Lattice Semiconductor (LSCC) 10-Q 4 Aug 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jul. 03, 2021	Jul. 30, 2021
Document Information [Line Items]
Entity Central Index Key	0000855658
Entity Registrant Name	Lattice Semiconductor Corp
Amendment Flag	false
Current Fiscal Year End Date	--01-01
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 3, 2021
Document Transition Report	false
Entity File Number	000-18032
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-0835214
Entity Address, Address Line One	5555 NE Moore Court
Entity Address, City or Town	Hillsboro
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97124
City Area Code	503
Local Phone Number	268-8000
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	LSCC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		136,384,642

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Revenue	$ 125,905	$ 100,589	$ 241,621	$ 197,905
Cost of revenue	48,721	40,012	93,851	79,766
Gross margin	77,184	60,577	147,770	118,139
Operating expenses:
Research and development	27,454	22,458	51,520	44,151
Selling, general, and administrative	25,607	24,488	50,699	47,039
Amortization of acquired intangible assets	603	603	1,206	3,243
Restructuring charges	204	546	380	1,486
Total operating expenses	53,868	48,095	103,805	95,919
Income from operations	23,316	12,482	43,965	22,220
Interest expense	(702)	(1,045)	(1,420)	(2,122)
Other (expense) income, net	(135)	37	(297)	(13)
Income before income taxes	22,479	11,474	42,248	20,085
Income tax expense	641	845	1,597	1,289
Net income	$ 21,838	$ 10,629	$ 40,651	$ 18,796
Net income per share:
Basic (in dollars per share)	$ 0.16	$ 0.08	$ 0.30	$ 0.14
Diluted (in dollars per share)	$ 0.15	$ 0.08	$ 0.29	$ 0.14
Shares used in per share calculations:
Basic (in shares)	136,388	134,857	136,394	134,555
Diluted (in shares)	141,491	139,202	141,637	138,751

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Net income	$ 21,838	$ 10,629	$ 40,651	$ 18,796
Other comprehensive income (loss):
Translation adjustment, net of tax	188	151	(49)	40
Comprehensive income	$ 22,026	$ 10,780	$ 40,602	$ 18,836

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Current assets:
Cash and cash equivalents	$ 187,734	$ 182,332
Accounts receivable, net of allowance for credit losses	71,219	64,581
Inventories, net	65,584	64,599
Prepaid expenses and other current assets	21,932	22,331
Total current assets	346,469	333,843
Property and equipment, less accumulated depreciation of $113,651 at July 3, 2021 and $111,182 at January 2, 2021	37,475	39,666
Operating lease right-of-use assets	26,430	22,178
Intangible assets, net	6,469	6,321
Goodwill	267,514	267,514
Deferred income taxes	565	577
Other long-term assets	8,630	9,968
Total assets	693,552	680,067
Current liabilities:
Accounts payable	34,480	27,530
Accrued expenses	21,360	21,411
Accrued payroll obligations	15,578	18,028
Current portion of long-term debt	17,154	12,762
Total current liabilities	88,572	79,731
Long-term debt, net of current portion	149,352	157,934
Long-term operating lease liabilities, net of current portion	22,457	18,906
Other long-term liabilities	35,856	39,069
Total liabilities	296,237	295,640
Contingencies (Note 12)
Stockholders' equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $.01 par value, 300,000,000 shares authorized; 136,344,000 shares issued and outstanding as of July 3, 2021 and 136,236,000 shares issued and outstanding as of January 2, 2021	1,363	1,362
Additional paid-in capital	742,996	770,711
Accumulated deficit	(345,247)	(385,898)
Accumulated other comprehensive loss	(1,797)	(1,748)
Total stockholders' equity	397,315	384,427
Total liabilities and stockholders' equity	$ 693,552	$ 680,067

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Accumulated depreciation	$ 113,651	$ 111,182
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	136,344,000	136,236,000
Common stock, shares outstanding (in shares)	136,344,000	136,236,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020
Cash flows from operating activities:
Net income	$ 40,651	$ 18,796
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,759	13,456
Stock-based compensation expense	22,374	19,740
Amortization of right-of-use assets	3,291	2,976
Amortization of debt issuance costs and discount	184	208
Other non-cash adjustments	(92)	(60)
Changes in assets and liabilities:
Accounts receivable, net	(6,638)	(22,491)
Inventories, net	(985)	919
Prepaid expenses and other assets	(1,063)	(1,169)
Accounts payable	6,950	4,409
Accrued expenses	176	798
Accrued payroll obligations	(2,450)	1,869
Operating lease liabilities, current and long-term portions	(3,246)	(2,957)
Income taxes payable	(207)	370
Net cash provided by (used in) operating activities	70,704	36,864
Cash flows from investing activities:
Capital expenditures	(4,413)	(6,829)
Cash paid for software and intellectual property licenses	(6,377)	(4,626)
Net cash provided by (used in) investing activities	(10,790)	(11,455)
Cash flows from financing activities:
Restricted stock unit tax withholdings	(13,923)	(6,642)
Proceeds from issuance of common stock	3,948	4,537
Purchases of treasury stock	(40,113)	0
Proceeds from long-term debt	0	50,000
Repayment of long-term debt	(4,375)	(26,250)
Net cash provided by (used in) financing activities	(54,463)	21,645
Effect of exchange rate change on cash	(49)	40
Net increase in cash and cash equivalents	5,402	47,094
Beginning cash and cash equivalents	182,332	118,081
Ending cash and cash equivalents	187,734	165,175
Supplemental disclosure of cash flow information and non-cash investing and financing activities:
Interest paid	1,180	2,193
Operating lease payments	3,984	3,812
Income taxes paid, net of refunds	1,805	1,579
Accrued purchases of plant and equipment	253	1,067
Operating lease right-of-use assets obtained in exchange for lease obligations	$ 7,459	$ 1,635

