Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 29, 2013 | Jan. 31, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'SANDISK CORP | ' | ' |
Entity Central Index Key | '0001000180 | ' | ' |
Current Fiscal Year End Date | '--12-29 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 29-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'Q4 | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 225,507,475 | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $13,689,486,833 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
Current assets: | ' | ' |
Cash and cash equivalents | $986,246,000 | $995,470,000 |
Short-term marketable securities | 1,919,611,000 | 1,880,034,000 |
Accounts receivable, net | 682,809,000 | 626,025,000 |
Inventory | 756,975,000 | 750,075,000 |
Deferred taxes | 138,192,000 | 93,877,000 |
Other current assets | 166,885,000 | 260,879,000 |
Total current assets | 4,650,718,000 | 4,606,360,000 |
Long-term marketable securities | 3,179,471,000 | 2,835,931,000 |
Property and equipment, net | 655,794,000 | 665,542,000 |
Notes receivable and investments in Flash Ventures | 1,134,620,000 | 1,460,112,000 |
Deferred taxes | 134,669,000 | 168,718,000 |
Goodwill | 318,111,000 | 201,735,000 |
Intangible assets, net | 247,904,000 | 246,919,000 |
Other non-current assets | 167,430,000 | 153,810,000 |
Total assets | 10,488,717,000 | 10,339,127,000 |
Current liabilities: | ' | ' |
Accounts payable trade | 282,582,000 | 254,459,000 |
Accounts payable to related parties | 146,964,000 | 214,806,000 |
Convertible short-term debt | 0 | 906,708,000 |
Other current accrued liabilities | 509,732,000 | 257,539,000 |
Deferred income on shipments to distributors and retailers and deferred revenue | 291,302,000 | 248,155,000 |
Total current liabilities | 1,230,580,000 | 1,881,667,000 |
Convertible long-term debt | 1,985,363,000 | 789,913,000 |
Non-current liabilities | 307,083,000 | 407,947,000 |
Total liabilities | 3,523,026,000 | 3,079,527,000 |
Commitments and contingencies (see Note 12) | ' | ' |
Stockholders’ equity: | ' | ' |
Preferred stock | 0 | 0 |
Common stock | 225,000 | 241,000 |
Capital in excess of par value | 5,040,017,000 | 5,027,271,000 |
Retained earnings | 2,004,089,000 | 2,071,268,000 |
Accumulated other comprehensive income (loss) | -76,459,000 | 165,121,000 |
Total stockholders’ equity | 6,967,872,000 | 7,263,901,000 |
Non-controlling interests | -2,181,000 | -4,301,000 |
Total equity | 6,965,691,000 | 7,259,600,000 |
Total liabilities and equity | $10,488,717,000 | $10,339,127,000 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets Parentheticals (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
Common Stock [Member] | ' | ' |
Class of Stock | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 800,000,000 | 800,000,000 |
Common stock, shares issued | 225,290,940 | 241,432,252 |
Common stock, shares outstanding | 225,290,940 | 241,432,252 |
Preferred Stock [Member] | ' | ' |
Class of Stock | ' | ' |
Preferred stock, par value | $0.00 | $0.00 |
Preferred stock, shares authorized | 4,000,000 | 4,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Revenue | $6,170,003,000 | $5,052,509,000 | $5,662,145,000 |
Cost of revenue | 3,252,988,000 | 3,326,747,000 | 3,183,257,000 |
Amortization of acquisition-related intangible assets | 49,532,000 | 42,542,000 | 39,742,000 |
Total cost of revenue | 3,302,520,000 | 3,369,289,000 | 3,222,999,000 |
Gross profit | 2,867,483,000 | 1,683,220,000 | 2,439,146,000 |
Operating expenses: | ' | ' | ' |
Research and development | 742,268,000 | 602,765,000 | 547,373,000 |
Sales and marketing | 276,312,000 | 224,054,000 | 199,422,000 |
General and administrative | 192,310,000 | 150,401,000 | 157,766,000 |
Amortization of acquisition-related intangible assets | 11,155,000 | 9,045,000 | 4,485,000 |
Impairment of acquisition-related intangible assets | 83,228,000 | 860,000 | 0 |
Total operating expenses | 1,305,273,000 | 987,125,000 | 909,046,000 |
Operating income | 1,562,210,000 | 696,095,000 | 1,530,100,000 |
Interest income | 48,785,000 | 58,991,000 | 60,412,000 |
Gain (loss) on investments | 3,219,000 | -7,762,000 | 21,540,000 |
Interest (expense) and other income (expense), net | -98,065,000 | -120,408,000 | -135,298,000 |
Total other income (expense), net | -46,061,000 | -69,179,000 | -53,346,000 |
Income before income taxes | 1,516,149,000 | 626,916,000 | 1,476,754,000 |
Provision for income taxes | 473,492,000 | 209,512,000 | 489,764,000 |
Net income | $1,042,657,000 | $417,404,000 | $986,990,000 |
Net income per share: | ' | ' | ' |
Basic | $4.44 | $1.72 | $4.12 |
Diluted | $4.34 | $1.70 | $4.04 |
Shares used in computing net income per share: | ' | ' | ' |
Basic | 234,886 | 242,076 | 239,484 |
Diluted | 240,236 | 245,253 | 244,553 |
Cash dividends declared per share | $0.45 | $0 | $0 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Net income | $1,042,657 | $417,404 | $986,990 |
Other comprehensive income (loss), before tax: | ' | ' | ' |
Unrealized holding gain (loss) on marketable securities | -6,448 | 11,160 | 31,235 |
Reclassification adjustment for realized gain on marketable securities included in net income | -2,375 | -2,969 | -34,549 |
Net unrealized holding gain (loss) on marketable securities | -8,823 | 8,191 | -3,314 |
Foreign currency translation adjustments | -240,835 | -169,190 | 79,848 |
Unrealized holding gain (loss) on derivatives qualifying as cash flow hedges | -74,834 | -38,197 | 30,200 |
Reclassification adjustment for realized (gain) loss on derivatives qualifying as cash flow hedges included in net income | 41,523 | 10,946 | -18,100 |
Net unrealized holding gain (loss) on derivatives qualifying as cash flow hedges | -33,311 | -27,251 | 12,100 |
Total other comprehensive income (loss), before tax | -282,969 | -188,250 | 88,634 |
Income tax expense (benefit) related to items of other comprehensive income (loss) | -41,389 | -20,670 | 16,161 |
Total other comprehensive income (loss), net of tax | -241,580 | -167,580 | 72,473 |
Comprehensive income | $801,077 | $249,824 | $1,059,463 |
Consolidated_Statement_of_Equi
Consolidated Statement of Equity (USD $) | 12 Months Ended | |||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Jan. 02, 2011 | |
Statement of Equity [Line Items] | ' | ' | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $6,965,691,000 | $7,259,600,000 | $7,060,839,000 | $5,779,395,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 1,042,657,000 | 417,404,000 | 986,990,000 | ' |
Other Comprehensive Income (Loss), Net of Tax | -241,580,000 | -167,580,000 | 72,473,000 | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | 2,207,000 | -782,000 | -290,000 | ' |
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | -87,000 | ' | ' | ' |
Stock Issued During Period, Value, New Issues | 241,324,000 | 63,316,000 | 122,397,000 | ' |
Stock Issued During Period, Value, Employee Stock Purchase Plan | 24,721,000 | 22,986,000 | 20,743,000 | ' |
Net cash received for share repurchase contracts | 0 | 2,675,000 | 0 | ' |
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition | 100,641,000 | 79,132,000 | 64,496,000 | ' |
Tax Effect From Share Based Plans | 583,000 | 11,691,000 | 20,517,000 | ' |
Dividends And Dividend Equivalents Declared On Common Stock And Restricted Stock Units | -102,896,000 | ' | ' | ' |
Stock Repurchased and Retired During Period, Value | -1,589,540,000 | -230,081,000 | -4,038,000 | ' |
Debt Instrument Convertible Carrying Amount Of Equity Component And Adjustment To Additional Paid In Capital Debt Issuance Costs | 349,250,000 | ' | ' | ' |
Adjustments to Additional Paid in Capital, Convertible Debt Issued (Redeemed) | ' | ' | -1,844,000 | ' |
Adjustments to Additional Paid in Capital, Convertible Bond Hedge Purchased (Sold), net | -338,989,000 | ' | ' | ' |
Adjustments to Additional Paid in Capital, Warrant Issued | 217,800,000 | ' | ' | ' |
Common Stock [Member] | ' | ' | ' | ' |
Statement of Equity [Line Items] | ' | ' | ' | ' |
Common Stock, Shares, Outstanding | 225,291,000 | 241,432,000 | 242,552,000 | 236,502,000 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 225,000 | 241,000 | 243,000 | 237,000 |
Stock Issued During Period, Shares, New Issues | 7,934,000 | 3,846,000 | 5,519,000 | ' |
Stock Issued During Period, Value, New Issues | 8,000 | 4,000 | 6,000 | ' |
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 624,000 | 685,000 | 613,000 | ' |
Stock Issued During Period, Value, Employee Stock Purchase Plan | 1,000 | 0 | 0 | ' |
Stock Repurchased and Retired During Period, Shares | -24,699,000 | -5,651,000 | -82,000 | ' |
Stock Repurchased and Retired During Period, Value | -25,000 | -6,000 | 0 | ' |
Additional Paid-in Capital [Member] | ' | ' | ' | ' |
Statement of Equity [Line Items] | ' | ' | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 5,040,017,000 | 5,027,271,000 | 4,934,565,000 | 4,709,506,000 |
Stock Issued During Period, Value, New Issues | 241,316,000 | 63,312,000 | 122,391,000 | ' |
Stock Issued During Period, Value, Employee Stock Purchase Plan | 24,720,000 | 22,986,000 | 20,743,000 | ' |
Net cash received for share repurchase contracts | ' | 2,675,000 | ' | ' |
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition | 100,641,000 | 79,132,000 | 64,496,000 | ' |
Tax Effect From Share Based Plans | 583,000 | 11,691,000 | 20,517,000 | ' |
Stock Repurchased and Retired During Period, Value | -582,575,000 | -87,090,000 | -1,244,000 | ' |
Debt Instrument Convertible Carrying Amount Of Equity Component And Adjustment To Additional Paid In Capital Debt Issuance Costs | 349,250,000 | ' | ' | ' |
Adjustments to Additional Paid in Capital, Convertible Debt Issued (Redeemed) | ' | ' | -1,844,000 | ' |
Adjustments to Additional Paid in Capital, Convertible Bond Hedge Purchased (Sold), net | -338,989,000 | ' | ' | ' |
Adjustments to Additional Paid in Capital, Warrant Issued | 217,800,000 | ' | ' | ' |
Retained Earnings [Member] | ' | ' | ' | ' |
Statement of Equity [Line Items] | ' | ' | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 2,004,089,000 | 2,071,268,000 | 1,796,849,000 | 812,653,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 1,042,657,000 | 417,404,000 | 986,990,000 | ' |
Dividends And Dividend Equivalents Declared On Common Stock And Restricted Stock Units | -102,896,000 | ' | ' | ' |
Stock Repurchased and Retired During Period, Value | -1,006,940,000 | -142,985,000 | -2,794,000 | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' |
Statement of Equity [Line Items] | ' | ' | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | -76,459,000 | 165,121,000 | 332,701,000 | 260,228,000 |
Other Comprehensive Income (Loss), Net of Tax | -241,580,000 | -167,580,000 | 72,473,000 | ' |
Stockholders' Equity, Total [Member] | ' | ' | ' | ' |
Statement of Equity [Line Items] | ' | ' | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 6,967,872,000 | 7,263,901,000 | 7,064,358,000 | 5,782,624,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 1,042,657,000 | 417,404,000 | 986,990,000 | ' |
Other Comprehensive Income (Loss), Net of Tax | -241,580,000 | -167,580,000 | 72,473,000 | ' |
Stock Issued During Period, Value, New Issues | 241,324,000 | 63,316,000 | 122,397,000 | ' |
Stock Issued During Period, Value, Employee Stock Purchase Plan | 24,721,000 | 22,986,000 | 20,743,000 | ' |
Net cash received for share repurchase contracts | ' | 2,675,000 | ' | ' |
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition | 100,641,000 | 79,132,000 | 64,496,000 | ' |
Tax Effect From Share Based Plans | 583,000 | 11,691,000 | 20,517,000 | ' |
Dividends And Dividend Equivalents Declared On Common Stock And Restricted Stock Units | -102,896,000 | ' | ' | ' |
Stock Repurchased and Retired During Period, Value | -1,589,540,000 | -230,081,000 | -4,038,000 | ' |
Debt Instrument Convertible Carrying Amount Of Equity Component And Adjustment To Additional Paid In Capital Debt Issuance Costs | 349,250,000 | ' | ' | ' |
Adjustments to Additional Paid in Capital, Convertible Debt Issued (Redeemed) | ' | ' | -1,844,000 | ' |
Adjustments to Additional Paid in Capital, Convertible Bond Hedge Purchased (Sold), net | -338,989,000 | ' | ' | ' |
Adjustments to Additional Paid in Capital, Warrant Issued | 217,800,000 | ' | ' | ' |
Noncontrolling Interest [Member] | ' | ' | ' | ' |
Statement of Equity [Line Items] | ' | ' | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | -2,181,000 | -4,301,000 | -3,519,000 | -3,229,000 |
Net Income (Loss) Attributable to Noncontrolling Interest | 2,207,000 | -782,000 | -290,000 | ' |
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | ($87,000) | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
Cash flows from operating activities: | ' | ' | ' |
Net income | $1,042,657,000 | $417,404,000 | $986,990,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Deferred taxes | 527,000 | 34,368,000 | -74,829,000 |
Depreciation | 226,334,000 | 161,949,000 | 114,984,000 |
Amortization | 237,731,000 | 254,352,000 | 236,976,000 |
Provision for doubtful accounts | 2,167,000 | 1,452,000 | -1,476,000 |
Share-based compensation expense | 99,756,000 | 78,443,000 | 63,110,000 |
Excess tax benefit from share-based plans | -27,198,000 | -16,015,000 | -24,895,000 |
Impairment and other | 75,561,000 | -17,350,000 | -49,438,000 |
Other non-operating | -792,000 | 9,424,000 | 11,614,000 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts receivable, net | -51,125,000 | -68,070,000 | -146,726,000 |
Inventory | 23,310,000 | -71,260,000 | -158,534,000 |
Other assets | 147,713,000 | -84,579,000 | -112,577,000 |
Accounts payable trade | 16,377,000 | -4,124,000 | 73,711,000 |
Accounts payable to related parties | -67,842,000 | -61,469,000 | 34,531,000 |
Other liabilities | 138,496,000 | -104,671,000 | 100,331,000 |
Total adjustments | 821,015,000 | 112,450,000 | 66,782,000 |
Net cash provided by operating activities | 1,863,672,000 | 529,854,000 | 1,053,772,000 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of short and long-term marketable securities | -4,925,520,000 | -3,178,660,000 | -3,473,915,000 |
Proceeds from sales of short and long-term marketable securities | 3,701,528,000 | 2,197,302,000 | 2,849,232,000 |
Proceeds from maturities of short and long-term marketable securities | 751,900,000 | 650,060,000 | 634,390,000 |
Acquisition of property and equipment, net | -213,415,000 | -487,973,000 | -192,876,000 |
Investment in Flash Ventures | -12,342,000 | -50,439,000 | -83,316,000 |
Notes receivable issuances to Flash Ventures | -37,099,000 | -142,316,000 | -399,281,000 |
Notes receivable proceeds from Flash Ventures | 124,765,000 | 511,289,000 | 416,388,000 |
Purchased technology and other assets | -8,377,000 | -4,000,000 | -100,000,000 |
Acquisitions, net of cash acquired | -304,320,000 | -69,629,000 | -317,649,000 |
Net cash used in investing activities | -922,880,000 | -574,366,000 | -667,027,000 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from issuance of convertible senior notes, net of issuance costs | 1,483,125,000 | 0 | 0 |
Proceeds from sale (purchase) of convertible bond hedge | -331,650,000 | 0 | 1,494,000 |
Proceeds from Issuance of Warrants | 217,800,000 | 0 | ' |
Payments for Repurchase of Warrants | ' | ' | -1,158,000 |
Repayment of debt financing | -928,061,000 | 0 | -211,441,000 |
Distribution to non-controlling interests | -87,000 | 0 | 0 |
Proceeds from employee stock programs | 266,044,000 | 86,302,000 | 143,140,000 |
Excess tax benefit from share-based plans | 27,198,000 | 16,015,000 | 24,895,000 |
Dividends paid | -101,191,000 | 0 | 0 |
Share repurchase program | -1,589,539,000 | -230,081,000 | -4,039,000 |
Net cash received for share repurchase contracts | 0 | 2,675,000 | 0 |
Net cash used in financing activities | -956,361,000 | -125,089,000 | -47,109,000 |
Effect of changes in foreign currency exchange rates on cash | 6,345,000 | -2,425,000 | -1,289,000 |
Net increase (decrease) in cash and cash equivalents | -9,224,000 | -172,026,000 | 338,347,000 |
Cash and cash equivalents at beginning of the year | 995,470,000 | 1,167,496,000 | 829,149,000 |
Cash and cash equivalents at end of the year | 986,246,000 | 995,470,000 | 1,167,496,000 |
Supplemental disclosure of cash flow information: | ' | ' | ' |
Cash paid for income taxes, net of refunds | -373,183,000 | -360,688,000 | -374,460,000 |
Cash paid for interest expense | ($20,403,000) | ($24,957,000) | ($26,479,000) |
Organization_and_Summary_of_Si
Organization and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 29, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Organization and Summary of Significant Accounting Policies | |
Organization and Nature of Operations. SanDisk Corporation (together with its subsidiaries, the “Company”) was incorporated in the State of Delaware on June 1, 1988. The Company designs, develops, markets and manufactures data storage solutions in a variety of form factors using its flash memory, controller and firmware technologies. The Company operates in one segment, flash memory storage products. | |
Basis of Presentation. The Company’s fiscal year ends on the Sunday closest to December 31. All fiscal years presented consisted of 52 weeks. Certain prior period amounts have been reclassified in the financial statements and footnotes to conform to the current period presentation, including line items within current assets and property and equipment in the Consolidated Balance Sheets and Note 4, “Balance Sheet Information,” as well as cash flows from operating activities in the Consolidated Statement of Cash Flows. Beginning in the first quarter of fiscal year 2013, the Company reports only total revenue, which includes product revenue and license and royalty revenue. For accounting and disclosure purposes, the exchange rate used to convert Japanese yen to the United States (“U.S.”) dollar for fiscal years ended December 29, 2013, December 30, 2012 and January 1, 2012 was 104.94, 85.99 and 77.17, respectively. Throughout the Notes to Consolidated Financial Statements, unless otherwise indicated, references to Net income refer to Net income attributable to common stockholders. | |
Principles of Consolidation. The Consolidated Financial Statements include the accounts of the Company and its majority-owned subsidiaries. All intercompany balances and transactions have been eliminated. Non-controlling interest represents the minority shareholders’ proportionate share of the net assets and results of operations of the Company’s majority-owned subsidiaries. The Consolidated Financial Statements also include the results of companies acquired by the Company from the date of each acquisition. | |
Use of Estimates. The preparation of Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. The estimates and judgments affect the reported amounts of assets, liabilities, revenue, expenses and related disclosure of contingent liabilities. On an ongoing basis, the Company evaluates its estimates, including those related to customer programs and incentives, intellectual property claims, product returns, allowance for doubtful accounts, inventories and inventory reserves, valuation and impairments of marketable securities and investments, valuation and impairments of goodwill and long-lived assets, income taxes, warranty obligations, restructurings, contingencies, share-based compensation and litigation. The Company bases its estimates on historical experience and on other assumptions that its management believes are reasonable under the circumstances. These estimates form the basis for making judgments about the carrying value of assets and liabilities when those values are not readily apparent from other sources. Actual results could materially differ from these estimates. | |
Revenue Recognition, Sales Returns and Allowances and Sales Incentive Programs. The Company recognizes revenue when the earnings process is complete, as evidenced by an agreement with the customer, transfer of title and acceptance, if applicable, pricing is fixed or determinable and collectability is reasonably assured. Revenue is generally recognized at the time of shipment or transfer of title for customers not eligible for price protection and/or a right of return. Sales made to distributors and retailers are generally under agreements allowing price protection and/or a right of return and, therefore, the revenue and related costs of these transactions are deferred until the retailers or distributors sell-through the merchandise to their end customer or their rights of return expire. Estimated sales returns are recorded as a reduction to revenue and deferred revenue and were not material for any period presented in the accompanying Consolidated Financial Statements. The cost of shipping products to customers is included in cost of revenue. The Company recognizes expenses related to sales commissions in the period in which the commissions are earned. | |
For multiple element arrangements and revenue arrangements that include software elements, the Company allocates revenue to each element based on its relative selling price in accordance with the Company’s normal pricing and discounting practices for the specific product or maintenance when sold separately for all multiple element products. In addition, the Company analyzes whether tangible products containing software and non-software components that function together should be excluded from industry-specific software revenue recognition guidance. Multiple element arrangements and arrangements that include software have been immaterial to the Company’s revenue and operating results. | |
Revenue from patent licensing arrangements is recognized when earned, estimable and realizable. The timing of revenue recognition is dependent on the terms of each license agreement and on the timing of sales of licensed products. The Company generally recognizes royalty revenue when it is reported to the Company by its licensees, which is generally one quarter in arrears from the licensees’ sales of licensed products. For licensing fees that are not determined by the number of licensed units sold, the Company recognizes license fee revenue on a straight-line basis over the life of the license. | |
The Company records estimated reductions of revenue for customer and distributor incentive programs and offerings, including price protection, promotions, co-op advertising and other volume-based incentives and expected returns. All sales incentive programs are recorded as an offset to revenue or deferred revenue. Marketing development programs are recorded as a reduction to revenue. | |
Accounts Receivable and Allowance for Doubtful Accounts. Accounts receivable include amounts owed by geographically dispersed distributors, retailers and original equipment manufacturer (“OEM”) customers. No collateral is required. Provisions are provided for sales returns and credit losses. | |
The Company estimates the collectability of its accounts receivable based on a combination of factors, including but not limited to, customer credit ratings and historical experience. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations to the Company (e.g., bankruptcy filings or substantial downgrading of credit ratings), the Company provides allowances for bad debts against amounts due to reduce the net recognized receivable to the amount it reasonably believes will be collected. | |
Income Taxes. The Company accounts for income taxes using an asset and liability approach, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s Consolidated Financial Statements, but have not been reflected in the Company’s taxable income. The Company must evaluate the expected realization of its deferred tax assets and determine whether a valuation allowance needs to be established or released. In determining the need for and amount of a valuation allowance, the Company assesses the likelihood that it will be able to recover its deferred tax assets using historical levels of income, estimates of future income and tax planning strategies. A valuation allowance is established to the extent that the Company does not believe it is “more likely than not” that it will generate sufficient taxable income in future periods to realize the benefit of its deferred tax assets. | |
The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. The Company recognizes the tax benefit from an uncertain tax position only if it is “more likely than not” the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. | |
Foreign Currency. The Company determines the functional currency for its parent company and each of its subsidiaries by reviewing the currencies in which their respective operating activities occur. Transaction gains and losses arising from activities in other than the applicable functional currency are calculated using average exchange rates for the applicable period and reported in net income as a non-operating item in each period. Non-monetary balance sheet items denominated in a currency other than the applicable functional currency are translated using the historical rate. The Company continuously evaluates its foreign currency exposures and may continue to enter into hedges or other risk mitigating arrangements in the future. Aggregate gross foreign currency transaction gain (loss) prior to consideration of the offsetting hedges recorded to income before taxes was ($3.3) million, ($2.8) million and $18.8 million in fiscal years 2013, 2012 and 2011, respectively. | |
Cash Equivalents, Short and Long-Term Marketable Securities. Cash equivalents consist of short-term, highly liquid financial instruments with insignificant interest rate risk that are readily convertible to cash and have maturities of three months or less from the date of purchase. Marketable securities with original maturities greater than three months from purchase date and remaining maturities less than one year are classified as short-term marketable securities. Marketable securities with remaining maturities greater than one year as of the balance sheet date are classified as long-term marketable securities. Short and long-term fixed income investments consist of U.S. Treasury securities, U.S. government-sponsored agency securities, international government securities, corporate notes and bonds, municipal notes and bonds, asset-backed securities and mortgage-backed securities. The fair market value of cash equivalents at December 29, 2013 approximated their carrying value. Cost of securities sold is based on specific identification. | |
In determining if and when a decline in market value below cost of these investments is other-than-temporary, the Company evaluates both quantitative and qualitative information including the market conditions, offering prices, trends of earnings, price multiples and other key measures. For fixed income securities, only the decline attributable to deteriorating credit of an other-than-temporary impairment is taken to the Consolidated Statement of Operations, unless the Company intends, or “more likely than not” will be required, to sell the security. | |
Property and Equipment. Property and equipment are carried at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, ranging from two to twenty-five years, or the remaining lease term, whichever is shorter. | |
Variable Interest Entities. The Company evaluates its equity method investments to determine whether any investee is a variable interest entity (“VIE”). If the Company concludes that an investee is a VIE, the Company evaluates its power to direct the activities of the investee, its obligation to absorb the expected losses of the investee and its right to receive the expected residual returns of the investee to determine whether the Company is the primary beneficiary of the investee. If the Company is the primary beneficiary of a VIE, the Company consolidates such entity and reflects the non-controlling interest of other beneficiaries of that entity. If the Company concludes that an investee is not a VIE, the Company does not consolidate the investee. | |
Equity Investments. The Company accounts for investments in equity securities of other entities, including VIEs that are not consolidated, under the cost method of accounting if investments in voting equity interests of the investee are less than 20%. The equity method of accounting is used if the Company’s investment in voting stock is greater than or equal to 20% but less than a majority. In considering the accounting method for investments less than 20%, the Company also considers other factors such as its ability to exercise significant influence over operating and financial policies of the investee. If certain factors are present, the Company could account for investments for which it has less than a 20% ownership under the equity method of accounting. | |
Investments in public companies with restrictions of less than one year are classified as available-for-sale and are adjusted to their fair market value with unrealized gains and losses recorded as a component of accumulated other comprehensive income (“AOCI”). Investments in public and non-public companies are reviewed on a quarterly basis to determine if their value has been impaired and adjustments are recorded as necessary. Upon disposition of these investments, the specific identification method is used to determine the cost basis in computing realized gains or losses. Declines in value that are judged to be other-than-temporary are reported in Interest (expense) and other income (expense), net or Cost of revenue in the accompanying Consolidated Statements of Operations. | |
Inventories and Inventory Valuation. Inventories are stated at the lower of cost (first-in, first-out) or market. Market value is based upon an estimated average selling price reduced by estimated costs of disposal. Should actual market conditions differ from the Company’s estimates, the Company’s future results of operations could be materially affected. Reductions in inventory valuation are included in Cost of revenue in the accompanying Consolidated Statements of Operations. Inventory impairment charges, when taken, permanently establish a new cost basis and are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable. Rather, these amounts are recognized in income only if, as and when the inventory is sold. | |
The Company reduces the carrying value of its inventory to a new basis for estimated obsolescence or unmarketable inventory by an amount equal to the difference between the cost of the inventory and the estimated market value based upon assumptions about future demand and market conditions, including assumptions about changes in average selling prices. If actual market conditions are less favorable than those projected by management, additional reductions in inventory valuation may be required. | |
The Company’s finished goods inventory includes consigned inventory held at customer locations as well as at third-party fulfillment centers and subcontractors. | |
Other Long-Lived Assets. Intangible assets with finite useful lives and other long-lived assets are tested for impairment if certain impairment indicators are identified. The Company assesses the carrying value of long-lived assets, whenever events or changes in circumstances indicate that the carrying value of these long-lived assets may not be recoverable. Factors the Company considers important which could result in an impairment review include: (1) significant under-performance relative to the historical or projected future operating results; (2) significant changes in the manner of use of assets; (3) significant negative industry or economic trends; and (4) significant changes in the Company’s market capitalization relative to net book value. Any changes in key assumptions used by the Company, including those set forth above, could result in an impairment charge and such a charge could have a material adverse effect on the Company’s consolidated results of operations. | |
Advertising Expenses. Marketing co-op development programs, where the Company receives, or will receive, an identifiable benefit (e.g., goods or services) in exchange for the amount paid to its customer and the Company can reasonably estimate the fair value of the benefit it receives for the customer incentive payment, are classified, when granted, as a marketing expense. Advertising expenses not meeting this criteria are classified as a reduction to revenue when the expense is incurred. Advertising expenses recorded as marketing expense were $19.6 million, $16.2 million and $11.4 million in fiscal years 2013, 2012 and 2011, respectively. | |
Research and Development Expenses. Research and development (“R&D”) expenditures are expensed as incurred. |
Investments_and_Fair_Value_Mea
Investments and Fair Value Measurements | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||||||||||
Investments and Fair Value Measurements [Abstract] | ' | |||||||||||||||||||||||||||||||
Investments and Fair Value Measurements | ' | |||||||||||||||||||||||||||||||
Investments and Fair Value Measurements | ||||||||||||||||||||||||||||||||
The Company’s total cash, cash equivalents and marketable securities was as follows (in thousands): | ||||||||||||||||||||||||||||||||
December 29, | December 30, | |||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 986,246 | $ | 995,470 | ||||||||||||||||||||||||||||
Short-term marketable securities | 1,919,611 | 1,880,034 | ||||||||||||||||||||||||||||||
Long-term marketable securities | 3,179,471 | 2,835,931 | ||||||||||||||||||||||||||||||
Total cash, cash equivalents and marketable securities | $ | 6,085,328 | $ | 5,711,435 | ||||||||||||||||||||||||||||
Fair Value of Financial Instruments. For certain of the Company’s financial instruments, including cash held in banks, accounts receivable and accounts payable, the carrying amounts approximate fair value due to their short maturities, and are therefore excluded from the fair value tables below. | ||||||||||||||||||||||||||||||||
The Company categorizes the fair value of its financial assets and liabilities according to the hierarchy established by the FASB, which prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are: | ||||||||||||||||||||||||||||||||
Level 1 | Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to directly access. | |||||||||||||||||||||||||||||||
Level 2 | Valuations based on quoted prices for similar assets or liabilities; valuations for interest-bearing securities based on non-daily quoted prices in active markets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. | |||||||||||||||||||||||||||||||
Level 3 | Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||||||||||||||||||||||||
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. | ||||||||||||||||||||||||||||||||
In circumstances in which a quoted price in an active market for the identical liability is not available, the Company is required to use the quoted price of the identical liability when traded as an asset, quoted prices for similar liabilities, or quoted prices for similar liabilities when traded as assets. If these quoted prices are not available, the Company is required to use another valuation technique, such as an income approach or a market approach. | ||||||||||||||||||||||||||||||||
The Company’s financial assets are measured at fair value on a recurring basis. Instruments that are classified within Level 1 of the fair value hierarchy generally include money market funds and U.S. Treasury securities. Level 1 securities represent quoted prices in active markets, and therefore do not require significant management judgment. | ||||||||||||||||||||||||||||||||
Instruments that are classified within Level 2 of the fair value hierarchy primarily include U.S. government-sponsored agency securities, international government securities, corporate notes and bonds, municipal notes and bonds, asset-backed securities and mortgage-backed securities. The Company’s Level 2 securities are primarily valued using quoted market prices for similar instruments and nonbinding market prices that are corroborated by observable market data. The Company uses inputs such as actual trade data, benchmark yields, broker/dealer quotes and other similar data, which are obtained from independent pricing vendors, quoted market prices or other sources to determine the ultimate fair value of the Company’s assets and liabilities. The inputs and fair value are reviewed for reasonableness and may be further validated by comparison to publicly available information or compared to multiple independent valuation sources. In addition, the Company reviews third-party valuation models, independently calculates the fair value of selective financial instruments and assesses the controls at its third-party valuation service providers in determining the overall reasonableness of the fair value of its Level 2 financial instruments. | ||||||||||||||||||||||||||||||||
Financial assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following types of instruments (in thousands): | ||||||||||||||||||||||||||||||||
December 29, 2013 | December 30, 2012 | |||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Money market funds | $ | 760,363 | $ | — | $ | — | $ | 760,363 | $ | 582,743 | $ | — | $ | — | $ | 582,743 | ||||||||||||||||
Fixed income securities | 160,194 | 4,985,059 | — | 5,145,253 | 27,386 | 4,917,939 | — | 4,945,325 | ||||||||||||||||||||||||
Derivative assets | — | 777 | — | 777 | — | 20,058 | — | 20,058 | ||||||||||||||||||||||||
Total financial assets | $ | 920,557 | $ | 4,985,836 | $ | — | $ | 5,906,393 | $ | 610,129 | $ | 4,937,997 | $ | — | $ | 5,548,126 | ||||||||||||||||
Derivative liabilities | $ | — | $ | 45,859 | $ | — | $ | 45,859 | $ | — | $ | 13,584 | $ | — | $ | 13,584 | ||||||||||||||||
Total financial liabilities | $ | — | $ | 45,859 | $ | — | $ | 45,859 | $ | — | $ | 13,584 | $ | — | $ | 13,584 | ||||||||||||||||
Financial assets and liabilities measured and recorded at fair value on a recurring basis were presented on the Company’s Consolidated Balance Sheets as follows (in thousands): | ||||||||||||||||||||||||||||||||
December 29, 2013 | December 30, 2012 | |||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Cash equivalents(1) | $ | 773,435 | $ | 33,099 | $ | — | $ | 806,534 | $ | 582,743 | $ | 229,360 | $ | — | $ | 812,103 | ||||||||||||||||
Short-term marketable securities | 15,090 | 1,904,521 | — | 1,919,611 | 16,589 | 1,863,445 | — | 1,880,034 | ||||||||||||||||||||||||
Long-term marketable securities | 132,032 | 3,047,439 | — | 3,179,471 | 10,797 | 2,825,134 | — | 2,835,931 | ||||||||||||||||||||||||
Other current assets | — | 777 | — | 777 | — | 19,064 | — | 19,064 | ||||||||||||||||||||||||
Other non-current assets | — | — | — | — | — | 994 | — | 994 | ||||||||||||||||||||||||
Total financial assets | $ | 920,557 | $ | 4,985,836 | $ | — | $ | 5,906,393 | $ | 610,129 | $ | 4,937,997 | $ | — | $ | 5,548,126 | ||||||||||||||||
Other current accrued liabilities | $ | — | $ | 45,741 | $ | — | $ | 45,741 | $ | — | $ | 13,584 | $ | — | $ | 13,584 | ||||||||||||||||
Non-current liabilities | — | 118 | — | 118 | — | — | — | — | ||||||||||||||||||||||||
Total financial liabilities | $ | — | $ | 45,859 | $ | — | $ | 45,859 | $ | — | $ | 13,584 | $ | — | $ | 13,584 | ||||||||||||||||
(1) | Cash equivalents exclude cash of $179.7 million and $183.4 million included in Cash and cash equivalents on the Consolidated Balance Sheets as of December 29, 2013 and December 30, 2012, respectively. | |||||||||||||||||||||||||||||||
During the fiscal year ended December 29, 2013, the Company had no transfers of financial assets or liabilities between Level 1 and Level 2. As of December 29, 2013 and December 30, 2012, the Company had no financial assets or liabilities categorized as Level 3 and had not elected the fair value option for any financial assets and liabilities for which such an election would have been permitted. | ||||||||||||||||||||||||||||||||
Available-for-Sale Investments. Available-for-sale investments were as follows (in thousands): | ||||||||||||||||||||||||||||||||
December 29, 2013 | December 30, 2012 | |||||||||||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gain | Gross Unrealized Loss | Fair Value | Amortized Cost | Gross Unrealized Gain | Gross Unrealized Loss | Fair Value | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 160,598 | $ | 21 | $ | (424 | ) | $ | 160,195 | $ | 27,377 | $ | 9 | $ | — | $ | 27,386 | |||||||||||||||
U.S. government-sponsored agency securities | 8,112 | 10 | (1 | ) | 8,121 | 28,339 | 41 | (1 | ) | 28,379 | ||||||||||||||||||||||
International government securities | 38,492 | 1 | (224 | ) | 38,269 | 153,936 | 13 | (3 | ) | 153,946 | ||||||||||||||||||||||
Corporate notes and bonds | 864,331 | 1,504 | (1,565 | ) | 864,270 | 864,170 | 3,890 | (938 | ) | 867,122 | ||||||||||||||||||||||
Asset-backed securities | 226,620 | 114 | (170 | ) | 226,564 | 179,356 | 453 | — | 179,809 | |||||||||||||||||||||||
Mortgage-backed securities | 86,542 | 18 | (554 | ) | 86,006 | 1,872 | 8 | (14 | ) | 1,866 | ||||||||||||||||||||||
Municipal notes and bonds | 3,744,138 | 18,931 | (1,241 | ) | 3,761,828 | 3,665,032 | 22,697 | (912 | ) | 3,686,817 | ||||||||||||||||||||||
Total available-for-sale investments | $ | 5,128,833 | $ | 20,599 | $ | (4,179 | ) | $ | 5,145,253 | $ | 4,920,082 | $ | 27,111 | $ | (1,868 | ) | $ | 4,945,325 | ||||||||||||||
The fair value and gross unrealized loss on the available-for-sale securities that have been in a continuous unrealized loss position, aggregated by type of investment instrument for 12 months or less, are summarized in the following table (in thousands). As of December 29, 2013, the Company had an immaterial amount of securities that have been in a continuous unrealized loss position for more than twelve months. The unrealized loss on these securities was immaterial. Available-for-sale securities that were in an unrealized gain position have been excluded from the table. | ||||||||||||||||||||||||||||||||
Fair Value | Gross Unrealized Loss | |||||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 136,621 | $ | (424 | ) | |||||||||||||||||||||||||||
U.S. government-sponsored agency securities | 2,858 | (1 | ) | |||||||||||||||||||||||||||||
International government securities | 36,265 | (224 | ) | |||||||||||||||||||||||||||||
Corporate notes and bonds | 453,671 | (1,565 | ) | |||||||||||||||||||||||||||||
Asset-backed securities | 129,855 | (170 | ) | |||||||||||||||||||||||||||||
Mortgage-backed securities | 64,811 | (554 | ) | |||||||||||||||||||||||||||||
Municipal notes and bonds | 430,620 | (1,241 | ) | |||||||||||||||||||||||||||||
Total | $ | 1,254,701 | $ | (4,179 | ) | |||||||||||||||||||||||||||
