216 | 26,241 | 20,758 | 25,395 | ||||||||||||||
(1) | Warrants held by the Tallwood Group expired on August 24, 2014. |
Ikanos_and_Summary_of_Signific2
Ikanos and Summary of Significant Accounting Policies (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Calculation of Basic and Diluted Net Loss Per Share | ' | ||||||||||||||||
The calculation of basic and diluted net loss per share was as follows (in thousands, except per share amounts): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net loss | $ | (10,280 | ) | $ | (8,665 | ) | $ | (32,915 | ) | $ | (21,754 | ) | |||||
Weighted average number of shares, basic and diluted outstanding | 99,284 | 71,662 | 99,045 | 71,086 | |||||||||||||
Basic and diluted net loss per share | $ | (0.10 | ) | $ | (0.12 | ) | $ | (0.33 | ) | $ | (0.31 | ) | |||||
Potential Common Shares have been Excluded from Calculation of Diluted Net Loss Per Share | ' | ||||||||||||||||
The following potential common shares have been excluded from the calculation of diluted net loss per share as their effect would have been anti-dilutive (in thousands): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Anti-dilutive securities: | |||||||||||||||||
Outstanding warrants to purchase common stock(1) | — | 7,800 | — | 7,800 | |||||||||||||
Weighted average restricted stock units | 4,912 | 34 | 2,510 | 42 | |||||||||||||
Weighted-average outstanding options to purchase common stock | 18,304 | 18,407 | 18,248 | 17,553 | |||||||||||||
23,216 | 26,241 | 20,758 | 25,395 | ||||||||||||||
(1) | Warrants held by the Tallwood Group expired on August 24, 2014. |
Cash_and_Cash_Equivalents_Inve1
Cash and Cash Equivalents, Investments and Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Summary of Company's Short-Term Investments | ' | ||||||||||||||||
The following is a summary of the Company’s short-term investments (in thousands): | |||||||||||||||||
September 28, 2014 | |||||||||||||||||
Cost | Gross | Estimated | |||||||||||||||
Unrealized Gain | Fair Value | ||||||||||||||||
Certificates of deposit | $ | 148 | $ | — | $ | 148 | |||||||||||
December 29, 2013 | |||||||||||||||||
Cost | Gross | Estimated | |||||||||||||||
Unrealized Gain | Fair Value | ||||||||||||||||
Certificates of deposit | $ | 3,473 | $ | — | $ | 3,473 | |||||||||||
Fair Value Hierarchy of Company's Marketable Securities | ' | ||||||||||||||||
The fair value hierarchy of the Company’s marketable securities at September 28, 2014 and December 29, 2013 was (in thousands): | |||||||||||||||||
September 28, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Certificates of deposit | $ | — | $ | 148 | $ | — | $ | 148 | |||||||||
December 29, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Certificates of deposit | $ | — | $ | 3,473 | $ | — | $ | 3,473 | |||||||||
Inventory_Tables
Inventory (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Components of Inventory | ' | ||||||||
Inventory consisted of the following (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2014 | 2013 | ||||||||
Finished goods | $ | 831 | $ | 1,385 | |||||
Purchased parts and raw materials | 55 | 632 | |||||||
$ | 886 | $ | 2,017 | ||||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Components of Property and Equipment | ' | ||||||||
Property and equipment consisted of the following (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2014 | 2013 | ||||||||
Machinery and equipment | $ | 24,399 | $ | 23,053 | |||||
Software | 14,592 | 11,522 | |||||||
Computer equipment | 6,173 | 5,927 | |||||||
Furniture and fixtures | 991 | 988 | |||||||
Leasehold improvements | 1,821 | 1,842 | |||||||
Construction in progress | — | 1,051 | |||||||
47,976 | 44,383 | ||||||||
Less: Accumulated depreciation and amortization | (38,621 | ) | (35,771 | ) | |||||
$ | 9,355 | $ | 8,612 | ||||||
Purchased_Intangible_Assets_Ta
Purchased Intangible Assets (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
Carrying Value of Intangible Assets | ' | ||||||||||||||||
The carrying value of intangible assets is as follows (in thousands): | |||||||||||||||||
September 28, 2014 | |||||||||||||||||
Gross | Accumulated | Net | Useful | ||||||||||||||
Carrying | Amortization | Amount | life | ||||||||||||||
Amount | (Years) | ||||||||||||||||
Existing technology | $ | 14,825 | $ | (14,466 | ) | $ | 359 | 3 | |||||||||
December 29, 2013 | |||||||||||||||||
Gross | Accumulated | Net | Useful | ||||||||||||||
Carrying | Amortization | Amount | life | ||||||||||||||
Amount | (Years) | ||||||||||||||||
Existing technology | $ | 14,825 | $ | (14,107 | ) | $ | 718 | 3 | |||||||||