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Dec. 28, 2019	133,883,000
Balances at Dec. 28, 2019	$ 1,339	$ 762,213	$ 0	$ (433,290)	$ (2,603)	$ 327,659
Net income	0	0	0	18,796	0	18,796
Other comprehensive loss	0	0	0	0	40	40
Total comprehensive income (loss)						18,836
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	1,264,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 12	(2,117)	0	0	0	(2,105)
Stock-based compensation expense	$ 0	19,740	0	0	0	19,740
Balances (in shares) at Jun. 27, 2020	135,147,000
Balances at Jun. 27, 2020	$ 1,351	779,836	0	(414,494)	(2,563)	364,130
Balances (in shares) at Mar. 28, 2020	134,513,000
Balances at Mar. 28, 2020	$ 1,345	769,451	0	(425,123)	(2,714)	342,959
Net income	0	0	0	10,629	0	10,629
Other comprehensive loss	0	0	0	0	151	151
Total comprehensive income (loss)						10,780
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	634,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 6	(627)	0	0	0	(621)
Stock-based compensation expense	$ 0	11,012	0	0	0	11,012
Balances (in shares) at Jun. 27, 2020	135,147,000
Balances at Jun. 27, 2020	$ 1,351	779,836	0	(414,494)	(2,563)	$ 364,130
Balances (in shares) at Jan. 02, 2021	136,236,000					136,236,000
Balances at Jan. 02, 2021	$ 1,362	770,711	0	(385,898)	(1,748)	$ 384,427
Net income	0	0	0	40,651	0	40,651
Other comprehensive loss	0	0	0	0	(49)	(49)
Total comprehensive income (loss)						40,602
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	937,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 9	(9,984)	0	0	0	(9,975)
Stock-based compensation expense	0	22,374	0	0	0	22,374
Purchases of treasury stock	$ 0	0	(40,113)	0	0	(40,113)
Retirement of treasury stock (in shares)	(829,000)
Retirement of treasury stock	$ (8)	(40,105)	40,113	0	0	$ 0
Balances (in shares) at Jul. 03, 2021	136,344,000					136,344,000
Balances at Jul. 03, 2021	$ 1,363	742,996	0	(345,247)	(1,797)	$ 397,315
Balances (in shares) at Apr. 03, 2021	136,401,000
Balances at Apr. 03, 2021	$ 1,364	759,291	0	(367,085)	(1,985)	391,585
Net income	0	0	0	21,838	0	21,838
Other comprehensive loss	0	0	0	0	188	188
Total comprehensive income (loss)						22,026
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	465,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 4	(3,109)	0	0	0	(3,105)
Stock-based compensation expense	0	11,920	0	0	0	11,920
Purchases of treasury stock	$ 0	0	(25,111)	0	0	(25,111)
Retirement of treasury stock (in shares)	(522,000)
Retirement of treasury stock	$ (5)	(25,106)	25,111	0	0	$ 0
Balances (in shares) at Jul. 03, 2021	136,344,000					136,344,000
Balances at Jul. 03, 2021	$ 1,363	$ 742,996	$ 0	$ (345,247)	$ (1,797)	$ 397,315

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1 Lattice Semiconductor Corporation and its subsidiaries (“Lattice,” the “Company,” “we,” “us,” or “our”) develop technologies that we monetize through differentiated programmable logic semiconductor products, system solutions, design services, and licenses. Basis of Presentation and Use of Estimates The accompanying Consolidated Financial Statements are unaudited and have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). In our opinion, they include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of results for the interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by the SEC's rules and regulations for interim reporting. These Consolidated Financial Statements should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10 January 2, 2021 (" 2020 10 The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, actual results may We describe our accounting methods and practices in more detail in our 2020 10 no 2020 10 Certain prior year balances have been reclassified to conform to the current year’s presentation. Fiscal Reporting Periods We report based on a 52 53 December 31. 2021 52 January 1, 2022, 2020 53 January 2, 2021. second 2021 second 2020 July 3, 2021 June 27, 2020 six 13 26 Concentrations of Risk Potential exposure to concentrations of risk may 88% and 85% second 2021 2020 six July 3, 2021 June 27, 2020, two d for 47% and 36% of net accounts receivable at July 3, 2021 and 47% and 45% January 2, 2021

Note 2 - Net Income Per Share

Note 2 - Net Income Per Share	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	2 Our calculation of the diluted share count includes the number of shares from our equity awards with market conditions or performance conditions that would be issuable under the terms of such awards at the end of the reporting period. For equity awards with a market condition, the number of shares included in the diluted share count as of the end of each period presented is determined by measuring the achievement of the market condition as of the end of the respective reporting periods. For equity awards with an EBITDA performance condition, as of the end of each period presented 2021 no July 3, 2021 not See "Note 9 to our consolidated financial statements for further discussion of our equity awards with market conditions or performance conditions. A summary of basic and diluted Net income per share is presented in the following table: Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (in thousands, except per share data) 2021 2020 2021 2020 Net income $ 21,838 $ 10,629 $ 40,651 $ 18,796 Shares used in basic Net income per share 136,388 134,857 136,394 134,555 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 5,103 4,345 5,243 4,196 Shares used in diluted Net income per share 141,491 139,202 141,637 138,751 Basic Net income per share $ 0.16 $ 0.08 $ 0.30 $ 0.14 Diluted Net income per share $ 0.15 $ 0.08 $ 0.29 $ 0.14 The computation of diluted Net income per share excludes the effects of stock options, restricted stock units ("RSUs"), Employee Stock Purchase Plan ("ESPP") shares, and equity awards with a market condition or performance condition that are antidilutive, aggregating approximately the following number of shares: Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (in thousands) 2021 2020 2021 2020 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 124 579 96 658

