Revenues

12 Months Ended

Jan. 02, 2021

Revenues

Revenues

14. Revenues

The Company groups its revenues into two categories, based on the markets and applications in which its products may be used. The following disaggregates the Company's revenue by product category (in thousands):

		Year Ended
	January 2,		December 28,		December 29,
	2021		2019		2018
Internet of Things	$	513,670	$	488,156	$	463,838
Infrastructure and automotive		373,007		349,398		404,429
	$	886,677	$	837,554	$	868,267

14. Revenues (Continued)

The Company has combined its previous product groups, Infrastructure, Broadcast and Access, into the Infrastructure and automotive product group. Prior periods were retrospectively adjusted. A portion of the Company's sales are made to distributors under agreements allowing certain rights of return and/or price protection related to the final selling price to the end customers. These factors impact the timing and uncertainty of revenues and cash flows. The Company recognized revenue of $17.7 million, $17.6 million and $24.3 million during fiscal 2020, 2019 and 2018, respectively, from performance obligations that were satisfied in previous reporting periods.

The following disaggregates the Company's revenue by sales channel (in thousands):

		Year Ended
	January 2,		December 28,		December 29,
	2021		2019		2018
Distributors	$	696,019	$	610,410	$	618,989
Direct customers		190,658		227,144		249,278
	$	886,677	$	837,554	$	868,267

The Company periodically reviews the assumptions used to estimate consideration it will be entitled to receive from customers. In fiscal 2020, the Company adjusted certain assumptions used to estimate the constraint on variable consideration based on an analysis of prior period estimates versus actual experience. These updated assumptions and resulting revision in estimates of variable consideration increased revenue by $11.9 million in the fourth quarter of fiscal 2020.