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Solar Services
3 Months Ended
Apr. 04, 2021
Leases [Abstract]  
Solar Services SOLAR SERVICESUpon adoption of ASC 842 on December 31, 2018, all arrangements under our residential lease program entered into on or after December 31, 2018 are accounted for as contracts with customers in accordance with ASC 606. The disclosure below relates to the residential lease arrangements entered into before December 31, 2018, which we continue to retain and are accounted for in accordance with the superseded lease accounting guidance.
Operating Leases

The following table summarizes "Solar power systems leased and to be leased, net" under operating leases on our condensed consolidated balance sheets as of April 4, 2021 and January 3, 2021:
As of
(In thousands)April 4, 2021January 3, 2021
Solar power systems leased, net1:
Solar power systems leased115,206 $115,620 
Less: accumulated depreciation and impairment(66,875)(65,219)
Solar power systems leased, net$48,331 $50,401 
1 Solar power systems leased, net, are physically located exclusively in the United States.

The following table presents our minimum future rental receipts on operating leases placed in service as of April 4, 2021:
(In thousands)Fiscal 2021
(remaining nine months)
Fiscal 2022Fiscal 2023Fiscal 2024Fiscal 2025ThereafterTotal
Minimum future rentals on operating leases placed in service1
$43 $52 $52 $52 $53 $701 $953 
1 Does not include contingent rentals that may be received from customers under agreements that include performance-based incentives.