Related Party Transactions (Tables)

12 Months Ended

Jan. 01, 2023

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


	As of
(In thousands)	January 1, 2023		January 2, 2022

Accounts receivable	$	489	$	238
Prepaid expenses and other current assets	2,898		—
Other long-term assets	1,284		—
Accrued liabilities	8,033		—


	Fiscal Year Ended
	January 1, 2023		January 2, 2022		January 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, 2023		January 2, 2022
(In thousands)			(As Restated)
Accounts receivable	$	33,864	$	22,089
Prepaid expenses and other current assets	3,959		2,222
Other long-term assets	6,549		11,000
Accounts payable	165		53
Accrued liabilities	97		676
Contract liabilities	63,504		17,442


	Fiscal Year Ended
(In thousands)	January 1, 2023		January 2, 2022		January 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, 2023		January 2, 2022		January 3, 2021
Purchases of photo-voltaic modules (recorded in cost of revenues)	$	190,633	$	224,576	$	96,217
Research and development expenses reimbursement received	18,626		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, 2023		January 2, 2022
			(As Restated)
Prepaid and other current assets	$	607	$	1,928
Accrued liabilities	11,239		7,493
Accounts payable	38,486		29,130
Other long-term liabilities	1,458		1,458