Sunpower (SPWRQ) 10-Q/A 18 Dec 23 2023 Q1 Quarterly report (amended) Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Apr. 02, 2023	Apr. 28, 2023
Entity Addresses [Line Items]
Document Type	10-Q/A
Document Quarterly Report	true
Document Period End Date	Apr. 02, 2023
Document Transition Report	false
Entity File Number	001-34166
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3008969
Entity Address, Address Line One	880 Harbour Way South
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Richmond
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94804
City Area Code	408
Local Phone Number	240-5500
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	SPWR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		174,962,512
Amendment Flag	true
Entity Registrant Name	SUNPOWER CORP
Entity Central Index Key	0000867773
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Description	In particular, the unaudited condensed consolidated financial statements as of and for the first quarter of fiscal year 2023 and 2022 have been restated to reflect the corrections related to the value of consignment inventory of microinverter (“MI”) components at certain third-party locations as further described below, along with other immaterial items as of and for the first quarter of fiscal year 2023 and 2022.
Former Address
Entity Addresses [Line Items]
Entity Address, Address Line One	1414 Harbour Way South
Entity Address, Address Line Two	Suite 1901
Entity Address, City or Town	Richmond
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94804

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Apr. 02, 2023	Jan. 01, 2023	Apr. 03, 2022	Jan. 02, 2022
Current assets:
Cash and cash equivalents		$ 116,478	$ 377,026	$ 142,250
Restricted cash and cash equivalents, current portion		10,471	10,668	1,428
Short-term investments		0	132,480
Accounts receivable, net	[1]	197,498	169,674
Contract assets		58,610	57,070
Inventories		360,452	295,731
Advances to suppliers, current portion		15,258	12,059
Prepaid expenses and other current assets	[1]	213,820	197,811
Total current assets		972,587	1,252,519
Restricted cash and cash equivalents, net of current portion		18,910	18,812	16,259
Property, plant and equipment, net		84,077	76,473
Operating lease right-of-use assets		36,302	36,926
Solar power systems leased, net		40,768	41,779
Goodwill		125,998	125,998
Other intangible assets, net		22,435	24,192
Other long-term assets	[1]	176,940	186,927
Total assets		1,478,017	1,763,626
Current liabilities:
Accounts payable	[1]	223,694	243,139
Accrued liabilities	[1]	167,435	148,119
Operating lease liabilities, current portion		11,589	11,356
Contract liabilities, current portion	[1]	162,343	141,863
Short-term debt		125,344	82,240
Convertible debt, current portion	[1]	0	424,919
Total current liabilities		690,405	1,051,636
Long-term		155,969	308
Operating lease liabilities, net of current portion		28,362	29,347
Contract liabilities, net of current portion		11,339	11,588
Other long-term liabilities	[1]	112,214	114,702
Long-term liabilities of discontinued operations		0	0
Total liabilities		998,289	1,207,581
Commitments and contingencies (Note 8)
Equity:
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding as of April 2, 2023 and January 1, 2023		0	0
Common stock, $0.001 par value, 367,500 shares authorized; 189,246 shares issued and 174,901 shares outstanding as of April 2, 2023; 188,287 shares issued and 174,269 shares outstanding as of January 1, 2023		175	174
Additional paid-in capital		2,839,233	2,855,930
Accumulated deficit		(2,140,420)	(2,085,784)
Accumulated other comprehensive income		11,573	11,568
Treasury stock, at cost: 14,345 shares of common stock as of April 2, 2023; 14,018 shares of common stock as of January 1, 2023		(231,717)	(226,646)
Total stockholders' equity		478,844	555,242
Noncontrolling interests in subsidiaries		884	803
Total equity		479,728	556,045	$ 348,213	$ 383,603
Total liabilities and equity		$ 1,478,017	$ 1,763,626
[1]We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar Technologies, Ltd. (“Maxeon Solar”), and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “accounts receivable, net,” “prepaid expenses and other current assets,” “other long-term assets,” “accounts payable,” “accrued liabilities,” “convertible debt, current portion,” “contract liabilities, current portion,” and “other long-term liabilities” financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 8, Note 9, and Note 11)

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Apr. 02, 2023	Jan. 01, 2023
Statement of Financial Position [Abstract]
Preferred stock par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock shares authorized (in shares)	10,000	10,000
Preferred stock shares issued (in shares)	0	0
Preferred stock shares outstanding (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock shares authorized (in shares)	367,500	367,500
Common stock shares issued (in shares)	189,246	188,287
Common stock shares outstanding (in shares)	174,901	174,269
Common stock shares held as treasury stock (in shares)	14,345	14,018

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 02, 2023	Apr. 03, 2022
Income Statement [Abstract]
Total revenues	[1]	$ 434,267	$ 350,118
Total cost of revenues1		353,229	268,273
Gross profit		81,038	81,845
Operating expenses:
Research and development	[1]	7,247	5,171
Sales, general, and administrative	[1]	104,318	87,867
Restructuring charges (credits)		0	627
(Income) expense from transition services agreement, net	[1]	(224)	266
Total operating expenses		111,341	93,931
Operating (loss) income		(30,303)	(12,086)
Other (expense) income, net:
Interest income		831	42
Interest expense	[1]	(5,678)	(5,051)
Other, net		(10,983)	1,444
Other (expense) income, net		(15,830)	(3,565)
(Loss) income from continuing operations before income taxes and equity in earnings (losses) of unconsolidated investees		(46,133)	(15,651)
(Provision for) benefits from income taxes		(1,328)	8,129
Equity in earnings (losses) of unconsolidated investees		188	0
Net (loss) income from continuing operations		(47,273)	(7,522)
(Loss) income from discontinued operations before income taxes and equity in (losses) earnings of unconsolidated investees	[1]	(7,360)	(26,298)
Benefits from (provision for) income taxes from discontinued operations		78	333
Net (loss) income from discontinued operations		(7,282)	(25,965)
Net (loss) income		(54,555)	(33,487)
Net (income) loss from continuing operations attributable to noncontrolling interests		(81)	339
Net loss (income) from discontinued operations attributable to noncontrolling interests		0	250
Net (income) loss attributable to noncontrolling interests		(81)	589
Net (loss) income from continuing operations attributable to stockholders		(47,354)	(7,183)
Net (loss) income from discontinued operations attributable to stockholders		(7,282)	(25,715)
Net (loss) income attributable to stockholders		$ (54,636)	$ (32,898)
Net (loss) income per share attributable to stockholders - basic and diluted:
Continuing operations - basic (in dollars per share)		$ (0.27)	$ (0.04)
Continuing operations - diluted (in dollars per share)		(0.27)	(0.04)
Discontinued operations - basic (in dollars per share)		(0.04)	(0.15)
Discontinued operations - diluted (in dollars per share)		(0.04)	(0.15)
Net income (loss) per share – basic (in dollars per share)		(0.31)	(0.19)
Net income (loss) per share – diluted (in dollars per share)		$ (0.31)	$ (0.19)
Weighted-average shares:
Basic (in shares)		174,528	173,376
Diluted (in shares)		174,528	173,376
[1] We have related-party transactions with TotalEnergies SE and its affiliates, Maxeon Solar, and unconsolidated entities in which we have a direct equity investment. These related-party transactions are recorded within the “total revenues,” “total cost of revenues,” “operating expenses: research and development,” “operating expenses: sales, general, and administrative,” “operating expenses: (income) expense from transition services agreement, net,” “other income (expense), net: interest expense,” and “(loss) income from discontinued operations before income taxes” financial statement line items in our condensed consolidated statements of operations (see Note 3, Note 9, and Note 11).

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (54,555)	$ (33,487)
Components of other comprehensive income (loss):
Translation adjustment	5	2
Total other comprehensive income (loss)	5	2
Total comprehensive (loss) income	(54,550)	(33,485)
Comprehensive (income) loss attributable to noncontrolling interests	(81)	589
Comprehensive (loss) income attributable to stockholders	$ (54,631)	$ (32,896)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	As Previously Reported	Restatement Impacts	Total Stockholders’ Equity	Total Stockholders’ Equity As Previously Reported	Total Stockholders’ Equity Restatement Impacts	Common Stock	Common Stock As Previously Reported	Additional Paid-in Capital	Additional Paid-in Capital As Previously Reported	Treasury Stock	Treasury Stock As Previously Reported	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) As Previously Reported	Accumulated Deficit	Accumulated Deficit As Previously Reported	Accumulated Deficit Restatement Impacts	Noncontrolling Interests in Subsidiaries	Noncontrolling Interests in Subsidiaries As Previously Reported
Stockholders' equity, beginning of period (in shares) at Jan. 02, 2022							173,051
Stockholders' equity, beginning of period at Jan. 02, 2022	$ 383,603	$ 390,024	$ (6,421)	$ 381,968	$ 388,389	$ (6,421)	$ 173	$ 173	$ 2,714,500	$ 2,714,500	$ (215,240)	$ (215,240)	$ 11,168	$ 11,168	$ (2,128,633)	$ (2,122,212)	$ (6,421)	$ 1,635	$ 1,635
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(33,487)			(32,898)											(32,898)			(589)
Other comprehensive income	2			2									2
Issuance of restricted stock to employees, net of cancellations (in shares)							1,201
Issuance of restricted stock to employees, net of cancellations	1			1			$ 1
Stock-based compensation expense	5,427			5,427					5,427
Purchases of treasury stock (in shares)							(407)
Purchases of treasury stock	(7,333)			(7,333)							(7,333)
Stockholders' equity, end of period (in shares) at Apr. 03, 2022							173,845
Stockholders' equity, end of period at Apr. 03, 2022	$ 348,213			347,167			$ 174		2,719,927		(222,573)		11,170		(2,161,531)			1,046
Stockholders' equity, beginning of period (in shares) at Jan. 01, 2023	174,269						174,269
Stockholders' equity, beginning of period at Jan. 01, 2023	$ 556,045	575,654	(19,609)	555,242	$ 574,851	$ (19,609)	$ 174	$ 174	2,855,930	$ 2,855,930	(226,646)	$ (226,646)	11,568	$ 11,568	(2,085,784)	$ (2,066,175)	$ (19,609)	803	$ 803
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(54,555)			(54,636)											(54,636)			81
Other comprehensive income	5			5									5
Issuance of restricted stock to employees, net of cancellations (in shares)							959
Issuance of restricted stock to employees, net of cancellations	1			1			$ 1
Stock-based compensation expense	6,877			6,877					6,877
Purchases of treasury stock (in shares)							(327)
Purchases of treasury stock	(5,071)			(5,071)							(5,071)
Net working capital settlement related to the sale of our C&I Solutions business, net of taxes of $0.3 million	$ (23,574)			(23,574)					(23,574)
Stockholders' equity, end of period (in shares) at Apr. 02, 2023	174,901						174,901
Stockholders' equity, end of period at Apr. 02, 2023	$ 479,728	$ 503,289	$ (23,561)	$ 478,844			$ 175		$ 2,839,233		$ (231,717)		$ 11,573		$ (2,140,420)			$ 884

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Cash flows from operating activities:
Net (loss) income	$ (54,555)	$ (33,487)
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	10,269	4,313
Amortization of cloud computing arrangements	1,740	517
Stock-based compensation	6,877	5,427
Amortization of debt issuance costs	617	726
Equity in (earnings) losses of unconsolidated investees	(188)	0
Loss (gain) on equity investments	10,805	(1,315)
Unrealized loss (gain) on derivatives	3,334	0
Dividend from equity method investees	371	0
Deferred income taxes	(815)	(14,167)
Other, net:	91	845
Changes in operating assets and liabilities:
Accounts receivable	(27,915)	(12,530)
Contract assets	(1,540)	(6,939)
Inventories	(64,721)	(32,544)
Project assets	0	2,892
Prepaid expenses and other assets	(12,933)	(81,266)
Operating lease right-of-use assets	2,710	2,642
Advances to suppliers	(3,198)	(2,222)
Accounts payable and other accrued liabilities	(27,340)	40,211
Contract liabilities	20,230	22,064
Operating lease liabilities	(2,838)	(3,244)
Net cash (used in) provided by operating activities	(138,999)	(108,077)
Cash flows from investing activities:
Purchases of property, plant, and equipment	(11,943)	(9,213)
Investment in software development costs	(891)	(1,521)
Cash paid for equity investments under the Dealer Accelerator Program and other	0	(7,000)
Proceeds from sale of equity investment	121,675	149,830
Cash paid for investments in unconsolidated investees	(1,454)	(154)
Dividend from equity method investee, in excess of cumulative earnings	149	0
Net cash provided by (used in) investing activities	107,536	131,942
Cash flows from financing activities:
Proceeds from bank loans and other debt	245,764	21,458
Repayment of bank loans and other debt	(44,112)	(23,866)
Repayment of convertible debt	(424,991)	0
Payments for financing leases	(775)	(11)
Purchases of stock for tax withholding obligations on vested restricted stock	(5,070)	(7,332)
Net cash (used in) provided by financing activities	(229,184)	(9,751)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(260,647)	14,114
Cash, cash equivalents, and restricted cash, beginning of period	406,506	152,599
Cash, cash equivalents, and restricted cash, end of period	145,859	166,713
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets, including discontinued operations:
Cash and cash equivalents	116,478	142,250
Restricted cash and cash equivalents, current portion	10,471	1,428
Restricted cash and cash equivalents, net of current portion	18,910	16,259
Cash, cash equivalents, and restricted cash from discontinued operations	0	6,776
Total cash, cash equivalents, and restricted cash	145,859	166,713
Supplemental disclosure of non-cash activities:
Property, plant and equipment acquisitions funded by liabilities (including financing leases)	3,505	1,833
Right-of-use assets obtained in exchange for lease obligations	2,086	392
Net working capital settlement related to C&I Solutions sale	23,880	0
Supplemental cash flow disclosures:
Cash paid for interest	11,969	9,874
Cash paid for income taxes	$ 184	$ 250

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity - Parenthetical $ in Thousands	3 Months Ended
	Apr. 02, 2023 USD ($)
Income tax expense from discontinued operations	$ (78)
C&I Solutions
Income tax expense from discontinued operations	$ 300

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Apr. 02, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization SunPower Corporation (together with its subsidiaries, “SunPower,” the “Company,” “we,” “us,” or “our”) is a leading solar technology and energy services provider that offers fully integrated solar, storage, and home energy solutions to customers in North America. Through a multi-channel strategy of distributed dealer network, SunPower direct sales channel, and new home builder partnerships, we provide customers control over electricity consumption, resiliency during power outages, and cost savings, while also reducing carbon emissions and contributing to a more sustainable grid. SunPower was a majority-owned subsidiary of TotalEnergies Solar INTL SAS (“Total,” formerly Total Solar International SAS) and TotalEnergies Gaz & Electricité Holdings France SAS (“Total Gaz,” formerly Total Gaz Electricité Holdings France SAS), each a subsidiary of TotalEnergies SE (“TotalEnergies SE,” formerly Total SE). On September 12, 2022, Total and Total Gaz sold to GIP III Sol Acquisition, LLC (“GIP Sol”) 50% less one unit of the equity interests in a newly formed Delaware limited liability company, Sol Holding, LLC (“HoldCo”), which is now the record holder of all of the shares of SunPower common stock (see Note 3. Transactions with Total and TotalEnergies SE ). Liquidity and Going Concern The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which assumes the Company will be able to continue as a going concern and contemplates the realization of assets and satisfaction of liabilities in the normal course of business. Subsequent to the filing of our Original Form 10-Q, as of October 1, 2023, we breached a financial covenant and a reporting covenant of our Credit Agreement, dated as of September 12, 2022 (as amended, the “Credit Agreement”) (see Note 10. Debt and Credit Sources ). The breaches created events of default thereunder (the “Existing Defaults”), which enables the requisite lenders under the Credit Agreement to demand immediate payment of $246.3 million borrowings outstanding as of October 1, 2023, or exercise other remedies. As a result of the events of default, we no longer had the ability to borrow from the remaining capacity of $53.7 million of revolving commitments. On December 8, 2023 (the “Amendment Effective Date”), the Company obtained a waiver and amendment to the Credit Agreement (the “Amendment and Waiver”) as amended by the First Amendment to Credit Agreement, dated as of January 26, 2023 (together and as amended, the “Amended Credit Agreement”) by and among the Company, certain of its subsidiaries as guarantors, Bank of America, N.A. (“Bank of America”), BMO Bank, N.A., Citibank, N.A. and JPMorgan Chase Bank, N.A. as the lenders and L/C issuers party thereto (together, the “Existing Lenders”), and Bank of America, as administrative agent which provides for, among other things, a temporary waiver until January 19, 2024 of the breaches, and modification to the remaining available commitments through (i) the Existing Lenders to provide access to $25 million of existing revolving commitments and (ii) commitments by HoldCo, as a new lender, to provide an additional $25 million of capacity. Subsequent to the amendment, we borrowed the entire $50 million against the remaining capacity on the revolving credit facility. Although we entered into the Amendment and Waiver to temporarily address the Existing Defaults, we are also projecting to be noncompliant with certain debt covenants, which would cause further defaults under our existing debt arrangements. Following the expiration of the Amendment and Waiver, absent additional waivers, the events of default enable the requisite lenders under the Credit Agreement to demand immediate payment or exercise other remedies, such as subject all or a portion of obligations to a default rate of interest. Further, the Company also breached a financial covenant set forth in the Loan and Security Agreement, dated June 30, 2022, entered into by a wholly owned indirect subsidiary of the Company, the lenders party thereto from time to time, Atlas Securitized Products Holdings, L.P., as administrative agent and Computershare Trust Company, National Association, as paying agent (as amended, the “Loan Facility with Credit Suisse AG,” the “Credit Suisse Warehouse Loan,” or the “Atlas Credit Agreement”) (see “Note 10. Debt and Credit Sources ”), due to delay in delivery of the quarterly financials for the third quarter of 2023 (the “Quarterly Financials Default”), which results in an event of default, thereby enabling the requisite lenders to demand immediate payment of $65.3 million borrowings outstanding as of October 1, 2023, or exercise other remedies. The Company is in discussion with the lenders under the Atlas Credit Agreement regarding a waiver of any breaches. There can be no assurance that such waiver will be obtained. Absent a waiver, the event of default enables the requisite lenders under the Atlas Credit Agreement to demand immediate payment or exercise other remedies, such as subject all or a portion of obligations to a default rate of interest. If the lenders under the Credit Agreement and the Atlas Credit Agreement were to demand immediate repayment, the Company would not have sufficient liquidity to meet its obligations and pay its liabilities arising from normal business operations when they come due. As such, substantial doubt exists about the Company's ability to continue as a going concern. To address our liquidity needs, management is currently seeking additional waivers and evaluating various funding alternatives and may seek to raise additional funds through the issuance of equity, mezzanine or debt securities, through arrangements with strategic partners, which may include related parties, the capital markets, or through obtaining credit from financial institutions. As we seek additional sources of financing, there can be no assurance that such financing would be available to us on favorable terms or at all. Our ability to obtain additional financing in the debt and equity capital markets is subject to several factors, including market and economic conditions, our performance and investor sentiment with respect to us and our industry. The outcome of these matters cannot be predicted with any certainty at this time. Basis of Presentation and Preparation Principles of Consolidation The accompanying condensed consolidated financial statements have been prepared by us in accordance with generally accepted accounting principles in the United States (“United States” or “U.S.,” and such accounting principles, “U.S. GAAP”) for interim financial information, and include the accounts of SunPower, all of our subsidiaries and special purpose entities, as appropriate under U.S. GAAP. All intercompany transactions and balances have been eliminated in consolidation. The financial information included herein is unaudited, and reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair statement of the results for the periods presented. The January 1, 2023 consolidated balance sheet data was derived from SunPower’s audited consolidated financial statements included in our Annual Report on Form 10-K/A for the fiscal year ended January 1, 2023, as filed with the Securities and Exchange Commission (“SEC”) on December 18, 2023, but does not include all disclosures required by U.S. GAAP. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in SunPower's Annual Report on Form 10-K/A for the fiscal year ended January 1, 2023. The operating results for the three months ended April 2, 2023 are not necessarily indicative of the results that may be expected for fiscal year 2023, or for any other future period. We have a 52-to-53-week fiscal year that ends on the Sunday closest to December 31. Accordingly, every fifth or sixth year will be a 53-week fiscal year. Both the current fiscal year, fiscal 2023, and prior fiscal year, fiscal 2022, are 52-week fiscal years. The first quarter of fiscal 2023 ended on April 2, 2023, while the first quarter of fiscal 2022 ended on April 3, 2022. Management Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities reported in these condensed consolidated financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. Our actual financial results could materially differ from those estimates. Significant estimates in these condensed consolidated financial statements include revenue recognition, specifically nature and timing of satisfaction of performance obligations, standalone selling price of performance obligations, and variable consideration; credit losses, including estimating macroeconomic factors affecting historical recovery rate of receivables; inventory write-downs; long-lived assets and goodwill impairment, specifically estimates for valuation assumptions including discount rates and future cash flows; fair value of investments, including equity investments for which we apply the fair value option and other financial instruments; actuarial estimates related to our self-insured health benefits; valuation of goodwill and intangible assets acquired in a business combination; valuation of contingent consideration in a business combination; valuation of contingencies such as warranty and litigation; the incremental borrowing rate used in discounting of lease liabilities; the fair value of indemnities provided to customers and other parties; and income taxes and tax valuation allowances. Restatement of Previously Issued Condensed Consolidated Financial Statements As described in Note 2. Restatement of Previously Issued Condensed Consolidated Financial Statements , our condensed consolidated financial statements as of April 2, 2023 and January 1, 2023, and for the three months ended April 2, 2023 and April 3, 2022 (collectively, the “Affected Periods”), are restated in this Quarterly Report on Form 10-Q/A (this “Amendment No. 1”, this “Quarterly Report,” or this “Form 10-Q/A”) to reflect the corrections related to the value of consignment inventory of microinverter ("MI") components at certain warehouse and third-party locations and corrections related to reclassification of certain expenses in our statements of operations, along with other immaterial corrections. The restated condensed consolidated financial statements are indicated as “Restated” in the unaudited condensed consolidated financial statements and accompanying notes, as applicable. See Note 2. Restatement of Previously Issued Condensed Consolidated Financial Statements for further discussion. Segment Information We operate in a single operating segment, providing solar power systems and services to residential customers. While our chief executive officer, as the chief operating decision maker (“CODM”), reviews financial information by different functions and revenue streams, he considers the business on a consolidated basis for purposes of allocating resources and reviewing overall business performance. Summary of Selected Significant Accounting Policies The following significant accounting policies are updates to our significant accounting policies from our Annual Report on Form 10-K/A for the fiscal year ended January 1, 2023. Refer to our Annual Report on Form 10-K/A for the fiscal year ended January 1, 2023 for the full list of our significant accounting policies. There have been no material changes to our significant accounting policies disclosed in the Form 10-K/A.

