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Equity Investments (Tables)
 12 Months Ended
Jan. 01, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments The carrying value of our equity investments, classified as “short-term investments” and “other long-term assets” on our consolidated balance sheets, are as follows:
As of

January 1, 2023January 2, 2022
(In thousands)
(As Restated)
Equity investments with readily determinable fair value:
Enphase Energy, Inc.$132,480 $457,352 
Total equity investments with readily determinable fair value132,480 457,352 
Equity investments without readily determinable fair value:
OhmConnect investment5,000 — 
Equity method investments under the Dealer Accelerator Program26,419 — 
Other equity investments without readily determinable fair value280 807 
Total equity investments without readily determinable fair value31,699 807 
Equity investments with fair value option:
SunStrong Capital Holdings, LLC9,871 8,371 
Dorado Development Partners, LLC8,173 — 
SunStrong Partners, LLC302 3 
Total equity investment with fair value option18,346 8,374 
Total equity investments$182,525 $466,533 
Summarized Financial Information of Unconsolidated VIEs
The following tables present summarized consolidated financial statements for SunStrong, a significant investee, based on unaudited information provided to us by the investee:1
Fiscal Year Ended
(In thousands)January 1, 2023January 2, 2022January 3, 2021
Summarized statements of operations information:
Revenues$147,946 $136,428 $123,772 
Net income (loss)(768)5,575 (10,788)
Net income (loss) attributable to parents10,751 (37,913)52,483 
As of
(In thousands)January 1, 2023January 2, 2022
Summarized balance sheet information:
      Current assets$88,561 $93,722 
      Long-term assets1,823,437 1,626,125 
      Current liabilities94,414 65,872 
      Long-term liabilities1,378,462 1,295,540 

1 Note that amounts are reported one quarter in arrears as permitted by applicable guidance.
Schedule of Related Party Transactions
The following are balances and transactions entered into with Total and its affiliates.

As of
(In thousands)January 1, 2023January 2, 2022
Accounts receivable$489 $238 
Prepaid expenses and other current assets2,898 — 
Other long-term assets1,284 — 
Accrued liabilities8,033 — 

Fiscal Year Ended

January 1, 2023January 2, 2022January 3, 2021
(In thousands)
(As Restated)
(As Restated)
(As Restated)
Other income:
    Gain on early retirement of convertible debt$— $— $1,857 
    (Income) expense from transition services agreement, net(281)— — 
Sublease income (recorded in sales, general, and administrative expense)(499)— — 
Interest expense:
Guarantee fees incurred under the Credit Support Agreement— — 13 
Interest expense incurred on the 0.875% debentures due 2021
— — 1,238 
Interest expense incurred on the 4.00% debentures due 2023
4,000 4,000 4,000 
Related-party transactions and balances with SunStrong, SunStrong Partners, Dorado DevCo, and our dealer accelerator equity investees are as follows:
As of
January 1, 2023January 2, 2022
(In thousands)(As Restated)
Accounts receivable$33,864 $22,089 
Prepaid expenses and other current assets3,959 2,222 
Other long-term assets6,549 11,000 
Accounts payable165 53 
Accrued liabilities97 676 
Contract liabilities63,504 17,442 

Fiscal Year Ended
(In thousands)January 1, 2023January 2, 2022January 3, 2021
Revenues and fees received from investees for products/services$251,265 $202,386 $201,130 
(Gain) loss on business divestitures, net— (224)— 
The below table summarizes our transactions with Maxeon Solar for the fiscal year ended January 1, 2023, January 2, 2022, and January 3, 2021:

Fiscal Year Ended
(In thousands)January 1, 2023January 2, 2022January 3, 2021
Purchases of photo-voltaic modules (recorded in cost of revenues)$190,633 $224,576 $96,217 
Research and development expenses reimbursement received18,626 33,475 12,473 
Income (expense) from transition services agreement, net(350)5,876 6,260 
Sublease income (recorded in sales, general, and administrative expense)639 — — 

The Company had the following balances related to transactions with Maxeon Solar as of January 1, 2023 and January 2, 2022:

As of

January 1, 2023January 2, 2022
(As Restated)
Prepaid and other current assets$607 $1,928 
Accrued liabilities 11,239 7,493 
Accounts payable38,486 29,130 
Other long-term liabilities1,458 1,458