Note 3 - Revenue From Contracts

Note 3 - Revenue From Contracts With Customers	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3 Disaggregation of revenue The following tables provide information about revenue from contracts with customers disaggregated by major class of revenue, revenue by channel, and by geographical market, based on ship-to location of t he customer: Three Months Ended Six Months Ended Major Class of Revenue July 3, June 27, July 3, June 27, (In thousands) 2021 2020 2021 2020 Product $ 122,536 97 % $ 95,996 96 % $ 234,128 97 % $ 189,221 96 % Licensing and services 3,369 3 % 4,593 4 % 7,493 3 % 8,684 4 % Total revenue $ 125,905 100 % $ 100,589 100 % $ 241,621 100 % $ 197,905 100 % Revenue by Channel (In thousands) Product revenue - Distributors $ 111,168 88 % $ 85,152 85 % $ 209,947 87 % $ 160,607 81 % Product revenue - Direct 11,368 9 % 10,844 11 % 24,181 10 % 28,614 15 % Licensing and services revenue 3,369 3 % 4,593 4 % 7,493 3 % 8,684 4 % Total revenue $ 125,905 100 % $ 100,589 100 % $ 241,621 100 % $ 197,905 100 % Revenue by Geographical Market (In thousands) United States $ 11,672 9 % $ 9,860 10 % $ 20,782 9 % $ 23,179 12 % Other Americas 6,154 5 % 4,647 4 % 12,887 5 % 7,915 4 % Americas 17,826 14 % 14,507 14 % 33,669 14 % 31,094 16 % China 64,821 52 % 52,465 52 % 131,940 54 % 95,964 48 % Taiwan 6,577 5 % 7,593 8 % 9,391 4 % 17,452 9 % Japan 8,836 7 % 6,435 6 % 16,613 7 % 14,434 7 % Other Asia 16,221 13 % 8,067 8 % 26,901 11 % 15,403 8 % Asia 96,455 77 % 74,560 74 % 184,845 76 % 143,253 72 % Europe 11,624 9 % 11,522 12 % 23,107 10 % 23,558 12 % Total revenue $ 125,905 100 % $ 100,589 100 % $ 241,621 100 % $ 197,905 100 % Contract balances Our contract assets relate to our rights to consideration for licenses and royalties due to us as a member of the HDMI Founders consortium, with collection dependent on events other than the passage of time, such as collection of licenses and royalties from customers by the HDMI licensing agent. The balance results primarily from the amount of estimated revenue related to HDMI that we have recognized to date, but which has not first six 2021 (In thousands) Contract assets as of January 2, 2021 $ 5,611 Revenues recorded during the period 7,191 Transferred to Accounts receivable or collected (7,568 ) Contract assets as of July 3, 2021 $ 5,234 Contract liabilities are included in Accrued expenses on our Consolidated Balance Sheets. The following table summarizes activity during the first six 2021 (In thousands) Contract liabilities as of January 2, 2021 $ 3,068 Accruals for estimated future stock rotation and scrap returns 3,550 Less: Release of accruals for recognized stock rotation and scrap returns (1,831 ) Contract liabilities as of July 3, 2021 $ 4,787

Note 4 - Balance Sheet Componen

Note 4 - Balance Sheet Components	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	4 Accounts Receivable Accounts receivable do not July 3, January 2, (In thousands) 2021 2021 Accounts receivable $ 71,273 $ 64,635 Less: Allowance for credit losses (54 ) (54 ) Accounts receivable, net of allowance for credit losses $ 71,219 $ 64,581 Inventories July 3, January 2, (In thousands) 2021 2021 Work in progress $ 40,859 $ 34,724 Finished goods 24,725 29,875 Total inventories, net $ 65,584 $ 64,599 Accrued Expenses Included in Accrued expenses in the Consolidated Balance Sheets are the following balances: July 3, January 2, (In thousands) 2021 2021 Liability for non-cancelable contracts $ 6,780 $ 8,492 Current portion of operating lease liabilities 4,811 4,149 Contract liability under ASC 606 4,787 3,068 Other accrued expenses 4,982 5,702 Total accrued expenses $ 21,360 $ 21,411 Property and Equipment – Geographic Information Our Property and equipment, net by country at the end of each period was as follows: July 3, January 2, (In thousands) 2021 2021 United States $ 27,685 $ 29,440 Taiwan 4,793 5,171 Philippines 2,668 2,912 China 1,764 1,537 Japan 458 476 Other 107 130 Total foreign property and equipment, net 9,790 10,226 Total property and equipment, net $ 37,475 $ 39,666 Cloud Based Computing Implementation Costs Under the guidance in ASU 2018 15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350 40 first six 2021 (In thousands) Cloud based computing implementation costs as of January 2, 2021 $ 2,831 Costs capitalized 235 Amortization (367 ) Cloud based computing implementation costs as of July 3, 2021 $ 2,699

Note 5 - Long-term Debt

Note 5 - Long-term Debt	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Long-term Debt [Text Block]	5 On May 17, 2019, five five During the second 2021, July 3, January 2, (In thousands) 2021 2021 Principal amount $ 167,500 $ 171,875 Unamortized original issuance discount and debt costs (994 ) (1,179 ) Less: Current portion of long-term debt (17,154 ) (12,762 ) Long-term debt, net of current portion and unamortized debt issue costs $ 149,352 $ 157,934 As of July 3, 2021 s 1.57%, and the effective interest rate on the revolving loan was 1.35%. We pay a commitment fee of 0.20% on the unused portion of the revolving loan. Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (In thousands) 2021 2020 2021 2020 Contractual interest $ 588 $ 918 $ 1,185 $ 2,004 Amortization of original issuance discount and debt costs 92 105 184 208 Total interest expense related to long-term debt $ 680 $ 1,023 $ 1,369 $ 2,212 Expected future principal payments are based on the schedule of required quarterly installments. As of July 3, 2021 Fiscal year (in thousands) 2021 (Remaining 2 quarters) $ 8,750 2022 17,500 2023 17,500 2024 123,750 $ 167,500

Note 6 - Restructuring

Note 6 - Restructuring	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	6 Under the Q1 2020 2020 10 second 2021 2020, first six 2021 2020, July 3, 2021 Q1 2020 Q1 2020 Under the Q2 2019 2020 10 second 2021 2020, first six 2021 2020, July 3, 2021 Q2 2019 Q2 2019 Under the June 2017 2020 10 $0.2 second 2021 2020, first six 2021 2020, July 3, 2021 June 2017 June 2017 These expenses were recorded to Restructuring charges on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accrued expenses and in Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to our restructuring plans: (In thousands) Severance & Related (1) Lease Termination & Fixed Assets Other (2) Total Accrued Restructuring at January 2, 2021 $ 246 $ 8,233 $ 664 $ 9,143 Restructuring charges 17 363 — 380 Costs paid or otherwise settled (10 ) (896 ) (664 ) (1,570 ) Accrued Restructuring at July 3, 2021 $ 253 $ 7,700 $ - $ 7,953 Accrued Restructuring at December 28, 2019 $ 160 $ 6,585 $ 865 $ 7,610 Restructuring charges 1,277 114 95 1,486 Costs paid or otherwise settled (508 ) (833 ) (201 ) (1,542 ) Accrued Restructuring at June 27, 2020 $ 929 $ 5,866 $ 759 $ 7,554 ( 1 Includes employee relocation and outplacement costs ( 2 Includes termination fees on the cancellation of certain contracts under the Q2 2019

