Debt (Tables)

12 Months Ended

Dec. 31, 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):

	December 31,		January 1,
	2022		2022
Liability component
Principal	$	534,980	$	535,000
Unamortized debt discount		—		(78,519)
Unamortized debt issuance costs		(5,407)		(5,882)
Net carrying amount	$	529,573	$	450,599
Equity component
Net carrying amount	$	—	$	107,928

Schedule of components of interest expense

11. Debt (Continued)

Interest expense related to the Company’s convertible debt was comprised of the following (in thousands):

	Year Ended
		December 31,	January 1,		January 2,
		2022	2022		2021
Contractual interest expense	$	3,346	$	3,662	$	5,530
Amortization of debt discount		—		21,112		19,375
Amortization of debt issuance costs		2,003		1,655		2,058
	$	5,349	$	26,429	$	26,963