Segment and Geographical Information (Tables)

6 Months Ended

Jul. 04, 2021

Segment Reporting [Abstract]

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

The following tables present segment results for the three and six months ended July 4, 2021 for revenue, gross margin, and adjusted EBITDA, each as reviewed by the CODM, and their reconciliation to our unaudited condensed consolidated results under U.S. GAAP, as well as information about significant customers and revenue by geography based on the destination of the shipments, and property, plant and equipment, net by segment.

	Three Months Ended
	July 4, 2021						June 28, 2020
(In thousands):	Residential, Light Commercial		Commercial and Industrial Solutions		Others		Residential, Light Commercial		Commercial and Industrial Solutions		Others
Revenue from external customers:
Dev Co	$	247,260	$	44,769	$	5,374	$	154,126	$	47,006	$	(204)
Power Co	6,859		3,407		1,254		6,164		3,314		7,261
Intersegment revenue	—		—		—		—		—		5,643
Total segment revenue as reviewed by CODM	$	254,119	$	48,176	$	6,628	$	160,290	$	50,320	$	12,700
Segment gross profit as reviewed by CODM	$	57,210	$	703	$	5,280	$	26,217	$	10,708	$	(6,283)
Adjusted EBITDA	$	27,893	$	(5,568)	$	4,878	$	6,589	$	5,402	$	(7,177)

	Six Months Ended
	July 4, 2021						June 28, 2020
(In thousands):	Residential, Light Commercial		Commercial and Industrial Solutions		Others		Residential, Light Commercial		Commercial and Industrial Solutions		Others
Revenue from external customers:
Dev Co	$	478,682	$	102,890	$	6,340	$	380,756	$	93,754	$	266
Power Co	13,374		11,549		1,865		11,674		7,177		19,771
Intersegment revenue	—		—		(11)		—		—		25,522
Total segment revenue as reviewed by CODM	$	492,056	$	114,439	$	8,194	$	392,430	$	100,931	$	45,559
Segment gross profit as reviewed by CODM	$	110,131	$	4,914	$	5,032	$	59,722	$	9,413	$	(15,738)
Adjusted EBITDA	$	52,946	$	(4,992)	$	4,264	$	15,825	$	(2,472)	$	(16,086)

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Reconciliation of Segment Revenue to Unaudited Condensed Consolidated GAAP Revenue	Three Months Ended				Six Months Ended
(In thousands):	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Total segment revenue as reviewed by CODM	$	308,923	$	223,310	$	614,689	$	538,920
Adjustments to segment revenue:
Intersegment elimination	—		(5,643)		11		(25,522)
Legacy utility and power plant projects	—		—		—		207
Construction revenue on solar services contracts	—		—		—		(5,392)
Results of operations of legacy business to be exited	4		—		625		—
Unaudited Condensed consolidated GAAP revenue	$	308,927	$	217,667	$	615,325	$	508,213

Reconciliation of Segment Gross Profit to Unaudited Condensed Consolidated GAAP Gross Profit	Three Months Ended				Six Months Ended
(In thousands):	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Segment gross profit	$	63,193	$	30,642	$	120,077	$	53,397
Adjustments to segment gross profit:
Intersegment elimination	419		(3,193)		868		9,851
Legacy utility and power plant projects	—		—		—		34
Legacy sale-leaseback transactions	—		—		—		(20)
Gain on sale and impairment of residential lease assets	519		458		1,013		906
Construction revenue on solar services contracts	—		—		—		(4,734)
Stock-based compensation expense	(1,069)		(471)		(1,956)		(1,030)
Amortization of intangible assets	—		(1,784)		—		(3,568)
Results of operations of legacy business to be exited	(2,031)		—		(9,097)		—
Unaudited Condensed consolidated GAAP gross profit	$	61,031	$	25,652	$	110,905	$	54,836

Reconciliation of Segments EBITDA to Loss before income taxes and equity in losses of unconsolidated investees	Three Months Ended				Six Months Ended
(In thousands):	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Segment adjusted EBITDA	$	27,203	$	4,814	$	52,218	$	(2,733)
Adjustments to segment adjusted EBITDA:
Legacy utility and power plant projects	—		—		—		34
Legacy sale-leaseback transactions	—		—		—		(20)
Mark-to-market gain on equity investments	83,746		71,060		39,016		118,931
Gain on sale and impairment of residential lease assets	587		317		5,970		1,039
Construction revenue on solar services contracts	—		—		—		(4,734)
Stock-based compensation expense	(10,037)		(3,955)		(15,050)		(8,933)
Amortization of intangible assets	—		(1,784)		—		(3,570)
Gain on business divestitures, net	224		10,529		224		10,529
Transaction-related costs	(225)		(1,382)		(355)		(1,862)
Executive transition costs	(502)		—		(502)		—
Business reorganization costs	(904)		—		(1,858)		—
Restructuring charges	(808)		(1,259)		(4,574)		(2,835)
Results of operations of legacy business to be exited	(2,031)		—		(9,097)		—
Litigation	(3,493)		—		(8,703)		(485)
Gain on convertible debt repurchased	—		—		—		2,956
Net loss attributable to noncontrolling interests	(438)		(1,363)		(1,551)		(2,742)
Cash interest expense, net of interest income	(7,607)		(8,317)		(15,521)		(17,184)
Depreciation and amortization	(3,486)		(3,933)		(6,828)		(7,433)
Corporate	(5,035)		(9,094)		(10,917)		(4,279)
Income before income taxes and equity in loss of unconsolidated investees	$	77,194	$	55,633	$	22,472	$	76,679