Note 7 - Leases

Note 7 - Leases	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	7 We have operating leases for corporate offices, sales offices, research and development facilities, storage facilities, and a data center, the terms of which are described in our 2020 10 first 2021, 2028, July 3, 2021 We recorded fixed operating lease expenses of $2.0 second 2021 2020, and $3.9 and $3.8 million for the first six 2021 2020 The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during the first six 2021 Operating lease right-of-use assets (in thousands) Balance as of January 2, 2021 $ 22,178 Right-of-use assets obtained for new and modified lease contracts during the period 7,459 Amortization of right-of-use assets during the period (3,291 ) Adjustments for present value and foreign currency effects 84 Balance as of July 3, 2021 $ 26,430 Operating lease liabilities (in thousands) Balance as of January 2, 2021 $ 23,055 Lease liabilities incurred for new lease contracts during the period 7,459 Accretion of lease liabilities 657 Operating cash used by payments on lease liabilities (3,984 ) Adjustments for present value and foreign currency effects 81 Balance as of July 3, 2021 27,268 Less: Current portion of operating lease liabilities (included in Accrued expenses) (4,811 ) Long-term operating lease liabilities, net of current portion $ 22,457 Maturities of operating lease liabilities as of July 3, 2021 Fiscal year (in thousands) 2021 (remaining 2 quarters) $ 2,564 2022 7,133 2023 7,189 2024 5,881 2025 3,664 Thereafter 4,614 Total lease payments 31,045 Less: amount representing interest (3,777 ) Total lease liabilities $ 27,268 Lease obligations for facilities restructured prior to the adoption of Topic 842 $7.7 July 3, 2021

Note 8 - Intangible Assets

Note 8 - Intangible Assets	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	8 On our Consolidated Balance Sheets at July 3, 2021 January 2, 2021, $133.6 first 2021, third We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table: Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (In thousands) 2021 2020 2021 2020 Research and development $ 223 $ 14 $ 421 $ 28 Amortization of acquired intangible assets 603 603 1,206 3,243 $ 826 $ 617 $ 1,627 $ 3,271

Note 9 - Stock-based Compensati

Note 9 - Stock-based Compensation	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	Note 9 tion Total stock-based compensation expense included in our Consolidated Statements of Operations is presented in the following table: Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (In thousands) 2021 2020 2021 2020 Cost of revenue $ 825 $ 897 $ 1,491 $ 1,488 Research and development 3,969 2,234 6,736 4,828 Selling, general, and administrative 7,126 7,881 14,147 13,424 Total stock-based compensation $ 11,920 $ 11,012 $ 22,374 $ 19,740 Market-Based and Performance-Based Stock Compensation In the first six 2021, July 3, 2021, four two four second he first quarter of fiscal 2021 , the market condition for awards granted to certain executives in the first 2019 75 th percentile of the TSR condition, and the second In the first 2021, three 2000 third may 75th 55th zero 25th 25th 75th one fourth 2024, 13 During the first 2020, 2020. first 2020. For our awards with a market condition or a performance condition, we incurred stock compensation expense of approximately $6.7 million in the second 2021 2020, first six 2021 2020, The following table summarizes the activity for our awards with a market condition or performance condition: (Shares in thousands) Total Balance, January 2, 2021 1,021 Granted 607 Effect of vesting multiplier 55 Vested (110 ) Balance, July 3, 2021 1,573

Note 10 - Common Stock Repurcha

Note 10 - Common Stock Repurchase Program	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Treasury Stock [Text Block]	Note 10 On February 19, 2021, "2021 2021 twelve 2021 second quarter of fiscal 2021, million shares were repurchased for $25.1 million, or an average price paid per share of $48.07. July 3, 2021 twelve All repurchases were open market transactions funded from available working capital. All shares repurchased pursuant to the 2021 second quarter of fiscal 2021.

Note 11 - Income Taxes

Note 11 - Income Taxes	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11 We are subject to federal and state income tax as well as income tax in the foreign jurisdictions in which we operate. For the second 2021 2020 $0.6 $0.8 or the first six 2021 2020, three six July 3, 2021 June 27, 2020 three six July 3, 2021 three six June 27, 2020 We updated our evaluation of the valuation allowance position in the United States through July 3, 2021 not not Our liability recorded for uncertain tax positions (including penalties and interest) was $21.9 million and $22.3 July 3, 2021 January 2, 2021

Note 12 - Contingencies

Note 12 - Contingencies	6 Months Ended
	Jul. 03, 2021
Notes to Financial Statements
Contingencies Disclosure [Text Block]	12 Legal Matters On or about December 19, 2018, 2008. January 2019, not From time to time, we are exposed to certain additional asserted and unasserted potential claims. We review the status of each significant matter and assess its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and a range of possible losses can be estimated, we then accrue a liability for the estimated loss. Legal proceedings are subject to uncertainties, and the outcomes are difficult to predict. Because of such uncertainties, accruals are based only on the best information available at the time. As additional information becomes available, we reassess the potential liability related to pending claims and litigation and may

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 03, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation and Use of Estimates The accompanying Consolidated Financial Statements are unaudited and have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). In our opinion, they include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of results for the interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by the SEC's rules and regulations for interim reporting. These Consolidated Financial Statements should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10 January 2, 2021 (" 2020 10 The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, actual results may We describe our accounting methods and practices in more detail in our 2020 10 no 2020 10 Certain prior year balances have been reclassified to conform to the current year’s presentation.
Fiscal Period, Policy [Policy Text Block]	Fiscal Reporting Periods We report based on a 52 53 December 31. 2021 52 January 1, 2022, 2020 53 January 2, 2021. second 2021 second 2020 July 3, 2021 June 27, 2020 six 13 26
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk Potential exposure to concentrations of risk may 88% and 85% second 2021 2020 six July 3, 2021 June 27, 2020, two d for 47% and 36% of net accounts receivable at July 3, 2021 and 47% and 45% January 2, 2021

Note 2 - Net Income Per Share (

Note 2 - Net Income Per Share (Tables)	6 Months Ended
	Jul. 03, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (in thousands, except per share data) 2021 2020 2021 2020 Net income $ 21,838 $ 10,629 $ 40,651 $ 18,796 Shares used in basic Net income per share 136,388 134,857 136,394 134,555 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 5,103 4,345 5,243 4,196 Shares used in diluted Net income per share 141,491 139,202 141,637 138,751 Basic Net income per share $ 0.16 $ 0.08 $ 0.30 $ 0.14 Diluted Net income per share $ 0.15 $ 0.08 $ 0.29 $ 0.14 Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (in thousands) 2021 2020 2021 2020 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 124 579 96 658