Restatement of Previously Issue

Restatement of Previously Issued Condensed Consolidated Financial Statements	3 Months Ended
	Apr. 02, 2023
Accounting Changes and Error Corrections [Abstract]
Restatement of Previously Issued Condensed Consolidated Financial Statements	RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Restatement Background On October 19, 2023, the Audit Committee of the Board of Directors (the “Board”) of the Company, based upon the recommendation of management, determined that our (i) audited consolidated financial statements included in our Annual Report on Form 10-K for the period ended January 1, 2023, filed with the SEC on March 10, 2023 (the “Original Form 10-K”), (ii) unaudited condensed consolidated financial statements included in our Quarterly Report on Form 10-Q for the quarterly period ended April 2, 2023, filed with the SEC on May 3, 2023 (the “Original Q1 2023 Form 10-Q”), and (iii) unaudited condensed consolidated financial statements included in our Quarterly Report on Form 10-Q for the quarterly period ended July 2, 2023, filed with the SEC on August 2, 2023 (the “Q2 2023 Form 10-Q,” and collectively, the “Affected Periods”), as well as the relevant portions of any communication which describe or are based on such consolidated financial statements, should no longer be relied upon, and that the previously issued financial statements for the Affected Periods should be restated. This Note discloses the nature of the restatement adjustments and discloses the cumulative effects of these adjustments on the condensed consolidated balance sheets, statements of operations, and statements of cash flows for the periods included in the Original Form 10-Q. The consolidated statements of comprehensive income (loss) and statements of equity for the three months ended April 2, 2023 and April 3, 2022 have also been restated for the correction to net income (loss). The unaudited condensed consolidated balance sheet as of January 1, 2023, and the unaudited condensed consolidated financial statements as of April 2, 2023 and for the three months ended April 2, 2023 and April 3, 2022, have been restated to reflect the corrections related to the value of consignment inventory of MI components at certain warehouse and third-party locations, and reclassification of certain expenses in our condensed consolidated statements of operations as further described below, along with other immaterial items pertaining to the periods noted above. The effects of the restatement, including the related income tax impacts, have been reflected in the impacted tables and footnotes throughout these condensed consolidated financial statements in this Amendment No. 1. The restatement adjustments and their impacts on the previously issued condensed consolidated financial statements included in the Original Q1 2023 Form 10-Q are described below. Description of Restatement Adjustments The categories of the restatement adjustments and their impact on the previously reported condensed consolidated financial statements included in the Original Q1 2023 Form 10-Q are described below. a. Inventory Related Adjustments - In the third quarter of fiscal year 2023, while reviewing our inventory account reconciliations, we identified that the consumption of certain MI costs in photo-voltaic module manufacturing had been inaccurately recorded starting in the first quarter of fiscal year 2022. This resulted in an overstatement of MI costs included in finished goods inventory, and an understatement of cost of revenues for the impacted periods. The impact of the correction is to recognize an increase in cost of revenues for the relevant MI costs, with a corresponding reduction to our finished goods inventory and increase in accrued liabilities related to additional accruals for sales and use taxes. In addition, we also identified other immaterial miscellaneous inventory-related misstatements during the first quarters of fiscal years 2023 and 2022, pertaining to the physical inventory counts and classifications between financial statement line items related to inventories. • The aggregated impact to the condensed consolidated statements of operations for the three months ended April 2, 2023 is a decrease to total cost of revenues of $0.3 million. The impact to the condensed consolidated balance sheets as of April 2, 2023 is a decrease in inventories of $19.4 million, an increase in advances to suppliers, current portion of $2.8 million, an increase in prepaid expenses and other current assets of $0.4 million, a decrease in accounts payable of $1.4 million, and an increase in accrued liabilities of $0.6 million. • The aggregated impact to the condensed consolidated statements of operations for the three months ended April 3, 2022 is an increase to total cost of revenues of $3.1 million. The impact to the condensed consolidated balance sheets as of January 1, 2023 is a decrease in inventories of $19.7 million, an increase in advances to suppliers, current portion of $2.8 million, an increase in prepaid expenses and other current assets of $2.4 million, an increase in accounts payable of $0.8 million, and an increase in accrued liabilities of $0.4 million. b. Classification of Expense in the Statements of Operations - In fiscal year 2023, we identified errors related to the classification of certain expenses as cost of revenues instead of operating expenses. This resulted in the reclassification of certain expenses from cost of revenues to selling, general, and administrative expense for the three months ended April 2, 2023 and April 3, 2022. • The aggregated impact to the condensed consolidated statements of operations for the three months ended April 2, 2023 is a decrease to total cost of revenues of $13.9 million and an increase to sales, general, and administrative expenses of $13.9 million. • The aggregated impact to the condensed consolidated statements of operations for the three months ended April 3, 2022 is a decrease to total cost of revenues of $10.8 million and an increase to sales, general, and administrative expenses of $10.8 million. c. Discontinued Operations - We determined that certain charges for changes in estimates related to indemnifications of warranty obligations and legal costs we have retained in connection with the sale of our C&I Solutions business to TotalEnergies Renewables should have been classified as discontinued operations instead of continuing operations in the condensed consolidated statements of operations for fiscal year 2022. • The impact to the condensed consolidated statements of operations for the three months ended April 2, 2023 is a decrease to total cost of revenues of $6.8 million and a decrease to sales, general and administrative expenses of $0.5 million, with an increase to discontinued operations by the total amount. d. Timing of Revenue Recognition for Certain Revenue Contracts - In the fourth quarter of fiscal year 2022, we determined that a portion of revenue earned from sales through our New Homes channel were incorrectly deferred. We concluded that our performance obligations related to these contracts had been satisfied and revenue should have been recognized. • The impact to the condensed consolidated statements of operations for the three months ended April 2, 2023 is a decrease in total revenues of $6.4 million and a decrease in total cost of revenues of $4.0 million. • The impact to the condensed consolidated balance sheets as of January 1, 2023 is an increase in contract assets of $6.4 million and a decrease in prepaid expenses and other current assets of $4.0 million. e. Other Restatement Adjustments - There are other restatement adjustments otherwise not described in items (a) through (d) above, which are individually and in the aggregate insignificant for the periods of the three months ended April 2, 2023 and April 3, 2022. Condensed Consolidated Financial Statements - Restatement Reconciliation Tables In light of the foregoing, in accordance with ASC 250, Accounting Changes and Error Corrections , we are restating the previously issued condensed consolidated financial statements as of April 2, 2023 and January 1, 2023, and for the three months ended April 2, 2023 and April 3, 2022 to reflect the effects of the restatement adjustments, and to make certain corresponding disclosures. In the following tables, we have presented a reconciliation of our condensed consolidated balance sheets, statements of operations, and cash flows as previously reported for these periods to the restated and revised amounts. Summary of Restatement - Condensed Consolidated Balance Sheets April 2, 2023 January 1, 2023 (In thousands) As Previously Reported Restatement Impacts Restatement Reference As Restated As Previously Reported Restatement Impacts Restatement Reference As Restated Assets Current assets: Cash and cash equivalents $ 116,478 $ — $ 116,478 $ 377,026 $ — $ 377,026 Restricted cash and cash equivalents, current portion 9,634 837 e 10,471 9,855 813 e 10,668 Short-term investments — — — 132,480 — 132,480 Accounts receivable, net 194,231 3,267 e 197,498 174,577 (4,903) e 169,674 Contract assets 58,610 — 58,610 50,692 6,378 d 57,070 Inventories 381,847 (21,395) a, e 360,452 316,815 (21,084) a, e 295,731 Advances to suppliers, current portion 12,508 2,750 a 15,258 9,309 2,750 a 12,059 Prepaid expenses and other current assets 212,970 850 a, e 213,820 197,760 51 a, d, e 197,811 Total current assets 986,278 (13,691) 972,587 1,268,514 (15,995) 1,252,519 Restricted cash and cash equivalents, net of current portion 15,158 3,752 e 18,910 15,151 3,661 e 18,812 Property, plant and equipment, net 82,117 1,960 e 84,077 74,522 1,951 e 76,473 Operating lease right-of-use assets 36,302 — 36,302 36,926 — 36,926 Solar power systems leased, net 40,768 — 40,768 41,779 — 41,779 Goodwill 126,338 (340) e 125,998 126,338 (340) e 125,998 Other intangible assets, net 22,435 — 22,435 24,192 — 24,192 Other long-term assets 183,015 (6,075) e 176,940 192,585 (5,658) e 186,927 Total assets $ 1,492,411 $ (14,394) $ 1,478,017 $ 1,780,007 $ (16,381) $ 1,763,626 Liabilities and Equity Current liabilities: Accounts payable $ 225,143 $ (1,449) a $ 223,694 $ 242,229 $ 910 a, e $ 243,139 Accrued liabilities 164,210 3,225 a, e 167,435 145,229 2,890 a, e 148,119 Operating lease liabilities, current portion 11,589 — 11,589 11,356 — 11,356 Contract liabilities, current portion 161,289 1,054 e 162,343 144,209 (2,346) e 141,863 Short-term debt 121,473 3,871 e 125,344 82,404 (164) e 82,240 Convertible debt, current portion — — — 424,919 — 424,919 Total current liabilities 683,704 6,701 690,405 1,050,346 1,290 1,051,636 Long-term debt 155,969 — 155,969 308 — 308 Operating lease liabilities, net of current portion 28,362 — 28,362 29,347 — 29,347 Contract liabilities, net of current portion 11,305 34 e 11,339 11,555 33 e 11,588 Other long-term liabilities 109,782 2,432 e 112,214 112,797 1,905 e 114,702 Long-term liabilities of discontinued operations — — — — — — Total liabilities 989,122 9,167 998,289 1,204,353 3,228 1,207,581 Commitments and contingencies (Note 8) Equity: Preferred stock — — — — — — Common stock 175 — 175 174 — 174 Additional paid-in capital 2,839,233 — 2,839,233 2,855,930 — 2,855,930 Accumulated deficit (2,116,859) (23,561) a, d, e (2,140,420) (2,066,175) (19,609) a, d, e (2,085,784) Accumulated other comprehensive income 11,573 — 11,573 11,568 — 11,568 Treasury stock, at cost (231,717) — (231,717) (226,646) — (226,646) Total stockholders' equity 502,405 (23,561) 478,844 574,851 (19,609) 555,242 Noncontrolling interests in subsidiaries 884 — 884 803 — 803 Total equity 503,289 (23,561) 479,728 575,654 (19,609) 556,045 Total liabilities and equity $ 1,492,411 $ (14,394) $ 1,478,017 $ 1,780,007 $ (16,381) $ 1,763,626 Summary of Restatement - Condensed Consolidated Statements of Operations Three Months Ended April 2, 2023 April 3, 2022 (In thousands, except per share data) As Previously Reported Restatement Impacts Restatement Reference As Restated As Previously Reported Restatement Impacts Restatement Reference As Restated Total revenues $ 440,878 $ (6,611) d, e $ 434,267 $ 350,277 $ (159) e $ 350,118 Total cost of revenues 376,767 (23,538) a-e 353,229 277,968 (9,695) a, b, e 268,273 Gross profit 64,111 16,927 81,038 72,309 9,536 81,845 Operating expenses: Research and development 7,247 — 7,247 5,010 161 e 5,171 Sales, general, and administrative 90,881 13,437 b, c, e 104,318 76,996 10,871 b, e 87,867 Restructuring charges (credits) — — — 627 — 627 (Income) expense from transition services agreement, net (224) — (224) 266 — 266 Total operating expenses 97,904 13,437 111,341 82,899 11,032 93,931 Operating (loss) income (33,793) 3,490 (30,303) (10,590) (1,496) (12,086) Other (expense) income, net: Interest income 831 — 831 42 — 42 Interest expense (5,678) — (5,678) (5,044) (7) e (5,051) Other, net (10,983) — (10,983) 1,444 — 1,444 Other (expense) income, net (15,830) — (15,830) (3,558) (7) (3,565) (Loss) income from continuing operations before income taxes and equity in earnings (losses) of unconsolidated investees (49,623) 3,490 (46,133) (14,148) (1,503) (15,651) (Provision for) benefits from income taxes (1,227) (101) e (1,328) 11,643 (3,514) e 8,129 Equity in earnings (losses) of unconsolidated investees 247 (59) e 188 — — — Net (loss) income from continuing operations (50,603) 3,330 (47,273) (2,505) (5,017) (7,522) (Loss) income from discontinued operations before income taxes and equity in earnings (losses) of unconsolidated investees — (7,360) c (7,360) (26,298) — (26,298) Benefits from (provision for) income taxes from discontinued operations — 78 e 78 343 (10) e 333 Net (loss) income from discontinued operations — (7,282) (7,282) (25,955) (10) (25,965) Net (loss) income (50,603) (3,952) (54,555) (28,460) (5,027) (33,487) Net (income) loss from continuing operations attributable to noncontrolling interests (81) — (81) 339 — 339 Net loss (income) from discontinued operations attributable to noncontrolling interests — — — 250 — 250 Net (income) loss attributable to noncontrolling interests (81) — (81) 589 — 589 Net (loss) income from continuing operations attributable to stockholders (50,684) 3,330 (47,354) (2,166) (5,017) (7,183) Net (loss) income from discontinued operations attributable to stockholders — (7,282) (7,282) (25,705) (10) (25,715) Net (loss) income attributable to stockholders $ (50,684) $ (3,952) $ (54,636) $ (27,871) $ (5,027) $ (32,898) Net (loss) income per share attributable to stockholders - basic and diluted: Continuing operations $ (0.29) $ 0.02 a, c, d, e $ (0.27) $ (0.01) $ (0.03) a, e $ (0.04) Discontinued operations $ — $ (0.04) c, e $ (0.04) $ (0.15) $ — e $ (0.15) Net (loss) income per share - basic and diluted $ (0.29) $ (0.02) a, d, e $ (0.31) $ (0.16) $ (0.03) a, e $ (0.19) Weighted-average shares: Basic 174,528 — 174,528 173,376 — 173,376 Diluted 174,528 — 174,528 173,376 — 173,376 Summary of Restatement - Condensed Consolidated Statements of Cash Flows Three Months Ended April 2, 2023 April 3, 2022 (In thousands) As Previously Reported Restatement Impacts Restatement Reference As Restated As Previously Reported Restatement Impacts Restatement Reference As Restated Cash flows from operating activities: Net (loss) income $ (50,603) $ (3,952) a, d, e $ (54,555) $ (28,460) $ (5,027) a, e $ (33,487) Adjustments to reconcile net (loss) income to net cash used in operating activities: Depreciation and amortization 9,989 280 e 10,269 4,170 143 e 4,313 Amortization of cloud computing arrangements 1,673 67 e 1,740 495 22 e 517 Stock-based compensation 6,877 — 6,877 5,427 — 5,427 Amortization of debt issuance costs 617 — 617 726 — 726 Equity in (earnings) losses of unconsolidated investees (247) 59 e (188) — — — Loss (gain) on equity investments 10,805 — 10,805 (1,315) — (1,315) Unrealized loss (gain) on derivatives 3,334 — 3,334 — — — Dividend from equity method investees 371 — 371 — — — Deferred income taxes (815) — (815) (13,750) (417) e (14,167) Other, net 91 — 91 845 — 845 Changes in operating assets and liabilities: Accounts receivable (19,745) (8,170) e (27,915) (12,354) (176) e (12,530) Contract assets (7,918) 6,378 d (1,540) (6,519) (420) d (6,939) Inventories (65,032) 311 a, e (64,721) (35,081) 2,537 a, e (32,544) Project assets — — — 2,892 — 2,892 Prepaid expenses and other assets (12,199) (734) a, d, e (12,933) (86,502) 5,236 a, d, e (81,266) Operating lease right-of-use assets 2,710 — 2,710 2,415 227 e 2,642 Advances to suppliers (3,198) — (3,198) (2,222) — (2,222) Accounts payable and other accrued liabilities (26,557) (783) a, e (27,340) 41,444 (1,233) a, e 40,211 Contract liabilities 16,830 3,400 e 20,230 22,066 (2) e 22,064 Operating lease liabilities (2,063) (775) e (2,838) (3,027) (217) e (3,244) Net cash (used in) provided by operating activities (135,080) (3,919) (138,999) (108,750) 673 (108,077) Cash flows from investing activities: Purchases of property, plant, and equipment (11,943) — (11,943) (8,636) (577) e (9,213) Investments in software development costs (891) — (891) (1,521) — (1,521) Cash paid for equity investments under the Dealer Accelerator Program and other — — — (7,000) — (7,000) Proceeds from sale of equity investment 121,675 — 121,675 149,830 — 149,830 Cash paid for investments in unconsolidated investees (1,454) — (1,454) (154) — (154) Dividend from equity method investee, in excess of cumulative earnings 149 — 149 — — — Net cash provided by (used in) investing activities 107,536 — 107,536 132,519 (577) 131,942 Cash flows from financing activities: Proceeds from bank loans and other debt 245,764 — 245,764 21,458 — 21,458 Repayment of bank loans and other debt (48,146) 4,034 e (44,112) (23,944) 78 e (23,866) Repayment of convertible debt (424,991) — (424,991) — — — Payments for financing leases (775) — (775) — (11) e (11) Purchases of stock for tax withholding obligations on vested restricted stock (5,070) — (5,070) (7,332) — (7,332) Net cash (used in) provided by financing activities (233,218) 4,034 (229,184) (9,818) 67 (9,751) Net (decrease) increase in cash, cash equivalents, and restricted cash (260,762) 115 (260,647) 13,951 163 14,114 Cash, cash equivalents, and restricted cash, beginning of period 402,032 4,474 e 406,506 148,613 3,986 e 152,599 Cash, cash equivalents, and restricted cash, end of period $ 141,270 $ 4,589 $ 145,859 $ 162,564 $ 4,149 $ 166,713 Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets: Cash and cash equivalents $ 116,478 $ — $ 116,478 $ 142,250 $ — $ 142,250 Restricted cash and cash equivalents, current portion 9,634 837 e 10,471 681 747 e 1,428 Restricted cash and cash equivalents, net of current portion 15,158 3,752 e 18,910 12,857 3,402 e 16,259 Cash, cash equivalents, and restricted cash from discontinued operations — — — 6,776 — 6,776 Total cash, cash equivalents, and restricted cash $ 141,270 $ 4,589 $ 145,859 $ 162,564 $ 4,149 $ 166,713 Supplemental disclosure of non-cash activities: Property, plant and equipment acquisitions funded by liabilities (including financing leases) $ 3,505 $ — $ 3,505 $ 922 $ 911 e $ 1,833 Right-of-use assets obtained in exchange for lease obligations $ 2,086 $ — $ 2,086 $ 877 $ (485) e $ 392 Working capital adjustment related to C&I Solutions sale $ 23,880 $ — $ 23,880 $ — $ — $ — Supplemental cash flow disclosures: Cash paid for interest $ 11,969 $ — $ 11,969 $ 9,874 $ — $ 9,874 Cash paid for income taxes $ 184 $ — $ 184 $ 250 $ — $ 250

Transactions With Total and Tot

Transactions With Total and Total Energies SE	3 Months Ended
	Apr. 02, 2023
Related Party Transactions [Abstract]
Transactions With Total and Total Energies SE	TRANSACTIONS WITH TOTAL AND TOTALENERGIES SE In June 2011, Total completed a cash tender offer to acquire 60% of our then outstanding shares of common stock at a price of $23.25 per share, for a total cost of approximately $1.4 billion. In December 2011, we entered into a Private Placement Agreement with Total, under which Total purchased, and we issued and sold, 18.6 million shares of our common stock for a purchase price of $8.80 per share, thereby increasing Total's ownership to approximately 66% of our outstanding common stock as of that date. On May 24, 2022, Total and Total Gaz (collectively, “Sellers”) agreed to sell 50% less one unit of the equity interests in HoldCo, which upon closing of such transaction would be the record holder of all of the shares of our common stock held by Sellers, to GIP Sol (and such transaction, the “Transaction”). On September 12, 2022, Sellers closed the Transaction. In connection with the completion of the Transaction, TotalEnergies Renewables, GIP Sol, and HoldCo entered into a Letter Agreement, dated September 12, 2022, concerning certain governance rights with respect to HoldCo and the shares of our common stock held directly by HoldCo. Specifically, TotalEnergies Renewables and GIP Sol agreed to, among other things, take all actions necessary to cause HoldCo to designate and elect to our board of directors (the “Board”) such individuals as HoldCo is entitled to appoint pursuant to the Affiliation Agreement; provided, however, that for so long as HoldCo is entitled to appoint at least five directors to our Board, GIP Sol shall have the right to appoint two of such five directors. The Letter Agreement also contained certain provisions on voting and on the transfer of HoldCo interests and common stock of the Company. As of April 2, 2023, ownership of our outstanding common stock by TotalEnergies SE and its affiliates, and GIP Sol, was 50.3%. Sale of C&I Solutions Business On May 31, 2022, pursuant to the terms of the Definitive Agreement we signed with TotalEnergies Renewables on February 6, 2022, TotalEnergies Renewables acquired all of the issued and outstanding common stock of our C&I Solutions business. The preliminary purchase price of $190.0 million was subject to certain adjustments, including cash, indebtedness, and an estimated closing date working capital adjustment. Upon closing, we received net cash consideration of $149.2 million based on the estimated net assets of the business on that date. As of the third quarter of fiscal 2022, we recorded a payable of $7.0 million to Total, based on our review of the closing date working capital and our submission of the Closing Statement. On October 25, 2022, we received a notice of disagreement from TotalEnergies Renewables with respect to the Closing Statement. As set forth in the Definitive Agreement, we appointed an independent accountant to adjudicate the amount owed under the Closing Statement. On April 12, 2023, the independent accountant issued its final and binding determination with respect to the disputed items and an additional $23.9 million was deemed in favor of TotalEnergies Renewables. We have recorded a payable of $30.9 million within “accrued liabilities” in our condensed consolidated balance sheets as of April 2, 2023, and such amount was paid on April 19, 2023. Affiliation Agreement In April 2011, we and Total entered into an Affiliation Agreement that governs the relationship between Total and us (the “Affiliation Agreement”). Until the expiration of a standstill period specified in the Affiliation Agreement (the “Standstill Period”), and subject to certain exceptions, Total, TotalEnergies SE, and any of their respective affiliates and certain other related parties (collectively, the “Total Group”) may not effect, seek, or enter into discussions with any third party regarding any transaction that would result in the Total Group beneficially owning our shares in excess of certain thresholds, or request us or our independent directors, officers, or employees to amend or waive any of the standstill restrictions applicable to the Total Group. The Standstill Period ends when Total holds less than 15% ownership of us. The Affiliation Agreement imposes certain limitations on the Total Group’s ability to seek to effect a tender offer or merger to acquire 100% of our outstanding voting power and imposes certain limitations on the Total Group's ability to transfer 40% or more of our outstanding shares or voting power to a single person or group that is not a direct or indirect subsidiary of TotalEnergies SE. During the Standstill Period, no member of the Total Group may, among other things, solicit proxies or become a participant in an election contest relating to the election of directors to our Board. The Affiliation Agreement provides Total with the right to maintain its percentage ownership in connection with any new securities issued by us, and Total may also purchase shares on the open market or in private transactions with disinterested stockholders, subject in each case to certain restrictions. The Affiliation Agreement also imposes restrictions with respect to our and our Board’s ability to take certain actions, including specifying certain actions that require approval by the directors other than the directors appointed by Total and other actions that require stockholder approval by Total. On April 19, 2021, we entered into an amendment to the Affiliation Agreement with Total (the “April Affiliation Agreement Amendment”). The April Affiliation Agreement Amendment provided that our Board would include eleven members, composed of our president and chief executive officer, our immediate past chief executive officer, (“Mr. Werner ” ), six directors designated by Total, and three non-Total-designated directors. If the ownership of our voting securities by Total, together with the controlled subsidiaries of TotalEner gies SE, declined below certain thresholds, the number of members of the Board that Total was entitled to designate would be reduced as set forth in the Affiliation Agreement. Pursuant to the April Affiliation Agreement Amendment, Mr. Werner resigned from his position as a member of the Board on November 1, 2021. On October 29, 2021, we entered into an additional amendment to the Affiliation Agreement (the “October Affiliation Agreement Amendment”), which provided that our Board would re main at eleven members until March 31, 2022 and allowed for the appointme nt of one additional independent director to fill the vacancy created by Mr. Werner’s resignation from the Board, which was filled as of December 31, 2021. The October Affiliation Agreement Amendment further provided that, after March 31, 2022, the Board would revert to nine members, at which time one independent director and one Total designee would resign from the Board. As previously disclosed, on March 31, 2022, one independent director and one Total designee resigned from the Board, and the Board reverted to nine members as of such date. In accordance with the Letter Agreement entered into by TotalEnergies Renewables, GIP Sol, and HoldCo on September 12, 2022, GIP had the right to appoint two designees to our Board. On September 23, 2022, two Total designees resigned from the Board, and on September 26, 2022, the Board appointed two GIP designees. 4.00% Debentures Due 2023 In December 2015, we issued $425.0 million in principal amount of our 4.00% debentures due 2023. An aggregate principal amount of $100.0 million of the 4.00% debentures due 2023 was acquired by Total. On January 17, 2023, we repaid the outstanding principal amount of $425.0 million of our 4.00% debentures due 2023, $100.0 million of which was held by TotalEnergies, as well as the remaining interest on the 4.00% debentures due 2023 of $8.5 million which was payable upon maturity. Related-Party Transactions with Total and Its Affiliates: The following are balances and transactions entered into with Total and its affiliates. As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 489 $ 489 Prepaid expenses and other current assets 2,756 2,898 Other long-term assets 505 1,284 Accrued liabilities 31,055 8,033 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Other income: (Income) expense from transition services agreement, net $ (249) $ — Interest expense: Interest expense incurred on the 4.00% debentures due 2023 171 1,000 RELATED-PARTY TRANSACTIONS In connection with the Spin-Off of Maxeon Solar, we entered into certain agreements with Maxeon Solar, including a transition services agreement, supply agreement, and collaboration agreement. On June 8, 2022, we entered into a First Amendment to the Cross License Agreement with Maxeon Solar to amend the Cross License Agreement that we entered into in connection with the Spin-off. The below table summarizes our transactions with Maxeon Solar for the three months ended April 2, 2023: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Purchases of photo-voltaic modules (recorded in cost of revenues) $ 70,458 $ 72,459 Research and development expenses reimbursement received 464 9,474 Income (expense) from transition services agreement, net (25) (266) Sublease income (recorded in sales, general, and administrative expense) 468 — We had the following balances related to transactions with Maxeon Solar as of April 2, 2023: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) Prepaid and other current assets $ 445 $ 607 Accrued liabilities 8,004 11,239 Accounts payable 43,355 38,486 Other long-term liabilities 1,458 1,458 Refer to Note 3. Transactions with Total and TotalEnergies SE. for related-party transactions with Total and its affiliates and to Note 9. Equity Investments for related-party transactions with SunStrong, SunStrong Partners, Dorado DevCo, and our dealer accelerator equity investees.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Apr. 02, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue The following table represents disaggregated revenue from contracts with customers for the three months ended April 2, 2023 and April 3, 2022: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) (As Restated) Solar power systems sales $ 341,905 $ 271,485 Component sales 86,531 59,877 Light commercial sales 552 14,196 Services and other 5,279 4,560 Total revenues $ 434,267 $ 350,118 We recognize revenue from contracts with customers when we have completed our performance obligations under an identified contract. The revenue is recognized in an amount that reflects the consideration for the corresponding performance obligations for the goods and services transferred. Contract Assets and Liabilities Contract assets represent accounts receivable unbilled for transactions where revenue has been recognized in advance of billing the customer. Revenue may be recognized in advance of billing the customer, resulting in an amount recorded to “contract assets” or “accounts receivable, net” depending on the expected timing of payment for such unbilled accounts receivable. Once we have an unconditional right to consideration, we typically bill our customer and reclassify the “contract assets” to “accounts receivable, net.” Contract liabilities consist of deferred revenue and customer advances, which represent consideration received from a customer prior to transferring control of goods or services to the customer under the terms of a sales contract. Total contract assets and contract liabilities balances as of the respective dates are as follows: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Contract assets $ 58,919 $ 57,379 Contract liabilities $ 173,682 $ 153,451 1 As of April 2, 2023 and January 1, 2023, we had indemnifications of $1.1 million retained in connection with our C&I Solutions sale, which are presented within “contract liabilities, net of current portion” on our condensed consolidated balance sheets. During the three months ended April 2, 2023, we recognized revenue of $74.2 million that was included in contract liabilities as of January 1, 2023. During the three months ended April 3, 2022, we recognized revenue of $34.2 million that was included in contract liabilities as of January 2, 2022. As of April 2, 2023, we have entered into contracts with customers for sales of solar systems and components for an aggregate transaction price of $806.1 million, the substantial majority of which we expect to recognize over the next 12 months.