Accrued_Liabilities_Tables
Accrued Liabilities (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2014 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Components of Accrued Liabilities | ' | ||||||||
Accrued liabilities consisted of the following (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2014 | 2013 | ||||||||
Accrued compensation and related benefits | $ | 2,583 | $ | 2,834 | |||||
Deferred rent | 764 | 957 | |||||||
Deferred revenue | 787 | 391 | |||||||
Accrued royalties | 724 | 844 | |||||||
Warranty accrual | 145 | 238 | |||||||
Other accrued liabilities | 2,676 | 2,968 | |||||||
$ | 7,679 | $ | 8,232 | ||||||
Activity Related to Warranty Accrual | ' | ||||||||
The following table summarizes the activity related to the warranty accrual (in thousands): | |||||||||
Nine Months Ended | |||||||||
September 28, | September 29, | ||||||||
2014 | 2013 | ||||||||
Balance, beginning of period | $ | 238 | $ | 272 | |||||
Provision (benefit) | (26 | ) | 21 | ||||||
Usage | (67 | ) | (53 | ) | |||||
Balance, end of period | $ | 145 | $ | 240 | |||||
Significant_Customer_Informati1
Significant Customer Information and Segment Reporting (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||||||
Revenue and Percentage of Revenue by Geographic Region | ' | ||||||||||||||||||||||||||||||||
The following table summarizes revenue and percentage of revenue by geographic region, based on the country in which the customer’s headquarters is located (in thousands): | |||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||
September 28, 2014 | September 29, 2013 | September 28, 2014 | September 29, 2013 | ||||||||||||||||||||||||||||||
Taiwan | $ | 4,698 | 42 | % | $ | 2,044 | 12 | % | $ | 13,741 | 37 | % | $ | 11,248 | 20 | % | |||||||||||||||||
France | 3,111 | 28 | 5,473 | 33 | 9,997 | 27 | 15,809 | 23 | |||||||||||||||||||||||||
Japan | 1,363 | 12 | 3,509 | 21 | 7,203 | 20 | 11,419 | 18 | |||||||||||||||||||||||||
China | 265 | 2 | 1,072 | 6 | 809 | 2 | 3,870 | 6 | |||||||||||||||||||||||||
Germany | 909 | 8 | 2,038 | 12 | 2,223 | 6 | 5,893 | 8 | |||||||||||||||||||||||||
Korea | 310 | 3 | 1,659 | 10 | 588 | 2 | 5,624 | 9 | |||||||||||||||||||||||||
United States | 61 | 1 | 748 | 4 | 208 | 1 | 1,418 | 2 | |||||||||||||||||||||||||
Other | 362 | 4 | 357 | 2 | 2,078 | 5 | 6,886 | 23 | |||||||||||||||||||||||||
$ | 11,079 | 100 | % | $ | 16,900 | 100 | % | $ | 36,847 | 100 | % | $ | 62,167 | 100 | % | ||||||||||||||||||
Revenue and Percentage of Revenue by Product Family | ' | ||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||
September 28, 2014 | September 29, 2013 | September 28, 2014 | September 29, 2013 | ||||||||||||||||||||||||||||||
Gateway | $ | 9,374 | 85 | % | $ | 13185 | 78 | % | $ | 28,496 | 77 | % | $ | 47,036 | 76 | % | |||||||||||||||||
Access | 1,705 | 15 | 3,715 | 22 | 8,351 | 23 | 15,131 | 24 | |||||||||||||||||||||||||
$ | 11,079 | 100 | % | $ | 16,900 | 100 | % | $ | 36,847 | 100 | % | $ | 62,167 | 100 | % | ||||||||||||||||||
Distribution of Long-Lived Assets (Excluding Goodwill, Intangible Assets and Other Assets) | ' | ||||||||||||||||||||||||||||||||
The distribution of long-lived assets (excluding goodwill, intangible assets and other assets) is as follows (in thousands): | |||||||||||||||||||||||||||||||||
September 28, 2014 | December 29, 2013 | ||||||||||||||||||||||||||||||||
United States | $ | 8,945 | $ | 7,856 | |||||||||||||||||||||||||||||
Asia, predominantly India | 410 | 756 | |||||||||||||||||||||||||||||||
$ | 9,355 | $ | 8,612 | ||||||||||||||||||||||||||||||
Ikanos_and_Summary_of_Signific3
Ikanos and Summary of Significant Accounting Policies - Additional Information 1 (Detail) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 0 Months Ended | 0 Months Ended | 9 Months Ended | ||||||||||
Share data in Millions, except Per Share data, unless otherwise specified | Mar. 18, 2014 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Dec. 29, 2013 | Jan. 31, 2014 | Sep. 28, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 28, 2014 | Jan. 14, 2011 | Oct. 07, 2014 |
Maximum [Member] | Minimum [Member] | Private placement [Member] | ALU and the Tallwood Group [Member] | ALU and the Tallwood Group [Member] | ALU and the Tallwood Group [Member] | The Tallwood Group [Member] | ALU [Member] | ALU [Member] | SVB [Member] | SVB [Member] | SVB [Member] | |||||||
Subsequent event [Member] | Private placement [Member] | Private placement [Member] | Private placement [Member] | Private placement [Member] | Subsequent event [Member] | Private placement [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Subsequent event [Member] | |||||||||
Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Loan and Security Agreement [Member] | Subsequent event [Member] | Loan and Security Agreement [Member] | ||||||||||||
Maximum [Member] | ||||||||||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financial commitment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $45,000,000 | ' | ' | ' | ' | ' | ' |
Number of common stock shares issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39.6 | ' | 27.4 | ' | 12.2 | ' | ' | ' |
Gross proceeds from issuance of private placement | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | 16,300,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued par value | ' | ' | ' | ' | ' | ' | ' | ' | $0.41 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional common stock to be purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,200,000 | ' | 7,500,000 | ' | ' | ' |
Maximum borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | 20,000,000 | 20,000,000 |
Net losses | ' | -10,280,000 | -8,665,000 | -32,915,000 | -21,754,000 | 30,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated deficit | ' | $359,000,000 | ' | $359,000,000 | ' | $326,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Agreement expire date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7-Oct-17 | ' | ' |
Common stock trading price per share | ' | ' | ' | ' | ' | ' | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock minimum price per share for continued listing | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consecutive trading days | '30 days | ' | ' | ' | ' | ' | ' | '10 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of days provided to regain NASDAQ compliance | ' | ' | ' | '180 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ikanos_and_Summary_of_Signific4
Ikanos and Summary of Significant Accounting Policies - Additional Information 2 (Detail) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||
Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Dec. 29, 2013 | Sep. 29, 2013 | Sep. 28, 2014 | Dec. 29, 2013 | Sep. 28, 2014 | Dec. 29, 2013 | Sep. 28, 2014 | Dec. 29, 2013 | Sep. 28, 2014 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 28, 2014 | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 29, 2013 | Sep. 29, 2013 | Sep. 29, 2013 | Sep. 29, 2013 | |
Customer | Customer | Customer | Customer | Customer | Sagemcom contract manufacturers [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | Credit Concentration Risk [Member] | |
Vendor | Accounts Receivable [Member] | Accounts Receivable [Member] | Accounts Receivable [Member] | Accounts Receivable [Member] | Accounts Receivable [Member] | Accounts Receivable [Member] | Accounts Receivable [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | Revenue [Member] | ||||||
Customer one [Member] | Customer one [Member] | Customer two [Member] | Customer two [Member] | Customer three [Member] | Customer three [Member] | Customer four [Member] | Customer one [Member] | Customer one [Member] | Customer one [Member] | Customer two [Member] | Customer two [Member] | Customer two [Member] | Customer two [Member] | Customer three [Member] | Customer three [Member] | Customer three [Member] | Customer three [Member] | Customer four [Member] | Customer four [Member] | Customer four [Member] | Sagemcom [Member] | Sagemcom [Member] | Sagemcom [Member] | Amod Technology Co., Ltd [Member] | Amod Technology Co., Ltd [Member] | Askey Computer Corporation [Member] | Askey Computer Corporation [Member] | Sagemcom Tunisie [Member] | Jabil Industrial do Brasil Ltda. [Member] | Sagemcom contract manufacturers [Member] | |||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit risk | ' | ' | ' | ' | ' | ' | 29.00% | 35.00% | 25.00% | 10.00% | 13.00% | 10.00% | 10.00% | 28.00% | 32.00% | 26.00% | 22.00% | 11.00% | 25.00% | 25.00% | 12.00% | 11.00% | 13.00% | 14.00% | 12.00% | 10.00% | 10.00% | 28.00% | 32.00% | 26.00% | 22.00% | 25.00% | 3.00% | 14.00% | 25.00% | 2.00% | 16.00% |
Number of customers related to accounts receivable | 4 | ' | 4 | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of customers related to revenue | 4 | 4 | 3 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of contract manufacturers | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ikanos_and_Summary_of_Signific5
Ikanos and Summary of Significant Accounting Policies - Calculation of Basic and Diluted Net Loss Per Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Dec. 29, 2013 |
Earnings Per Share, Basic and Diluted [Abstract] | ' | ' | ' | ' | ' |