The gross unrealized loss related to U.S. Treasury securities, U.S. government-sponsored agency securities, international government securities, corporate and municipal notes and bonds, and mortgage-backed securities was primarily due to changes in interest rates. The gross unrealized loss on all available-for-sale fixed income securities at December 29, 2013 was considered temporary in nature. Factors considered in determining whether a loss is temporary include the length of time and extent to which fair value has been less than the cost basis, the financial condition and near-term prospects of the investee, and the Company’s intent and ability to hold an investment for a period of time sufficient to allow for any anticipated recovery in market value. For debt security investments, the Company considered additional factors including the Company’s intent to sell the investments or whether it is “more likely than not” the Company will be required to sell the investments before the recovery of its amortized cost. | ||||||||||||||||||||||||||||||||
The following table shows the gross realized gains and (losses) on sales of available-for-sale securities (in thousands). | ||||||||||||||||||||||||||||||||
Fiscal years ended | ||||||||||||||||||||||||||||||||
December 29, | December 30, | January 1, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2012 | ||||||||||||||||||||||||||||||
Gross realized gains | $ | 4,724 | $ | 3,867 | $ | 36,762 | ||||||||||||||||||||||||||
Gross realized losses | (2,349 | ) | (898 | ) | (2,213 | ) | ||||||||||||||||||||||||||
Fixed income securities by contractual maturity as of December 29, 2013 are shown below (in thousands). Actual maturities may differ from contractual maturities because issuers of the securities may have the right to prepay obligations or the Company has the option to demand payment. | ||||||||||||||||||||||||||||||||
Amortized Cost | Fair Value | |||||||||||||||||||||||||||||||
Due in one year or less | $ | 1,220,506 | $ | 1,224,980 | ||||||||||||||||||||||||||||
After one year through five years | 3,338,613 | 3,350,852 | ||||||||||||||||||||||||||||||
After five years through ten years | 79,295 | 79,084 | ||||||||||||||||||||||||||||||
After ten years | 490,419 | 490,337 | ||||||||||||||||||||||||||||||
Total | $ | 5,128,833 | $ | 5,145,253 | ||||||||||||||||||||||||||||
For those financial instruments where the carrying amounts differ from fair value, the following table represents the related carrying values and fair values, which are based on quoted market prices (in thousands). These financial instruments were categorized as Level 1 as of both December 29, 2013 and December 30, 2012 with the exception of the 0.5% Sr. Convertible Notes due 2020, which is categorized as Level 2. See Note 6, “Financing Arrangements,” regarding details of each convertible note presented. | ||||||||||||||||||||||||||||||||
December 29, 2013 | December 30, 2012 | |||||||||||||||||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | |||||||||||||||||||||||||||||
1% Sr. Convertible Notes due 2013 | $ | — | $ | — | $ | 906,708 | $ | 927,820 | ||||||||||||||||||||||||
1.5% Sr. Convertible Notes due 2017 | 829,792 | 1,467,160 | 789,913 | 1,159,370 | ||||||||||||||||||||||||||||
0.5% Sr. Convertible Notes due 2020 | 1,155,571 | 1,480,290 | — | — | ||||||||||||||||||||||||||||
Total | $ | 1,985,363 | $ | 2,947,450 | $ | 1,696,621 | $ | 2,087,190 | ||||||||||||||||||||||||
Derivatives_and_Hedging_Activi
Derivatives and Hedging Activities | 12 Months Ended | |||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||
Derivative Instruments, Gain (Loss) | ' | |||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||||||||||||||||||||||
Derivatives and Hedging Activities | ||||||||||||||||||||||||
The Company uses derivative instruments primarily to manage exposures to foreign currency. The Company’s primary objective in holding derivative instruments is to reduce the volatility of earnings and cash flows associated with changes in foreign currency. The program is not designated for trading or speculative purposes. The Company’s derivative instruments expose the Company to credit risk to the extent that the counterparties may be unable to meet the terms of the agreement. The Company seeks to mitigate such risk by limiting its counterparties to major financial institutions and by spreading the risk across several major financial institutions. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored by the Company on an ongoing basis. | ||||||||||||||||||||||||
The Company recognizes derivative instruments as either assets or liabilities on the balance sheet at fair value and provides qualitative disclosures about objectives and strategies for using derivative instruments, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. Changes in fair value (i.e., gains or losses) of the derivatives are recorded as cost of revenue or other income (expense), or as other comprehensive income (“OCI”). The Company does not offset or net the fair value amounts of derivative instruments and separately discloses the fair value amounts of the derivative instruments as either assets or liabilities. | ||||||||||||||||||||||||
Cash Flow Hedges. The Company uses foreign exchange forward contracts designated as cash flow hedges to hedge a portion of future forecasted wafer purchases and R&D expenses in Japanese yen. The gain or loss on the effective portion of a cash flow hedge is initially reported as a component of AOCI and subsequently reclassified into cost of revenue or R&D expense in the same period or periods in which the cost of revenue or R&D expenses are recognized, or reclassified into other income (expense) if the hedged transaction becomes probable of not occurring. Any gain or loss after a hedge is no longer designated, because it is no longer probable of occurring or it is related to an ineffective portion of a cash flow hedge, as well as any amount excluded from the Company’s hedge effectiveness, is recognized as other income (expense) immediately. As of December 29, 2013, the notional amount and unrealized loss on the effective portion of the Company’s outstanding foreign exchange forward contracts to purchase Japanese yen that are designated as cash flow hedges are shown in both Japanese yen (in billions) and U.S. dollar (in thousands), based upon the exchange rate as of December 29, 2013, as follows: | ||||||||||||||||||||||||
Notional Amount | Unrealized Loss | |||||||||||||||||||||||
(Japanese yen) | (U.S. dollar) | (U.S. dollar) | ||||||||||||||||||||||
Foreign exchange forward contracts: | ||||||||||||||||||||||||
Maturities 12 months or less | ¥ | 69.4 | $ | 662,190 | $ | (38,375 | ) | |||||||||||||||||
Maturities greater than 12 months | 0.2 | 2,295 | (118 | ) | ||||||||||||||||||||
Total | ¥ | 69.6 | $ | 664,485 | $ | (38,493 | ) | |||||||||||||||||
The forward contracts with maturities greater than 12 months will settle by January 2015. | ||||||||||||||||||||||||
Other Derivatives. Other derivatives that are non-designated consist primarily of foreign exchange forward contracts to minimize the risk associated with the foreign exchange effects of revaluing monetary assets and liabilities. Monetary assets and liabilities denominated in foreign currencies and the associated outstanding foreign exchange forward contracts were marked-to-market at December 29, 2013 with realized and unrealized gains and losses included in other income (expense). As of December 29, 2013, the Company had foreign exchange forward contracts hedging exposures in European euros, British pounds and Japanese yen. Foreign exchange forward contracts were outstanding to buy and sell U.S. dollar equivalents of approximately $185.2 million and $98.7 million in foreign currencies, respectively, based upon the exchange rates at December 29, 2013. | ||||||||||||||||||||||||
The amounts in the tables below include fair value adjustments related to the Company’s own credit risk and counterparty credit risk. | ||||||||||||||||||||||||
Fair Value of Derivative Contracts. Fair value of derivative contracts were as follows (in thousands): | ||||||||||||||||||||||||
Derivative assets reported in | ||||||||||||||||||||||||
Other Current Assets | Other Non-current Assets | |||||||||||||||||||||||
December 29, | December 30, | December 29, | December 30, | |||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Foreign exchange forward contracts not designated | $ | 777 | $ | 19,064 | $ | — | $ | 994 | ||||||||||||||||
Derivative liabilities reported in | ||||||||||||||||||||||||
Other Current Accrued Liabilities | Non-current Liabilities | |||||||||||||||||||||||
December 29, | December 30, | December 29, | December 30, | |||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Foreign exchange forward contracts designated | $ | 38,375 | $ | 7,058 | $ | 118 | $ | — | ||||||||||||||||
Foreign exchange forward contracts not designated | 7,366 | 6,526 | — | — | ||||||||||||||||||||
Total derivatives | $ | 45,741 | $ | 13,584 | $ | 118 | $ | — | ||||||||||||||||
Foreign Exchange Forward Contracts and Equity Market Risk Contracts Designated as Cash Flow Hedges. The impact of the effective portion of designated cash flow derivative contracts on the Company’s results of operations was as follows (in thousands): | ||||||||||||||||||||||||
Fiscal years ended | ||||||||||||||||||||||||
Amount of gain (loss) | Amount of gain (loss) reclassified | |||||||||||||||||||||||
recognized in OCI | from AOCI to earnings | |||||||||||||||||||||||
December 29, | December 30, | January 1, | December 29, | December 30, | January 1, | |||||||||||||||||||
2013 | 2012 | 2012 | 2013 | 2012 | 2012 | |||||||||||||||||||
Foreign exchange forward contracts | $ | (74,834 | ) | $ | (38,197 | ) | $ | 33,224 | $ | (41,523 | ) | $ | (10,946 | ) | $ | 27,985 | ||||||||
Equity market risk contract | — | — | (3,024 | ) | — | — | (9,885 | ) | ||||||||||||||||
Foreign exchange forward contracts designated as cash flow hedges relate to forecasted wafer purchases and R&D expenses in Japanese yen. Gains and losses associated with foreign exchange forward contracts designated as cash flow hedges are expected to be recorded in cost of revenue for wafer purchases or R&D expense when reclassified out of AOCI. Losses from the equity market risk contract were recorded in other income (expense) when reclassified out of AOCI. The Company expects to realize the majority of the AOCI balance related to foreign exchange contracts within the next twelve months. | ||||||||||||||||||||||||
The following table includes the ineffective portion of designated cash flow derivative contracts and the forward points excluded for the purposes of cash flow hedging designation recognized in other income (expense) (in thousands): | ||||||||||||||||||||||||
Fiscal years ended | ||||||||||||||||||||||||
December 29, | December 30, | January 1, | ||||||||||||||||||||||
2013 | 2012 | 2012 | ||||||||||||||||||||||
Foreign exchange forward contracts | $ | (1,201 | ) | $ | (6,630 | ) | $ | (5,148 | ) | |||||||||||||||
Effect of Non-Designated Derivative Contracts on the Consolidated Statements of Operations. The effect of non-designated derivative contracts on the Company’s results of operations recognized in other income (expense) was as follows (in thousands): | ||||||||||||||||||||||||
Fiscal years ended | ||||||||||||||||||||||||
December 29, | December 30, | January 1, | ||||||||||||||||||||||
2013 | 2012 | 2012 | ||||||||||||||||||||||
Gain (loss) on foreign exchange forward contracts including forward point income | $ | 1,427 | $ | 9,025 | $ | (14,068 | ) | |||||||||||||||||
Gain (loss) from revaluation of foreign currency exposures hedged by foreign exchange forward contracts | (4,460 | ) | (3,511 | ) | 17,479 | |||||||||||||||||||
Balance_Sheet_Information
Balance Sheet Information | 12 Months Ended | ||||||||||||||
Dec. 29, 2013 | |||||||||||||||
Balance Sheet Information [Abstract] | ' | ||||||||||||||
Balance Sheet Information | ' | ||||||||||||||
Balance Sheet Information | |||||||||||||||
Accounts Receivable, net. Accounts receivable, net was as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Accounts receivable | $ | 904,551 | $ | 804,221 | |||||||||||
Allowance for doubtful accounts | (8,274 | ) | (6,627 | ) | |||||||||||
Price protection, promotions and other activities | (213,468 | ) | (171,569 | ) | |||||||||||
Total accounts receivable, net | $ | 682,809 | $ | 626,025 | |||||||||||
Allowance for Doubtful Accounts. The activity in the allowance for doubtful accounts was as follows (in thousands): | |||||||||||||||
Fiscal years ended | |||||||||||||||
December 29, | December 30, | January 1, | |||||||||||||
2013 | 2012 | 2012 | |||||||||||||
Balance, beginning of period | $ | 6,627 | $ | 5,717 | $ | 8,416 | |||||||||
Additions (reductions) charged to costs and expenses | 2,167 | 1,452 | (1,476 | ) | |||||||||||
Deductions/write-offs | (520 | ) | (542 | ) | (1,223 | ) | |||||||||
Balance, end of period | $ | 8,274 | $ | 6,627 | $ | 5,717 | |||||||||
Inventory. Inventory was as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Raw material | $ | 440,570 | $ | 404,634 | |||||||||||
Work-in-process | 102,543 | 102,249 | |||||||||||||
Finished goods | 213,862 | 243,192 | |||||||||||||
Total inventory | $ | 756,975 | $ | 750,075 | |||||||||||
Other Current Assets. Other current assets were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Tax-related receivables | $ | 70,760 | $ | 186,223 | |||||||||||
Other non-trade receivables | 37,368 | — | |||||||||||||
Prepayment to Flash Forward Ltd. | 5,144 | 20,577 | |||||||||||||
Derivative contract receivables | 777 | 19,064 | |||||||||||||
Prepaid expenses | 12,630 | 13,221 | |||||||||||||
Other current assets | 40,206 | 21,794 | |||||||||||||
Total other current assets | $ | 166,885 | $ | 260,879 | |||||||||||
Property and Equipment. Property and equipment were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Machinery and equipment | $ | 1,148,150 | $ | 1,124,701 | |||||||||||
Software | 171,733 | 148,014 | |||||||||||||
Buildings and building improvements | 261,471 | 227,651 | |||||||||||||
Capital land lease | 6,644 | 6,603 | |||||||||||||
Land | 24,427 | 24,427 | |||||||||||||
Furniture and fixtures | 20,481 | 10,106 | |||||||||||||
Leasehold improvements | 6,559 | 11,979 | |||||||||||||
Property and equipment, at cost | 1,639,465 | 1,553,481 | |||||||||||||
Accumulated depreciation and amortization | (983,671 | ) | (887,939 | ) | |||||||||||
Property and equipment, net | $ | 655,794 | $ | 665,542 | |||||||||||
Depreciation expense of property and equipment totaled $226.3 million, $161.9 million and $115.0 million in fiscal years 2013, 2012 and 2011, respectively. | |||||||||||||||
Notes Receivable and Investments in Flash Ventures. Notes receivable and investments in Flash Partners Ltd., Flash Alliance Ltd. and Flash Forward Ltd. (collectively referred to as “Flash Ventures”) were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Notes receivable, Flash Partners Ltd. | $ | 100,057 | $ | 180,254 | |||||||||||
Notes receivable, Flash Alliance Ltd. | 323,995 | 476,800 | |||||||||||||
Notes receivable, Flash Forward Ltd. | 169,144 | 162,810 | |||||||||||||
Investment in Flash Partners Ltd. | 190,694 | 232,547 | |||||||||||||
Investment in Flash Alliance Ltd. | 283,999 | 342,048 | |||||||||||||
Investment in Flash Forward Ltd. | 66,731 | 65,653 | |||||||||||||
Total notes receivable and investments in Flash Ventures | $ | 1,134,620 | $ | 1,460,112 | |||||||||||
Equity-method investments and the Company’s maximum loss exposure related to Flash Ventures are discussed further in Note 12, “Commitments, Contingencies and Guarantees – Flash Ventures” and Note 13, “Related Parties and Strategic Investments.” | |||||||||||||||
The Company assesses financing receivable credit quality through financial and operational reviews of the borrower and creditworthiness, including credit rating agency ratings, of significant investors of the borrower, where material or known. Impairments, when required for credit worthiness, are recorded in other income (expense). The Company makes or will make long-term loans to Flash Ventures to fund new process technologies and additional wafer capacities. The Company aggregates its Flash Ventures notes receivable into one class of financing receivables due to the similar ownership interest and common structure in each Flash Venture entity. For all reporting periods presented, no loans were past due and no loan impairments were recorded. | |||||||||||||||
Other Non-current Assets. Other non-current assets were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Prepaid tax on intercompany transactions | $ | 37,747 | $ | 42,118 | |||||||||||
Prepayment to Flash Forward Ltd. | — | 5,144 | |||||||||||||
Convertible note issuance costs | 20,612 | 8,708 | |||||||||||||
Long-term prepaid income tax | 66,176 | 63,008 | |||||||||||||
Other non-current assets | 42,895 | 34,832 | |||||||||||||
Total other non-current assets | $ | 167,430 | $ | 153,810 | |||||||||||
Other Current Accrued Liabilities. Other current accrued liabilities were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Accrued payroll and related expenses | $ | 227,779 | $ | 102,269 | |||||||||||
Derivative contract payables | 45,741 | 13,584 | |||||||||||||
Taxes payable | 59,618 | 25,476 | |||||||||||||
Other accrued liabilities | 176,594 | 116,210 | |||||||||||||
Total other current accrued liabilities | $ | 509,732 | $ | 257,539 | |||||||||||
Non-current Liabilities. Non-current liabilities were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Deferred tax liabilities | $ | 3,482 | $ | 28,672 | |||||||||||
Income tax liabilities | 205,266 | 208,629 | |||||||||||||
Deferred credits on intercompany transactions | 15,065 | 58,548 | |||||||||||||
Other non-current liabilities | 83,270 | 112,098 | |||||||||||||
Total non-current liabilities | $ | 307,083 | $ | 407,947 | |||||||||||
Warranties. The liability for warranty expense is included in Other current accrued liabilities and Non-current liabilities in the accompanying Consolidated Balance Sheets, and the activity was as follows (in thousands): | |||||||||||||||
Fiscal years ended | |||||||||||||||
December 29, | December 30, | January 1, | |||||||||||||
2013 | 2012 | 2012 | |||||||||||||
Balance, beginning of period | $ | 38,787 | $ | 26,957 | $ | 24,702 | |||||||||
Additions and adjustments to cost of revenue | 35,763 | 33,247 | 29,444 | ||||||||||||
Usage | (30,926 | ) | (21,417 | ) | (27,189 | ) | |||||||||
Balance, end of period | $ | 43,624 | $ | 38,787 | $ | 26,957 | |||||||||
The majority of the Company’s products have a warranty of less than three years, with a small number of products having a warranty ranging up to ten years or more. For warranties ten years or greater, including lifetime warranties, the Company uses the estimated useful life of the product to calculate the warranty exposure. A provision for the estimated future cost related to warranty expense is recorded at the time of customer invoice. The Company’s warranty liability is affected by customer and consumer returns, product failures, number of units sold and repair or replacement costs incurred. Should actual product failure rates, or repair or replacement costs, differ from the Company’s estimates, increases or decreases to its warranty liability would be required. | |||||||||||||||
Comprehensive Income (Loss) Note | ' | ||||||||||||||
Accumulated Other Comprehensive Income (Loss). AOCI presented in the accompanying Consolidated Balance Sheets consists of unrealized gains and losses on available-for-sale investments, foreign currency translation and hedging activities, net of tax, for all periods presented (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Accumulated net unrealized gain (loss) on: | |||||||||||||||
Available-for-sale investments | $ | 10,479 | $ | 15,919 | |||||||||||
Foreign currency translation | (47,440 | ) | 155,389 | ||||||||||||
Hedging activities | (39,498 | ) | (6,187 | ) | |||||||||||
Total accumulated other comprehensive income (loss) | $ | (76,459 | ) | $ | 165,121 | ||||||||||
The amount of income tax (benefit) expense allocated to the unrealized gain (loss) on available-for-sale investments, foreign currency translation and hedging activities was as follows (in thousands): | |||||||||||||||
Fiscal years ended | |||||||||||||||
December 29, | December 30, | January 1, | |||||||||||||
2013 | 2012 | 2012 | |||||||||||||
Available-for-sale investments | $ | (3,383 | ) | $ | 3,121 | $ | 3,342 | ||||||||
Foreign currency translation | (38,006 | ) | (23,791 | ) | 10,315 | ||||||||||
Hedging activities | — | — | 2,504 | ||||||||||||
$ | (41,389 | ) | $ | (20,670 | ) | $ | 16,161 | ||||||||
The significant amounts reclassified out of each component of AOCI were as follows (in thousands): | |||||||||||||||
Fiscal years ended | |||||||||||||||
AOCI Component | December 29, | December 30, | January 1, | Statement of Operations | |||||||||||
2013 | 2012 | 2012 | Line Item | ||||||||||||
Unrealized gain on available-for-sale investments | $ | 2,375 | $ | 2,969 | $ | 34,549 | Interest (expense) and other income (expense), net | ||||||||
Tax impact | (1,122 | ) | (1,051 | ) | (2,119 | ) | Provision for income taxes | ||||||||
Unrealized gain on available-for-sale investments, net of tax | 1,253 | 1,918 | 32,430 | ||||||||||||
Unrealized holding gains (losses) on derivatives: | |||||||||||||||
Foreign exchange contracts | (41,523 | ) | (10,946 | ) | 27,985 | Cost of revenue | |||||||||
Equity market risk contract | — | — | (9,885 | ) | Interest (expense) and other income (expense), net | ||||||||||
Tax impact | — | — | 2,504 | Provision for income taxes | |||||||||||
Gain (loss) on cash flow hedging activities, net of tax | (41,523 | ) | (10,946 | ) | 20,604 | ||||||||||
Total reclassifications for the period, net of tax | $ | (40,270 | ) | $ | (9,028 | ) | $ | 53,034 | |||||||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | |||||||||||||||
Dec. 29, 2013 | ||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||
Goodwill and Intangible Assets | ' | |||||||||||||||
Goodwill and Intangible Assets | ||||||||||||||||
Goodwill. Goodwill balances and activity during fiscal year 2013 were as follows (in thousands): | ||||||||||||||||
Carrying Amount | ||||||||||||||||
Balance as of December 30, 2012 | $ | 201,735 | ||||||||||||||
Acquisition | 115,775 | |||||||||||||||
Adjustment | 601 | |||||||||||||||
Balance as of December 29, 2013 | $ | 318,111 | ||||||||||||||
Goodwill increased by approximately $115.8 million due to the Company’s acquisition of SMART Storage Systems (“SMART Storage”) during the third quarter of fiscal year 2013. See Note 15, “Business Acquisition” regarding this acquisition. In addition, goodwill increased by $0.6 million during the first quarter of fiscal year 2013 due to the resolution of a legal contingency matter during the measurement period for an acquisition from fiscal year 2012. | ||||||||||||||||
Goodwill is not amortized, but is reviewed and tested for impairment at least annually, on the first day of the Company’s fourth quarter and whenever events or circumstances occur that indicate that goodwill might be impaired. Impairment of goodwill is tested at the Company’s reporting unit level. The Company has the option to first assess qualitative factors to determine whether events and circumstances indicate that it is more likely than not that the goodwill is impaired and determine whether further action is needed (“Step 0”). For the year ended December 29, 2013, the Company performed a Step 0 qualitative assessment of its goodwill and did not identify any events or circumstances that would indicate an impairment of goodwill. As such, the Company did not perform any further goodwill impairment testing. | ||||||||||||||||
Intangible Assets. Intangible asset balances were as follows (in thousands): | ||||||||||||||||
December 29, 2013 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Impairment | Net Carrying Amount | |||||||||||||
Developed product technology | $ | 348,385 | $ | (121,304 | ) | $ | (44,216 | ) | $ | 182,865 | ||||||
Customer relationships | 20,650 | (14,426 | ) | — | 6,224 | |||||||||||
Trademarks | 14,200 | (3,634 | ) | (2,812 | ) | 7,754 | ||||||||||
Covenants not to compete | 3,100 | (2,959 | ) | — | 141 | |||||||||||
Acquisition-related intangible assets | 386,335 | (142,323 | ) | (47,028 | ) | 196,984 | ||||||||||
Technology licenses and patents | 133,909 | (89,289 | ) | — | 44,620 | |||||||||||
Total intangible assets subject to amortization | 520,244 | (231,612 | ) | (47,028 | ) | 241,604 | ||||||||||
Acquired in-process research and development | 42,500 | — | (36,200 | ) | 6,300 | |||||||||||
Total intangible assets | $ | 562,744 | $ | (231,612 | ) | $ | (83,228 | ) | $ | 247,904 | ||||||
December 30, 2012 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Impairment | Net Carrying Amount | |||||||||||||
Developed product technology | $ | 200,960 | $ | (68,104 | ) | $ | — | $ | 132,856 | |||||||
Core technology | 79,800 | (79,800 | ) | — | — | |||||||||||
Customer relationships | 13,050 | (10,043 | ) | — | 3,007 | |||||||||||
Trademarks | 5,700 | (1,870 | ) | — | 3,830 | |||||||||||
Covenants not to compete | 3,100 | (1,618 | ) | — | 1,482 | |||||||||||
Acquisition-related intangible assets | 302,610 | (161,435 | ) | — | 141,175 | |||||||||||
Technology licenses and patents | 133,909 | (65,690 | ) | — | 68,219 | |||||||||||
Total intangible assets subject to amortization | 436,519 | (227,125 | ) | — | 209,394 | |||||||||||
Acquired in-process research and development | 38,385 | — | (860 | ) | 37,525 | |||||||||||
Total intangible assets | $ | 474,904 | $ | (227,125 | ) | $ | (860 | ) | $ | 246,919 | ||||||
Gross acquisition-related intangible assets and acquired in-process research and development (“IPR&D”) increased $168.5 million in fiscal year 2013 due to the acquisition of SMART Storage. During the fiscal year ended December 29, 2013, the Company reclassified $1.3 million of acquired IPR&D to developed product technology and commenced amortization. | ||||||||||||||||
The Company performs tests for impairment of long-lived assets whenever events or circumstances suggest that long-lived assets may be impaired. In the third quarter of fiscal year 2013, the Company performed impairment tests on the amortizable intangible and IPR&D assets from the Pliant Technology, Inc. (“Pliant”) acquisition. The Company performed impairment tests on these assets due to the recent SMART Storage acquisition and the decision to integrate more of the SMART Storage architecture into its future enterprise product roadmap, and due to additional product delays in the development timeline related to an IPR&D project from this acquisition. In conducting an impairment review of the Pliant amortizable intangible assets, the Company first compared the undiscounted cash flows to the carrying value of these amortizable intangible assets. Since the undiscounted cash flows were less than the carrying value, the Company then compared the estimated fair value based upon forecasted discounted cash flows to the carrying value and determined there was an impairment of $47.0 million. In addition, the Company performed an impairment analysis for the IPR&D by comparing the estimated fair value based upon forecasted discounted cash flows related to the Pliant IPR&D to the carrying value and determined there was a full impairment of $36.2 million. The Company recorded an impairment of the amortizable intangible assets and IPR&D assets totaling $83.2 million in the third quarter of fiscal year 2013, which was included in Impairment of acquisition-related intangible assets in the Consolidated Statements of Operations. The Company will continue to monitor for any events or circumstances that could indicate whether an impairment of the remaining Pliant acquisition-related intangible assets is required. The amortization schedule for the remaining Pliant acquisition-related intangible assets has been adjusted to be fully amortized by the end of fiscal year 2014, based upon the estimated remaining cash flows. | ||||||||||||||||
Acquired IPR&D is accounted for as an indefinite-lived intangible asset. Indefinite-lived intangible assets are reviewed for impairment at least annually until technological feasibility is achieved or development is complete. Upon completion of development, the acquired IPR&D is considered an amortizable finite-lived intangible asset. Amortization expense of technology licenses and patents is recorded to cost of revenue or R&D based upon the use of the technology. In fiscal year 2012, the Company discontinued a project related to an IPR&D indefinite-lived intangible asset, which resulted in an impairment of $0.9 million which was included in Impairment of acquisition-related intangible assets in the Consolidated Statement of Operations. | ||||||||||||||||
Amortization expense of intangible assets totaled $84.3 million, $76.5 million and $65.5 million in fiscal years 2013, 2012 and 2011, respectively. | ||||||||||||||||
The annual expected amortization expense of intangible assets subject to amortization as of December 29, 2013, is as follows (in thousands): | ||||||||||||||||
Acquisition-related Intangible Assets | Technology Licenses and Patents | |||||||||||||||
Fiscal year: | ||||||||||||||||
2014 | $ | 83,671 | $ | 21,231 | ||||||||||||
2015 | 48,114 | 20,056 | ||||||||||||||
2016 | 40,544 | 3,333 | ||||||||||||||
2017 | 24,655 | — | ||||||||||||||
Total intangible assets subject to amortization | $ | 196,984 | $ | 44,620 | ||||||||||||
Financing_Arrangements
Financing Arrangements | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||
Financing Arrangements | ' | |||||||||||
Financing Arrangements | ||||||||||||
The following table reflects the carrying value of the Company’s convertible debt (in thousands): | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
1% Notes due 2013 | $ | — | $ | 928,061 | ||||||||
Less: Unamortized bond discount | — | (21,353 | ) | |||||||||
Net carrying amount of 1% Notes due 2013 | — | 906,708 | ||||||||||
1.5% Notes due 2017 | 1,000,000 | 1,000,000 | ||||||||||
Less: Unamortized bond discount | (170,208 | ) | (210,087 | ) | ||||||||
Net carrying amount of 1.5% Notes due 2017 | 829,792 | 789,913 | ||||||||||
0.5% Notes due 2020 | 1,500,000 | — | ||||||||||
Less: Unamortized bond discount | (344,429 | ) | — | |||||||||
Net carrying amount of 0.5% Notes due 2020 | 1,155,571 | — | ||||||||||
Total convertible debt | 1,985,363 | 1,696,621 | ||||||||||
Less: Convertible short-term debt | — | (906,708 | ) | |||||||||
Convertible long-term debt | $ | 1,985,363 | $ | 789,913 | ||||||||
1% Convertible Senior Notes Due 2013. On May 15, 2013, the maturity date for the 1% Convertible Senior Notes due May 15, 2013 (“1% Notes due 2013”), the Company settled the 1% Notes due 2013 through an all-cash transaction for principal and accrued interest of $928.1 million and $4.6 million, respectively. As of the date of the redemption, the Company had no further obligations related to the 1% Notes due 2013. In connection with the maturity of the 1% Notes due 2013, the associated convertible bond hedge and warrant transactions also terminated, with no shares purchased under the convertible bond hedge agreement and no exercises of the warrants. | ||||||||||||
The following table presents the amount of interest cost recognized relating to the contractual interest coupon, amortization of bond issuance costs and amortization of the bond discount on the liability component of the 1% Notes due 2013 (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
Contractual interest coupon | $ | 3,481 | $ | 9,280 | $ | 10,692 | ||||||
Amortization of bond issuance costs | 1,013 | 2,783 | 4,345 | |||||||||
Amortization of bond discount | 21,022 | 53,599 | 56,424 | |||||||||
Total interest cost recognized | $ | 25,516 | $ | 65,662 | $ | 71,461 | ||||||
The effective interest rate on the liability component of the 1% Notes due 2013 was 7.4% for the three fiscal years ended December 29, 2013. | ||||||||||||
Bond Repurchase. In the twelve months ended January 1, 2012, the Company repurchased $221.9 million principal amount of its 1% Notes due 2013 in private transactions with a limited number of bondholders for cash consideration of $211.1 million, which resulted in the recognition of a loss before tax of $11.5 million, which was recorded in other income (expense). The repurchase was economically beneficial given the notes were repurchased below the principal amount and given that interest rates on cash and marketable securities were lower than the 1% coupon rate of the notes. In accordance with current accounting guidance, at settlement, the fair value of the liability component of the convertible debt immediately prior to repurchase was measured using interest rates at settlement, and the difference between the fair value of the aggregate consideration remitted to the holders and the fair value of the liability component of the convertible debt immediately prior to repurchase is attributed to the reacquisition of the equity component. The difference between the fair value of the liability component of the convertible debt immediately prior to the repurchase and the carrying value of the debt redeemed was recorded as expense on extinguishment of debt in Interest (expense) and other income (expense), net, in the Consolidated Statements of Operations. | ||||||||||||
In connection with the repurchase of a portion of the 1% Notes due 2013, the Company unwound a portion of the convertible bond hedge and warrants. As a result of this unwinding, the Company received net proceeds of $0.3 million, which was recorded in equity. | ||||||||||||
1.5% Convertible Senior Notes Due 2017. In August 2010, the Company issued and sold $1.0 billion in aggregate principal amount of 1.5% Convertible Senior Notes due August 15, 2017 (the “1.5% Notes due 2017”) at par. The 1.5% Notes due 2017 may be converted, under certain circumstances described below, based on an initial conversion rate of 19.0931 shares of common stock per $1,000 principal amount of notes (which represents an initial conversion price of approximately $52.37 per share). The 1.5% Notes due 2017 contains provisions where the conversion rate and conversion price are adjusted if the Company pays a cash dividend or makes a distribution to all or substantially all holders of its common stock. Accordingly, as of December 29, 2013, the conversion rate was adjusted for dividends paid to date to 19.2307 shares of common stock per $1,000 principal amount of notes (which represents a conversion price of approximately $52.00 per share). The net proceeds to the Company from the sale of the 1.5% Notes due 2017 were $981.0 million. | ||||||||||||
The Company separately accounts for the liability and equity components of the 1.5% Notes due 2017. The principal amount of the liability component of $706.0 million as of the date of issuance was recognized at the present value of its cash flows using a discount rate of 6.85%, the Company’s borrowing rate at the date of the issuance for a similar debt instrument without the conversion feature. As of December 29, 2013, the carrying value of the equity component of $294.0 million was unchanged from the date of issuance. | ||||||||||||
The following table presents the amount of interest cost recognized relating to the contractual interest coupon, amortization of bond issuance costs and amortization of the bond discount on the liability component of the 1.5% Notes due 2017 (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
Contractual interest coupon | $ | 15,000 | $ | 15,000 | $ | 15,000 | ||||||
Amortization of bond issuance costs | 2,667 | 2,666 | 2,695 | |||||||||
Amortization of bond discount | 39,095 | 36,364 | 34,140 | |||||||||
Total interest cost recognized | $ | 56,762 | $ | 54,030 | $ | 51,835 | ||||||
The effective interest rate on the liability component of the 1.5% Notes due 2017 was 6.85% for each of the three fiscal years ended December 29, 2013. The remaining unamortized bond discount of $170.2 million as of December 29, 2013 will be amortized over the remaining life of the 1.5% Notes due 2017, which is approximately 3.6 years. | ||||||||||||
The 1.5% Notes due 2017 may be converted on any day prior to the close of business on the scheduled trading day immediately preceding May 15, 2017, in multiples of $1,000 principal amount at the option of the holder under any of the following circumstances: 1) during the five business-day period after any five consecutive trading-day period (the “measurement period”) in which the trading price per note for each day of such measurement period was less than 98% of the product of the last reported sale price of the Company’s common stock and the conversion rate on each such day; 2) during any calendar quarter after the calendar quarter ending September 30, 2010, if the last reported sale price of the Company’s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter exceeds 130% of the applicable conversion price in effect on the last trading day of the immediately preceding calendar quarter; or 3) upon the occurrence of specified corporate transactions. On and after May 15, 2017 until the close of business on the second scheduled trading day immediately preceding the maturity date of August 15, 2017, holders may convert their notes at any time, regardless of the foregoing circumstances. | ||||||||||||
Upon conversion, a holder will receive the conversion value of the 1.5% Notes due 2017 to be converted equal to the conversion rate multiplied by the volume weighted average price of the Company’s common stock during a specified period following the conversion date. The conversion value of each 1.5% Notes due 2017 will be paid in: 1) cash equal to the lesser of the principal amount of the note or the conversion value, as defined, and 2) to the extent the conversion value exceeds the principal amount of the note, common stock (plus cash in lieu of any fractional shares of common stock). The conversion price will be subject to adjustment in some events but will not be adjusted for accrued interest. Upon a “fundamental change” at any time, as defined, the Company will in some cases increase the conversion rate for a holder who elects to convert its 1.5% Notes due 2017 in connection with such fundamental change. In addition, the holders may require the Company to repurchase for cash all or a portion of their notes upon a “designated event” at a price equal to 100% of the principal amount of the notes being repurchased plus accrued and unpaid interest, if any. | ||||||||||||
The Company pays cash interest at an annual rate of 1.5%, payable semi-annually on February 15 and August 15 of each year, beginning February 15, 2011. Debt issuance costs were $18.7 million, of which $5.5 million was allocated to capital in excess of par value and $13.2 million was allocated to deferred issuance costs and is amortized to interest expense over the term of the 1.5% Notes due 2017. As of December 29, 2013, unamortized deferred issuance cost was $6.8 million. | ||||||||||||
Concurrently with the issuance of the 1.5% Notes due 2017, the Company purchased a convertible bond hedge and sold warrants. The convertible bond hedge transaction is structured to reduce the potential future economic dilution associated with the conversion of the 1.5% Notes due 2017 and, combined with the warrants, to increase the initial conversion price to $73.3250 per share. Each of these components is discussed separately below: | ||||||||||||
• | Convertible Bond Hedge. Counterparties agreed to sell to the Company up to approximately 19.1 million shares of the Company’s common stock, which is the number of shares initially issuable upon conversion of the 1.5% Notes due 2017 in full, at a price of $52.37 per share. The 1.5% Notes due 2017 contains provisions where the number of shares to be sold under the convertible bond hedge transaction and the conversion price will be adjusted if the Company pays a cash dividend or makes a distribution to all or substantially all holders of its common stock. After adjusting for the dividends paid through December 29, 2013, the counterparties may acquire up to approximately 19.2 million shares of the Company’s common stock, which is the number of shares issuable upon conversion of the 1.5% Notes due 2017 in full, at a price of $52.00 per share. This convertible bond hedge transaction will be settled in net shares and will terminate upon the earlier of the maturity date of the 1.5% Notes due 2017 or the first day none of the 1.5% Notes due 2017 remain outstanding due to conversion or otherwise. Settlement of the convertible bond hedge in net shares, based on the number of shares issuable upon conversion of the 1.5% Notes due 2017, on the expiration date would result in the Company receiving net shares equivalent to the number of shares issuable by the Company upon conversion of the 1.5% Notes due 2017. Should there be an early unwind of the convertible bond hedge transaction, the number of net shares potentially received by the Company will depend upon 1) the then existing overall market conditions, 2) the Company’s stock price, 3) the volatility of the Company’s stock, and 4) the amount of time remaining before expiration of the convertible bond hedge. The convertible bond hedge transaction cost of $292.9 million has been accounted for as an equity transaction. The Company initially recorded approximately $1.7 million in stockholders’ equity from the deferred tax asset related to the convertible bond hedge at inception of the transaction. As of December 29, 2013, the Company had not purchased any shares under this convertible bond hedge agreement. | |||||||||||
• | Warrants. The Company received $188.1 million from the same counterparties from the sale of warrants to purchase up to approximately 19.1 million shares of the Company’s common stock at an exercise price of $73.3250 per share. The 1.5% Notes due 2017 contains provisions whereby the number of shares to be acquired under the warrants and the strike price are adjusted if the Company pays a cash dividend or makes a distribution to all or substantially all holders of its common stock. After adjusting for the dividends paid through December 29, 2013, holders of the warrants may acquire up to approximately 19.2 million shares of the Company’s common stock at a strike price of $72.8005 per share. The warrants mature on 40 different dates from November 13, 2017 through January 10, 2018 and are exercisable at the maturity date. At each expiration date, the Company may, at its option, elect to settle the warrants on a net share basis. As of December 29, 2013, the warrants had not been exercised and remained outstanding. The value of the warrants was initially recorded in equity and continues to be classified as equity. | |||||||||||