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Apr. 02, 2023
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	BALANCE SHEET COMPONENTS Accounts Receivable, Net As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Accounts receivable, gross $ 211,403 $ 184,733 Less: allowance for credit losses (13,596) (14,750) Less: allowance for sales returns (309) (309) Accounts receivable, net $ 197,498 $ 169,674 Allowance for Credit Losses Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Balance at beginning of period $ 14,750 $ 14,375 Provision for credit losses 442 1,300 Write-offs (1,596) (494) Balance at end of period $ 13,596 $ 15,181 Inventories As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Photo-voltaic modules $ 184,761 $ 136,006 Microinverters 65,387 48,645 Energy Storage Systems 59,983 62,861 Other solar power system component materials 50,321 48,219 Inventories 1 $ 360,452 $ 295,731 1 Photovoltaic modules are classified as finished goods, while the remaining components of total inventories are classified as raw materials. Prepaid Expenses and Other Current Assets As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Deferred project costs $ 121,214 $ 125,604 Deferred costs for solar power systems 53,708 34,124 Related-party receivables 5,018 3,959 Derivative assets 1,384 — Other 32,496 34,124 Prepaid expenses and other current assets $ 213,820 $ 197,811 Property, Plant and Equipment, Net As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Testing equipment and tools $ 1,507 $ 1,157 Leasehold improvements 17,184 16,960 Solar power systems 10,701 10,271 Computer equipment 15,410 14,411 Internal-use software 76,640 71,477 Furniture and fixtures 8,092 8,088 Transportation equipment 4,451 3,941 Vehicle finance leases 14,744 12,316 Work-in-progress 10,769 5,958 Property, plant and equipment, gross 159,498 144,579 Less: accumulated depreciation and impairment (75,421) (68,106) Property, plant, and equipment, net 1,2 $ 84,077 $ 76,473 1 Property, plant, and equipment is predominantly located in the U.S. 2 For the three months ended April 2, 2023, we recorded depreciation expense, including accretion expense related to our asset retirement obligations, of $9.5 million. For the three months ended April 3, 2022, we recorded depreciation expense of $3.6 million. Other Long-term Assets As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Equity investments without readily determinable fair value $ 31,346 $ 31,699 Equity investments with fair value option (“FVO” ) 19,800 18,346 Cloud computing arrangements (“CCA”) implementation costs, net of current portion 1 5,944 7,934 Deposits with related parties 6,549 7,329 Retail installment contract receivables, net of current portion 2, 3 94,254 98,001 Long-term deferred project costs 3,018 3,109 Derivative assets — 2,293 Debt issuance costs — 3,556 Other 16,029 14,660 Other long-term assets $ 176,940 $ 186,927 1 For the three months ended April 2, 2023 and April 3, 2022, we recorded $1.7 million and $0.5 million, respectively, of amortization expense related to the amortization of our capitalized CCA costs. 2 Our long-term retail installment contract receivables are presented net of the significant financing component of $22.2 million and $22.5 million, and allowance for credit losses of $0.5 million and $0.4 million as of April 2, 2023 and January 1, 2023, respectively. 3 We are exposed to credit risk from certain customers and their potential payment delinquencies on our retail installment contracts. As of April 2, 2023, the average Fair Isaac Corporation (“FICO”) score of our customers under a retail installment contract agreement remained at or above 750 which is generally categorized as a “Very Good” credit profile by the Fair Isaac Corporation. As of April 2, 2023, our portfolio has not experienced any customer defaults. Accrued Liabilities As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Employee compensation and employee benefits $ 30,467 $ 36,452 Interest payable 351 8,549 Short-term warranty reserves 31,274 29,677 Legal expenses 3,413 2,681 Taxes payable 9,286 9,641 Payable to related parties 8,004 11,239 Short-term finance lease liabilities 3,422 2,949 Derivative liabilities 2,425 — Indemnification obligations retained from C&I Solutions sale 1 51,426 20,781 Short-term asset retirement obligation liability 1,510 1,396 Other 25,857 24,754 Accrued liabilities $ 167,435 $ 148,119 1 As of April 2, 2023, we had a total of $20.3 million and $31.1 million of warranty reserves and other indemnification, respectively, retained in connection with the sale of our C&I Solutions business to TotalEnergies Renewables. As of January 1, 2023, we retained a total of $13.5 million and $7.3 million of warranty reserves and other indemnifications, respectively. Other Long-term Liabilities As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Deferred revenue $ 34,749 $ 35,864 Long-term warranty reserves 21,308 23,931 Unrecognized tax benefits 12,699 12,295 Related-party liabilities 1,458 1,458 Long-term finance lease liabilities 9,050 7,878 Indemnification obligations retained from C&I Solutions sale 1 11,333 11,385 Long-term asset retirement obligation liability 2,570 2,395 Other 19,047 19,496 Other long-term liabilities $ 112,214 $ 114,702 1 As of April 2, 2023, we had a total of $7.6 million and $3.7 million of warranty reserves and other indemnifications, respectively, retained in connection with the sale of our C&I Solutions business to TotalEnergies Renewables. As of January 1, 2023, we retained a total of $7.6 million and $3.8 million of warranty reserves and other indemnifications, respectively. Accumulated Other Comprehensive Income As of (In thousands) April 2, 2023 January 1, 2023 Cumulative translation adjustment $ 9,581 $ 9,576 Net gain on long-term pension liability obligation 1,992 1,992 Accumulated other comprehensive income $ 11,573 $ 11,568

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Apr. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill On October 4, 2021, we entered into a Securities Purchase Agreement to acquire all of the issued and outstanding membership interests of Blue Raven Solar Holdings, LLC (“Blue Raven”) and 35% of the issued and outstanding membership interests in Albatross Software, LLC, an affiliate of Blue Raven. Goodwill presented on our condensed consolidated financial statements represents goodwill resulting from the acquisition of Blue Raven. We test goodwill impairment at least annually during the last day of the third fiscal quarter, or when events or changes in circumstances indicate that goodwill might be impaired. The evaluation of impairment involves comparing the current fair value of our reporting unit to the book value (including goodwill). We have the option to perform a qualitative assessment of goodwill prior to completing a quantitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. After assessing the totality of events and circumstances, we concluded that as of October 2, 2022, the date our last qualitative test was performed, it was more likely than not that the fair value of our reporting unit with goodwill was greater than the book value and, therefore, that there is no goodwill impairment. Other Intangible Assets The following table represents our other intangible assets with finite useful lives: (In thousands) Gross Carrying Amount Accumulated Amortization Net Book Value As of April 2, 2023: Developed technology $ 3,700 $ (1,850) $ 1,850 Brand 15,800 (5,925) 9,875 Non-compete agreements 3,400 (1,700) 1,700 Software development costs 10,082 (1,072) 9,010 Total $ 32,982 $ (10,547) $ 22,435 As of January 1, 2023: Developed technology $ 3,700 $ (1,542) $ 2,158 Brand 15,800 (4,937) 10,863 Non-compete agreements 3,400 (1,417) 1,983 Software development costs 9,250 (62) 9,188 Total $ 32,150 $ (7,958) $ 24,192 Aggregate amortization expense for intangible assets was $2.6 million for the three months ended April 2, 2023, and $1.6 million for the three months ended April 3, 2022, respectively. No impairment loss was recorded for intangible assets for the three months ended April 2, 2023 and April 3, 2022. As of April 2, 2023, the estimated future amortization expense related to intangible assets with finite useful lives for each of the next three fiscal years was as follows, through the end of the useful life of all intangible assets: Expected Amortization Expense Fiscal Year (In thousands) 2023 (remaining nine months) $ 9,544 2024 9,618 2025 3,273 Total $ 22,435

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 02, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement (observable inputs are the preferred basis of valuation): • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Measurements are inputs that are observable for assets or liabilities, either directly or indirectly, other than quoted prices included within Level 1. • Level 3 — Prices or valuations that require management inputs that are both significant to the fair value measurement and unobservable. Assets and Liabilities Measured at Fair Value on a Recurring Basis We measure certain assets and liabilities at fair value on a recurring basis. There were no transfers between fair value measurement levels during any presented period. The following table summarizes our assets and liabilities measured and recorded at fair value on a recurring basis as of April 2, 2023 and January 1, 2023: April 2, 2023 January 1, 2023 (In thousands) Total Fair Value Level 3 Level 2 Level 1 Total Fair Value Level 3 Level 2 Level 1 Assets Cash and cash equivalents: Money market funds $ 40,000 $ — $ — $ 40,000 $ 297,474 $ — $ — $ 297,474 Prepaid expenses and other current assets: Interest rate swaps 1,384 — 1,384 — — — — — Other long-term assets: Equity investments with FVO 19,800 19,800 — — 18,346 18,346 — — Equity investments with readily determinable fair value — — — — 132,480 — — 132,480 Interest rate swaps — — — — 2,293 — 2,293 — Total assets $ 61,184 $ 19,800 $ 1,384 $ 40,000 $ 450,593 $ 18,346 $ 2,293 $ 429,954 Liabilities Accrued liabilities: Interest rate swaps $ 2,425 $ — $ 2,425 $ — $ — $ — $ — $ — Total liabilities $ 2,425 $ — $ 2,425 $ — $ — $ — $ — $ — Money market funds During fiscal 2022, we entered into investments in money market funds with Bank of America. As of April 2, 2023, we recorded an amount of $40.0 million within “cash and cash equivalents” in our consolidated balance sheets for our investments held in the money market funds. The money market funds are classified within Level 1 in the fair value hierarchy as we value the funds using observable inputs that reflect quoted prices for securities with identical characteristics. Equity investments with fair value option (“FVO”) We have elected the FVO in accordance with the guidance in ASC 825, Financial Instruments , for our investment in the SunStrong Capital Holdings, LLC (“SunStrong”), Dorado Development Partners, LLC (“Dorado DevCo”), and SunStrong Partners, LLC (“SunStrong Partners”) joint ventures, to mitigate volatility in reported earnings that results from the use of different measurement attributes (see Note 9. Equity Investments ). We initially computed the fair value for our investments consistent with the methodology and assumptions that market participants would use in their estimates of fair value with the assistance of a third-party valuation specialist. The fair value computation is updated using the same methodology on an annual basis, during the third fiscal quarter, considering material changes in the business of SunStrong, Dorado DevCo, and SunStrong Partners or other inputs. The investments are classified within Level 3 in the fair value hierarchy because we estimate the fair value of the investments using the income approach based on the discounted cash flow method which considered estimated future financial performance, including assumptions for, among others, forecasted contractual lease income, lease expenses, residual value of these lease assets and long-term discount rates, and forecasted default rates over the lease term and discount rates, some of which require significant judgment by management and are not based on observable inputs. The following table summarizes movements in equity investments for the three months ended April 2, 2023. There were no internal movements between Level 1 or Level 2 fair value measurements to or from Level 3 fair value measurements for the three months ended April 2, 2023. (In thousands) Beginning balance as of January 1, 2023 Equity Distribution Additional Investment Other adjustment Ending balance as of April 2, 2023 Equity investments with FVO $ 18,346 $ — $ 1,454 $ — $ 19,800 Level 3 significant unobservable inputs sensitivity The following table summarizes the significant unobservable inputs used in Level 3 valuation of our investments carried at fair value as of April 2, 2023. Included in the table are the inputs and range of possible inputs that have an effect on the overall valuation of the financial instruments. 2023 Assets: Fair value Valuation Technique Unobservable Input Range 1 Weighted Average 1 Other long-term assets: Equity investments with FVO $ 19,800 Discounted cash flows Discount rate Residual value 12.5%-13% 6.3%-12.9% 12.7% 8.2% Total assets $ 19,800 1 The primary unobservable inputs used in the fair value measurement of our equity investments, when using a discounted cash flow model, are the discount rate and residual value. Significant increases (decreases) in the discount rate in isolation would result in a significantly lower (higher) fair value measurement. We estimate the discount rate based on risk appropriate projected cost of equity. We estimate the residual value based on the contracted systems in place in the years being projected. Significant increases (decreases) in the residual value in isolation would result in a significantly higher (lower) fair value measurement. Equity investments with readily determinable fair value In connection with the divestment of our microinverter business to Enphase on August 9, 2018, we received 7.5 million shares of Enphase common stock (NASDAQ: ENPH). The common stock received was recorded as an equity investment with readily determinable fair value (Level 1), with changes in fair value recognized in net income in accordance with ASU 2016-01 Recognition and Measurement of Financial Assets and Liabilities. On January 5, 2023, we sold our remaining 0.5 million shares of Enphase common stock in open market transactions for cash proceeds of $121.7 million, with a loss of $10.8 million, which was recorded within “other, net” in our condensed consolidated statements of operations for the three months ended April 2, 2023. During the three months ended April 3, 2022, we sold one million shares of Enphase common stock in open market transactions for net cash proceeds of $149.8 million, and recorded a gain of $1.3 million. Interest Rate Swaps Credit Suisse Interest Rate Swap In connection with the entry into our loan and security purchase agreement with Credit Suisse AG, New York Branch, and other financial institutions to finance our retail installment contract receivables on June 30, 2022, we also entered into interest rate swaps under the agreement, which convert the floating rate loan to a fixed rate. The interest rate swaps were entered into to mitigate the risks associated with interest rate volatility. The swaps terminate in March of 2024, unless we terminate early with the maturity of the loan, subject to any early termination costs. The interest rate swaps qualify as derivatives in accordance with the guidance in ASC 815, Derivatives and Hedging . The fair value of the interest rate swaps is determined using a discounted cash flow model that incorporates an assessment of the risk of non-performance by the interest rate swap counterparty and an evaluation of credit risk in valuing derivative instruments. The valuation model uses various inputs including contractual terms, interest rate curves, credit spreads and measures of volatility. As of April 2, 2023, we recorded derivative assets of $1.4 million, within “ prepaid expenses and other current assets Bank of America Interest Rate Swap In the first quarter of fiscal 2023, we entered into interest rate swaps in our SunPower Financial TM business with Bank of America, which converts the fixed rate loans entered into by SunPower Financial's customers to floating rates. The interest rate swaps were entered into to mitigate the interest rate volatility risks associated with the timing lag between when the customer enters into these fixed rate loans and when the loan is funded and sold to a third-party investor. The swaps terminate in September and November of 2023. The interest rate swaps qualify as derivatives in accordance with the guidance in ASC 815, Derivatives and Hedging . The fair value of the interest rate swaps is determined using a discounted cash flow model that incorporates an assessment of the risk of non-performance by the interest rate swap counterparty and an evaluation of credit risk in valuing derivative instruments. The valuation model uses various inputs including contractual terms, interest rate curves, credit spreads and measures of volatility. As of April 2, 2023, we recorded derivative liabilities of $2.4 million, within “ accrued liabilities total revenues Retail installment contract receivables, net The aggregate carrying value of our long-term retail installment contracts as of April 2, 2023 was $106.0 million, included within “accounts receivable, net” and “other long-term assets” on our condensed consolidated balance sheets. We measure the retail installment contracts using the amortized cost method, where the significant financing component amount is deferred and recognized as revenue over the contract term. The fair value of these receivables as of April 2, 2023 was $80.4 million. The fair value was determined using a third-party investor determined formula that starts with initial investor pricing by product, adjusted to account for the fair value impact relating to any changes in market spreads based on Level 2 inputs for the relevant benchmark interest rate and credit spread, as reported by Bloomberg.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 02, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Facility and Equipment Leases The tables below present the summarized quantitative information with regard to facility and equipment lease contracts we have entered into: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) (As Restated) Operating lease expense $ 3,621 $ 3,215 Finance lease expense: Amortization expense 775 11 Interest expense on lease liabilities 189 16 Sublease income (746) (87) Total $ 3,839 $ 3,155 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,749 $ 3,817 Operating cash flows for finance leases $ 189 $ 16 Financing cash flows for finance leases $ 775 $ 11 Right-of-use assets and property, plant, and equipment obtained in exchange for leases: Operating leases $ 2,086 $ 392 Finance leases $ 2,435 $ 911 As of April 2, 2023 January 1, 2023 Weighted-average remaining lease term (in years): Operating leases 3.6 3.7 Finance leases 3.4 3.4 Weighted-average discount rate: Operating leases 7.9 % 8.0 % Finance leases 7.0 % 7.0 % The future minimum lease payments to be paid under non-cancellable leases in effect as of April 2, 2023, are as follows: Operating Leases Finance Leases As of April 2, 2023 (In thousands) 2023 (remaining nine months) $ 11,038 $ 3,121 2024 12,654 4,027 2025 8,940 3,851 2026 7,468 2,404 2027 4,679 546 Thereafter 1,855 39 Total lease payments 46,634 13,988 Less: imputed interest (6,683) (1,516) Total $ 39,951 $ 12,472 Purchase Commitments Future purchase obligations under non-cancellable purchase orders and long-term supply agreements as o f April 2, 2023 are as follows: (In thousands) Fiscal 2023 (remaining nine months) Fiscal 2024 Fiscal 2025 Fiscal 2026 Fiscal 2027 Thereafter Total Future purchase obligations $ 267,184 $ 184,926 $ 159,929 $ 778 $ 784 $ 3,745 $ 617,346 The future purchase obligations presented above primarily consist of commitments to purchase photovoltaic modules pursuant to the supply agreements with Maxeon Solar entered into on February 14, 2022 and December 31, 2022, as well as commitments to purchase Module-Level Power Electronics (“MLPEs”) supplied by one vendor. On April 5, 2023, we entered into a new Master Supply Agreement with Waaree Energies Ltd. for the purchase of various photo-voltaic modules and components to be used in our residential systems. The Master Supply Agreement will remain in effect until December 31, 2024. We review the terms of all our long-term supply agreements annually and assess the need for any accruals for estimated losses on adverse purchase commitments, such as lower of cost or net realizable value adjustments that will not be recovered by future sales prices, forfeiture of advanced deposits and liquidated damages, as necessary. Product Warranties The following table summarizes accrued warranty activities for the three months ended April 2, 2023 and April 3, 2022: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) (As Restated) Balance at the beginning of the period $ 74,751 $ 80,592 Accruals for warranties issued during the period 10,829 757 Settlements and adjustments during the period (5,078) (4,843) Balance at the end of the period $ 80,502 $ 76,506 Pursuant to the Definitive Agreement entered into by us and TotalEnergies Renewables in connection with the sale of our C&I Solutions business, we agreed to indemnify TotalEnergies Renewables for certain projects that were sold as part of our business prior to the sale. During the three months ended April 2, 2023, we recorded an additional $6.8 million of warranty expenses related to our indemnifications of TotalEnergies Renewables, respectively, which is included within “net (loss) income from discontinued operations attributable to stockholders” on our condensed consolidated statements of operations. Liabilities Associated with Uncertain Tax Positions Total liabilities associated with uncertain tax positions were $12.7 million and $12.3 million as of April 2, 2023 and January 1, 2023, respectively. These amounts are included within “other long-term liabilities” on our condensed consolidated balance sheets in their respective periods as they are not expected to be paid within the next 12 months. Due to the complexity and uncertainty associated with our tax positions, we cannot make a reasonably reliable estimate of the period in which cash settlement, if any, would be made for our liabilities associated with uncertain tax positions in other long-term liabilities. Indemnifications We are a party to various agreements under which we may be obligated to indemnify the counterparty with respect to certain matters. Typically, these obligations arise in connection with contracts and license agreements or the sale of assets, under which we customarily agree to hold the other party harmless against losses arising from a breach of warranties, representations and covenants related to such matters as title to assets sold, negligent acts, damage to property, validity of certain intellectual property rights, non-infringement of third-party rights, and certain tax-related matters including indemnification to customers under Section 48(c) of the Internal Revenue Code of 1986, as amended, regarding solar commercial investment tax credits (“ITCs”) and U.S. Treasury Department (“U.S. Treasury”) cash grant payments under Section 1603 of the American Recovery and Reinvestment Act (each a “Cash Grant”). Further, in connection with our sale of residential lease assets in fiscal 2018 to SunStrong, we provide Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong”) indemnification related to cash flow losses arising from a recapture of California property taxes on account of a change in ownership, recapture of federal tax attributes and cash flow losses from leases that do not generate the promised savings to homeowners. The maximum exposure to loss arising from the indemnification for SunStrong is limited to the consideration received for the solar power systems. In each of these circumstances, payment by us is typically subject to the other party making a claim to us that is contemplated by and valid under the indemnification provisions of the particular contract, which provisions are typically contract-specific, as well as bringing the claim under the procedures specified in the particular contract. These procedures typically allow us to challenge the other party’s claims or, in case of breach of intellectual property representations or covenants, to control the defense or settlement of any third-party claims brought against the other party. Further, our obligations under these agreements may be limited in terms of activity (typically to replace or correct the products or terminate the agreement with a refund to the other party), duration or amount. In some instances, we may have recourse against third parties or insurance covering certain payments made by us. In certain circumstances, we are contractually obligated to compensate customers and investors for losses they may suffer as a result of reductions in benefits received under ITCs and U.S. Treasury Cash Grant programs. The indemnity expires in conjunction with the statute of limitation and recapture periods in accordance with the underlying laws and regulations for such ITCs and related benefits. We apply for ITCs and Cash Grant incentives based on guidance provided by the Internal Revenue Service (“IRS”) and the U.S. Treasury, which include assumptions regarding the fair value of the qualified solar power systems, among others. Certain of our development agreements, sale-leaseback arrangements, and financing arrangements with tax equity investors incorporate assumptions regarding the future level of incentives to be received, which in some instances may be claimed directly by our customers and investors. Generally, such obligations would arise as a result of reductions to the value of the underlying solar power systems as assessed by the IRS. At each balance sheet date, we assess and recognize, when applicable, the potential exposure from these obligations based on all the information available at that time, including any audits undertaken by the IRS. The maximum potential future payments that we could have to make under this obligation would depend on the difference between the eligible basis claimed on the tax filing for the solar energy systems sold or transferred to indemnified parties and the values that the IRS may determine as the eligible basis for the systems for purposes of claiming ITCs or Cash Grants. We use the eligible basis for tax filing purposes determined with the assistance of independent third-party appraisals to determine the ITCs that are passed through to and claimed by the indemnified parties. We continue to retain certain indemnities, specifically, around ITCs, Cash Grants and California property taxes, even after the underlying portfolio of assets is sold to a third party. For contracts that have such indemnification provisions, we recognize a liability under ASC 460, Guarantees , for the estimated premium that would be required by a guarantor to issue the same guarantee in a standalone arm’s-length transaction with an unrelated party. We recognize such liabilities at the greater of the fair value of the indemnity or the contingent liability required to be recognized under ASC 450, Contingencies . We initially estimate the fair value of any such indemnities provided based on the cost of insurance policies that cover the underlying risks being indemnified and may purchase such policies to mitigate our exposure to potential indemnification payments. After an indemnification liability is recorded, we derecognize such amount typically upon expiration or settlement of the arrangement. As of April 2, 2023 and January 1, 2023, our provision was $8.2 million, primarily for tax-related indemnifications. In addition, as of April 2, 2023 and January 1, 2023, we retained an additional $4.9 million of tax-related indemnifications with TotalEnergies Renewables in connection with the sale of our C&I Solutions business, which is included within “accrued liabilities,” “contract liabilities,” and “other long-term liabilities” on our consolidated balance sheets. SunPower is party to various supply agreements with Hemlock Semiconductor Operations, LLC (f/k/a Hemlock Semiconductor Corporation) and its affiliate, Hemlock Semiconductor, LLC, (collectively, the “Hemlock Agreements”), for the procurement of polysilicon. In connection with the Spin-Off of Maxeon Solar, SunPower and Maxeon Solar entered into an agreement pursuant to which Maxeon Solar received the benefit of SunPower’s rights under the Hemlock Agreements (including SunPower’s deposits and advanced payments thereunder) and, in return, Maxeon Solar agreed to perform all of SunPower’s existing and future obligations under the Hemlock Agreements, including all take-or-pay obligations (the “Back-to-Back Agreement”). As of January 1, 2023, Maxeon Solar's commitment under the Hemlock Agreement was finalized. As of April 2, 2023, there are no further payment obligations remaining under the Hemlock Agreements or the Back-to-Back Agreement. Pursuant to the Separation and Distribution Agreement entered into by us and Maxeon Solar, we agreed to indemnify Maxeon Solar for any liabilities arising out of certain existing litigation relating to businesses contributed to Maxeon Solar in connection with the Spin-Off. We expect to be actively involved in managing this litigation together with Maxeon Solar. The indemnity qualifies for the criteria for accounting under the guidance in ASC 460, and we have recorded the liability of litigation of $3.5 million as of April 2, 2023. In addition, as of April 2, 2023, we have retained a total of $27.9 million of warranty reserves related to our indemnification with TotalEnergies Renewables in connection with the sale of our C&I Solutions business, which are included within “accrued liabilities” and “other long-term liabilities” on our condensed consolidated balance sheets. Legal Matters We are party to various litigation matters and claims, including but not limited to intellectual property, environmental, and employment matters, that arise from time to time in the ordinary course of our business. While we believe that the ultimate outcome of such matters will not have a material adverse effect on us, their outcomes are not determinable and negative outcomes may adversely affect our financial position, liquidity, or results of operations.

