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Balance Sheet Components (Tables)
 3 Months Ended
Apr. 03, 2022
Balance Sheet Related Disclosures [Abstract]  
Schedule of Accounts Receivable, Net
As of
(In thousands)April 3, 2022January 2, 2022
Accounts receivable, gross1
$131,872 $135,912 
Less: allowance for credit losses(15,181)(14,375)
Less: allowance for sales returns(337)(269)
     Accounts receivable, net$116,354 $121,268 

1 A lien exists on $83.8 million of our consolidated accounts receivable, gross, as of April 3, 2022 in connection with a Loan and Security Agreement entered into on March 29, 2019. See Note 11. Debt and Credit Sources.
Schedule of Accounts Receivable, Allowance for Credit Loss
Three Months Ended
(In thousands)April 3, 2022April 4, 2021
Balance at beginning of period$14,375 $13,850 
Provision for credit losses 1,300 1,220 
Write-offs(494)(826)
Balance at end of period$15,181 $14,244 
Schedule of Inventory
As of
(In thousands)April 3, 2022January 2, 2022
Photo-voltaic modules$134,417 $130,671 
Microinverters30,926 24,040 
Energy Storage Systems42,660 26,849 
Other solar power system component materials 37,609 32,872 
Inventories1 2
$245,612 $214,432 

1 A lien exists on $212.1 million of our gross inventory as of April 3, 2022 in connection with a Loan and Security Agreement entered into on March 29, 2019. See Note 11. Debt and Credit Sources.
2 Photovoltaic modules are classified as finished goods, while the remaining components of total inventories are classified as raw materials.
Schedule of Prepaid Expenses and Other Current Assets
As of
(In thousands)April 3, 2022January 2, 2022
Deferred project costs$76,069 $52,165 
Deferred costs for solar power systems15,839 18,834 
Related-party receivables8,483 3,684 
Other27,880 25,529 
Prepaid expenses and other current assets$128,271 $100,212 
Schedule of Property, Plant and Equipment, Net
As of
(In thousands)April 3, 2022January 2, 2022
Manufacturing equipment$3,848 $3,848 
Leasehold improvements29,950 28,936 
Solar power systems7,784 6,500 
Computer equipment23,993 23,112 
Internal-use software35,471 34,083 
Furniture and fixtures8,906 8,582 
Transportation equipment2,224 2,174 
Work-in-progress11,295 4,076 
   Property, plant and equipment, gross123,471 111,311 
Less: accumulated depreciation and impairment(80,976)(77,751)
   Property, plant, and equipment, net1
$42,495 $33,560 
1 Property, plant, and equipment is predominantly located in the U.S.
Schedule of Other Long-Term Assets
As of
(In thousands)April 3, 2022January 2, 2022
Equity investments with readily determinable fair value$— $91,473 
Equity investments without readily determinable fair value7,809 807 
Equity investments with fair value option8,528 8,374 
Cloud computing arrangements implementation costs1
9,654 11,692 
Deposits with related parties11,000 11,000 
Retail installment contract receivables, net of current portion63,758 — 
Long-term deferred project costs4,422 4,542 
Long-term prepaid taxes1,464 4,145 
Other22,894 24,961 
Other long-term assets$129,529 $156,994 
1 Includes our implementation costs incurred in cloud computing arrangements (“CCA”) which are capitalized as other long-term assets in accordance with the guidance in ASC 350-40, Internal-Use Software. As of April 3, 2022 and January 2, 2022, $0.5 million and $0.1 million, respectively, was included in amortization expense related to the amortization of our capitalized CCA costs.
Schedule of Accrued Liabilities
As of
(In thousands)April 3, 2022January 2, 2022
Employee compensation and employee benefits$24,429 $15,641 
Interest payable3,579 8,005 
Short-term warranty reserves40,650 24,158 
Restructuring reserve1,500 2,137 
Legal expenses9,391 9,052 
Taxes payable5,525 4,606 
Other44,495 38,381 
Accrued liabilities$129,569 $101,980 
Schedule of Other Long-Term Liabilities
As of
(In thousands)April 3, 2022January 2, 2022
Deferred revenue$39,255 $40,321 
Long-term warranty reserves37,846 56,124 
Unrecognized tax benefits15,189 14,689 
Long-term pension liability3,802 3,758 
Long-term deferred tax liabilities1,692 15,834 
Long-term taxes payable866 866 
Related-party liabilities1,458 1,458 
Other9,187 8,147 
Other long-term liabilities$109,295 $141,197 
Schedule of Accumulated Other Comprehensive Income
As of
(In thousands)April 3, 2022January 2, 2022
Cumulative translation adjustment$9,622 $9,620 
Net gain on long-term pension liability obligation1,548 1,548 
Net gain on long-term derivative financial instrument— — 
Deferred taxes— — 
Accumulated other comprehensive income$11,170 $11,168