Related Party Transactions (Tables)

9 Months Ended

Sep. 27, 2020

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The following related-party balances and amounts are associated with transactions entered into with Total and its Affiliates. Refer to Note 11. Equity Investments for related-party transactions with unconsolidated entities in which we have a direct equity investment.

	As of
(In thousands)	September 27, 2020		December 29, 2019
Accounts receivable	$	267	$	3,973

1 Refer to Note 10. Commitments and Contingencies - Advances from Customers.

	Three Months Ended				Nine Months Ended
(In thousands)	September 27, 2020		September 29, 2019		September 27, 2020		September 29, 2019
Revenue:
Solar power systems, components, and other	$	34,465	$	112	$	98,244	$	112
Cost of revenue:
Solar power systems, components, and other	26,177		84		70,501		84
Other income
Gain on early retirement of convertible debt	104		—		1,954		—
Interest expense:
Guarantee fees incurred under the Credit Support Agreement	—		93		13		244
Interest expense incurred on the 0.875% debentures due 2021	384		547		1,216		1,641
Interest expense incurred on the 4.00% debentures due 2023	1,000		1,000		3,000		3,000

Related-party transactions with investees are as follows:

	As of
(In thousands)	September 27, 2020		December 29, 2019
Accounts receivable	$	14,284	$	23,900
Accrued liabilities	—		7,540
Contract liabilities	$	27,938	$	29,599

	Three Months Ended		Nine Months Ended
(In thousands)	September 27, 2020	September 29, 2019	September 27, 2020	September 29, 2019
Revenues and fees received from investees for products/services	47,378	38,963	146,570	60,369

The below table summarizes the Company’s transactions with Maxeon Solar for the three and nine months ended September 27, 2020:

	Three Months Ended		Nine Months Ended
(In thousands)	September 27, 2020		September 27, 2020
Purchases of photovoltaic modules (recorded in cost of revenue)	$	18,895	$	18,895
Research and development expenses reimbursement	$	3,638	$	3,638
Income from transition services agreement, net	$	1,889	$	1,889

The Company had the following balances related to transactions with Maxeon Solar as of September 27, 2020:

(In thousands)	September 27, 2020
Prepaid and other current assets	$	16,017
Accrued liabilities	$	2,373
Accounts payable	$	18,895