Balance Sheet Components (Tables)

9 Months Ended

Sep. 27, 2020

Balance Sheet Related Disclosures [Abstract]

Schedule of Accounts Receivable

	As of
(In thousands)	September 27, 2020		December 29, 2019
Accounts receivable, gross1	$	112,025	$	145,392
Less: allowance for credit losses	(16,986)		(17,208)
Less: allowance for sales returns	(283)		(306)
Accounts receivable, net	$	94,756	$	127,878

1 There is a lien on our accounts receivable of $58.1 million of our consolidated accounts receivable, gross, as of September 27, 2020 in connection with a Loan and Security Agreement entered into on March 29, 2019. See Note 12. Debt and Credit Sources.

Accounts Receivable, Allowance for Credit Loss

	Three Months Ended				Nine Months Ended
(In thousands)	September 27, 2020		September 29, 2019		September 27, 2020		September 29, 2019
Balance at beginning of period	$	19,485	$	17,697	$	17,208	$	12,656
Provision for credit losses	(2,568)		(118)		998		1,361
Charge offs, net of recoveries	69		647		(1,220)		4,209
Balance at end of period	$	16,986	$	18,226	$	16,986	$	18,226

Schedule of Inventory

	As of
(In thousands)	September 27, 2020		December 29, 2019
Raw materials1	$	31,351	$	36,072
Work-in-process1	791		948
Finished goods and components	145,997		126,385
Inventories2 3	$	178,139	$	163,405

1 Pertains to inventory at our U.S. manufacturing facilities in Hillsboro, Oregon that was retained by the Company post-spin and other components including micro-inverters and installation materials.

2 A lien of $127.4 million exists on our gross inventory as of September 27, 2020 in connection with a Loan and Security Agreement entered into on March 29, 2019. See Note 12. Debt and Credit Sources.

3 Refer to long-term inventory for the safe harbor program under the caption "Other long-term assets."

Schedule of Prepaid Expenses and Other Current Assets

	As of
(In thousands)	September 27, 2020		December 29, 2019
Deferred project costs	$	21,812	$	29,202
VAT receivables, current portion	993		2,989
Deferred costs for solar power systems	23,401		29,631
Other receivables	33,148		17,185
Prepaid taxes	198		462
Other	16,695		7,286
Prepaid expenses and other current assets	$	96,247	$	86,755

Schedule of Property, Plant and Equipment

	As of
(In thousands)	September 27, 2020		December 29, 2019
Manufacturing equipment	$	17,192	$	17,080
Leasehold improvements	29,385		22,237
Solar power systems	30,895		29,192
Computer equipment	57,436		62,292
Furniture and fixtures	7,909		8,043
Construction-in-process	2,499		4,506
Property, plant and equipment, gross	145,316		143,350
Less: accumulated depreciation	(94,919)		(87,490)
Property, plant and equipment, net	50,397		55,860

Schedule of Property, Plant and Equipment by Geographic Region

	As of
(In thousands)	September 27, 2020		December 29, 2019
United States	$	49,474	$	54,923
Philippines	294		323
Other	629		614
Property, plant and equipment, net, by geography1	$	50,397	$	55,860

1 Based on the physical location of the assets.

Schedule of Other Long-Term Assets

	As of
(In thousands)	September 27, 2020		December 29, 2019
Equity investments with readily determinable fair value	$	331,293	$	173,908
Equity investments without readily determinable fair value	801		801
Equity investments with fair value option	9,924		17,500
Long-term inventory1	42,582		48,214
Other	38,597		37,382
Other long-term assets	$	423,197	$	277,805

1 Entire balance consists of finished goods under the safe harbor program. Refer to Note 11. Equity Investments for details.

Schedule of Accrued Liabilities

	As of
(In thousands)	September 27, 2020		December 29, 2019
Employee compensation and employee benefits	$	15,865	$	28,354
Interest payable	7,713		10,161
Short-term warranty reserves	40,505		20,868
Restructuring reserve	3,806		6,085
Legal expenses	12,244		7,846
Taxes payable	25,314		18,365
Other	23,200		24,597
Accrued liabilities	$	128,647	$	116,276

Schedule of Other Long-Term Liabilities

	As of
(In thousands)	September 27, 2020		December 29, 2019
Deferred revenue1	$	37,458	$	40,246
Long-term warranty reserves	47,889		80,512
Unrecognized tax benefits	8,181		7,218
Long-term pension liability	4,440		2,894
Derivative financial instruments	633		373
Other	39,380		26,531
Other long-term liabilities	$	137,981	$	157,774

1 Consists of advance consideration received from customers under the residential lease program for leases entered into prior to December 31, 2018, which continue to be accounted for in accordance with the superseded lease accounting guidance.

Schedule of Accumulated Other Comprehensive Loss

	As of
(In thousands)	September 27, 2020		December 29, 2019
Cumulative translation adjustment	$	9,604	$	(12,250)
Net unrealized loss on derivative financial instruments	—		(1,238)
Net gain on long-term pension liability obligation	(1,529)		3,976
Deferred taxes	(5)		—
Accumulated other comprehensive gain (loss)	$	8,070	$	(9,512)