0.5% Convertible Senior Notes Due 2020. In October 2013, the Company issued and sold $1.5 billion in aggregate principal amount of 0.5% Convertible Senior Notes due October 15, 2020 (the “0.5% Notes due 2020”) at par. The 0.5% Notes due 2020 may be converted, under certain circumstances described below, based on an initial conversion rate of 10.8470 shares of common stock per $1,000 principal amount of notes (which represents an initial conversion price of approximately $92.19 per share). The 0.5% Notes due 2020 contains provisions where the conversion rate and conversion price are adjusted if the Company pays a cash dividend greater than a regular quarterly cash dividend of $0.225 per share or makes a distribution to all or substantially all holders of its common stock. As of December 29, 2013, no adjustment has been made to the conversion rate or the conversion price. The net proceeds to the Company from the sale of the 0.5% Notes due 2020 were approximately $1.48 billion. | ||||||||||||
The Company separately accounts for the liability and equity components of the 0.5% Notes due 2020. The principal amount of the liability component of $1.15 billion as of the date of issuance was recognized at the present value of its cash flows using a discount rate of 4.43%, the Company’s borrowing rate at the date of the issuance for a similar debt instrument without the conversion feature. As of December 29, 2013, the carrying value of the equity component of $352.0 million was unchanged from the date of issuance. | ||||||||||||
The following table presents the amount of interest cost recognized relating to the contractual interest coupon, amortization of bond issuance costs and amortization of the bond discount on the liability component of the 0.5% Notes due 2020 (in thousands): | ||||||||||||
Fiscal year ended | ||||||||||||
December 29, | ||||||||||||
2013 | ||||||||||||
Contractual interest coupon | $ | 1,271 | ||||||||||
Amortization of bond issuance costs | 439 | |||||||||||
Amortization of bond discount | 7,486 | |||||||||||
Total interest cost recognized | $ | 9,196 | ||||||||||
The effective interest rate on the liability component of the 0.5% Notes due 2020 was 4.43% for the fiscal year ended December 29, 2013. The remaining unamortized bond discount of $344.4 million as of December 29, 2013 will be amortized over the remaining life of the 0.5% Notes due 2020, which is approximately 6.8 years. | ||||||||||||
The 0.5% Notes due 2020 may be converted on any day prior to the close of business on the scheduled trading day immediately preceding July 15, 2020, in multiples of $1,000 principal amount at the option of the holder under any of the following circumstances: 1) during the five business-day period after any five consecutive trading-day period (the “measurement period”) in which the trading price per note for each day of such measurement period was less than 98% of the product of the last reported sale price of the Company’s common stock and the conversion rate on each such day; 2) during any calendar quarter after the calendar quarter ending December 29, 2013, if the last reported sale price of the Company’s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter exceeds 130% of the applicable conversion price in effect on the last trading day of the immediately preceding calendar quarter; or 3) upon the occurrence of specified corporate transactions. On and after July 15, 2020 until the close of business on the second scheduled trading day immediately preceding the maturity date of October 15, 2020, holders may convert their notes at any time, regardless of the foregoing circumstances. | ||||||||||||
Upon conversion, a holder will receive the conversion value of the 0.5% Notes due 2020 to be converted equal to the conversion rate multiplied by the volume weighted average price of the Company’s common stock during a specified period following the conversion date. The conversion value of each 0.5% Notes due 2020 will be paid in: 1) cash equal to the lesser of the principal amount of the note or the conversion value, as defined, and 2) to the extent the conversion value exceeds the principal amount of the note, common stock (plus cash in lieu of any fractional shares of common stock). The conversion price will be subject to adjustment in some events but will not be adjusted for accrued interest. Upon a “fundamental change” at any time, as defined, the Company will in some cases increase the conversion rate for a holder who elects to convert its 0.5% Notes due 2020 in connection with such fundamental change. In addition, the holders may require the Company to repurchase for cash all or a portion of their notes upon a “designated event” at a price equal to 100% of the principal amount of the notes being repurchased plus accrued and unpaid interest, if any. | ||||||||||||
The Company pays cash interest at an annual rate of 0.5%, payable semi-annually on April 15 and October 15 of each year, beginning April 15, 2014. Debt issuance costs were approximately $18.5 million, of which $4.3 million was allocated to capital in excess of par value and $14.1 million was allocated to deferred issuance costs and is amortized to interest expense over the term of the 0.5% Notes due 2020. As of December 29, 2013, unamortized deferred issuance cost was $13.8 million. | ||||||||||||
Concurrently with the issuance of the 0.5% Notes due 2020, the Company purchased a convertible bond hedge and sold warrants. The convertible bond hedge transaction is structured to reduce the potential future economic dilution associated with the conversion of the 0.5% Notes due 2020 and, combined with the warrants, to increase the initial conversion price to $122.9220 per share. Each of these components is discussed separately below: | ||||||||||||
• | Convertible Bond Hedge. Counterparties agreed to sell to the Company up to approximately 16.3 million shares of the Company’s common stock, which is the number of shares initially issuable upon conversion of the 0.5% Notes due 2020 in full, at a price of $92.19 per share. The 0.5% Notes due 2020 contains provisions where the number of shares to be sold under the convertible bond hedge transaction and the conversion price will be adjusted if the Company pays a cash dividend greater than a regular quarterly cash dividend of $0.225 per share or makes a distribution to all or substantially all holders of its common stock. As of December 29, 2013, no adjustment has been made to the number of shares to be sold under the convertible bond hedge transaction or the conversion price. This convertible bond hedge transaction will be settled in net shares and will terminate upon the earlier of the maturity date of the 0.5% Notes due 2020 or the first day none of the 0.5% Notes due 2020 remain outstanding due to conversion or otherwise. Settlement of the convertible bond hedge in net shares, based on the number of shares issuable upon conversion of the 0.5% Notes due 2020, on the expiration date would result in the Company receiving net shares equivalent to the number of shares issuable by the Company upon conversion of the 0.5% Notes due 2020. Should there be an early unwind of the convertible bond hedge transaction, the number of net shares potentially received by the Company will depend upon 1) the then existing overall market conditions, 2) the Company’s stock price, 3) the volatility of the Company’s stock, and 4) the amount of time remaining before expiration of the convertible bond hedge. The convertible bond hedge transaction cost of $331.7 million has been accounted for as an equity transaction. The Company initially recorded approximately $119.5 million in stockholders’ equity from the deferred tax asset related to the convertible bond hedge at inception of the transaction. As of December 29, 2013, the Company had not purchased any shares under this convertible bond hedge agreement. | |||||||||||
• | Warrants. The Company received $217.8 million from the same counterparties from the sale of warrants to purchase up to approximately 16.3 million shares of the Company’s common stock at an exercise price of $122.9220 per share. The 0.5% Notes due 2020 contains provisions whereby the number of shares to be acquired under the warrants and the strike price are adjusted if the Company pays a cash dividend greater than a regular quarterly cash dividend of $0.225 per share or makes a distribution to all or substantially all holders of its common stock. As of December 29, 2013, no adjustment has been made to the number of shares to be acquired under the warrants or the strike price. The warrants mature on 40 different dates from January 13, 2021 through March 11, 2021 and are exercisable at the maturity date. At each expiration date, the Company may, at its option, elect to settle the warrants on a net share basis. As of December 29, 2013, the warrants had not been exercised and remained outstanding. The value of the warrants was initially recorded in equity and continues to be classified as equity. |
Share_Repurchase_Program
Share Repurchase Program | 12 Months Ended |
Dec. 29, 2013 | |
Share Repurchase Program [Abstract] | ' |
Treasury Stock [Text Block] | ' |
Share Repurchase Program | |
In September 2013, the Company’s Board of Directors increased the share repurchase program authorization by $2.50 billion, to an aggregate amount of $3.75 billion for share repurchases. Under this program, shares repurchased are recorded as a reduction to capital in excess of par value and retained earnings in the Company’s Consolidated Balance Sheets. The repurchases will be made from time to time in the open market, in privately negotiated transactions, or in structured stock repurchase programs, and may be made in one or more repurchases, in compliance with Rule 10b-18 of the Securities Exchange Act, subject to market conditions, applicable legal requirements, and other factors. The program does not obligate the Company to acquire any particular amount of common stock, and the program may be suspended at any time at the Company’s discretion. As part of the share repurchase program, the Company has entered into, and may continue to enter into, structured share repurchase transactions with financial institutions. These agreements generally require that the Company make an up-front payment in exchange for the right to receive a fixed number of shares of its common stock upon execution of the agreement, with a potential increase or decrease in the number of shares at the end of the term of the agreement. | |
On July 31, 2013, the Company entered into an accelerated share repurchase (“ASR”) agreement with a financial institution to purchase $1.0 billion of the Company’s common stock. In exchange for up-front payments totaling $1.0 billion, the financial institution committed to deliver shares during the ASR’s purchase period, which will end no later than April 8, 2014. The total number of shares ultimately delivered, and therefore the average price paid per share, will be determined at the end of the purchase period based on the volume weighted average price of the Company’s stock during the period. During the third quarter of fiscal year 2013, 14.5 million shares under this ASR program were initially delivered to the Company. This does not represent the final number of shares to be delivered under the ASR. Depending on the average price of the Company’s common stock while the ASR is outstanding, upon the maturity of the ASR, the financial institution may be required to deliver additional shares to the Company or the Company may be required to deliver shares to the financial institution. The up-front payment of $1.0 billion was accounted for as a reduction to stockholders’ equity in the Company’s Consolidated Balance Sheet. | |
The Company reflected the ASR as a repurchase of common stock for purposes of calculating earnings per share and as a forward contract indexed to its own common stock. The forward contract met all of the applicable criteria for equity classification, and therefore, was not accounted for as a derivative instrument. | |
Concurrent with the issuance of the 0.5% Notes due 2020, the Company used approximately $150.0 million of the net proceeds of the 0.5% Notes due 2020 to repurchase 2.2 million shares of its common stock. | |
From inception through December 29, 2013, the Company has repurchased on the open market 30.4 million shares for an aggregate purchase price of $1.82 billion, of which 24.7 million shares for an aggregate purchase price of $1.59 billion, including the ASR, were repurchased during fiscal year 2013. | |
As of December 29, 2013, the remaining authorized spending under the Company’s share repurchase program was $1.93 billion. |
Concentration_of_Risk_and_Segm
Concentration of Risk and Segment Information | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Concentration of Risk and Segment Information [Abstract] | ' | |||||||||||
Concentration Risk Disclosure [Text Block] | ' | |||||||||||
Concentrations of Risk and Segment Information | ||||||||||||
Geographic Information and Major Customers. The Company markets and sells flash memory products in the U.S. and in foreign countries through its sales personnel, dealers, distributors, retailers and subsidiaries. The Company’s Chief Operating Decision Maker, its President and Chief Executive Officer, evaluates performance of the Company and makes decisions regarding allocation of resources based on total Company results. Since the Company operates in one segment, all financial segment information can be found in the accompanying Consolidated Financial Statements. | ||||||||||||
Other than sales in the U.S., China, South Korea and Taiwan, no individual country represented more than 10% of the Company’s revenue. Intercompany sales between geographic areas have been eliminated. | ||||||||||||
Revenue by geographic areas for fiscal years 2013, 2012 and 2011 were as follows (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
United States | $ | 877,759 | $ | 714,293 | $ | 853,830 | ||||||
China | 1,887,207 | 1,195,617 | 872,295 | |||||||||
South Korea | 496,030 | 384,409 | 617,119 | |||||||||
Taiwan | 958,705 | 981,801 | 1,419,836 | |||||||||
Other Asia-Pacific | 867,897 | 905,882 | 987,215 | |||||||||
Europe, Middle East and Africa | 780,079 | 642,494 | 688,538 | |||||||||
Other foreign countries | 302,326 | 228,013 | 223,312 | |||||||||
Total | $ | 6,170,003 | $ | 5,052,509 | $ | 5,662,145 | ||||||
Product revenue from customers is designated based on the geographic location to which the product is delivered. License and royalty revenue is attributed to countries based upon the location of the headquarters of the licensee. | ||||||||||||
Long-lived assets by geographic area were as follows (in thousands): | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
United States | $ | 313,959 | $ | 257,655 | ||||||||
Japan | 553,318 | 661,393 | ||||||||||
China | 299,704 | 350,873 | ||||||||||
Other foreign countries | 47,070 | 38,702 | ||||||||||
Total | $ | 1,214,051 | $ | 1,308,623 | ||||||||
Long-lived assets are attributed to the geographic location in which they are located. The Company includes in long-lived assets property and equipment, long-term equity investments in Flash Ventures and other equity investments, and attributes those investments to the location of the investee’s primary operations. | ||||||||||||
Customer and Supplier Concentrations. A limited number of customers or licensees have accounted for a substantial portion of the Company’s revenue. Revenue from the Company’s top 10 customers or licensees accounted for approximately 49%, 43% and 48% of the Company’s revenue for fiscal years 2013, 2012 and 2011, respectively. In fiscal year 2013 and 2012, Apple Inc. (“Apple”) accounted for 20% and 13% of the Company’s revenue, respectively. In fiscal year 2011, Samsung Electronics Co., Ltd. accounted for 10% of the Company’s revenue. Apple primarily purchases mobile embedded products and solid state drive (“SSD”) products from the Company. | ||||||||||||
All of the Company’s flash memory system products require silicon wafers for the memory and controller components. The Company’s memory wafers are currently supplied almost entirely from Flash Ventures and the controller wafers are all manufactured by third-party subcontractors. The failure of any of these sources to deliver silicon wafers could have a material adverse effect on the Company’s business, financial condition and results of operations. Moreover, the employees of Toshiba Corporation (“Toshiba”) that produce Flash Ventures’ products are covered by collective bargaining agreements and any strike or other job action by those employees could interrupt the Company’s wafer supply from Toshiba’s Yokkaichi, Japan operations. | ||||||||||||
In addition, some key components are purchased from single source vendors for which alternative sources are currently not available. Shortages could occur in these essential materials due to an interruption of supply or increased demand in the industry. If the Company were unable to procure certain of such materials, it could reduce sales, which could have a material adverse effect upon its results of operations. The Company also relies on third-party subcontractors to assemble and test a portion of its products. The Company does not have long-term contracts with some of these subcontractors and cannot directly control product delivery schedules or manufacturing processes. This could lead to product shortages or quality assurance problems that could increase the manufacturing costs of the Company’s products and have material adverse effects on the Company’s operating results. | ||||||||||||
Concentration of Credit Risk. The Company’s concentration of credit risk consists principally of cash, cash equivalents, short and long-term marketable securities and trade receivables. The Company’s investment policy restricts investments to high-credit quality investments and limits the amounts invested with any one issuer. The Company sells to Commercial and Retail customers in the Americas; Europe, Middle East and Africa (“EMEA”); and Asia-Pacific, and performs ongoing credit evaluations of its customers’ financial condition, and generally requires no collateral. As of end of fiscal years 2013 and 2012, the Company’s top 10 customers or licensees accounted for approximately 64% of the Company’s net accounts receivable in each of these fiscal years. As of end of fiscal year 2013, Apple and Best Buy Co., Inc. accounted for 32% and 11% of the Company’s net accounts receivable, respectively. As of the end of fiscal year 2012, Apple accounted for 34% of the Company’s net accounts receivable. | ||||||||||||
Off-Balance Sheet Risk. The Company has off-balance sheet financial obligations. See Note 12, “Commitments, Contingencies and Guarantees.” |
ShareBased_Compensation
Share-Based Compensation | 12 Months Ended | ||||||||||||
Dec. 29, 2013 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||
Share-Based Compensation | ' | ||||||||||||
Stockholders’ Equity and Share-based Compensation | |||||||||||||
Dividends | |||||||||||||
Through December 29, 2013, the Company’s Board of Directors declared the following dividends: | |||||||||||||
Declaration Date | Dividend per Share | Record Date | Total Amount Declared | Payment Date | |||||||||
(In millions) | |||||||||||||
July 30, 2013 | $ | 0.225 | August 12, 2013 | $ | 51.6 | August 30, 2013 | |||||||
October 15, 2013 | 0.225 | November 4, 2013 | 51.5 | November 25, 2013 | |||||||||
No dividends were declared or paid by the Company during the first two quarters of fiscal year 2013. On January 21, 2014, the Company’s Board of Directors declared a dividend of $0.225 per share for holders of record as of February 3, 2014, to be paid on February 24, 2014. Future dividends are subject to declaration by the Company’s Board of Directors. | |||||||||||||
Share-based Benefit Plans | |||||||||||||
2013 Incentive Plan. On June 12, 2013, the Company’s stockholders approved the 2013 Incentive Plan (“2013 Plan”). Shares of the Company’s common stock may be issued under the 2013 Plan pursuant to two separate equity incentive programs: (i) the discretionary grant program under which stock options and stock appreciation rights may be granted to officers and other employees, non-employee board members and independent consultants, and (ii) the stock issuance and cash bonus program under which eligible persons may, at the discretion of the plan administrator, be issued shares of the Company’s common stock pursuant to restricted stock awards, restricted stock units (“RSUs”) or other share-based awards which vest upon the completion of a designated service period or the attainment of pre-established performance milestones, be awarded cash bonus opportunities which are earned through the attainment of pre-established performance milestones, or be issued shares of the Company’s common stock through direct purchase or as a bonus for services rendered to the Company. Options eligible for exercise may be exercised for shares of the Company’s common stock at any time prior to the expiration of the seven-year option term or any earlier termination of those options in connection with the optionee’s cessation of service with the Company. Outstanding RSU awards under the 2013 Plan have dividend equivalent rights which entitle holders of RSUs to the same dividend value per share as holders of common stock. Dividend equivalent rights are subject to the same vesting and other terms and conditions as the corresponding unvested RSUs. Dividend equivalent rights are accumulated and paid when the underlying shares vest. A total of 20,000,000 shares of the Company’s common stock have initially been reserved for issuance under the 2013 Plan. The 2013 Plan share reserve may be increased by up to 10,000,000 shares of common stock to the extent that outstanding share-based awards under the 1995 Stock Option Plan, the 1995 Non-Employee Directors Stock Option Plan, and the 2005 Incentive Plan expire, terminate or lapse, of which 349,675 shares of common stock as of December 29, 2013 had been added to the 2013 Plan share reserve. All options granted under the 2013 Plan are granted with an exercise price equal to the fair market value of the common stock on the date of grant and will expire seven years from the date of grant. | |||||||||||||
2005 Incentive Plan. The 2005 Incentive Plan terminated on June 12, 2013 and no further share-based awards were made under this plan after that date. Share-based awards that were outstanding under this plan on December 29, 2013 continue to be governed by their existing terms. Options eligible for exercise may be exercised for shares of the Company’s common stock at any time prior to the expiration of the seven-year option term or any earlier termination of those options in connection with the optionee’s cessation of service with the Company. Outstanding RSU awards under this plan have dividend equivalent rights which entitle holders of RSUs to the same dividend value per share as holders of common stock. Dividend equivalent rights are subject to the same vesting and other terms and conditions as the corresponding unvested RSUs. | |||||||||||||
1995 Stock Option Plan and 1995 Non-Employee Directors Stock Option Plan. Both of these plans terminated on May 27, 2005 and no further option grants were made under the plans after that date. Options eligible for exercise that were outstanding under these plans on December 29, 2013 continue to be governed by their existing terms and may be exercised for shares of the Company’s common stock at any time prior to the expiration of the ten-year option term or any earlier termination of those options in connection with the optionee’s cessation of service with the Company. | |||||||||||||
2005 Employee Stock Purchase Plan. The 2005 Employee Stock Purchase Plan (“ESPP”) was approved by the stockholders on May 27, 2005. The ESPP allows eligible employees to purchase shares of the Company’s common stock at the end of each six-month offering period at a purchase price equal to 85% of the lower of the fair market value per share on the start date of the offering period or the fair market value per share on the purchase date. The ESPP has 10,000,000 shares reserved for issuance, of which 4,345,666 shares were available to be issued as of December 29, 2013. In fiscal years 2013, 2012 and 2011, a total of 623,887 shares, 684,646 shares and 613,452 shares of common stock, respectively, were issued under this plan. | |||||||||||||
Acquired Plans. In connection with the Company’s acquisitions of SMART Storage, FlashSoft, Pliant, msystems Ltd. and Matrix Semiconductor, Inc., the Company adopted various equity incentive plans, which were effective upon completion of the applicable acquisition. Each of these plans was terminated as of the date of acquisition and no further grants were made under any of these plans after their termination. Any unvested option grants that were outstanding under these plans at December 29, 2013 continue to be governed by their existing terms and may be exercised for shares of the Company’s common stock. Vested options may be exercised for shares of the Company’s common stock at any time prior to the expiration of the option term or any earlier termination of those options in connection with the optionee’s cessation of service with the Company. | |||||||||||||
Accounting for Share-based Compensation Expense | |||||||||||||
For share-based awards expected to vest, compensation cost is based on the grant-date fair value. The Company recognizes compensation expense for the fair values of these awards, which have graded vesting, on a straight-line basis over the requisite service period of each of these awards, net of estimated forfeitures. | |||||||||||||
The Company estimates the fair value of stock options and RSUs granted using the Black-Scholes-Merton option-pricing formula and a single-option award approach. The Company’s expected term represents the period that the Company’s share-based awards are expected to be outstanding and was determined based on historical experience for similar awards, giving consideration to the contractual terms of the share-based awards. The Company’s expected volatility is based on the implied volatility of its traded options. The Company’s dividend yield is based on the annualized dividend and the share price at each dividend record date. The risk-free interest rate is based on the yield from U.S. Treasury zero-coupon bonds with an equivalent term. | |||||||||||||
Valuation Assumptions | |||||||||||||
Option Plan Shares. The fair value of the Company’s stock options granted, excluding unvested stock options assumed through acquisitions, was estimated using the following weighted average assumptions: | |||||||||||||
Fiscal years ended | |||||||||||||
December 29, | December 30, | January 1, | |||||||||||
2013 | 2012 | 2012 | |||||||||||
Dividend yield | 0% - 1.63% | —% | —% | ||||||||||
Expected volatility | 0.37 | 0.43 | 0.43 | ||||||||||
Risk-free interest rate | 0.74% | 0.60% | 1.49% | ||||||||||
Expected term | 4.4 years | 4.3 years | 4.3 years | ||||||||||
Estimated annual forfeiture rate | 8.51% | 8.59% | 8.57% | ||||||||||
Weighted average fair value at grant date | $16.26 | $16.45 | $17.37 | ||||||||||
The fair value of the Company’s RSU awards granted was valued using the closing price of the Company’s stock price on the date of grant. | |||||||||||||
Employee Stock Purchase Plan Shares. The fair value of the Company’s ESPP shares for plans entered into during the fiscal year was estimated using the following weighted average assumptions: | |||||||||||||
Fiscal years ended | |||||||||||||
December 29, | December 30, | January 1, | |||||||||||
2013 | 2012 | 2012 | |||||||||||
Dividend yield | 0% - 1.63% | —% | —% | ||||||||||
Expected volatility | 0.34 | 0.41 | 0.43 | ||||||||||
Risk-free interest rate | 0.11% | 0.15% | 0.13% | ||||||||||
Expected term | ½ year | ½ year | ½ year | ||||||||||
Weighted average fair value at purchase date | $13.08 | $11.87 | $12.17 | ||||||||||
Share-based Compensation Plan Activities | |||||||||||||
Stock Options and SARs. A summary of stock option and stock appreciation rights (“SARs”) activity under all of the Company’s share-based compensation plans as of December 29, 2013 and changes during the three fiscal years ended December 29, 2013 is presented below (in thousands, except for weighted average exercise price and remaining contractual term): | |||||||||||||
Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value | ||||||||||
Options and SARs outstanding at January 2, 2011 | 20,393 | $ | 32.18 | 3.8 | $ | 393,996 | |||||||
Granted | 3,157 | 44.96 | |||||||||||
Exercised | (5,310 | ) | 24.81 | 126,929 | |||||||||
Forfeited | (536 | ) | 29.09 | ||||||||||
Expired | (354 | ) | 51.79 | ||||||||||
Options assumed through acquisition | 209 | 4.35 | |||||||||||
Options and SARs outstanding at January 1, 2012 | 17,559 | 36.55 | 3.4 | 257,251 | |||||||||
Granted | 2,336 | 46.49 | |||||||||||
Exercised | (3,403 | ) | 21.32 | 81,622 | |||||||||
Forfeited | (469 | ) | 38.12 | ||||||||||
Expired | (597 | ) | 53.1 | ||||||||||
Options and SARs outstanding at December 30, 2012 | 15,426 | 40.73 | 3.2 | 109,411 | |||||||||
Granted | 1,142 | 52.69 | |||||||||||
Exercised | (7,362 | ) | 35.53 | 163,992 | |||||||||
Forfeited | (433 | ) | 43.72 | ||||||||||
Expired | (2,363 | ) | 60.7 | ||||||||||
Options assumed through acquisition | 183 | 19.37 | |||||||||||
Options and SARs outstanding at December 29, 2013 | 6,593 | 40.66 | 4.2 | 195,018 | |||||||||
Options and SARs vested and expected to vest after December 29, 2013, net of forfeitures | 6,291 | 40.31 | 4.1 | 188,288 | |||||||||
Options and SARs exercisable at December 29, 2013 | 3,208 | 33.99 | 3.1 | 116,294 | |||||||||
At December 29, 2013, the total unrecognized compensation cost related to stock options, net of estimated forfeitures, was approximately $47.4 million, and this amount is expected to be recognized over a weighted average period of approximately 2.2 years. As of December 29, 2013, the Company had fully expensed all of its SARs awards. | |||||||||||||
Restricted Stock Units. RSUs are settled in shares of the Company’s common stock upon vesting on a one-for-one basis. Typically, vesting of RSUs is subject to the employee’s continuing service to the Company. The cost of these awards is determined using the fair value of the Company’s common stock on the date of grant, and compensation is recognized on a straight-line basis over the requisite vesting period. | |||||||||||||
A summary of the changes in RSUs outstanding under the Company’s share-based compensation plans during the three fiscal years ended December 29, 2013 is presented below (in thousands, except for weighted average grant date fair value): | |||||||||||||
Shares | Weighted Average Grant Date Fair Value | Aggregate Intrinsic Value | |||||||||||
Non-vested share units at January 2, 2011 | 1,244 | $ | 28.64 | $ | 62,007 | ||||||||
Granted | 1,335 | 47.56 | |||||||||||
Vested | (396 | ) | 29.63 | 19,309 | |||||||||
Forfeited | (132 | ) | 37.24 | ||||||||||
Non-vested share units at January 1, 2012 | 2,051 | 40.22 | 100,913 | ||||||||||
Granted | 1,840 | 45.04 | |||||||||||
Vested | (646 | ) | 47.75 | 29,479 | |||||||||
Forfeited | (227 | ) | 42.85 | ||||||||||
Assumed through acquisition | 59 | 46.63 | |||||||||||
Non-vested share units at December 30, 2012 | 3,077 | 43.51 | 131,622 | ||||||||||
Granted | 2,665 | 53.99 | |||||||||||
Vested | (950 | ) | 41.97 | 50,268 | |||||||||
Forfeited | (338 | ) | 46.93 | ||||||||||
Non-vested share units at December 29, 2013 | 4,454 | 49.87 | 221,457 | ||||||||||
At December 29, 2013, the total unrecognized compensation cost related to RSUs, net of estimated forfeitures, was approximately $144.5 million, and this amount is expected to be recognized over a weighted average period of approximately 2.6 years. | |||||||||||||
Employee Stock Purchase Plan. At December 29, 2013, the total unrecognized compensation cost related to ESPP was approximately $0.9 million, and this amount is expected to be recognized over a period of one month. | |||||||||||||
Share-based Compensation Expense. The following tables set forth the detailed allocation of the share-based compensation expense (in thousands): | |||||||||||||
Fiscal years ended | |||||||||||||
December 29, | December 30, | January 1, | |||||||||||
2013 | 2012 | 2012 | |||||||||||
Share-based compensation expense by caption: | |||||||||||||
Cost of revenue | $ | 9,820 | $ | 7,459 | $ | 4,674 | |||||||
Research and development | 51,521 | 41,009 | 34,202 | ||||||||||
Sales and marketing | 19,193 | 14,585 | 10,593 | ||||||||||
General and administrative | 19,222 | 15,390 | 13,641 | ||||||||||
Total share-based compensation expense | 99,756 | 78,443 | 63,110 | ||||||||||
Total tax benefit recognized | (28,183 | ) | (20,122 | ) | (17,008 | ) | |||||||
Decrease in net income | $ | 71,573 | $ | 58,321 | $ | 46,102 | |||||||
Share-based compensation expense by type of award: | |||||||||||||
Stock options and SARs | $ | 32,803 | $ | 35,428 | $ | 33,684 | |||||||
RSUs | 59,962 | 35,260 | 22,355 | ||||||||||
ESPP | 6,991 | 7,755 | 7,071 | ||||||||||
Total share-based compensation expense | 99,756 | 78,443 | 63,110 | ||||||||||
Total tax benefit recognized | (28,183 | ) | (20,122 | ) | (17,008 | ) | |||||||
Decrease in net income | $ | 71,573 | $ | 58,321 | $ | 46,102 | |||||||
Share-based compensation expense of $2.7 million and $1.8 million related to manufacturing personnel was capitalized into inventory as of the end of fiscal years 2013 and 2012, respectively. | |||||||||||||
The total grant date fair value of options and RSUs vested during the three fiscal years ended December 29, 2013 was as follows (in thousands): | |||||||||||||
Fiscal years ended | |||||||||||||
December 29, | December 30, | January 1, | |||||||||||
2013 | 2012 | 2012 | |||||||||||
Fair value of options vested | $ | 36,703 | $ | 37,674 | $ | 33,868 | |||||||
Fair value of RSUs vested | 39,885 | 24,327 | 11,747 | ||||||||||
Total fair value of options and RSUs vested | $ | 76,588 | $ | 62,001 | $ | 45,615 | |||||||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Provision for Income Taxes | ' | |||||||||||
Provision for Income Taxes | ||||||||||||
The provision for income taxes consists of the following (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
Current: | ||||||||||||
Federal | $ | 359,012 | $ | 74,258 | $ | 447,126 | ||||||
State | 9,972 | (824 | ) | 12,708 | ||||||||
Foreign | 103,981 | 101,710 | 104,760 | |||||||||
472,965 | 175,144 | 564,594 | ||||||||||
Deferred: | ||||||||||||
Federal | 27,328 | 45,383 | (60,934 | ) | ||||||||
State | 2,645 | 1,634 | (49 | ) | ||||||||
Foreign | (29,446 | ) | (12,649 | ) | (13,847 | ) | ||||||
527 | 34,368 | (74,830 | ) | |||||||||
Provision for income taxes | $ | 473,492 | $ | 209,512 | $ | 489,764 | ||||||
Income before provision for income taxes consisted of the following (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
United States | $ | 1,436,470 | $ | 518,509 | $ | 1,242,529 | ||||||
International | 79,679 | 108,407 | 234,225 | |||||||||
Total | $ | 1,516,149 | $ | 626,916 | $ | 1,476,754 | ||||||
The Company’s provision for income taxes differs from the amount computed by applying the federal statutory rates to income before taxes as follows: | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
U.S. federal statutory rate | 35 | % | 35 | % | 35 | % | ||||||
State taxes, net of federal benefit | 0.6 | (0.3 | ) | 0.5 | ||||||||
Non-deductible share-based compensation expense | 0.5 | 1.3 | 0.4 | |||||||||
Valuation allowance | (0.1 | ) | 0.2 | 0.4 | ||||||||
Tax-exempt interest income | (0.7 | ) | (1.9 | ) | (0.9 | ) | ||||||
Foreign earnings at other than U.S. rates | (2.9 | ) | (1.2 | ) | (1.8 | ) | ||||||
Other | (1.2 | ) | 0.3 | (0.4 | ) | |||||||
Effective income tax rates | 31.2 | % | 33.4 | % | 33.2 | % | ||||||
The Company’s earnings and taxes resulting from foreign operations are largely attributable to its Irish, Chinese, Israeli and Japanese entities. | ||||||||||||
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax return reporting purposes. Significant components of the Company’s net deferred tax assets were as follows (in thousands): | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets: | ||||||||||||
Deferred income on shipments to distributors and retailers and deferred revenue recognized for tax purposes | $ | 68,117 | $ | 46,679 | ||||||||
Accruals and reserves not currently deductible | 63,236 | 51,636 | ||||||||||
Depreciation and amortization not currently deductible | 81,245 | 54,474 | ||||||||||
Deductible share-based compensation | 28,684 | 61,014 | ||||||||||
Unrealized loss on investments | 13,620 | 9,879 | ||||||||||
Unrealized foreign exchange loss | 8,061 | 45,122 | ||||||||||
Net operating loss carryforwards | 36,422 | 40,092 | ||||||||||
Tax credit carryforwards | 37,905 | 25,187 | ||||||||||
Other | 24,667 | 22,218 | ||||||||||
Gross deferred tax assets | 361,957 | 356,301 | ||||||||||
Valuation allowance | (52,105 | ) | (37,259 | ) | ||||||||
Deferred tax assets, net of valuation allowance | 309,852 | 319,042 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Acquired intangible assets | (2,701 | ) | (3,820 | ) | ||||||||
Unrealized gain on investments | (5,939 | ) | (9,324 | ) | ||||||||
Unrealized foreign exchange gain | (3,127 | ) | (43,327 | ) | ||||||||
U.S. taxes provided on unremitted earnings of foreign subsidiaries | (28,844 | ) | (28,844 | ) | ||||||||
Total deferred tax liabilities | (40,611 | ) | (85,315 | ) | ||||||||
Net deferred tax assets | $ | 269,241 | $ | 233,727 | ||||||||
The Company assesses its valuation allowance recorded against deferred tax assets on a regular and periodic basis. The assessment of valuation allowance against deferred tax assets requires estimations and significant judgment. The Company continues to assess and adjust its valuation allowance based on operating results and market conditions. During fiscal years 2013, 2012 and 2011, based on weighing both the positive and negative evidence available, including but not limited to, earnings history, projected future outcomes, industry and market trends and the nature of each of the deferred tax assets, the Company determined that it is able to realize most of its deferred tax assets with the exception of certain loss and credit carryforwards. | ||||||||||||
The Company has federal and state net operating loss carryforwards of $86.4 million and $136.2 million, respectively. The net operating losses will begin to expire in fiscal year 2014 if not utilized. The Company also has California research credit carryforwards of $54.9 million. California research credits can be carried forward to future years indefinitely. Some of these carryforwards are subject to annual limitations, including under Section 382 and Section 383 of the U.S. Internal Revenue Code of 1986, as amended, for U.S. tax purposes and similar state provisions. | ||||||||||||
The Company provides for U.S. income taxes on the earnings of foreign subsidiaries unless the earnings are considered indefinitely invested outside of the U.S. No provision has been made for U.S. income taxes or foreign withholding taxes on $752.2 million of cumulative unremitted earnings of certain foreign subsidiaries as of December 29, 2013, since the Company intends to indefinitely reinvest these earnings outside the U.S. The Company determined that the calculation of the amount of unrecognized deferred tax liability related to these cumulative unremitted earnings was not practicable. If these earnings were distributed to the Company’s U.S. entity, the Company would be subject to additional U.S. income taxes and foreign withholding taxes would be reduced by available foreign tax credits. | ||||||||||||
The tax benefit from share-based plans was applied to capital in excess of par value in the amount of $0.6 million, $11.7 million and $20.5 million in fiscal years 2013, 2012 and 2011, respectively. | ||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): | ||||||||||||
Balance at January 1, 2012 | $ | 185,826 | ||||||||||
Additions: | ||||||||||||
Tax positions related to current year | 8,164 | |||||||||||
Tax positions related to prior years | 942 | |||||||||||
Reductions: | ||||||||||||
Tax positions related to prior years | (7,186 | ) | ||||||||||
Expiration of statute of limitations | (2,003 | ) | ||||||||||
Foreign currency translation adjustment | (6,221 | ) | ||||||||||
Balance at December 30, 2012 | 179,522 | |||||||||||
Additions: | ||||||||||||
Tax positions related to current year | 8,255 | |||||||||||
Tax positions related to prior years | 15,938 | |||||||||||
Reductions: | ||||||||||||
Tax positions related to prior years | (1,737 | ) | ||||||||||
Expiration of statute of limitations | (7,419 | ) | ||||||||||
Foreign currency translation adjustment | (9,309 | ) | ||||||||||
Balance at December 29, 2013 | $ | 185,250 | ||||||||||
The total amount of unrecognized tax benefits that would impact the effective tax rate, if recognized, is $92.1 million at December 29, 2013. The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. Accrued interest and penalties included in the Company’s liability related to unrecognized tax benefits at December 29, 2013 and December 30, 2012 was $32.7 million and $32.2 million, respectively. Interest and penalties, net, included in the Company’s tax expense was $2.2 million, $2.9 million and $3.2 million for fiscal years 2013, 2012 and 2011, respectively. | ||||||||||||
It is reasonably possible that the unrecognized tax benefits could decrease by approximately $10.2 million within the next 12 months as a result of the expiration of statutes of limitation. The Company is currently under audit by several tax authorities. Because timing of the resolution and/or closure of these audits is highly uncertain it is not possible to estimate other changes to the amount of unrecognized tax benefits for positions existing at December 29, 2013. | ||||||||||||
The Company is subject to U.S. federal income tax as well as income taxes in multiple state and foreign jurisdictions. In February 2012, the Internal Revenue Service (“IRS”) completed its field audit of the Company’s federal income tax returns for the years 2005 through 2008 and issued the Revenue Agent’s Report. The most significant proposed adjustments are comprised of related party transactions between the Company’s U.S. parent entity and its foreign subsidiaries. The Company is contesting these adjustments through the IRS Appeals Office and cannot predict when a resolution will be reached. | ||||||||||||
The Company strongly believes the IRS’s position regarding the intercompany transactions is inconsistent with applicable tax laws, judicial precedents and existing Treasury regulations, and that the Company’s previously reported income tax provisions for the years in question are appropriate. The Company believes that an adequate provision has been made for the adjustments from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company’s tax audits are resolved in a manner that is not consistent with management’s expectations, the Company could be required to adjust its provision for income tax in the period such resolution occurs. | ||||||||||||