Equity Investments

Equity Investments	3 Months Ended
	Apr. 02, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments	EQUITY INVESTMENTS Our equity investments consist of equity investments with readily determinable fair value, investments without readily determinable fair value, and equity investments accounted for using the fair value option. Our share of earnings (losses) from equity investments accounted for under the equity method is reflected as “Equity in earnings (losses) of unconsolidated investees” in our condensed consolidated statements of operations. Mark-to-market gains and losses on equity investments with readily determinable fair value are reflected as “other, net” under other income (expense), net in our condensed consolidated statements of operations. The carrying value of our equity investments, classified as “short-term investments” and “other long-term assets” on our condensed consolidated balance sheets, are as follows: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Equity investments with readily determinable fair value: Enphase Energy, Inc. $ — $ 132,480 Total equity investments with readily determinable fair value — 132,480 Equity investments without readily determinable fair value: OhmConnect investment 5,000 5,000 Equity method investments under the Dealer Accelerator Program 26,066 26,419 Other equity investments without readily determinable fair value 280 280 Total equity investments without readily determinable fair value 31,346 31,699 Equity investments with FVO: SunStrong Capital Holdings, LLC 9,871 9,871 Dorado Development Partners, LLC 9,626 8,173 SunStrong Partners, LLC 302 302 Total equity investment with FVO 19,799 18,346 Total equity investments $ 51,145 $ 182,525 Equity investments without readily determinable fair value In February 2022, we made an equity investment in OhmConnect, Inc. (“OhmConnect”). We accounted for the investment as an equity investment without readily determinable fair value in accordance with the guidance in ASC 321, Investments - Equity Securities . In fiscal 2022, we launched our Dealer Accelerator Program to help speed the adoption of renewable energy across the U.S. by making minority investments in solar dealers to advance their growth in coordination with the rapid growth of their direct business. As part of the program, dealers receive preferred access to SunPower solar, EV charging equipment, battery storage, and financial products offerings. In addition, we provide the dealers with enhanced lead generation and business strategy support. During fiscal 2022, we entered into four equity investments as part of the Dealer Accelerator Program. The equity investments made were in Sea Bright Solar, Inc. of $2.0 million for an equity interest of 20.0%, Freedom Solar Holdings, LLC, of $9.4 million for an equity interest of 4.5%, EmPower CES, LLC of $6.0 million for an equity interest of 20.0% and Renova Energy Corp. of $8.5 million for an equity interest of 10.6%. All of these equity investments were accounted for as equity method investments without readily determinable fair value in accordance with the guidance in ASC 323, Investments - Equity Method and Joint Ventures , given the material intra-entity transactions that exist under our exclusive supplier agreements as a result of our investments. We recognize our earnings from our equity method investments in the fiscal quarter after the corresponding earnings are recognized by the investee, and recorded earnings from equity method investments of $0.2 million during the three months ended April 2, 2023, as compared to no earnings or losses from equity method investments during the three months ended April 3, 2022. In addition, during the three months ended April 2, 2023, we received a dividend from one of our investees in the amount of $0.5 million. Variable Interest Entities (“VIEs”) A VIE is an entity that has either (i) insufficient equity to permit the entity to finance its activities without additional subordinated financial support, or (ii) equity investors who lack the characteristics of a controlling financial interest. We follow guidance on the consolidation of VIEs that requires companies to utilize a qualitative approach to determine whether it is the primary beneficiary of a VIE. The process for identifying the primary beneficiary of a VIE requires consideration of the factors that indicate a party has the power to direct activities that most significantly impact the investees' economic performance, including powers granted to the investees' governing board and, to a certain extent, a company's economic interest in the investee. We analyze our investments in VIEs and classify them as either unconsolidated VIEs or consolidated VIEs (refer to our Form 10-K/A for the fiscal year ended January 1, 2023 for further details on our various VIE arrangements). Unconsolidated VIEs In March 2022, we entered into a joint venture with Hannon Armstrong and SunStrong to form Dorado DevCo, a jointly-owned entity, to hold our residential lease solar power projects. Similar to our prior joint ventures for residential lease assets, SunPower and Hannon Armstrong will make total capital contributions of up to $7.9 million into Dorado DevCo for 50% effective equity interest, each. SunStrong, our existing joint venture with Hannon Armstrong, was appointed as a manager of the entity. We also entered into a development asset purchase agreement to provide development services for solar power systems sold into the fund. With respect to our interest in Dorado DevCo, we determined there is not sufficient equity at risk in the joint venture, thus, we determined the joint venture is a VIE as considered under the guidance in ASC 810 . Based on the assessment of the required criteria for consolidation, we determined that SunStrong, as the manager of Dorado DevCo, has the power to make decisions over activities that significantly affect Dorado DevCo and subsidiaries. We and Hannon Armstrong do not have the power to unilaterally make decisions that affect the performance of the investee, and we do not have kick-out rights to unilaterally buyout the other party's equity interests, while Hannon Armstrong has a right to purchase our equity interest of the investee. In addition, much of our exposure to absorb the losses of the VIE that could potentially be significant to the VIE, or the right to receive the economic interest from the VIE, is in our capacity as a developer and service provider, where we provide development services at market terms. Therefore, we concluded we are not the primary beneficiary of the investee, and we do not consolidate. During the three months ended April 2, 2023, we made a $1.5 million capital contribution in the equity method investee. The investment contributed to our equity investment balance in SunStrong and is classified in “other long-term assets” on our condensed consolidated balance sheets. We have elected the FVO in accordance with the guidance in ASC 825, Financial Instruments , for our investments in SunStrong, SunStrong Partners, and Dorado DevCo, our unconsolidated VIEs. Refer to Note 7. Fair Value Measurements . Summarized Financial Information of Unconsolidated VIEs The following tables present summarized consolidated financial statements for SunStrong, a significant investee, based on unaudited information provided to us by the investee: 1 Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Summarized statements of operations information: Revenues $ 38,973 $ 36,156 Net (loss) income (1,810) (974) Net income (loss) attributable to parents 2,537 1,753 As of (In thousands) April 2, 2023 January 1, 2023 Summarized balance sheet information: Current assets $ 91,007 $ 88,561 Long-term assets 1,793,244 1,823,437 Current liabilities 66,032 94,414 Long-term liabilities 1,361,904 1,378,462 1 Note that amounts are reported one quarter in arrears as permitted by applicable guidance. Related-Party Transactions with Investees Related-party transactions and balances with SunStrong, SunStrong Partners, Dorado DevCo, and our dealer accelerator equity investees are as follows: As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 30,922 $ 33,864 Prepaid expenses and other current assets 4,239 3,959 Other long-term assets 6,549 6,549 Accounts payable 299 165 Accrued liabilities 178 97 Contract liabilities 93,792 63,504 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Revenues and fees received from investees for products/services $ 85,291 $ 42,122 Consolidated VIEs For Solar Sail, LLC ( “ Solar Sail ” ) and Solar Sail Commercial Holdings, LLC ( “ Solar Sail Commercial ” ), joint ventures with Hannon Armstrong, our consolidated VIEs, total revenue was $4.2 million and $4.3 million for the three months ended April 2, 2023 and April 3, 2022, respectively. The assets of these consolidated VIEs are restricted for use only by the particular investee and are not available for our general operations. As of April 2, 2023, we had $24.4 million of assets from the consolidated VIEs.

Debt and Credit Sources

Debt and Credit Sources	3 Months Ended
	Apr. 02, 2023
Debt Disclosure [Abstract]
Debt and Credit Sources	DEBT AND CREDIT SOURCES The following table summarizes our outstanding debt on our condensed consolidated balance sheets: April 2, 2023 January 1, 2023 (As Restated) (As Restated) (In thousands) Face Value Short-term Long-term Total 1 Face Value Short-term Long-term Total 1 Recourse Debt: 4.00% convertible debentures due 2023 2 $ — $ — $ — $ — $ 424,991 $ 424,919 $ — $ 424,919 Revolver and Term Loan Facility 193,750 33,920 155,674 189,594 — — — — Other Debt 22,930 22,930 — 22,930 11,733 11,733 — 11,733 Total recourse debt $ 216,680 $ 56,850 $ 155,674 $ 212,524 $ 436,724 $ 436,652 $ — $ 436,652 Non-Recourse Debt: Credit Suisse Warehouse Loan $ 69,298 $ 68,429 $ — $ 68,429 $ 71,577 $ 70,443 $ — $ 70,443 Other Debt 360 65 295 360 371 64 308 372 Total non-recourse debt 69,658 68,494 295 68,789 71,948 70,507 308 70,815 Total $ 286,338 $ 125,344 $ 155,969 $ 281,313 $ 508,672 $ 507,159 $ 308 $ 507,467 1 Refers to the total carrying value of the outstanding debt arrangement. 2 On January 17, 2023, we repaid the remaining outstanding principal amount of $425.0 million of our 4.00% debentures due 2023. As of April 2, 2023, the aggregate future contractual maturities of our outstanding debt, at face value, were as follows: (In thousands) (as restated) Fiscal 2023 (remaining nine months) Fiscal 2024 Fiscal 2025 Fiscal 2026 Fiscal 2027 Thereafter Total Aggregate future maturities of outstanding debt $ 96,025 $ 5,068 $ 5,071 $ 5,075 $ 175,079 $ 20 $ 286,338 October 2021 Letter of Credit Facility with Bank of the West In October 2021, we entered into a letter of credit facility with Bank of the West which provides for the issuance, upon our request, of letters of credit to support our obligations in an aggregate amount not to exceed $25.0 million. The letter of credit issued under the facility is 50% cash secured, and we have entered into a security agreement with Bank of the West granting them a security interest in a cash collateral account established for this purpose. As of April 2, 2023, letters of credit issued and outstanding under the Bank of the West facility totaled $24.3 million, which were collateralized with $12.5 million of restricted cash on the condensed consolidated balance sheets. Loan Facility with Credit Suisse AG On June 30, 2022, we entered into a loan and security purchase agreement with Credit Suisse AG, New York Branch, and other financial institutions, to finance our retail installment contract receivables. The agreement provided for a $100.0 million delayed draw term loan which will mature on December 29, 2023. In connection with the loan agreement, we have established a special purpose entity acting as the borrower under the facility. The loans under the agreement bear interest at a rate as adjusted by the benchmark adjustment, as defined in the term loan agreement, or the base rate plus the applicable margin for such loans. In addition, we also entered into an interest rate swap under the agreement, which converts the floating rate loan to a fixed rate. The swap terminates in March of 2024, unless we terminate early with the maturity of the loan, subject to any early termination costs. The term loan agreement contains customary representations and warranties as well as customary affirmative and negative covenants, including a covenant that any assets of the special purpose borrowing entity will not be available to other creditors of any of our other SunPower entities. As of April 2, 2023, we had $69.3 million borrowings outstanding under the term loan facility, of which $0.0 million is being held in a Liquidity Reserve Account, in accordance with the loan and security purchase agreement, and is collateralized with restricted cash on the condensed consolidated balance sheets as of April 2, 2023. All borrowings outstanding under the term loan facility have a weighted average interest rate of between 5.4% to 6.4%. Revolver and Term Loan Facility with Bank of America and Bank of the West On September 12, 2022, we entered into a Credit Agreement with BofA Securities, Inc. and Bank of the West, as joint lead arrangers and joint bookrunners, and Bank of America, N.A., as Administrative Agent, Collateral Agent, Swingline Lender, and an L/C Issuer. The Credit Agreement consists of a revolving credit facility (the “Revolver”) and a term loan facility (“Term Loan Facility” and, together with the Revolver, the “Facilities”), each facility providing for an aggregate principal amount of $100 million. The Credit Agreement was amended on January 26, 2023, and provided for, among other things, an increase of the Revolver commitments by $100.0 million (the “Increased Revolving Commitments”), including CitiBank, N.A. and JP Morgan Chase Bank, N.A. as the 2023 Incremental Revolving Lenders’. The Increased Revolving Commitments are governed by the same terms and conditions applicable to the Revolver commitments under the Credit Agreement prior to the effectiveness of the Amendment. The Revolver and Term Loan Facility both mature on September 12, 2027. The interest rate for borrowings under the Facilities is based on, at the Company's option, either (1) the highest of (a) the Federal Funds Rate plus 0.50%, and (b) Bank of America's “prime rate” and (c) SOFR plus a margin, or (2) SOFR plus a margin. A commitment fee of between 0.25% and 0.35%, depending on our Total Net Leverage Ratio, is payable quarterly on the undrawn portion of the Revolver. The Credit Agreement contains affirmative and negative covenants customarily applicable to senior secured credit facilities, including covenants restricting the ability of the Company and certain of our subsidiaries, subject to negotiated exceptions, to: incur additional indebtedness; create liens or guarantee obligations; enter into sale-leaseback transactions; merge, liquidate or dispose of assets; make acquisitions or other investments; enter into hedging agreements; pay dividends and make other distributions and engage in transactions with affiliates. Under the Credit Agreement, the Company's Restricted Subsidiaries may not invest cash or property in, or loan to, our Unrestricted Subsidiaries amounts exceeding the limitations set forth in the Credit Agreement. As of April 2, 2023, we had borrowings of $98.8 million and $95.0 million under the Term Loan Facility and Revolver, respectively. The interest rate for the borrowings is SOFR plus a margin. In addition, as of April 2, 2023, we had no issued but undrawn letters of credit outstanding under the Facilities. The letters of credit have a maximum aggregate amount that can be issued of $50.0 million, which is included within the total principal amount of the Revolver facility.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Apr. 02, 2023
Related Party Transactions [Abstract]
Related-Party Transactions	TRANSACTIONS WITH TOTAL AND TOTALENERGIES SE In June 2011, Total completed a cash tender offer to acquire 60% of our then outstanding shares of common stock at a price of $23.25 per share, for a total cost of approximately $1.4 billion. In December 2011, we entered into a Private Placement Agreement with Total, under which Total purchased, and we issued and sold, 18.6 million shares of our common stock for a purchase price of $8.80 per share, thereby increasing Total's ownership to approximately 66% of our outstanding common stock as of that date. On May 24, 2022, Total and Total Gaz (collectively, “Sellers”) agreed to sell 50% less one unit of the equity interests in HoldCo, which upon closing of such transaction would be the record holder of all of the shares of our common stock held by Sellers, to GIP Sol (and such transaction, the “Transaction”). On September 12, 2022, Sellers closed the Transaction. In connection with the completion of the Transaction, TotalEnergies Renewables, GIP Sol, and HoldCo entered into a Letter Agreement, dated September 12, 2022, concerning certain governance rights with respect to HoldCo and the shares of our common stock held directly by HoldCo. Specifically, TotalEnergies Renewables and GIP Sol agreed to, among other things, take all actions necessary to cause HoldCo to designate and elect to our board of directors (the “Board”) such individuals as HoldCo is entitled to appoint pursuant to the Affiliation Agreement; provided, however, that for so long as HoldCo is entitled to appoint at least five directors to our Board, GIP Sol shall have the right to appoint two of such five directors. The Letter Agreement also contained certain provisions on voting and on the transfer of HoldCo interests and common stock of the Company. As of April 2, 2023, ownership of our outstanding common stock by TotalEnergies SE and its affiliates, and GIP Sol, was 50.3%. Sale of C&I Solutions Business On May 31, 2022, pursuant to the terms of the Definitive Agreement we signed with TotalEnergies Renewables on February 6, 2022, TotalEnergies Renewables acquired all of the issued and outstanding common stock of our C&I Solutions business. The preliminary purchase price of $190.0 million was subject to certain adjustments, including cash, indebtedness, and an estimated closing date working capital adjustment. Upon closing, we received net cash consideration of $149.2 million based on the estimated net assets of the business on that date. As of the third quarter of fiscal 2022, we recorded a payable of $7.0 million to Total, based on our review of the closing date working capital and our submission of the Closing Statement. On October 25, 2022, we received a notice of disagreement from TotalEnergies Renewables with respect to the Closing Statement. As set forth in the Definitive Agreement, we appointed an independent accountant to adjudicate the amount owed under the Closing Statement. On April 12, 2023, the independent accountant issued its final and binding determination with respect to the disputed items and an additional $23.9 million was deemed in favor of TotalEnergies Renewables. We have recorded a payable of $30.9 million within “accrued liabilities” in our condensed consolidated balance sheets as of April 2, 2023, and such amount was paid on April 19, 2023. Affiliation Agreement In April 2011, we and Total entered into an Affiliation Agreement that governs the relationship between Total and us (the “Affiliation Agreement”). Until the expiration of a standstill period specified in the Affiliation Agreement (the “Standstill Period”), and subject to certain exceptions, Total, TotalEnergies SE, and any of their respective affiliates and certain other related parties (collectively, the “Total Group”) may not effect, seek, or enter into discussions with any third party regarding any transaction that would result in the Total Group beneficially owning our shares in excess of certain thresholds, or request us or our independent directors, officers, or employees to amend or waive any of the standstill restrictions applicable to the Total Group. The Standstill Period ends when Total holds less than 15% ownership of us. The Affiliation Agreement imposes certain limitations on the Total Group’s ability to seek to effect a tender offer or merger to acquire 100% of our outstanding voting power and imposes certain limitations on the Total Group's ability to transfer 40% or more of our outstanding shares or voting power to a single person or group that is not a direct or indirect subsidiary of TotalEnergies SE. During the Standstill Period, no member of the Total Group may, among other things, solicit proxies or become a participant in an election contest relating to the election of directors to our Board. The Affiliation Agreement provides Total with the right to maintain its percentage ownership in connection with any new securities issued by us, and Total may also purchase shares on the open market or in private transactions with disinterested stockholders, subject in each case to certain restrictions. The Affiliation Agreement also imposes restrictions with respect to our and our Board’s ability to take certain actions, including specifying certain actions that require approval by the directors other than the directors appointed by Total and other actions that require stockholder approval by Total. On April 19, 2021, we entered into an amendment to the Affiliation Agreement with Total (the “April Affiliation Agreement Amendment”). The April Affiliation Agreement Amendment provided that our Board would include eleven members, composed of our president and chief executive officer, our immediate past chief executive officer, (“Mr. Werner ” ), six directors designated by Total, and three non-Total-designated directors. If the ownership of our voting securities by Total, together with the controlled subsidiaries of TotalEner gies SE, declined below certain thresholds, the number of members of the Board that Total was entitled to designate would be reduced as set forth in the Affiliation Agreement. Pursuant to the April Affiliation Agreement Amendment, Mr. Werner resigned from his position as a member of the Board on November 1, 2021. On October 29, 2021, we entered into an additional amendment to the Affiliation Agreement (the “October Affiliation Agreement Amendment”), which provided that our Board would re main at eleven members until March 31, 2022 and allowed for the appointme nt of one additional independent director to fill the vacancy created by Mr. Werner’s resignation from the Board, which was filled as of December 31, 2021. The October Affiliation Agreement Amendment further provided that, after March 31, 2022, the Board would revert to nine members, at which time one independent director and one Total designee would resign from the Board. As previously disclosed, on March 31, 2022, one independent director and one Total designee resigned from the Board, and the Board reverted to nine members as of such date. In accordance with the Letter Agreement entered into by TotalEnergies Renewables, GIP Sol, and HoldCo on September 12, 2022, GIP had the right to appoint two designees to our Board. On September 23, 2022, two Total designees resigned from the Board, and on September 26, 2022, the Board appointed two GIP designees. 4.00% Debentures Due 2023 In December 2015, we issued $425.0 million in principal amount of our 4.00% debentures due 2023. An aggregate principal amount of $100.0 million of the 4.00% debentures due 2023 was acquired by Total. On January 17, 2023, we repaid the outstanding principal amount of $425.0 million of our 4.00% debentures due 2023, $100.0 million of which was held by TotalEnergies, as well as the remaining interest on the 4.00% debentures due 2023 of $8.5 million which was payable upon maturity. Related-Party Transactions with Total and Its Affiliates: The following are balances and transactions entered into with Total and its affiliates. As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 489 $ 489 Prepaid expenses and other current assets 2,756 2,898 Other long-term assets 505 1,284 Accrued liabilities 31,055 8,033 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Other income: (Income) expense from transition services agreement, net $ (249) $ — Interest expense: Interest expense incurred on the 4.00% debentures due 2023 171 1,000 RELATED-PARTY TRANSACTIONS In connection with the Spin-Off of Maxeon Solar, we entered into certain agreements with Maxeon Solar, including a transition services agreement, supply agreement, and collaboration agreement. On June 8, 2022, we entered into a First Amendment to the Cross License Agreement with Maxeon Solar to amend the Cross License Agreement that we entered into in connection with the Spin-off. The below table summarizes our transactions with Maxeon Solar for the three months ended April 2, 2023: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Purchases of photo-voltaic modules (recorded in cost of revenues) $ 70,458 $ 72,459 Research and development expenses reimbursement received 464 9,474 Income (expense) from transition services agreement, net (25) (266) Sublease income (recorded in sales, general, and administrative expense) 468 — We had the following balances related to transactions with Maxeon Solar as of April 2, 2023: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) Prepaid and other current assets $ 445 $ 607 Accrued liabilities 8,004 11,239 Accounts payable 43,355 38,486 Other long-term liabilities 1,458 1,458 Refer to Note 3. Transactions with Total and TotalEnergies SE. for related-party transactions with Total and its affiliates and to Note 9. Equity Investments for related-party transactions with SunStrong, SunStrong Partners, Dorado DevCo, and our dealer accelerator equity investees.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 02, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES In the three months ended April 2, 2023, our income tax provision of $1.3 million o n a loss from co ntinuing operations before income taxes and equity in earnings of unconsolidated investees of $46.1 million, was primarily due to discrete items including taxes on realized gains from sale of equity investments and accrual of interest and penalties on prior year uncertain tax positions. Our income tax benefit of $8.1 million in the three months ended April 3, 2022 on a loss from continuing operations before income taxes of $15.7 million was primarily due to the reversal of deferred taxes previously accrued for California as a result of the enactment of Senate Bill 113 which restored the ability to utilize net operating losses in 2022. During the three months ended April 2, 2023, in accordance with FASB guidance for interim reporting of income tax, our annual effective tax rate was computed based on year-to-date results. The income tax differs from the amounts computed by applying the statutory income tax rate to the loss from continuing operations before income tax primarily as a result of our valuation allowance and discrete items recorded during the quarter. Our income tax benefit on the loss from discontinued operations before income taxes of $7.4 million for the three months ended April 2, 2023 , was $0.1 million . In the three months ended April 3, 2022 , our income tax benefit of $0.3 million on a loss from discontinued operations before income taxes of $26.3 million was primarily due to the state tax benefit of year-to-date operating losses of the C&I Solutions business. Total liabilities associated with u ncertain tax positions were $12.7 million and $12.3 million as of April 2, 2023 and January 1, 2023, respectively. The increase of $0.4 million was primarily due to foreign exchange rate change for non-U.S. liabilities, the accrual of additional state liabilities, and interest and penalties on existing reserves. On August 16, 2022, the Inflation Reduction Act of 2022 (“IRA”) was signed into law by President Joe Biden. The IRA includes, among other provisions, a 15% minimum tax based on “adjusted financial statement income” exceeding $1.0 billion and a 1% excise tax on net repurchases of stock after December 31, 2022. We do not anticipate that these provisions of the IRA will have an impact on our business.

