Balance Sheet Components (Tables)

3 Months Ended

Apr. 02, 2023

Balance Sheet Related Disclosures [Abstract]

Schedule of Amortized Cost and Estimated Fair Market Value of Investments Classified as Available-for-Sale Excluding Cash Equivalents

Amortized cost and estimated fair market value of investments classified as available-for-sale, excluding cash equivalents, as of April 2, 2023, and December 31, 2022, were as follows:

	April 2, 2023
(In thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
U.S. treasury securities	$	88,535	$	—	$	(78	)	$	88,457
Convertible debt (1)		346		—		—			346
Total	$	88,881	$	—	$	(78	)	$	88,803

	December 31, 2022
(In thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
U.S. treasury securities	$	74,120	$	—	$	(320	)	$	73,800
Convertible debt (1)		346		—		—			346
Certificates of deposit		6		—		—			6
Total	$	74,472	$	—	$	(320	)	$	74,152

(1)On the Company’s unaudited condensed consolidated balance sheets, $173,000 included in Short-term investments as of April 2, 2023, and December 31, 2022, respectively, and $173,000 included in Other non-current assets as of April 2, 2023, and December 31, 2022, respectively.

Schedule of Investments Classified as Available-for-Sale in Continuous Unrealized Loss Position

The following table summarizes investments classified as available-for-sale in a continuous unrealized loss position for which an allowance for credit losses was not recorded as of April 2, 2023 and December 31, 2022:

	April 2, 2023
	Less Than 12 Months					12 Months or Longer				Total
(In thousands)	Estimated Fair Market Value		Gross Unrealized Losses			Estimated Fair Market Value		Gross Unrealized Losses		Estimated Fair Market Value		Gross Unrealized Losses
U.S. treasury securities	$	88,457	$	(78	)	$	—	$	—	$	88,457	$	(78	)
Total	$	88,457	$	(78	)	$	—	$	—	$	88,457	$	(78	)

	December 31, 2022
	Less Than 12 Months					12 Months or Longer				Total
(In thousands)	Estimated Fair Market Value		Gross Unrealized Losses			Estimated Fair Market Value		Gross Unrealized Losses		Estimated Fair Market Value		Gross Unrealized Losses
U.S. treasury securities	$	73,800	$	(320	)	$	—	$	—	$	73,800	$	(320	)
Total	$	73,800	$	(320	)	$	—	$	—	$	73,800	$	(320	)

Schedule of Inventories

Inventories

(In thousands)	April 2, 2023		December 31, 2022
Raw materials	$	4,732	$	4,549
Finished goods		332,455		295,065
Total	$	337,187	$	299,614

Schedule of Property and Equipment, Net

Property and equipment, net

(In thousands)	April 2, 2023			December 31, 2022
Computer equipment	$	9,639		$	9,648
Furniture, fixtures, and leasehold improvements		19,002			18,642
Software		30,724			30,610
Machinery and equipment		77,069			76,806
Total property and equipment, gross		136,434			135,706
Accumulated depreciation		(128,168	)		(126,481	)
Total	$	8,266		$	9,225

Schedule of Intangibles, Net

Intangibles, net

	April 2, 2023							December 31, 2022
(In thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Technology	$	59,799	$	(58,799	)	$	1,000	$	59,799	$	(58,692	)	$	1,107
Other		10,345		(10,145	)		200		10,345		(10,123	)		222
Total	$	70,144	$	(68,944	)	$	1,200	$	70,144	$	(68,815	)	$	1,329

Schedule of Other Non-Current Assets

Other non-current assets

(In thousands)	April 2, 2023		December 31, 2022
Non-current deferred income taxes	$	90,275	$	85,704
Long-term investments		7,860		7,879
Other		4,895		4,210
Total	$	103,030	$	97,793

Schedule of Changes in Carrying Value of Long-term Equity Investments

Long-term equity investments

The Company's long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt securities and investments in limited partnership funds. The changes in the carrying value of equity investments without readily determinable fair values were as follows:

	Three Months Ended
(In thousands)	April 2, 2023		April 3, 2022
Carrying value as of the beginning of the period (1)	$	6,053	$	6,303
Impairment		—		(250	)
Carrying value as of the end of the period (1)	$	6,053	$	6,053

The balances excluded an investment in limited partnership funds of $1.6 million as of April 2, 2023, $1.2 million as of April 3, 2022, $1.7 million as of December 31, 2022, and $0.9 million as of December 31, 2021. Additionally, the balance excluded an investment in convertible debt securities of $0.2 million as of April 2, 2023, and December 31, 2022, respectively, $0.3 million as of April 3, 2022, and December 31, 2021, respectively.

Schedule of Other Accrued Liabilities

Other accrued liabilities

(In thousands)	April 2, 2023		December 31, 2022
Current operating lease liabilities	$	12,460	$	11,012
Sales and marketing		86,008		98,690
Warranty obligations		6,351		6,320
Sales returns(1)		39,675		44,944
Freight and duty		3,749		7,243
Other		42,033		45,267
Total	$	190,276	$	213,476

(1)Inventory expected to be received from future sales returns amounted to $18.8 million and $21.8 million as of April 2, 2023 and December 31, 2022, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $11.1 million and $11.8 million as of April 2, 2023, and December 31, 2022, respectively.