The IRS recently initiated an examination of the Company’s federal income tax returns for fiscal years 2009 through 2011. The Company does not expect a resolution of this audit to be reached during the next twelve months. In addition, the Company is currently under audit by various state and international tax authorities. The Company cannot reasonably estimate the outcome of these examinations, or provide assurance that the outcome of these examinations will not materially harm the Company’s financial position, results of operations or liquidity. |
Net_Income_Per_Share
Net Income Per Share | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Net Income Per Share | ' | |||||||||||
Net Income per Share | ||||||||||||
The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
Numerator for basic net income per share: | ||||||||||||
Net income | $ | 1,042,657 | $ | 417,404 | $ | 986,990 | ||||||
Denominator for basic net income per share: | ||||||||||||
Weighted average common shares outstanding | 234,886 | 242,076 | 239,484 | |||||||||
Basic net income per share | $ | 4.44 | $ | 1.72 | $ | 4.12 | ||||||
Numerator for diluted net income per share: | ||||||||||||
Net income | $ | 1,042,657 | $ | 417,404 | $ | 986,990 | ||||||
Denominator for diluted net income per share: | ||||||||||||
Weighted average common shares outstanding | 234,886 | 242,076 | 239,484 | |||||||||
Incremental common shares attributable to exercise of outstanding employee stock options, SARs and ESPP (assuming proceeds would be used to purchase common stock), and RSUs | 3,263 | 3,177 | 5,069 | |||||||||
1.5% Notes due 2017 | 2,087 | — | — | |||||||||
Shares used in computing diluted net income per share | 240,236 | 245,253 | 244,553 | |||||||||
Diluted net income per share | $ | 4.34 | $ | 1.7 | $ | 4.04 | ||||||
Anti-dilutive shares excluded from net income per share calculation | 53,485 | 70,309 | 68,079 | |||||||||
Basic earnings per share exclude any dilutive effects of stock options, SARs, RSUs, warrants and convertible debt. Diluted earnings per share include the dilutive effects of stock options, SARs, RSUs, ESPP and the 1.5% Notes due 2017. Certain common stock issuable under stock options, SARs, RSUs, warrants and the 0.5% Notes due 2020 has been omitted from the current year diluted net income per share calculation because the inclusion is considered anti-dilutive. Certain common stock issuable under stock options, SARs, RSUs, warrants, the 1% Notes due 2013 and the 1.5% Notes due 2017 has been omitted from the prior year diluted net income per share calculation because the inclusion is considered anti-dilutive. |
Commitments_Contingencies_and_
Commitments, Contingencies and Guarantees | 12 Months Ended | ||||||||||||||||||||
Dec. 29, 2013 | |||||||||||||||||||||
Commitments Contingencies and Guarantees [Abstract] | ' | ||||||||||||||||||||
Commitments, Contingencies and Guarantees | ' | ||||||||||||||||||||
Commitments, Contingencies and Guarantees | |||||||||||||||||||||
Flash Ventures | |||||||||||||||||||||
Flash Ventures, the Company’s business ventures with Toshiba, consists of three separate legal entities: Flash Partners Ltd., Flash Alliance Ltd. and Flash Forward Ltd. The Company has a 49.9% ownership interest in each of these entities and Toshiba owns 50.1% of each of these entities. Through these ventures, the Company and Toshiba have collaborated in the development and manufacture of NAND flash memory products which are manufactured by Toshiba at its wafer fabrication facility located in Yokkaichi, Japan, using semiconductor manufacturing equipment owned or leased by Flash Ventures. The Flash Ventures purchase wafers from Toshiba at cost and then resell those wafers to the Company and Toshiba at cost plus a markup. The Company accounts for its 49.9% ownership position in each Flash Ventures entity under the equity method of accounting. The Company is committed to purchase its provided three-month forecast of Flash Ventures’ NAND wafer supply, which generally equals 50% of Flash Ventures’ output. The Company is not able to estimate its total wafer purchase commitment obligation beyond its rolling three-month purchase commitment because the price is determined by reference to the future cost of producing the semiconductor wafers. In addition, the Company is committed to fund 49.9% of Flash Ventures’ costs to the extent that Flash Ventures’ revenue from wafer sales to the Company and Toshiba are insufficient to cover these costs. | |||||||||||||||||||||
Flash Partners. Flash Partners Ltd. (“Flash Partners”) was formed in fiscal year 2004. NAND flash memory products provided to the Company by this venture are manufactured by Toshiba at its 300-millimeter wafer fabrication facility (“Fab 3”) located in Yokkaichi, Japan. As of December 29, 2013, the Company had notes receivable from Flash Partners of $100.1 million, denominated in Japanese yen. These notes are secured by the equipment purchased by Flash Partners with the note proceeds. The Company also has guarantee obligations to Flash Partners; see “Off-Balance Sheet Liabilities.” At December 29, 2013 and December 30, 2012, the Company had an equity investment in Flash Partners of $190.7 million and $232.5 million, respectively, denominated in Japanese yen, offset by $17.3 million and $59.3 million, respectively, of cumulative translation adjustments recorded in AOCI. In the fiscal years ended December 29, 2013, December 30, 2012 and January 1, 2012, the Company recorded a basis adjustment of $1.2 million, $3.0 million and $5.3 million, respectively, to its equity in earnings from Flash Partners related to the difference between the basis in the Company’s equity investment compared to the historical basis of the assets recorded by Flash Partners. Flash Partners’ share of the Fab 3 fabrication facility is fully equipped. | |||||||||||||||||||||
Flash Alliance. Flash Alliance Ltd. (“Flash Alliance”) was formed in fiscal year 2006. NAND flash memory products provided to the Company by this venture are manufactured by Toshiba at its 300-millimeter wafer fabrication facility (“Fab 4”) located in Yokkaichi, Japan. As of December 29, 2013, the Company had notes receivable from Flash Alliance of $324.0 million, denominated in Japanese yen. These notes are secured by the equipment purchased by Flash Alliance with the note proceeds. The Company also has guarantee obligations to Flash Alliance; see “Off-Balance Sheet Liabilities.” At December 29, 2013 and December 30, 2012, the Company had an equity investment in Flash Alliance of $284.0 million and $342.0 million, respectively, denominated in Japanese yen, offset by ($8.7) million and $53.7 million, respectively, of cumulative translation adjustments recorded in AOCI. In the fiscal years ended December 29, 2013, December 30, 2012 and January 1, 2012, the Company recorded a basis adjustment of $6.5 million, $15.2 million and $24.5 million, respectively, to its equity earnings from Flash Alliance related to the difference between the basis in the Company’s equity investment compared to the historical basis of the assets recorded by Flash Alliance. Flash Alliance’s share of the Fab 4 fabrication facility is fully equipped. | |||||||||||||||||||||
Flash Forward. Flash Forward Ltd. (“Flash Forward”) was formed in fiscal year 2010. NAND flash memory products provided to the Company by this venture are manufactured by Toshiba at its 300-millimeter wafer fabrication facility (“Fab 5”) located in Yokkaichi, Japan. Fab 5 is to be built in two phases. As of December 29, 2013, over half of the Phase 1 building has been equipped with wafer capacity or equipment required to enable technology transition of the Flash Ventures’ wafer capacity. The Company regularly seeks to enhance wafer output through productivity improvements. In addition to what it may obtain through these improvements, the Company is currently evaluating the timing of a limited increase in wafer capacity in Flash Forward in fiscal year 2014. The Company and Toshiba each retain some flexibility as to the extent and timing of each party’s respective fab capacity ramps. Construction of the Phase 2 shell of the Fab 5 wafer fabrication facility is underway with expected completion in mid-2014. The Phase 2 shell is currently intended to be used primarily for technology transition of the existing Flash Ventures wafer capacity to 1Y‑nanometer and 1Z‑nanometer technology nodes and for a 3‑dimensional NAND (“3D NAND”) pilot line. | |||||||||||||||||||||
As of December 29, 2013, the Company had notes receivable from Flash Forward of $169.1 million, denominated in Japanese yen. These notes are secured by the equipment purchased by Flash Forward with the note proceeds. The Company also has guarantee obligations to Flash Forward; see “Off-Balance Sheet Liabilities.” At December 29, 2013 and December 30, 2012, the Company had an equity investment in Flash Forward of $66.7 million and $65.7 million, respectively, denominated in Japanese yen, offset by ($16.2) million and ($3.7) million, respectively, of cumulative translation adjustments recorded in AOCI. | |||||||||||||||||||||
Inventory Purchase Commitments with Flash Ventures. Purchase orders placed under Flash Ventures for up to three months are binding and cannot be canceled. These outstanding purchase commitments are included as part of the total “Noncancelable production purchase commitments” in the “Contractual Obligations” table. | |||||||||||||||||||||
Other Arrangements and Activities | |||||||||||||||||||||
Research and Development Activities. The Company participates in common R&D activities with Toshiba and is contractually committed to a minimum funding level. | |||||||||||||||||||||
Toshiba Foundry. In the first quarter of fiscal year 2013, the Company concluded its foundry arrangement with Toshiba. | |||||||||||||||||||||
Other Silicon Sources. The Company’s contracts with its other sources of silicon wafers generally require the Company to provide monthly purchase order commitments. The purchase orders placed under these arrangements are generally binding and cannot be canceled. These outstanding purchase commitments for other sources of silicon wafers are included as part of the total “Noncancelable production purchase commitments” in the “Contractual Obligations” table. | |||||||||||||||||||||
Subcontractors. In the normal course of business, the Company’s subcontractors periodically procure production materials based on the forecast the Company provides to them. The Company’s agreements with these subcontractors require that the Company reimburse them for materials that are purchased on the Company’s behalf in accordance with such forecast. Accordingly, the Company may be committed to certain costs over and above its open noncancelable purchase orders with these subcontractors. These commitments for production materials to subcontractors are included as part of the total “Noncancelable production purchase commitments” in the “Contractual Obligations” table. | |||||||||||||||||||||
Off-Balance Sheet Liabilities | |||||||||||||||||||||
Flash Ventures. The Flash Ventures sell and lease back from a consortium of financial institutions (“lessors”) a portion of their tools and have entered into equipment master lease agreements totaling 162.6 billion Japanese yen, or approximately $1.55 billion based upon the exchange rate at December 29, 2013. As of December 29, 2013, the total amount outstanding from these master leases was 103.2 billion Japanese yen, or approximately $983 million based upon the exchange rate at December 29, 2013, of which the amount of the Company’s guarantee obligation of the Flash Ventures’ master lease agreements, which reflects future payments and any lease adjustments, was 51.6 billion Japanese yen, or approximately $492 million based upon the exchange rate at December 29, 2013. | |||||||||||||||||||||
The master lease agreements contain customary covenants for Japanese lease facilities. In addition to containing customary events of default related to Flash Ventures that could result in an acceleration of Flash Ventures’ obligations, the master lease agreements contain an acceleration clause for certain events of default related to the Company as guarantor, including, among other things, the Company’s failure to maintain a minimum stockholders’ equity of at least $1.51 billion. As of December 29, 2013, Flash Ventures was in compliance with all of its master lease covenants, including the shareholder equity covenant with our stockholders’ equity at $6.97 billion as of December 29, 2013. If the Company’s stockholders’ equity falls below $1.51 billion, or other events of default occur, Flash Ventures would become non-compliant under its master equipment lease agreements and would be required to negotiate a resolution to the non-compliance to avoid acceleration of the obligations under such agreements. Such resolution could include, among other things, supplementary security to be supplied by the Company, as guarantor, or increased interest rates or waiver fees, should the lessors decide they need additional collateral or financial consideration under the circumstances. If a non-compliance event were to occur and if the Company failed to reach a resolution, the Company could be required to pay a portion or the entire outstanding lease obligations covered by its guarantees under such Flash Ventures master lease agreements. | |||||||||||||||||||||
The following table details the Company’s portion of the remaining guarantee obligations under each of Flash Ventures’ master lease facilities (both original and refinanced leases) in both Japanese yen (in billions) and U.S. dollar (in thousands) equivalent based upon the exchange rate at December 29, 2013. | |||||||||||||||||||||
Master Lease Agreements by Execution Date | Lease Type | Lease Amounts | Expiration | ||||||||||||||||||
(Japanese yen) | (U.S. dollar) | ||||||||||||||||||||
Flash Partners | |||||||||||||||||||||
April 2010 | Refinanced | ¥ | 1 | $ | 9,675 | 2014 | |||||||||||||||
January 2011 | Refinanced | 1.7 | 15,768 | 2014 | |||||||||||||||||
Nov-11 | Refinanced | 4.5 | 42,640 | 2014 | |||||||||||||||||
Mar-12 | Refinanced | 3.2 | 30,917 | 2015 | |||||||||||||||||
10.4 | 99,000 | ||||||||||||||||||||
Flash Alliance | |||||||||||||||||||||
Mar-12 | Original | 7.1 | 67,633 | 2017 | |||||||||||||||||
Jul-12 | Refinanced | 13.4 | 127,945 | 2017 | |||||||||||||||||
20.5 | 195,578 | ||||||||||||||||||||
Flash Forward | |||||||||||||||||||||
Nov-11 | Original | 11.1 | 105,320 | 2016 | |||||||||||||||||
Mar-12 | Original | 7 | 66,470 | 2017 | |||||||||||||||||
Jul-12 | Original | 2.6 | 25,189 | 2017 | |||||||||||||||||
20.7 | 196,979 | ||||||||||||||||||||
Total guarantee obligations | ¥ | 51.6 | $ | 491,557 | |||||||||||||||||
The following table details the breakdown of the Company’s remaining guarantee obligations between the principal amortization and the purchase option exercise price at the end of the term of the master lease agreements, in annual installments as of December 29, 2013 in U.S. dollars based upon the yen/dollar exchange rate at December 29, 2013 (in thousands). | |||||||||||||||||||||
Annual Installments | Payment of Principal Amortization | Purchase Option Exercise Price at Final Lease Terms | Guarantee Amount | ||||||||||||||||||
Year 1 | $ | 148,038 | $ | 42,233 | $ | 190,271 | |||||||||||||||
Year 2 | 103,858 | 17,319 | 121,177 | ||||||||||||||||||
Year 3 | 71,348 | 11,748 | 83,096 | ||||||||||||||||||
Year 4 | 28,696 | 66,716 | 95,412 | ||||||||||||||||||
Year 5 | 1,601 | — | 1,601 | ||||||||||||||||||
Total guarantee obligations | $ | 353,541 | $ | 138,016 | $ | 491,557 | |||||||||||||||
Guarantees | |||||||||||||||||||||
Indemnification Agreements. The Company has agreed to indemnify suppliers and customers for alleged intellectual property infringement. The scope of such indemnity varies, but may, in some instances, include indemnification for damages and expenses, including attorneys’ fees. The Company may periodically engage in litigation as a result of these indemnification obligations. The Company’s insurance policies exclude coverage for third-party claims for patent infringement. Although the liability is not remote, the nature of the patent infringement indemnification obligations prevents the Company from making a reasonable estimate of the maximum potential amount it could be required to pay to its suppliers and customers. Historically, the Company has not made any significant indemnification payments under any such agreements. As of December 29, 2013, no amounts had been accrued in the accompanying Consolidated Financial Statements with respect to these indemnification guarantees. | |||||||||||||||||||||
As permitted under Delaware law and the Company’s certificate of incorporation and bylaws, the Company has agreements, or has assumed agreements in connection with its acquisitions, whereby it indemnifies certain of its officers and employees, and each of its directors for certain events or occurrences while the officer, employee or director is, or was, serving at the Company’s or the acquired company’s request in such capacity. The term of the indemnification period is for the officer’s, employee’s or director’s lifetime. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is generally unlimited; however, the Company has a Director and Officer insurance policy that may reduce its exposure and enable it to recover all or a portion of any future amounts paid. As a result of its insurance coverage, the Company believes the estimated fair value of these indemnification agreements is minimal. The Company has no liabilities recorded for these agreements as of December 29, 2013 or December 30, 2012, as these liabilities are not reasonably estimable even though liabilities under these agreements are not remote. | |||||||||||||||||||||
The Company and Toshiba have agreed to mutually contribute to, and indemnify each other and Flash Ventures for, environmental remediation costs or liability resulting from Flash Ventures’ manufacturing operations in certain circumstances. The Company and Toshiba have also entered into a Patent Indemnification Agreement under which, in many cases, the Company will share in the expenses associated with the defense and cost of settlement associated with such claims. This agreement provides limited protection for the Company against third-party claims that NAND flash memory products manufactured and sold by Flash Ventures infringe third-party patents. The Company has not made any indemnification payments under any such agreements. As of December 29, 2013, no amounts have been accrued in the accompanying Consolidated Financial Statements with respect to these indemnification guarantees. | |||||||||||||||||||||
Contractual Obligations and Off-Balance Sheet Arrangements | |||||||||||||||||||||
The following tables summarize the Company’s contractual cash obligations, commitments and off-balance sheet arrangements at December 29, 2013, and the effect such obligations are expected to have on its liquidity and cash flows in future periods. | |||||||||||||||||||||
Contractual Obligations. Contractual cash obligations and commitments as of December 29, 2013 are as follows (in thousands): | |||||||||||||||||||||
Total | 1 Year (Fiscal 2014) | 2 – 3 Years (Fiscal 2015 and 2016) | 4 – 5 Years (Fiscal 2017 and 2018) | More than 5 Years (Beyond Fiscal 2018) | |||||||||||||||||
Facility and other operating leases | $ | 17,230 | (5) | $ | 7,177 | $ | 8,067 | $ | 1,909 | $ | 77 | ||||||||||
Flash Partners (1) | 378,021 | (5)(6) | 147,448 | 160,581 | 66,670 | 3,322 | |||||||||||||||
Flash Alliance (1) | 1,616,360 | (5)(6) | 683,292 | 583,158 | 313,211 | 36,699 | |||||||||||||||
Flash Forward (1) | 894,567 | (5)(6) | 391,188 | 321,920 | 157,504 | 23,955 | |||||||||||||||
Toshiba research and development | 54,042 | (5) | 39,042 | 15,000 | — | — | |||||||||||||||
Capital equipment purchase commitments | 29,980 | 21,790 | 8,187 | 3 | — | ||||||||||||||||
1.5% Convertible senior notes principal and interest (2) | 1,060,000 | 15,000 | 30,000 | 1,015,000 | — | ||||||||||||||||
0.5% Convertible senior notes principal and interest (3) | 1,552,250 | 7,250 | 15,000 | 15,000 | 1,515,000 | ||||||||||||||||
Operating expense commitments | 32,659 | 30,340 | 2,319 | — | — | ||||||||||||||||
Noncancelable production purchase commitments (4) | 233,976 | (5) | 233,976 | — | — | — | |||||||||||||||
Total contractual cash obligations | $ | 5,869,085 | $ | 1,576,503 | $ | 1,144,232 | $ | 1,569,297 | $ | 1,579,053 | |||||||||||
(1) | Includes reimbursement for depreciation and lease payments on owned and committed equipment, funding commitments for loans and equity investments and reimbursement for other committed expenses. Funding commitments assume no additional operating lease guarantees; new operating lease guarantees can reduce funding commitments. | ||||||||||||||||||||
(2) | In August 2010, the Company issued and sold $1.0 billion in aggregate principal amount of 1.5% Notes due 2017. The Company will pay cash interest on the outstanding notes at an annual rate of 1.5%, payable semi-annually on August 15 and February 15 of each year until August 15, 2017. | ||||||||||||||||||||
(3) | In October 2013, the Company issued and sold $1.5 billion in aggregate principal amount of 0.5% Notes due 2020. The Company will pay cash interest on the outstanding notes at an annual rate of 0.5%, payable semi-annually on April 15 and October 15 of each year until October 15, 2020. | ||||||||||||||||||||
(4) | Includes Flash Ventures, related party vendors and other silicon source vendor purchase commitments. | ||||||||||||||||||||
(5) | Includes amounts denominated in a currency other than the U.S. dollar, which are subject to fluctuation in exchange rates prior to payment and have been translated using the exchange rate at December 29, 2013. | ||||||||||||||||||||
(6) | Excludes amounts related to the master lease agreements’ purchase option exercise price at final lease term. | ||||||||||||||||||||
The Company has excluded $205.3 million of unrecognized tax benefits (which includes penalties and interest) from the contractual obligation table above due to the uncertainty with respect to the timing of associated future cash flows at December 29, 2013. The Company is unable to make reasonably reliable estimates of the period of cash settlement with the respective taxing authorities. | |||||||||||||||||||||
Off-Balance Sheet Arrangements. Off-balance sheet arrangements are as follows (in thousands): | |||||||||||||||||||||
December 29, | |||||||||||||||||||||
2013 | |||||||||||||||||||||
Guarantee of Flash Ventures equipment leases (1) | $ | 491,557 | |||||||||||||||||||
(1) | The Company’s guarantee obligation, net of cumulative lease payments, was 51.6 billion Japanese yen, or approximately $492 million based upon the exchange rate at December 29, 2013. | ||||||||||||||||||||
The Company leases many of its office facilities and operating equipment for various terms under long-term, noncancelable operating lease agreements. The leases expire at various dates from fiscal year 2014 through fiscal year 2019. Future minimum lease payments are presented below (in thousands): | |||||||||||||||||||||
Future minimum lease payments | |||||||||||||||||||||
Fiscal year: | |||||||||||||||||||||
2014 | $ | 7,717 | |||||||||||||||||||
2015 | 6,083 | ||||||||||||||||||||
2016 | 2,695 | ||||||||||||||||||||
2017 | 1,370 | ||||||||||||||||||||
2018 | 539 | ||||||||||||||||||||
2019 | 77 | ||||||||||||||||||||
18,481 | |||||||||||||||||||||
Sublease income to be received in the future under noncancelable subleases | (1,251 | ) | |||||||||||||||||||
Net operating leases | $ | 17,230 | |||||||||||||||||||
Net rent expense was as follows (in thousands): | |||||||||||||||||||||
Fiscal years ended | |||||||||||||||||||||
December 29, | December 30, | January 1, | |||||||||||||||||||
2013 | 2012 | 2012 | |||||||||||||||||||
Rent expense, net | $ | 6,473 | $ | 6,366 | $ | 7,926 | |||||||||||||||
Related_Parties_and_Strategic_
Related Parties and Strategic Investments | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Related Party Transactions [Abstract] | ' | |||||||||||
Related Parties and Strategic Investments | ' | |||||||||||
Related Parties and Strategic Investments | ||||||||||||
Flash Ventures with Toshiba. The Company owns 49.9% of each entity within Flash Ventures and accounts for its ownership position under the equity method of accounting. The Company’s obligations with respect to the Flash Ventures master lease agreements, take-or-pay supply arrangements and R&D cost sharing are described in Note 12, “Commitments, Contingencies and Guarantees.” The financial and other support provided by the Company in all periods presented was either contractually required or the result of a joint decision to expand wafer capacity, transition to new technologies or refinance existing equipment lease commitments. Flash Ventures are variable interest entities (“VIEs”). The Company evaluated whether it is the primary beneficiary of any of the entities within Flash Ventures for all periods presented and determined that it is not the primary beneficiary of any of the entities within Flash Ventures because it does not have a controlling financial interest in any of those entities. In determining whether the Company is the primary beneficiary, the Company analyzed the primary purpose and design of Flash Ventures, the activities that most significantly impact Flash Ventures’ economic performance, and whether the Company had the power to direct those activities. The Company concluded based upon its 49.9% ownership in Flash Ventures, the voting structure of Flash Ventures and the manner in which the day-to-day operations of Flash Ventures are conducted that the Company lacked the power to direct most of the activities that most significantly impact Flash Ventures’ economic performance. | ||||||||||||
The Company purchased NAND flash memory wafers from Flash Ventures and made prepayments, investments and loans to Flash Ventures totaling $1.87 billion, $2.71 billion and $2.95 billion during fiscal years 2013, 2012 and 2011, respectively. The Company received loan repayments from Flash Ventures of $124.8 million, $511.3 million and $416.3 million during fiscal years 2013, 2012 and 2011, respectively. At December 29, 2013 and December 30, 2012, the Company had accounts payable balances due to Flash Ventures of $146.0 million and $214.5 million, respectively. | ||||||||||||
The Company’s maximum reasonably estimable loss exposure (excluding lost profits), based upon the exchange rate at each respective balance sheet date, as a result of its involvement with Flash Ventures is presented below (in millions). The Flash Venture investments are denominated in Japanese yen and the maximum possible loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar. | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
Notes receivable | $ | 593 | $ | 820 | ||||||||
Equity investments | 541 | 640 | ||||||||||
Operating lease guarantees | 492 | 926 | ||||||||||
Prepayments | 5 | 26 | ||||||||||
Maximum loss exposure | $ | 1,631 | $ | 2,412 | ||||||||
At December 29, 2013 and December 30, 2012, the Company’s retained earnings included approximately $8.1 million and ($0.6) million, respectively, of undistributed earnings (deficit) of Flash Ventures. | ||||||||||||
The following summarizes the aggregated financial information for Flash Ventures, which includes both the Company and Toshiba’s portions (in millions). | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
(Unaudited) | ||||||||||||
Current assets | $ | 631 | $ | 683 | ||||||||
Property, plant, equipment and other assets | 2,802 | 2,902 | ||||||||||
Total assets | $ | 3,433 | $ | 3,585 | ||||||||
Current liabilities | $ | 1,144 | $ | 653 | ||||||||
Long-term liabilities | 1,186 | 1,640 | ||||||||||
The following summarizes the aggregated financial information for Flash Ventures, which includes both the Company and Toshiba’s portions, for fiscal years 2013, 2012 and 2011, respectively (in millions). Flash Ventures’ year-ends are March 31, with quarters ending on March 31, June 30, September 30 and December 31. | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
(Unaudited) | ||||||||||||
Net sales(1) | $ | 3,589 | $ | 4,787 | $ | 4,577 | ||||||
Gross profit (loss) | 31 | 8 | (2 | ) | ||||||||
Net income (loss) | 28 | (15 | ) | 5 | ||||||||
(1) | Net sales represent sales to both the Company and Toshiba. | |||||||||||
Solid State Storage Solutions, Inc. Solid State Storage Solutions, Inc. (“S4”) is a venture with third parties to license intellectual property. S4 qualifies as a variable interest entity. The Company is considered the primary beneficiary of S4 and the Company consolidates S4 in its Consolidated Financial Statements for all periods presented. The Company considered multiple factors in determining it was the primary beneficiary, including its overall involvement with the venture, contributions and participation in operating activities. S4’s assets and liabilities were not material to the Company’s Consolidated Balance Sheets as of December 29, 2013 and December 30, 2012. |
Stockholders_Rights_Plan
Stockholders Rights Plan | 12 Months Ended |
Dec. 29, 2013 | |
Stockholders Rights Plan [Abstract] | ' |
Stockholders Rights Plan [Text Block] | ' |
Stockholders’ Rights Plan | |
On September 15, 2003, the Company amended its existing stockholder rights plan to terminate the rights issued under that rights plan, and the Company adopted a new rights plan. Under the new rights plan, rights were distributed as a dividend at the rate of one right for each share of common stock of the Company held by stockholders of record as of the close of business on September 25, 2003. In November 2006, the Company extended the term of the rights plan, such that the rights will expire on April 28, 2017 unless redeemed or exchanged. Under the new rights agreement and after giving effect to the Company’s stock dividend effected on February 18, 2004, each right will, under the circumstances described below, entitle the registered holder to buy one (1) two-hundredths of a share of Series A Junior Participating Preferred Stock for $225.00. The rights will become exercisable only if a person or group acquires beneficial ownership of 15% or more of the Company’s common stock or commences a tender offer or exchange offer upon consummation of which such person or group would beneficially own 15% or more of the Company’s common stock. |
Business_Acquisition
Business Acquisition | 12 Months Ended | |||
Dec. 29, 2013 | ||||
Business Combinations [Abstract] | ' | |||
Business Acquisition | ' | |||
Business Acquisition | ||||
SMART Storage Systems. On August 22, 2013, the Company completed its acquisition of SMART Storage, a developer of enterprise SSDs. The Company expects this acquisition to enhance its enterprise storage product portfolio. The Company acquired 100% of the outstanding shares of SMART Storage through an all-cash transaction. The total purchase price was comprised of the following (in thousands): | ||||
Purchase Price | ||||
Cash consideration | $ | 304,982 | ||
Estimated fair value of replacement stock options related to pre-combination service | 136 | |||
Total purchase price | $ | 305,118 | ||
The Company assumed all unvested outstanding SMART Storage stock options, which were converted into options to purchase an aggregate of 0.2 million shares of the Company’s common stock. The fair value of these unvested stock options was determined using the Black-Scholes-Merton valuation model. The Company records the fair value of unvested replacement stock options that relate to post-combination services as operating expense over the remaining service periods. | ||||
Net Tangible Assets. The allocation of the SMART Storage purchase price to the tangible assets acquired and liabilities acquired as of August 22, 2013 is summarized below (in thousands): | ||||
Acquired Tangible Assets and Liabilities | ||||
Cash | $ | 804 | ||
Accounts receivable, net | 7,827 | |||
Inventory | 29,331 | |||
Deferred taxes - current | 921 | |||
Other current assets | 28,002 | |||
Property and equipment | 5,734 | |||
Deferred taxes - non-current | 3,338 | |||
Other non-current assets | 149 | |||
Total assets | 76,106 | |||
Accounts payable | (11,746 | ) | ||
Other current liabilities | (34,538 | ) | ||
Non-current liabilities | (8,979 | ) | ||
Total liabilities | (55,263 | ) | ||
Net tangible assets | $ | 20,843 | ||
An existing $25.5 million liability that SMART Storage owed SMART Holdings, (the “Seller”), was not settled prior to the closing of the acquisition of SMART Storage in accordance with the purchase agreement and remained outstanding as of December 29, 2013. The Seller is contractually obligated to refund $25.5 million of the purchase price for this unsettled liability. The purchase price refund receivable and unsettled liability are recorded gross in Other current assets and Other current liabilities of the acquired tangible assets and liabilities of SMART Storage, respectively, as the Company does not have the legal right to offset. The Company expects these amounts to be settled in the first quarter of fiscal year 2014. | ||||
Purchase Price Allocation. The total purchase price was allocated to SMART Storage’s net tangible and intangible assets based upon their estimated fair values as of August 22, 2013. The excess purchase price over the value of the net tangible liabilities and identifiable intangible assets was recorded as goodwill. The fair values assigned to tangible and intangible assets acquired and liabilities assumed are based on estimates and assumptions of management. These estimates include those related to the forecast used to value the intangible assets assumed, including the allocation of developed technology and IPR&D, and the fair value of inventory and obligations related to excess committed purchases. The purchase price allocation is preliminary and the measurement period is open pending final adjustments to the opening net assets acquired. | ||||
The following table presents the allocation of the SMART Storage purchase price (in thousands): | ||||
Purchase Price Allocation | ||||
Net tangible assets | $ | 20,843 | ||
Intangible assets: | ||||
Developed technology | 146,100 | |||
Trademarks | 8,500 | |||
Customer relationships | 7,600 | |||
In-process research and development | 6,300 | |||
Total intangible assets | 168,500 | |||
Goodwill | 115,775 | |||
Total purchase price | $ | 305,118 | ||
The total weighted-average amortization period for finite-lived intangible assets is 3.9 years. The intangible assets are amortized on a straight-line basis over the period during which the economic benefits of the intangible assets are expected to be utilized. The goodwill resulted from expected synergies from the transaction, including the Company’s supply of NAND flash and complementary products, which will enhance the Company’s overall product portfolio. Goodwill is not deductible for tax purposes. The Company did not record a deferred tax liability due to certain tax incentives awarded by the Malaysian government. | ||||
Acquisition-related costs of $3.1 million during the fiscal year ended December 29, 2013 were related to legal, regulatory and accounting fees, and were expensed to General and administrative expense in the Consolidated Statement of Operations. SMART Storage’s prior period financial results are not considered material to the Company. |
Litigation
Litigation | 12 Months Ended |
Dec. 29, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Litigation | ' |
Litigation | |
From time-to-time, the Company is involved in various litigation matters, including those described below, among others. The litigation proceedings in which the Company is involved from time to time, may include matters such as intellectual property, antitrust, commercial, labor, class action, and insurance disputes. The semiconductor industry is characterized by significant litigation seeking to enforce patent and other intellectual property rights. The Company has enforced and likely will continue to enforce its own intellectual property rights through litigation and related proceedings. | |
In each case listed below where the Company is the defendant, the Company intends to vigorously defend the action. At this time, the Company does not believe it is reasonably possible that losses related to the litigation described below have occurred beyond the amounts, if any, which have been accrued. However, legal discovery and litigation is highly unpredictable and future legal developments may cause current estimates to change in future periods. | |
Patent Infringement Litigation With Round Rock Research LLC. On October 27, 2011, in response to infringement allegations by Round Rock Research LLC (“Round Rock”), the Company filed a lawsuit against Round Rock in the U.S. District Court for the Northern District of California. The lawsuit seeks a declaratory judgment that twelve Round Rock patents are invalid and/or not infringed by flash memory products sold by the Company. Round Rock has since withdrawn its allegations of infringement as to three of the patents. SanDisk has filed motions for summary judgment of invalidity directed at two additional Round Rock patents, and Round Rock has filed a motion for summary judgment as to certain affirmative defenses asserted by SanDisk to the counterclaims in this action. These motions are currently pending. Fact discovery has closed in the case. Expert discovery is underway and initial expert reports have been exchanged. Trial is currently scheduled to begin on August 11, 2014. | |
On May 3, 2012, Round Rock filed an action in the U.S. District Court for the District of Delaware alleging that the Company infringed eleven patents, and subsequently filed an amended complaint alleging that SanDisk’s infringement was willful. The parties agreed to dismiss one patent from this Delaware lawsuit that was also being litigated in the California case described above. Discovery is underway. Trial is currently scheduled to begin on January 20, 2015. | |
Ritz Camera Federal Antitrust Class Action. On June 25, 2010, Ritz Camera & Image, LLC (“Ritz”) filed a complaint in the U.S. District Court for the Northern District of California (the “District Court”), alleging that the Company violated federal antitrust law by conspiring to monopolize and monopolizing the market for flash memory products. The lawsuit captioned Ritz Camera & Image, LLC v. SanDisk Corporation, Inc. and Eliyahou Harari, purports to be on behalf of direct purchasers of flash memory products sold by the Company and joint ventures controlled by the Company from June 25, 2006 through the present. The complaint alleges that the Company created and maintained a monopoly by fraudulently obtaining patents and using them to restrain competition and by allegedly converting other patents for its competitive use. On February 24, 2011, the District Court issued an Order granting in part and denying in part the Company’s motion to dismiss which resulted in Dr. Harari being dismissed as a defendant. On September 19, 2011, the Company filed a petition for permission to file an interlocutory appeal in the U.S. Court of Appeals for the Federal Circuit (the “Federal Circuit”) for the portion of the District Court’s Order denying the Company’s motion to dismiss based on Ritz’s lack of standing to pursue Walker Process antitrust claims. On October 27, 2011, the District Court administratively closed the case pending the Federal Circuit’s ruling on the Company’s petition. On November 20, 2012, the Federal Circuit affirmed the District Court’s order denying SanDisk’s motion to dismiss. On December 2, 2012, the Federal Circuit issued its mandate returning the case to the District Court. Discovery is now open in the District Court. On February 20, 2013, Ritz filed a motion requesting that Albert Giuliano, the Chapter 7 Trustee of the Ritz bankruptcy estate, be substituted as the plaintiff in this case, which the District Court granted on July 5, 2013. On October 1, 2013, the District Court granted the Trustee’s motion for leave to file a third amended complaint, which adds CPM Electronics Inc. and E.S.E. Electronics, Inc. as named plaintiffs. On December 17, 2013, Ritz sought leave to file a fourth amended complaint, which would add a cause of action for attempted monopolization and add another named plaintiff. | |
Samsung Federal Antitrust Action Against Panasonic and SD‑3C. On July 15, 2010, Samsung Electronics Co., Ltd. (“Samsung”) filed an action in the U.S. District Court for the Northern District of California (the “District Court”) alleging various claims against Panasonic Corporation and Panasonic Corporation of North America (collectively, “Panasonic”) and SD‑3C, LLC (“SD‑3C”) under federal antitrust law pursuant to Sections 1 and 2 of the Sherman Act, and under California antitrust and unfair competition laws relating to the licensing practices and operations of SD‑3C. The complaint seeks an injunction against collection of Secure Digital (“SD”) card royalties, treble damages, restitution, pre- and post-judgment interest, costs, and attorneys’ fees, as well as a declaration that Panasonic and SD‑3C engaged in patent misuse and that the patents subject to such alleged misuse should be held unenforceable. The Company is not named as a defendant in this case, but it established SD‑3C along with Panasonic and Toshiba, and the complaint includes various factual allegations concerning the Company. As a member of SD‑3C, the Company may be responsible for a portion of any monetary award. Other requested relief, including an injunction or declaration of patent misuse, could result in a loss of revenue to the Company. Defendants filed a motion to dismiss on September 24, 2010, and Samsung filed a First Amended Complaint (“FAC”) on October 14, 2010. On August 25, 2011, the District Court dismissed the patent misuse claim with prejudice, but gave Samsung leave to amend its other claims. On January 3, 2012, the District Court granted defendants’ motion to dismiss Samsung’s complaint without leave to amend. Samsung has appealed, dated January 25, 2012. The briefing on appeal is complete, and oral argument took place on December 5, 2013. | |