Net (Loss) Income Per Share

Net (Loss) Income Per Share	3 Months Ended
	Apr. 02, 2023
Earnings Per Share [Abstract]
Net (Loss) Income Per Share	NET (LOSS) INCOME PER SHARE We calculate basic net (loss) income per share by dividing earnings allocated to common stockholders by the basic weighted-average number of common shares outstanding for the period. Diluted weighted-average shares is computed by using the basic weighted-average number of common shares outstanding plus any potentially dilutive securities outstanding during the period using the if-converted method, except when their effect is anti-dilutive. Potentially dilutive securities include restricted stock units and the outstanding senior convertible debentures. The guidance in ASC 260, Earnings Per Share, requires that companies use income from continuing operations as a “ control number ” or benchmark to determine whether potential common shares are dilutive or antidilutive. When calculating discontinued operations, we used the same number of potential common shares used in computing the diluted per-share amount of income from continuing operations in computing all other reported diluted per-share amounts, even if the effect will be antidilutive compared to their respective basic per-share amounts. The following table presents the calculation of basic and diluted net (loss) income per share attributable to stockholders: Three Months Ended April 2, 2023 April 3, 2022 (In thousands, except per share amounts) (As Restated) (As Restated) Basic and diluted net (loss) income per share: Numerator: Net (loss) income attributable to stockholders - continuing operations 1 $ (47,354) $ (7,183) Net (loss) income attributable to stockholders - discontinued operations (7,282) (25,715) Net (loss) income attributable to stockholders $ (54,636) $ (32,898) Denominator: Basic weighted-average common shares 174,528 173,376 Basic and dilutive net (loss) income per share - continuing operations $ (0.27) $ (0.04) Basic and dilutive net (loss) income per share - discontinued operations (0.04) (0.15) Basic and dilutive net (loss) income per share $ (0.31) $ (0.19) 1 There was no add back of interest expense for the convertible debentures or effect of dilutive securities for the three months ended April 2, 2023 and April 3, 2022. . The following is a summary of outstanding anti-dilutive potential common stock that was excluded from diluted net income per share attributable to stockholders in the following periods: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Restricted stock units 2,808 3,035 4.00% debentures due 2023 3,001 17,068

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Apr. 02, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The following table summarizes the consolidated stock-based compensation expense by line item in our condensed consolidated statements of operations: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Cost of revenues $ 1,249 $ 955 Research and development 528 569 Sales, general, and administrative 5,100 3,877 Total stock-based compensation expense $ 6,877 $ 5,401

Subsequent Events

Subsequent Events	3 Months Ended
	Apr. 02, 2023
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS In April 2023, to support the expansion of our residential solar and storage loan funding capacity, we entered into a series of agreements to sell solar loan receivables to a special-purpose entity in our existing joint venture, SunStrong, with Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI”). Under the agreements, we have secured financing commitments to fund more than $450.0 million for our residential solar and storage loan program, including a $300.0 million revolving credit facility from Credit Agricole Corporate & Investment Bank (“CA-CIB”). The CA-CIB credit revolver serves as a warehouse facility for SunStrong to temporarily finance solar assets prior to arranging long-term financings, such as asset-backed securities. The revolving warehouse facility will allow SunStrong to fund the acquisition of solar loans entered into by SunPower Financial's customers and issue asset-backed securities on an ongoing basis. In May 2023, to further support the expansion of our residential solar and storage loan funding capacity, we also entered into a series of agreements to sell solar loan receivables to a newly created special-purpose trust beneficially owned by one or more affiliates of KKR Credit Advisors (US) LLC (“KKR Credit”). Under the agreements, we have secured financing commitments to fund up to $550.0 million for our residential solar and storage loan program over a 15-month term, with annual renewal options.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 02, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements have been prepared by us in accordance with generally accepted accounting principles in the United States (“United States” or “U.S.,” and such accounting principles, “U.S. GAAP”) for interim financial information, and include the accounts of SunPower, all of our subsidiaries and special purpose entities, as appropriate under U.S. GAAP. All intercompany transactions and balances have been eliminated in consolidation. The financial information included herein is unaudited, and reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair statement of the results for the periods presented. The January 1, 2023 consolidated balance sheet data was derived from SunPower’s audited consolidated financial statements included in our Annual Report on Form 10-K/A for the fiscal year ended January 1, 2023, as filed with the Securities and Exchange Commission (“SEC”) on December 18, 2023, but does not include all disclosures required by U.S. GAAP. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in SunPower's Annual Report on Form 10-K/A for the fiscal year ended January 1, 2023. The operating results for the three months ended April 2, 2023 are not necessarily indicative of the results that may be expected for fiscal year 2023, or for any other future period.
Fiscal Periods	We have a 52-to-53-week fiscal year that ends on the Sunday closest to December 31. Accordingly, every fifth or sixth year will be a 53-week fiscal year. Both the current fiscal year, fiscal 2023, and prior fiscal year, fiscal 2022, are 52-week fiscal years. The first quarter of fiscal 2023 ended on April 2, 2023, while the first quarter of fiscal 2022 ended on April 3, 2022.
Management Estimates	Management Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities reported in these condensed consolidated financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. Our actual financial results could materially differ from those estimates. Significant estimates in these condensed consolidated financial statements include revenue recognition, specifically nature and timing of satisfaction of performance obligations, standalone selling price of performance obligations, and variable consideration; credit losses, including estimating macroeconomic factors affecting historical recovery rate of receivables; inventory write-downs; long-lived assets and goodwill impairment, specifically estimates for valuation assumptions including discount rates and future cash flows; fair value of investments, including equity investments for which we apply the fair value option and other financial instruments; actuarial estimates related to our self-insured health benefits; valuation of goodwill and intangible assets acquired in a business combination; valuation of contingent consideration in a business combination; valuation of contingencies such as warranty and litigation; the incremental borrowing rate used in discounting of lease liabilities; the fair value of indemnities provided to customers and other parties; and income taxes and tax valuation allowances.
Segment Information	Segment Information We operate in a single operating segment, providing solar power systems and services to residential customers. While our chief executive officer, as the chief operating decision maker (“CODM”), reviews financial information by different functions and revenue streams, he considers the business on a consolidated basis for purposes of allocating resources and reviewing overall business performance.

Restatement of Previously Iss_2

Restatement of Previously Issued Condensed Consolidated Financial Statements (Tables)	3 Months Ended
	Apr. 02, 2023
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	In the following tables, we have presented a reconciliation of our condensed consolidated balance sheets, statements of operations, and cash flows as previously reported for these periods to the restated and revised amounts. Summary of Restatement - Condensed Consolidated Balance Sheets April 2, 2023 January 1, 2023 (In thousands) As Previously Reported Restatement Impacts Restatement Reference As Restated As Previously Reported Restatement Impacts Restatement Reference As Restated Assets Current assets: Cash and cash equivalents $ 116,478 $ — $ 116,478 $ 377,026 $ — $ 377,026 Restricted cash and cash equivalents, current portion 9,634 837 e 10,471 9,855 813 e 10,668 Short-term investments — — — 132,480 — 132,480 Accounts receivable, net 194,231 3,267 e 197,498 174,577 (4,903) e 169,674 Contract assets 58,610 — 58,610 50,692 6,378 d 57,070 Inventories 381,847 (21,395) a, e 360,452 316,815 (21,084) a, e 295,731 Advances to suppliers, current portion 12,508 2,750 a 15,258 9,309 2,750 a 12,059 Prepaid expenses and other current assets 212,970 850 a, e 213,820 197,760 51 a, d, e 197,811 Total current assets 986,278 (13,691) 972,587 1,268,514 (15,995) 1,252,519 Restricted cash and cash equivalents, net of current portion 15,158 3,752 e 18,910 15,151 3,661 e 18,812 Property, plant and equipment, net 82,117 1,960 e 84,077 74,522 1,951 e 76,473 Operating lease right-of-use assets 36,302 — 36,302 36,926 — 36,926 Solar power systems leased, net 40,768 — 40,768 41,779 — 41,779 Goodwill 126,338 (340) e 125,998 126,338 (340) e 125,998 Other intangible assets, net 22,435 — 22,435 24,192 — 24,192 Other long-term assets 183,015 (6,075) e 176,940 192,585 (5,658) e 186,927 Total assets $ 1,492,411 $ (14,394) $ 1,478,017 $ 1,780,007 $ (16,381) $ 1,763,626 Liabilities and Equity Current liabilities: Accounts payable $ 225,143 $ (1,449) a $ 223,694 $ 242,229 $ 910 a, e $ 243,139 Accrued liabilities 164,210 3,225 a, e 167,435 145,229 2,890 a, e 148,119 Operating lease liabilities, current portion 11,589 — 11,589 11,356 — 11,356 Contract liabilities, current portion 161,289 1,054 e 162,343 144,209 (2,346) e 141,863 Short-term debt 121,473 3,871 e 125,344 82,404 (164) e 82,240 Convertible debt, current portion — — — 424,919 — 424,919 Total current liabilities 683,704 6,701 690,405 1,050,346 1,290 1,051,636 Long-term debt 155,969 — 155,969 308 — 308 Operating lease liabilities, net of current portion 28,362 — 28,362 29,347 — 29,347 Contract liabilities, net of current portion 11,305 34 e 11,339 11,555 33 e 11,588 Other long-term liabilities 109,782 2,432 e 112,214 112,797 1,905 e 114,702 Long-term liabilities of discontinued operations — — — — — — Total liabilities 989,122 9,167 998,289 1,204,353 3,228 1,207,581 Commitments and contingencies (Note 8) Equity: Preferred stock — — — — — — Common stock 175 — 175 174 — 174 Additional paid-in capital 2,839,233 — 2,839,233 2,855,930 — 2,855,930 Accumulated deficit (2,116,859) (23,561) a, d, e (2,140,420) (2,066,175) (19,609) a, d, e (2,085,784) Accumulated other comprehensive income 11,573 — 11,573 11,568 — 11,568 Treasury stock, at cost (231,717) — (231,717) (226,646) — (226,646) Total stockholders' equity 502,405 (23,561) 478,844 574,851 (19,609) 555,242 Noncontrolling interests in subsidiaries 884 — 884 803 — 803 Total equity 503,289 (23,561) 479,728 575,654 (19,609) 556,045 Total liabilities and equity $ 1,492,411 $ (14,394) $ 1,478,017 $ 1,780,007 $ (16,381) $ 1,763,626 Summary of Restatement - Condensed Consolidated Statements of Operations Three Months Ended April 2, 2023 April 3, 2022 (In thousands, except per share data) As Previously Reported Restatement Impacts Restatement Reference As Restated As Previously Reported Restatement Impacts Restatement Reference As Restated Total revenues $ 440,878 $ (6,611) d, e $ 434,267 $ 350,277 $ (159) e $ 350,118 Total cost of revenues 376,767 (23,538) a-e 353,229 277,968 (9,695) a, b, e 268,273 Gross profit 64,111 16,927 81,038 72,309 9,536 81,845 Operating expenses: Research and development 7,247 — 7,247 5,010 161 e 5,171 Sales, general, and administrative 90,881 13,437 b, c, e 104,318 76,996 10,871 b, e 87,867 Restructuring charges (credits) — — — 627 — 627 (Income) expense from transition services agreement, net (224) — (224) 266 — 266 Total operating expenses 97,904 13,437 111,341 82,899 11,032 93,931 Operating (loss) income (33,793) 3,490 (30,303) (10,590) (1,496) (12,086) Other (expense) income, net: Interest income 831 — 831 42 — 42 Interest expense (5,678) — (5,678) (5,044) (7) e (5,051) Other, net (10,983) — (10,983) 1,444 — 1,444 Other (expense) income, net (15,830) — (15,830) (3,558) (7) (3,565) (Loss) income from continuing operations before income taxes and equity in earnings (losses) of unconsolidated investees (49,623) 3,490 (46,133) (14,148) (1,503) (15,651) (Provision for) benefits from income taxes (1,227) (101) e (1,328) 11,643 (3,514) e 8,129 Equity in earnings (losses) of unconsolidated investees 247 (59) e 188 — — — Net (loss) income from continuing operations (50,603) 3,330 (47,273) (2,505) (5,017) (7,522) (Loss) income from discontinued operations before income taxes and equity in earnings (losses) of unconsolidated investees — (7,360) c (7,360) (26,298) — (26,298) Benefits from (provision for) income taxes from discontinued operations — 78 e 78 343 (10) e 333 Net (loss) income from discontinued operations — (7,282) (7,282) (25,955) (10) (25,965) Net (loss) income (50,603) (3,952) (54,555) (28,460) (5,027) (33,487) Net (income) loss from continuing operations attributable to noncontrolling interests (81) — (81) 339 — 339 Net loss (income) from discontinued operations attributable to noncontrolling interests — — — 250 — 250 Net (income) loss attributable to noncontrolling interests (81) — (81) 589 — 589 Net (loss) income from continuing operations attributable to stockholders (50,684) 3,330 (47,354) (2,166) (5,017) (7,183) Net (loss) income from discontinued operations attributable to stockholders — (7,282) (7,282) (25,705) (10) (25,715) Net (loss) income attributable to stockholders $ (50,684) $ (3,952) $ (54,636) $ (27,871) $ (5,027) $ (32,898) Net (loss) income per share attributable to stockholders - basic and diluted: Continuing operations $ (0.29) $ 0.02 a, c, d, e $ (0.27) $ (0.01) $ (0.03) a, e $ (0.04) Discontinued operations $ — $ (0.04) c, e $ (0.04) $ (0.15) $ — e $ (0.15) Net (loss) income per share - basic and diluted $ (0.29) $ (0.02) a, d, e $ (0.31) $ (0.16) $ (0.03) a, e $ (0.19) Weighted-average shares: Basic 174,528 — 174,528 173,376 — 173,376 Diluted 174,528 — 174,528 173,376 — 173,376 Summary of Restatement - Condensed Consolidated Statements of Cash Flows Three Months Ended April 2, 2023 April 3, 2022 (In thousands) As Previously Reported Restatement Impacts Restatement Reference As Restated As Previously Reported Restatement Impacts Restatement Reference As Restated Cash flows from operating activities: Net (loss) income $ (50,603) $ (3,952) a, d, e $ (54,555) $ (28,460) $ (5,027) a, e $ (33,487) Adjustments to reconcile net (loss) income to net cash used in operating activities: Depreciation and amortization 9,989 280 e 10,269 4,170 143 e 4,313 Amortization of cloud computing arrangements 1,673 67 e 1,740 495 22 e 517 Stock-based compensation 6,877 — 6,877 5,427 — 5,427 Amortization of debt issuance costs 617 — 617 726 — 726 Equity in (earnings) losses of unconsolidated investees (247) 59 e (188) — — — Loss (gain) on equity investments 10,805 — 10,805 (1,315) — (1,315) Unrealized loss (gain) on derivatives 3,334 — 3,334 — — — Dividend from equity method investees 371 — 371 — — — Deferred income taxes (815) — (815) (13,750) (417) e (14,167) Other, net 91 — 91 845 — 845 Changes in operating assets and liabilities: Accounts receivable (19,745) (8,170) e (27,915) (12,354) (176) e (12,530) Contract assets (7,918) 6,378 d (1,540) (6,519) (420) d (6,939) Inventories (65,032) 311 a, e (64,721) (35,081) 2,537 a, e (32,544) Project assets — — — 2,892 — 2,892 Prepaid expenses and other assets (12,199) (734) a, d, e (12,933) (86,502) 5,236 a, d, e (81,266) Operating lease right-of-use assets 2,710 — 2,710 2,415 227 e 2,642 Advances to suppliers (3,198) — (3,198) (2,222) — (2,222) Accounts payable and other accrued liabilities (26,557) (783) a, e (27,340) 41,444 (1,233) a, e 40,211 Contract liabilities 16,830 3,400 e 20,230 22,066 (2) e 22,064 Operating lease liabilities (2,063) (775) e (2,838) (3,027) (217) e (3,244) Net cash (used in) provided by operating activities (135,080) (3,919) (138,999) (108,750) 673 (108,077) Cash flows from investing activities: Purchases of property, plant, and equipment (11,943) — (11,943) (8,636) (577) e (9,213) Investments in software development costs (891) — (891) (1,521) — (1,521) Cash paid for equity investments under the Dealer Accelerator Program and other — — — (7,000) — (7,000) Proceeds from sale of equity investment 121,675 — 121,675 149,830 — 149,830 Cash paid for investments in unconsolidated investees (1,454) — (1,454) (154) — (154) Dividend from equity method investee, in excess of cumulative earnings 149 — 149 — — — Net cash provided by (used in) investing activities 107,536 — 107,536 132,519 (577) 131,942 Cash flows from financing activities: Proceeds from bank loans and other debt 245,764 — 245,764 21,458 — 21,458 Repayment of bank loans and other debt (48,146) 4,034 e (44,112) (23,944) 78 e (23,866) Repayment of convertible debt (424,991) — (424,991) — — — Payments for financing leases (775) — (775) — (11) e (11) Purchases of stock for tax withholding obligations on vested restricted stock (5,070) — (5,070) (7,332) — (7,332) Net cash (used in) provided by financing activities (233,218) 4,034 (229,184) (9,818) 67 (9,751) Net (decrease) increase in cash, cash equivalents, and restricted cash (260,762) 115 (260,647) 13,951 163 14,114 Cash, cash equivalents, and restricted cash, beginning of period 402,032 4,474 e 406,506 148,613 3,986 e 152,599 Cash, cash equivalents, and restricted cash, end of period $ 141,270 $ 4,589 $ 145,859 $ 162,564 $ 4,149 $ 166,713 Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets: Cash and cash equivalents $ 116,478 $ — $ 116,478 $ 142,250 $ — $ 142,250 Restricted cash and cash equivalents, current portion 9,634 837 e 10,471 681 747 e 1,428 Restricted cash and cash equivalents, net of current portion 15,158 3,752 e 18,910 12,857 3,402 e 16,259 Cash, cash equivalents, and restricted cash from discontinued operations — — — 6,776 — 6,776 Total cash, cash equivalents, and restricted cash $ 141,270 $ 4,589 $ 145,859 $ 162,564 $ 4,149 $ 166,713 Supplemental disclosure of non-cash activities: Property, plant and equipment acquisitions funded by liabilities (including financing leases) $ 3,505 $ — $ 3,505 $ 922 $ 911 e $ 1,833 Right-of-use assets obtained in exchange for lease obligations $ 2,086 $ — $ 2,086 $ 877 $ (485) e $ 392 Working capital adjustment related to C&I Solutions sale $ 23,880 $ — $ 23,880 $ — $ — $ — Supplemental cash flow disclosures: Cash paid for interest $ 11,969 $ — $ 11,969 $ 9,874 $ — $ 9,874 Cash paid for income taxes $ 184 $ — $ 184 $ 250 $ — $ 250

Transactions With Total and T_2

Transactions With Total and Total Energies SE (Tables)	3 Months Ended
	Apr. 02, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following are balances and transactions entered into with Total and its affiliates. As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 489 $ 489 Prepaid expenses and other current assets 2,756 2,898 Other long-term assets 505 1,284 Accrued liabilities 31,055 8,033 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Other income: (Income) expense from transition services agreement, net $ (249) $ — Interest expense: Interest expense incurred on the 4.00% debentures due 2023 171 1,000 Related-party transactions and balances with SunStrong, SunStrong Partners, Dorado DevCo, and our dealer accelerator equity investees are as follows: As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 30,922 $ 33,864 Prepaid expenses and other current assets 4,239 3,959 Other long-term assets 6,549 6,549 Accounts payable 299 165 Accrued liabilities 178 97 Contract liabilities 93,792 63,504 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Revenues and fees received from investees for products/services $ 85,291 $ 42,122 The below table summarizes our transactions with Maxeon Solar for the three months ended April 2, 2023: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Purchases of photo-voltaic modules (recorded in cost of revenues) $ 70,458 $ 72,459 Research and development expenses reimbursement received 464 9,474 Income (expense) from transition services agreement, net (25) (266) Sublease income (recorded in sales, general, and administrative expense) 468 — We had the following balances related to transactions with Maxeon Solar as of April 2, 2023: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) Prepaid and other current assets $ 445 $ 607 Accrued liabilities 8,004 11,239 Accounts payable 43,355 38,486 Other long-term liabilities 1,458 1,458

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Apr. 02, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table represents disaggregated revenue from contracts with customers for the three months ended April 2, 2023 and April 3, 2022: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) (As Restated) Solar power systems sales $ 341,905 $ 271,485 Component sales 86,531 59,877 Light commercial sales 552 14,196 Services and other 5,279 4,560 Total revenues $ 434,267 $ 350,118
Schedule of Contract Asset and Contract Liability	Total contract assets and contract liabilities balances as of the respective dates are as follows: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Contract assets $ 58,919 $ 57,379 Contract liabilities $ 173,682 $ 153,451 1 As of April 2, 2023 and January 1, 2023, we had indemnifications of $1.1 million retained in connection with our C&I Solutions sale, which are presented within “contract liabilities, net of current portion” on our condensed consolidated balance sheets.

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Apr. 02, 2023
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts Receivable, Net	Accounts Receivable, Net As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Accounts receivable, gross $ 211,403 $ 184,733 Less: allowance for credit losses (13,596) (14,750) Less: allowance for sales returns (309) (309) Accounts receivable, net $ 197,498 $ 169,674
Schedule of Accounts Receivable, Allowance for Credit Loss	Allowance for Credit Losses Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Balance at beginning of period $ 14,750 $ 14,375 Provision for credit losses 442 1,300 Write-offs (1,596) (494) Balance at end of period $ 13,596 $ 15,181
Schedule of Inventory	Inventories As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Photo-voltaic modules $ 184,761 $ 136,006 Microinverters 65,387 48,645 Energy Storage Systems 59,983 62,861 Other solar power system component materials 50,321 48,219 Inventories 1 $ 360,452 $ 295,731 1
Schedule of Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Deferred project costs $ 121,214 $ 125,604 Deferred costs for solar power systems 53,708 34,124 Related-party receivables 5,018 3,959 Derivative assets 1,384 — Other 32,496 34,124 Prepaid expenses and other current assets $ 213,820 $ 197,811
Schedule of Property, Plant and Equipment, Net	Property, Plant and Equipment, Net As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Testing equipment and tools $ 1,507 $ 1,157 Leasehold improvements 17,184 16,960 Solar power systems 10,701 10,271 Computer equipment 15,410 14,411 Internal-use software 76,640 71,477 Furniture and fixtures 8,092 8,088 Transportation equipment 4,451 3,941 Vehicle finance leases 14,744 12,316 Work-in-progress 10,769 5,958 Property, plant and equipment, gross 159,498 144,579 Less: accumulated depreciation and impairment (75,421) (68,106) Property, plant, and equipment, net 1,2 $ 84,077 $ 76,473 1 Property, plant, and equipment is predominantly located in the U.S. 2 For the three months ended April 2, 2023, we recorded depreciation expense, including accretion expense related to our asset retirement obligations, of $9.5 million. For the three months ended April 3, 2022, we recorded depreciation expense of $3.6 million.
Schedule of Other Long-Term Assets	Other Long-term Assets As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Equity investments without readily determinable fair value $ 31,346 $ 31,699 Equity investments with fair value option (“FVO” ) 19,800 18,346 Cloud computing arrangements (“CCA”) implementation costs, net of current portion 1 5,944 7,934 Deposits with related parties 6,549 7,329 Retail installment contract receivables, net of current portion 2, 3 94,254 98,001 Long-term deferred project costs 3,018 3,109 Derivative assets — 2,293 Debt issuance costs — 3,556 Other 16,029 14,660 Other long-term assets $ 176,940 $ 186,927 1 For the three months ended April 2, 2023 and April 3, 2022, we recorded $1.7 million and $0.5 million, respectively, of amortization expense related to the amortization of our capitalized CCA costs. 2 Our long-term retail installment contract receivables are presented net of the significant financing component of $22.2 million and $22.5 million, and allowance for credit losses of $0.5 million and $0.4 million as of April 2, 2023 and January 1, 2023, respectively. 3
Schedule of Accrued Liabilities	Accrued Liabilities As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Employee compensation and employee benefits $ 30,467 $ 36,452 Interest payable 351 8,549 Short-term warranty reserves 31,274 29,677 Legal expenses 3,413 2,681 Taxes payable 9,286 9,641 Payable to related parties 8,004 11,239 Short-term finance lease liabilities 3,422 2,949 Derivative liabilities 2,425 — Indemnification obligations retained from C&I Solutions sale 1 51,426 20,781 Short-term asset retirement obligation liability 1,510 1,396 Other 25,857 24,754 Accrued liabilities $ 167,435 $ 148,119 1 As of April 2, 2023, we had a total of $20.3 million and $31.1 million of warranty reserves and other indemnification, respectively, retained in connection with the sale of our C&I Solutions business to TotalEnergies Renewables. As of January 1, 2023, we retained a total of $13.5 million and $7.3 million of warranty reserves and other indemnifications, respectively.
Schedule of Other Long-Term Liabilities	Other Long-term Liabilities As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Deferred revenue $ 34,749 $ 35,864 Long-term warranty reserves 21,308 23,931 Unrecognized tax benefits 12,699 12,295 Related-party liabilities 1,458 1,458 Long-term finance lease liabilities 9,050 7,878 Indemnification obligations retained from C&I Solutions sale 1 11,333 11,385 Long-term asset retirement obligation liability 2,570 2,395 Other 19,047 19,496 Other long-term liabilities $ 112,214 $ 114,702 1 As of April 2, 2023, we had a total of $7.6 million and $3.7 million of warranty reserves and other indemnifications, respectively, retained in connection with the sale of our C&I Solutions business to TotalEnergies Renewables. As of January 1, 2023, we retained a total of $7.6 million and $3.8 million of warranty reserves and other indemnifications, respectively.
Schedule of Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income As of (In thousands) April 2, 2023 January 1, 2023 Cumulative translation adjustment $ 9,581 $ 9,576 Net gain on long-term pension liability obligation 1,992 1,992 Accumulated other comprehensive income $ 11,573 $ 11,568

