Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Jan. 01, 2022 | Feb. 17, 2022 | Jul. 03, 2021 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0000855658 | ||
Entity Registrant Name | Lattice Semiconductor Corp | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --01-01 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Jan. 1, 2022 | ||
Document Transition Report | false | ||
Entity File Number | 000-18032 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 93-0835214 | ||
Entity Address, Address Line One | 5555 NE Moore Court | ||
Entity Address, City or Town | Hillsboro | ||
Entity Address, State or Province | OR | ||
Entity Address, Postal Zip Code | 97124-6421 | ||
City Area Code | 503 | ||
Local Phone Number | 268-8000 | ||
Title of 12(b) Security | Common Stock, $.01 par value | ||
Trading Symbol | LSCC | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 6,695,294,586 | ||
Entity Common Stock, Shares Outstanding | 137,689,935 | ||
Auditor Name | Ernst & Young LLP | ||
Auditor Location | San Jose, California | ||
Auditor Firm ID | 42 | ||
ICFR Auditor Attestation Flag | true | ||
KPMG LLP [Member] | |||
Document Information [Line Items] | |||
Auditor Name | KPMG LLP | ||
Auditor Location | Portland, Oregon | ||
Auditor Firm ID | 185 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Revenue | $ 515,327 | $ 408,120 | $ 404,093 |
Cost of revenue | 193,652 | 162,814 | 165,671 |
Gross margin | 321,675 | 245,306 | 238,422 |
Operating expenses: | |||
Research and development | 110,518 | 89,223 | 78,617 |
Selling, general, and administrative | 105,617 | 95,331 | 82,542 |
Amortization of acquired intangible assets | 2,613 | 4,449 | 13,558 |
Restructuring charges | 940 | 3,937 | 4,664 |
Acquisition related charges | 1,171 | 0 | 0 |
Total operating expenses | 220,859 | 192,940 | 179,381 |
Income from operations | 100,816 | 52,366 | 59,041 |
Interest expense | (2,738) | (3,702) | (11,731) |
Other (expense) income, net | (452) | (208) | (2,245) |
Income before income taxes | 97,626 | 48,456 | 45,065 |
Income tax expense | 1,704 | 1,064 | 1,572 |
Net income | $ 95,922 | $ 47,392 | $ 43,493 |
Net income per share: | |||
Basic (in dollars per share) | $ 0.70 | $ 0.35 | $ 0.33 |
Diluted (in dollars per share) | $ 0.67 | $ 0.34 | $ 0.32 |
Shares used in per share calculations: | |||
Basic (in shares) | 136,619 | 135,220 | 132,471 |
Diluted (in shares) | 142,143 | 141,276 | 137,274 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Net income | $ 95,922 | $ 47,392 | $ 43,493 |
Other comprehensive income (loss): | |||
Translation adjustment | (75) | 1,533 | 341 |
Change in actuarial valuation of defined benefit pension, net of tax | 372 | (678) | (602) |
Unrealized gain related to marketable securities, net of tax | 0 | 0 | 42 |
Reclassification adjustment for gains related to marketable securities included in Other expense, net of tax | 0 | 0 | (53) |
Comprehensive income | $ 96,219 | $ 48,247 | $ 43,221 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
Current assets: | ||
Cash and cash equivalents | $ 131,570 | $ 182,332 |
Accounts receivable, net of allowance for credit losses | 79,859 | 64,581 |
Inventories, net | 67,594 | 64,599 |
Prepaid expenses and other current assets | 22,328 | 22,331 |
Total current assets | 301,351 | 333,843 |
Property and equipment, net | 38,094 | 39,666 |
Operating lease right-of-use assets | 23,818 | 22,178 |
Intangible assets, net | 29,782 | 6,321 |
Goodwill | 315,358 | 267,514 |
Other long-term assets | 18,091 | 10,545 |
Total assets | 726,494 | 680,067 |
Current liabilities: | ||
Accounts payable | 34,597 | 27,530 |
Accrued expenses | 26,444 | 21,411 |
Accrued payroll obligations | 27,967 | 18,028 |
Current portion of long-term debt | 17,173 | 12,762 |
Total current liabilities | 106,181 | 79,731 |
Long-term debt, net of current portion | 140,760 | 157,934 |
Long-term operating lease liabilities, net of current portion | 19,248 | 18,906 |
Other long-term liabilities | 48,672 | 39,069 |
Total liabilities | 314,861 | 295,640 |
Contingencies (Note 15) | ||
Stockholders' equity: | ||
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued and outstanding | 0 | 0 |
Common stock, $.01 par value, 300,000,000 shares authorized; 137,239,000 shares issued and outstanding as of January 1, 2022 and 136,236,000 shares issued and outstanding as of January 2, 2021 | 1,372 | 1,362 |
Additional paid-in capital | 701,688 | 770,711 |
Accumulated deficit | (289,976) | (385,898) |
