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Pay vs Performance Disclosure
 12 Months Ended
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jan. 01, 2022
USD ($)
Jan. 02, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE DISCLOSURE
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and other named executive Officers
(“Non-PEO
NEOs”) and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
               
Year
  
Summary
Compensation
Table Total for
James R.
Anderson
(1)

($)
  
Compensation
Actually Paid
to James R.
Anderson
(1)(2)(3)

($)
  
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
(1)

($)
  
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
(1)(2)(3)

($)
  
Value of Initial
Fixed $100
Investment
based on:
(4)
  
Net
Income
($
Millions)
  
TSR
Percentile
Rank
Relative to
the
Russell
3000
Index
(5)
 
TSR
($)
  
Peer
Group
TSR
($)
                 
(a)
  
(b)
  
(c)
  
(d)
  
(e)
  
(f)
  
(g)
  
(h)
  
(i)
                 
2023
   14,379,579   22,039,109   4,523,440   5,492,714   358.76   237.57   259.1   43
rd
percentile
                 
2022
   11,653,423   8,548,319   3,395,414   (392,017)   337.39   142.26   178.9   59
th
percentile
                 
2021
   18,387,422   70,640,501   4,764,499   15,839,660   400.73   218.45   95.9   89
th
percentile
                 
2020
   7,226,551   49,899,940   2,356,257   15,086,398   238.27   152.93   47.4   93
rd
percentile
(1)
James R. Anderson was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
       
2020
  
2021
  
2022
  
2023
Sherri Luther   Sherri Luther   Sherri Luther   Sherri Luther
Esam Elashmawi   Esam Elashmawi   Esam Elashmawi   Esam Elashmawi
Stephen Douglass   Stephen Douglass   Stephen Douglass   Pravin Desale
Mark Nelson   Mark Nelson   Mark Nelson   Mark Nelson
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Sum
ma
ry Compensation Table.
 
Year
   
Summary
Compensation
Table Total for
James R.
Anderson
($)
     
Exclusion of
Stock
Awards for
James R.
Anderson
($)
     
Inclusion of
Equity
Values for
James R.
Anderson
($)
     
Compensation
Actually
Paid to
James R.
Anderson
($)
  
       
2023
      14,379,579        (12,897,726 )       20,557,256        22,039,109  
 
Year
   
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
($)
     
Average
Exclusion
of Stock
Awards for
Non-PEO

NEOs
($)
     
Average
Inclusion
of Equity
Values for
Non-PEO

NEOs
($)
     
Average
Compensation
Actually
Paid to
Non-PEO

NEOs
($)
  
         
2023
      4,523,440        (3,919,852 )       4,889,126        5,492,714  
The amounts in the Inclusion of Equity Values in the tables above are derived
f
rom the amounts set forth in the following tables:
 
Year
  
Year-End

Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of Year
for James
R.
Anderson
($)
    
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Unvested
Equity
Awards for
James R.
Anderson
($)
    
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
James R.
Anderson
($)
    
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards
that Vested
During
Year for
James R.
Anderson
($)
    
Fair
Value at
Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
James R.
Anderson
($)
    
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for James
R.
Anderson
($)
    
Total -
Inclusion of
Equity
Values for
James R.
Anderson
($)
  
               
2023
     8,765,606       5,840,624       —       5,951,026       —       —       20,557,256  
 
Year
  
Average
Year-End

Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of Year
for
Non-PEO

NEOs
($)
    
Average
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Unvested
Equity
Awards for
Non-PEO

NEOs
($)
    
Average
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
Non-PEO

NEOs
($)
    
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards
that Vested
During
Year for
Non-PEO

NEOs
($)
    
Average
Fair
Value at
Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
Non-PEO

NEOs
($)
    
Average
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for
Non-PEO

NEOs
($)
    
Total -
Average
Inclusion of
Equity
Values for
Non-PEO

NEOs
($)
  
               
2023
     2,553,868       1,118,747       —       1,216,511       —       —       4,889,126  
(4)
The Peer Group TSR set forth in this table utilizes the Philadelphia Semiconductor Index (“PHLX Semiconductor Index”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 28, 2019, through the end of the listed year in the Company and in the PHLX Semiconductor, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined TSR Percentile Rank relative to the Russell 3000 Index to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2023. We present
one-year
percentile ranks in this table. This performance measure may not have been the most important financial performance measure for years 2022, 2021, and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
     
Company Selected Measure Name TSR Percentile Rank relative to the Russell 3000 Index      
Named Executive Officers, Footnote
(1)
James R. Anderson was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
       
2020
  
2021
  
2022
  
2023
Sherri Luther   Sherri Luther   Sherri Luther   Sherri Luther
Esam Elashmawi   Esam Elashmawi   Esam Elashmawi   Esam Elashmawi
Stephen Douglass   Stephen Douglass   Stephen Douglass   Pravin Desale
Mark Nelson   Mark Nelson   Mark Nelson   Mark Nelson
      
