Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 28, 2019

Estimated Useful Lives by Major Asset

Estimated useful lives by major asset category are as follows:

Buildings and building improvements	10 to 39 years
Machinery, equipment and tooling	3 to 7 years
Software and computer equipment	3 to 10 years
Furniture, fixtures and leasehold improvements	3 to 7 years

ASU 2014-09 [Member]

Schedule of Revision of Prior Period Financial Statements

Previously issued comparative financial statements, which were revised to correct the error noted above, are presented “As Revised” in the tables presented in the following footnotes.

	December 29, 2018
(in thousands)	As Previously Reported		Adjustment		As Revised
Revised Consolidated Balance Sheet Amounts:
Assets
Accounts receivable, net	$	310,114	$	90,549	$	400,663
Total current assets	$	629,728	$	90,549	$	720,277
Total assets	$	887,557	$	90,549	$	978,106
Liabilities and shareholders' equity
Accrued customer rebates and returns	$	6,338	$	90,549	$	96,887
Total current liabilities	$	141,590	$	90,549	$	232,139
Total liabilities and shareholders' equity	$	887,557	$	90,549	$	978,106

	Fiscal Year Ended December 29, 2018
(in thousands)	As Previously Reported			Adjustment			As Revised
Revised Consolidated Statement of Cash Flows from Operating Activities Amounts:
Accounts receivable	$	(66,403	)	$	4,990		$	(61,413	)
Accrued customer rebates and returns	$	—		$	(5,173	)	$	(5,173	)
Accrued compensation and other liabilities	$	4,318		$	183		$	4,501
Net cash used in operating activities	$	78,112		$	—		$	78,112

The cumulative effect of the changes to the consolidated balance sheet from the adoption was as follows:

(in thousands)	As of December 30, 2017		Effect of Adoption		As of December 31, 2017
Accounts receivable, net	$	241,880	$	95,537	$	337,417
Accrued customer rebates and returns	$	6,522	$	95,537	$	102,059