Accumulated other comprehensive loss | (1,451) | (1,748) |
Total stockholders' equity | 411,633 | 384,427 |
Total liabilities and stockholders' equity | $ 726,494 | $ 680,067 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Jan. 01, 2022 | Jan. 02, 2021 |
Preferred stock, par value per share (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value per share (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 300,000,000 | 300,000,000 |
Common stock, shares issued (in shares) | 137,239,000 | 136,236,000 |
Common stock, shares outstanding (in shares) | 137,239,000 | 136,236,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Cash flows from operating activities: | |||
Net income | $ 95,922 | $ 47,392 | $ 43,493 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
Depreciation and amortization | 24,429 | 25,140 | 33,056 |
Stock-based compensation expense | 46,475 | 40,372 | 18,899 |
Amortization of right-of-use assets | 6,587 | 5,960 | 5,797 |
Amortization of debt issuance costs and discount | 362 | 400 | 1,659 |
Loss on refinancing of long-term debt | 0 | 0 | 2,235 |
Impairment of operating lease right-of-use asset | 0 | 0 | 977 |
Other non-cash adjustments | (601) | (256) | (374) |
Changes in assets and liabilities: | |||
Accounts receivable, net | (12,013) | 336 | (4,027) |
Inventories, net | (2,995) | (9,619) | 12,116 |
Prepaid expenses and other assets | 1,918 | (6,441) | 3,740 |
Accounts payable | 7,046 | (16,820) | 12,470 |
Accrued expenses | (2,855) | 6,314 | (3,047) |
Accrued payroll obligations | 9,692 | 4,624 | 4,039 |
Operating lease liabilities, current and long-term portions | (6,245) | (5,715) | (6,896) |
Net cash provided by (used in) operating activities | 167,722 | 91,687 | 124,137 |
Cash flows from investing activities: | |||
Cash paid for business acquisition, net of cash acquired | (68,099) | 0 | 0 |
Capital expenditures | (9,835) | (12,121) | (15,590) |
Cash paid for software and intellectual property licenses | (11,862) | (8,747) | (9,601) |
Proceeds from sales of and maturities of short-term marketable securities | 0 | 0 | 9,655 |
Net cash provided by (used in) investing activities | (89,796) | (20,868) | (15,536) |
Cash flows from financing activities: | |||
Restricted stock unit tax withholdings | (54,191) | (26,965) | (10,084) |
Proceeds from issuance of common stock | 8,827 | 10,103 | 17,166 |
Repurchase of common stock | (70,124) | (14,989) | 0 |
Proceeds from long-term debt | 0 | 50,000 | 206,500 |
Original issue discount and debt issuance costs | 0 | 0 | (2,086) |
Repayment of long-term debt | (13,125) | (26,250) | (321,408) |
Net cash provided by (used in) financing activities | (128,613) | (8,101) | (109,912) |
Effect of exchange rate change on cash | (75) | 1,533 | 341 |
Net increase (decrease) in cash and cash equivalents | (50,762) | 64,251 | (970) |
Beginning cash and cash equivalents | 182,332 | 118,081 | 119,051 |
Ending cash and cash equivalents | 131,570 | 182,332 | 118,081 |
Supplemental disclosure of cash flow information and non-cash investing and financing activities: | |||
Interest paid | 2,313 | 3,700 | 10,995 |
Operating lease payments | 7,639 | 7,713 | 8,425 |
Income taxes paid, net of refunds | 3,304 | 1,868 | 3,393 |
Accrued purchases of plant and equipment | 1,360 | 975 | 826 |
Operating lease right-of-use assets obtained in exchange for lease obligations | $ 8,134 | $ 2,645 | $ 747 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances (in shares) at Dec. 29, 2018 | 129,728,000 | ||||
Balances at Dec. 29, 2018 | $ 1,297 | $ 736,274 | $ (476,783) | $ (2,331) | $ 258,457 |
Net income | 0 | 0 | 43,493 | 0 | 43,493 |
Other comprehensive income (loss) | 0 | 0 | 0 | (272) | (272) |
Total comprehensive income | 43,221 | ||||
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares) | 4,155,000 | ||||
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes | $ 42 | 7,040 | 0 | 0 | 7,082 |
Stock-based compensation expense | $ 0 | 18,899 | 0 | 0 | 18,899 |
Balances (in shares) at Dec. 28, 2019 | 133,883,000 | ||||
Balances at Dec. 28, 2019 | $ 1,339 | 762,213 | (433,290) | (2,603) | 327,659 |
Net income | 0 | 0 | 47,392 | 0 | 47,392 |
Other comprehensive income (loss) | 0 | 0 | 0 | 855 | 855 |
Total comprehensive income | 48,247 | ||||
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares) | 2,738,000 | ||||
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes | $ 27 | (16,889) | 0 | 0 | (16,862) |
Stock-based compensation expense | $ 0 | 40,372 | 0 | 0 | 40,372 |
Repurchase of common stock (in shares) | (385,000) | ||||
