Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 28, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide disaggregation of revenue from contracts with customers by major class of revenue, revenue by channel, 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 28, 2019			December 29, 2018			December 30, 2017
	Product	$	382,548	95%	$	380,468	95%	$	356,502	92%
	Licensing and services	21,545		5%	18,331		5%	29,459		8%
	Total revenue	$	404,093	100%	$	398,799	100%	$	385,961	100%
	Revenue by Channel	Year Ended *
	(In thousands)	December 28, 2019			December 29, 2018			December 30, 2017
	Product revenue - Distributors	$	331,941	82%	$	330,719	83%	$	297,736	77%
	Product revenue - Direct	50,607		13%	49,749		12%	58,766		15%
	Licensing and services revenue	21,545		5%	18,331		5%	29,459		8%
	Total revenue	$	404,093	100%	$	398,799	100%	$	385,961	100%
	Revenue by Geographical Market	Year Ended *
	(In thousands)	December 28, 2019			December 29, 2018			December 30, 2017
	Asia	$	298,765	74%	$	298,119	75%	$	277,638	72%
	Europe	47,392		12%	45,546		11%	44,547		12%
	Americas	57,936		14%	55,134		14%	63,776		16%
	Total revenue	$	404,093	100%	$	398,799	100%	$	385,961	100%
*	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.

Contracts with Customers

Contract assets are recorded in Prepaid expenses and other current assets in our Consolidated Balance Sheets. The following table summarizes activity during the periods presented:

(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		)
Contract assets as of December 29, 2018	9,143
Revenues recorded during the period	17,356
Transferred to Accounts receivable or collected	(20,930		)
Contract assets as of December 28, 2019	$	5,569

Contract liabilities are included in Accounts payable and accrued expenses on our Consolidated Balance Sheets. The following table summarizes activity during the periods presented:

(In thousands)
Contract liabilities as of December 31, 2017	$	—
Accruals for estimated future stock rotation and scrap returns	4,281
Less: Release of accruals for recognized stock rotation and scrap returns	(2,667		)
Contract liabilities as of December 29, 2018	1,614
Accruals for estimated future stock rotation and scrap returns	5,763
Less: Release of accruals for recognized stock rotation and scrap returns	(5,064		)
Contract liabilities as of December 28, 2019	$	2,313

Schedule of New Accounting Pronouncements

The effect of adoption on each financial statement line item is detailed in the tables below:

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