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table utilizes the Philadelphia Semiconductor Index (“PHLX Semiconductor Index”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 28, 2019, through the end of the listed year in the Company and in the PHLX Semiconductor, respectively. Historical stock performance is not necessarily indicative of future stock performance. 		     
PEO Total Compensation Amount $ 14,379,579 $ 11,653,423 $ 18,387,422 $ 7,226,551
PEO Actually Paid Compensation Amount $ 22,039,109 8,548,319 70,640,501 49,899,940
Adjustment To PEO Compensation, Footnote
Year
   
Summary
Compensation
Table Total for
James R.
Anderson
($)
     
Exclusion of
Stock
Awards for
James R.
Anderson
($)
     
Inclusion of
Equity
Values for
James R.
Anderson
($)
     
Compensation
Actually
Paid to
James R.
Anderson
($)
  
       
2023
      14,379,579        (12,897,726 )       20,557,256        22,039,109  
Year
  
Year-End

Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of Year
for James
R.
Anderson
($)
    
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Unvested
Equity
Awards for
James R.
Anderson
($)
    
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
James R.
Anderson
($)
    
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards
that Vested
During
Year for
James R.
Anderson
($)
    
Fair
Value at
Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
James R.
Anderson
($)
    
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for James
R.
Anderson
($)
    
Total -
Inclusion of
Equity
Values for
James R.
Anderson
($)
  
               
2023
     8,765,606       5,840,624       —       5,951,026       —       —       20,557,256  
      
Non-PEO NEO Average Total Compensation Amount $ 4,523,440 3,395,414 4,764,499 2,356,257
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,492,714 (392,017) 15,839,660 15,086,398
Adjustment to Non-PEO NEO Compensation Footnote
Year
   
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
($)
     
Average
Exclusion
of Stock
Awards for
Non-PEO

NEOs
($)
     
Average
Inclusion
of Equity
Values for
Non-PEO

NEOs
($)
     
Average
Compensation
Actually
Paid to
Non-PEO

NEOs
($)
  
         
2023
      4,523,440        (3,919,852 )       4,889,126        5,492,714  
Year
  
Average
Year-End

Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of Year
for
Non-PEO

NEOs
($)
    
Average
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Unvested
Equity
Awards for
Non-PEO

NEOs
($)
    
Average
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
Non-PEO

NEOs
($)
    
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards
that Vested
During
Year for
Non-PEO

NEOs
($)
    
Average
Fair
Value at
Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
Non-PEO

NEOs
($)
    
Average
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for
Non-PEO

NEOs
($)
    
Total -
Average
Inclusion of
Equity
Values for
Non-PEO

NEOs
($)
  
               
2023
     2,553,868       1,118,747       —       1,216,511       —       —       4,889,126  
      
Compensation Actually Paid vs. Total Shareholder Return
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and the Company’s cumulative TSR for the fiscal years indicated, and the PHLX Semiconductor Index TSR over the same period.
 
 
LOGO
     
Compensation Actually Paid vs. Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our net income during the four most recently completed fiscal years.
 
 
      
Compensation Actually Paid vs. Company Selected Measure
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our TSR Percentile Rank Relative to the Russell
3000
Index during the four most recently completed fiscal years.
 
 
LOGO
     
Total Shareholder Return Vs Peer Group
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and the Company’s cumulative TSR for the fiscal years indicated, and the PHLX Semiconductor Index TSR over the same period.
 
 
LOGO
     
Tabular List, Table
Tabular List of Most Important Financial Performance Measures
 
 
TSR relative to the Russell 3000 Index
Non-GAAP
Operating Income
Revenue
 
      
Total Shareholder Return Amount $ 358.76 337.39 400.73 238.27
Peer Group Total Shareholder Return Amount 237.57 142.26 218.45 152.93
Net Income (Loss) $ 259,100,000 $ 178,900,000 $ 95,900,000 $ 47,400,000
Company Selected Measure Amount 0.43 0.59 0.89 0.93
PEO Name James R. Anderson      
Measure:: 1        
Pay vs Performance Disclosure        
Name TSR relative to the Russell 3000 Index      
Measure:: 2        
Pay vs Performance Disclosure        
Name Non-GAAP Operating Income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Revenue      
PEO | Exclusion of Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (12,897,726)      
PEO | Inclusion of Equity Values [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 20,557,256      
PEO | James R. Anderson [Member] | Year End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,765,606      
PEO | James R. Anderson [Member] | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,840,624      
PEO | James R. Anderson [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,951,026      
PEO | James R. Anderson [Member] | Total Inclusion of Equity Values [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 20,557,256      
Non-PEO NEO | Exclusion of Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,919,852)      
Non-PEO NEO | Inclusion of Equity Values [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,889,126      
Non-PEO NEO | Year End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,553,868      
Non-PEO NEO | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,118,747      
Non-PEO NEO | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,216,511      
Non-PEO NEO | Total Inclusion of Equity Values [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 4,889,126