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	The following table represents our other intangible assets with finite useful lives: (In thousands) Gross Carrying Amount Accumulated Amortization Net Book Value As of April 2, 2023: Developed technology $ 3,700 $ (1,850) $ 1,850 Brand 15,800 (5,925) 9,875 Non-compete agreements 3,400 (1,700) 1,700 Software development costs 10,082 (1,072) 9,010 Total $ 32,982 $ (10,547) $ 22,435 As of January 1, 2023: Developed technology $ 3,700 $ (1,542) $ 2,158 Brand 15,800 (4,937) 10,863 Non-compete agreements 3,400 (1,417) 1,983 Software development costs 9,250 (62) 9,188 Total $ 32,150 $ (7,958) $ 24,192
Schedule of Future Amortization Expense	As of April 2, 2023, the estimated future amortization expense related to intangible assets with finite useful lives for each of the next three fiscal years was as follows, through the end of the useful life of all intangible assets: Expected Amortization Expense Fiscal Year (In thousands) 2023 (remaining nine months) $ 9,544 2024 9,618 2025 3,273 Total $ 22,435

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 02, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis	The following table summarizes our assets and liabilities measured and recorded at fair value on a recurring basis as of April 2, 2023 and January 1, 2023: April 2, 2023 January 1, 2023 (In thousands) Total Fair Value Level 3 Level 2 Level 1 Total Fair Value Level 3 Level 2 Level 1 Assets Cash and cash equivalents: Money market funds $ 40,000 $ — $ — $ 40,000 $ 297,474 $ — $ — $ 297,474 Prepaid expenses and other current assets: Interest rate swaps 1,384 — 1,384 — — — — — Other long-term assets: Equity investments with FVO 19,800 19,800 — — 18,346 18,346 — — Equity investments with readily determinable fair value — — — — 132,480 — — 132,480 Interest rate swaps — — — — 2,293 — 2,293 — Total assets $ 61,184 $ 19,800 $ 1,384 $ 40,000 $ 450,593 $ 18,346 $ 2,293 $ 429,954 Liabilities Accrued liabilities: Interest rate swaps $ 2,425 $ — $ 2,425 $ — $ — $ — $ — $ — Total liabilities $ 2,425 $ — $ 2,425 $ — $ — $ — $ — $ —
Schedule of Equity Method Investment Movements	The following table summarizes movements in equity investments for the three months ended April 2, 2023. There were no internal movements between Level 1 or Level 2 fair value measurements to or from Level 3 fair value measurements for the three months ended April 2, 2023. (In thousands) Beginning balance as of January 1, 2023 Equity Distribution Additional Investment Other adjustment Ending balance as of April 2, 2023 Equity investments with FVO $ 18,346 $ — $ 1,454 $ — $ 19,800
Schedule of Level 3 Significant Unobservable Input Sensitivity	The following table summarizes the significant unobservable inputs used in Level 3 valuation of our investments carried at fair value as of April 2, 2023. Included in the table are the inputs and range of possible inputs that have an effect on the overall valuation of the financial instruments. 2023 Assets: Fair value Valuation Technique Unobservable Input Range 1 Weighted Average 1 Other long-term assets: Equity investments with FVO $ 19,800 Discounted cash flows Discount rate Residual value 12.5%-13% 6.3%-12.9% 12.7% 8.2% Total assets $ 19,800 1 The primary unobservable inputs used in the fair value measurement of our equity investments, when using a discounted cash flow model, are the discount rate and residual value. Significant increases (decreases) in the discount rate in isolation would result in a significantly lower (higher) fair value measurement. We estimate the discount rate based on risk appropriate projected cost of equity. We estimate the residual value based on the contracted systems in place in the years being projected. Significant increases (decreases) in the residual value in isolation would result in a significantly higher (lower) fair value measurement.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Apr. 02, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Lease, Cost	The tables below present the summarized quantitative information with regard to facility and equipment lease contracts we have entered into: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) (As Restated) Operating lease expense $ 3,621 $ 3,215 Finance lease expense: Amortization expense 775 11 Interest expense on lease liabilities 189 16 Sublease income (746) (87) Total $ 3,839 $ 3,155 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,749 $ 3,817 Operating cash flows for finance leases $ 189 $ 16 Financing cash flows for finance leases $ 775 $ 11 Right-of-use assets and property, plant, and equipment obtained in exchange for leases: Operating leases $ 2,086 $ 392 Finance leases $ 2,435 $ 911 As of April 2, 2023 January 1, 2023 Weighted-average remaining lease term (in years): Operating leases 3.6 3.7 Finance leases 3.4 3.4 Weighted-average discount rate: Operating leases 7.9 % 8.0 % Finance leases 7.0 % 7.0 %
Schedule of Future Minimum Rental Payments for Operating Leases	The future minimum lease payments to be paid under non-cancellable leases in effect as of April 2, 2023, are as follows: Operating Leases Finance Leases As of April 2, 2023 (In thousands) 2023 (remaining nine months) $ 11,038 $ 3,121 2024 12,654 4,027 2025 8,940 3,851 2026 7,468 2,404 2027 4,679 546 Thereafter 1,855 39 Total lease payments 46,634 13,988 Less: imputed interest (6,683) (1,516) Total $ 39,951 $ 12,472
Schedule of Future Purchase Obligations	Future purchase obligations under non-cancellable purchase orders and long-term supply agreements as o f April 2, 2023 are as follows: (In thousands) Fiscal 2023 (remaining nine months) Fiscal 2024 Fiscal 2025 Fiscal 2026 Fiscal 2027 Thereafter Total Future purchase obligations $ 267,184 $ 184,926 $ 159,929 $ 778 $ 784 $ 3,745 $ 617,346
Schedule of Product Warranty Liability	The following table summarizes accrued warranty activities for the three months ended April 2, 2023 and April 3, 2022:

Equity Investments (Tables)

Equity Investments (Tables)	3 Months Ended
	Apr. 02, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The carrying value of our equity investments, classified as “short-term investments” and “other long-term assets” on our condensed consolidated balance sheets, are as follows: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) (As Restated) Equity investments with readily determinable fair value: Enphase Energy, Inc. $ — $ 132,480 Total equity investments with readily determinable fair value — 132,480 Equity investments without readily determinable fair value: OhmConnect investment 5,000 5,000 Equity method investments under the Dealer Accelerator Program 26,066 26,419 Other equity investments without readily determinable fair value 280 280 Total equity investments without readily determinable fair value 31,346 31,699 Equity investments with FVO: SunStrong Capital Holdings, LLC 9,871 9,871 Dorado Development Partners, LLC 9,626 8,173 SunStrong Partners, LLC 302 302 Total equity investment with FVO 19,799 18,346 Total equity investments $ 51,145 $ 182,525
Summarized Financial Information of Unconsolidated VIEs	The following tables present summarized consolidated financial statements for SunStrong, a significant investee, based on unaudited information provided to us by the investee: 1 Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Summarized statements of operations information: Revenues $ 38,973 $ 36,156 Net (loss) income (1,810) (974) Net income (loss) attributable to parents 2,537 1,753 As of (In thousands) April 2, 2023 January 1, 2023 Summarized balance sheet information: Current assets $ 91,007 $ 88,561 Long-term assets 1,793,244 1,823,437 Current liabilities 66,032 94,414 Long-term liabilities 1,361,904 1,378,462 1 Note that amounts are reported one quarter in arrears as permitted by applicable guidance.
Schedule of Related Party Transactions	The following are balances and transactions entered into with Total and its affiliates. As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 489 $ 489 Prepaid expenses and other current assets 2,756 2,898 Other long-term assets 505 1,284 Accrued liabilities 31,055 8,033 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Other income: (Income) expense from transition services agreement, net $ (249) $ — Interest expense: Interest expense incurred on the 4.00% debentures due 2023 171 1,000 Related-party transactions and balances with SunStrong, SunStrong Partners, Dorado DevCo, and our dealer accelerator equity investees are as follows: As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 30,922 $ 33,864 Prepaid expenses and other current assets 4,239 3,959 Other long-term assets 6,549 6,549 Accounts payable 299 165 Accrued liabilities 178 97 Contract liabilities 93,792 63,504 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Revenues and fees received from investees for products/services $ 85,291 $ 42,122 The below table summarizes our transactions with Maxeon Solar for the three months ended April 2, 2023: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Purchases of photo-voltaic modules (recorded in cost of revenues) $ 70,458 $ 72,459 Research and development expenses reimbursement received 464 9,474 Income (expense) from transition services agreement, net (25) (266) Sublease income (recorded in sales, general, and administrative expense) 468 — We had the following balances related to transactions with Maxeon Solar as of April 2, 2023: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) Prepaid and other current assets $ 445 $ 607 Accrued liabilities 8,004 11,239 Accounts payable 43,355 38,486 Other long-term liabilities 1,458 1,458

Debt and Credit Sources (Tables

Debt and Credit Sources (Tables)	3 Months Ended
	Apr. 02, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes our outstanding debt on our condensed consolidated balance sheets: April 2, 2023 January 1, 2023 (As Restated) (As Restated) (In thousands) Face Value Short-term Long-term Total 1 Face Value Short-term Long-term Total 1 Recourse Debt: 4.00% convertible debentures due 2023 2 $ — $ — $ — $ — $ 424,991 $ 424,919 $ — $ 424,919 Revolver and Term Loan Facility 193,750 33,920 155,674 189,594 — — — — Other Debt 22,930 22,930 — 22,930 11,733 11,733 — 11,733 Total recourse debt $ 216,680 $ 56,850 $ 155,674 $ 212,524 $ 436,724 $ 436,652 $ — $ 436,652 Non-Recourse Debt: Credit Suisse Warehouse Loan $ 69,298 $ 68,429 $ — $ 68,429 $ 71,577 $ 70,443 $ — $ 70,443 Other Debt 360 65 295 360 371 64 308 372 Total non-recourse debt 69,658 68,494 295 68,789 71,948 70,507 308 70,815 Total $ 286,338 $ 125,344 $ 155,969 $ 281,313 $ 508,672 $ 507,159 $ 308 $ 507,467 1 Refers to the total carrying value of the outstanding debt arrangement. 2 On January 17, 2023, we repaid the remaining outstanding principal amount of $425.0 million of our 4.00% debentures due 2023.
Schedule of Maturities of Debt	As of April 2, 2023, the aggregate future contractual maturities of our outstanding debt, at face value, were as follows: (In thousands) (as restated) Fiscal 2023 (remaining nine months) Fiscal 2024 Fiscal 2025 Fiscal 2026 Fiscal 2027 Thereafter Total Aggregate future maturities of outstanding debt $ 96,025 $ 5,068 $ 5,071 $ 5,075 $ 175,079 $ 20 $ 286,338

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	3 Months Ended
	Apr. 02, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following are balances and transactions entered into with Total and its affiliates. As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 489 $ 489 Prepaid expenses and other current assets 2,756 2,898 Other long-term assets 505 1,284 Accrued liabilities 31,055 8,033 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Other income: (Income) expense from transition services agreement, net $ (249) $ — Interest expense: Interest expense incurred on the 4.00% debentures due 2023 171 1,000 Related-party transactions and balances with SunStrong, SunStrong Partners, Dorado DevCo, and our dealer accelerator equity investees are as follows: As of (In thousands) April 2, 2023 January 1, 2023 Accounts receivable $ 30,922 $ 33,864 Prepaid expenses and other current assets 4,239 3,959 Other long-term assets 6,549 6,549 Accounts payable 299 165 Accrued liabilities 178 97 Contract liabilities 93,792 63,504 Three Months Ended April 2, 2023 April 3, 2022 (In thousands) (As Restated) Revenues and fees received from investees for products/services $ 85,291 $ 42,122 The below table summarizes our transactions with Maxeon Solar for the three months ended April 2, 2023: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Purchases of photo-voltaic modules (recorded in cost of revenues) $ 70,458 $ 72,459 Research and development expenses reimbursement received 464 9,474 Income (expense) from transition services agreement, net (25) (266) Sublease income (recorded in sales, general, and administrative expense) 468 — We had the following balances related to transactions with Maxeon Solar as of April 2, 2023: As of April 2, 2023 January 1, 2023 (In thousands) (As Restated) Prepaid and other current assets $ 445 $ 607 Accrued liabilities 8,004 11,239 Accounts payable 43,355 38,486 Other long-term liabilities 1,458 1,458

Net (Loss) Income Per Share (Ta

Net (Loss) Income Per Share (Tables)	3 Months Ended
	Apr. 02, 2023
Earnings Per Share [Abstract]
Schedule of Income (Loss) Per Share	The following table presents the calculation of basic and diluted net (loss) income per share attributable to stockholders: Three Months Ended April 2, 2023 April 3, 2022 (In thousands, except per share amounts) (As Restated) (As Restated) Basic and diluted net (loss) income per share: Numerator: Net (loss) income attributable to stockholders - continuing operations 1 $ (47,354) $ (7,183) Net (loss) income attributable to stockholders - discontinued operations (7,282) (25,715) Net (loss) income attributable to stockholders $ (54,636) $ (32,898) Denominator: Basic weighted-average common shares 174,528 173,376 Basic and dilutive net (loss) income per share - continuing operations $ (0.27) $ (0.04) Basic and dilutive net (loss) income per share - discontinued operations (0.04) (0.15) Basic and dilutive net (loss) income per share $ (0.31) $ (0.19) 1 There was no add back of interest expense for the convertible debentures or effect of dilutive securities for the three months ended April 2, 2023 and April 3, 2022. .
Schedule of Outstanding Anti-dilutive Potential Common Stock Excluded from (Loss) Income Per Share	The following is a summary of outstanding anti-dilutive potential common stock that was excluded from diluted net income per share attributable to stockholders in the following periods: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Restricted stock units 2,808 3,035 4.00% debentures due 2023 3,001 17,068

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Apr. 02, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense by Line Item on the Statement of Operations	The following table summarizes the consolidated stock-based compensation expense by line item in our condensed consolidated statements of operations: Three Months Ended (In thousands) April 2, 2023 April 3, 2022 Cost of revenues $ 1,249 $ 955 Research and development 528 569 Sales, general, and administrative 5,100 3,877 Total stock-based compensation expense $ 6,877 $ 5,401

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Details) $ in Millions			1 Months Ended	3 Months Ended
	Dec. 08, 2023 USD ($)	Jan. 26, 2023 USD ($)	Aug. 31, 2022 investment	Apr. 02, 2023 segment	Oct. 01, 2023 USD ($)	Sep. 12, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of operating segment | segment				1
Number of equity investments entered into | investment			4
Revolver and Term Loan Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Increase in revolver commitments, amount		$ 100
Debt Instrument, Remaining capacity					$ 53.7
Revolver and Term Loan Facility | Forecast
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Increase in revolver commitments, amount	$ 25
Current borrowing capacity	$ 25
Holdco
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity interest						50%

Restatement of Previously Iss_3

Restatement of Previously Issued Condensed Consolidated Financial Statements - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) to total revenues	[1]	$ 434,267	$ 350,118
Increase (decrease) in total cost of revenues		353,229	268,273
Increase (decrease) in prepaid expenses and other current assets	[2]	213,820		$ 197,811
Increase (decrease) in accounts receivable, net	[2]	197,498		169,674
Increase (decrease) in current contract liabilities	[2]	162,343		141,863
Increase (decrease) in contract assets		58,610		57,070
Increase (decrease) in accrued liabilities	[2]	167,435		148,119
Increase (decrease) in inventories		360,452		295,731
Increase (decrease) in advance to suppliers, current portion		15,258		12,059
Increase (decrease) in accounts payable	[2]	223,694		243,139
Increase (decrease) in sales, general, and administrative expense	[1]	104,318	87,867
Increase (decrease) in property, plant and equipment		84,077		76,473
Increase (decrease) in (loss) income from discontinued operations before income taxes and equity in (losses) earnings of unconsolidated investees		(46,133)	(15,651)
Increase (decrease) in other long-term liabilities	[2]	112,214		114,702
Increase (decrease) in long-term liabilities of discontinued operations		0		0
Increase (decrease) in short-term debt		125,344		82,240
Restatement Impacts
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) to total revenues		(6,611)	(159)
Increase (decrease) in total cost of revenues		(23,538)	(9,695)
Increase (decrease) in prepaid expenses and other current assets		850		51
Increase (decrease) in accounts receivable, net		3,267		(4,903)
Increase (decrease) in current contract liabilities		1,054		(2,346)
Increase (decrease) in contract assets		0		6,378
Increase (decrease) in accrued liabilities		3,225		2,890
Increase (decrease) in inventories		(21,395)		(21,084)
Increase (decrease) in advance to suppliers, current portion		2,750		2,750
Increase (decrease) in accounts payable		(1,449)		910
Increase (decrease) in sales, general, and administrative expense		13,437	10,871
Increase (decrease) in property, plant and equipment		1,960		1,951
Increase (decrease) in (loss) income from discontinued operations before income taxes and equity in (losses) earnings of unconsolidated investees		3,490	(1,503)
Increase (decrease) in other long-term liabilities		2,432		1,905
Increase (decrease) in long-term liabilities of discontinued operations		0		0
Increase (decrease) in short-term debt		3,871		(164)
Restatement Impacts | Inventory Related Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in total cost of revenues		(300)	3,100
Increase (decrease) in prepaid expenses and other current assets		400	2,400
Increase (decrease) in accrued liabilities		600	400
Increase (decrease) in inventories		(19,400)	(19,700)
Increase (decrease) in advance to suppliers, current portion		2,800	2,800
Increase (decrease) in accounts payable		(1,400)	800
Restatement Impacts | Classification of Expense in the Statements of Operations
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in total cost of revenues		(13,900)	(10,800)
Increase (decrease) in sales, general, and administrative expense		13,900	$ 10,800
Restatement Impacts | Discontinued Operations
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in total cost of revenues		(6,800)
Increase (decrease) in sales, general, and administrative expense		(500)
Restatement Impacts | Timing of Revenue Recognition for Certain Revenue Contracts
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) to total revenues		(6,400)
Increase (decrease) in total cost of revenues		$ (4,000)
Increase (decrease) in prepaid expenses and other current assets				(4,000)
Increase (decrease) in contract assets				$ 6,400
[1] We have related-party transactions with TotalEnergies SE and its affiliates, Maxeon Solar, and unconsolidated entities in which we have a direct equity investment. These related-party transactions are recorded within the “total revenues,” “total cost of revenues,” “operating expenses: research and development,” “operating expenses: sales, general, and administrative,” “operating expenses: (income) expense from transition services agreement, net,” “other income (expense), net: interest expense,” and “(loss) income from discontinued operations before income taxes” financial statement line items in our condensed consolidated statements of operations (see Note 3, Note 9, and Note 11).

Restatement of Previously Iss_4

Restatement of Previously Issued Condensed Consolidated Financial Statements - Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands		Apr. 02, 2023	Jan. 01, 2023	Apr. 03, 2022	Jan. 02, 2022
Current assets:
Cash and cash equivalents		$ 116,478	$ 377,026	$ 142,250
Restricted cash and cash equivalents, current portion		10,471	10,668	1,428
Short-term investments		0	132,480
Accounts receivable, net	[1]	197,498	169,674
Contract assets		58,610	57,070
Inventories		360,452	295,731
Advances to suppliers, current portion		15,258	12,059
Prepaid expenses and other current assets	[1]	213,820	197,811
Total current assets		972,587	1,252,519
Restricted cash and cash equivalents, net of current portion		18,910	18,812	16,259
Property, plant and equipment, net		84,077	76,473
Operating lease right-of-use assets		36,302	36,926
Solar power systems leased, net		40,768	41,779
Goodwill		125,998	125,998
Other intangible assets, net		22,435	24,192
Other long-term assets	[1]	176,940	186,927
Total assets		1,478,017	1,763,626
Current liabilities:
Accounts payable	[1]	223,694	243,139
Accrued liabilities	[1]	167,435	148,119
Operating lease liabilities, current portion		11,589	11,356
Contract liabilities, current portion	[1]	162,343	141,863
Short-term debt		125,344	82,240
Convertible debt, current portion	[1]	0	424,919
Total current liabilities		690,405	1,051,636
Long-term		155,969	308
Operating lease liabilities, net of current portion		28,362	29,347
Contract liabilities, net of current portion		11,339	11,588
Other long-term liabilities	[1]	112,214	114,702
Long-term liabilities of discontinued operations		0	0
Total liabilities		998,289	1,207,581
Commitments and contingencies (Note 8)
Equity:
Preferred stock		0	0
Common stock		175	174
Additional paid-in capital		2,839,233	2,855,930
Accumulated deficit		(2,140,420)	(2,085,784)
Accumulated other comprehensive income		11,573	11,568
Treasury stock, at cost: 14,345 shares of common stock as of April 2, 2023; 14,018 shares of common stock as of January 1, 2023		(231,717)	(226,646)
Total stockholders' equity		478,844	555,242
Noncontrolling interests in subsidiaries		884	803
Total equity		479,728	556,045	348,213	$ 383,603
Total liabilities and equity		1,478,017	1,763,626
As Previously Reported
Current assets:
Cash and cash equivalents		116,478	377,026	142,250
Restricted cash and cash equivalents, current portion		9,634	9,855	681
Short-term investments		0	132,480
Accounts receivable, net		194,231	174,577
Contract assets		58,610	50,692
Inventories		381,847	316,815
Advances to suppliers, current portion		12,508	9,309
Prepaid expenses and other current assets		212,970	197,760
Total current assets		986,278	1,268,514
Restricted cash and cash equivalents, net of current portion		15,158	15,151	12,857
Property, plant and equipment, net		82,117	74,522
Operating lease right-of-use assets		36,302	36,926
Solar power systems leased, net		40,768	41,779
Goodwill		126,338	126,338
Other intangible assets, net		22,435	24,192
Other long-term assets		183,015	192,585
Total assets		1,492,411	1,780,007
Current liabilities:
Accounts payable		225,143	242,229
Accrued liabilities		164,210	145,229
Operating lease liabilities, current portion		11,589	11,356
Contract liabilities, current portion		161,289	144,209
Short-term debt		121,473	82,404
Convertible debt, current portion		0	424,919
Total current liabilities		683,704	1,050,346
Long-term		155,969	308
Operating lease liabilities, net of current portion		28,362	29,347
Contract liabilities, net of current portion		11,305	11,555
Other long-term liabilities		109,782	112,797
Long-term liabilities of discontinued operations		0	0
Total liabilities		989,122	1,204,353
Commitments and contingencies (Note 8)
Equity:
Preferred stock		0	0
Common stock		175	174
Additional paid-in capital		2,839,233	2,855,930
Accumulated deficit		(2,116,859)	(2,066,175)
Accumulated other comprehensive income		11,573	11,568
Treasury stock, at cost: 14,345 shares of common stock as of April 2, 2023; 14,018 shares of common stock as of January 1, 2023		(231,717)	(226,646)
Total stockholders' equity		502,405	574,851
Noncontrolling interests in subsidiaries		884	803
Total equity		503,289	575,654		390,024
Total liabilities and equity		1,492,411	1,780,007
Restatement Impacts
Current assets:
Cash and cash equivalents		0	0	0
Restricted cash and cash equivalents, current portion		837	813	747
Short-term investments		0	0
Accounts receivable, net		3,267	(4,903)
Contract assets		0	6,378
Inventories		(21,395)	(21,084)
Advances to suppliers, current portion		2,750	2,750
Prepaid expenses and other current assets		850	51
Total current assets		(13,691)	(15,995)
Restricted cash and cash equivalents, net of current portion		3,752	3,661	$ 3,402
Property, plant and equipment, net		1,960	1,951
Operating lease right-of-use assets		0	0
Solar power systems leased, net		0	0
Goodwill		(340)	(340)
Other intangible assets, net		0	0
Other long-term assets		(6,075)	(5,658)
Total assets		(14,394)	(16,381)
Current liabilities:
Accounts payable		(1,449)	910
Accrued liabilities		3,225	2,890
Operating lease liabilities, current portion		0	0
Contract liabilities, current portion		1,054	(2,346)
Short-term debt		3,871	(164)
Convertible debt, current portion		0	0
Total current liabilities		6,701	1,290
Long-term		0	0
Operating lease liabilities, net of current portion		0	0
Contract liabilities, net of current portion		34	33
Other long-term liabilities		2,432	1,905
Long-term liabilities of discontinued operations		0	0
Total liabilities		9,167	3,228
Commitments and contingencies (Note 8)
Equity:
Preferred stock		0	0
Common stock		0	0
Additional paid-in capital		0	0
Accumulated deficit		(23,561)	(19,609)
Accumulated other comprehensive income		0	0
Treasury stock, at cost: 14,345 shares of common stock as of April 2, 2023; 14,018 shares of common stock as of January 1, 2023		0	0
Total stockholders' equity		(23,561)	(19,609)
Noncontrolling interests in subsidiaries		0	0
Total equity		(23,561)	(19,609)		$ (6,421)
Total liabilities and equity		$ (14,394)	$ (16,381)
[1]We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar Technologies, Ltd. (“Maxeon Solar”), and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “accounts receivable, net,” “prepaid expenses and other current assets,” “other long-term assets,” “accounts payable,” “accrued liabilities,” “convertible debt, current portion,” “contract liabilities, current portion,” and “other long-term liabilities” financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 8, Note 9, and Note 11)