Repurchase of common stock | $ (4) | (14,985) | 0 | 0 | $ (14,989) |
Balances (in shares) at Jan. 02, 2021 | 136,236,000 | 136,236,000 | |||
Balances at Jan. 02, 2021 | $ 1,362 | 770,711 | (385,898) | (1,748) | $ 384,427 |
Net income | 0 | 0 | 95,922 | 0 | 95,922 |
Other comprehensive income (loss) | 0 | 0 | 0 | 297 | 297 |
Total comprehensive income | 96,219 | ||||
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares) | 2,270,000 | ||||
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes | $ 23 | (45,387) | 0 | 0 | (45,364) |
Stock-based compensation expense | $ 0 | 46,475 | 0 | 0 | 46,475 |
Repurchase of common stock (in shares) | (1,267,000) | ||||
Repurchase of common stock | $ (13) | (70,111) | 0 | 0 | $ (70,124) |
Balances (in shares) at Jan. 01, 2022 | 137,239,000 | 137,239,000 | |||
Balances at Jan. 01, 2022 | $ 1,372 | $ 701,688 | $ (289,976) | $ (1,451) | $ 411,633 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Significant Accounting Policies | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | 1 Basis of Presentation and Use of Estimates The accompanying Consolidated Financial Statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). They include the accounts of Lattice and its subsidiaries after the elimination of all intercompany balances and transactions. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, the actual results that we experience may Certain prior year balances have been reclassified to conform to the current year’s presentation. Fiscal Reporting Periods We report based on a 52 53 December 31. 2021 52 January 1, 2022. 2020 53 January 2, 2021, 2019 52 December 28, 2019 Concentrations of Risk Potential exposure to concentrations of risk may nd supply of wafers for our new products Distributors have historically accounted for a significant portion of our total revenue. Our two 10% Year Ended January 1, January 2, December 28, 2022 2021 2019 Weikeng Group 37 % 35 % 30 % Arrow Electronics Inc. 27 25 25 Other distributors 23 23 27 Revenue attributable to distributors 87 % 83 % 82 % At January 1, 2022 January 2, 2021 Concentration of credit risk with respect to accounts receivable is mitigated by our credit and collection process including active management of collections, credit limits, routine credit evaluations for essentially all customers, and secure transactions with letters of credit or advance payments where appropriate. We regularly review our allowance for doubtful accounts and the aging of our accounts receivable. We rely on a limited number of foundries for our wafer purchases. We seek to mitigate the concentration of supply risk by establishing, maintaining and managing multiple foundry relationships; however, certain of our products are sourced from a single foundry and changing from one Cash and Cash Equivalents We consider all investments that are readily convertible into cash and that have original maturities of three Foreign Exchange and Translation of Foreign Currencies While our revenues and the majority of our expenses are denominated in U.S. dollars, we also have international subsidiaries and branch operations that conduct some transactions in currencies that differ from the functional currency of that entity. Gains or losses from foreign exchange rate fluctuations on balances denominated in currencies that differ from the functional currencies are reflected in Other expense, net. We translate accounts denominated in foreign currencies in accordance with ASC 830, Foreign Currency Matters Revenue Recognition Under the terms of ASC 606, "Revenue from Contracts with Customers" Our Licensing and services revenue is comprised of revenue from our IP core licensing activity, patent monetization activities, design services, and royalty and adopter fee revenue from our standards activities. These activities are complementary to our product sales and help us to monetize our IP associated with our technology and standards. We consider licensing arrangements with our customers and agreements with the standards consortia of which we are a member to be the contract. For each contract, we consider the promise to deliver a license that grants the customer the right to use the IP, as well as any professional services provided under the contract, as distinct performance obligations. We recognize license revenue at the point in time that control of the license transfers to the customer, which is generally upon delivery, or as usage occurs. We measure revenue based on the amount