Note 3 - Revenue From Contrac_2

Note 3 - Revenue From Contracts With Customers (Tables)	6 Months Ended
	Jul. 03, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Six Months Ended Major Class of Revenue July 3, June 27, July 3, June 27, (In thousands) 2021 2020 2021 2020 Product $ 122,536 97 % $ 95,996 96 % $ 234,128 97 % $ 189,221 96 % Licensing and services 3,369 3 % 4,593 4 % 7,493 3 % 8,684 4 % Total revenue $ 125,905 100 % $ 100,589 100 % $ 241,621 100 % $ 197,905 100 % Revenue by Channel (In thousands) Product revenue - Distributors $ 111,168 88 % $ 85,152 85 % $ 209,947 87 % $ 160,607 81 % Product revenue - Direct 11,368 9 % 10,844 11 % 24,181 10 % 28,614 15 % Licensing and services revenue 3,369 3 % 4,593 4 % 7,493 3 % 8,684 4 % Total revenue $ 125,905 100 % $ 100,589 100 % $ 241,621 100 % $ 197,905 100 % Revenue by Geographical Market (In thousands) United States $ 11,672 9 % $ 9,860 10 % $ 20,782 9 % $ 23,179 12 % Other Americas 6,154 5 % 4,647 4 % 12,887 5 % 7,915 4 % Americas 17,826 14 % 14,507 14 % 33,669 14 % 31,094 16 % China 64,821 52 % 52,465 52 % 131,940 54 % 95,964 48 % Taiwan 6,577 5 % 7,593 8 % 9,391 4 % 17,452 9 % Japan 8,836 7 % 6,435 6 % 16,613 7 % 14,434 7 % Other Asia 16,221 13 % 8,067 8 % 26,901 11 % 15,403 8 % Asia 96,455 77 % 74,560 74 % 184,845 76 % 143,253 72 % Europe 11,624 9 % 11,522 12 % 23,107 10 % 23,558 12 % Total revenue $ 125,905 100 % $ 100,589 100 % $ 241,621 100 % $ 197,905 100 %
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	(In thousands) Contract assets as of January 2, 2021 $ 5,611 Revenues recorded during the period 7,191 Transferred to Accounts receivable or collected (7,568 ) Contract assets as of July 3, 2021 $ 5,234 (In thousands) Contract liabilities as of January 2, 2021 $ 3,068 Accruals for estimated future stock rotation and scrap returns 3,550 Less: Release of accruals for recognized stock rotation and scrap returns (1,831 ) Contract liabilities as of July 3, 2021 $ 4,787

Note 4 - Balance Sheet Compon_2

Note 4 - Balance Sheet Components (Tables)	6 Months Ended
	Jul. 03, 2021
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	July 3, January 2, (In thousands) 2021 2021 Accounts receivable $ 71,273 $ 64,635 Less: Allowance for credit losses (54 ) (54 ) Accounts receivable, net of allowance for credit losses $ 71,219 $ 64,581
Schedule of Inventory, Current [Table Text Block]	July 3, January 2, (In thousands) 2021 2021 Work in progress $ 40,859 $ 34,724 Finished goods 24,725 29,875 Total inventories, net $ 65,584 $ 64,599
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	July 3, January 2, (In thousands) 2021 2021 Liability for non-cancelable contracts $ 6,780 $ 8,492 Current portion of operating lease liabilities 4,811 4,149 Contract liability under ASC 606 4,787 3,068 Other accrued expenses 4,982 5,702 Total accrued expenses $ 21,360 $ 21,411
Property, Plant and Equipment [Table Text Block]	July 3, January 2, (In thousands) 2021 2021 United States $ 27,685 $ 29,440 Taiwan 4,793 5,171 Philippines 2,668 2,912 China 1,764 1,537 Japan 458 476 Other 107 130 Total foreign property and equipment, net 9,790 10,226 Total property and equipment, net $ 37,475 $ 39,666
Schedule of Capitalized Software Costs [Table Text Block]	(In thousands) Cloud based computing implementation costs as of January 2, 2021 $ 2,831 Costs capitalized 235 Amortization (367 ) Cloud based computing implementation costs as of July 3, 2021 $ 2,699

Note 5 - Long-term Debt (Tables

Note 5 - Long-term Debt (Tables)	6 Months Ended
	Jul. 03, 2021
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	July 3, January 2, (In thousands) 2021 2021 Principal amount $ 167,500 $ 171,875 Unamortized original issuance discount and debt costs (994 ) (1,179 ) Less: Current portion of long-term debt (17,154 ) (12,762 ) Long-term debt, net of current portion and unamortized debt issue costs $ 149,352 $ 157,934
Interest Income and Interest Expense Disclosure [Table Text Block]	Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (In thousands) 2021 2020 2021 2020 Contractual interest $ 588 $ 918 $ 1,185 $ 2,004 Amortization of original issuance discount and debt costs 92 105 184 208 Total interest expense related to long-term debt $ 680 $ 1,023 $ 1,369 $ 2,212
Schedule of Maturities of Long-term Debt [Table Text Block]	Fiscal year (in thousands) 2021 (Remaining 2 quarters) $ 8,750 2022 17,500 2023 17,500 2024 123,750 $ 167,500

Note 6 - Restructuring (Tables)

Note 6 - Restructuring (Tables)	6 Months Ended
	Jul. 03, 2021
Notes Tables
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	(In thousands) Severance & Related (1) Lease Termination & Fixed Assets Other (2) Total Accrued Restructuring at January 2, 2021 $ 246 $ 8,233 $ 664 $ 9,143 Restructuring charges 17 363 — 380 Costs paid or otherwise settled (10 ) (896 ) (664 ) (1,570 ) Accrued Restructuring at July 3, 2021 $ 253 $ 7,700 $ - $ 7,953 Accrued Restructuring at December 28, 2019 $ 160 $ 6,585 $ 865 $ 7,610 Restructuring charges 1,277 114 95 1,486 Costs paid or otherwise settled (508 ) (833 ) (201 ) (1,542 ) Accrued Restructuring at June 27, 2020 $ 929 $ 5,866 $ 759 $ 7,554

