Related Party Transactions (Tables)

3 Months Ended

Apr. 04, 2021

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 9. Equity Investments for related-party transactions with unconsolidated entities in which we have a direct equity investment.

	As of
(In thousands)	April 4, 2021		January 3, 2021
Accounts receivable	$	226	$	76

	Three Months Ended
(In thousands)	April 4, 2021		March 29, 2020
Revenue:
Solar power systems, components, and other	$	15,105	$	29,246
Cost of revenue:
Solar power systems, components, and other	12,361		27,849
Other income
Gain (loss) on early retirement of convertible debt	—		1,850
Interest expense:
Guarantee fees incurred under the Credit Support Agreement	—		13
Interest expense incurred on the 0.875% debentures due 2021	—		404
Interest expense incurred on the 4.00% debentures due 2023	1,000		1,000

Related-party transactions with SunStrong and SunStrong Partners are as follows:

	As of
(In thousands)	April 4, 2021		January 3, 2021
Accounts receivable	$	18,313	$	16,767
Other long-term assets	11,000		—
Accrued liabilities	216		7,996
Contract liabilities	22,844		27,426

	Three Months Ended
(In thousands)	April 4, 2021	March 29, 2020
Revenues and fees received from investees for products/services	49,647	55,935

The below table summarizes the Company’s transactions with Maxeon Solar for the three months ended April 4, 2021:

	Three Months Ended
(In thousands)	April 4, 2021
Purchases of photovoltaic modules (recorded in cost of revenue)	$	58,154
Research and development expenses reimbursement received	9,373
Income from transition services agreement, net	3,087

The Company had the following balances related to transactions with Maxeon Solar as of April 4, 2021:

(In thousands)	April 4, 2021
Prepaid and other current assets	$	3,838
Accrued liabilities	7,527
Accounts payable	29,611