Net loss | ($10,280) | ($8,665) | ($32,915) | ($21,754) | $30,400 |
Weighted average number of shares, basic and diluted, outstanding | 99,284 | 71,662 | 99,045 | 71,086 | ' |
Basic and diluted net loss per share | ($0.10) | ($0.12) | ($0.33) | ($0.31) | ' |
Ikanos_and_Summary_of_Signific6
Ikanos and Summary of Significant Accounting Policies - Potential Common Shares have been Excluded from Calculation of Diluted Net Loss Per Share (Detail) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Anti-dilutive securities: | ' | ' | ' | ' |
Total anti-dilutive securities | 23,216 | 26,241 | 20,758 | 25,395 |
Outstanding warrants to purchase common stock [Member] | ' | ' | ' | ' |
Anti-dilutive securities: | ' | ' | ' | ' |
Total anti-dilutive securities | 0 | 7,800 | 0 | 7,800 |
Weighted average restricted stock units [Member] | ' | ' | ' | ' |
Anti-dilutive securities: | ' | ' | ' | ' |
Total anti-dilutive securities | 4,912 | 34 | 2,510 | 42 |
Weighted-average outstanding options to purchase common stock [Member] | ' | ' | ' | ' |
Anti-dilutive securities: | ' | ' | ' | ' |
Total anti-dilutive securities | 18,304 | 18,407 | 18,248 | 17,553 |
Ikanos_and_Summary_of_Signific7
Ikanos and Summary of Significant Accounting Policies - Potential Common Shares have been Excluded from Calculation of Diluted Net Loss Per Share (Parenthetical) (Detail) | 9 Months Ended |
Sep. 28, 2014 | |
Earnings Per Share [Abstract] | ' |
Warrants held by investors group expired date | 24-Aug-14 |
Cash_and_Cash_Equivalents_Inve2
Cash and Cash Equivalents, Investments and Fair Value Measurements - Additional Information (Detail) (USD $) | 9 Months Ended | |
Sep. 28, 2014 | Dec. 29, 2013 | |
Cash and Cash Equivalents [Abstract] | ' | ' |
Liquid investments maturity date | '90 or fewer days | ' |
Money market funds | $0 | $0 |
Unrealized losses on investments | 0 | ' |
Unrealized gains or losses | $0 | ' |
Maximum maturity date of certificates of deposit | '1 year | ' |
Cash_and_Cash_Equivalents_Inve3
Cash and Cash Equivalents, Investments and Fair Value Measurements - Summary of Company's Short-Term Investments (Detail) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
In Thousands, unless otherwise specified | ||
Cash and Cash Equivalents [Line Items] | ' | ' |
Certificates of deposit, Estimated Fair Value | $148 | $3,473 |
Certificates of deposit [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Certificates of deposit, Cost | 148 | 3,473 |
Certificates of deposit, Gross Unrealized Gain | 0 | 0 |
Certificates of deposit, Estimated Fair Value | $148 | $3,473 |
Cash_and_Cash_Equivalents_Inve4
Cash and Cash Equivalents, Investments and Fair Value Measurements - Fair Value Hierarchy of Company's Marketable Securities (Detail) (Certificates of deposit [Member], USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Marketable securities | $148 | $3,473 |
Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Marketable securities | 0 | 0 |
Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Marketable securities | 148 | 3,473 |
Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Marketable securities | $0 | $0 |
Inventory_Components_of_Invent
Inventory - Components of Inventory (Detail) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Finished goods | $831 | $1,385 |
Purchased parts and raw materials | 55 | 632 |
Inventory | $886 | $2,017 |
Inventory_Additional_Informati
Inventory - Additional Information (Detail) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
Inventory Disclosure [Abstract] | ' | ' |
Prepayment on delivery of finished goods | $800,000 | $800,000 |
Work-in-process inventory | 0 | ' |
Non-cancellable purchase obligations with eSilicon | $6,400,000 | ' |
Property_and_Equipment_Compone
Property and Equipment - Components of Property and Equipment (Detail) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $47,976 | $44,383 |
Less: Accumulated depreciation and amortization | -38,621 | -35,771 |
Property and equipment, total | 9,355 | 8,612 |
Machinery and equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 24,399 | 23,053 |
Software [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 14,592 | 11,522 |
Computer equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 6,173 | 5,927 |
Furniture and fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 991 | 988 |
Leasehold improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 1,821 | 1,842 |
Construction in progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $0 | $1,051 |
Property_and_Equipment_Additio