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	6 Months Ended
	Jul. 03, 2021
Notes Tables
Lessee, Operating Lease Right-of-Use Assets and Liabilities [Table Text Block]	Operating lease right-of-use assets (in thousands) Balance as of January 2, 2021 $ 22,178 Right-of-use assets obtained for new and modified lease contracts during the period 7,459 Amortization of right-of-use assets during the period (3,291 ) Adjustments for present value and foreign currency effects 84 Balance as of July 3, 2021 $ 26,430 Operating lease liabilities (in thousands) Balance as of January 2, 2021 $ 23,055 Lease liabilities incurred for new lease contracts during the period 7,459 Accretion of lease liabilities 657 Operating cash used by payments on lease liabilities (3,984 ) Adjustments for present value and foreign currency effects 81 Balance as of July 3, 2021 27,268 Less: Current portion of operating lease liabilities (included in Accrued expenses) (4,811 ) Long-term operating lease liabilities, net of current portion $ 22,457
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Fiscal year (in thousands) 2021 (remaining 2 quarters) $ 2,564 2022 7,133 2023 7,189 2024 5,881 2025 3,664 Thereafter 4,614 Total lease payments 31,045 Less: amount representing interest (3,777 ) Total lease liabilities $ 27,268

Note 8 - Intangible Assets (Tab

Note 8 - Intangible Assets (Tables)	6 Months Ended
	Jul. 03, 2021
Notes Tables
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (In thousands) 2021 2020 2021 2020 Research and development $ 223 $ 14 $ 421 $ 28 Amortization of acquired intangible assets 603 603 1,206 3,243 $ 826 $ 617 $ 1,627 $ 3,271

Note 9 - Stock-based Compensa_2

Note 9 - Stock-based Compensation (Tables)	6 Months Ended
	Jul. 03, 2021
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended Six Months Ended July 3, June 27, July 3, June 27, (In thousands) 2021 2020 2021 2020 Cost of revenue $ 825 $ 897 $ 1,491 $ 1,488 Research and development 3,969 2,234 6,736 4,828 Selling, general, and administrative 7,126 7,881 14,147 13,424 Total stock-based compensation $ 11,920 $ 11,012 $ 22,374 $ 19,740
Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]	(Shares in thousands) Total Balance, January 2, 2021 1,021 Granted 607 Effect of vesting multiplier 55 Vested (110 ) Balance, July 3, 2021 1,573

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - Sell-through Distributors Concentration Risk [Member]	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020	Jan. 02, 2021
Revenue Benchmark [Member]
Number of Distributors			2		2
Revenue Benchmark [Member] | Distributors [Member]
Concentration Risk, Percentage	88.00%	85.00%	87.00%	81.00%
Accounts Receivable [Member] | Large Distributor One [Member]
Concentration Risk, Percentage			47.00%		47.00%
Accounts Receivable [Member] | Large Distributor Two [Member]
Concentration Risk, Percentage			36.00%		45.00%

Note 2 - Net Income Per Share -

Note 2 - Net Income Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Net income	$ 21,838	$ 10,629	$ 40,651	$ 18,796
Shares used in basic Net income per share (in shares)	136,388	134,857	136,394	134,555
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition (in shares)	5,103	4,345	5,243	4,196
Shares used in diluted Net income per share (in shares)	141,491	139,202	141,637	138,751
Basic (in dollars per share)	$ 0.16	$ 0.08	$ 0.30	$ 0.14
Diluted (in dollars per share)	$ 0.15	$ 0.08	$ 0.29	$ 0.14
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive (in shares)	124	579	96	658

Note 3 - Revenue From Contrac_3

Note 3 - Revenue From Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Revenue	$ 125,905	$ 100,589	$ 241,621	$ 197,905
Percentage of revenue	100.00%	100.00%	100.00%	100.00%
UNITED STATES
Revenue	$ 11,672	$ 9,860	$ 20,782	$ 23,179
Percentage of revenue	9.00%	10.00%	9.00%	12.00%
Other Americas [Member]
Revenue	$ 6,154	$ 4,647	$ 12,887	$ 7,915
Percentage of revenue	5.00%	4.00%	5.00%	4.00%
Americas [Member]
Revenue	$ 17,826	$ 14,507	$ 33,669	$ 31,094
Percentage of revenue	14.00%	14.00%	14.00%	16.00%
CHINA
Revenue	$ 64,821	$ 52,465	$ 131,940	$ 95,964
Percentage of revenue	52.00%	52.00%	54.00%	48.00%
TAIWAN, PROVINCE OF CHINA
Revenue	$ 6,577	$ 7,593	$ 9,391	$ 17,452
Percentage of revenue	5.00%	8.00%	4.00%	9.00%
JAPAN
Revenue	$ 8,836	$ 6,435	$ 16,613	$ 14,434
Percentage of revenue	7.00%	6.00%	7.00%	7.00%
Other Asia [Member]
Revenue	$ 16,221	$ 8,067	$ 26,901	$ 15,403
Percentage of revenue	13.00%	8.00%	11.00%	8.00%
Asia [Member]
Revenue	$ 96,455	$ 74,560	$ 184,845	$ 143,253
Percentage of revenue	77.00%	74.00%	76.00%	72.00%
Europe [Member]
Revenue	$ 11,624	$ 11,522	$ 23,107	$ 23,558
Percentage of revenue	9.00%	12.00%	10.00%	12.00%
Product [Member]
Revenue	$ 122,536	$ 95,996	$ 234,128	$ 189,221
Percentage of revenue	97.00%	96.00%	97.00%	96.00%
Product [Member] | Sales Channel, Through Intermediary [Member]
Revenue	$ 111,168	$ 85,152	$ 209,947	$ 160,607
Percentage of revenue	88.00%	85.00%	87.00%	81.00%
Product [Member] | Sales Channel, Directly to Consumer [Member]
Revenue	$ 11,368	$ 10,844	$ 24,181	$ 28,614
Percentage of revenue	9.00%	11.00%	10.00%	15.00%
License and Service [Member]
Revenue	$ 3,369	$ 4,593	$ 7,493	$ 8,684
Percentage of revenue	3.00%	4.00%	3.00%	4.00%

