Debt (Tables)

6 Months Ended

Jul. 02, 2022

Debt

Summary of information about the equity and liability components of convertible debt

The carrying amount of the 2025 Notes consisted of the following (in thousands):

	July 2,		January 1,
	2022		2022
Liability component
Principal	$	534,980	$	535,000
Unamortized debt discount		—		(78,519)
Unamortized debt issuance costs		(6,416)		(5,882)
Net carrying amount	$	528,564	$	450,599
Equity component
Net carrying amount	$	—	$	107,928

Schedule of components of interest expense

Interest expense related to the notes was comprised of the following (in thousands):

	Three Months Ended				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
	2022		2021		2022		2021
Contractual interest expense	$	839	$	836	$	1,684	$	1,999
Amortization of debt discount		—		4,992		—		10,930
Amortization of debt issuance costs		497		374		994		892
	$	1,336	$	6,202	$	2,678	$	13,821