Federal Antitrust Class Action Against SanDisk, et al. On March 15, 2011, a putative class action captioned Oliver v. SD‑3C LLC, et al was filed in the U.S. District Court for the Northern District of California (the “District Court”) on behalf of a nationwide class of indirect purchasers of SD cards alleging various claims against the Company, SD‑3C, Panasonic, Toshiba, and Toshiba America Electronic Components, Inc. under federal antitrust law pursuant to Section 1 of the Sherman Act, California antirust and unfair competition laws, and common law. The complaint seeks an injunction of the challenged conduct, dissolution of “the cooperation agreements, joint ventures and/or cross-licenses alleged herein,” treble damages, restitution, disgorgement, pre- and post-judgment interest, costs, and attorneys’ fees. Plaintiffs allege that the Company (along with the other members of SD‑3C) conspired to artificially inflate the royalty costs associated with manufacturing SD cards in violation of federal and California antitrust and unfair competition laws, which in turn allegedly caused plaintiffs to pay higher prices for SD cards. The allegations are similar to, and incorporate by reference the complaint in the Samsung Electronics Co., Ltd. v. Panasonic Corporation; Panasonic Corporation of North America; and SD‑3C LLC described above. On May 21, 2012, the District Court granted Defendants’ motion to dismiss the complaint with prejudice. Plaintiffs have appealed. Briefing on the appeal was completed on June 21, 2013. Oral argument took place on December 5, 2013. |
Supplementary_Financial_Data_N
Supplementary Financial Data (Notes) | 12 Months Ended | |||||||||||||||
Dec. 29, 2013 | ||||||||||||||||
Supplementary Financial Data [Abstract] | ' | |||||||||||||||
Quarterly Financial Information [Text Block] | ' | |||||||||||||||
Supplementary Financial Data (Unaudited) | ||||||||||||||||
Fiscal quarters ended | ||||||||||||||||
March 31, | June 30, | September 29, | December 29, | |||||||||||||
2013 | 2013 | 2013 | 2013 | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
2013 | ||||||||||||||||
Revenue | $ | 1,340,729 | $ | 1,476,263 | $ | 1,625,153 | $ | 1,727,858 | ||||||||
Gross profit | 531,516 | 676,819 | 801,993 | 857,155 | ||||||||||||
Operating income | 253,791 | 392,558 | 408,448 | 507,413 | ||||||||||||
Net income | $ | 166,229 | $ | 261,789 | $ | 276,859 | $ | 337,780 | ||||||||
Net income per share | ||||||||||||||||
Basic | $ | 0.69 | $ | 1.08 | $ | 1.2 | $ | 1.5 | ||||||||
Diluted | $ | 0.68 | $ | 1.06 | $ | 1.18 | $ | 1.45 | ||||||||
Fiscal quarters ended | ||||||||||||||||
April 1, | July 1, | September 30, | December 30, | |||||||||||||
2012 | 2012 | 2012 | 2012 | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
2012 | ||||||||||||||||
Revenue | $ | 1,205,561 | $ | 1,032,255 | $ | 1,273,190 | $ | 1,541,503 | ||||||||
Gross profit | 416,510 | 280,777 | 382,921 | 603,012 | ||||||||||||
Operating income | 191,864 | 36,183 | 132,073 | 335,975 | ||||||||||||
Net income | $ | 114,385 | $ | 12,969 | $ | 76,507 | $ | 213,543 | ||||||||
Net income per share | ||||||||||||||||
Basic | $ | 0.47 | $ | 0.05 | $ | 0.32 | $ | 0.88 | ||||||||
Diluted | $ | 0.46 | $ | 0.05 | $ | 0.31 | $ | 0.87 | ||||||||
Organization_and_Summary_of_Si1
Organization and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 29, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
Cash Equivalents, Short and Long-Term Marketable Securities. Cash equivalents consist of short-term, highly liquid financial instruments with insignificant interest rate risk that are readily convertible to cash and have maturities of three months or less from the date of purchase. Marketable securities with original maturities greater than three months from purchase date and remaining maturities less than one year are classified as short-term marketable securities. Marketable securities with remaining maturities greater than one year as of the balance sheet date are classified as long-term marketable securities. Short and long-term fixed income investments consist of U.S. Treasury securities, U.S. government-sponsored agency securities, international government securities, corporate notes and bonds, municipal notes and bonds, asset-backed securities and mortgage-backed securities. The fair market value of cash equivalents at December 29, 2013 approximated their carrying value. Cost of securities sold is based on specific identification. | |
Organization and Nature of Operations | ' |
Organization and Nature of Operations. SanDisk Corporation (together with its subsidiaries, the “Company”) was incorporated in the State of Delaware on June 1, 1988. The Company designs, develops, markets and manufactures data storage solutions in a variety of form factors using its flash memory, controller and firmware technologies. The Company operates in one segment, flash memory storage products. | |
Basis of Presentation | ' |
Basis of Presentation. The Company’s fiscal year ends on the Sunday closest to December 31. All fiscal years presented consisted of 52 weeks. Certain prior period amounts have been reclassified in the financial statements and footnotes to conform to the current period presentation, including line items within current assets and property and equipment in the Consolidated Balance Sheets and Note 4, “Balance Sheet Information,” as well as cash flows from operating activities in the Consolidated Statement of Cash Flows. Beginning in the first quarter of fiscal year 2013, the Company reports only total revenue, which includes product revenue and license and royalty revenue. For accounting and disclosure purposes, the exchange rate used to convert Japanese yen to the United States (“U.S.”) dollar for fiscal years ended December 29, 2013, December 30, 2012 and January 1, 2012 was 104.94, 85.99 and 77.17, respectively. Throughout the Notes to Consolidated Financial Statements, unless otherwise indicated, references to Net income refer to Net income attributable to common stockholders. | |
Consolidation, Policy | ' |
Principles of Consolidation. The Consolidated Financial Statements include the accounts of the Company and its majority-owned subsidiaries. All intercompany balances and transactions have been eliminated. Non-controlling interest represents the minority shareholders’ proportionate share of the net assets and results of operations of the Company’s majority-owned subsidiaries. The Consolidated Financial Statements also include the results of companies acquired by the Company from the date of each acquisition. | |
Use of Estimates | ' |
Use of Estimates. The preparation of Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. The estimates and judgments affect the reported amounts of assets, liabilities, revenue, expenses and related disclosure of contingent liabilities. On an ongoing basis, the Company evaluates its estimates, including those related to customer programs and incentives, intellectual property claims, product returns, allowance for doubtful accounts, inventories and inventory reserves, valuation and impairments of marketable securities and investments, valuation and impairments of goodwill and long-lived assets, income taxes, warranty obligations, restructurings, contingencies, share-based compensation and litigation. The Company bases its estimates on historical experience and on other assumptions that its management believes are reasonable under the circumstances. These estimates form the basis for making judgments about the carrying value of assets and liabilities when those values are not readily apparent from other sources. Actual results could materially differ from these estimates. | |
Revenue Recognition, Policy [Policy Text Block] | ' |
Revenue Recognition, Sales Returns and Allowances and Sales Incentive Programs. The Company recognizes revenue when the earnings process is complete, as evidenced by an agreement with the customer, transfer of title and acceptance, if applicable, pricing is fixed or determinable and collectability is reasonably assured. Revenue is generally recognized at the time of shipment or transfer of title for customers not eligible for price protection and/or a right of return. Sales made to distributors and retailers are generally under agreements allowing price protection and/or a right of return and, therefore, the revenue and related costs of these transactions are deferred until the retailers or distributors sell-through the merchandise to their end customer or their rights of return expire. Estimated sales returns are recorded as a reduction to revenue and deferred revenue and were not material for any period presented in the accompanying Consolidated Financial Statements. The cost of shipping products to customers is included in cost of revenue. The Company recognizes expenses related to sales commissions in the period in which the commissions are earned. | |
For multiple element arrangements and revenue arrangements that include software elements, the Company allocates revenue to each element based on its relative selling price in accordance with the Company’s normal pricing and discounting practices for the specific product or maintenance when sold separately for all multiple element products. In addition, the Company analyzes whether tangible products containing software and non-software components that function together should be excluded from industry-specific software revenue recognition guidance. Multiple element arrangements and arrangements that include software have been immaterial to the Company’s revenue and operating results. | |
Revenue from patent licensing arrangements is recognized when earned, estimable and realizable. The timing of revenue recognition is dependent on the terms of each license agreement and on the timing of sales of licensed products. The Company generally recognizes royalty revenue when it is reported to the Company by its licensees, which is generally one quarter in arrears from the licensees’ sales of licensed products. For licensing fees that are not determined by the number of licensed units sold, the Company recognizes license fee revenue on a straight-line basis over the life of the license. | |
The Company records estimated reductions of revenue for customer and distributor incentive programs and offerings, including price protection, promotions, co-op advertising and other volume-based incentives and expected returns. All sales incentive programs are recorded as an offset to revenue or deferred revenue. Marketing development programs are recorded as a reduction to revenue. | |
Trade and Other Accounts Receivable, Policy [Policy Text Block] | ' |
Accounts Receivable and Allowance for Doubtful Accounts. Accounts receivable include amounts owed by geographically dispersed distributors, retailers and original equipment manufacturer (“OEM”) customers. No collateral is required. Provisions are provided for sales returns and credit losses. | |
The Company estimates the collectability of its accounts receivable based on a combination of factors, including but not limited to, customer credit ratings and historical experience. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations to the Company (e.g., bankruptcy filings or substantial downgrading of credit ratings), the Company provides allowances for bad debts against amounts due to reduce the net recognized receivable to the amount it reasonably believes will be collected. | |
Income Tax, Policy [Policy Text Block] | ' |
Income Taxes. The Company accounts for income taxes using an asset and liability approach, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s Consolidated Financial Statements, but have not been reflected in the Company’s taxable income. The Company must evaluate the expected realization of its deferred tax assets and determine whether a valuation allowance needs to be established or released. In determining the need for and amount of a valuation allowance, the Company assesses the likelihood that it will be able to recover its deferred tax assets using historical levels of income, estimates of future income and tax planning strategies. A valuation allowance is established to the extent that the Company does not believe it is “more likely than not” that it will generate sufficient taxable income in future periods to realize the benefit of its deferred tax assets. | |
The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. The Company recognizes the tax benefit from an uncertain tax position only if it is “more likely than not” the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. | |
Property, Plant and Equipment, Policy [Policy Text Block] | ' |
Property and Equipment. Property and equipment are carried at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, ranging from two to twenty-five years, or the remaining lease term, whichever is shorter. | |
Consolidation, Variable Interest Entity, Policy [Policy Text Block] | ' |
Variable Interest Entities. The Company evaluates its equity method investments to determine whether any investee is a variable interest entity (“VIE”). If the Company concludes that an investee is a VIE, the Company evaluates its power to direct the activities of the investee, its obligation to absorb the expected losses of the investee and its right to receive the expected residual returns of the investee to determine whether the Company is the primary beneficiary of the investee. If the Company is the primary beneficiary of a VIE, the Company consolidates such entity and reflects the non-controlling interest of other beneficiaries of that entity. If the Company concludes that an investee is not a VIE, the Company does not consolidate the investee. | |
Equity Method Investments, Policy [Policy Text Block] | ' |
Equity Investments. The Company accounts for investments in equity securities of other entities, including VIEs that are not consolidated, under the cost method of accounting if investments in voting equity interests of the investee are less than 20%. The equity method of accounting is used if the Company’s investment in voting stock is greater than or equal to 20% but less than a majority. In considering the accounting method for investments less than 20%, the Company also considers other factors such as its ability to exercise significant influence over operating and financial policies of the investee. If certain factors are present, the Company could account for investments for which it has less than a 20% ownership under the equity method of accounting. | |
Investments in public companies with restrictions of less than one year are classified as available-for-sale and are adjusted to their fair market value with unrealized gains and losses recorded as a component of accumulated other comprehensive income (“AOCI”). Investments in public and non-public companies are reviewed on a quarterly basis to determine if their value has been impaired and adjustments are recorded as necessary. Upon disposition of these investments, the specific identification method is used to determine the cost basis in computing realized gains or losses. Declines in value that are judged to be other-than-temporary are reported in Interest (expense) and other income (expense), net or Cost of revenue in the accompanying Consolidated Statements of Operations. | |
Inventory, Policy [Policy Text Block] | ' |
Inventories and Inventory Valuation. Inventories are stated at the lower of cost (first-in, first-out) or market. Market value is based upon an estimated average selling price reduced by estimated costs of disposal. Should actual market conditions differ from the Company’s estimates, the Company’s future results of operations could be materially affected. Reductions in inventory valuation are included in Cost of revenue in the accompanying Consolidated Statements of Operations. Inventory impairment charges, when taken, permanently establish a new cost basis and are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable. Rather, these amounts are recognized in income only if, as and when the inventory is sold. | |
The Company reduces the carrying value of its inventory to a new basis for estimated obsolescence or unmarketable inventory by an amount equal to the difference between the cost of the inventory and the estimated market value based upon assumptions about future demand and market conditions, including assumptions about changes in average selling prices. If actual market conditions are less favorable than those projected by management, additional reductions in inventory valuation may be required. | |
The Company’s finished goods inventory includes consigned inventory held at customer locations as well as at third-party fulfillment centers and subcontractors. | |
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' |
Other Long-Lived Assets. Intangible assets with finite useful lives and other long-lived assets are tested for impairment if certain impairment indicators are identified. The Company assesses the carrying value of long-lived assets, whenever events or changes in circumstances indicate that the carrying value of these long-lived assets may not be recoverable. Factors the Company considers important which could result in an impairment review include: (1) significant under-performance relative to the historical or projected future operating results; (2) significant changes in the manner of use of assets; (3) significant negative industry or economic trends; and (4) significant changes in the Company’s market capitalization relative to net book value. Any changes in key assumptions used by the Company, including those set forth above, could result in an impairment charge and such a charge could have a material adverse effect on the Company’s consolidated results of operations. | |
Advertising Costs, Policy [Policy Text Block] | ' |
Advertising Expenses. Marketing co-op development programs, where the Company receives, or will receive, an identifiable benefit (e.g., goods or services) in exchange for the amount paid to its customer and the Company can reasonably estimate the fair value of the benefit it receives for the customer incentive payment, are classified, when granted, as a marketing expense. Advertising expenses not meeting this criteria are classified as a reduction to revenue when the expense is incurred. Advertising expenses recorded as marketing expense were $19.6 million, $16.2 million and $11.4 million in fiscal years 2013, 2012 and 2011, respectively. | |
Research and Development Expense, Policy [Policy Text Block] | ' |
Research and Development Expenses. Research and development (“R&D”) expenditures are expensed as incurred. | |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' |
Foreign Currency. The Company determines the functional currency for its parent company and each of its subsidiaries by reviewing the currencies in which their respective operating activities occur. Transaction gains and losses arising from activities in other than the applicable functional currency are calculated using average exchange rates for the applicable period and reported in net income as a non-operating item in each period. Non-monetary balance sheet items denominated in a currency other than the applicable functional currency are translated using the historical rate. The Company continuously evaluates its foreign currency exposures and may continue to enter into hedges or other risk mitigating arrangements in the future. Aggregate gross foreign currency transaction gain (loss) prior to consideration of the offsetting hedges recorded to income before taxes was ($3.3) million, ($2.8) million and $18.8 million in fiscal years 2013, 2012 and 2011, respectively. |
Investments_and_Fair_Value_Mea1
Investments and Fair Value Measurements Investments and Fair Value Measurements (Policies) | 12 Months Ended | |
Dec. 29, 2013 | ||
Fair Value Of Financial Instruments Policy [Abstract] | ' | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |
The Company categorizes the fair value of its financial assets and liabilities according to the hierarchy established by the FASB, which prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are: | ||
Level 1 | Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to directly access. | |
Level 2 | Valuations based on quoted prices for similar assets or liabilities; valuations for interest-bearing securities based on non-daily quoted prices in active markets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. | |
Level 3 | Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. | ||
In circumstances in which a quoted price in an active market for the identical liability is not available, the Company is required to use the quoted price of the identical liability when traded as an asset, quoted prices for similar liabilities, or quoted prices for similar liabilities when traded as assets. If these quoted prices are not available, the Company is required to use another valuation technique, such as an income approach or a market approach. |
Derivatives_and_Hedging_Activi1
Derivatives and Hedging Activities Derivative and Hedging Activities (Policies) | 12 Months Ended |
Dec. 29, 2013 | |
Investments, Debt and Equity Securities [Abstract] | ' |
Derivatives, Policy [Policy Text Block] | ' |
The Company recognizes derivative instruments as either assets or liabilities on the balance sheet at fair value and provides qualitative disclosures about objectives and strategies for using derivative instruments, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. Changes in fair value (i.e., gains or losses) of the derivatives are recorded as cost of revenue or other income (expense), or as other comprehensive income (“OCI”). The Company does not offset or net the fair value amounts of derivative instruments and separately discloses the fair value amounts of the derivative instruments as either assets or liabilities. |
Balance_Sheet_Information_Bala
Balance Sheet Information Balance Sheet Information (Policies) | 12 Months Ended |
Dec. 29, 2013 | |
Accounting Policies [Abstract] | ' |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | ' |
The Company assesses financing receivable credit quality through financial and operational reviews of the borrower and creditworthiness, including credit rating agency ratings, of significant investors of the borrower, where material or known. Impairments, when required for credit worthiness, are recorded in other income (expense). |
Investments_and_Fair_Value_Mea2
Investments and Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||||||||||
Schedule of Available-for-sale Securities | ' | |||||||||||||||||||||||||||||||
Cash and Cash Equivalents and Marketable Securities | ' | |||||||||||||||||||||||||||||||
The Company’s total cash, cash equivalents and marketable securities was as follows (in thousands): | ||||||||||||||||||||||||||||||||
December 29, | December 30, | |||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 986,246 | $ | 995,470 | ||||||||||||||||||||||||||||
Short-term marketable securities | 1,919,611 | 1,880,034 | ||||||||||||||||||||||||||||||
Long-term marketable securities | 3,179,471 | 2,835,931 | ||||||||||||||||||||||||||||||
Total cash, cash equivalents and marketable securities | $ | 6,085,328 | $ | 5,711,435 | ||||||||||||||||||||||||||||
Financial assets and liabilities measured at fair value on a recurring basis | ' | |||||||||||||||||||||||||||||||
Financial assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following types of instruments (in thousands): | ||||||||||||||||||||||||||||||||
December 29, 2013 | December 30, 2012 | |||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Money market funds | $ | 760,363 | $ | — | $ | — | $ | 760,363 | $ | 582,743 | $ | — | $ | — | $ | 582,743 | ||||||||||||||||
Fixed income securities | 160,194 | 4,985,059 | — | 5,145,253 | 27,386 | 4,917,939 | — | 4,945,325 | ||||||||||||||||||||||||
Derivative assets | — | 777 | — | 777 | — | 20,058 | — | 20,058 | ||||||||||||||||||||||||
Total financial assets | $ | 920,557 | $ | 4,985,836 | $ | — | $ | 5,906,393 | $ | 610,129 | $ | 4,937,997 | $ | — | $ | 5,548,126 | ||||||||||||||||
Derivative liabilities | $ | — | $ | 45,859 | $ | — | $ | 45,859 | $ | — | $ | 13,584 | $ | — | $ | 13,584 | ||||||||||||||||
Total financial liabilities | $ | — | $ | 45,859 | $ | — | $ | 45,859 | $ | — | $ | 13,584 | $ | — | $ | 13,584 | ||||||||||||||||
Financial assets and liabilities measured at fair value on a recurring basis | ' | |||||||||||||||||||||||||||||||
Financial assets and liabilities measured and recorded at fair value on a recurring basis were presented on the Company’s Consolidated Balance Sheets as follows (in thousands): | ||||||||||||||||||||||||||||||||
December 29, 2013 | December 30, 2012 | |||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Cash equivalents(1) | $ | 773,435 | $ | 33,099 | $ | — | $ | 806,534 | $ | 582,743 | $ | 229,360 | $ | — | $ | 812,103 | ||||||||||||||||
Short-term marketable securities | 15,090 | 1,904,521 | — | 1,919,611 | 16,589 | 1,863,445 | — | 1,880,034 | ||||||||||||||||||||||||
Long-term marketable securities | 132,032 | 3,047,439 | — | 3,179,471 | 10,797 | 2,825,134 | — | 2,835,931 | ||||||||||||||||||||||||
Other current assets | — | 777 | — | 777 | — | 19,064 | — | 19,064 | ||||||||||||||||||||||||
Other non-current assets | — | — | — | — | — | 994 | — | 994 | ||||||||||||||||||||||||
Total financial assets | $ | 920,557 | $ | 4,985,836 | $ | — | $ | 5,906,393 | $ | 610,129 | $ | 4,937,997 | $ | — | $ | 5,548,126 | ||||||||||||||||
Other current accrued liabilities | $ | — | $ | 45,741 | $ | — | $ | 45,741 | $ | — | $ | 13,584 | $ | — | $ | 13,584 | ||||||||||||||||
Non-current liabilities | — | 118 | — | 118 | — | — | — | — | ||||||||||||||||||||||||
Total financial liabilities | $ | — | $ | 45,859 | $ | — | $ | 45,859 | $ | — | $ | 13,584 | $ | — | $ | 13,584 | ||||||||||||||||
(1) | Cash equivalents exclude cash of $179.7 million and $183.4 million included in Cash and cash equivalents on the Consolidated Balance Sheets as of December 29, 2013 and December 30, 2012, respectively. | |||||||||||||||||||||||||||||||
Available for Sale Investments | ' | |||||||||||||||||||||||||||||||
Available-for-sale investments were as follows (in thousands): | ||||||||||||||||||||||||||||||||
December 29, 2013 | December 30, 2012 | |||||||||||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gain | Gross Unrealized Loss | Fair Value | Amortized Cost | Gross Unrealized Gain | Gross Unrealized Loss | Fair Value | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 160,598 | $ | 21 | $ | (424 | ) | $ | 160,195 | $ | 27,377 | $ | 9 | $ | — | $ | 27,386 | |||||||||||||||
U.S. government-sponsored agency securities | 8,112 | 10 | (1 | ) | 8,121 | 28,339 | 41 | (1 | ) | 28,379 | ||||||||||||||||||||||
International government securities | 38,492 | 1 | (224 | ) | 38,269 | 153,936 | 13 | (3 | ) | 153,946 | ||||||||||||||||||||||
Corporate notes and bonds | 864,331 | 1,504 | (1,565 | ) | 864,270 | 864,170 | 3,890 | (938 | ) | 867,122 | ||||||||||||||||||||||
Asset-backed securities | 226,620 | 114 | (170 | ) | 226,564 | 179,356 | 453 | — | 179,809 | |||||||||||||||||||||||
Mortgage-backed securities | 86,542 | 18 | (554 | ) | 86,006 | 1,872 | 8 | (14 | ) | 1,866 | ||||||||||||||||||||||
Municipal notes and bonds | 3,744,138 | 18,931 | (1,241 | ) | 3,761,828 | 3,665,032 | 22,697 | (912 | ) | 3,686,817 | ||||||||||||||||||||||
Total available-for-sale investments | $ | 5,128,833 | $ | 20,599 | $ | (4,179 | ) | $ | 5,145,253 | $ | 4,920,082 | $ | 27,111 | $ | (1,868 | ) | $ | 4,945,325 | ||||||||||||||
Available-for-sale securities that were in an unrealized gain position | ' | |||||||||||||||||||||||||||||||
The fair value and gross unrealized loss on the available-for-sale securities that have been in a continuous unrealized loss position, aggregated by type of investment instrument for 12 months or less, are summarized in the following table (in thousands). As of December 29, 2013, the Company had an immaterial amount of securities that have been in a continuous unrealized loss position for more than twelve months. The unrealized loss on these securities was immaterial. Available-for-sale securities that were in an unrealized gain position have been excluded from the table. | ||||||||||||||||||||||||||||||||
Fair Value | Gross Unrealized Loss | |||||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 136,621 | $ | (424 | ) | |||||||||||||||||||||||||||
U.S. government-sponsored agency securities | 2,858 | (1 | ) | |||||||||||||||||||||||||||||
International government securities | 36,265 | (224 | ) | |||||||||||||||||||||||||||||
Corporate notes and bonds | 453,671 | (1,565 | ) | |||||||||||||||||||||||||||||
Asset-backed securities | 129,855 | (170 | ) | |||||||||||||||||||||||||||||
Mortgage-backed securities | 64,811 | (554 | ) | |||||||||||||||||||||||||||||
Municipal notes and bonds | 430,620 | (1,241 | ) | |||||||||||||||||||||||||||||
Total | $ | 1,254,701 | $ | (4,179 | ) | |||||||||||||||||||||||||||
Gross realized gains and (losses) on sales of available-for-sale securities | ' | |||||||||||||||||||||||||||||||
The following table shows the gross realized gains and (losses) on sales of available-for-sale securities (in thousands). | ||||||||||||||||||||||||||||||||
Fiscal years ended | ||||||||||||||||||||||||||||||||
December 29, | December 30, | January 1, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2012 | ||||||||||||||||||||||||||||||
Gross realized gains | $ | 4,724 | $ | 3,867 | $ | 36,762 | ||||||||||||||||||||||||||
Gross realized losses | (2,349 | ) | (898 | ) | (2,213 | ) | ||||||||||||||||||||||||||
Fixed income securities by contractual maturity | ' | |||||||||||||||||||||||||||||||
Fixed income securities by contractual maturity as of December 29, 2013 are shown below (in thousands). Actual maturities may differ from contractual maturities because issuers of the securities may have the right to prepay obligations or the Company has the option to demand payment. | ||||||||||||||||||||||||||||||||
Amortized Cost | Fair Value | |||||||||||||||||||||||||||||||
Due in one year or less | $ | 1,220,506 | $ | 1,224,980 | ||||||||||||||||||||||||||||
After one year through five years | 3,338,613 | 3,350,852 | ||||||||||||||||||||||||||||||
After five years through ten years | 79,295 | 79,084 | ||||||||||||||||||||||||||||||
After ten years | 490,419 | 490,337 | ||||||||||||||||||||||||||||||
Total | $ | 5,128,833 | $ | 5,145,253 | ||||||||||||||||||||||||||||
Related costs and the fair values based on quoted market prices | ' | |||||||||||||||||||||||||||||||
For those financial instruments where the carrying amounts differ from fair value, the following table represents the related carrying values and fair values, which are based on quoted market prices (in thousands). These financial instruments were categorized as Level 1 as of both December 29, 2013 and December 30, 2012 with the exception of the 0.5% Sr. Convertible Notes due 2020, which is categorized as Level 2. See Note 6, “Financing Arrangements,” regarding details of each convertible note presented. | ||||||||||||||||||||||||||||||||
December 29, 2013 | December 30, 2012 | |||||||||||||||||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | |||||||||||||||||||||||||||||
1% Sr. Convertible Notes due 2013 | $ | — | $ | — | $ | 906,708 | $ | 927,820 | ||||||||||||||||||||||||
1.5% Sr. Convertible Notes due 2017 | 829,792 | 1,467,160 | 789,913 | 1,159,370 | ||||||||||||||||||||||||||||
0.5% Sr. Convertible Notes due 2020 | 1,155,571 | 1,480,290 | — | — | ||||||||||||||||||||||||||||
Total | $ | 1,985,363 | $ | 2,947,450 | $ | 1,696,621 | $ | 2,087,190 | ||||||||||||||||||||||||
Derivatives_and_Hedging_Activi2
Derivatives and Hedging Activities (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||
Derivative Instruments, Gain (Loss) | ' | |||||||||||||||||||||||
Schedule of Derivative Instruments | ' | |||||||||||||||||||||||
As of December 29, 2013, the notional amount and unrealized loss on the effective portion of the Company’s outstanding foreign exchange forward contracts to purchase Japanese yen that are designated as cash flow hedges are shown in both Japanese yen (in billions) and U.S. dollar (in thousands), based upon the exchange rate as of December 29, 2013, as follows: | ||||||||||||||||||||||||
Notional Amount | Unrealized Loss | |||||||||||||||||||||||
(Japanese yen) | (U.S. dollar) | (U.S. dollar) | ||||||||||||||||||||||
Foreign exchange forward contracts: | ||||||||||||||||||||||||
Maturities 12 months or less | ¥ | 69.4 | $ | 662,190 | $ | (38,375 | ) | |||||||||||||||||
Maturities greater than 12 months | 0.2 | 2,295 | (118 | ) | ||||||||||||||||||||
Total | ¥ | 69.6 | $ | 664,485 | $ | (38,493 | ) | |||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | ' | |||||||||||||||||||||||
Fair value of derivative contracts were as follows (in thousands): | ||||||||||||||||||||||||
Derivative assets reported in | ||||||||||||||||||||||||
Other Current Assets | Other Non-current Assets | |||||||||||||||||||||||
December 29, | December 30, | December 29, | December 30, | |||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Foreign exchange forward contracts not designated | $ | 777 | $ | 19,064 | $ | — | $ | 994 | ||||||||||||||||
Derivative liabilities reported in | ||||||||||||||||||||||||
Other Current Accrued Liabilities | Non-current Liabilities | |||||||||||||||||||||||
December 29, | December 30, | December 29, | December 30, | |||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Foreign exchange forward contracts designated | $ | 38,375 | $ | 7,058 | $ | 118 | $ | — | ||||||||||||||||
Foreign exchange forward contracts not designated | 7,366 | 6,526 | — | — | ||||||||||||||||||||
Total derivatives | $ | 45,741 | $ | 13,584 | $ | 118 | $ | — | ||||||||||||||||
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||
The impact of the effective portion of designated cash flow derivative contracts on the Company’s results of operations was as follows (in thousands): | ||||||||||||||||||||||||
Fiscal years ended | ||||||||||||||||||||||||
Amount of gain (loss) | Amount of gain (loss) reclassified | |||||||||||||||||||||||
recognized in OCI | from AOCI to earnings | |||||||||||||||||||||||
December 29, | December 30, | January 1, | December 29, | December 30, | January 1, | |||||||||||||||||||
2013 | 2012 | 2012 | 2013 | 2012 | 2012 | |||||||||||||||||||
Foreign exchange forward contracts | $ | (74,834 | ) | $ | (38,197 | ) | $ | 33,224 | $ | (41,523 | ) | $ | (10,946 | ) | $ | 27,985 | ||||||||
Equity market risk contract | — | — | (3,024 | ) | — | — | (9,885 | ) | ||||||||||||||||
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net | ' | |||||||||||||||||||||||
The following table includes the ineffective portion of designated cash flow derivative contracts and the forward points excluded for the purposes of cash flow hedging designation recognized in other income (expense) (in thousands): | ||||||||||||||||||||||||
Fiscal years ended | ||||||||||||||||||||||||
December 29, | December 30, | January 1, | ||||||||||||||||||||||
2013 | 2012 | 2012 | ||||||||||||||||||||||
Foreign exchange forward contracts | $ | (1,201 | ) | $ | (6,630 | ) | $ | (5,148 | ) | |||||||||||||||
Effect Of Non-designated Derivative Contracts | ' | |||||||||||||||||||||||
The effect of non-designated derivative contracts on the Company’s results of operations recognized in other income (expense) was as follows (in thousands): | ||||||||||||||||||||||||
Fiscal years ended | ||||||||||||||||||||||||
December 29, | December 30, | January 1, | ||||||||||||||||||||||
2013 | 2012 | 2012 | ||||||||||||||||||||||
Gain (loss) on foreign exchange forward contracts including forward point income | $ | 1,427 | $ | 9,025 | $ | (14,068 | ) | |||||||||||||||||
Gain (loss) from revaluation of foreign currency exposures hedged by foreign exchange forward contracts | (4,460 | ) | (3,511 | ) | 17,479 | |||||||||||||||||||
Balance_Sheet_Information_Tabl
Balance Sheet Information (Tables) | 12 Months Ended | ||||||||||||||
Dec. 29, 2013 | |||||||||||||||
Balance Sheet Information [Abstract] | ' | ||||||||||||||
Accounts Receivable, net | ' | ||||||||||||||
Accounts receivable, net was as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Accounts receivable | $ | 904,551 | $ | 804,221 | |||||||||||
Allowance for doubtful accounts | (8,274 | ) | (6,627 | ) | |||||||||||
Price protection, promotions and other activities | (213,468 | ) | (171,569 | ) | |||||||||||
Total accounts receivable, net | $ | 682,809 | $ | 626,025 | |||||||||||
Allowance For Doubtful Accounts Text Block | ' | ||||||||||||||
The activity in the allowance for doubtful accounts was as follows (in thousands): | |||||||||||||||
Fiscal years ended | |||||||||||||||
December 29, | December 30, | January 1, | |||||||||||||
2013 | 2012 | 2012 | |||||||||||||
Balance, beginning of period | $ | 6,627 | $ | 5,717 | $ | 8,416 | |||||||||
Additions (reductions) charged to costs and expenses | 2,167 | 1,452 | (1,476 | ) | |||||||||||
Deductions/write-offs | (520 | ) | (542 | ) | (1,223 | ) | |||||||||
Balance, end of period | $ | 8,274 | $ | 6,627 | $ | 5,717 | |||||||||
Inventory | ' | ||||||||||||||
Inventory was as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Raw material | $ | 440,570 | $ | 404,634 | |||||||||||
Work-in-process | 102,543 | 102,249 | |||||||||||||
Finished goods | 213,862 | 243,192 | |||||||||||||
Total inventory | $ | 756,975 | $ | 750,075 | |||||||||||
Other Current Assets | ' | ||||||||||||||
Other current assets were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Tax-related receivables | $ | 70,760 | $ | 186,223 | |||||||||||
Other non-trade receivables | 37,368 | — | |||||||||||||
Prepayment to Flash Forward Ltd. | 5,144 | 20,577 | |||||||||||||
Derivative contract receivables | 777 | 19,064 | |||||||||||||
Prepaid expenses | 12,630 | 13,221 | |||||||||||||
Other current assets | 40,206 | 21,794 | |||||||||||||
Total other current assets | $ | 166,885 | $ | 260,879 | |||||||||||
Notes Receivable and Investments in the Flash Ventures with Toshiba | ' | ||||||||||||||
Notes receivable and investments in Flash Partners Ltd., Flash Alliance Ltd. and Flash Forward Ltd. (collectively referred to as “Flash Ventures”) were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Notes receivable, Flash Partners Ltd. | $ | 100,057 | $ | 180,254 | |||||||||||
Notes receivable, Flash Alliance Ltd. | 323,995 | 476,800 | |||||||||||||
Notes receivable, Flash Forward Ltd. | 169,144 | 162,810 | |||||||||||||
Investment in Flash Partners Ltd. | 190,694 | 232,547 | |||||||||||||
Investment in Flash Alliance Ltd. | 283,999 | 342,048 | |||||||||||||
Investment in Flash Forward Ltd. | 66,731 | 65,653 | |||||||||||||
Total notes receivable and investments in Flash Ventures | $ | 1,134,620 | $ | 1,460,112 | |||||||||||
Other Noncurrent Assets | ' | ||||||||||||||
Other non-current assets were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Prepaid tax on intercompany transactions | $ | 37,747 | $ | 42,118 | |||||||||||
Prepayment to Flash Forward Ltd. | — | 5,144 | |||||||||||||
Convertible note issuance costs | 20,612 | 8,708 | |||||||||||||
Long-term prepaid income tax | 66,176 | 63,008 | |||||||||||||
Other non-current assets | 42,895 | 34,832 | |||||||||||||
Total other non-current assets | $ | 167,430 | $ | 153,810 | |||||||||||
Other Current Accrued Liabilities | ' | ||||||||||||||
Other current accrued liabilities were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Accrued payroll and related expenses | $ | 227,779 | $ | 102,269 | |||||||||||
Derivative contract payables | 45,741 | 13,584 | |||||||||||||
Taxes payable | 59,618 | 25,476 | |||||||||||||
Other accrued liabilities | 176,594 | 116,210 | |||||||||||||
Total other current accrued liabilities | $ | 509,732 | $ | 257,539 | |||||||||||
Non Current liabilities | ' | ||||||||||||||
Non-current liabilities were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Deferred tax liabilities | $ | 3,482 | $ | 28,672 | |||||||||||
Income tax liabilities | 205,266 | 208,629 | |||||||||||||
Deferred credits on intercompany transactions | 15,065 | 58,548 | |||||||||||||
Other non-current liabilities | 83,270 | 112,098 | |||||||||||||
Total non-current liabilities | $ | 307,083 | $ | 407,947 | |||||||||||
Schedule of Product Warranty Liability | ' | ||||||||||||||
The liability for warranty expense is included in Other current accrued liabilities and Non-current liabilities in the accompanying Consolidated Balance Sheets, and the activity was as follows (in thousands): | |||||||||||||||
Fiscal years ended | |||||||||||||||
December 29, | December 30, | January 1, | |||||||||||||
2013 | 2012 | 2012 | |||||||||||||
Balance, beginning of period | $ | 38,787 | $ | 26,957 | $ | 24,702 | |||||||||
Additions and adjustments to cost of revenue | 35,763 | 33,247 | 29,444 | ||||||||||||
Usage | (30,926 | ) | (21,417 | ) | (27,189 | ) | |||||||||
Balance, end of period | $ | 43,624 | $ | 38,787 | $ | 26,957 | |||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||||
AOCI presented in the accompanying Consolidated Balance Sheets consists of unrealized gains and losses on available-for-sale investments, foreign currency translation and hedging activities, net of tax, for all periods presented (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Accumulated net unrealized gain (loss) on: | |||||||||||||||
Available-for-sale investments | $ | 10,479 | $ | 15,919 | |||||||||||
Foreign currency translation | (47,440 | ) | 155,389 | ||||||||||||
Hedging activities | (39,498 | ) | (6,187 | ) | |||||||||||
Total accumulated other comprehensive income (loss) | $ | (76,459 | ) | $ | 165,121 | ||||||||||
Allocation Of Amount Of Income Tax Benefit Expense | ' | ||||||||||||||
The amount of income tax (benefit) expense allocated to the unrealized gain (loss) on available-for-sale investments, foreign currency translation and hedging activities was as follows (in thousands): | |||||||||||||||
Fiscal years ended | |||||||||||||||
December 29, | December 30, | January 1, | |||||||||||||
2013 | 2012 | 2012 | |||||||||||||
Available-for-sale investments | $ | (3,383 | ) | $ | 3,121 | $ | 3,342 | ||||||||
Foreign currency translation | (38,006 | ) | (23,791 | ) | 10,315 | ||||||||||
Hedging activities | — | — | 2,504 | ||||||||||||
$ | (41,389 | ) | $ | (20,670 | ) | $ | 16,161 | ||||||||
Reclassification Of Accumulated Other Comprehensive Income Amounts | ' | ||||||||||||||
The significant amounts reclassified out of each component of AOCI were as follows (in thousands): | |||||||||||||||
Fiscal years ended | |||||||||||||||
AOCI Component | December 29, | December 30, | January 1, | Statement of Operations | |||||||||||
2013 | 2012 | 2012 | Line Item | ||||||||||||
Unrealized gain on available-for-sale investments | $ | 2,375 | $ | 2,969 | $ | 34,549 | Interest (expense) and other income (expense), net | ||||||||
Tax impact | (1,122 | ) | (1,051 | ) | (2,119 | ) | Provision for income taxes | ||||||||
Unrealized gain on available-for-sale investments, net of tax | 1,253 | 1,918 | 32,430 | ||||||||||||
Unrealized holding gains (losses) on derivatives: | |||||||||||||||
Foreign exchange contracts | (41,523 | ) | (10,946 | ) | 27,985 | Cost of revenue | |||||||||
Equity market risk contract | — | — | (9,885 | ) | Interest (expense) and other income (expense), net | ||||||||||
Tax impact | — | — | 2,504 | Provision for income taxes | |||||||||||
Gain (loss) on cash flow hedging activities, net of tax | (41,523 | ) | (10,946 | ) | 20,604 | ||||||||||
