Related-Party Transactions (Tables)

6 Months Ended

Jul. 02, 2023

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The following are balances and transactions entered into with Total and its affiliates.

	As of
(In thousands)	July 2, 2023		January 1, 2023
Accounts receivable	$	489	$	489
Prepaid expenses and other current assets	2,924		2,898
Other long-term assets	—		1,284
Accrued liabilities	158		8,033

	Three Months Ended				Six Months Ended
(In thousands)	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Other income:
(Income) expense from transition services agreement, net	$	59	$	(518)	$	(190)	$	(518)
Interest expense:
Interest expense incurred on the 4.00% debentures due 2023	—		1,000		171		2,000
Included within discontinued operations:
Total revenues	—		(2,152)		—		335
Total cost of revenues	1,855		2,911		8,679		7,679

Related-party transactions and balances with SunStrong, SunStrong Partners, Dorado DevCo, and our dealer accelerator equity investees are as follows:

	As of
(In thousands)	July 2, 2023		January 1, 2023
Accounts receivable	$	29,538	$	33,864
Loan receivables held for sale, net	12,917		—
Prepaid expenses and other current assets	4,171		3,959
Other long-term assets	6,549		6,549
Accounts payable	742		165
Accrued liabilities	2,162		97
Contract liabilities	157,803		63,504

	Three Months Ended				Six Months Ended
(In thousands)	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Revenues and fees received from investees for products/services	$	117,453	$	53,286	$	202,744	$	98,806

The below table summarizes our transactions with Maxeon Solar for the three and six months ended July 2, 2023:

	Three Months Ended				Six Months Ended
(In thousands)	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Purchases of photovoltaic modules (recorded in cost of revenues)	$	78,432	$	62,602	$	148,890	$	135,061
Research and development expenses reimbursement received	542		8,061		1,006		17,535
Sublease income (recorded in sales, general, and administrative expense)	468		—		936		—
Income (expense) from transition services agreement, net	(25)		(24)		(50)		(290)

We had the following balances related to transactions with Maxeon Solar as of July 2, 2023:

	As of
(In thousands)	July 2, 2023		January 1, 2023
Prepaid and other current assets	$	419	$	607
Accrued liabilities	7,887		11,239
Accounts payable	44,347		38,486
Other long-term liabilities	1,458		1,458