Commitments and Contingencies (Tables)

6 Months Ended

Jul. 04, 2021

Commitments and Contingencies Disclosure [Abstract]

The table below presents the summarized quantitative information with regard to lease contracts we have entered into:


	Three Months Ended						Six Months Ended
(In thousands)	July 4, 2021			June 28, 2020			July 4, 2021			June 28, 2020
Operating leases:
Operating lease expense	$	3,701		$	3,516		$	7,415		$	6,934
Sublease income	(105)			(20)			(211)			(55)
Rent expense	$	3,596		$	3,496		$	7,204		$	6,879



Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	4,437		$	3,888		$	8,600		$	7,197


Right-of-use assets obtained in exchange for leases	$	—		$	963		$	11,528		$	13,424
Weighted-average remaining lease term (in years) - operating leases	6.3			6.7			6.3			6.7

Weighted-average discount rate - operating leases	8.8		%	9		%	8.8		%	9		%

Schedule of Future Minimum Rental Payments for Operating Leases

The future minimum lease payments to be paid under non-cancellable leases in effect as of July 4, 2021, are as follows (in thousands):


As of July 4, 2021	Operating Leases
2021 (remaining six months)	$	8,800
2022	14,722
2023	11,899
2024	8,029
2025	4,353
Thereafter	15,473
Total lease payments	63,276
Less: imputed interest	(15,077)
Total	$	48,199

Future Purchase Obligations

Future purchase obligations under non-cancellable purchase orders and long-term supply agreements as of July 4, 2021 are as follows:


(In thousands)	Fiscal 2021 (remaining six months)		Fiscal 2022		Fiscal 2023		Fiscal 2024		Fiscal 2025		Thereafter		Total1
Future purchase obligations	$	149,830	$	125,170	$	33,148	$	1,710	$	775	$	5,307	$	315,940

1 Total future purchase obligations consisted of $26.7 million related to non-cancellable purchase orders and $289.2 million related to long-term supply agreements.

Schedule of Product Warranty Liability

The following table summarizes accrued warranty activities for the three and six months ended July 4, 2021 and June 28, 2020:


	Three Months Ended				Six Months Ended
(In thousands)	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Balance at the beginning of the period	$	72,271	$	99,552	$	81,877	$	101,380
Accruals for warranties issued during the period	2,378		1,148		11,862		7,674
Settlements and adjustments during the period	(7,864)		(8,301)		(26,954)		(16,655)
Balance at the end of the period	$	66,785	$	92,399	$	66,785	$	92,399