
	As of
(In thousands)	July 2, 2023		January 1, 2023
Accounts receivable, gross	$	228,415	$	189,636
Less: allowance for credit losses	(13,871)		(14,750)
Less: allowance for sales returns	(166)		(309)
Accounts receivable, net	$	214,378	$	174,577


	Three Months Ended				Six Months Ended
(In thousands)	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Balance at beginning of period	$	13,596	$	15,181	$	14,750	$	14,375
Provision for credit losses	865		628		1,307		1,928
Write-offs	(590)		(150)		(2,186)		(644)
Balance at end of period	$	13,871	$	15,659	$	13,871	$	15,659


	As of
(In thousands)	July 2, 2023		January 1, 2023
Photovoltaic modules	$	244,068	$	156,292
Microinverters	68,832		46,088
Energy storage systems	58,670		63,327
Other solar power system component materials	52,470		51,108
Inventories1	$	424,040	$	316,815

1 Photovoltaic modules are classified as finished goods, while the remaining components of total inventories are classified as raw materials.


	As of
(In thousands)	July 2, 2023		January 1, 2023
Deferred project costs	$	101,283	$	126,896

Deferred costs for solar power systems	86,637		34,124



Related-party receivables	10,119		3,959

Derivative assets	80		—

Other	30,164		32,781
Prepaid expenses and other current assets	$	228,283	$	197,760


	As of
(In thousands)	July 2, 2023		January 1, 2023
Testing equipment and tools	$	1,804	$	1,157
Leasehold improvements	17,368		14,342
Solar power systems	11,100		10,271
Computer equipment	15,576		14,411
Internal-use software	92,082		70,621
Furniture and fixtures	8,105		8,088
Transportation equipment	5,160		3,941
Vehicle finance leases	20,402		12,316
Work-in-progress	7,590		5,958
Property, plant and equipment, gross2	179,187		141,105
Less: accumulated depreciation and impairment2,3	(83,472)		(66,583)
Property, plant, and equipment, net1,3	$	95,715	$	74,522

2 When our property, plant, and equipment are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from our condensed consolidated balance sheets, and any resulting gain or loss is included within our condensed consolidated statements of operations. As of July 2, 2023 and January 1, 2023, $0.2 million and $0.1 million, respectively, of our gross property, plant, and equipment, which were fully depreciated, were retired, thus, no gain or loss was recognized from the disposal.

3 For the three and six months ended July 2, 2023, we recorded depreciation expense, including accretion expense related to our asset retirement obligations, of $11.8 million and $21.1 million, respectively. For the three and six months ended July 3, 2022, we recorded depreciation expense of $4.2 million and $7.6 million, respectively.


	As of
(In thousands)	July 2, 2023		January 1, 2023

Equity investments without readily determinable fair value	$	39,180	$	31,751
Equity investments with fair value option (“FVO”)	26,023		18,346

Cloud computing arrangements implementation costs, net of current portion1	5,609		9,179

Deposits with related parties	6,550		7,329
Retail installment contract receivables, net of current portion2, 3	91,203		98,001
Long-term deferred project costs	2,925		3,110

Derivative assets	2,507		2,293
Debt issuance costs	—		3,556
Loan receivables held to maturity, net of current portion3	1,205		—
Other	18,710		19,020
Other long-term assets	$	193,912	$	192,585

1As of July 2, 2023 and January 1, 2023, we recorded $2.7 million and $5.1 million, respectively, of amortization expense related to the amortization of our capitalized CCA costs.

2 Our long-term retail installment contract receivables are presented net of the significant financing component of $21.8 million and $22.5 million, and allowance for credit losses of $0.7 million and $0.4 million as of July 2, 2023 and January 1, 2023, respectively.

3 We are exposed to credit risk from certain customers and their potential payment delinquencies on our retail installment contracts and other loan receivables held to maturity. As of July 2, 2023, the average Fair Isaac Corporation (“FICO”) score of our customers under a retail installment contract agreement remained at or above 750, which is generally categorized as a “Very Good” credit profile by the Fair Isaac Corporation. As of July 2, 2023, the average FICO score of our customers under other loan receivable agreements remained at or above 600, which is generally categorized as a “Fair” credit profile by the Fair Isaac Corporation.


	As of
(In thousands)	July 2, 2023		January 1, 2023
Employee compensation and employee benefits	$	18,959	$	36,452
Interest payable	595		8,549
Short-term warranty reserves	33,495		29,657
Legal expenses	5,727		2,830
Taxes payable	7,032		8,167
Payable to related parties	7,887		11,239
Short-term finance lease liabilities	4,724		2,949

Indemnification obligations retained from C&I Solutions sale1	22,674		20,632
Other	30,601		24,754
Accrued liabilities	$	131,694	$	145,229

1 As of July 2, 2023, we had a total of $22.5 million and $0.2 million of warranty reserves and other indemnifications, respectively, retained in connection with the sale of our C&I Solutions business to TotalEnergies Renewables. As of January 1, 2023, we retained a total of $13.5 million and $7.1 million of warranty reserves and other indemnifications, respectively.


	As of
(In thousands)	July 2, 2023		January 1, 2023
Deferred revenue	$	33,642	$	35,864
Long-term warranty reserves	25,269		28,082
Unrecognized tax benefits	12,939		12,295



Related-party liabilities	1,458		1,458
Long-term finance lease liabilities	12,376		7,878

Indemnification obligations retained from C&I Solutions sale1	10,946		11,385
Other	18,075		11,013
Other long-term liabilities	$	114,705	$	112,797

1 As of July 2, 2023, we had a total of $7.2 million and $3.7 million of warranty reserves and other indemnifications, respectively, retained in connection with the sale of our C&I Solutions business to TotalEnergies Renewables. As of January 1, 2023, we retained a total of $7.6 million and $3.8 million of warranty reserves and other indemnifications, respectively.


	As of
(In thousands)	July 2, 2023		January 1, 2023
Cumulative translation adjustment	$	9,594	$	9,576
Net gain on long-term pension liability obligation	1,992		1,992


Accumulated other comprehensive income	$	11,586	$	11,568