Total reclassifications for the period, net of tax | $ | (40,270 | ) | $ | (9,028 | ) | $ | 53,034 | |||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||||||||
Property and equipment were as follows (in thousands): | |||||||||||||||
December 29, | December 30, | ||||||||||||||
2013 | 2012 | ||||||||||||||
Machinery and equipment | $ | 1,148,150 | $ | 1,124,701 | |||||||||||
Software | 171,733 | 148,014 | |||||||||||||
Buildings and building improvements | 261,471 | 227,651 | |||||||||||||
Capital land lease | 6,644 | 6,603 | |||||||||||||
Land | 24,427 | 24,427 | |||||||||||||
Furniture and fixtures | 20,481 | 10,106 | |||||||||||||
Leasehold improvements | 6,559 | 11,979 | |||||||||||||
Property and equipment, at cost | 1,639,465 | 1,553,481 | |||||||||||||
Accumulated depreciation and amortization | (983,671 | ) | (887,939 | ) | |||||||||||
Property and equipment, net | $ | 655,794 | $ | 665,542 | |||||||||||
Depreciation expense of property and equipment totaled $226.3 million, $161.9 million and $115.0 million in fiscal years 2013, 2012 and 2011, respectively. |
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||
Dec. 29, 2013 | ||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||
Goodwill and Intangible Assets | ' | |||||||||||||||
Goodwill balances and activity during fiscal year 2013 were as follows (in thousands): | ||||||||||||||||
Carrying Amount | ||||||||||||||||
Balance as of December 30, 2012 | $ | 201,735 | ||||||||||||||
Acquisition | 115,775 | |||||||||||||||
Adjustment | 601 | |||||||||||||||
Balance as of December 29, 2013 | $ | 318,111 | ||||||||||||||
Intangible Assets | ' | |||||||||||||||
Intangible asset balances were as follows (in thousands): | ||||||||||||||||
December 29, 2013 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Impairment | Net Carrying Amount | |||||||||||||
Developed product technology | $ | 348,385 | $ | (121,304 | ) | $ | (44,216 | ) | $ | 182,865 | ||||||
Customer relationships | 20,650 | (14,426 | ) | — | 6,224 | |||||||||||
Trademarks | 14,200 | (3,634 | ) | (2,812 | ) | 7,754 | ||||||||||
Covenants not to compete | 3,100 | (2,959 | ) | — | 141 | |||||||||||
Acquisition-related intangible assets | 386,335 | (142,323 | ) | (47,028 | ) | 196,984 | ||||||||||
Technology licenses and patents | 133,909 | (89,289 | ) | — | 44,620 | |||||||||||
Total intangible assets subject to amortization | 520,244 | (231,612 | ) | (47,028 | ) | 241,604 | ||||||||||
Acquired in-process research and development | 42,500 | — | (36,200 | ) | 6,300 | |||||||||||
Total intangible assets | $ | 562,744 | $ | (231,612 | ) | $ | (83,228 | ) | $ | 247,904 | ||||||
December 30, 2012 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Impairment | Net Carrying Amount | |||||||||||||
Developed product technology | $ | 200,960 | $ | (68,104 | ) | $ | — | $ | 132,856 | |||||||
Core technology | 79,800 | (79,800 | ) | — | — | |||||||||||
Customer relationships | 13,050 | (10,043 | ) | — | 3,007 | |||||||||||
Trademarks | 5,700 | (1,870 | ) | — | 3,830 | |||||||||||
Covenants not to compete | 3,100 | (1,618 | ) | — | 1,482 | |||||||||||
Acquisition-related intangible assets | 302,610 | (161,435 | ) | — | 141,175 | |||||||||||
Technology licenses and patents | 133,909 | (65,690 | ) | — | 68,219 | |||||||||||
Total intangible assets subject to amortization | 436,519 | (227,125 | ) | — | 209,394 | |||||||||||
Acquired in-process research and development | 38,385 | — | (860 | ) | 37,525 | |||||||||||
Total intangible assets | $ | 474,904 | $ | (227,125 | ) | $ | (860 | ) | $ | 246,919 | ||||||
Estimated Amortization Expense of Intangible Assets | ' | |||||||||||||||
The annual expected amortization expense of intangible assets subject to amortization as of December 29, 2013, is as follows (in thousands): | ||||||||||||||||
Acquisition-related Intangible Assets | Technology Licenses and Patents | |||||||||||||||
Fiscal year: | ||||||||||||||||
2014 | $ | 83,671 | $ | 21,231 | ||||||||||||
2015 | 48,114 | 20,056 | ||||||||||||||
2016 | 40,544 | 3,333 | ||||||||||||||
2017 | 24,655 | — | ||||||||||||||
Total intangible assets subject to amortization | $ | 196,984 | $ | 44,620 | ||||||||||||
Financing_Arrangements_Tables
Financing Arrangements (Tables) | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Debt Instrument | ' | |||||||||||
Schedule of Long-term Debt Instruments | ' | |||||||||||
The following table reflects the carrying value of the Company’s convertible debt (in thousands): | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
1% Notes due 2013 | $ | — | $ | 928,061 | ||||||||
Less: Unamortized bond discount | — | (21,353 | ) | |||||||||
Net carrying amount of 1% Notes due 2013 | — | 906,708 | ||||||||||
1.5% Notes due 2017 | 1,000,000 | 1,000,000 | ||||||||||
Less: Unamortized bond discount | (170,208 | ) | (210,087 | ) | ||||||||
Net carrying amount of 1.5% Notes due 2017 | 829,792 | 789,913 | ||||||||||
0.5% Notes due 2020 | 1,500,000 | — | ||||||||||
Less: Unamortized bond discount | (344,429 | ) | — | |||||||||
Net carrying amount of 0.5% Notes due 2020 | 1,155,571 | — | ||||||||||
Total convertible debt | 1,985,363 | 1,696,621 | ||||||||||
Less: Convertible short-term debt | — | (906,708 | ) | |||||||||
Convertible long-term debt | $ | 1,985,363 | $ | 789,913 | ||||||||
1% Sr. Convertible Notes due 2013 [Member] | ' | |||||||||||
Debt Instrument | ' | |||||||||||
Interest cost recognized for Convertible notes | ' | |||||||||||
The following table presents the amount of interest cost recognized relating to the contractual interest coupon, amortization of bond issuance costs and amortization of the bond discount on the liability component of the 1% Notes due 2013 (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
Contractual interest coupon | $ | 3,481 | $ | 9,280 | $ | 10,692 | ||||||
Amortization of bond issuance costs | 1,013 | 2,783 | 4,345 | |||||||||
Amortization of bond discount | 21,022 | 53,599 | 56,424 | |||||||||
Total interest cost recognized | $ | 25,516 | $ | 65,662 | $ | 71,461 | ||||||
1.5% Sr. Convertible Notes due 2017 [Member] | ' | |||||||||||
Debt Instrument | ' | |||||||||||
Interest cost recognized for Convertible notes | ' | |||||||||||
The following table presents the amount of interest cost recognized relating to the contractual interest coupon, amortization of bond issuance costs and amortization of the bond discount on the liability component of the 1.5% Notes due 2017 (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
Contractual interest coupon | $ | 15,000 | $ | 15,000 | $ | 15,000 | ||||||
Amortization of bond issuance costs | 2,667 | 2,666 | 2,695 | |||||||||
Amortization of bond discount | 39,095 | 36,364 | 34,140 | |||||||||
Total interest cost recognized | $ | 56,762 | $ | 54,030 | $ | 51,835 | ||||||
0.5% Sr. Convertible Notes due 2020 [Member] | ' | |||||||||||
Debt Instrument | ' | |||||||||||
Interest cost recognized for Convertible notes | ' | |||||||||||
The following table presents the amount of interest cost recognized relating to the contractual interest coupon, amortization of bond issuance costs and amortization of the bond discount on the liability component of the 0.5% Notes due 2020 (in thousands): | ||||||||||||
Fiscal year ended | ||||||||||||
December 29, | ||||||||||||
2013 | ||||||||||||
Contractual interest coupon | $ | 1,271 | ||||||||||
Amortization of bond issuance costs | 439 | |||||||||||
Amortization of bond discount | 7,486 | |||||||||||
Total interest cost recognized | $ | 9,196 | ||||||||||
Concentration_of_Risk_and_Segm1
Concentration of Risk and Segment Information (Tables) | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Revenues from External Customers and Long-Lived Assets | ' | |||||||||||
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | ' | |||||||||||
Revenue by geographic areas for fiscal years 2013, 2012 and 2011 were as follows (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
United States | $ | 877,759 | $ | 714,293 | $ | 853,830 | ||||||
China | 1,887,207 | 1,195,617 | 872,295 | |||||||||
South Korea | 496,030 | 384,409 | 617,119 | |||||||||
Taiwan | 958,705 | 981,801 | 1,419,836 | |||||||||
Other Asia-Pacific | 867,897 | 905,882 | 987,215 | |||||||||
Europe, Middle East and Africa | 780,079 | 642,494 | 688,538 | |||||||||
Other foreign countries | 302,326 | 228,013 | 223,312 | |||||||||
Total | $ | 6,170,003 | $ | 5,052,509 | $ | 5,662,145 | ||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | ' | |||||||||||
Long-lived assets by geographic area were as follows (in thousands): | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
United States | $ | 313,959 | $ | 257,655 | ||||||||
Japan | 553,318 | 661,393 | ||||||||||
China | 299,704 | 350,873 | ||||||||||
Other foreign countries | 47,070 | 38,702 | ||||||||||
Total | $ | 1,214,051 | $ | 1,308,623 | ||||||||
Equity_and_ShareBased_Compensa
Equity and Share-Based Compensation (Tables) | 12 Months Ended | ||||||||||||
Dec. 29, 2013 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||
Dividends Declared | ' | ||||||||||||
Through December 29, 2013, the Company’s Board of Directors declared the following dividends: | |||||||||||||
Declaration Date | Dividend per Share | Record Date | Total Amount Declared | Payment Date | |||||||||
(In millions) | |||||||||||||
July 30, 2013 | $ | 0.225 | August 12, 2013 | $ | 51.6 | August 30, 2013 | |||||||
October 15, 2013 | 0.225 | November 4, 2013 | 51.5 | November 25, 2013 | |||||||||
Fair value of stock options granted to employees, officers and non-employee board members and ESPP shares granted to employees | ' | ||||||||||||
The fair value of the Company’s stock options granted, excluding unvested stock options assumed through acquisitions, was estimated using the following weighted average assumptions: | |||||||||||||
Fiscal years ended | |||||||||||||
December 29, | December 30, | January 1, | |||||||||||
2013 | 2012 | 2012 | |||||||||||
Dividend yield | 0% - 1.63% | —% | —% | ||||||||||
Expected volatility | 0.37 | 0.43 | 0.43 | ||||||||||
Risk-free interest rate | 0.74% | 0.60% | 1.49% | ||||||||||
Expected term | 4.4 years | 4.3 years | 4.3 years | ||||||||||
Estimated annual forfeiture rate | 8.51% | 8.59% | 8.57% | ||||||||||
Weighted average fair value at grant date | $16.26 | $16.45 | $17.37 | ||||||||||
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions | ' | ||||||||||||
The fair value of the Company’s ESPP shares for plans entered into during the fiscal year was estimated using the following weighted average assumptions: | |||||||||||||
Fiscal years ended | |||||||||||||
December 29, | December 30, | January 1, | |||||||||||
2013 | 2012 | 2012 | |||||||||||
Dividend yield | 0% - 1.63% | —% | —% | ||||||||||
Expected volatility | 0.34 | 0.41 | 0.43 | ||||||||||
Risk-free interest rate | 0.11% | 0.15% | 0.13% | ||||||||||
Expected term | ½ year | ½ year | ½ year | ||||||||||
Weighted average fair value at purchase date | $13.08 | $11.87 | $12.17 | ||||||||||
Stock options and stock appreciation rights | ' | ||||||||||||
A summary of stock option and stock appreciation rights (“SARs”) activity under all of the Company’s share-based compensation plans as of December 29, 2013 and changes during the three fiscal years ended December 29, 2013 is presented below (in thousands, except for weighted average exercise price and remaining contractual term): | |||||||||||||
Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value | ||||||||||
Options and SARs outstanding at January 2, 2011 | 20,393 | $ | 32.18 | 3.8 | $ | 393,996 | |||||||
Granted | 3,157 | 44.96 | |||||||||||
Exercised | (5,310 | ) | 24.81 | 126,929 | |||||||||
Forfeited | (536 | ) | 29.09 | ||||||||||
Expired | (354 | ) | 51.79 | ||||||||||
Options assumed through acquisition | 209 | 4.35 | |||||||||||
Options and SARs outstanding at January 1, 2012 | 17,559 | 36.55 | 3.4 | 257,251 | |||||||||
Granted | 2,336 | 46.49 | |||||||||||
Exercised | (3,403 | ) | 21.32 | 81,622 | |||||||||
Forfeited | (469 | ) | 38.12 | ||||||||||
Expired | (597 | ) | 53.1 | ||||||||||
Options and SARs outstanding at December 30, 2012 | 15,426 | 40.73 | 3.2 | 109,411 | |||||||||
Granted | 1,142 | 52.69 | |||||||||||
Exercised | (7,362 | ) | 35.53 | 163,992 | |||||||||
Forfeited | (433 | ) | 43.72 | ||||||||||
Expired | (2,363 | ) | 60.7 | ||||||||||
Options assumed through acquisition | 183 | 19.37 | |||||||||||
Options and SARs outstanding at December 29, 2013 | 6,593 | 40.66 | 4.2 | 195,018 | |||||||||
Options and SARs vested and expected to vest after December 29, 2013, net of forfeitures | 6,291 | 40.31 | 4.1 | 188,288 | |||||||||
Options and SARs exercisable at December 29, 2013 | 3,208 | 33.99 | 3.1 | 116,294 | |||||||||
Summary of the changes in RSUs outstanding | ' | ||||||||||||
A summary of the changes in RSUs outstanding under the Company’s share-based compensation plans during the three fiscal years ended December 29, 2013 is presented below (in thousands, except for weighted average grant date fair value): | |||||||||||||
Shares | Weighted Average Grant Date Fair Value | Aggregate Intrinsic Value | |||||||||||
Non-vested share units at January 2, 2011 | 1,244 | $ | 28.64 | $ | 62,007 | ||||||||
Granted | 1,335 | 47.56 | |||||||||||
Vested | (396 | ) | 29.63 | 19,309 | |||||||||
Forfeited | (132 | ) | 37.24 | ||||||||||
Non-vested share units at January 1, 2012 | 2,051 | 40.22 | 100,913 | ||||||||||
Granted | 1,840 | 45.04 | |||||||||||
Vested | (646 | ) | 47.75 | 29,479 | |||||||||
Forfeited | (227 | ) | 42.85 | ||||||||||
Assumed through acquisition | 59 | 46.63 | |||||||||||
Non-vested share units at December 30, 2012 | 3,077 | 43.51 | 131,622 | ||||||||||
Granted | 2,665 | 53.99 | |||||||||||
Vested | (950 | ) | 41.97 | 50,268 | |||||||||
Forfeited | (338 | ) | 46.93 | ||||||||||
Non-vested share units at December 29, 2013 | 4,454 | 49.87 | 221,457 | ||||||||||
Share-based compensation expense | ' | ||||||||||||
The following tables set forth the detailed allocation of the share-based compensation expense (in thousands): | |||||||||||||
Fiscal years ended | |||||||||||||
December 29, | December 30, | January 1, | |||||||||||
2013 | 2012 | 2012 | |||||||||||
Share-based compensation expense by caption: | |||||||||||||
Cost of revenue | $ | 9,820 | $ | 7,459 | $ | 4,674 | |||||||
Research and development | 51,521 | 41,009 | 34,202 | ||||||||||
Sales and marketing | 19,193 | 14,585 | 10,593 | ||||||||||
General and administrative | 19,222 | 15,390 | 13,641 | ||||||||||
Total share-based compensation expense | 99,756 | 78,443 | 63,110 | ||||||||||
Total tax benefit recognized | (28,183 | ) | (20,122 | ) | (17,008 | ) | |||||||
Decrease in net income | $ | 71,573 | $ | 58,321 | $ | 46,102 | |||||||
Share-based compensation expense by type of award: | |||||||||||||
Stock options and SARs | $ | 32,803 | $ | 35,428 | $ | 33,684 | |||||||
RSUs | 59,962 | 35,260 | 22,355 | ||||||||||
ESPP | 6,991 | 7,755 | 7,071 | ||||||||||
Total share-based compensation expense | 99,756 | 78,443 | 63,110 | ||||||||||
Total tax benefit recognized | (28,183 | ) | (20,122 | ) | (17,008 | ) | |||||||
Decrease in net income | $ | 71,573 | $ | 58,321 | $ | 46,102 | |||||||
Fair value of options and RSUs | ' | ||||||||||||
The total grant date fair value of options and RSUs vested during the three fiscal years ended December 29, 2013 was as follows (in thousands): | |||||||||||||
Fiscal years ended | |||||||||||||
December 29, | December 30, | January 1, | |||||||||||
2013 | 2012 | 2012 | |||||||||||
Fair value of options vested | $ | 36,703 | $ | 37,674 | $ | 33,868 | |||||||
Fair value of RSUs vested | 39,885 | 24,327 | 11,747 | ||||||||||
Total fair value of options and RSUs vested | $ | 76,588 | $ | 62,001 | $ | 45,615 | |||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Income Tax Contingency [Line Items] | ' | |||||||||||
Rollforward Of Unrecognized Tax Benefits Text Block | ' | |||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): | ||||||||||||
Balance at January 1, 2012 | $ | 185,826 | ||||||||||
Additions: | ||||||||||||
Tax positions related to current year | 8,164 | |||||||||||
Tax positions related to prior years | 942 | |||||||||||
Reductions: | ||||||||||||
Tax positions related to prior years | (7,186 | ) | ||||||||||
Expiration of statute of limitations | (2,003 | ) | ||||||||||
Foreign currency translation adjustment | (6,221 | ) | ||||||||||
Balance at December 30, 2012 | 179,522 | |||||||||||
Additions: | ||||||||||||
Tax positions related to current year | 8,255 | |||||||||||
Tax positions related to prior years | 15,938 | |||||||||||
Reductions: | ||||||||||||
Tax positions related to prior years | (1,737 | ) | ||||||||||
Expiration of statute of limitations | (7,419 | ) | ||||||||||
Foreign currency translation adjustment | (9,309 | ) | ||||||||||
Balance at December 29, 2013 | $ | 185,250 | ||||||||||
Income Tax Expense Benefit Continuing Operations Text Block | ' | |||||||||||
The provision for income taxes consists of the following (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
Current: | ||||||||||||
Federal | $ | 359,012 | $ | 74,258 | $ | 447,126 | ||||||
State | 9,972 | (824 | ) | 12,708 | ||||||||
Foreign | 103,981 | 101,710 | 104,760 | |||||||||
472,965 | 175,144 | 564,594 | ||||||||||
Deferred: | ||||||||||||
Federal | 27,328 | 45,383 | (60,934 | ) | ||||||||
State | 2,645 | 1,634 | (49 | ) | ||||||||
Foreign | (29,446 | ) | (12,649 | ) | (13,847 | ) | ||||||
527 | 34,368 | (74,830 | ) | |||||||||
Provision for income taxes | $ | 473,492 | $ | 209,512 | $ | 489,764 | ||||||
Income Loss Before Provision For Income Taxes Text Block | ' | |||||||||||
Income before provision for income taxes consisted of the following (in thousands): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
United States | $ | 1,436,470 | $ | 518,509 | $ | 1,242,529 | ||||||
International | 79,679 | 108,407 | 234,225 | |||||||||
Total | $ | 1,516,149 | $ | 626,916 | $ | 1,476,754 | ||||||
Reconciliation Of Federal Statutory Rates To Effective Income Tax Rate Text Block | ' | |||||||||||
The Company’s provision for income taxes differs from the amount computed by applying the federal statutory rates to income before taxes as follows: | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
U.S. federal statutory rate | 35 | % | 35 | % | 35 | % | ||||||
State taxes, net of federal benefit | 0.6 | (0.3 | ) | 0.5 | ||||||||
Non-deductible share-based compensation expense | 0.5 | 1.3 | 0.4 | |||||||||
Valuation allowance | (0.1 | ) | 0.2 | 0.4 | ||||||||
Tax-exempt interest income | (0.7 | ) | (1.9 | ) | (0.9 | ) | ||||||
Foreign earnings at other than U.S. rates | (2.9 | ) | (1.2 | ) | (1.8 | ) | ||||||
Other | (1.2 | ) | 0.3 | (0.4 | ) | |||||||
Effective income tax rates | 31.2 | % | 33.4 | % | 33.2 | % | ||||||
Deferred Tax Assets Liabilities Net Text Block | ' | |||||||||||
Significant components of the Company’s net deferred tax assets were as follows (in thousands): | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets: | ||||||||||||
Deferred income on shipments to distributors and retailers and deferred revenue recognized for tax purposes | $ | 68,117 | $ | 46,679 | ||||||||
Accruals and reserves not currently deductible | 63,236 | 51,636 | ||||||||||
Depreciation and amortization not currently deductible | 81,245 | 54,474 | ||||||||||
Deductible share-based compensation | 28,684 | 61,014 | ||||||||||
Unrealized loss on investments | 13,620 | 9,879 | ||||||||||
Unrealized foreign exchange loss | 8,061 | 45,122 | ||||||||||
Net operating loss carryforwards | 36,422 | 40,092 | ||||||||||
Tax credit carryforwards | 37,905 | 25,187 | ||||||||||
Other | 24,667 | 22,218 | ||||||||||
Gross deferred tax assets | 361,957 | 356,301 | ||||||||||
Valuation allowance | (52,105 | ) | (37,259 | ) | ||||||||
Deferred tax assets, net of valuation allowance | 309,852 | 319,042 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Acquired intangible assets | (2,701 | ) | (3,820 | ) | ||||||||
Unrealized gain on investments | (5,939 | ) | (9,324 | ) | ||||||||
Unrealized foreign exchange gain | (3,127 | ) | (43,327 | ) | ||||||||
U.S. taxes provided on unremitted earnings of foreign subsidiaries | (28,844 | ) | (28,844 | ) | ||||||||
Total deferred tax liabilities | (40,611 | ) | (85,315 | ) | ||||||||
Net deferred tax assets | $ | 269,241 | $ | 233,727 | ||||||||
Net_Income_Per_Share_Tables
Net Income Per Share (Tables) | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Computation of basic and diluted net income (loss) per share | ' | |||||||||||
The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts): | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
Numerator for basic net income per share: | ||||||||||||
Net income | $ | 1,042,657 | $ | 417,404 | $ | 986,990 | ||||||
Denominator for basic net income per share: | ||||||||||||
Weighted average common shares outstanding | 234,886 | 242,076 | 239,484 | |||||||||
Basic net income per share | $ | 4.44 | $ | 1.72 | $ | 4.12 | ||||||
Numerator for diluted net income per share: | ||||||||||||
Net income | $ | 1,042,657 | $ | 417,404 | $ | 986,990 | ||||||
Denominator for diluted net income per share: | ||||||||||||
Weighted average common shares outstanding | 234,886 | 242,076 | 239,484 | |||||||||
Incremental common shares attributable to exercise of outstanding employee stock options, SARs and ESPP (assuming proceeds would be used to purchase common stock), and RSUs | 3,263 | 3,177 | 5,069 | |||||||||
1.5% Notes due 2017 | 2,087 | — | — | |||||||||
Shares used in computing diluted net income per share | 240,236 | 245,253 | 244,553 | |||||||||
Diluted net income per share | $ | 4.34 | $ | 1.7 | $ | 4.04 | ||||||
Anti-dilutive shares excluded from net income per share calculation | 53,485 | 70,309 | 68,079 | |||||||||
Commitments_Contingencies_and_1
Commitments Contingencies and Guarantees (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 29, 2013 | |||||||||||||||||||||
Commitments Contingencies and Guarantees [Abstract] | ' | ||||||||||||||||||||
Company's portion of the remaining guarantee obligations under each of Flash Ventures' master lease facilities | ' | ||||||||||||||||||||
The following table details the Company’s portion of the remaining guarantee obligations under each of Flash Ventures’ master lease facilities (both original and refinanced leases) in both Japanese yen (in billions) and U.S. dollar (in thousands) equivalent based upon the exchange rate at December 29, 2013. | |||||||||||||||||||||
Master Lease Agreements by Execution Date | Lease Type | Lease Amounts | Expiration | ||||||||||||||||||
(Japanese yen) | (U.S. dollar) | ||||||||||||||||||||
Flash Partners | |||||||||||||||||||||
April 2010 | Refinanced | ¥ | 1 | $ | 9,675 | 2014 | |||||||||||||||
January 2011 | Refinanced | 1.7 | 15,768 | 2014 | |||||||||||||||||
Nov-11 | Refinanced | 4.5 | 42,640 | 2014 | |||||||||||||||||
Mar-12 | Refinanced | 3.2 | 30,917 | 2015 | |||||||||||||||||
10.4 | 99,000 | ||||||||||||||||||||
Flash Alliance | |||||||||||||||||||||
Mar-12 | Original | 7.1 | 67,633 | 2017 | |||||||||||||||||
Jul-12 | Refinanced | 13.4 | 127,945 | 2017 | |||||||||||||||||
20.5 | 195,578 | ||||||||||||||||||||
Flash Forward | |||||||||||||||||||||
Nov-11 | Original | 11.1 | 105,320 | 2016 | |||||||||||||||||
Mar-12 | Original | 7 | 66,470 | 2017 | |||||||||||||||||
Jul-12 | Original | 2.6 | 25,189 | 2017 | |||||||||||||||||
20.7 | 196,979 | ||||||||||||||||||||
Total guarantee obligations | ¥ | 51.6 | $ | 491,557 | |||||||||||||||||
Remaining guarantee obligations | ' | ||||||||||||||||||||
The following table details the breakdown of the Company’s remaining guarantee obligations between the principal amortization and the purchase option exercise price at the end of the term of the master lease agreements, in annual installments as of December 29, 2013 in U.S. dollars based upon the yen/dollar exchange rate at December 29, 2013 (in thousands). | |||||||||||||||||||||
Annual Installments | Payment of Principal Amortization | Purchase Option Exercise Price at Final Lease Terms | Guarantee Amount | ||||||||||||||||||
Year 1 | $ | 148,038 | $ | 42,233 | $ | 190,271 | |||||||||||||||
Year 2 | 103,858 | 17,319 | 121,177 | ||||||||||||||||||
Year 3 | 71,348 | 11,748 | 83,096 | ||||||||||||||||||
Year 4 | 28,696 | 66,716 | 95,412 | ||||||||||||||||||
Year 5 | 1,601 | — | 1,601 | ||||||||||||||||||
Total guarantee obligations | $ | 353,541 | $ | 138,016 | $ | 491,557 | |||||||||||||||
Contractual Obligations | ' | ||||||||||||||||||||
Contractual cash obligations and commitments as of December 29, 2013 are as follows (in thousands): | |||||||||||||||||||||
Total | 1 Year (Fiscal 2014) | 2 – 3 Years (Fiscal 2015 and 2016) | 4 – 5 Years (Fiscal 2017 and 2018) | More than 5 Years (Beyond Fiscal 2018) | |||||||||||||||||
Facility and other operating leases | $ | 17,230 | (5) | $ | 7,177 | $ | 8,067 | $ | 1,909 | $ | 77 | ||||||||||
Flash Partners (1) | 378,021 | (5)(6) | 147,448 | 160,581 | 66,670 | 3,322 | |||||||||||||||
Flash Alliance (1) | 1,616,360 | (5)(6) | 683,292 | 583,158 | 313,211 | 36,699 | |||||||||||||||
Flash Forward (1) | 894,567 | (5)(6) | 391,188 | 321,920 | 157,504 | 23,955 | |||||||||||||||
Toshiba research and development | 54,042 | (5) | 39,042 | 15,000 | — | — | |||||||||||||||
Capital equipment purchase commitments | 29,980 | 21,790 | 8,187 | 3 | — | ||||||||||||||||
1.5% Convertible senior notes principal and interest (2) | 1,060,000 | 15,000 | 30,000 | 1,015,000 | — | ||||||||||||||||
0.5% Convertible senior notes principal and interest (3) | 1,552,250 | 7,250 | 15,000 | 15,000 | 1,515,000 | ||||||||||||||||
Operating expense commitments | 32,659 | 30,340 | 2,319 | — | — | ||||||||||||||||
Noncancelable production purchase commitments (4) | 233,976 | (5) | 233,976 | — | — | — | |||||||||||||||
Total contractual cash obligations | $ | 5,869,085 | $ | 1,576,503 | $ | 1,144,232 | $ | 1,569,297 | $ | 1,579,053 | |||||||||||
(1) | Includes reimbursement for depreciation and lease payments on owned and committed equipment, funding commitments for loans and equity investments and reimbursement for other committed expenses. Funding commitments assume no additional operating lease guarantees; new operating lease guarantees can reduce funding commitments. | ||||||||||||||||||||
(2) | In August 2010, the Company issued and sold $1.0 billion in aggregate principal amount of 1.5% Notes due 2017. The Company will pay cash interest on the outstanding notes at an annual rate of 1.5%, payable semi-annually on August 15 and February 15 of each year until August 15, 2017. | ||||||||||||||||||||
(3) | In October 2013, the Company issued and sold $1.5 billion in aggregate principal amount of 0.5% Notes due 2020. The Company will pay cash interest on the outstanding notes at an annual rate of 0.5%, payable semi-annually on April 15 and October 15 of each year until October 15, 2020. | ||||||||||||||||||||
(4) | Includes Flash Ventures, related party vendors and other silicon source vendor purchase commitments. | ||||||||||||||||||||
(5) | Includes amounts denominated in a currency other than the U.S. dollar, which are subject to fluctuation in exchange rates prior to payment and have been translated using the exchange rate at December 29, 2013. | ||||||||||||||||||||
(6) | Excludes amounts related to the master lease agreements’ purchase option exercise price at final lease term. | ||||||||||||||||||||
Off Balance Sheet Arrangements | ' | ||||||||||||||||||||
Off-balance sheet arrangements are as follows (in thousands): | |||||||||||||||||||||
December 29, | |||||||||||||||||||||
2013 | |||||||||||||||||||||
Guarantee of Flash Ventures equipment leases (1) | $ | 491,557 | |||||||||||||||||||
(1) | The Company’s guarantee obligation, net of cumulative lease payments, was 51.6 billion Japanese yen, or approximately $492 million based upon the exchange rate at December 29, 2013. | ||||||||||||||||||||
Operating leases future minimum payments | ' | ||||||||||||||||||||
The Company leases many of its office facilities and operating equipment for various terms under long-term, noncancelable operating lease agreements. The leases expire at various dates from fiscal year 2014 through fiscal year 2019. Future minimum lease payments are presented below (in thousands): | |||||||||||||||||||||
Future minimum lease payments | |||||||||||||||||||||
Fiscal year: | |||||||||||||||||||||
2014 | $ | 7,717 | |||||||||||||||||||
2015 | 6,083 | ||||||||||||||||||||
2016 | 2,695 | ||||||||||||||||||||
2017 | 1,370 | ||||||||||||||||||||
2018 | 539 | ||||||||||||||||||||
2019 | 77 | ||||||||||||||||||||
18,481 | |||||||||||||||||||||
Sublease income to be received in the future under noncancelable subleases | (1,251 | ) | |||||||||||||||||||
Net operating leases | $ | 17,230 | |||||||||||||||||||
Net rent expense | ' | ||||||||||||||||||||
Net rent expense was as follows (in thousands): | |||||||||||||||||||||
Fiscal years ended | |||||||||||||||||||||
December 29, | December 30, | January 1, | |||||||||||||||||||
2013 | 2012 | 2012 | |||||||||||||||||||
Rent expense, net | $ | 6,473 | $ | 6,366 | $ | 7,926 | |||||||||||||||
Related_Parties_and_Strategic_1
Related Parties and Strategic Investments (Tables) | 12 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Related Party Transactions [Abstract] | ' | |||||||||||
Summarized Aggregate Balance Sheet Information For Joint Venture Text Block | ' | |||||||||||
The following summarizes the aggregated financial information for Flash Ventures, which includes both the Company and Toshiba’s portions (in millions). | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
(Unaudited) | ||||||||||||
Current assets | $ | 631 | $ | 683 | ||||||||
Property, plant, equipment and other assets | 2,802 | 2,902 | ||||||||||
Total assets | $ | 3,433 | $ | 3,585 | ||||||||
Current liabilities | $ | 1,144 | $ | 653 | ||||||||
Long-term liabilities | 1,186 | 1,640 | ||||||||||
Maximum reasonably estimable loss exposure (excluding lost profits), based upon the exchange rate | ' | |||||||||||
The Company’s maximum reasonably estimable loss exposure (excluding lost profits), based upon the exchange rate at each respective balance sheet date, as a result of its involvement with Flash Ventures is presented below (in millions). The Flash Venture investments are denominated in Japanese yen and the maximum possible loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar. | ||||||||||||
December 29, | December 30, | |||||||||||
2013 | 2012 | |||||||||||
Notes receivable | $ | 593 | $ | 820 | ||||||||
Equity investments | 541 | 640 | ||||||||||
Operating lease guarantees | 492 | 926 | ||||||||||
Prepayments | 5 | 26 | ||||||||||
Maximum loss exposure | $ | 1,631 | $ | 2,412 | ||||||||
Summarized Aggregate Income Statement Information For Joint Venture Text Block | ' | |||||||||||
The following summarizes the aggregated financial information for Flash Ventures, which includes both the Company and Toshiba’s portions, for fiscal years 2013, 2012 and 2011, respectively (in millions). Flash Ventures’ year-ends are March 31, with quarters ending on March 31, June 30, September 30 and December 31. | ||||||||||||
Fiscal years ended | ||||||||||||
December 29, | December 30, | January 1, | ||||||||||
2013 | 2012 | 2012 | ||||||||||
(Unaudited) | ||||||||||||
Net sales(1) | $ | 3,589 | $ | 4,787 | $ | 4,577 | ||||||
Gross profit (loss) | 31 | 8 | (2 | ) | ||||||||
Net income (loss) | 28 | (15 | ) | 5 | ||||||||
Business_Acquisition_Tables
Business Acquisition (Tables) | 12 Months Ended | |||
Dec. 29, 2013 | ||||
Business Combinations [Abstract] | ' | |||
Purchase price comprised of business acquisition | ' | |||
The total purchase price was comprised of the following (in thousands): | ||||
Purchase Price | ||||
Cash consideration | $ | 304,982 | ||
Estimated fair value of replacement stock options related to pre-combination service | 136 | |||
Total purchase price | $ | 305,118 | ||
Allocation of purchase price to tangible assets acquired and liabilities assumed | ' | |||
The allocation of the SMART Storage purchase price to the tangible assets acquired and liabilities acquired as of August 22, 2013 is summarized below (in thousands): | ||||
Acquired Tangible Assets and Liabilities | ||||
Cash | $ | 804 | ||
Accounts receivable, net | 7,827 | |||
Inventory | 29,331 | |||
Deferred taxes - current | 921 | |||
Other current assets | 28,002 | |||
Property and equipment | 5,734 | |||
Deferred taxes - non-current | 3,338 | |||
Other non-current assets | 149 | |||
Total assets | 76,106 | |||
Accounts payable | (11,746 | ) | ||
Other current liabilities | (34,538 | ) | ||
Non-current liabilities | (8,979 | ) | ||
Total liabilities | (55,263 | ) | ||
Net tangible assets | $ | 20,843 | ||
Intangible Assets and Goodwill as Part of Business Combination [Table Text Block] | ' | |||
The following table presents the allocation of the SMART Storage purchase price (in thousands): | ||||
Purchase Price Allocation | ||||
Net tangible assets | $ | 20,843 | ||
Intangible assets: | ||||
Developed technology | 146,100 | |||
Trademarks | 8,500 | |||
Customer relationships | 7,600 | |||
In-process research and development | 6,300 | |||
Total intangible assets | 168,500 | |||
Goodwill | 115,775 | |||
Total purchase price | $ | 305,118 | ||
Supplementary_Financial_Data_T
Supplementary Financial Data (Tables) | 12 Months Ended | |||||||||||||||
Dec. 29, 2013 | ||||||||||||||||
Supplementary Financial Data [Abstract] | ' | |||||||||||||||
Additional Supplementary Financial Data Text Block | ' | |||||||||||||||
Supplementary Financial Data (Unaudited) | ||||||||||||||||
Fiscal quarters ended | ||||||||||||||||
March 31, | June 30, | September 29, | December 29, | |||||||||||||
2013 | 2013 | 2013 | 2013 | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
2013 | ||||||||||||||||
Revenue | $ | 1,340,729 | $ | 1,476,263 | $ | 1,625,153 | $ | 1,727,858 | ||||||||
Gross profit | 531,516 | 676,819 | 801,993 | 857,155 | ||||||||||||
Operating income | 253,791 | 392,558 | 408,448 | 507,413 | ||||||||||||
Net income | $ | 166,229 | $ | 261,789 | $ | 276,859 | $ | 337,780 | ||||||||
Net income per share | ||||||||||||||||
Basic | $ | 0.69 | $ | 1.08 | $ | 1.2 | $ | 1.5 | ||||||||
Diluted | $ | 0.68 | $ | 1.06 | $ | 1.18 | $ | 1.45 | ||||||||
Fiscal quarters ended | ||||||||||||||||
April 1, | July 1, | September 30, | December 30, | |||||||||||||
2012 | 2012 | 2012 | 2012 | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
2012 | ||||||||||||||||
Revenue | $ | 1,205,561 | $ | 1,032,255 | $ | 1,273,190 | $ | 1,541,503 | ||||||||
Gross profit | 416,510 | 280,777 | 382,921 | 603,012 | ||||||||||||
Operating income | 191,864 | 36,183 | 132,073 | 335,975 | ||||||||||||
Net income | $ | 114,385 | $ | 12,969 | $ | 76,507 | $ | 213,543 | ||||||||
Net income per share | ||||||||||||||||
Basic | $ | 0.47 | $ | 0.05 | $ | 0.32 | $ | 0.88 | ||||||||
Diluted | $ | 0.46 | $ | 0.05 | $ | 0.31 | $ | 0.87 | ||||||||
Organization_and_Summary_of_Si2
Organization and Summary of Significant Accounting Policies (Details Textuals) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
USD ($) | USD ($) | USD ($) | JPY (¥) | JPY (¥) | JPY (¥) | |
Organization and Presentation | ' | ' | ' | ' | ' | ' |
Exchange rate used to translate Japanese yen to U.S. dollar | ' | ' | ' | 104.94 | 85.99 | 77.17 |
Number of Weeks in Fiscal Year | 52 | 52 | 52 | ' | ' | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ($3.30) | ($2.80) | $18.80 | ' | ' | ' |
Advertising Expense | $19.60 | $16.20 | $11.40 | ' | ' | ' |
Investments_and_Fair_Value_Mea3
Investments and Fair Value Measurements-Cash and Mkt Securities (Details 1) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Jan. 02, 2011 |
In Thousands, unless otherwise specified | ||||
Cash, Cash Equivalents and Marketable Securities [Abstract] | ' | ' | ' | ' |
Cash and Cash Equivalents | $986,246 | $995,470 | $1,167,496 | $829,149 |
Short-term marketable securities | 1,919,611 | 1,880,034 | ' | ' |
Long-term marketable securities | 3,179,471 | 2,835,931 | ' | ' |
Total cash, cash equivalents and marketable securities | $6,085,328 | $5,711,435 | ' | ' |
Investments_and_Fair_Value_Mea4
Investments and Fair Value Measurements-Fin Assets and Liabilities 1 (Details 2) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Derivative liabilities | $45,741,000 | $13,584,000 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Total financial assets | 0 | 0 |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Total financial liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Total financial assets | 5,906,393,000 | 5,548,126,000 |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Total financial liabilities | 45,859,000 | 13,584,000 |
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Total financial assets | 920,557,000 | 610,129,000 |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Total financial liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Total financial assets | 4,985,836,000 | 4,937,997,000 |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Total financial liabilities | 45,859,000 | 13,584,000 |
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Total financial assets | 0 | 0 |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Total financial liabilities | 0 | 0 |
Derivative Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Derivative liabilities | 45,859,000 | 13,584,000 |
Derivative Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Derivative liabilities | 0 | 0 |
Derivative Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Derivative liabilities | 45,859,000 | 13,584,000 |
Derivative Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Financial Liabilities measured at fair value on a recurring basis | ' | ' |
Derivative liabilities | 0 | 0 |
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Money market funds | 760,363,000 | 582,743,000 |
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Money market funds | 760,363,000 | 582,743,000 |
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Money market funds | 0 | 0 |
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Money market funds | 0 | 0 |
Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Fixed income securities | 5,145,253,000 | 4,945,325,000 |
Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Fixed income securities | 160,194,000 | 27,386,000 |
Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Fixed income securities | 4,985,059,000 | 4,917,939,000 |
Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Fixed income securities | 0 | 0 |
Derivative Assets [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Derivative assets | 777,000 | 20,058,000 |
Derivative Assets [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Derivative assets | 0 | 0 |
Derivative Assets [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Derivative assets | 777,000 | 20,058,000 |
Derivative Assets [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Financial assets measured at fair value on a recurring basis | ' | ' |
Derivative assets | $0 | $0 |
Investments_and_Fair_Value_Mea5
Investments and Fair Value Measurements-Fin Assets and Liabilities 2 (Details 3) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Short-term marketable securities | $1,919,611,000 | $1,880,034,000 | ||
Long-term marketable securities | 3,179,471,000 | 2,835,931,000 | ||
Other current assets | 166,885,000 | 260,879,000 | ||
Other current assets and other non-current assets | 167,430,000 | 153,810,000 | ||
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Total financial assets | 0 | 0 | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Total financial liabilities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Total financial assets | 5,906,393,000 | 5,548,126,000 | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Total financial liabilities | 45,859,000 | 13,584,000 | ||
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Total financial assets | 920,557,000 | 610,129,000 | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Total financial liabilities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Total financial assets | 4,985,836,000 | 4,937,997,000 | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Total financial liabilities | 45,859,000 | 13,584,000 | ||
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Total financial assets | 0 | 0 | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Total financial liabilities | 0 | 0 | ||
Other Current Accued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Other Current Accrued Liabilities, Fair Value Disclosure | 45,741,000 | 13,584,000 | ||
Other Current Accued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Other Current Accrued Liabilities, Fair Value Disclosure | 0 | 0 | ||
Other Current Accued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Other Current Accrued Liabilities, Fair Value Disclosure | 45,741,000 | 13,584,000 | ||
Other Current Accued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Other Current Accrued Liabilities, Fair Value Disclosure | 0 | 0 | ||
Non-current Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Other liabilities, Fair Value Disclosure | 118,000 | 0 | ||
Non-current Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Other liabilities, Fair Value Disclosure | 0 | 0 | ||
Non-current Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Other liabilities, Fair Value Disclosure | 118,000 | 0 | ||
Non-current Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial Liabilities measured at fair value on a recurring basis | ' | ' | ||
Other liabilities, Fair Value Disclosure | 0 | 0 | ||
Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Cash equivalents | 806,534,000 | [1] | 812,103,000 | [1] |
Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Cash equivalents | 773,435,000 | [1] | 582,743,000 | [1] |
Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Cash equivalents | 33,099,000 | [1] | 229,360,000 | [1] |
Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Cash equivalents | 0 | [1] | 0 | [1] |
Short-term marketable securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Short-term marketable securities | 1,919,611,000 | 1,880,034,000 | ||
Short-term marketable securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Short-term marketable securities | 15,090,000 | 16,589,000 | ||
Short-term marketable securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Short-term marketable securities | 1,904,521,000 | 1,863,445,000 | ||
Short-term marketable securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Short-term marketable securities | 0 | 0 | ||
Long term Marketable Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Long-term marketable securities | 3,179,471,000 | 2,835,931,000 | ||
Long term Marketable Securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Long-term marketable securities | 132,032,000 | 10,797,000 | ||
Long term Marketable Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Long-term marketable securities | 3,047,439,000 | 2,825,134,000 | ||
