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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 504,850 $ 1,074,623
Short-term investments 972,845 964,582
Accounts receivable, net 72,106 98,313
Inventories 74,026 49,307
Prepaid expenses and other current assets 86,138 51,748
Total current assets 1,709,965 2,238,573
Property and equipment, net 149,447 146,516
Goodwill 376,389 376,389
Other intangible assets, net 99,784 118,978
Other assets, net 83,813 77,839
Total assets 2,419,398 2,958,295
Current liabilities:    
Accounts payable 95,365 47,327
Current portion of convertible debt, net   450,599
Deferred revenue and returns liability 10,696 13,849
Other current liabilities 126,058 157,052
Total current liabilities 232,119 668,827
Convertible debt, net 528,564  
Other non-current liabilities 53,371 77,044
Total liabilities 814,054 745,871
Commitments and contingencies
Stockholders' equity:    
Preferred stock - $0.0001 par value; 10,000 shares authorized; no shares issued
Common stock - $0.0001 par value; 250,000 shares authorized; 34,223 and 38,481 shares issued and outstanding at July 2, 2022 and January 1, 2022, respectively 3 4
Retained earnings 1,619,396 2,214,839
Accumulated other comprehensive loss (14,055) (2,419)
Total stockholders' equity 1,605,344 2,212,424
Total liabilities and stockholders' equity $ 2,419,398 $ 2,958,295