Restatement of Previously Iss_5

Restatement of Previously Issued Condensed Consolidated Financial Statements - Condensed Consolidated Statements of Operations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 02, 2023	Apr. 03, 2022
Income Statement [Abstract]
Total revenues	[1]	$ 434,267	$ 350,118
Total cost of revenues1		353,229	268,273
Gross profit		81,038	81,845
Operating expenses:
Research and development	[1]	7,247	5,171
Sales, general, and administrative	[1]	104,318	87,867
Restructuring charges (credits)		0	627
(Income) expense from transition services agreement, net	[1]	(224)	266
Total operating expenses		111,341	93,931
Operating (loss) income		(30,303)	(12,086)
Other (expense) income, net:
Interest income		831	42
Interest expense	[1]	(5,678)	(5,051)
Other, net		(10,983)	1,444
Other (expense) income, net		(15,830)	(3,565)
(Loss) income from continuing operations before income taxes and equity in earnings (losses) of unconsolidated investees		(46,133)	(15,651)
(Provision for) benefits from income taxes		(1,328)	8,129
Equity in earnings (losses) of unconsolidated investees		188	0
Net (loss) income from continuing operations		(47,273)	(7,522)
(Loss) income from discontinued operations before income taxes and equity in (losses) earnings of unconsolidated investees	[1]	(7,360)	(26,298)
Benefits from (provision for) income taxes from discontinued operations		78	333
Net (loss) income from discontinued operations		(7,282)	(25,965)
Net (loss) income		(54,555)	(33,487)
Net (income) loss from continuing operations attributable to noncontrolling interests		(81)	339
Net loss (income) from discontinued operations attributable to noncontrolling interests		0	250
Net (income) loss attributable to noncontrolling interests		(81)	589
Net (loss) income from continuing operations attributable to stockholders		(47,354)	(7,183)
Net (loss) income from discontinued operations attributable to stockholders		(7,282)	(25,715)
Net (loss) income attributable to stockholders		$ (54,636)	$ (32,898)
Net (loss) income per share attributable to stockholders - basic and diluted:
Continuing operations - basic (in dollars per share)		$ (0.27)	$ (0.04)
Discontinued operations - basic (in dollars per share)		(0.04)	(0.15)
Net income (loss) per share – basic (in dollars per share)		(0.31)	(0.19)
Net (loss) income per share attributable to stockholders - diluted:
Continuing operations - diluted (in dollars per share)		(0.27)	(0.04)
Discontinued operations - diluted (in dollars per share)		(0.04)	(0.15)
Net income (loss) per share – diluted (in dollars per share)		$ (0.31)	$ (0.19)
Weighted-average shares:
Basic (in shares)		174,528	173,376
Diluted (in shares)		174,528	173,376
As Previously Reported
Income Statement [Abstract]
Total revenues		$ 440,878	$ 350,277
Total cost of revenues1		376,767	277,968
Gross profit		64,111	72,309
Operating expenses:
Research and development		7,247	5,010
Sales, general, and administrative		90,881	76,996
Restructuring charges (credits)		0	627
(Income) expense from transition services agreement, net		(224)	266
Total operating expenses		97,904	82,899
Operating (loss) income		(33,793)	(10,590)
Other (expense) income, net:
Interest income		831	42
Interest expense		(5,678)	(5,044)
Other, net		(10,983)	1,444
Other (expense) income, net		(15,830)	(3,558)
(Loss) income from continuing operations before income taxes and equity in earnings (losses) of unconsolidated investees		(49,623)	(14,148)
(Provision for) benefits from income taxes		(1,227)	11,643
Equity in earnings (losses) of unconsolidated investees		247	0
Net (loss) income from continuing operations		(50,603)	(2,505)
(Loss) income from discontinued operations before income taxes and equity in (losses) earnings of unconsolidated investees		0	(26,298)
Benefits from (provision for) income taxes from discontinued operations		0	343
Net (loss) income from discontinued operations		0	(25,955)
Net (loss) income		(50,603)	(28,460)
Net (income) loss from continuing operations attributable to noncontrolling interests		(81)	339
Net loss (income) from discontinued operations attributable to noncontrolling interests		0	250
Net (income) loss attributable to noncontrolling interests		(81)	589
Net (loss) income from continuing operations attributable to stockholders		(50,684)	(2,166)
Net (loss) income from discontinued operations attributable to stockholders		0	(25,705)
Net (loss) income attributable to stockholders		$ (50,684)	$ (27,871)
Net (loss) income per share attributable to stockholders - basic and diluted:
Continuing operations - basic (in dollars per share)		$ (0.29)	$ (0.01)
Discontinued operations - basic (in dollars per share)		0	(0.15)
Net income (loss) per share – basic (in dollars per share)		$ (0.29)	$ (0.16)
Weighted-average shares:
Basic (in shares)		174,528	173,376
Diluted (in shares)		174,528	173,376
Restatement Impacts
Income Statement [Abstract]
Total revenues		$ (6,611)	$ (159)
Total cost of revenues1		(23,538)	(9,695)
Gross profit		16,927	9,536
Operating expenses:
Research and development		0	161
Sales, general, and administrative		13,437	10,871
Restructuring charges (credits)		0	0
(Income) expense from transition services agreement, net		0	0
Total operating expenses		13,437	11,032
Operating (loss) income		3,490	(1,496)
Other (expense) income, net:
Interest income		0	0
Interest expense		0	(7)
Other, net		0	0
Other (expense) income, net		0	(7)
(Loss) income from continuing operations before income taxes and equity in earnings (losses) of unconsolidated investees		3,490	(1,503)
(Provision for) benefits from income taxes		(101)	(3,514)
Equity in earnings (losses) of unconsolidated investees		(59)	0
Net (loss) income from continuing operations		3,330	(5,017)
(Loss) income from discontinued operations before income taxes and equity in (losses) earnings of unconsolidated investees		(7,360)	0
Benefits from (provision for) income taxes from discontinued operations		78	(10)
Net (loss) income from discontinued operations		(7,282)	(10)
Net (loss) income		(3,952)	(5,027)
Net (income) loss from continuing operations attributable to noncontrolling interests		0	0
Net loss (income) from discontinued operations attributable to noncontrolling interests		0	0
Net (income) loss attributable to noncontrolling interests		0	0
Net (loss) income from continuing operations attributable to stockholders		3,330	(5,017)
Net (loss) income from discontinued operations attributable to stockholders		(7,282)	(10)
Net (loss) income attributable to stockholders		$ (3,952)	$ (5,027)
Net (loss) income per share attributable to stockholders - basic and diluted:
Continuing operations - basic (in dollars per share)		$ 0.02	$ (0.03)
Discontinued operations - basic (in dollars per share)		(0.04)	0
Net income (loss) per share – basic (in dollars per share)		$ (0.02)	$ (0.03)
Weighted-average shares:
Basic (in shares)		0	0
Diluted (in shares)		0	0
[1] We have related-party transactions with TotalEnergies SE and its affiliates, Maxeon Solar, and unconsolidated entities in which we have a direct equity investment. These related-party transactions are recorded within the “total revenues,” “total cost of revenues,” “operating expenses: research and development,” “operating expenses: sales, general, and administrative,” “operating expenses: (income) expense from transition services agreement, net,” “other income (expense), net: interest expense,” and “(loss) income from discontinued operations before income taxes” financial statement line items in our condensed consolidated statements of operations (see Note 3, Note 9, and Note 11).

Restatement of Previously Iss_6

Restatement of Previously Issued Condensed Consolidated Financial Statements - Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Cash flows from operating activities:
Net (loss) income	$ (54,555)	$ (33,487)
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	10,269	4,313
Amortization of cloud computing arrangements	1,740	517
Stock-based compensation	6,877	5,427
Amortization of debt issuance costs	617	726
Equity in (earnings) losses of unconsolidated investees	(188)	0
Loss (gain) on equity investments	10,805	(1,315)
Unrealized loss (gain) on derivatives	3,334	0
Dividend from equity method investees	371	0
Deferred income taxes	(815)	(14,167)
Other, net:	91	845
Changes in operating assets and liabilities:
Accounts receivable	(27,915)	(12,530)
Contract assets	(1,540)	(6,939)
Inventories	(64,721)	(32,544)
Project assets	0	2,892
Prepaid expenses and other assets	(12,933)	(81,266)
Operating lease right-of-use assets	2,710	2,642
Advances to suppliers	(3,198)	(2,222)
Accounts payable and other accrued liabilities	(27,340)	40,211
Contract liabilities	20,230	22,064
Operating lease liabilities	(2,838)	(3,244)
Net cash (used in) provided by operating activities	(138,999)	(108,077)
Cash flows from investing activities:
Purchases of property, plant, and equipment	(11,943)	(9,213)
Investment in software development costs	(891)	(1,521)
Cash paid for equity investments under the Dealer Accelerator Program and other	0	(7,000)
Proceeds from sale of equity investment	121,675	149,830
Cash paid for investments in unconsolidated investees	(1,454)	(154)
Proceeds from return of capital from equity investments	149	0
Net cash provided by (used in) investing activities	107,536	131,942
Cash flows from financing activities:
Proceeds from bank loans and other debt	245,764	21,458
Repayment of bank loans and other debt	(44,112)	(23,866)
Repayment of convertible debt	(424,991)	0
Payments for financing leases	(775)	(11)
Purchases of stock for tax withholding obligations on vested restricted stock	(5,070)	(7,332)
Net cash (used in) provided by financing activities	(229,184)	(9,751)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(260,647)	14,114
Cash, cash equivalents, and restricted cash, beginning of period	406,506	152,599
Cash, cash equivalents, and restricted cash, end of period	145,859	166,713
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets, including discontinued operations:
Cash and cash equivalents	116,478	142,250	$ 377,026
Restricted cash and cash equivalents, current portion	10,471	1,428	10,668
Restricted cash and cash equivalents, net of current portion	18,910	16,259	18,812
Cash, cash equivalents, and restricted cash from discontinued operations	0	6,776
Total cash, cash equivalents, and restricted cash	145,859	166,713	406,506
Supplemental disclosure of non-cash activities:
Property, plant and equipment acquisitions funded by liabilities (including financing leases)	3,505	1,833
Right-of-use assets obtained in exchange for lease obligations	2,086	392
Net working capital settlement related to C&I Solutions sale	23,880	0
Supplemental cash flow disclosures:
Cash paid for interest	11,969	9,874
Cash paid for income taxes	184	250
As Previously Reported
Cash flows from operating activities:
Net (loss) income	(50,603)	(28,460)
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	9,989	4,170
Amortization of cloud computing arrangements	1,673	495
Stock-based compensation	6,877	5,427
Amortization of debt issuance costs	617	726
Equity in (earnings) losses of unconsolidated investees	(247)	0
Loss (gain) on equity investments	10,805	(1,315)
Unrealized loss (gain) on derivatives	3,334	0
Dividend from equity method investees	371	0
Deferred income taxes	(815)	(13,750)
Other, net:	91	845
Changes in operating assets and liabilities:
Accounts receivable	(19,745)	(12,354)
Contract assets	(7,918)	(6,519)
Inventories	(65,032)	(35,081)
Project assets	0	2,892
Prepaid expenses and other assets	(12,199)	(86,502)
Operating lease right-of-use assets	2,710	2,415
Advances to suppliers	(3,198)	(2,222)
Accounts payable and other accrued liabilities	(26,557)	41,444
Contract liabilities	16,830	22,066
Operating lease liabilities	(2,063)	(3,027)
Net cash (used in) provided by operating activities	(135,080)	(108,750)
Cash flows from investing activities:
Purchases of property, plant, and equipment	(11,943)	(8,636)
Investment in software development costs	(891)	(1,521)
Cash paid for equity investments under the Dealer Accelerator Program and other	0	(7,000)
Proceeds from sale of equity investment	121,675	149,830
Cash paid for investments in unconsolidated investees	(1,454)	(154)
Proceeds from return of capital from equity investments	149	0
Net cash provided by (used in) investing activities	107,536	132,519
Cash flows from financing activities:
Proceeds from bank loans and other debt	245,764	21,458
Repayment of bank loans and other debt	(48,146)	(23,944)
Repayment of convertible debt	(424,991)	0
Payments for financing leases	(775)	0
Purchases of stock for tax withholding obligations on vested restricted stock	(5,070)	(7,332)
Net cash (used in) provided by financing activities	(233,218)	(9,818)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(260,762)	13,951
Cash, cash equivalents, and restricted cash, beginning of period	402,032	148,613
Cash, cash equivalents, and restricted cash, end of period	141,270	162,564
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets, including discontinued operations:
Cash and cash equivalents	116,478	142,250	377,026
Restricted cash and cash equivalents, current portion	9,634	681	9,855
Restricted cash and cash equivalents, net of current portion	15,158	12,857	15,151
Cash, cash equivalents, and restricted cash from discontinued operations	0	6,776
Total cash, cash equivalents, and restricted cash	141,270	162,564	402,032
Supplemental disclosure of non-cash activities:
Property, plant and equipment acquisitions funded by liabilities (including financing leases)	3,505	922
Right-of-use assets obtained in exchange for lease obligations	2,086	877
Net working capital settlement related to C&I Solutions sale	23,880	0
Supplemental cash flow disclosures:
Cash paid for interest	11,969	9,874
Cash paid for income taxes	184	250
Restatement Impacts
Cash flows from operating activities:
Net (loss) income	(3,952)	(5,027)
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	280	143
Amortization of cloud computing arrangements	67	22
Stock-based compensation	0	0
Amortization of debt issuance costs	0	0
Equity in (earnings) losses of unconsolidated investees	59	0
Loss (gain) on equity investments	0	0
Unrealized loss (gain) on derivatives	0	0
Dividend from equity method investees	0	0
Deferred income taxes	0	(417)
Other, net:	0	0
Changes in operating assets and liabilities:
Accounts receivable	(8,170)	(176)
Contract assets	6,378	(420)
Inventories	311	2,537
Project assets	0	0
Prepaid expenses and other assets	(734)	5,236
Operating lease right-of-use assets	0	227
Advances to suppliers	0	0
Accounts payable and other accrued liabilities	(783)	(1,233)
Contract liabilities	3,400	(2)
Operating lease liabilities	(775)	(217)
Net cash (used in) provided by operating activities	(3,919)	673
Cash flows from investing activities:
Purchases of property, plant, and equipment	0	(577)
Investment in software development costs	0	0
Cash paid for equity investments under the Dealer Accelerator Program and other	0	0
Proceeds from sale of equity investment	0	0
Cash paid for investments in unconsolidated investees	0	0
Proceeds from return of capital from equity investments	0	0
Net cash provided by (used in) investing activities	0	(577)
Cash flows from financing activities:
Proceeds from bank loans and other debt	0	0
Repayment of bank loans and other debt	4,034	78
Repayment of convertible debt	0	0
Payments for financing leases	0	(11)
Purchases of stock for tax withholding obligations on vested restricted stock	0	0
Net cash (used in) provided by financing activities	4,034	67
Net (decrease) increase in cash, cash equivalents, and restricted cash	115	163
Cash, cash equivalents, and restricted cash, beginning of period	4,474	3,986
Cash, cash equivalents, and restricted cash, end of period	4,589	4,149
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets, including discontinued operations:
Cash and cash equivalents	0	0	0
Restricted cash and cash equivalents, current portion	837	747	813
Restricted cash and cash equivalents, net of current portion	3,752	3,402	3,661
Cash, cash equivalents, and restricted cash from discontinued operations	0	0
Total cash, cash equivalents, and restricted cash	4,589	4,149	$ 4,474
Supplemental disclosure of non-cash activities:
Property, plant and equipment acquisitions funded by liabilities (including financing leases)	0	911
Right-of-use assets obtained in exchange for lease obligations	0	(485)
Net working capital settlement related to C&I Solutions sale	0	0
Supplemental cash flow disclosures:
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

Transactions With Total and T_3

Transactions With Total and Total Energies SE - Narrative (Details) $ / shares in Units, shares in Millions, $ in Billions	1 Months Ended		3 Months Ended
	Dec. 31, 2011 $ / shares shares	Jun. 30, 2011 USD ($) $ / shares	Apr. 02, 2023	Sep. 26, 2022 member	Sep. 12, 2022 director	Sep. 12, 2022 member	May 24, 2022
Clearway Energy Group
Related Party Transaction [Line Items]
Percentage of membership interests acquired in business acquisition							50%
TotalEnergies
Related Party Transaction [Line Items]
Ownership after sale of stock, percentage			50.30%
Tender Offer Agreement | TotalEnergies
Related Party Transaction [Line Items]
Ownership after sale of stock, percentage		60%
Consideration received in cash tender offer (in dollars per share)		$ 23.25
Cash tender offer | $		$ 1.4
Private Placement | TotalEnergies
Related Party Transaction [Line Items]
Ownership after sale of stock, percentage	66%
Consideration received in cash tender offer (in dollars per share)	$ 8.80
Number of shares of common stock issued and sold (in shares) | shares	18.6
September Letter Agreement | Global Infrastructure Partners ("GIP")
Related Party Transaction [Line Items]
Number of members appointed by GIP				2	2
September Letter Agreement | Global Infrastructure Partners ("GIP") | Director
Related Party Transaction [Line Items]
Number of members appointed by GIP					5	2

Transactions With Total and T_4

Transactions With Total and Total Energies SE - Sale of C&I Solutions business to Total Energies (Details) - C&I Solutions - USD ($) $ in Millions			3 Months Ended	9 Months Ended
	Apr. 12, 2023	May 31, 2022	Apr. 02, 2023	Oct. 02, 2022	Feb. 06, 2022
Related Party Transaction [Line Items]
Payable recorded			$ 30.9
Subsequent Event
Related Party Transaction [Line Items]
Payable recorded	$ 23.9
Discontinued Operations
Related Party Transaction [Line Items]
Aggregate cash consideration					$ 190
Proceeds from divestiture of businesses		$ 149.2
Working capital adjustment				$ 7

Transactions With Total and T_5

Transactions With Total and Total Energies SE - Affiliation Agreement (Details)	3 Months Ended
	Apr. 02, 2023	Sep. 26, 2022 member	Sep. 23, 2022 member	Sep. 12, 2022 director	Sep. 12, 2022 member	Mar. 31, 2022 director member	Oct. 29, 2021 member director	Apr. 19, 2021 director member
TotalEnergies
Related Party Transaction [Line Items]
Ownership after sale of stock, percentage	50.30%
Standstill Agreements | TotalEnergies
Related Party Transaction [Line Items]
Ownership after sale of stock, percentage	15%
Percentage of voting interests	100%
Limitations on transfer of outstanding shares, percentage	0.40
April Affiliation Agreement Amendment
Related Party Transaction [Line Items]
Number of board members								11
April Affiliation Agreement Amendment | Director
Related Party Transaction [Line Items]
Number of members designated by total | director								6
Number of board members not designated by total | director								3
October Affiliation Agreement Amendment
Related Party Transaction [Line Items]
Number of board members							11
Remaining number of members						9
Number of members resigned, designated by total							1
October Affiliation Agreement Amendment | Director
Related Party Transaction [Line Items]
Independent director | director							1
Additional independent directors resigned | director						1
September Letter Agreement
Related Party Transaction [Line Items]
Number of members resigned, designated by total			2
September Letter Agreement | Global Infrastructure Partners ("GIP")
Related Party Transaction [Line Items]
Number of members appointed by GIP		2		2
September Letter Agreement | Global Infrastructure Partners ("GIP") | Director
Related Party Transaction [Line Items]
Number of members appointed by GIP				5	2

Transactions With Total and T_6

Transactions With Total and Total Energies SE - 4.00% Debentures Due 2023 (Details) $ in Thousands		1 Months Ended
	Sep. 01, 2020	Dec. 31, 2015 USD ($)	Apr. 02, 2023 USD ($)	Jan. 17, 2023 USD ($)	Jan. 01, 2023 USD ($)
Related Party Transaction [Line Items]
Debt face amount			$ 286,338		$ 508,672
4.00% convertible debentures due 2023 | Convertible Debt
Related Party Transaction [Line Items]
Interest rate		4%
Debt face amount		$ 425,000
Conversion ratio	0.0401552	0.0327568
Interest payable				$ 8,500
4.00% convertible debentures due 2023 | TotalEnergies | Convertible Debt
Related Party Transaction [Line Items]
Debt face amount		$ 100,000

Transactions With Total and T_7

Transactions With Total and Total Energies SE - Related-Party Transactions with Total and Its Affiliates (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023	Dec. 31, 2015
Related Party Transaction [Line Items]
Total revenues	[1]	$ 434,267	$ 350,118
Total cost of revenues1		353,229	268,273
4.00% convertible debentures due 2023 | Convertible Debt
Related Party Transaction [Line Items]
Interest rate					4%
TotalEnergies | Related-Party Transactions with Total and its Affiliates
Related Party Transaction [Line Items]
Accounts receivable		489		$ 489
Prepaid expenses and other current assets		2,756		2,898
Other long-term assets		505		1,284
Accrued liabilities		31,055		$ 8,033
(Income) expense from transition services agreement, net | TotalEnergies | Related-Party Transactions with Total and its Affiliates
Related Party Transaction [Line Items]
(Income) expense from transition services agreement, net		(249)	0
Interest expense incurred on the 4.00% debentures due 2023 | TotalEnergies | Related-Party Transactions with Total and its Affiliates | 4.00% convertible debentures due 2023
Related Party Transaction [Line Items]
Interest expense		$ 171	$ 1,000
[1] We have related-party transactions with TotalEnergies SE and its affiliates, Maxeon Solar, and unconsolidated entities in which we have a direct equity investment. These related-party transactions are recorded within the “total revenues,” “total cost of revenues,” “operating expenses: research and development,” “operating expenses: sales, general, and administrative,” “operating expenses: (income) expense from transition services agreement, net,” “other income (expense), net: interest expense,” and “(loss) income from discontinued operations before income taxes” financial statement line items in our condensed consolidated statements of operations (see Note 3, Note 9, and Note 11).

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2023	Apr. 03, 2022
Disaggregation of Revenue [Line Items]
Total revenues	[1]	$ 434,267	$ 350,118
Solar power systems sales
Disaggregation of Revenue [Line Items]
Total revenues		341,905	271,485
Component sales
Disaggregation of Revenue [Line Items]
Total revenues		86,531	59,877
Light commercial sales
Disaggregation of Revenue [Line Items]
Total revenues		552	14,196
Services and other
Disaggregation of Revenue [Line Items]
Total revenues		$ 5,279	$ 4,560
[1] We have related-party transactions with TotalEnergies SE and its affiliates, Maxeon Solar, and unconsolidated entities in which we have a direct equity investment. These related-party transactions are recorded within the “total revenues,” “total cost of revenues,” “operating expenses: research and development,” “operating expenses: sales, general, and administrative,” “operating expenses: (income) expense from transition services agreement, net,” “other income (expense), net: interest expense,” and “(loss) income from discontinued operations before income taxes” financial statement line items in our condensed consolidated statements of operations (see Note 3, Note 9, and Note 11).