Note 3 - Revenue From Contrac_4

Note 3 - Revenue From Contracts With Customers - Contract Balance (Details) $ in Thousands	6 Months Ended
	Jul. 03, 2021USD ($)
Contract assets, balance	$ 5,611
Revenues recorded during the period	7,191
Transferred to Accounts receivable or collected	(7,568)
Contract assets, balance	5,234
Contract liabilities, balance	3,068
Accruals for estimated future stock rotation and scrap returns	3,550
Less: Release of accruals for recognized stock rotation and scrap returns	(1,831)
Contract liabilities, balance	$ 4,787

Note 4 - Balance Sheet Compon_3

Note 4 - Balance Sheet Components - Accounts Receivable (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Accounts receivable	$ 71,273	$ 64,635
Less: Allowance for credit losses	(54)	(54)
Accounts receivable, net of allowance for credit losses	$ 71,219	$ 64,581

Note 4 - Balance Sheet Compon_4

Note 4 - Balance Sheet Components - Inventories (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Work in progress	$ 40,859	$ 34,724
Finished goods	24,725	29,875
Total inventories, net	$ 65,584	$ 64,599

Note 4 - Balance Sheet Compon_5

Note 4 - Balance Sheet Components - Accrued Expenses (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Liability for non-cancelable contracts	$ 6,780	$ 8,492
Contract liability under ASC 606	4,787	3,068
Other accrued expenses	4,982	5,702
Total accrued expenses	21,360	21,411
Accrued Liabilities [Member]
Current portion of operating lease liabilities	$ 4,811	$ 4,149

Note 4 - Balance Sheet Compon_6

Note 4 - Balance Sheet Components - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Property, Plant and Equipment, Net	$ 37,475	$ 39,666
UNITED STATES
Property, Plant and Equipment, Net	27,685	29,440
TAIWAN, PROVINCE OF CHINA
Property, Plant and Equipment, Net	4,793	5,171
PHILIPPINES
Property, Plant and Equipment, Net	2,668	2,912
CHINA
Property, Plant and Equipment, Net	1,764	1,537
JAPAN
Property, Plant and Equipment, Net	458	476
Other [Member]
Property, Plant and Equipment, Net	107	130
Foreign Countries [Member]
Property, Plant and Equipment, Net	$ 9,790	$ 10,226

Note 4 - Balance Sheet Compon_7

Note 4 - Balance Sheet Components - Capitalized Software Costs (Details) $ in Thousands	6 Months Ended
	Jul. 03, 2021USD ($)
Cloud based computing implementation costs as of January 2, 2021	$ 2,831
Costs capitalized	235
Amortization	(367)
Cloud based computing implementation costs as of July 3, 2021	$ 2,699

Note 5 - Long-term Debt (Detail

Note 5 - Long-term Debt (Details Textual) - USD ($) $ in Thousands	May 17, 2019	Jul. 03, 2021	Jul. 03, 2021	Jun. 27, 2020
Repayments of Long-term Debt, Total			$ 4,375	$ 26,250
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member]
Debt Instrument, Term (Year)	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 75,000
Debt Instrument, Interest Rate, Effective Percentage		1.35%	1.35%
Line of Credit Facility, Commitment Fee Percentage			0.20%
Credit Agreement, May 17, 2019 [Member] | Secured Term Loan [Member]
Debt Instrument, Face Amount	$ 175,000
Repayments of Long-term Debt, Total		$ 4,400
Debt Instrument, Interest Rate, Effective Percentage		1.57%	1.57%

Note 5 - Long-term Debt - Fair

Note 5 - Long-term Debt - Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Principal amount	$ 167,500	$ 171,875
Unamortized original issuance discount and debt costs	(994)	(1,179)
Less: Current portion of long-term debt	(17,154)	(12,762)
Long-term debt, net of current portion and unamortized debt issue costs	$ 149,352	$ 157,934

Note 5 - Long-term Debt - Inter

Note 5 - Long-term Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Contractual interest	$ 588	$ 918	$ 1,185	$ 2,004
Amortization of original issuance discount and debt costs	92	105	184	208
Total interest expense related to long-term debt	$ 680	$ 1,023	$ 1,369	$ 2,212

Note 5 - Long-term Debt - Expec

Note 5 - Long-term Debt - Expected Future Principal Payments (Details) $ in Thousands	Jul. 03, 2021USD ($)
2021 (Remaining 2 quarters)	$ 8,750
2022	17,500
2023	17,500
2024	123,750
Long-term Debt, Total	$ 167,500

Note 6 - Restructuring (Details

Note 6 - Restructuring (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Restructuring Charges, Total	$ 204	$ 546	$ 380	$ 1,486
Q1 2020 Plan [Member]
Restructuring Charges, Total		300		1,400
Restructuring and Related Cost, Cost Incurred to Date	2,000		2,000
Q1 2020 Plan [Member] | Maximum [Member]
Restructuring Charges, Total	100		100
Q2 2019 Sales Plan [Member]
Restructuring Charges, Total	0	200	0
Restructuring and Related Cost, Cost Incurred to Date	2,100		2,100
Q2 2019 Sales Plan [Member] | Maximum [Member]
Restructuring Charges, Total				100
June 2017 Plan [Member]
Restructuring Charges, Total	200	$ 100	400	$ 100
Restructuring and Related Cost, Cost Incurred to Date	21,300		21,300
June 2017 Plan [Member] | Maximum [Member]
Restructuring and Related Cost, Expected Cost, Total	23,500		23,500
June 2017 Plan [Member] | Minimum [Member]
Restructuring and Related Cost, Expected Cost, Total	$ 21,500		$ 21,500

Note 6 - Restructuring - Activi

Note 6 - Restructuring - Activity Related to Restructuring Plans (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Restructuring charges		$ 204	$ 546	$ 380	$ 1,486
Employee Severance [Member]
Accrued Restructuring	[1]			246	160
Restructuring charges	[1]			17	1,277
Costs paid or otherwise settled	[1]			(10)	(508)
Accrued Restructuring	[1]	253	929	253	929
Lease Termination and Fixed Assets [Member]
Accrued Restructuring				8,233	6,585
Restructuring charges				363	114
Costs paid or otherwise settled				(896)	(833)
Accrued Restructuring		7,700	5,866	7,700	5,866
Software Contracts and Engineering Tools [Member]
Accrued Restructuring	[2]			664	865
Restructuring charges	[2]			0	95
Costs paid or otherwise settled	[2]			(664)	(201)
Accrued Restructuring	[2]	0	759	0	759
Other Restructuring [Member]
Accrued Restructuring				9,143	7,610
Restructuring charges				380	1,486
Costs paid or otherwise settled				(1,570)	(1,542)
Accrued Restructuring		$ 7,953	$ 7,554	$ 7,953	$ 7,554
[1]	Includes employee relocation and outplacement costs.
[2]	Includes termination fees on the cancellation of certain contracts under the Q2 2019 Sales Plan

