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Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity (Deficit)
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Noncontrolling Interests in Subsidiaries
Stockholders' equity, beginning of period (in shares) at Dec. 29, 2019     168,121,000          
Stockholders' equity, beginning of period at Dec. 29, 2019 $ 21,499 $ 10,163 $ 168 $ 2,661,819 $ (192,633) $ (9,512) $ (2,449,679) $ 11,336
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (2,138) (1,431)         (1,431) (707)
Other comprehensive income (loss) 723 723       723    
Issuance of restricted stock to employees, net of cancellations (in shares)     2,452,000          
Issuance of restricted stock to employees, net of cancellations 3 3 $ 3          
Stock-based compensation expense 6,885 6,885   6,885        
Purchases of treasury stock (in shares)     (818,000)          
Purchases of treasury stock (6,911) (6,911) $ (1)   (6,910)      
Stockholders' equity, end of period (in shares) at Mar. 29, 2020     169,755,000          
Stockholders' equity, end of period at Mar. 29, 2020 20,061 9,432 $ 170 2,668,704 (199,543) (8,789) (2,451,110) 10,629
Stockholders' equity, beginning of period (in shares) at Dec. 29, 2019     168,121,000          
Stockholders' equity, beginning of period at Dec. 29, 2019 21,499 10,163 $ 168 2,661,819 (192,633) (9,512) (2,449,679) 11,336
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Other comprehensive income (loss) 175              
Stockholders' equity, end of period (in shares) at Sep. 27, 2020     170,139,000          
Stockholders' equity, end of period at Sep. 27, 2020 (7,066) (10,299) $ 170 2,679,960 (201,090) 8,070 (2,497,409) 3,233
Stockholders' equity, beginning of period (in shares) at Mar. 29, 2020     169,755,000          
Stockholders' equity, beginning of period at Mar. 29, 2020 20,061 9,432 $ 170 2,668,704 (199,543) (8,789) (2,451,110) 10,629
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 18,398 19,378         19,378 (980)
Other comprehensive income (loss) (1,576) (1,576)       (1,576)    
Issuance of restricted stock to employees, net of cancellations (in shares)     533,000          
Stock-based compensation expense 5,675 5,675   5,675        
Purchases of treasury stock (in shares)     (229,000)          
Purchases of treasury stock (1,253) (1,253)     (1,253)      
Stockholders' equity, end of period (in shares) at Jun. 28, 2020     170,059,000          
Stockholders' equity, end of period at Jun. 28, 2020 41,305 31,656 $ 170 2,674,379 (200,796) (10,365) (2,431,732) 9,649
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 45,114 44,626         44,626 488
Other comprehensive income (loss) 1,028 1,028       1,028    
Distributions to non-controlling interest (302)             (302)
Issuance of restricted stock to employees, net of cancellations (in shares)     111,000          
Stock-based compensation expense 5,581 5,581   5,581        
Purchases of treasury stock (in shares)     (31,000)          
Purchases of treasury stock (294) (294)     (294)      
Issuance of Maxeon Solar green convertible notes 53,040 53,040   53,040        
Contributions to non-controlling interest 22             22
Impact of Maxeon Solar Spin-Off (152,560) (145,936)   (53,040)   17,407 (110,303) (6,624)
Stockholders' equity, end of period (in shares) at Sep. 27, 2020     170,139,000          
Stockholders' equity, end of period at Sep. 27, 2020 $ (7,066) (10,299) $ 170 2,679,960 (201,090) 8,070 (2,497,409) 3,233
Stockholders' equity, beginning of period (in shares) at Jan. 03, 2021 170,428,000   170,428,000          
Stockholders' equity, beginning of period at Jan. 03, 2021 $ 406,486 404,167 $ 170 2,685,920 (205,476) 8,799 (2,085,246) 2,319
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (49,498) (48,385)         (48,385) (1,113)
Other comprehensive income (loss) 98 98       98    
Issuance of restricted stock to employees, net of cancellations (in shares)     1,908,000          
Issuance of restricted stock to employees, net of cancellations 2 2 $ 2          
Stock-based compensation expense [1] 5,437 5,437   5,437        
Bond/debentures conversion (in shares)     4,000          
Bond/debentures conversion 155 155   155        
Purchases of treasury stock (in shares)     (76,000)          
Purchases of treasury stock (2,120) (2,120)     (2,120)      
Other adjustments 303 303   (89)     392  
Stockholders' equity, end of period (in shares) at Apr. 04, 2021     172,264,000          
Stockholders' equity, end of period at Apr. 04, 2021 $ 360,863 359,657 $ 172 2,691,423 (207,596) 8,897 (2,133,239) 1,206
Stockholders' equity, beginning of period (in shares) at Jan. 03, 2021 170,428,000   170,428,000          
Stockholders' equity, beginning of period at Jan. 03, 2021 $ 406,486 404,167 $ 170 2,685,920 (205,476) 8,799 (2,085,246) 2,319
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Other comprehensive income (loss) $ 576              
Stockholders' equity, end of period (in shares) at Oct. 03, 2021 172,915,000   172,915,000          
Stockholders' equity, end of period at Oct. 03, 2021 $ 367,005 366,168 $ 172 2,711,769 (212,740) 9,375 (2,142,408) 837
Stockholders' equity, beginning of period (in shares) at Apr. 04, 2021     172,264,000          
Stockholders' equity, beginning of period at Apr. 04, 2021 360,863 359,657 $ 172 2,691,423 (207,596) 8,897 (2,133,239) 1,206
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 74,769 75,207         75,207 (438)
Other comprehensive income (loss) 492 492       492    
Issuance of restricted stock to employees, net of cancellations (in shares)     664,000          
Issuance of common stock to executive (in shares) [2]     101,000          
Issuance of common stock to executive [2] 2,999 2,999   2,999        
Stock-based compensation expense [1] 9,225 9,225   9,225        
Purchases of treasury stock (in shares)     (187,000)          
Purchases of treasury stock (4,310) (4,310)     (4,310)      
Other adjustments (25) (25)     (25)      
Stockholders' equity, end of period (in shares) at Jul. 04, 2021     172,842,000          
Stockholders' equity, end of period at Jul. 04, 2021 444,013 443,245 $ 172 2,703,647 (211,931) 9,389 (2,058,032) 768
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (84,307) (84,376)         (84,376) 69
Other comprehensive income (loss) (14) (14)       (14)    
Issuance of restricted stock to employees, net of cancellations (in shares)     107,000          
Issuance of restricted stock to employees, net of cancellations 0              
Stock-based compensation expense 4,725 [1] 4,725   4,725        
Purchases of treasury stock (in shares)     (34,000)          
Purchases of treasury stock (809) (809)     (809)      
Income taxes3 [3] $ 3,397 3,397   3,397        
Stockholders' equity, end of period (in shares) at Oct. 03, 2021 172,915,000   172,915,000          
Stockholders' equity, end of period at Oct. 03, 2021 $ 367,005 $ 366,168 $ 172 $ 2,711,769 $ (212,740) $ 9,375 $ (2,142,408) $ 837
[1] Stock-based compensation expense includes a recharge to Maxeon Solar of $0.4 million for the nine months ended October 3, 2021, under the collaboration agreement (see Note 11. Related-Party Transactions). There was no recharge to Maxeon Solar in the three months ended October 3, 2021.
[2] Refer to Note 11. Related-Party Transactions for details.
[3] Relates to a reduction of income tax liability resulting from utilization of carryover R&D credits on book to tax difference on interest on convertible debt.