Long term Marketable Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Long-term marketable securities | 0 | 0 | ||
Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Other current assets | 777,000 | 19,064,000 | ||
Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Other current assets | 0 | 0 | ||
Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Other current assets | 777,000 | 19,064,000 | ||
Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Other current assets | 0 | 0 | ||
Other Noncurrent Assets [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Other current assets and other non-current assets | 0 | 994,000 | ||
Other Noncurrent Assets [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Other current assets and other non-current assets | 0 | 0 | ||
Other Noncurrent Assets [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Other current assets and other non-current assets | 0 | 994,000 | ||
Other Noncurrent Assets [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Financial assets measured at fair value on a recurring basis | ' | ' | ||
Other current assets and other non-current assets | $0 | $0 | ||
[1] | Cash equivalents exclude cash of $179.7 million and $183.4 million included in Cash and cash equivalents on the Consolidated Balance Sheets as of DecemberB 29, 2013 and DecemberB 30, 2012, respectively. |
Investments_and_Fair_Value_Mea6
Investments and Fair Value Measurements-AFS Investments (Details 4) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Fixed Income Securities [Member] | ' | ' |
Available-for-sale investments | ' | ' |
Amortized Cost | $5,128,833 | $4,920,082 |
Gross Unrealized Gain | 20,599 | 27,111 |
Gross Unrealized Loss | -4,179 | -1,868 |
Fair Value | 5,145,253 | 4,945,325 |
U.S. Treasury and government agency securities [Member] | ' | ' |
Available-for-sale investments | ' | ' |
Amortized Cost | 160,598 | 27,377 |
Gross Unrealized Gain | 21 | 9 |
Gross Unrealized Loss | -424 | 0 |
Fair Value | 160,195 | 27,386 |
U.S. Government-sponsored agency securities [Member] | ' | ' |
Available-for-sale investments | ' | ' |
Amortized Cost | 8,112 | 28,339 |
Gross Unrealized Gain | 10 | 41 |
Gross Unrealized Loss | -1 | -1 |
Fair Value | 8,121 | 28,379 |
International Government Securities [Member] | ' | ' |
Available-for-sale investments | ' | ' |
Amortized Cost | 38,492 | 153,936 |
Gross Unrealized Gain | 1 | 13 |
Gross Unrealized Loss | -224 | -3 |
Fair Value | 38,269 | 153,946 |
Corporate notes and bonds [Member] | ' | ' |
Available-for-sale investments | ' | ' |
Amortized Cost | 864,331 | 864,170 |
Gross Unrealized Gain | 1,504 | 3,890 |
Gross Unrealized Loss | -1,565 | -938 |
Fair Value | 864,270 | 867,122 |
Asset-backed securities [Member] | ' | ' |
Available-for-sale investments | ' | ' |
Amortized Cost | 226,620 | 179,356 |
Gross Unrealized Gain | 114 | 453 |
Gross Unrealized Loss | -170 | 0 |
Fair Value | 226,564 | 179,809 |
Mortgage-backed securities [Member] | ' | ' |
Available-for-sale investments | ' | ' |
Amortized Cost | 86,542 | 1,872 |
Gross Unrealized Gain | 18 | 8 |
Gross Unrealized Loss | -554 | -14 |
Fair Value | 86,006 | 1,866 |
Municipal notes and bonds [Member] | ' | ' |
Available-for-sale investments | ' | ' |
Amortized Cost | 3,744,138 | 3,665,032 |
Gross Unrealized Gain | 18,931 | 22,697 |
Gross Unrealized Loss | -1,241 | -912 |
Fair Value | $3,761,828 | $3,686,817 |
Investments_and_Fair_Value_Mea7
Investments and Fair Value Measurements-AFS FV and Unrealized Losses (Details 5) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 29, 2013 |
Available-for-sale securities that were in an unrealized gain position | ' |
Less than 12 months, Fair Value | $1,254,701 |
Less than 12 months, Gross Unrealized Loss | -4,179 |
U.S. Treasury and government agency securities [Member] | ' |
Available-for-sale securities that were in an unrealized gain position | ' |
Less than 12 months, Fair Value | 136,621 |
Less than 12 months, Gross Unrealized Loss | -424 |
U.S. Government-sponsored agency securities [Member] | ' |
Available-for-sale securities that were in an unrealized gain position | ' |
Less than 12 months, Fair Value | 2,858 |
Less than 12 months, Gross Unrealized Loss | -1 |
International Government Securities [Member] | ' |
Available-for-sale securities that were in an unrealized gain position | ' |
Less than 12 months, Fair Value | 36,265 |
Less than 12 months, Gross Unrealized Loss | -224 |
Corporate notes and bonds [Member] | ' |
Available-for-sale securities that were in an unrealized gain position | ' |
Less than 12 months, Fair Value | 453,671 |
Less than 12 months, Gross Unrealized Loss | -1,565 |
Asset-backed securities [Member] | ' |
Available-for-sale securities that were in an unrealized gain position | ' |
Less than 12 months, Fair Value | 129,855 |
Less than 12 months, Gross Unrealized Loss | -170 |
Mortgage Backed Securities, Other [Member] | ' |
Available-for-sale securities that were in an unrealized gain position | ' |
Less than 12 months, Fair Value | 64,811 |
Less than 12 months, Gross Unrealized Loss | -554 |
Municipal notes and bonds [Member] | ' |
Available-for-sale securities that were in an unrealized gain position | ' |
Less than 12 months, Fair Value | 430,620 |
Less than 12 months, Gross Unrealized Loss | ($1,241) |
Investments_and_Fair_Value_Mea8
Investments and Fair Value Measurements-AFS Realized Gains and Losses (Details 6) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Gross realized gains and (losses) on sales of available-for-sale securities | ' | ' | ' |
Gross realized gains | $4,724 | $3,867 | $36,762 |
Gross realized losses | ($2,349) | ($898) | ($2,213) |
Investments_and_Fair_Value_Mea9
Investments and Fair Value Measurements-Fixed Income Maturities (Details 7) (Fixed Income Securities [Member], USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
In Thousands, unless otherwise specified | ||
Fixed Income Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis [Abstract] | ' | ' |
Amortized Cost, due in one year or less | $1,220,506 | ' |
Amortized Cost, due in years two through five | 3,338,613 | ' |
Amortized Cost, due in years six through ten | 79,295 | ' |
Amortized Cost, due after year ten | 490,419 | ' |
Amortized Cost | 5,128,833 | 4,920,082 |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' |
Fair Value, due in one year or less | 1,224,980 | ' |
Fair Value, due in years two through five | 3,350,852 | ' |
Fair Value, due in years six through ten | 79,084 | ' |
Fair Value, due after year ten | 490,337 | ' |
Fair Value | $5,145,253 | $4,945,325 |
Recovered_Sheet1
Investments and Fair Value Measurements-Debt Instrument FV (Details 8) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
Related costs and the fair values based on quoted market prices | ' | ' |
Convertible debt, carrying value | $1,985,363,000 | $1,696,621,000 |
Convertible Debt [Member] | ' | ' |
Related costs and the fair values based on quoted market prices | ' | ' |
Convertible debt, carrying value | 1,985,363,000 | 1,696,621,000 |
Convertible debt, fair value | 2,947,450,000 | 2,087,190,000 |
1% Sr. Convertible Notes due 2013 [Member] | ' | ' |
Related costs and the fair values based on quoted market prices | ' | ' |
Convertible debt, carrying value | 0 | 906,708,000 |
Convertible debt, fair value | 0 | 927,820,000 |
1.5% Sr. Convertible Notes due 2017 [Member] | ' | ' |
Related costs and the fair values based on quoted market prices | ' | ' |
Convertible debt, carrying value | 829,792,000 | 789,913,000 |
Convertible debt, fair value | 1,467,160,000 | 1,159,370,000 |
0.5% Sr. Convertible Notes due 2020 [Member] | ' | ' |
Related costs and the fair values based on quoted market prices | ' | ' |
Convertible debt, carrying value | 1,155,571,000 | 0 |
Convertible debt, fair value | $1,480,290,000 | $0 |
Recovered_Sheet2
Investments and Fair Value Measurements (Details Textual) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Cash | $179,700,000 | $183,400,000 |
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | 0 | ' |
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount | 0 | ' |
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount | 0 | ' |
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount | 0 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Assets, Fair Value Disclosure | 0 | 0 |
Liabilities, Fair Value Disclosure | $0 | $0 |
Derivatives_and_Hedging_Activi3
Derivatives and Hedging Activities Derivatives and Hedging Activities - Outstanding Designated Forward Contracts (Details 1) | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 |
Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Cash Flow Hedge Buy [Member] | Cash Flow Hedge Sell [Member] | Realized within twelve months [Member] | Realized within twelve months [Member] | Realized beyond twelve months [Member] | Realized beyond twelve months [Member] | |
USD ($) | JPY (¥) | USD ($) | USD ($) | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | |
USD ($) | JPY (¥) | USD ($) | JPY (¥) | |||||
Derivatives and Hedging Activities | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax | ($38,493) | ' | ' | ' | ($38,375) | ' | ($118) | ' |
Cash Flow Hedge | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of cash flow hedge transactions | $664,485 | ¥ 69,600,000 | $185,200 | $98,700 | $662,190 | ¥ 69,400,000 | $2,295 | ¥ 200,000 |
Derivatives_and_Hedging_Activi4
Derivatives and Hedging Activities - Derivative Contracts (Details 2) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
In Thousands, unless otherwise specified | ||
Non-designated cash flow hedges, assets | ' | ' |
Total derivatives, assets | $777 | $19,064 |
Foreign Exchange Contract [Member] | Other Current Assets [Member] | ' | ' |
Non-designated cash flow hedges, assets | ' | ' |
Cash Flow Hedge Derivative at Fair Value, Non-designated, Assets | 777 | 19,064 |
Foreign Exchange Contract [Member] | Other Noncurrent Assets [Member] | ' | ' |
Non-designated cash flow hedges, assets | ' | ' |
Cash Flow Hedge Derivative at Fair Value, Non-designated, Assets | 0 | 994 |
Foreign Exchange Contract [Member] | Other Current Accrued Liabilities [Member] | ' | ' |
Designated cash flow hedges, liabilities | ' | ' |
Cash Flow Hedge Derivative at Fair Value, Liabilities | 38,375 | 7,058 |
Non-designated cash flow hedges, liabilities | ' | ' |
Cash Flow Hedge Derivative at Fair Value, Non-designated, Liabilities | 7,366 | 6,526 |
Total derivatives, liabilities | 45,741 | 13,584 |
Foreign Exchange Contract [Member] | Non-current Liabilities [Member] | ' | ' |
Designated cash flow hedges, liabilities | ' | ' |
Cash Flow Hedge Derivative at Fair Value, Liabilities | 118 | 0 |
Non-designated cash flow hedges, liabilities | ' | ' |
Cash Flow Hedge Derivative at Fair Value, Non-designated, Liabilities | 0 | 0 |
Total derivatives, liabilities | $118 | $0 |
Derivatives_and_Hedging_Activi5
Derivatives and Hedging Activities - Impact on Earnings (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Foreign Exchange Contract [Member] | ' | ' | ' |
Effective portion of designated cash flow derivative contracts | ' | ' | ' |
Amount of gain (loss) recognized in OCI | ($74,834) | ($38,197) | $33,224 |
Amount of gain (loss) reclassified from AOCI to earnings | -41,523 | -10,946 | 27,985 |
Equity market risk contract [Member] | ' | ' | ' |
Effective portion of designated cash flow derivative contracts | ' | ' | ' |
Amount of gain (loss) recognized in OCI | 0 | 0 | -3,024 |
Amount of gain (loss) reclassified from AOCI to earnings | $0 | $0 | ($9,885) |
Derivatives_and_Hedging_Activi6
Derivatives and Hedging Activities - Ineffective Portion (Details 4) (Foreign Exchange Contract [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Foreign Exchange Contract [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) | ' | ' | ' |
Foreign exchange forward contracts | ($1,201) | ($6,630) | ($5,148) |
Derivatives_and_Hedging_Activi7
Derivatives and Hedging Activities - Effect of Non-designated Contracts (Details 5) (Foreign Exchange Forward [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Foreign Exchange Forward [Member] | ' | ' | ' |
Effect of nondesignated derivative contracts | ' | ' | ' |
Gain (loss) on foreign exchange forward contracts including forward point income | $1,427 | $9,025 | ($14,068) |
Gain (loss) from revaluation of foreign currency exposures hedged by foreign exchange forward contracts | ($4,460) | ($3,511) | $17,479 |
Derivatives_and_Hedging_Activi8
Derivatives and Hedging Activities Derivatives and Hedging Activities - Cash Flow Hedge (Details Textuals) | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 |
In Thousands, unless otherwise specified | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Cash Flow Hedge Buy [Member] | Cash Flow Hedge Sell [Member] |
USD ($) | JPY (¥) | USD ($) | USD ($) | |
Cash Flow Hedge | ' | ' | ' | ' |
Notional amount of cash flow hedge transactions | $664,485 | ¥ 69,600,000 | $185,200 | $98,700 |
Balance_Sheet_InformationRecei
Balance Sheet Information-Receivables (Details 1) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Jan. 02, 2011 |
In Thousands, unless otherwise specified | ||||
Accounts Receivable, net | ' | ' | ' | ' |
Accounts receivable | $904,551 | $804,221 | ' | ' |
Allowance for doubtful accounts | -8,274 | -6,627 | -5,717 | -8,416 |
Price protection, promotions and other activities | -213,468 | -171,569 | ' | ' |
Total accounts receivable, net | $682,809 | $626,025 | ' | ' |
Balance_Sheet_InformationAR_Al
Balance Sheet Information-AR Allowance (Details 8) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Accounts, Notes, Loans and Financing Receivable | ' | ' | ' |
Balance, beginning of period | $6,627 | $5,717 | $8,416 |
Additions (reductions) charged to costs and expenses | 2,167 | 1,452 | -1,476 |
Deductions/write-offs | -520 | -542 | -1,223 |
Balance, end of period | $8,274 | $6,627 | $5,717 |
Balance_Sheet_InformationInven
Balance Sheet Information-Inventory (Details 2) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
In Thousands, unless otherwise specified | ||
Inventory | ' | ' |
Raw Material | $440,570 | $404,634 |
Work-in-Process | 102,543 | 102,249 |
Finished Goods | 213,862 | 243,192 |
Total Inventory | $756,975 | $750,075 |
Balance_Sheet_InformationOther
Balance Sheet Information-Other Assets (Details 3) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
Other Current Assets | ' | ' |
Tax-related receivables | $70,760,000 | $186,223,000 |
Other non-trade receivables | 37,368,000 | 0 |
Prepayment to Flash Forward Ltd. | 5,144,000 | 20,577,000 |
Derivative contract receivables | 777,000 | 19,064,000 |
Prepaid expenses | 12,630,000 | 13,221,000 |
Other current assets | 40,206,000 | 21,794,000 |
Total other current assets | 166,885,000 | 260,879,000 |
Other Assets, Noncurrent | ' | ' |
Prepaid tax on intercompany transactions | 37,747,000 | 42,118,000 |
Prepayment to Flash Forward Ltd. | 0 | 5,144,000 |
Convertible note issuance costs | 20,612,000 | 8,708,000 |
Long-term prepaid income tax | 66,176,000 | 63,008,000 |
Other non-current assets | 42,895,000 | 34,832,000 |
Total other non-current assets | $167,430,000 | $153,810,000 |
Balance_Sheet_InformationPPE_D
Balance Sheet Information-PPE (Details 9) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment | ' | ' |
Machinery and equipment | $1,148,150 | $1,124,701 |
Software | 171,733 | 148,014 |
Buildings and building improvements | 261,471 | 227,651 |
Capital land lease | 6,644 | 6,603 |
Land | 24,427 | 24,427 |
Furniture and fixtures | 20,481 | 10,106 |
Leasehold improvements | 6,559 | 11,979 |
Property and equipment, at cost | 1,639,465 | 1,553,481 |
Accumulated depreciation and amortization | -983,671 | -887,939 |
Property and equipment, net | $655,794 | $665,542 |
Balance_Sheet_InformationEquit
Balance Sheet Information-Equity Investments (Details 4) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable | ' | ' |
Related Party Transactions | $1,134,620 | $1,460,112 |
Flash Partners Ltd [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable | ' | ' |
Notes Receivable | 100,057 | 180,254 |
Investments | 190,694 | 232,547 |
Flash Alliance Ltd [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable | ' | ' |
Notes Receivable | 323,995 | 476,800 |
Investments | 283,999 | 342,048 |
Flash Forward Ltd [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable | ' | ' |
Notes Receivable | 169,144 | 162,810 |
Investments | 66,731 | 65,653 |
Flash Ventures [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable | ' | ' |
Related Party Transactions | $1,134,620 | $1,460,112 |
Balance_Sheet_InformationLiabi
Balance Sheet Information-Liabilities (Details 5) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
In Thousands, unless otherwise specified | ||
Other Current Accrued Liabilities | ' | ' |
Accrued payroll and related expenses | $227,779 | $102,269 |
Derivative contract payables | 45,741 | 13,584 |
Taxes payable | 59,618 | 25,476 |
Other accrued Liabilities | 176,594 | 116,210 |
Total other current accrued liabilities | 509,732 | 257,539 |
Non-current liabilities | ' | ' |
Deferred tax liabilities | 3,482 | 28,672 |
Income tax liabilities | 205,266 | 208,629 |
Deferred credits on intercompany transactions | 15,065 | 58,548 |
Other non-current liabilities | 83,270 | 112,098 |
Total non-current liabilities | $307,083 | $407,947 |
Balance_Sheet_InformationWarra
Balance Sheet Information-Warranty (Details 6) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Movement in Standard Product Warranty Accrual [Roll Forward] | ' | ' | ' |
Product Warranty Accrual, beginning of period | $38,787 | $26,957 | $24,702 |
Additions and adjustments to cost of revenue | 35,763 | 33,247 | 29,444 |
Usage | -30,926 | -21,417 | -27,189 |
Product Warranty Accrual, end of period | $43,624 | $38,787 | $26,957 |
Balance_Sheet_InformationOCI_D
Balance Sheet Information-OCI (Details 7) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Accumulated net unrealized gain (loss) on: | ' | ' | ' |
Available-for-sale investments | $10,479 | $15,919 | ' |
Foreign currency translation | -47,440 | 155,389 | ' |
Hedging activities | -39,498 | -6,187 | ' |
Total accumulated other comprehensive income (loss) | -76,459 | 165,121 | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent | ' | ' | ' |
Available-for-sale investments | -3,383 | 3,121 | 3,342 |
Foreign currency translation | -38,006 | -23,791 | 10,315 |
Hedging activities | 0 | 0 | 2,504 |
Other Comprehensive Income (Loss), Tax | ($41,389) | ($20,670) | $16,161 |
Balance_Sheet_InformationAOCI_
Balance Sheet Information-AOCI (Details 8) (USD $) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
Other Comprehensive Income | ' | ' | ' |
Cost of revenue | ($3,252,988,000) | ($3,326,747,000) | ($3,183,257,000) |
Research and development | 742,268,000 | 602,765,000 | 547,373,000 |
Provision for income taxes | -473,492,000 | -209,512,000 | -489,764,000 |
Total reclassifications for the period, net of tax | -40,270,000 | -9,028,000 | 53,034,000 |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' |
Other Comprehensive Income | ' | ' | ' |
Interest (expense) and other income (expense), net | 2,375,000 | 2,969,000 | 34,549,000 |
Provision for income taxes | -1,122,000 | -1,051,000 | -2,119,000 |
Total reclassifications for the period, net of tax | 1,253,000 | 1,918,000 | 32,430,000 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' |
Other Comprehensive Income | ' | ' | ' |
Cost of revenue | -41,523,000 | -10,946,000 | 27,985,000 |
Interest (expense) and other income (expense), net | 0 | 0 | -9,885,000 |
Provision for income taxes | 0 | 0 | 2,504,000 |
Total reclassifications for the period, net of tax | ($41,523,000) | ($10,946,000) | $20,604,000 |
Balance_Sheet_Information_Deta
Balance Sheet Information (Details Textuals) (USD $) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
Balance Sheet Information | ' | ' | ' |
Accumulated Depreciation Amortization And Depletion Expense Property and Equipment, Current Charge | $226,300,000 | $161,900,000 | $115,000,000 |
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | ' |
Provision for Loan and Lease Losses | $0 | $0 | $0 |
Product Warranties Disclosures [Abstract] | ' | ' | ' |
Weighted Average Warranty For Companys Products | '3 years | ' | ' |
Maximum Warranty For Companys Products | '10 years | ' | ' |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets-Goodwill (Details 1) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 29, 2013 |
Goodwill and Intangible Assets | ' |
Goodwill, Beginning Balance | $201,735 |
Acquisition | 115,775 |
Adjustment | 601 |
Goodwill, Ending Balance | $318,111 |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets-Intangibles (Details 2) (USD $) | 12 Months Ended | |
Dec. 29, 2013 | Dec. 30, 2012 | |
Intangible Assets | ' | ' |
Accumulated Amortization | ($231,612,000) | ($227,125,000) |
Intangible Asset Adjustment | -83,228,000 | -860,000 |
Total Intangible Assets, gross | 562,744,000 | 474,904,000 |
Total Intangible Assets, net | 247,904,000 | 246,919,000 |
Acquired in-process research and development [Member] | ' | ' |
Intangible Assets | ' | ' |
Gross Carrying Amount, Indefinite-lived Intangible Asset | 42,500,000 | 38,385,000 |
Adjustments of indefinite lived intangible assets | -36,200,000 | -860,000 |
Net Carrying Amount, Indefinite-lived Intangible Assets | 6,300,000 | 37,525,000 |
Developed product technology [Member] | ' | ' |
Intangible Assets | ' | ' |
Accumulated Amortization | -121,304,000 | -68,104,000 |
Adjustments of finite lived intangible assets | -44,216,000 | 0 |
Gross Carrying Amount, Finite-lived Intangible Asset | 348,385,000 | 200,960,000 |
Intangible assets subject to amortization | 182,865,000 | 132,856,000 |
Core Technology [Member] | ' | ' |
Intangible Assets | ' | ' |
Accumulated Amortization | ' | -79,800,000 |
Adjustments of finite lived intangible assets | ' | 0 |
Gross Carrying Amount, Finite-lived Intangible Asset | ' | 79,800,000 |
Intangible assets subject to amortization | ' | 0 |
Customer relationships [Member] | ' | ' |
Intangible Assets | ' | ' |
Accumulated Amortization | -14,426,000 | -10,043,000 |
Adjustments of finite lived intangible assets | 0 | 0 |
Gross Carrying Amount, Finite-lived Intangible Asset | 20,650,000 | 13,050,000 |
Intangible assets subject to amortization | 6,224,000 | 3,007,000 |
Trademarks [Member] | ' | ' |
Intangible Assets | ' | ' |
Accumulated Amortization | -3,634,000 | -1,870,000 |
Adjustments of finite lived intangible assets | -2,812,000 | 0 |
Gross Carrying Amount, Finite-lived Intangible Asset | 14,200,000 | 5,700,000 |
Intangible assets subject to amortization | 7,754,000 | 3,830,000 |
Covenants not to compete [Member] | ' | ' |
Intangible Assets | ' | ' |
Accumulated Amortization | -2,959,000 | -1,618,000 |
Adjustments of finite lived intangible assets | 0 | 0 |
Gross Carrying Amount, Finite-lived Intangible Asset | 3,100,000 | 3,100,000 |
Intangible assets subject to amortization | 141,000 | 1,482,000 |
Technology licenses and patents [Member] | ' | ' |
Intangible Assets | ' | ' |
Accumulated Amortization | -89,289,000 | -65,690,000 |
Adjustments of finite lived intangible assets | 0 | 0 |
Gross Carrying Amount, Finite-lived Intangible Asset | 133,909,000 | 133,909,000 |
Intangible assets subject to amortization | 44,620,000 | 68,219,000 |
Acquisition-related Intangible Assets [Member] | ' | ' |
Intangible Assets | ' | ' |
Accumulated Amortization | -142,323,000 | -161,435,000 |
Adjustments of finite lived intangible assets | -47,028,000 | 0 |
Gross Carrying Amount, Finite-lived Intangible Asset | 386,335,000 | 302,610,000 |
Intangible assets subject to amortization | 196,984,000 | 141,175,000 |
Intangible assets subject to amortization [Member] | ' | ' |
Intangible Assets | ' | ' |
Accumulated Amortization | -231,612,000 | -227,125,000 |
Adjustments of finite lived intangible assets | -47,028,000 | 0 |
Gross Carrying Amount, Finite-lived Intangible Asset | 520,244,000 | 436,519,000 |
Intangible assets subject to amortization | $241,604,000 | $209,394,000 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets-Intangible Amortization (Details 3) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
Acquisition-related Intangible Assets [Member] | ' | ' |
Estimated Amortization Expense of Intangible Assets | ' | ' |
2014 | $83,671,000 | ' |
2015 | 48,114,000 | ' |
2016 | 40,544,000 | ' |
2017 | 24,655,000 | ' |
Intangible assets subject to amortization | 196,984,000 | 141,175,000 |
Technology licenses and patents [Member] | ' | ' |
Estimated Amortization Expense of Intangible Assets | ' | ' |
2014 | 21,231,000 | ' |
2015 | 20,056,000 | ' |
2016 | 3,333,000 | ' |
2017 | 0 | ' |
Intangible assets subject to amortization | $44,620,000 | $68,219,000 |
Goodwill_and_Intangible_Assets5
Goodwill and Intangible Assets (Details Textual) (USD $) | 12 Months Ended | 3 Months Ended | ||||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Dec. 29, 2013 | Sep. 29, 2013 | Dec. 29, 2013 | |
Pliant Technology Inc. [Member] | Pliant Technology Inc. [Member] | SMART Storage Systems (Global Holdings), Inc. [Member] | ||||
Goodwill and Finited-lived Intangible Assets | ' | ' | ' | ' | ' | ' |
Adjustment | $601,000 | ' | ' | ' | ' | ' |
Goodwill, Acquired During Period | 115,775,000 | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets | ' | ' | ' | ' | ' | ' |
In-process Research & Development Reclassified to Developed Product Technology | 1,300,000 | ' | ' | ' | ' | ' |
Amortization of acquisition-related intangible assets | 84,300,000 | 76,500,000 | 65,500,000 | ' | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | ' | ' | ' | ' | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | ' | ' | ' | ' | ' | 168,500,000 |
Impairment of Intangible Assets, Finite-lived | ' | ' | ' | ' | 47,000,000 | ' |
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | ' | 860,000 | ' | ' | 36,200,000 | ' |
Impairment of acquisition-related intangible assets | 83,228,000 | 860,000 | 0 | ' | 83,200,000 | ' |
Intangible Assets, Net (Excluding Goodwill) | $247,904,000 | $246,919,000 | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life (months) | ' | ' | ' | '1 year 0 months | ' | ' |
Financing_ArrangementsCarrying
Financing Arrangements-Carrying Value and Interest (Details 1) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 | Dec. 29, 2013 | Dec. 30, 2012 | Dec. 29, 2013 | Dec. 30, 2012 | Aug. 31, 2010 | Dec. 29, 2013 | Oct. 23, 2013 | Dec. 30, 2012 |
1% Sr. Convertible Notes due 2013 [Member] | 1% Sr. Convertible Notes due 2013 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | |||
Debt Summary | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debt, carrying value | $1,985,363,000 | $1,696,621,000 | $0 | $906,708,000 | $829,792,000 | $789,913,000 | ' | $1,155,571,000 | ' | $0 |
Convertible short-term debt | 0 | -906,708,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible long-term debt, carrying value | 1,985,363,000 | 789,913,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying Value of Convertible Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debt, par value | ' | ' | 0 | 928,061,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,500,000,000 | 1,500,000,000 | 0 |
Unamortized bond discount | ' | ' | 0 | -21,353,000 | -170,208,000 | -210,087,000 | ' | -344,429,000 | ' | 0 |
Convertible debt, carrying value | $1,985,363,000 | $1,696,621,000 | $0 | $906,708,000 | $829,792,000 | $789,913,000 | ' | $1,155,571,000 | ' | $0 |
Financing_ArrangmentsInterest_
Financing Arrangments-Interest (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
1% Sr. Convertible Notes due 2013 [Member] | ' | ' | ' |
Interest Cost Recognized For Convertible Notes | ' | ' | ' |
Contractual interest coupon | $3,481 | $9,280 | $10,692 |
Amortization of bond issuance costs | 1,013 | 2,783 | 4,345 |
Amortization of bond discount | 21,022 | 53,599 | 56,424 |
Total interest cost recognized | 25,516 | 65,662 | 71,461 |
1.5% Sr. Convertible Notes due 2017 [Member] | ' | ' | ' |
Interest Cost Recognized For Convertible Notes | ' | ' | ' |
Contractual interest coupon | 15,000 | 15,000 | 15,000 |
Amortization of bond issuance costs | 2,667 | 2,666 | 2,695 |
Amortization of bond discount | 39,095 | 36,364 | 34,140 |
Total interest cost recognized | 56,762 | 54,030 | 51,835 |
0.5% Sr. Convertible Notes due 2020 [Member] | ' | ' | ' |
Interest Cost Recognized For Convertible Notes | ' | ' | ' |
Contractual interest coupon | 1,271 | ' | ' |
Amortization of bond issuance costs | 439 | ' | ' |
Amortization of bond discount | 7,486 | ' | ' |
Total interest cost recognized | $9,196 | ' | ' |
Financing_Arrangements_Details
Financing Arrangements (Details Textuals) (USD $) | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | 31-May-13 | Dec. 29, 2013 | Jan. 01, 2012 | 15-May-13 | Dec. 30, 2012 | Aug. 31, 2010 | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Oct. 27, 2013 | Dec. 29, 2013 | Oct. 23, 2013 | Dec. 30, 2012 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | |
1% Sr. Convertible Notes due 2013 [Member] | 1% Sr. Convertible Notes due 2013 [Member] | 1% Sr. Convertible Notes due 2013 [Member] | 1% Sr. Convertible Notes due 2013 [Member] | 1% Sr. Convertible Notes due 2013 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | ||||
Condition One [Member] | Condition Two [Member] | Condition Three [Member] | Condition One [Member] | Condition Two [Member] | Condition Three [Member] | |||||||||||||||||
Debt Instrument Details | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debt, par value | ' | ' | ' | ' | $0 | ' | ' | $928,061,000 | $1,000,000,000 | $1,000,000,000 | $1,000,000,000 | ' | ' | ' | ' | ' | $1,500,000,000 | $1,500,000,000 | $0 | ' | ' | ' |
Debt Instrument, Interest Rate, Effective Percentage | ' | ' | ' | ' | 7.40% | 7.40% | ' | 7.40% | 6.85% | 6.90% | 6.90% | 6.90% | ' | ' | ' | ' | 4.40% | 4.43% | ' | ' | ' | ' |
Outstanding Convertible Note Redemption Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 92.19 | ' | ' | ' | ' |
Convertible Senior Notes, issuance date | ' | ' | ' | ' | ' | ' | ' | ' | 20-Aug-10 | ' | ' | ' | ' | ' | ' | 29-Oct-13 | ' | ' | ' | ' | ' | ' |
Convertible Senior Notes, due date | ' | ' | ' | ' | 15-May-13 | ' | ' | ' | 15-Aug-17 | ' | ' | ' | ' | ' | ' | 15-Oct-20 | ' | ' | ' | ' | ' | ' |
Convertible senior notes, interest rate | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' |
Conversion rate, number of share converted | ' | ' | ' | ' | ' | ' | ' | ' | 19.0931 | 19.2307 | ' | ' | ' | ' | ' | 10.847 | ' | ' | ' | ' | ' | ' |
Conversion of notes, base conversion price | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | 1,000 | ' | ' | ' | ' | ' | 1,000 | ' | ' | ' | ' | ' | ' |
Conversion price per share | ' | ' | ' | ' | ' | ' | ' | ' | $52.37 | $52 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net proceeds from the offering of the Notes due | ' | ' | ' | ' | ' | ' | ' | ' | 981,000,000 | ' | ' | ' | ' | ' | ' | 1,480,000,000 | ' | ' | ' | ' | ' | ' |
Principal amount of the liability component | ' | ' | ' | ' | ' | ' | ' | ' | 706,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,150,000,000 | ' | ' | ' | ' |
Carrying value of the equity component | ' | ' | ' | ' | ' | ' | ' | ' | 294,000,000 | 294,000,000 | 294,000,000 | ' | ' | ' | ' | ' | 352,000,000 | 352,000,000 | ' | ' | ' | ' |
Debt Instrument, Unamortized Bond Discount | ' | ' | ' | ' | 0 | ' | ' | 21,353,000 | ' | 170,208,000 | 210,087,000 | ' | ' | ' | ' | ' | 344,429,000 | ' | 0 | ' | ' | ' |
Remaining amortization period of convertible debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years 8 months | ' | ' | ' | ' | ' | ' | '6 years 10 months | ' | ' | ' | ' | ' |
Debt Related Commitment Fees and Debt Issuance Costs | ' | ' | ' | ' | ' | ' | ' | ' | 18,700,000 | ' | ' | ' | ' | ' | ' | 18,500,000 | ' | ' | ' | ' | ' | ' |
Adjustment To Additional Paid In Capital Debt Issuance Cost | ' | ' | ' | ' | ' | ' | ' | ' | 5,500,000 | ' | ' | ' | ' | ' | ' | 4,300,000 | ' | ' | ' | ' | ' | ' |
Unamortized Debt Issuance Expense | 20,612,000 | 8,708,000 | ' | ' | ' | ' | ' | ' | 13,200,000 | 6,800,000 | ' | ' | ' | ' | ' | ' | 13,800,000 | 14,100,000 | ' | ' | ' | ' |
Conversion Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible note conversion period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'may be converted on any day prior to the close of business on the scheduled trading day immediately preceding MayB 15, 2017 | 'On and after MayB 15, 2017 until the close of business on the second scheduled trading day immediately preceding the maturity date of AugustB 15, 2017, holders may convert their notes at any time | ' | ' | ' | ' | ' | 'may be converted on any day prior to the close of business on the scheduled trading day immediately preceding JulyB 15, 2020 | 'On and after July 15, 2020 until the close of business on the second scheduled trading day immediately preceding the maturity date of October 15, 2020, holders may convert their notes at any time | ' |
Convertible notes conversion period under given condition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'during the five business-day period after any five consecutive trading-day period (the bmeasurement periodb) in which the trading price per note for each day of such measurement period was less than 98% of the product of the last reported sale price of the Companybs common stock and the conversion rate on each such day | 'during any calendar quarter after the calendar quarter ending SeptemberB 30, 2010, if the last reported sale price of the Companybs common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter exceeds 130% of the applicable conversion price in effect on the last trading day of the immediately preceding calendar quarter | 'upon the occurrence of specified corporate transactions | ' | ' | ' | ' | 'during the five business-day period after any five consecutive trading-day period (the bmeasurement periodb) in which the trading price per note for each day of such measurement period was less than 98% of the product of the last reported sale price of the Companybs common stock and the conversion rate on each such day | 'during any calendar quarter after the calendar quarter ending December 29, 2013, if the last reported sale price of the Companybs common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter exceeds 130% of the applicable conversion price in effect on the last trading day of the immediately preceding calendar quarter | 'upon the occurrence of specified corporate transactions |
Conversion value of convertible notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'equal to the conversion rate multiplied by the volume weighted average price of the Companybs common stock during a specified period following the conversion date | ' | ' | ' | ' | ' | ' | 'equal to the conversion rate multiplied by the volume weighted average price of the Companybs common stock during a specified period following the conversion date | ' | ' | ' | ' | ' |
Payment mode for the conversion value of convertible notes due | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1) cash equal to the lesser of the principal amount of the note or the conversion value, as defined, and 2) to the extent the conversion value exceeds the principal amount of the note, common stock (plus cash in lieu of any fractional shares of common stock) | ' | ' | ' | ' | ' | ' | '1) cash equal to the lesser of the principal amount of the note or the conversion value, as defined, and 2) to the extent the conversion value exceeds the principal amount of the note, common stock (plus cash in lieu of any fractional shares of common stock) | ' | ' | ' | ' | ' |
Debt Redemption | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extinguishment of Debt, Amount | -928,061,000 | 0 | -211,441,000 | 928,100,000 | ' | 221,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total consideration related to principal amount of debt redeemed | ' | ' | ' | ' | ' | 211,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total loss on early extinguishment of debt before tax | ' | ' | ' | ' | ' | 11,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Payable | ' | ' | ' | 4,600,000 | ' | 0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Proceeds From Warrants And Bond Hedge Due To Redemption | ' | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price of warrants | 225 | ' | ' | ' | ' | ' | ' | ' | 73.325 | 72.8005 | ' | ' | ' | ' | ' | ' | ' | 122.922 | ' | ' | ' | ' |
Number of shares counterparties can purchase from entity | ' | ' | ' | ' | ' | ' | ' | ' | 19,100,000 | 19,200,000 | ' | ' | ' | ' | ' | 16,300,000 | ' | ' | ' | ' | ' | ' |
Expiry period of Warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | '40 different dates from November 13, 2017 through January 10, 2018 | ' | ' | ' | ' | ' | '40 different dates from January 13, 2021 through March 11, 2021 | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Warrants | 217,800,000 | 0 | ' | ' | ' | ' | ' | ' | 188,100,000 | ' | ' | ' | ' | ' | ' | 217,800,000 | ' | ' | ' | ' | ' | ' |
Number of warrants exercised | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' |
Convertible Bond Hedge | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bond hedge options, exercise price | ' | ' | ' | ' | ' | ' | ' | ' | $52.37 | $52 | ' | ' | ' | ' | ' | $92.19 | ' | ' | ' | ' | ' | ' |
Number of shares an entity can purchase from counterparties | ' | ' | ' | ' | ' | ' | ' | ' | 19,100,000 | 19,200,000 | ' | ' | ' | ' | ' | 16,300,000 | ' | ' | ' | ' | ' | ' |
Transaction cost of convertible bond hedge accounted for equity transaction | 331,650,000 | 0 | -1,494,000 | ' | ' | ' | ' | ' | 292,900,000 | ' | ' | ' | ' | ' | ' | -331,700,000 | ' | ' | ' | ' | ' | ' |
Tax benefit from deferred tax asset related to convertible bond hedge | ' | ' | ' | ' | ' | ' | ' | ' | $1,700,000 | ' | ' | ' | ' | ' | ' | $119,500,000 | ' | ' | ' | ' | ' | ' |
Number of shares purchased under bond hedge | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' |
Share_Repurchase_Program_Detai
Share Repurchase Program (Details Textuals) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Sep. 29, 2013 | Jul. 31, 2013 | Oct. 27, 2013 | Dec. 29, 2013 | |
Structured Share Repurchase Program [Member] | Accelerated Share Repurchase Program [Member] | Accelerated Share Repurchase Program [Member] | Special Arrangement Repurchase Program [Member] | Maximum [Member] | |||
Accelerated Share Repurchase Program [Member] | |||||||
Share Repurchase Program Summary | ' | ' | ' | ' | ' | ' | ' |
Share Repurchase Program, Authorized Amount | $2,500,000,000 | $3,750,000,000 | ' | ' | ' | ' | ' |
Share Repurchase Program, Remaining Authorized Repurchase Amount | ' | 1,930,000,000 | ' | ' | ' | ' | ' |
Share Repurchased and Retired During Program, Shares | ' | ' | 30,400,000 | ' | ' | ' | ' |
Payments for Repurchase of Common Stock, Aggregate | ' | ' | 1,820,000,000 | ' | ' | ' | ' |
Stock Repurchased and Retired During Period, Shares | ' | ' | 24,700,000 | 14,500,000 | ' | 2,200,000 | ' |
Payments for Repurchase of Common Stock During Period | ' | ' | 1,590,000,000 | ' | ' | 150,000,000 | ' |
Accelerated Share Repurchase Program | ' | ' | ' | ' | ' | ' | ' |
Upfront Payment Under Accelerated Share Repurchase Program | ' | ' | ' | ' | $1,000,000,000 | ' | ' |
Program End Date | ' | ' | ' | ' | ' | ' | 8-Apr-14 |
Concentration_of_Risk_and_Segm2
Concentration of Risk and Segment Information (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Revenues from External Customers and Long-Lived Assets | ' | ' | ' |
Revenue | $6,170,003 | $5,052,509 | $5,662,145 |
United States [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' | ' |
Revenue | 877,759 | 714,293 | 853,830 |
China [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' | ' |
Revenue | 1,887,207 | 1,195,617 | 872,295 |
South Korea [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' | ' |
Revenue | 496,030 | 384,409 | 617,119 |
Taiwan [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' | ' |
Revenue | 958,705 | 981,801 | 1,419,836 |
Other Asia-Pacific [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' | ' |
Revenue | 867,897 | 905,882 | 987,215 |
Europe, Middle East and Africa [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' | ' |
Revenue | 780,079 | 642,494 | 688,538 |
Other foreign countries [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' | ' |
Revenue | $302,326 | $228,013 | $223,312 |
Concentration_of_Risk_and_Segm3
Concentration of Risk and Segment Information (Details 2) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
In Thousands, unless otherwise specified | ||
Revenues from External Customers and Long-Lived Assets | ' | ' |
Long-Lived Assets | $1,214,051 | $1,308,623 |
United States [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' |
Long-Lived Assets | 313,959 | 257,655 |
Japan [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' |
Long-Lived Assets | 553,318 | 661,393 |
China [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' |
Long-Lived Assets | 299,704 | 350,873 |
Other foreign countries [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets | ' | ' |
Long-Lived Assets | $47,070 | $38,702 |
Concentration_of_Risk_and_Segm4
Concentration of Risk and Segment Information (Details Textual) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
Geographic Areas, Revenues from External Customers | ' | ' | ' |
Percentage Of Revenue From Major Customers Or Licensees | 49.00% | 43.00% | 48.00% |
Accounts Receivable, Net [Abstract] | ' | ' | ' |
Percentage of Accounts Receivable from Major Customers | 64.00% | 64.00% | ' |
Apple Inc. [Member] | ' | ' | ' |
Geographic Areas, Revenues from External Customers | ' | ' | ' |
Percentage Of Revenue From Major Customers Or Licensees | 20.00% | 13.00% | ' |
Accounts Receivable, Net [Abstract] | ' | ' | ' |
Percentage of Accounts Receivable from Major Customers | 32.00% | 34.00% | ' |
Samsung Electronics Co., Ltd. [Member] | ' | ' | ' |
Geographic Areas, Revenues from External Customers | ' | ' | ' |
Percentage Of Revenue From Major Customers Or Licensees | ' | ' | 10.00% |
Best Buy Co., Inc. [Member] | ' | ' | ' |
Accounts Receivable, Net [Abstract] | ' | ' | ' |
Percentage of Accounts Receivable from Major Customers | 11.00% | ' | ' |
ShareBased_Compensation_Divide
Share-Based Compensation Dividends (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | ||||
In Millions, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Dec. 29, 2013 | Sep. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Dividends Payable [Line Items] | ' | ' | ' | ' | ' | ' |
Dividends Payable, Date Declared | 21-Jan-14 | 15-Oct-13 | 30-Jul-13 | ' | ' | ' |
Cash dividends declared per share | $0.23 | $0.23 | $0.23 | $0.45 | $0 | $0 |
Dividends Payable, Date of Record | 3-Feb-14 | 4-Nov-13 | 12-Aug-13 | ' | ' | ' |
Dividends | ' | $51.50 | $51.60 | ' | ' | ' |
Dividends Payable, Date to be Paid | 24-Feb-14 | 25-Nov-13 | 30-Aug-13 | ' | ' | ' |
