BIOLASE, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities and Deferred Revenue (Tables)

Accrued Liabilities and Deferred Revenue (Tables)

6 Months Ended

Jun. 30, 2016

Accrued liabilities are comprised of the following (in thousands):

	June 30,		December 31,
	2016		2015
Payroll and benefits	$	1,962	$	2,303
Warranty accrual, current portion		1,053		1,345
Taxes		531		445
Accrued professional services		773		681
Accrued capital lease and warranty obligations - current		169		167
Accrued insurance premium		147		467
Other		175		498
Total accrued liabilities	$	4,810	$	5,906

Changes in Initial Product Warranty Accrual and Expenses Under Initial and Extended Warranties

Changes in the initial product warranty accrual and the expenses incurred under the Company’s initial and extended warranties for the three and six months ended June 30, 2016 and 2015 are included within accrued liabilities on the Consolidated Balance Sheets and were as follows (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
Initial warranty accrual, beginning balance	$	2,060		$	1,667		$	2,188		$	1,449
Provision for estimated warranty cost		36			545			97			996
Warranty expenditures		(177	)		(215	)		(366	)		(448	)
		1,919			1,997			1,919			1,997
Less warranty accrual, long-term		866			868			866			868
Total warranty accrual, current portion	$	1,053		$	1,129		$	1,053		$	1,129

Components of Deferred Revenue

Deferred revenue is comprised of the following (in thousands):

	June 30,		December 31,
	2016		2015
Undelivered elements (training, installation, and product and support services)	$	1,637	$	1,608
Extended warranty contracts		1,405		1,428
Deferred royalties		201		261
Total Deferred Revenue		3,243		3,297
Less long-term amounts:
Deferred royalties		82		142
Total Deferred Revenue - Long-Term		82		142
Total Deferred Revenue - Current	$	3,161	$	3,155