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 58,919	$ 57,379
Contract liabilities	173,682	153,451
Indemnifications Retained	$ 1,100	$ 1,100

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Contract Assets and Liabilities Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Disaggregation of Revenue [Line Items]
Revenue recognized	$ 74.2	$ 34.2
Solar power systems and components
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, amount	$ 806.1
Modules and components | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-03
Disaggregation of Revenue [Line Items]
Expected timing of satisfaction, period	12 months

Balance Sheet Components - Acco

Balance Sheet Components - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Accounts receivable, gross	$ 211,403	$ 184,733
Less: allowance for credit losses	(13,596)	(14,750)
Less: allowance for sales returns	(309)	(309)
Accounts receivable, net	$ 197,498	$ 169,674

Balance Sheet Components - Allo

Balance Sheet Components - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 14,750	$ 14,375
Provision for credit losses	442	1,300
Write-offs	(1,596)	(494)
Balance at end of period	$ 13,596	$ 15,181

Balance Sheet Components - Inve

Balance Sheet Components - Inventories (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Photo-voltaic modules	$ 184,761	$ 136,006
Microinverters	65,387	48,645
Energy Storage Systems	59,983	62,861
Other solar power system component materials	50,321	48,219
Inventories	$ 360,452	$ 295,731

Balance Sheet Components - Prep

Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands		Apr. 02, 2023	Jan. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Deferred project costs		$ 121,214	$ 125,604
Deferred costs for solar power systems		53,708	34,124
Related-party receivables		5,018	3,959
Derivative assets		1,384	0
Other		32,496	34,124
Prepaid expenses and other current assets	[1]	$ 213,820	$ 197,811
[1]We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar Technologies, Ltd. (“Maxeon Solar”), and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “accounts receivable, net,” “prepaid expenses and other current assets,” “other long-term assets,” “accounts payable,” “accrued liabilities,” “convertible debt, current portion,” “contract liabilities, current portion,” and “other long-term liabilities” financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 8, Note 9, and Note 11)

Balance Sheet Components - Prop

Balance Sheet Components - Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 159,498		$ 144,579
Vehicle finance leases	14,744		12,316
Less: accumulated depreciation and impairment	(75,421)		(68,106)
Property, plant and equipment, net	84,077		76,473
Depreciation, Amortization and Accretion, Net	9,500	$ 3,600
Testing equipment and tools
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,507		1,157
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	17,184		16,960
Solar power systems
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,701		10,271
Computer equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15,410		14,411
Internal-use software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	76,640		71,477
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,092		8,088
Transportation equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,451		3,941
Work-in-progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,769		$ 5,958

Balance Sheet Components - Othe

Balance Sheet Components - Other Long-term Assets (Details) $ in Thousands		3 Months Ended	12 Months Ended
		Apr. 02, 2023 USD ($) score	Jan. 01, 2023 USD ($)
Balance Sheet Related Disclosures [Abstract]
Equity investments without readily determinable fair value		$ 31,346	$ 31,699
Equity investments with fair value option (“FVO”)		19,800	18,346
Cloud computing arrangements implementation costs, net of current portion		5,944	7,934
Deposits with related parties		6,549	7,329
Retail installment contract receivables, net of current portion		94,254	98,001
Long-term deferred project costs		3,018	3,109
Derivative assets		0	2,293
Debt issuance costs		0	3,556
Other		16,029	14,660
Other long-term assets	[1]	176,940	186,927
Capitalized computer software, amortization		1,700	500
Retail installment contract receivables, significant financing component		22,200	22,500
Retail installment contract receivables, allowance for credit loss		$ 500	$ 400
FICO score | score		750
[1]We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar Technologies, Ltd. (“Maxeon Solar”), and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “accounts receivable, net,” “prepaid expenses and other current assets,” “other long-term assets,” “accounts payable,” “accrued liabilities,” “convertible debt, current portion,” “contract liabilities, current portion,” and “other long-term liabilities” financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 8, Note 9, and Note 11)

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Employee compensation and employee benefits	$ 30,467	$ 36,452
Interest payable	351	8,549
Short-term warranty reserves	31,274	29,677
Legal expenses	3,413	2,681
Taxes payable	9,286	9,641
Payable to related parties	8,004	11,239
Short-term finance lease liabilities	3,422	2,949
Derivative liabilities	2,425	0
Indemnification Obligation From Sale of Business	51,426	20,781
Short-term asset retirement obligation liability	1,510	1,396
Other	25,857	24,754
Accrued liabilities	167,435	148,119
Working Capital Payable, Legal, Indemnifications	31,100	13,500
Warranty Reserves	$ 20,300	$ 7,300

Balance Sheet Components - Ot_2

Balance Sheet Components - Other Long-term Liabilities (Details) - USD ($) $ in Thousands		Apr. 02, 2023	Jan. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Deferred revenue		$ 34,749	$ 35,864
Long-term warranty reserves		21,308	23,931
Unrecognized tax benefits		12,699	12,295
Related-party liabilities		1,458	1,458
Long-term finance lease liabilities		9,050	7,878
Indemnification Obligation From Sale of Business, Noncurrent		11,333	11,385
Long-term asset retirement obligation liability		2,570	2,395
Other		19,047	19,496
Other long-term liabilities	[1]	112,214	114,702
Warranty Reserves, Noncurrent		7,600	7,600
Other Indemnifications, Noncurrent		$ 3,700	$ 3,800
[1]We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar Technologies, Ltd. (“Maxeon Solar”), and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “accounts receivable, net,” “prepaid expenses and other current assets,” “other long-term assets,” “accounts payable,” “accrued liabilities,” “convertible debt, current portion,” “contract liabilities, current portion,” and “other long-term liabilities” financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 8, Note 9, and Note 11)

Balance Sheet Components - Accu

Balance Sheet Components - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Cumulative translation adjustment	$ 9,581	$ 9,576
Net gain on long-term pension liability obligation	1,992	1,992
Accumulated other comprehensive income	$ 11,573	$ 11,568

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Oct. 04, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 0
Amortization of intangible assets	2,600,000	$ 1,600,000
Impairment loss for intangible assets	$ 0	$ 0
Albatross Software LLC
Finite-Lived Intangible Assets [Line Items]
Percentage of membership interests acquired in business acquisition			35%

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Other Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 32,982	$ 32,150
Accumulated Amortization	(10,547)	(7,958)
Net Book Value	22,435	24,192
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,700	3,700
Accumulated Amortization	(1,850)	(1,542)
Net Book Value	1,850	2,158
Brand
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	15,800	15,800
Accumulated Amortization	(5,925)	(4,937)
Net Book Value	9,875	10,863
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,400	3,400
Accumulated Amortization	(1,700)	(1,417)
Net Book Value	1,700	1,983
Software development costs
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,082	9,250
Accumulated Amortization	(1,072)	(62)
Net Book Value	$ 9,010	$ 9,188

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Future Amortization Expense (Details) $ in Thousands	Apr. 02, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023 (remaining nine months)	$ 9,544
2024	9,618
2025	3,273
Total	$ 22,435

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023
Assets
Interest rate swaps	$ 1,384	$ 0
Interest rate swaps	0	2,293
Liabilities
Derivative liabilities	2,425	0
Total liabilities	$ 2,425	$ 0
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Increase (decrease) in other long-term liabilities	Increase (decrease) in other long-term liabilities
Fair Value, Recurring
Assets
Money market funds	$ 40,000	$ 297,474
Interest rate swaps	1,384	0
Equity investments with FVO	19,800	18,346
Equity investments with readily determinable fair value	0	132,480
Interest rate swaps	0	2,293
Total assets	61,184	450,593
Level 3
Liabilities
Derivative liabilities	0	0
Total liabilities	0	0
Level 3 | Fair Value, Recurring
Assets
Money market funds	0	0
Interest rate swaps	0	0
Equity investments with FVO	19,800	18,346
Equity investments with readily determinable fair value	0	0
Interest rate swaps	0	0
Total assets	19,800	18,346
Level 2
Liabilities
Derivative liabilities	2,425	0
Total liabilities	2,425	0
Level 2 | Fair Value, Recurring
Assets
Money market funds	0	0
Interest rate swaps	1,384	0
Equity investments with FVO	0	0
Equity investments with readily determinable fair value	0	0
Interest rate swaps	0	2,293
Total assets	1,384	2,293
Level 1
Liabilities
Derivative liabilities	0	0
Total liabilities	0	0
Level 1 | Fair Value, Recurring
Assets
Money market funds	40,000	297,474
Interest rate swaps	0	0
Equity investments with FVO	0	0
Equity investments with readily determinable fair value	0	132,480
Interest rate swaps	0	0
Total assets	$ 40,000	$ 429,954

Fair Value Measurements - Equit

Fair Value Measurements - Equity Method Investments Activity (Details) - Equity investments with FVO $ in Thousands	3 Months Ended
	Apr. 02, 2023 USD ($)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance as of January 1, 2023	$ 18,346
Equity Distribution	0
Additional Investment	1,454
Other adjustment	0
Ending balance as of April 2, 2023	$ 19,800

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Significant Unobservable Input Sensitivity (Details) - Equity investments with FVO - Level 3 $ in Thousands	Apr. 02, 2023 USD ($)
Discounted cash flows
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total assets	$ 19,800
Measurement Input, Default Rate | Discounted cash flows
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.127
Measurement Input, Default Rate | Valuation Technique, Residual
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.082
Measurement Input, Default Rate | Minimum | Discounted cash flows
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.125
Measurement Input, Default Rate | Minimum | Valuation Technique, Residual
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.063
Measurement Input, Default Rate | Maximum | Discounted cash flows
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.13
Measurement Input, Default Rate | Maximum | Valuation Technique, Residual
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.129

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions		3 Months Ended
	Aug. 09, 2018 shares	Apr. 02, 2023 USD ($) score shares	Apr. 03, 2022 USD ($) shares	Jan. 01, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gain (loss) on investments		$ (10.8)	$ 1.3
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]		Prepaid expenses and other current assets
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]		Increase (decrease) in accrued liabilities
FICO score | score		750
Total Revenues
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Total revenues
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds				$ 40
Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		$ 1.4
Derivative liabilities		2.4
Interest rate swap | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss on derivatives		0.9
Interest rate swap | Total Revenues
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss on derivatives		2.4
Interest rate swap | Derivatives not designated as hedging instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, notional amount		70
Derivative liability, notional amount		93.5
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Retail installment contract receivables, net of current portion		80.4
Accounts receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Retail installment contract receivables, net of current portion		$ 106
Enphase Energy, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment shares sold (in shares) | shares		500,000	1,000,000
Enphase Shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Shares issuable to the company at closing of agreement (in shares) | shares	7,500,000
Proceeds from sale of equity investment		$ 121.7	$ 149.8

Commitments and Contingencies -

Commitments and Contingencies - Facility and Equipment Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 3,621	$ 3,215
Finance lease expense:
Amortization expense	775	11
Interest expense on lease liabilities	189	16
Sublease income	(746)	(87)
Total	3,839	3,155
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	3,749	3,817
Operating cash flows for finance leases	189	16
Financing cash flows for finance leases	775	11
Right-of-use assets and property, plant, and equipment obtained in exchange for leases:
Operating leases	2,086	392
Finance leases	$ 2,435	$ 911
Weighted-average remaining lease term (in years):
Operating leases	3 years 7 months 6 days		3 years 8 months 12 days
Finance leases	3 years 4 months 24 days		3 years 4 months 24 days
Weighted-average discount rate:
Operating leases	7.90%		8%
Finance leases	7%		7%

Commitments and Contingencies_2

Commitments and Contingencies - Future Maturities (Details) $ in Thousands	Apr. 02, 2023 USD ($)
Operating Leases
2023 (remaining nine months)	$ 11,038
2024	12,654
2025	8,940
2026	7,468
2027	4,679
Thereafter	1,855
Total lease payments	46,634
Less: imputed interest	(6,683)
Total	39,951
Finance Leases
2023 (remaining nine months)	3,121
2024	4,027
2025	3,851
2026	2,404
2027	546
Thereafter	39
Total lease payments	13,988
Less: imputed interest	(1,516)
Total	$ 12,472

Commitments and Contingencies_3

Commitments and Contingencies - Purchase Commitment (Details) $ in Thousands	Apr. 02, 2023 USD ($)
Future purchase obligations
Fiscal 2023 (remaining nine months)	$ 267,184
Fiscal 2024	184,926
Fiscal 2025	159,929
Fiscal 2026	778
Fiscal 2027	784
Thereafter	3,745
Total	$ 617,346

Commitments and Contingencies_4

Commitments and Contingencies - Purchase Commitment - Narrative (Details)	Aug. 26, 2020 vendor
Commitments and Contingencies Disclosure [Abstract]
Purchase commitments, number of vendors	1

Commitments and Contingencies_5

Commitments and Contingencies - Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at the beginning of the period	$ 74,751	$ 80,592
Accruals for warranties issued during the period	10,829	757
Settlements and adjustments during the period	(5,078)	(4,843)
Balance at the end of the period	80,502	$ 76,506
Additional warranty expense	$ 6,800

Commitments and Contingencies_6

Commitments and Contingencies - Liabilities Associated with Uncertain Tax Positions - Narrative (Details) - USD ($) $ in Millions	Apr. 02, 2023	Jan. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Unrecognized tax benefits	$ 12.7	$ 12.3

Commitments and Contingencies_7

Commitments and Contingencies - Indemnifications - Narrative (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023	Apr. 03, 2022	Jan. 02, 2022
Other Commitments [Line Items]
Income tax contingencies	$ 8,200	$ 8,200
Estimated litigation liability	3,500
Accrued warranty reserve	80,502	74,751	$ 76,506	$ 80,592
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent
Other Commitments [Line Items]
Income tax contingencies	4,900	$ 4,900
Discontinued Operations | C&I Solutions
Other Commitments [Line Items]
Accrued warranty reserve	$ 27,900

Equity Investments - Equity Met

Equity Investments - Equity Method Investments (Details) $ in Thousands	1 Months Ended	3 Months Ended
	Aug. 31, 2022 investment	Apr. 02, 2023 USD ($)	Apr. 03, 2022 USD ($)	Jan. 01, 2023 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity investments without readily determinable fair value		$ 31,346		$ 31,699
Equity investments with fair value option (“FVO”)		19,800		18,346
Total equity investments		51,145		182,525
Number of equity investments entered into | investment	4
Earnings from equity method investment		1,500
Proceeds from dividend		500
Enphase Energy, Inc.
Schedule of Equity Method Investments [Line Items]
Equity investments with readily determinable fair value		0		132,480
OhmConnect investment
Schedule of Equity Method Investments [Line Items]
Equity investments without readily determinable fair value		5,000		5,000
Equity method investments under the Dealer Accelerator Program
Schedule of Equity Method Investments [Line Items]
Equity investments without readily determinable fair value		26,066		26,419
Earnings from equity method investment		200	$ 0
Other equity investments without readily determinable fair value
Schedule of Equity Method Investments [Line Items]
Equity investments without readily determinable fair value		280		280
SunStrong Capital Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Equity investments with fair value option (“FVO”)		9,871		9,871
Dorado Development Partners, LLC
Schedule of Equity Method Investments [Line Items]
Equity investments with fair value option (“FVO”)		9,626		8,173
SunStrong Partners, LLC
Schedule of Equity Method Investments [Line Items]
Equity investments with fair value option (“FVO”)		302		302
Total equity investment with FVO
Schedule of Equity Method Investments [Line Items]
Equity investments with fair value option (“FVO”)		19,799		18,346
Sea Bright Solar, Inc.
Schedule of Equity Method Investments [Line Items]
Total equity investments				$ 2,000
Ownership percentage				20%
Freedom Solar Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Total equity investments				$ 9,400
Ownership percentage				4.50%
EmPower CES, LLC
Schedule of Equity Method Investments [Line Items]
Total equity investments				$ 6,000
Ownership percentage				20%
Renova Energy Group
Schedule of Equity Method Investments [Line Items]
Total equity investments		$ 8,500
Ownership percentage				10.60%

Equity Investments - Unconsolid

Equity Investments - Unconsolidated VIEs (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Jan. 01, 2023	Mar. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 51,145	$ 182,525
Capital contribution in equity method investee	$ 1,500
Dorado DevCo
Schedule of Equity Method Investments [Line Items]
Ownership percentage			50%
Dorado DevCo | Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Equity method investments			$ 7,900

Equity Investments - Summarized

Equity Investments - Summarized Financial Information of Unconsolidated VIEs (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Schedule of Investments [Line Items]
Net (loss) income	$ 81	$ (589)
Net income (loss) attributable to parents	(54,636)	(32,898)
Current assets	972,587		$ 1,252,519
Current liabilities	690,405		1,051,636
SunStrong Capital Holdings, LLC | Variable Interest Entity, Not Primary Beneficiary
Schedule of Investments [Line Items]
Revenues	38,973	36,156
Net (loss) income	(1,810)	(974)
Net income (loss) attributable to parents	2,537	$ 1,753
Current assets	91,007		88,561
Long-term assets	1,793,244		1,823,437
Current liabilities	66,032		94,414
Long-term liabilities	$ 1,361,904		$ 1,378,462

Equity Investments - Related Pa

Equity Investments - Related Party Transactions with Investees (Details) - SunStrong and SunStrong Partners - Transactions with Investees - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Schedule of Equity Method Investments [Line Items]
Accounts receivable	$ 30,922		$ 33,864
Prepaid expenses and other current assets	4,239		3,959
Other long-term assets	6,549		6,549
Accounts payable	299		165
Accrued liabilities	178		97
Contract liabilities	93,792		$ 63,504
Revenues and fees received from investees for products/services	$ 85,291	$ 42,122

Equity Investments - Consolidat

Equity Investments - Consolidated VIEs (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Variable Interest Entity [Line Items]
Assets	$ 1,478,017		$ 1,763,626
Variable Interest Entity, Primary Beneficiary | Solar Sail
Variable Interest Entity [Line Items]
Revenues	4,200	$ 4,300
Assets	$ 24,400

Debt and Credit Sources - Sched

Debt and Credit Sources - Schedule of Debt (Details) - USD ($) $ in Thousands	Jan. 17, 2023	Apr. 02, 2023	Jan. 01, 2023	Dec. 31, 2015
Debt Instrument [Line Items]
Face Value		$ 286,338	$ 508,672
Short-term		125,344	507,159
Long-term		155,969	308
Total		281,313	507,467
Total recourse debt
Debt Instrument [Line Items]
Face Value		216,680	436,724
Short-term		56,850	436,652
Long-term		155,674	0
Total		212,524	436,652
Total non-recourse debt
Debt Instrument [Line Items]
Face Value		69,658	71,948
Short-term		68,494	70,507
Long-term		295	308
Total		68,789	70,815
4.00% convertible debentures due 2023 | Total recourse debt
Debt Instrument [Line Items]
Face Value			424,991
Short-term			424,919
Long-term			0
Revolver and Term Loan Facility | Total recourse debt
Debt Instrument [Line Items]
Face Value		193,750	0
Short-term		33,920	0
Long-term		155,674	0
Total		189,594	0
Other Debt | Total recourse debt
Debt Instrument [Line Items]
Face Value		22,930	11,733
Short-term		22,930	11,733
Long-term		0	0
Total		22,930	11,733
Other Debt | Total non-recourse debt
Debt Instrument [Line Items]
Face Value		360	371
Short-term		65	64
Long-term		295	308
Total		360	372
Credit Suisse Warehouse Loan | Total non-recourse debt
Debt Instrument [Line Items]
Face Value		69,298	71,577
Short-term		68,429	70,443
Long-term		0	0
Total		68,429	70,443
Convertible Debt | 4.00% convertible debentures due 2023
Debt Instrument [Line Items]
Interest rate				4%
Face Value				$ 425,000
Repayments of debt	$ 425,000
Convertible Debt | 4.00% convertible debentures due 2023 | Total recourse debt
Debt Instrument [Line Items]
Face Value		0
Short-term		0
Long-term		0
Total		$ 0	$ 424,919

Debt and Credit Sources - Sch_2

Debt and Credit Sources - Schedule of Maturities (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Jan. 01, 2023
Aggregate future maturities of outstanding debt
Fiscal 2023 (remaining nine months)	$ 96,025
Fiscal 2024	5,068
Fiscal 2025	5,071
Fiscal 2026	5,075
Fiscal 2027	175,079
Thereafter	20
Total	$ 286,338	$ 508,672

Debt and Credit Sources - Bank

Debt and Credit Sources - Bank of the West (Details) - Letter of Credit - October 2021 Letter of Credit - Bank of the West - USD ($)	Apr. 02, 2023	Oct. 31, 2021
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 25,000,000
Cash collateral for borrowed securities		50%
Letters of credit outstanding, amount	$ 24,300,000
Restricted cash	$ 12,500,000

Debt and Credit Sources - Loan

Debt and Credit Sources - Loan Facility with Credit Suisse AG (Details) - Line of Credit - USD ($)	Oct. 01, 2023	Apr. 02, 2023	Jun. 30, 2022
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 50,000,000
Term Loan Facility with Credit Suisse AG
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 100,000,000
Long-term line of credit	$ 65,300,000	69,300,000
Amount being held in a liquidity reserve account		$ 0
Term Loan Facility with Credit Suisse AG | Minimum
Line of Credit Facility [Line Items]
Weighted-average interest rate		5.40%
Term Loan Facility with Credit Suisse AG | Maximum
Line of Credit Facility [Line Items]
Weighted-average interest rate		6.40%

Debt and Credit Sources - Revol

Debt and Credit Sources - Revolver and Term Loan Facility with Bank of America and Bank of the West (Details) - USD ($) $ in Millions	Jan. 26, 2023	Sep. 12, 2022	Apr. 02, 2023	Dec. 31, 2015
4.00% convertible debentures due 2023 | Convertible Debt
Debt Instrument [Line Items]
Interest rate				4%
Revolver and Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 100
Increase in revolver commitments, amount	$ 100
Letters of credit outstanding, amount			$ 0
Revolver and Term Loan Facility | Fed Funds Effective Rate Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread		0.50%
Revolver and Term Loan Facility | Minimum
Debt Instrument [Line Items]
Commitment fee percentage		0.25%
Revolver and Term Loan Facility | Maximum
Debt Instrument [Line Items]
Commitment fee percentage		0.35%
Term Loan Facility
Debt Instrument [Line Items]
Borrowings outstanding			98.8
Revolver
Debt Instrument [Line Items]
Borrowings outstanding			95
Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 50

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Related Party Transaction [Line Items]
Prepaid and other current assets		$ 5,018		$ 3,959
Other long-term liabilities	[1]	112,214		114,702
Maxeon Solar | Corporate Joint Venture
Related Party Transaction [Line Items]
Purchases of photo-voltaic modules (recorded in cost of revenues)		70,458	$ 72,459
Research and development expenses reimbursement received		464	9,474
Income (expense) from transition services agreement, net		(25)	(266)
Sublease income (recorded in sales, general, and administrative expense)		468	$ 0
Prepaid and other current assets		445		607
Accrued liabilities		8,004		11,239
Accounts payable		43,355		38,486
Other long-term liabilities		$ 1,458		$ 1,458
[1]We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar Technologies, Ltd. (“Maxeon Solar”), and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “accounts receivable, net,” “prepaid expenses and other current assets,” “other long-term assets,” “accounts payable,” “accrued liabilities,” “convertible debt, current portion,” “contract liabilities, current portion,” and “other long-term liabilities” financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 8, Note 9, and Note 11)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ 1,328	$ (8,129)
Loss from continuing operations before income taxes	46,133	15,651
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	(7,400)	(26,300)
Income tax benefit from discontinued operations	78	$ 333
Unrecognized tax benefits	12,700		$ 12,300
Valuation allowance, deferred tax asset, increase	$ 400

Net (Loss) Income Per Share - C

Net (Loss) Income Per Share - Calculation of Basic and Diluted Net (Loss) Income per share Attributable (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Numerator:
Net loss (income) attributable to stockholders - continuing operations	$ (47,354)	$ (7,183)
Net (loss) income attributable to stockholders - discontinued operations	(7,282)	(25,715)
Net (loss) income attributable to stockholders	$ (54,636)	$ (32,898)
Denominator:
Basic weighted-average common shares (in shares)	174,528	173,376
Basic net (loss) income per share - continuing operations (in dollars per share)	$ (0.27)	$ (0.04)
Dilutive net (loss) income per share - continuing operations (in dollars per share)	(0.27)	(0.04)
Basic net loss per share - discontinued operations (in dollars per share)	(0.04)	(0.15)
Dilutive net loss per share - discontinued operations (in dollars per share)	(0.04)	(0.15)
Net income (loss) per share – basic (in dollars per share)	(0.31)	(0.19)
Net income (loss) per share – diluted (in dollars per share)	$ (0.31)	$ (0.19)

Net (Loss) Income Per Share - A

Net (Loss) Income Per Share - Anti-dilutive Securities (Details) - shares shares in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	2,808	3,035
4.00% convertible debentures due 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Interest rate	4%
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	3,001	17,068

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 6,877	$ 5,401
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	1,249	955
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	528	569
Sales, general, and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 5,100	$ 3,877

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - USD ($) $ in Millions	May 01, 2023	Apr. 30, 2023
Revolving Credit Facility | CA-CIB Credit Revolver | Line of Credit
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 300
Financing Commitment, SunStrong
Subsequent Event [Line Items]
Financing commitments		$ 450
Financing Commitment, KKR Credit
Subsequent Event [Line Items]
Financing commitments	$ 550
Solar loans, term	15 months