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Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 29, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements
ASC 606 requires us to disclose the effect of adoption on each financial statement line item in the current reporting period during 2018 as compared to the revenue recognition accounting standard that was in effect in 2017, and an explanation of the reasons for significant changes. Such information is as follows:

Condensed Consolidated Statement of Operations
 
 
Year ended December 29, 2018
 (In thousands, except per share data)
 
As reported under new standard
 
Adjustments
 
Pro forma as if previous standard was in effect
Product revenue
 
380,468

 
(14,098
)
 
366,370

Licensing and services revenue
 
18,331

 
(1,478
)
 
16,853

Cost of product revenue
 
179,101

 
(6,399
)
 
172,702

Net loss
 
(26,322
)
 
(9,177
)
 
(35,499
)
 
 
 
 
 
 
 
Net loss per share, basic and diluted
 
(0.21
)
 
(0.07
)
 
(0.28
)

Condensed Consolidated Balance Sheets
 
 
As of December 29, 2018
 (In thousands)
 
As reported under new standard
 
Adjustments
 
Pro forma as if previous standard was in effect
Accounts receivable, net of allowance for doubtful accounts
 
60,890

 
6,600

 
67,490

Inventories
 
67,096

 
78

 
67,174

Prepaid expenses and other current assets
 
27,762

 
(9,775
)
 
17,987

Total assets
 
623,687

 
(3,097
)
 
620,590

 
 
 
 
 
 
 
Accounts payable and accrued expenses (includes restructuring)
 
51,763

 
(1,156
)
 
50,607

Deferred income and allowances on sales to distributors
 
—

 
34,637

 
34,637

Accumulated deficit
 
(476,783
)
 
(36,578
)
 
(513,361
)
Total liabilities and stockholders' equity
 
623,687

 
(3,097
)
 
620,590


Condensed Consolidated Statement of Cash Flows
 
 
Year ended December 29, 2018
 (In thousands)
 
As reported under new standard
 
Adjustments
 
Pro forma as if previous standard was in effect
Cash flows from operating activities:
 
 
 
 
 
 
Net loss
 
(26,322
)
 
(9,177
)
 
(35,499
)
Accounts receivable, net
 
(3,978
)
 
(8,408
)
 
(12,386
)
Inventories
 
13,177

 
(448
)
 
12,729

Prepaid expenses and other assets
 
(11,667
)
 
2,260

 
(9,407
)
Accounts payable and accrued expenses (includes restructuring)
 
13,325

 
(1,614
)
 
11,711

Deferred income and allowances on sales to distributors
 
—

 
17,387

 
17,387
Activity for Contract Assets
The following table summarizes the activity for our contract assets during fiscal 2018:
 (In thousands)
 
Balance as of December 31, 2017
$
7,515

Revenues recorded during the period
11,618

Transferred to accounts receivable or collected
(9,990
)
Balance as of December 29, 2018
$
9,143
Disaggregation of Revenue
The following tables provide information about revenue from contracts with customers disaggregated by major class of revenue and by geographical market, based on ship-to location of the end customer, where available, and ship-to location of distributor otherwise:
 
Major Class of Revenue
 
Year Ended *
 
 (In thousands)
 
December 29, 2018
 
December 30, 2017
 
December 31, 2016
 
Product revenue - Distributors
 
330,719

 
297,736

 
310,163

 
Product revenue - Direct
 
49,749

 
58,766

 
80,541

 
Licensing and services revenue
 
18,331

 
29,459

 
36,350

 
Total revenue
 
398,799

 
385,961

 
427,054

 
 
 
 
 
 
 
 
 
Revenue by Geographical Market
 
Year Ended *
 
 (In thousands)
 
December 29, 2018
 
December 30, 2017
 
December 31, 2016
 
Asia
 
298,119

 
277,638

 
305,093

 
Europe
 
45,546

 
44,547

 
59,835

 
Americas
 
55,134

 
63,776

 
62,126

 
Total revenue
 
398,799

 
385,961

 
427,054

 
 
 
 
 
 
 
 
*
As noted above, amounts in periods prior to fiscal 2018 have not been adjusted under the modified retrospective method of adopting ASC 606 and, therefore, are presented under GAAP in effect during that period.