Property and Equipment - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' |
Depreciation and amortization expense for property and equipment | $1,000 | $1,100 | $3,035 | $3,274 |
Purchased_Intangible_Assets_Ca
Purchased Intangible Assets - Carrying Value of Intangible Assets (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 28, 2014 | Dec. 29, 2013 |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Net Amount | $359 | $718 |
Existing technology [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 14,825 | 14,825 |
Accumulated Amortization | -14,466 | -14,107 |
Net Amount | $359 | $718 |
Useful life (Years) | '3 years | '3 years |
Purchased_Intangible_Assets_Ad
Purchased Intangible Assets - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Amortization of intangible assets | $100,000 | $200,000 | $359,000 | $692,000 |
Estimated future amortization of purchased intangible assets, remainder of 2014 | 200,000 | ' | 200,000 | ' |
Estimated future amortization of purchased intangible assets in 2015 | $200,000 | ' | $200,000 | ' |
Loan_and_Security_Agreement_Ad
Loan and Security Agreement - Additional Information (Detail) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 | Sep. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2014 | Dec. 29, 2013 | Sep. 28, 2014 | Jan. 14, 2011 | Oct. 07, 2014 | Oct. 07, 2014 | Oct. 07, 2014 | Oct. 07, 2014 | Sep. 28, 2014 | Jan. 14, 2011 | Sep. 28, 2014 | Jan. 14, 2011 | Sep. 28, 2014 | Oct. 07, 2014 | Oct. 07, 2014 | Oct. 07, 2014 |
SVB [Member] | SVB [Member] | SVB [Member] | SVB [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Revolving line of credit [Member] | Revolving line of credit [Member] | Revolving line of credit [Member] | Revolving line of credit [Member] | Revolving line of credit [Member] | Revolving line of credit [Member] | Revolving line of credit [Member] | Revolving line of credit [Member] | |||||
Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | SVB [Member] | SVB [Member] | SVB [Member] | SVB [Member] | SVB [Member] | SVB [Member] | SVB [Member] | SVB [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | ||||||||
Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | SVB [Member] | SVB [Member] | |||||||||||||
Minimum [Member] | Maximum [Member] | Maximum [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | ||||||||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan agreement date | ' | ' | ' | ' | ' | ' | 14-Jan-11 | ' | ' | ' | ' | ' | ' | ' | 14-Jan-11 | ' | ' | ' | ' | ' |
Loan agreement interest rate description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Rate or 4.00% plus 50 basis points | ' | ' | ' | ' | ' |
Advance under revolving line | ' | ' | ' | ' | ' | ' | ' | $20,000,000 | $20,000,000 | ' | ' | ' | ' | ' | ' | $15,000,000 | ' | ' | ' | $20,000,000 |
Basis points added to reference rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | 2.50% | ' |
Basis points added to reference rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | ' | 2.50% | ' | ' |
Revolving line interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' |
Loan agreement maturity date | ' | ' | ' | ' | ' | ' | 7-Oct-17 | ' | ' | ' | ' | ' | ' | ' | 14-Jan-13 | ' | 7-Oct-17 | ' | ' | ' |
Interest rate basis point, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Borrowings, if any, under the Amended SVB Loan Agreement bear interest at the greater of Wall Street Journalbs prime rate (with a floor of 2.5%) plus 250 basis points. | ' | ' | ' |
Interest accrues percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% |
Minimum adjusted quick ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 6,537,000 | 36,043,000 | 22,139,000 | 28,391,000 | ' | ' | ' | ' | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current liabilities other than deferred revenue and excluding ALU loan agreement | 16,732,000 | 24,924,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,500,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving line amount outstanding | $4,937,000 | $12,000,000 | ' | ' | $4,937,000 | $12,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Periodic interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.50% | ' | ' | ' | ' | ' | ' | ' |
Accrued_Liabilities_Components
Accrued Liabilities - Components of Accrued Liabilities (Detail) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 | Sep. 29, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Accrued Liabilities, Current [Abstract] | ' | ' | ' | ' |
Accrued compensation and related benefits | $2,583 | $2,834 | ' | ' |
Deferred rent | 764 | 957 | ' | ' |
Deferred revenue | 787 | 391 | ' | ' |