ShareBased_CompensationValuati
Share-Based Compensation-Valuation Parameters (Details 1) (USD $) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
Fair value of stock options granted to employees, officers and non-employee board members and ESPP shares granted to employees | ' | ' | ' |
Dividend yield | ' | ' | 0.00% |
Employee Stock Option [Member] | ' | ' | ' |
Fair value of stock options granted to employees, officers and non-employee board members and ESPP shares granted to employees | ' | ' | ' |
Expected volatility | 37.00% | 43.00% | 43.00% |
Risk-free interest rate | 0.74% | 0.60% | 1.49% |
Expected term | '4 years 5 months | '4 years 4 months | '4 years 4 months |
Estimated annual forfeiture rate | 8.51% | 8.59% | 8.57% |
Weighted average fair value at grant date | $16.26 | $16.45 | $17.37 |
Employee Stock Purchase Plan Shares [Member] | ' | ' | ' |
Fair value of stock options granted to employees, officers and non-employee board members and ESPP shares granted to employees | ' | ' | ' |
Dividend yield | ' | ' | 0.00% |
Expected volatility | 34.00% | 41.00% | 43.00% |
Risk-free interest rate | 0.11% | 0.15% | 0.13% |
Expected term | '0 years 6 months | '0 years 6 months | '0 years 6 months |
Weighted average fair value at grant date | $13.08 | $11.87 | $12.17 |
Maximum [Member] | Employee Stock Option [Member] | ' | ' | ' |
Fair value of stock options granted to employees, officers and non-employee board members and ESPP shares granted to employees | ' | ' | ' |
Dividend yield | 1.63% | 0.00% | ' |
Maximum [Member] | Employee Stock Purchase Plan Shares [Member] | ' | ' | ' |
Fair value of stock options granted to employees, officers and non-employee board members and ESPP shares granted to employees | ' | ' | ' |
Dividend yield | 1.63% | 0.00% | ' |
Minimum [Member] | Employee Stock Option [Member] | ' | ' | ' |
Fair value of stock options granted to employees, officers and non-employee board members and ESPP shares granted to employees | ' | ' | ' |
Dividend yield | 0.00% | 0.00% | ' |
Minimum [Member] | Employee Stock Purchase Plan Shares [Member] | ' | ' | ' |
Fair value of stock options granted to employees, officers and non-employee board members and ESPP shares granted to employees | ' | ' | ' |
Dividend yield | 0.00% | 0.00% | ' |
ShareBased_CompensationOption_
Share-Based Compensation-Option Rollforward (Details 2) (Employee Stock Option [Member], USD $) | 12 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Jan. 02, 2011 |
Employee Stock Option [Member] | ' | ' | ' | ' |
Stock options and stock appreciation rights | ' | ' | ' | ' |
Options and SARs outstanding Beginning Balance, Shares | 15,426 | 17,559 | 20,393 | ' |
Options and SARs outstanding Beginning Balance, Weighted Average Remaining Contractual Term | '4 years 2 months | '3 years 2 months | '3 years 5 months | '3 years 10 months |
Options and SARs outstanding Beginning Balance, Aggregate Intrinsic Value | $109,411 | $257,251 | $393,996 | ' |
Granted, Shares | 1,142 | 2,336 | 3,157 | ' |
Granted Weighted Average Exercise Price (per share) | $52.69 | $46.49 | $44.96 | ' |
Exercised, Shares | -7,362 | -3,403 | -5,310 | ' |
Exercised Weighted Average Exercise Price (per share) | $35.53 | $21.32 | $24.81 | ' |
Exercised Aggregate Intrinsic Value | 163,992 | 81,622 | 126,929 | ' |
Forfeited, Shares | -433 | -469 | -536 | ' |
Forfeited Weighted Average Exercise Price (per share) | $43.72 | $38.12 | $29.09 | ' |
Expired, Shares | -2,363 | -597 | -354 | ' |
Expired Weighted Average Exercise Price (per share) | $60.70 | $53.10 | $51.79 | ' |
Assumed through acquisition, shares | ' | ' | 209 | ' |
Assumed through acquisition, Weighted Average Fair Value (per share) | $19.37 | ' | $4.35 | ' |
Options and SARs outstanding Ending Balance, shares | 6,593 | 15,426 | 17,559 | 20,393 |
Options and SARs outstanding Ending Balance, Weighted Average Exercise Price (per share) | $40.66 | $40.73 | $36.55 | $32.18 |
Options and SARs outstanding Ending Balance, Weighted Average Remaining Contractual Term | '4 years 2 months | '3 years 2 months | '3 years 5 months | '3 years 10 months |
Options and SARs outstanding Ending Balance, Aggregate Intrinsic Value | 195,018 | 109,411 | 257,251 | 393,996 |
Stock options and stock appreciation rights, expected to vest | ' | ' | ' | ' |
Options and SARs vested and expected to vest, net of forfeitures, Shares | 6,291 | ' | ' | ' |
Options and SARs vested and expected to vest, net of forfeitures,Weighted Average Exercise Price (per share) | $40.31 | ' | ' | ' |
Options and SARs vested and expected to vest, net of forfeitures, Weighted Average Remaining Contractual Term | '4 years 1 month | ' | ' | ' |
Options and SARs vested and expected to vest, net of forfeitures, Aggregate Intrinsic Value | 188,288 | ' | ' | ' |
Stock options and stock appreciation rights, exercisable | ' | ' | ' | ' |
Options and SARs, Exercisable, shares | 3,208 | ' | ' | ' |
Options and SARs, Exercisable, Weighted Average Exercise Price | $33.99 | ' | ' | ' |
Options and SARs, Exercisable, Weighted Average Remaining Contractual Term | '3 years 1 month | ' | ' | ' |
Options and SARs, Exercisable, Intrinsic Value | $116,294 | ' | ' | ' |
Options and SARs outstanding Beginning Balance, Weighted Average Exercise Price (per share) | $40.73 | $36.55 | $32.18 | ' |
ShareBased_CompensationRSU_Rol
Share-Based Compensation-RSU Rollforward (Details 3) (Restricted Stock Units (RSUs) [Member], USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Summary of the changes in RSUs outstanding | ' | ' | ' |
Beginning Balance,Non-vested share units | 3,077 | 2,051 | 1,244 |
Beginning Balance,Non-vested share units Weighted Average Grant Date Fair Value (per share) | $43.51 | $40.22 | $28.64 |
Beginning Balance,Non-vested share units Aggregate Intrinsic Value | $131,622 | $100,913 | $62,007 |
Granted, Shares | 2,665 | 1,840 | 1,335 |
Granted Weighted Average Grant Date Fair Value (per share) | $53.99 | $45.04 | $47.56 |
Vested, Shares | -950 | -646 | -396 |
Vested Weighted Average Grant Date Fair Value (per share) | $41.97 | $47.75 | $29.63 |
Vested Aggregate Intrinsic Value | 50,268 | 29,479 | 19,309 |
Forfeited, Shares | -338 | -227 | -132 |
Forfeited Weighted Average Grant Date Fair Value (per share) | $46.93 | $42.85 | $37.24 |
Assumed through acquisition, shares | ' | 59 | ' |
Assumed through acquisition, Weighted Average Fair Value (per share) | ' | $46.63 | ' |
Ending Balance Non-vested share units | 4,454 | 3,077 | 2,051 |
Ending Balance Non-vested share units Weighted Average Grant Date Fair Value (per share) | $49.87 | $43.51 | $40.22 |
Ending Balance,Non-vested share units Aggregate Intrinsic Value | $221,457 | $131,622 | $100,913 |
ShareBased_CompensationExpense
Share-Based Compensation-Expense Recognition (Details 4) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | ' | ' |
Share-based compensation expense | $99,756 | $78,443 | $63,110 |
Total tax benefit recognized | -28,183 | -20,122 | -17,008 |
Decrease in net income | 71,573 | 58,321 | 46,102 |
Stock options and SARs [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | ' | ' |
Share-based compensation expense | 32,803 | 35,428 | 33,684 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | ' | ' |
Share-based compensation expense | 59,962 | 35,260 | 22,355 |
Employee Stock Purchase Plan Shares [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | ' | ' |
Share-based compensation expense | 6,991 | 7,755 | 7,071 |
Cost of product revenues [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | ' | ' |
Share-based compensation expense | 9,820 | 7,459 | 4,674 |
Research and Development [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | ' | ' |
Share-based compensation expense | 51,521 | 41,009 | 34,202 |
Sales and marketing [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | ' | ' |
Share-based compensation expense | 19,193 | 14,585 | 10,593 |
General and administrative [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | ' | ' |
Share-based compensation expense | $19,222 | $15,390 | $13,641 |
ShareBased_CompensationFair_Va
Share-Based Compensation-Fair Value (Details 5) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Fair value of options and RSUs | ' | ' | ' |
Fair value of options vested | $36,703 | $37,674 | $33,868 |
Fair value of RSUs vested | 39,885 | 24,327 | 11,747 |
Total fair value of options and RSUs vested | $76,588 | $62,001 | $45,615 |
ShareBased_CompensationActivit
Share-Based Compensation-Activity (Details Textuals 1) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Compensation and Benefits | ' | ' |
Share-based compensation expense capitalized in inventory | $2.70 | $1.80 |
Employee Stock Option [Member] | ' | ' |
Compensation and Benefits | ' | ' |
Total unrecognized compensation cost, net of forfeitures, related to awards granted to employees | 47.4 | ' |
Employee service, Nonvested awards, Total Compensation Cost not yet Recognized, Period for Recognition | '2 years 2 months | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' |
Compensation and Benefits | ' | ' |
Total unrecognized compensation cost, net of forfeitures, related to awards granted to employees | 144.5 | ' |
Employee service, Nonvested awards, Total Compensation Cost not yet Recognized, Period for Recognition | '2 years 8 months | ' |
Employee Stock Purchase Plan Shares [Member] | ' | ' |
Compensation and Benefits | ' | ' |
Total unrecognized compensation expense for ESPP | $0.90 | ' |
Employee service, Nonvested awards, Total Compensation Cost not yet Recognized, Period for Recognition | '0 years 1 month | ' |
ShareBased_CompensationPlan_In
Share-Based Compensation-Plan Info (Details Textuals 2) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
2013 Incentive Plan [Member] | ' | ' | ' |
Stock Plan Summary | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date | '7 years | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 20,000,000 | ' | ' |
Common Stock, Capital Shares Reserved for Future Issuance | 10,000,000 | ' | ' |
Additional Common Stock Added to Reserve Kept for Incentive Plan | 349,675 | ' | ' |
2005 Incentive Plan [Member] | ' | ' | ' |
Stock Plan Summary | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date | '7 years | ' | ' |
2005 Employee Stock Purchase Plan [Member] | ' | ' | ' |
Stock Plan Summary | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 10,000,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 4,345,666 | ' | ' |
Stock Purchase Plan Activity | ' | ' | ' |
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 623,887 | 684,646 | 613,452 |
Purchase price of common stock under Employee stock purchase plan as a percentage of fair market value of share | 85.00% | ' | ' |
1995 Incentive Plan [Member] | ' | ' | ' |
Stock Plan Summary | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date | '10 years | ' | ' |
Income_Taxes_Income_Taxes_Prov
Income Taxes Income Taxes - Provision (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Current Income Tax Expense (Benefit) | ' | ' | ' |
Federal | $359,012 | $74,258 | $447,126 |
State | 9,972 | -824 | 12,708 |
Foreign | 103,981 | 101,710 | 104,760 |
Current Income Tax Expense (Benefit) | 472,965 | 175,144 | 564,594 |
Deferred Income Tax Expense (Benefit) | ' | ' | ' |
Federal | 27,328 | 45,383 | -60,934 |
State | 2,645 | 1,634 | -49 |
Foreign | -29,446 | -12,649 | -13,847 |
Deferred Income Tax Expense (Benefit) | 527 | 34,368 | -74,830 |
Provision for income taxes | $473,492 | $209,512 | $489,764 |
Income_Taxes_Income_Taxes_Prov1
Income Taxes Income Taxes - Provision by Country (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Income Loss Before Provision For Income Taxes | ' | ' | ' |
United States | $1,436,470 | $518,509 | $1,242,529 |
International | 79,679 | 108,407 | 234,225 |
Income before income taxes | $1,516,149 | $626,916 | $1,476,754 |
Income_Taxes_Income_Taxes_Reco
Income Taxes Income Taxes - Reconciliation (Details 3) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation | ' | ' | ' |
U.S. federal statutory rate | 35.00% | 35.00% | 35.00% |
State taxes, net of federal benefit | 0.60% | -0.30% | 0.50% |
Non-deductible share-based compensation expense | 0.50% | 1.30% | 0.40% |
Valuation allowance | -0.10% | 0.20% | 0.40% |
Tax-exempt interest income | -0.70% | -1.90% | -0.90% |
Foreign earnings at other than U.S. rates | -2.90% | -1.20% | -1.80% |
Other | -1.20% | 0.30% | -0.40% |
Effective income tax rates | 31.20% | 33.40% | 33.20% |
Income_Taxes_Income_Taxes_Defe
Income Taxes Income Taxes - Deferred Tax Assets (Liabilities) (Details 4) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Deferred income on shipments to distributors and retailers and deferred revenue recognized for tax purposes | $68,117 | $46,679 |
Accruals and reserves not currently deductible | 63,236 | 51,636 |
Depreciation and amortization not currently deductible | 81,245 | 54,474 |
Deductible share-based compensation | 28,684 | 61,014 |
Unrealized loss on investments | 13,620 | 9,879 |
Unrealized foreign exchange loss | 8,061 | 45,122 |
Net operating loss carryforwards | 36,422 | 40,092 |
Tax credit carryforwards | 37,905 | 25,187 |
Other | 24,667 | 22,218 |
Gross deferred tax assets | 361,957 | 356,301 |
Valuation allowance | -52,105 | -37,259 |
Deferred tax assets, net of valuation allowance | 309,852 | 319,042 |
Deferred tax liabilities: | ' | ' |
Acquired intangible assets | -2,701 | -3,820 |
Unrealized gain on investments | -5,939 | -9,324 |
Unrealized foreign exchange gain | -3,127 | -43,327 |
U.S. taxes provided on unremitted earnings of foreign subsidiaries | -28,844 | -28,844 |
Total deferred tax liabilities | -40,611 | -85,315 |
Net deferred tax assets | $269,241 | $233,727 |
Income_Taxes_Income_Taxes_Unre
Income Taxes Income Taxes - Unrecognized Tax Benefit Reconciliation (Details 5) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' |
Unrecognized Tax Benefits, Beginning of Period | $179,522 | $185,826 |
Additions | ' | ' |
Unrecognized Tax Benefits, Increases Resulting from Current Period Tax Positions | 8,255 | 8,164 |
Unrecognized Tax Benefits, Increases Resulting from Prior Period Tax Positions | 15,938 | 942 |
Reductions | ' | ' |
Unrecognized Tax Benefits, Decreases Resulting from Prior Period Tax Positions | -1,737 | -7,186 |
Unrecognized Tax Benefits, Reductions Resulting from Lapse of Applicable Statute of Limitations | -7,419 | -2,003 |
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation | -9,309 | -6,221 |
Unrecognized Tax Benefits, End of Period | $185,250 | $179,522 |
Income_Taxes_Details_Textuals
Income Taxes (Details Textuals) (USD $) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
Income Tax Contingency | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $86,400,000 | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, State and Local | 136,200,000 | ' | ' |
State Research Credit | 54,900,000 | ' | ' |
Undistributed Earnings of Foreign Subsidiaries | 752,200,000 | ' | ' |
Tax Effect From Share Based Plans | 583,000 | 11,691,000 | 20,517,000 |
Provision For Income Taxes | ' | ' | ' |
Unrecognized tax benefits that would impact the effective tax rate | 92,100,000 | ' | ' |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 32,700,000 | 32,200,000 | ' |
Unrecognized tax benefits income tax penalties and interest expense or income | 2,200,000 | 2,900,000 | 3,200,000 |
Expected decrease in unrecognized tax benefits within the next twelve months | $10,200,000 | ' | ' |
Net_Income_Per_Share_Details
Net Income Per Share (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Numerator for basic net income per share: | ' | ' | ' |
Net income | $1,042,657 | $417,404 | $986,990 |
Denominator for basic net income per share: | ' | ' | ' |
Weighted average common shares outstanding | 234,886,000 | 242,076,000 | 239,484,000 |
Basic net income per share | $4.44 | $1.72 | $4.12 |
Numerator for diluted net income per share: | ' | ' | ' |
Net income | $1,042,657 | $417,404 | $986,990 |
Denominator for diluted net income per share: | ' | ' | ' |
Weighted average common shares outstanding | 234,886,000 | 242,076,000 | 239,484,000 |
Incremental common shares attributable to exercise of outstanding employee stock options, SARs and ESPP (assuming proceeds would be used to purchase common stock), and RSUs | 3,263,000 | 3,177,000 | 5,069,000 |
1.5% Notes due 2017 | 2,087,000 | 0 | 0 |
Shares used in computing diluted net income per share | 240,236,000 | 245,253,000 | 244,553,000 |
Diluted net income per share | $4.34 | $1.70 | $4.04 |
Antidilutive Shares | ' | ' | ' |
Anti-dilutive shares excluded from net income per share calculation | 53,485,000 | 70,309,000 | 68,079,000 |
Commitments_Contingencies_and_2
Commitments, Contingencies and Guarantees-JV Leases (Details 1) | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | |
In Thousands, unless otherwise specified | Flash Alliance Ltd [Member] | Flash Alliance Ltd [Member] | Flash Alliance Ltd [Member] | Flash Alliance Ltd [Member] | Flash Alliance Ltd [Member] | Flash Alliance Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Ventures [Member] | Flash Ventures [Member] | Flash Ventures [Member] | |
USD ($) | JPY (¥) | FAL Master Lease Agreement, 2012-03 [Member] | FAL Master Lease Agreement, 2012-03 [Member] | FAL Master Lease Agreement, 2012-07 [Member] | FAL Master Lease Agreement, 2012-07 [Member] | USD ($) | JPY (¥) | FPL Master Lease Agreement, 2010-04 [Member] | FPL Master Lease Agreement, 2010-04 [Member] | FPL Master Lease Agreement, 2011-01 [Member] | FPL Master Lease Agreement, 2011-01 [Member] | FPL Master Lease Agreement, 2011-11 [Member] | FPL Master Lease Agreement, 2011-11 [Member] | FPL Master Lease Agreement, 2012-03 [Member] | FPL Master Lease Agreement, 2012-03 [Member] | USD ($) | JPY (¥) | FFL Master Lease Agreement, 2011-11 [Member] | FFL Master Lease Agreement, 2011-11 [Member] | FFL Master Lease Agreement, 2012-03 [Member] | FFL Master Lease Agreement, 2012-03 [Member] | FFL Master Lease Agreement, 2012-07 [Member] | FFL Master Lease Agreement, 2012-07 [Member] | USD ($) | JPY (¥) | USD ($) | ||
USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | |||||||||||
Company's portion of the remaining guarantee obligations under each of Flash Ventures' master lease facilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Lease Agreement Type | ' | ' | 'Original | 'Original | 'Refinanced | 'Refinanced | ' | ' | 'Refinanced | 'Refinanced | 'Refinanced | 'Refinanced | 'Refinanced | 'Refinanced | 'Refinanced | 'Refinanced | ' | ' | 'Original | 'Original | 'Original | 'Original | 'Original | 'Original | ' | ' | ' | |
Guarantee of Flash Ventures equipment leases | $195,578 | ¥ 20,500,000 | $67,633 | ¥ 7,100,000 | $127,945 | ¥ 13,400,000 | $99,000 | ¥ 10,400,000 | $9,675 | ¥ 1,000,000 | $15,768 | ¥ 1,700,000 | $42,640 | ¥ 4,500,000 | $30,917 | ¥ 3,200,000 | $196,979 | ¥ 20,700,000 | $105,320 | ¥ 11,100,000 | $66,470 | ¥ 7,000,000 | $25,189 | ¥ 2,600,000 | $491,557 | [1] | ¥ 51,600,000 | $926,000 |
Lease Expiration (year) | ' | ' | 31-Mar-17 | 31-Mar-17 | 30-Jun-17 | 30-Jun-17 | ' | ' | 31-Oct-14 | 31-Oct-14 | 30-Jun-14 | 30-Jun-14 | 31-Oct-14 | 31-Oct-14 | 31-May-15 | 31-May-15 | ' | ' | 30-Dec-16 | 30-Dec-16 | 31-Mar-17 | 31-Mar-17 | 30-Jun-17 | 30-Jun-17 | ' | ' | ' | |
[1] | The Companybs guarantee obligation, net of cumulative lease payments, was 51.6B billion Japanese yen, or approximately $492B million based upon the exchange rate at DecemberB 29, 2013. |
Commitments_Contingencies_and_3
Commitments, Contingencies and Guarantees-JV Lease Amounts (Details 2) (Flash Ventures [Member]) | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | Dec. 29, 2013 | Dec. 29, 2013 | |
USD ($) | JPY (¥) | USD ($) | Payment of Principal Amortization [Member] | Purchase Option Exercise Price at Final Lease Terms [Member] | ||
USD ($) | USD ($) | |||||
Remaining guarantee obligations | ' | ' | ' | ' | ' | |
Year 1 | $190,271,000 | ' | ' | $148,038,000 | $42,233,000 | |
Year 2 | 121,177,000 | ' | ' | 103,858,000 | 17,319,000 | |
Year 3 | 83,096,000 | ' | ' | 71,348,000 | 11,748,000 | |
Year 4 | 95,412,000 | ' | ' | 28,696,000 | 66,716,000 | |
Year 5 | 1,601,000 | ' | ' | 1,601,000 | 0 | |
Guarantee of Flash Ventures equipment leases | $491,557,000 | [1] | ¥ 51,600,000,000 | $926,000,000 | $353,541,000 | $138,016,000 |
[1] | The Companybs guarantee obligation, net of cumulative lease payments, was 51.6B billion Japanese yen, or approximately $492B million based upon the exchange rate at DecemberB 29, 2013. |
Commitments_Contingencies_and_4
Commitments, Contingencies and Guarantees-Commitment Tbl (Details 3) (USD $) | Dec. 29, 2013 | |
Contractual Obligations | ' | |
Facility and other operating leases | $17,230,000 | |
Operating Leases, Future Minimum Payments, Net | 17,230,000 | |
Contractual Obligation | 5,869,085,000 | |
1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Contractual Obligation | 1,576,503,000 | |
2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Contractual Obligation | 1,144,232,000 | |
4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Contractual Obligation | 1,569,297,000 | |
More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Contractual Obligation | 1,579,053,000 | |
Operating Lease Expense [Member] | ' | |
Contractual Obligations | ' | |
Facility and other operating leases | 17,230,000 | [1] |
Operating Leases, Future Minimum Payments, Net | 17,230,000 | [1] |
Operating Lease Expense [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Facility and other operating leases | 7,177,000 | [1] |
Operating Leases, Future Minimum Payments, Net | 7,177,000 | [1] |
Operating Lease Expense [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Facility and other operating leases | 8,067,000 | [1] |
Operating Leases, Future Minimum Payments, Net | 8,067,000 | [1] |
Operating Lease Expense [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Facility and other operating leases | 1,909,000 | [1] |
Operating Leases, Future Minimum Payments, Net | 1,909,000 | [1] |
Operating Lease Expense [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Facility and other operating leases | 77,000 | [1] |
Operating Leases, Future Minimum Payments, Net | 77,000 | [1] |
Toshiba Corporation [Member] | ' | |
Contractual Obligations | ' | |
Research and development commitments | 54,042,000 | [1] |
Toshiba Corporation [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Research and development commitments | 39,042,000 | [1] |
Toshiba Corporation [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Research and development commitments | 15,000,000 | [1] |
Toshiba Corporation [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Research and development commitments | 0 | [1] |
Toshiba Corporation [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Research and development commitments | 0 | [1] |
Capital Equipment Purchase Commitments [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 29,980,000 | |
Capital Equipment Purchase Commitments [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 21,790,000 | |
Capital Equipment Purchase Commitments [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 8,187,000 | |
Capital Equipment Purchase Commitments [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 3,000 | |
Capital Equipment Purchase Commitments [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 0 | |
Operating Expense Commitments [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 32,659,000 | |
Operating Expense Commitments [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 30,340,000 | |
Operating Expense Commitments [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 2,319,000 | |
Operating Expense Commitments [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 0 | |
Operating Expense Commitments [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 0 | |
Noncancelable Production Purchase Commitments [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 233,976,000 | [1],[2] |
Noncancelable Production Purchase Commitments [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 233,976,000 | [1],[2] |
Noncancelable Production Purchase Commitments [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 0 | [1],[2] |
Noncancelable Production Purchase Commitments [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 0 | [1],[2] |
Noncancelable Production Purchase Commitments [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Unrecorded Unconditional Purchase Obligation | 0 | [1],[2] |
1.5% Sr. Convertible Notes due 2017 [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 1,060,000,000 | [3] |
1.5% Sr. Convertible Notes due 2017 [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 15,000,000 | [3] |
1.5% Sr. Convertible Notes due 2017 [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 30,000,000 | [3] |
1.5% Sr. Convertible Notes due 2017 [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 1,015,000,000 | [3] |
1.5% Sr. Convertible Notes due 2017 [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 0 | [3] |
0.5% Sr. Convertible Notes due 2020 [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 1,552,250,000 | [4] |
0.5% Sr. Convertible Notes due 2020 [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 7,250,000 | [4] |
0.5% Sr. Convertible Notes due 2020 [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 15,000,000 | [4] |
0.5% Sr. Convertible Notes due 2020 [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 15,000,000 | [4] |
0.5% Sr. Convertible Notes due 2020 [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Convertible senior notes principal and interest | 1,515,000,000 | [4] |
Flash Partners Ltd [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 378,021,000 | [1],[5],[6] |
Flash Partners Ltd [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 147,448,000 | [1],[5],[6] |
Flash Partners Ltd [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 160,581,000 | [1],[5],[6] |
Flash Partners Ltd [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 66,670,000 | [1],[5],[6] |
Flash Partners Ltd [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 3,322,000 | [1],[5],[6] |
Flash Alliance Ltd [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 1,616,360,000 | [1],[5],[6] |
Flash Alliance Ltd [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 683,292,000 | [1],[5],[6] |
Flash Alliance Ltd [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 583,158,000 | [1],[5],[6] |
Flash Alliance Ltd [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 313,211,000 | [1],[5],[6] |
Flash Alliance Ltd [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 36,699,000 | [1],[5],[6] |
Flash Forward Ltd [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 894,567,000 | [1],[5],[6] |
Flash Forward Ltd [Member] | 1 Year or Less [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 391,188,000 | [1],[5],[6] |
Flash Forward Ltd [Member] | 2 - 3 Years (Fiscal 2014 and 2015) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 321,920,000 | [1],[5],[6] |
Flash Forward Ltd [Member] | 4 - 5 Years (Fiscal 2016 and 2017) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | 157,504,000 | [1],[5],[6] |
Flash Forward Ltd [Member] | More than 5 Years (Beyond Fiscal 2017) [Member] | ' | |
Contractual Obligations | ' | |
Reimbursement for certain Flash Venture fixed costs | $23,955,000 | [1],[5],[6] |
[1] | Includes amounts denominated in a currency other than the U.S. dollar, which are subject to fluctuation in exchange rates prior to payment and have been translated using the exchange rate at DecemberB 29, 2013. | |
[2] | Includes Flash Ventures, related party vendors and other silicon source vendor purchase commitments. | |
[3] | In August 2010, the Company issued and sold $1.0B billion in aggregate principal amount of 1.5% Notes due 2017. The Company will pay cash interest on the outstanding notes at an annual rate of 1.5%, payable semi-annually on August 15 and February 15 of each year until AugustB 15, 2017. | |
[4] | In October 2013, the Company issued and sold $1.5B billion in aggregate principal amount of 0.5% Notes due 2020. The Company will pay cash interest on the outstanding notes at an annual rate of 0.5%, payable semi-annually on April 15 and October 15 of each year until OctoberB 15, 2020. | |
[5] | Includes reimbursement for depreciation and lease payments on owned and committed equipment, funding commitments for loans and equity investments and reimbursement for other committed expenses. Funding commitments assume no additional operating lease guarantees; new operating lease guarantees can reduce funding commitments. | |
[6] | Excludes amounts related to the master lease agreementsb purchase option exercise price at final lease term. |
Commitments_Contingencies_and_5
Commitments, Contingencies and Guarantees-Obligation Tbl (Details 4) (Flash Ventures [Member]) | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | |
In Thousands, unless otherwise specified | USD ($) | JPY (¥) | USD ($) | |
Guarantor Obligations | ' | ' | ' | |
Guarantee of Flash Ventures equipment leases | $491,557 | [1] | ¥ 51,600,000 | $926,000 |
[1] | The Companybs guarantee obligation, net of cumulative lease payments, was 51.6B billion Japanese yen, or approximately $492B million based upon the exchange rate at DecemberB 29, 2013. |
Commitments_Contingencies_and_6
Commitments, Contingencies and Guarantees-Future Lease Obligation (Details 5) (USD $) | Dec. 29, 2013 |
In Thousands, unless otherwise specified | |
Operating leases future minimum payments | ' |
2014 | $7,717 |
2015 | 6,083 |
2016 | 2,695 |
2017 | 1,370 |
2018 | 539 |
2019 | 77 |
Total future minimum lease rental payments | 18,481 |
Sublease income to be received in the future under noncancelable subleases | -1,251 |
Net operating leases | $17,230 |
Commitments_Contingencies_and_7
Commitments, Contingencies and Guarantees-Rent Expense (Details 6) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Net rent expense | ' | ' | ' |
Rent expense, net | $6,473 | $6,366 | $7,926 |
Commitments_Contingencies_and_8
Commitments, Contingencies and Guarantees-JV (Details Textual 1) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Jan. 02, 2011 | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | Dec. 29, 2013 | Dec. 29, 2013 | ||
USD ($) | USD ($) | USD ($) | USD ($) | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Partners Ltd [Member] | Flash Alliance Ltd [Member] | Flash Alliance Ltd [Member] | Flash Alliance Ltd [Member] | Flash Alliance Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Forward Ltd [Member] | Flash Ventures [Member] | Flash Ventures [Member] | Flash Ventures [Member] | Flash Ventures [Member] | Flash Ventures [Member] | ||
USD ($) | USD ($) | USD ($) | JPY (¥) | USD ($) | USD ($) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | USD ($) | JPY (¥) | USD ($) | SanDisk Corporation [Member] | Toshiba Corporation [Member] | ||||||
Venture Ownership | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Firm's ownership in business venture | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49.90% | ' | |
Partner's ownership in venture business | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.10% | |
Venture Origination Year | ' | ' | ' | ' | 10-Sep-04 | ' | ' | ' | 7-Jul-06 | ' | ' | ' | 13-Jul-10 | 13-Jul-10 | ' | ' | ' | ' | ' | ' | |
Equity Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Notes Receivable, Related Parties, Noncurrent | ' | ' | ' | ' | $100,100,000 | ' | ' | ' | $324,000,000 | ' | ' | ' | $169,100,000 | ' | ' | ($593,000,000) | ' | ($820,000,000) | ' | ' | |
Equity investment in business venture | ' | ' | ' | ' | 190,700,000 | 232,500,000 | ' | ' | 284,000,000 | 342,000,000 | ' | ' | 66,700,000 | ' | 65,700,000 | -541,000,000 | ' | -640,000,000 | ' | ' | |
Cumulative translation adjustments | -47,440,000 | 155,389,000 | ' | ' | 17,300,000 | 59,300,000 | ' | ' | -8,700,000 | 53,700,000 | ' | ' | -16,200,000 | ' | -3,700,000 | ' | ' | ' | ' | ' | |
Equity Method Investment Difference Between Carrying Amount And Underlying Equity (Basis Adjustment) | ' | ' | ' | ' | 1,200,000 | 3,000,000 | 5,300,000 | ' | 6,500,000 | 15,200,000 | 24,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Master Lease Agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Joint Venture Master Equipment Lease Agreement Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,550,000,000 | 162,600,000,000 | ' | ' | ' | |
Joint Venture Master Equipment Lease Agreement Outstanding Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 983,000,000 | 103,200,000,000 | ' | ' | ' | |
Guarantee of Flash Ventures equipment leases | ' | ' | ' | ' | 99,000,000 | ' | ' | 10,400,000,000 | 195,578,000 | ' | ' | 20,500,000,000 | 196,979,000 | 20,700,000,000 | ' | 491,557,000 | [1] | 51,600,000,000 | 926,000,000 | ' | ' |
Master Lease Covenants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Joint Venture Master Equipment Lease Agreement Guarantor Equity Covenant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,510,000,000 | ' | ' | ' | ' | |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 6,965,691,000 | 7,259,600,000 | 7,060,839,000 | 5,779,395,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Tax Commitment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Unrecognized tax benefits from the contractual obligation | 205,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $32,700,000 | $32,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
[1] | The Companybs guarantee obligation, net of cumulative lease payments, was 51.6B billion Japanese yen, or approximately $492B million based upon the exchange rate at DecemberB 29, 2013. |
Commitments_Contingencies_and_9
Commitments, Contingencies and Guarantees-Indemnity (Details Textual 3) (USD $) | Dec. 29, 2013 | Dec. 30, 2012 |
Supplier and Customer [Member] | ' | ' |
Indemnification | ' | ' |
Indemnification Accrual At Carrying Value | $0 | ' |
Officers, Employees and Directors [Member] | ' | ' |
Indemnification | ' | ' |
Indemnification Accrual At Carrying Value | 0 | 0 |
Environmental Cost [Member] | ' | ' |
Indemnification | ' | ' |
Indemnification Accrual At Carrying Value | $0 | ' |
Recovered_Sheet3
Commitments, Contingencies and Guarantees-Financing Arrangements (Details Textual 4) (USD $) | 1 Months Ended | 1 Months Ended | |||||
Aug. 31, 2010 | Dec. 29, 2013 | Dec. 30, 2012 | Oct. 27, 2013 | Dec. 29, 2013 | Oct. 23, 2013 | Dec. 30, 2012 | |
1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 1.5% Sr. Convertible Notes due 2017 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | 0.5% Sr. Convertible Notes due 2020 [Member] | |
Debt Instruments | ' | ' | ' | ' | ' | ' | ' |
Aggregate principal amount of convertible notes, issued and sold | $1,000,000,000 | $1,000,000,000 | $1,000,000,000 | ' | $1,500,000,000 | $1,500,000,000 | $0 |
Debt Instrument, Issuance Date | 20-Aug-10 | ' | ' | 29-Oct-13 | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 1.50% | ' | ' | ' | ' | 0.50% | ' |
Debt Instrument, Maturity Date | 15-Aug-17 | ' | ' | 15-Oct-20 | ' | ' | ' |
Recovered_Sheet4
Commitments, Contingencies and Guarantees-Operating Leases (Details Textual 5) | Dec. 29, 2013 |
Operating Leased Assets | ' |
Operating Lease Expiration Minimum (Year) | '2014 |
Operating Lease Expiration Maximum (Year) | '2019 |
Related_Parties_and_Strategic_2
Related Parties and Strategic Investments (Details 1) (Flash Ventures [Member]) | Dec. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | |
USD ($) | JPY (¥) | USD ($) | ||
Maximum reasonably estimable loss exposure (excluding lost profits), based upon the exchange rate | ' | ' | ' | |
Notes receivable | $593,000,000 | ' | $820,000,000 | |
Equity investments | 541,000,000 | ' | 640,000,000 | |
Guarantee of Flash Ventures equipment leases | 491,557,000 | [1] | 51,600,000,000 | 926,000,000 |
Prepayments | 5,000,000 | ' | 26,000,000 | |
Maximum loss exposure | $1,631,000,000 | ' | $2,412,000,000 | |
[1] | The Companybs guarantee obligation, net of cumulative lease payments, was 51.6B billion Japanese yen, or approximately $492B million based upon the exchange rate at DecemberB 29, 2013. |
Related_Parties_and_Strategic_3
Related Parties and Strategic Investments (Details 2) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
ASSETS | ' | ' | ' |
Current assets | $631 | $683 | ' |
Property, plant, equipment and other assets | 2,802 | 2,902 | ' |
Total assets | 3,433 | 3,585 | ' |
LIABILITIES | ' | ' | ' |
Current liabilities | 1,144 | 653 | ' |
Long-term liabilities | 1,186 | 1,640 | ' |
Summarized Financial Information, Income Statement | ' | ' | ' |
Net sales | 3,589 | 4,787 | 4,577 |
Gross profit (loss) | 31 | 8 | -2 |
Net income (loss) | $28 | ($15) | $5 |
Related_Parties_and_Strategic_4
Related Parties and Strategic Investments (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | |
Related Parties and Strategic Investments | ' | ' | ' |
Accounts payable balances due to related party | $146,964,000 | $214,806,000 | ' |
Flash Ventures [Member] | ' | ' | ' |
Related Parties and Strategic Investments | ' | ' | ' |
The Company purchased NAND flash memory wafers from Flash Ventures and made prepayments, investments and loans to Flash Ventures | 1,870,000,000 | 2,710,000,000 | 2,950,000,000 |
Repayment of loan from Flash Ventures | 124,800,000 | 511,300,000 | 416,300,000 |
Accounts payable balances due to related party | 146,000,000 | 214,500,000 | ' |
Undistributed earnings (deficit) of equity method investments | $8,100,000 | ($600,000) | ' |
Flash Ventures [Member] | SanDisk Corporation [Member] | ' | ' | ' |
Related Parties and Strategic Investments | ' | ' | ' |
Percentage of ownership with Related party | 49.90% | ' | ' |
Stockholders_Rights_Plan_Detai
Stockholders Rights Plan (Details Textuals) | 12 Months Ended |
Dec. 29, 2013 | |
Stockholders Rights Plan | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1 |
Preferred Shares Purchased Under Stockholders Rights Plan | 0.005 |
Class of Warrant or Right, Exercise Price of Warrants or Rights | 225 |
Minimum Percentage Of Ownership Required To Exercise Stock Rights Plan | 15.00% |
Business_Acquisition_Details_1
Business Acquisition (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 |
Business Acquisition | ' | ' | ' |
Total purchase price | $304,320 | $69,629 | $317,649 |
SMART Storage Systems [Member] | ' | ' | ' |
Business Acquisition | ' | ' | ' |
Cash consideration | 304,982 | ' | ' |
Estimated fair value of replacement stock options related to precombination service | 136 | ' | ' |
Total purchase price | $305,118 | ' | ' |
Business_Acquisition_Details_2
Business Acquisition (Details 2) (SMART Storage Systems [Member], USD $) | Dec. 29, 2013 |
In Thousands, unless otherwise specified | |
SMART Storage Systems [Member] | ' |
Business Acquisition | ' |
Cash | $804 |
Accounts receivable, net | 7,827 |
Inventory | 29,331 |
Deferred taxes - current | 921 |
Other current assets | 28,002 |
Property and equipment | 5,734 |
Deferred taxes - non-current | 3,338 |
Other non-current assets | 149 |
Total assets | 76,106 |
Accounts payable | -11,746 |
Other current liabilities | -34,538 |
Non-current liabilities | -8,979 |
Total liabilities | -55,263 |
Net tangible assets | $20,843 |
Business_Acquisition_Details_3
Business Acquisition (Details 3) (SMART Storage Systems [Member], USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 29, 2013 |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
Net tangible liabilities acquired | $20,843 |
Finite-lived Intangible Assets Acquired | 168,500 |
Goodwill | 115,775 |
Fair values assigned to tangible assets, intangible assets acquired and liabilities assumed | ' |
Total purchase price | 305,118 |
In-process research and development [Member] | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
In-process research and development | 6,300 |
Developed Technology [Member] | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
Finite-lived Intangible Assets Acquired | 146,100 |
Trademarks [Member] | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
Finite-lived Intangible Assets Acquired | 8,500 |
Customer relationships [Member] | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
Finite-lived Intangible Assets Acquired | $7,600 |
Business_Acquisition_Details_T
Business Acquisition (Details Textuals) (USD $) | 12 Months Ended | ||
In Millions, except Share data in Thousands, unless otherwise specified | Dec. 29, 2013 | Jan. 01, 2012 | Dec. 29, 2013 |
SMART Storage Systems [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | |
SMART Storage Systems [Member] | |||
Business Acquisition | ' | ' | ' |
Effective date of acquisition agreement | 22-Aug-13 | ' | ' |
Business acquisition unsettled liability | $25.50 | ' | ' |
Name of acquired entity | 'SMART Storage Systems | ' | ' |
Business acquisition seller refund | 25.5 | ' | ' |
Description of acquired entity | 'a developer of enterprise SSDs | ' | ' |
Description of primary reason for business combination | 'The Company expects this acquisition to enhance its enterprise storage product portfolio. | ' | ' |
Percentage acquired in business combination | 100.00% | ' | ' |
Assumed through acquisition, shares | ' | 209 | 183 |
Weighted-Average amortization period of intangible assets (in years) | '3 years 11 months | ' | ' |
Acquisition-related costs related to legal, regulatory and accounting fees | $3.10 | ' | ' |
Supplementary_Financial_Data_D
Supplementary Financial Data (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||
Dec. 29, 2013 | Sep. 29, 2013 | Dec. 29, 2013 | Dec. 30, 2012 | Jan. 01, 2012 | Dec. 29, 2013 | Sep. 29, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 30, 2012 | Sep. 30, 2012 | Jul. 01, 2012 | Apr. 01, 2012 | |
Current Fiscal Year [Member] | Current Fiscal Year [Member] | Current Fiscal Year [Member] | Current Fiscal Year [Member] | Prior Fiscal Year [Member] | Prior Fiscal Year [Member] | Prior Fiscal Year [Member] | Prior Fiscal Year [Member] | ||||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | $6,170,003,000 | $5,052,509,000 | $5,662,145,000 | $1,727,858,000 | $1,625,153,000 | $1,476,263,000 | $1,340,729,000 | $1,541,503,000 | $1,273,190,000 | $1,032,255,000 | $1,205,561,000 |
Gross profit (loss) | ' | ' | 2,867,483,000 | 1,683,220,000 | 2,439,146,000 | 857,155,000 | 801,993,000 | 676,819,000 | 531,516,000 | 603,012,000 | 382,921,000 | 280,777,000 | 416,510,000 |
Operating income (loss) | ' | ' | 1,562,210,000 | 696,095,000 | 1,530,100,000 | 507,413,000 | 408,448,000 | 392,558,000 | 253,791,000 | 335,975,000 | 132,073,000 | 36,183,000 | 191,864,000 |
Net income | ' | ' | 1,042,657,000 | 417,404,000 | 986,990,000 | 337,780,000 | 276,859,000 | 261,789,000 | 166,229,000 | 213,543,000 | 76,507,000 | 12,969,000 | 114,385,000 |
Earnings Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | ' | ' | $4.44 | $1.72 | $4.12 | $1.50 | $1.20 | $1.08 | $0.69 | $0.88 | $0.32 | $0.05 | $0.47 |
Diluted | ' | ' | $4.34 | $1.70 | $4.04 | $1.45 | $1.18 | $1.06 | $0.68 | $0.87 | $0.31 | $0.05 | $0.46 |
Dividends | $51,500,000 | $51,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |