Related Party Transactions (Tables)

9 Months Ended

Oct. 03, 2021

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

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

	As of
(In thousands)	October 3, 2021		January 3, 2021
Accounts receivable	$	289	$	76

	Three Months Ended				Nine Months Ended
(In thousands)	October 3, 2021		September 27, 2020		October 3, 2021		September 27, 2020
Revenue:
Solar power systems, components, and other	$	11,275	$	34,465	$	48,652	$	98,244
Cost of revenue:
Solar power systems, components, and other	11,945		26,177		43,762		70,501
Other income:
Gain on early retirement of convertible debt	—		104		—		1,954
Interest expense:
Guarantee fees incurred under the Credit Support Agreement	—		—		—		13
Interest expense incurred on the 0.875% debentures due 2021	—		384		—		1,216
Interest expense incurred on the 4.00% debentures due 2023	1,000		1,000		3,000		3,000

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

	As of
(In thousands)	October 3, 2021		January 3, 2021
Accounts receivable	$	31,302	$	16,767
Accrued liabilities	—		7,996
Contract liabilities	29,033		27,426

	Three Months Ended				Nine Months Ended
(In thousands)	October 3, 2021		September 27, 2020		October 3, 2021		September 27, 2020
Revenues and fees received from investees for products/services	$	60,073	$	47,378	$	160,195	$	146,570
(Gain) loss on business divestitures, net1	—		—		(224)		—

1 The gain relates to the net impact of the sales of businesses to SunStrong during the second quarter of fiscal 2021. 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 nine months ended October 3, 2021:

	Three Months Ended		Nine Months Ended
(In thousands)	October 3, 2021		October 3, 2021
Purchases of photovoltaic modules (recorded in cost of revenues)	$	61,967	$	167,313
Research and development expenses reimbursement received	$	7,736	$	25,759
Income from transition services agreement, net	$	468	$	5,211

The Company had the following balances related to transactions with Maxeon Solar as of October 3, 2021:

	As of
(In thousands)	October 3, 2021
Prepaid and other current assets	$	2,265
Accrued liabilities	$	7,838
Accounts payable	$	29,906
Other long-term liabilities	$	1,458