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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Income Statement [Abstract]    
Total revenues $ 350,277 $ 240,136
Total cost of revenues 277,968 194,170
Gross profit 72,309 45,966
Operating expenses:    
Research and development [1] 5,010 4,624
Sales, general, and administrative 76,996 42,267
Restructuring charges (credits) 627 3,766
(Gain) loss on sale and impairment of residential lease assets 0 (226)
(Income) expense from transition services agreement, net [1] 266 (3,087)
Total operating expenses 82,899 47,344
Operating income (loss) (10,590) (1,378)
Other (expense) income, net:    
Interest income 42 52
Interest expense [1] (5,044) (7,027)
Other, net 1,444 (44,515)
Other (expense) income, net (3,558) (51,490)
(Loss) income from continuing operations before income taxes (14,148) (52,868)
Benefits from (provision for) income taxes 11,643 5,126
Net (loss) income from continuing operations (2,505) (47,742)
(Loss) income from discontinued operations before income taxes [2] (26,298) (1,854)
Benefits from (provision for) income taxes from discontinued operations 343 98
Net (loss) income from discontinued operations, net of taxes (25,955) (1,756)
Net (loss) income (28,460) (49,498)
Net loss (income) from continuing operations attributable to noncontrolling interests 339 595
Net loss (income) from discontinued operations attributable to noncontrolling interests 250 518
Net loss (income) attributable to noncontrolling interests 589 1,113
Net (loss) income from continuing operations attributable to stockholders (2,166) (47,147)
Net (loss) income from discontinued operations attributable to stockholders (25,705) (1,238)
Net (loss) income attributable to stockholders $ (27,871) $ (48,385)
Net (loss) income per share attributable to stockholders - basic:    
Continuing operations (in dollars per share) $ (0.01) $ (0.28)
Discontinued operations (in dollars per share) (0.15) (0.01)
Net (loss) income per share – basic (in dollars per share) (0.16) (0.29)
Net (loss) income per share attributable to stockholders - diluted:    
Continuing operations (in dollars per share) (0.01) (0.28)
Discontinued operations (in dollars per share) (0.15) (0.01)
Net (loss) income per share - diluted (in dollars per share) $ (0.16) $ (0.29)
Weighted-average shares:    
Basic (in shares) 173,376,000 171,200,000
Dilutive weighted-average common shares (in shares) 173,376,000 171,200,000
[1] We have related-party transactions with TotalEnergies SE and its affiliates, Maxeon Solar, and unconsolidated entities in which we have a direct equity investment. These related-party transactions are recorded within the “revenues: solar power systems and components,” “operating expenses: research and development,” “operating expenses: (income) expense transition services agreement, net,” “other income (expense), net: interest expense,” and “(loss) income from discontinued operations before income taxes” financial statement line items in our condensed consolidated statements of operations (see Note 3, Note 10, and Note 12).
[2] We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar Technologies, Ltd. (“Maxeon Solar”), and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “accounts receivable, net,” “prepaid expenses and other current assets,” “accounts payable,” “accrued liabilities,” “convertible debt, current portion,” “contract liabilities, current portion,” “convertible debt, net of current portion,” “other long-term liabilities,” “current assets of discontinued operations,” “current liabilities of discontinued operations,” and “long-term liabilities of discontinued operations” financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 9, Note 10, Note 11, and Note 12)