of consideration we expect to be entitled to in exchange for products or services. Variable consideration is estimated and reflected as an adjustment to the transaction price. We determine variable consideration, which consists primarily of various sales price concessions, by estimating the most likely amount of consideration we expect to receive from the customer based on an analysis of historical rebate claims over a period of time considered adequate to account for current pricing and business trends. Sales rebates earned by customers are offset against their receivable balances. Rebates earned by customers when they do not We generally provide an assurance warranty that our products will substantially conform to the published specifications for twelve may twelve not 340, one twelve Inventories and Cost of Revenue Inventories are stated at the lower of actual cost (determined using the first first Property and Equipment Property and equipment are stated at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets, generally three five one three three Business Combinations Business combinations are accounted for using the acquisition method of accounting, under which we allocate the purchase price paid for a company to identifiable assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. Goodwill is measured as the excess of purchase price over the fair value of identifiable assets acquired and liabilities assumed. Determining the fair value of identifiable tangible and intangible assets acquired and liabilities assumed requires management to make assumptions, estimates, and judgments that are based on all available information, including comparable market data and information obtained from our management and the management of the acquired companies. The estimation of the fair values of the intangible assets requires significant judgment and the use of valuation techniques including primarily the income approach. Consideration is given to all relevant factors that might affect the fair value such as estimates of future revenues and costs, present value factors, and the estimated useful lives of intangible assets. We expense acquisition-related costs in the period incurred. Impairment of Long-Lived Assets Long-lived assets, which consist primarily of property and equipment, amortizable intangible assets, and right-of-use assets, are carried on our financial statements based on their cost less accumulated depreciation or amortization. We monitor the carrying value of our long-lived assets for potential impairment and test the recoverability of such assets whenever events or changes in circumstances indicate that their carrying amounts may not third may Valuation of Goodwill Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not not fourth may not not not no Leases We account for leases under the terms of ASC 842, Leases 12 not not not 842, 2019 01, Leases (Topic 842 842. Right-of-use ("ROU") assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date of the lease based on the present value of lease payments over the lease term. As most of our leases do not The exercise of lease renewal options is at our sole discretion. When deemed reasonably certain of exercise, the renewal options are included in the determination of the lease term and lease payment obligation, respectively. For our leases that contain variable lease payments, residual value guarantees, or restrictive covenants, we have concluded that these inputs are not Research and Development Research and development expenses include costs for compensation and benefits, engineering wafers, depreciation, licenses, and outside engineering services. These expenditures are for the design of new products, intellectual property cores, processes, packaging, and software solutions. Research and development costs are generally expensed as incurred, with certain licensed technology agreements capitalized as intangible assets and amortized to Research and development expense over their estimated useful lives. Restructuring Charges Expenses associated with exit or disposal activities are recognized when incurred under ASC 420, Exit or Disposal Cost Obligations 712, Compensation - Nonretirement Postemployment Benefits. 