Accrued royalties | 724 | 844 | ' | ' |
Warranty accrual | 145 | 238 | 240 | 272 |
Other accrued liabilities | 2,676 | 2,968 | ' | ' |
Accrued liabilities | $7,679 | $8,232 | ' | ' |
Accrued_Liabilities_Activity_R
Accrued Liabilities - Activity Related to Warranty Accrual (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 |
Payables and Accruals [Abstract] | ' | ' |
Balance, beginning of period | $238 | $272 |
Provision (benefit) | -26 | 21 |
Usage | -67 | -53 |
Balance, end of period | $145 | $240 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Dec. 29, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' | ' | ' |
Expiration dates | ' | ' | '2018 | ' | ' |
Rent expense | $600,000 | $600,000 | $1,800,000 | $1,800,000 | ' |
Future minimum lease payments due in 2014 | 700,000 | ' | 700,000 | ' | ' |
Future minimum lease payments due in 2015 | 2,500,000 | ' | 2,500,000 | ' | ' |
Future minimum lease payments due in 2016 | 2,000,000 | ' | 2,000,000 | ' | ' |
Future minimum lease payments due in 2017 | 1,600,000 | ' | 1,600,000 | ' | ' |
Future minimum lease payments due in 2018 | 300,000 | ' | 300,000 | ' | ' |
Deferred rent | 764,000 | ' | 764,000 | ' | 957,000 |
Non-cancellable inventory purchase obligations | $6,400,000 | ' | $6,400,000 | ' | ' |
Significant_Customer_Informati2
Significant Customer Information and Segment Reporting - Additional Information (Detail) | 9 Months Ended |
Sep. 28, 2014 | |
Product | |
Segment | |
Segment Reporting [Abstract] | ' |
Number of operating segments | 1 |
Number of product families | 2 |
Significant_Customer_Informati3
Significant Customer Information and Segment Reporting - Revenue and Percentage of Revenue by Geographic Region (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | $11,079 | $16,900 | $36,847 | $62,167 |
Taiwan [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | 4,698 | 2,044 | 13,741 | 11,248 |
France [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | 3,111 | 5,473 | 9,997 | 15,809 |
Japan [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | 1,363 | 3,509 | 7,203 | 11,419 |
China [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | 265 | 1,072 | 809 | 3,870 |
Germany [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | 909 | 2,038 | 2,223 | 5,893 |
Korea [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | 310 | 1,659 | 588 | 5,624 |
United States [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | 61 | 748 | 208 | 1,418 |
Other [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | $362 | $357 | $2,078 | $6,886 |
Revenue [Member] | Geographic Concentration Risk [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 100.00% | 100.00% | 100.00% | 100.00% |
Revenue [Member] | Geographic Concentration Risk [Member] | Taiwan [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 42.00% | 12.00% | 37.00% | 20.00% |
Revenue [Member] | Geographic Concentration Risk [Member] | France [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 28.00% | 33.00% | 27.00% | 23.00% |
Revenue [Member] | Geographic Concentration Risk [Member] | Japan [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 12.00% | 21.00% | 20.00% | 18.00% |
Revenue [Member] | Geographic Concentration Risk [Member] | China [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 2.00% | 6.00% | 2.00% | 6.00% |
Revenue [Member] | Geographic Concentration Risk [Member] | Germany [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 8.00% | 12.00% | 6.00% | 8.00% |
Revenue [Member] | Geographic Concentration Risk [Member] | Korea [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 3.00% | 10.00% | 2.00% | 9.00% |
Revenue [Member] | Geographic Concentration Risk [Member] | United States [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 1.00% | 4.00% | 1.00% | 2.00% |
Revenue [Member] | Geographic Concentration Risk [Member] | Other [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 4.00% | 2.00% | 5.00% | 23.00% |
Significant_Customer_Informati4
Significant Customer Information and Segment Reporting - Revenue and Percentage of Revenue by Product Family (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | $11,079 | $16,900 | $36,847 | $62,167 |
Gateway [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | 9,374 | 13,185 | 28,496 | 47,036 |
Access [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Revenue | $1,705 | $3,715 | $8,351 | $15,131 |
Product Concentration Risk [Member] | Revenue [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 100.00% | 100.00% | 100.00% | 100.00% |