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020	Jan. 02, 2021
Operating Lease, Right-of-Use Asset	$ 26,430		$ 26,430		$ 22,178
Operating Lease, Weighted Average Remaining Lease Term (Year)	4 years 7 months 6 days		4 years 7 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	5.30%		5.30%
Operating Lease, Cost	$ 2,000	$ 1,900	$ 3,900	$ 3,800
Operating Lease Liability for Previously Restructured Facilities	7,700		7,700
Operating Lease, Liability, Total	27,268		27,268		$ 23,055
Hillsboro, Oregon and Shanghai, China Facility Leases [Member]
Operating Lease, Right-of-Use Asset	7,200		7,200
Operating Lease, Liability, Total	$ 7,200		$ 7,200

Note 7 - Leases - Lease Balance

Note 7 - Leases - Lease Balance Classifications Within the Consolidated Balance Sheets and Lease Activity (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jan. 02, 2021
Balance	$ 22,178
Right-of-use assets obtained for new and modified lease contracts during the period	7,459
Amortization of right-of-use assets during the period	(3,291)	$ (2,976)
Adjustments for present value and foreign currency effects	84
Balance	26,430
Balance	23,055
Lease liabilities incurred for new lease contracts during the period	7,459
Accretion of lease liabilities	657
Operating cash used by payments on lease liabilities	(3,984)	$ (3,812)
Adjustments for present value and foreign currency effects	81
Balance	27,268
Long-term operating lease liabilities, net of current portion	22,457		$ 18,906
Accounts Payable and Accrued Liabilities [Member]
Less: Current portion of operating lease liabilities (included in Accrued expenses)	$ (4,811)

Note 7 - Leases - Maturities of

Note 7 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
2021 (remaining 2 quarters)	$ 2,564
2022	7,133
2023	7,189
2024	5,881
2025	3,664
Thereafter	4,614
Total lease payments	31,045
Less: amount representing interest	(3,777)
Operating Lease, Liability, Total	$ 27,268	$ 23,055

Note 8 - Intangible Assets (Det

Note 8 - Intangible Assets (Details Textual) - USD ($) $ in Millions	Jul. 03, 2021	Apr. 03, 2021	Jan. 02, 2021
Finite-Lived Intangible Assets, Accumulated Amortization	$ 133.6		$ 132
Licensing Agreements [Member]
Finite-Lived Intangible Assets, Net, Ending Balance		$ 1.8

Note 8 - Intangible Assets - Am

Note 8 - Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Amortization of intangible assets	$ 826	$ 617	$ 1,627	$ 3,271
Research and Development Expense [Member]
Amortization of intangible assets	223	14	421	28
Amortization of Acquired Intangible Assets [Member]
Amortization of intangible assets	$ 603	$ 603	$ 1,206	$ 3,243

Note 9 - Stock-based Compensa_3

Note 9 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 03, 2021	Apr. 03, 2021	Jun. 27, 2020	Mar. 28, 2020	Jul. 03, 2021	Jun. 27, 2020
Share-based Payment Arrangement, Expense	$ 11,920		$ 11,012		$ 22,374	$ 19,740
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Expense				$ 1,800
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		3 years
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions		200.00%
Awards with Market Condition or Performance Condition [Member]
Share-based Payment Arrangement, Expense	$ 6,700		$ 6,700		$ 11,300	$ 10,900
Share-based Payment Arrangement, Tranche Two [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage					33.30%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions					200.00%
Share-based Payment Arrangement, Tranche Two [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved		55.00%
TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions		250.00%
TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions		200.00%
Share-based Payment Arrangement, Tranche One [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved		75.00%
TSR Relative To PHLX Semiconductor Sector Index, 55th Percentile [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions		100.00%
Share-based Payment Arrangement, Tranche Three [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved		25.00%
Share-based Payment Arrangement, Tranche Three [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved		25.00%
Share-based Payment Arrangement, Tranche Three [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved		75.00%

Note 9 - Stock-based Compensa_4

Note 9 - Stock-based Compensation - Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Total stock-based compensation	$ 11,920	$ 11,012	$ 22,374	$ 19,740
Cost of Sales [Member]
Total stock-based compensation	825	897	1,491	1,488
Research and Development Expense [Member]
Total stock-based compensation	3,969	2,234	6,736	4,828
Selling, General and Administrative Expenses [Member]
Total stock-based compensation	$ 7,126	$ 7,881	$ 14,147	$ 13,424

Note 9 - Stock-based Compensa_5

Note 9 - Stock-based Compensation - Share Based Compensation Performance Shares Award Outstanding (Details) - Performance Shares [Member] shares in Thousands	6 Months Ended
	Jul. 03, 2021shares
Balance, Shares (in shares)	1,021
Granted, Shares (in shares)	607
Effect of vesting multiplier, Shares (in shares)	55
Vested, Shares (in shares)	(110)
Balance, Shares (in shares)	1,573

Note 10 - Common Stock Repurc_2

Note 10 - Common Stock Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	3 Months Ended	6 Months Ended
	Jul. 03, 2021	Jul. 03, 2021	Feb. 19, 2021
Treasury Stock, Value, Acquired, Cost Method	$ 25,111	$ 40,113
2021 Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount			$ 60,000
Treasury Stock, Shares, Acquired (in shares)	0.5
Treasury Stock, Value, Acquired, Cost Method	$ 25,100
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)	$ 48.07
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 19,900	$ 19,900

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020	Jan. 02, 2021
Income Tax Expense (Benefit), Total	$ 641	$ 845	$ 1,597	$ 1,289
Other Noncurrent Liabilities [Member]
Liability for Uncertainty in Income Taxes, Noncurrent	21,900		$ 21,900		$ 22,300
Domestic Tax Authority [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Foreign Tax Authority [Member]
Deferred Tax Assets, Valuation Allowance, Total	$ 0		$ 0

Note 12 - Contingencies (Detail

Note 12 - Contingencies (Details Textual) $ in Millions	6 Months Ended
	Jul. 03, 2021USD ($)
Loss Contingency, Damages Sought, Value	$ 138