Related Party Transactions (Tables)

6 Months Ended

Jul. 04, 2021

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The following balances and transactions are associated with transactions entered into with Total and its affiliates.

	As of
(In thousands)	July 4, 2021		January 3, 2021
Accounts receivable	$	277	$	76

	Three Months Ended				Six Months Ended
(In thousands)	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Revenue:
Solar power systems, components, and other	$	22,272	$	34,533	$	37,377	$	63,779
Cost of revenue:
Solar power systems, components, and other	19,456		16,475		31,817		44,324
Other income:
Gain 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	—		428		—		832
Interest expense incurred on the 4.00% debentures due 2023	1,000		1,000		2,000		2,000

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

	As of
(In thousands)	July 4, 2021		January 3, 2021
Accounts receivable	$	18,107	$	16,767
Other long-term assets	11,000		—
Accrued liabilities	216		7,996
Contract liabilities	28,401		27,426

	Three Months Ended				Six Months Ended
(In thousands)	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Revenues and fees received from investees for products/services	$	50,475	$	43,257	$	100,122	$	99,192
Gain on business divestitures, net1	(224)		—		(224)		—

1 The gain relates to the net impact of the sales to SunStrong during the quarter. Refer to Note 5. Business Divestitures for additional details on the sales.

The below table summarizes our transactions with Maxeon Solar for the three and six months ended July 4, 2021:

	Three Months Ended		Six Months Ended
(In thousands)	July 4, 2021		July 4, 2021
Purchases of photovoltaic modules (recorded in cost of revenue)	$	47,192	$	105,346
Research and development expenses reimbursement received	$	8,650	$	18,023
Income from transition services agreement, net	$	1,656	$	4,743

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

	As of
(In thousands)	July 4, 2021
Prepaid and other current assets	$	1,996
Accrued liabilities	$	9,354
Accounts payable	$	23,562