Product Concentration Risk [Member] | Revenue [Member] | Gateway [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 85.00% | 78.00% | 77.00% | 76.00% |
Product Concentration Risk [Member] | Revenue [Member] | Access [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Percentage of revenue | 15.00% | 22.00% | 23.00% | 24.00% |
Significant_Customer_Informati5
Significant Customer Information and Segment Reporting - Distribution of Long-Lived Assets (Excluding Goodwill, Intangible Assets and Other Assets) (Detail) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property and equipment, net | $9,355 | $8,612 |
United States [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property and equipment, net | 8,945 | 7,856 |
Asia, predominantly India [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property and equipment, net | $410 | $756 |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (USD $) | 9 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | |||||||||||||||
Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Jan. 14, 2011 | Sep. 28, 2014 | Sep. 28, 2014 | Oct. 20, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Oct. 07, 2014 | Oct. 07, 2014 | Oct. 07, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Sep. 29, 2014 | Oct. 20, 2014 | Oct. 20, 2014 | |
SVB [Member] | SVB [Member] | Rights offering [Member] | Rights offering [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | Subsequent event [Member] | |||
Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Maximum [Member] | Minimum [Member] | ALU [Member] | ALU [Member] | ALU [Member] | SVB [Member] | SVB [Member] | SVB [Member] | Private placement [Member] | Private placement [Member] | Private placement [Member] | Private placement [Member] | Private placement [Member] | Private placement [Member] | Rights offering [Member] | Rights offering [Member] | ||||
Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | Loan and Security Agreement [Member] | ALU and the Tallwood Group [Member] | ALU and the Tallwood Group [Member] | ALU and the Tallwood Group [Member] | The Tallwood Group [Member] | ALU [Member] | ||||||||||||
Common stock [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | ||||||||||||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financial commitment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $45,000,000 | ' | ' | ' | ' |
Number of common stock shares issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39,600,000 | ' | 27,400,000 | 12,200,000 | ' | ' |
Common stock issued par value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.41 | ' | ' | ' | ' | ' | ' | ' |
Gross proceeds from issuance of private placement | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,300,000 | ' | ' | ' | ' | ' | ' |
Additional common stock to be purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27,400,000 | ' | ' | ' |
Additional common stock to be purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,200,000 | 7,500,000 | ' | ' |
Maximum borrowing capacity | ' | ' | ' | $20,000,000 | ' | ' | ' | ' | $10,000,000 | ' | $20,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Warrants issued in pursuant with Loan agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrant issued price, per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.48 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares exercisable | ' | ' | ' | ' | ' | ' | ' | 1,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock exercise, description | ' | ' | ' | ' | ' | ' | ' | 'ALU may exercise 1.6 million shares at any time until November 30, 2017 and the remainder at any time after the funding commitments under the ALU Loan Agreement are met until November 30, 2017. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjusted quick ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.2 | 1 | ' | ' | ' | ' | ' | ' | ' | ' |
Loan agreement date | ' | ' | 14-Jan-11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of common stock shares sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,900,000 | ' |
Offer price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.41 |
Shares of common stock converted | ' | ' | ' | ' | ' | ' | 1.459707 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Record date | 26-Sep-14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of authorized shares of Common Stock | ' | ' | ' | ' | 425,000,000 | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding common stock, percentage of stockholders' in favor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51.30% | ' |
Increase in shares issuable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 144,900,000 |