360, Property, Plant, and Equipment Accounting for Income Taxes We are required to estimate our provision for income taxes and amounts ultimately payable or recoverable in numerous tax jurisdictions around the world. These estimates involve significant judgment and interpretations of regulations and are inherently complex. Resolution of income tax treatments in individual jurisdictions may not not In assessing the ability to realize deferred tax assets, we evaluate both positive and negative evidence that may not Our income tax calculations are based on application of the respective U.S. federal, state or foreign tax law . not not 50% Stock-Based Compensation We estimate the fair value of share-based awards consistent with the provisions of ASC 718, Compensation - Stock Compensation Market-Based and Performance-Based Awards — Grants" Note 11 Our current practice is to issue new shares to satisfy option exercises. For RSUs, we issue new shares when awards vest and Segment Information As of January 1, 2022, one |
Note 2 - Net Income Per Share
Note 2 - Net Income Per Share | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 2 Our calculation of the diluted share count includes the number of shares from our equity awards with market conditions or performance conditions that would be issuable under the terms of such awards at the end of the reporting period. For equity awards with a market condition, the number of shares included in the diluted share count as of the end of each period presented is determined by measuring the achievement of the market condition as of the end of the respective reporting periods. For equity awards with a performance condition, the number of shares that qualified for vesting as of the end of each period presented are included in the diluted share count when the condition for their issuance was satisfied by the end of the respective reporting periods. See " Note 11 A summary of basic and diluted Net income per share is presented in the following table: Year Ended January 1, January 2, December 28, (in thousands, except per share data) 2022 2021 2019 Net income $ 95,922 $ 47,392 $ 43,493 Shares used in basic Net income per share 136,619 135,220 132,471 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 5,524 6,056 4,803 Shares used in diluted Net income per share 142,143 141,276 137,274 Basic Net income per share $ 0.70 $ 0.35 $ 0.33 Diluted Net income per share $ 0.67 $ 0.34 $ 0.32 The computation of diluted Net income per share excludes the effects of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition that are antidilutive, aggregating to approximately the following number of shares: Year Ended January 1, January 2, December 28, (in thousands) 2022 2021 2019 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 638 646 890 |
Note 3 - Revenue From Contracts
Note 3 - Revenue From Contracts With Customers | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 3 Disaggregation of Revenue The following tables provide information about revenue from contracts with customers disaggregated by channel and by geographical market, based on ship-to location of the customer: Year Ended Revenue by Channel January 1, January 2, December 28, (In thousands) 2022 2021 2019 Product revenue - Distributors $ 449,650 87 % $ 339,100 83 % $ 331,941 82 % Product revenue - Direct 45,202 9 % 49,402 12 % 50,607 13 % Licensing and services 20,475 4 % 19,618 5 % 21,545 5 % Total revenue $ 515,327 100 % $ 408,120 100 % $ 404,093 100 % Revenue by Geographical Market (In thousands) United States $ 60,176 12 % $ 43,945 11 % $ 44,330 11 % Other Americas 20,694 4 % 18,192 4 % 13,606 3 % Americas 80,870 16 % 62,137 15 % 57,936 14 % China 281,237 55 % 213,714 52 % 206,107 51 % Japan 47,915 9 % 25,435 6 % 42,658 11 % Other Asia 55,416 10 % 66,034 17 % 50,000 12 % Asia 384,568 74 % 305,183 75 % 298,765 74 % Europe 49,889 10 % 40,800 10 % 47,392 12 % Total revenue $ 515,327 100 % $ 408,120 100 % $ 404,093 100 % Contract Balances Our contract assets relate to our rights to consideration for licenses and royalties due to us as a member of the HDMI consortium, with collection dependent on events other than the passage of time, such as collection of licenses and royalties from customers by the HDMI licensing agent. The balance results primarily from the amount of estimated revenue related to HDMI that we have recognized to date, but which has not The following table summarizes activity during the periods presented: (In thousands) Contract assets as of December 28, 2019 $ 5,569 Revenues recorded during the period 15,860 Transferred to Accounts receivable or collected (15,818 ) Contract assets as of January 2, 2021 $ 5,611 Revenues recorded during the period 15,587 Transferred to Accounts receivable or collected (15,526 ) Contract assets as of January 1, 2022 $ 5,672 Contract liabilities are included in Accrued expenses on our Consolidated Balance Sheets. The following table summarizes activity during the periods presented: (In thousands) Contract liabilities as of December 28, 2019 $ 2,313 Accruals for estimated future stock rotation and scrap returns 5,976 Less: Release of accruals for recognized stock rotation and scrap returns (5,221 ) Contract liabilities as of January 2, 2021 $ 3,068 Accruals for estimated future stock rotation and scrap returns 4,613 Less: Release of accruals for recognized stock rotation and scrap returns (2,913 ) Contract liabilities as of January 1, 2022 $ 4,768 |
Note 4 - Balance Sheet Componen
Note 4 - Balance Sheet Components | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | Note 4 Accounts Receivable Accounts receivable do not January 1, January 2, (In thousands) 2022 2021 Accounts receivable $ 79,859 $ 64,635 Less: Allowance for credit losses — (54 ) Accounts receivable, net of allowance for credit losses $ 79,859 $ 64,581 We had no 2021, 2020, 2019. Inventories January 1, January 2, (In thousands) 2022 2021 Work in progress $ 43,546 $ 34,724 Finished goods 24,048 29,875 Total inventories, net $ 67,594 $ 64,599 Accrued Expenses Included in Accrued expenses in the Consolidated Balance Sheets are the following balances: January 1, January 2, (In thousands) 2022 2021 Liability for non-cancelable contracts $ 9,930 $ 8,492 Current portion of operating lease liabilities 5,696 4,149 Contract liability under ASC 606 4,768 3,068 Other accrued expenses 6,050 5,702 Total accrued expenses $ 26,444 $ 21,411 Cloud Based Computing Implementation Costs Under the guidance in ASU 2018 15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350 40 (In thousands) Cloud based computing implementation costs as of December 28, 2019 $ 2,543 Costs capitalized 983 Amortization (695 ) Cloud based computing implementation costs as of January 2, 2021 $ 2,831 Costs capitalized 324 Amortization (775 ) Cloud based computing implementation costs as of January 1, 2022 $ 2,380 |
Note 5 - Property and Equipment
Note 5 - Property and Equipment | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 5 January 1, January 2, (In thousands) 2022 2021 Production equipment and software $ 133,039 $ 135,774 Leasehold improvements 12,960 12,913 Office furniture and equipment 2,000 2,161 147,999 150,848 Accumulated depreciation and amortization (109,905 ) (111,182 ) $ 38,094 $ 39,666 For fiscal years 2021 2020 2019, Property and Equipment – Geographic Information Our Property and equipment, net by country at the end of each period was as follows: January 1, January 2, (In thousands) 2022 2021 United States $ 26,509 $ 29,440 Taiwan 6,555 5,171 Philippines 2,498 2,912 China 1,643 1,537 Other 889 606 Total foreign property and equipment, net 11,585 10,226 Total property and equipment, net $ 38,094 $ 39,666 |
Note 6 - Business Combination a
Note 6 - Business Combination and Goodwill | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 6 On November 12, 2021, 100% Purchase consideration was allocated to the tangible and intangible assets and liabilities assumed on the basis of the respective estimated fair values on the acquisition date. The purchase price allocation has been substantially completed, but may (In thousands) Estimated Fair Value Assets acquired: Cash and cash equivalents $ 437 Accounts receivable 3,265 Other current assets 262 Property and equipment 156 Intangible assets 24,800 Goodwill 47,844 Total assets acquired 76,764 Liabilities assumed Accounts payable 21 Accrued expenses 5 Accrued payroll obligations 247 Long-term liabilities 7,955 Total liabilities assumed 8,228 Fair value of net assets acquired $ 68,536 The following table presents details of the identified intangible assets acquired through the acquisition of Mirametrix: Useful Life Fair Value (In years) (In thousands) Existing technology 7 $ 13,500 Customer relationships 7 9,800 Trade name / trademarks 10 1,500 Total identified intangible assets subject to amortization $ 24,800 We do not Goodwill Goodwill represents the excess of the purchase price over the fair value of the underlying net tangible and intangible assets. The goodwill recognized in the acquisition of Mirametrix was derived from expected benefits from cost synergies and the knowledgeable and experienced workforce who joined the Company after the acquisition. Goodwill resulting from the acquisition is not The goodwill balance of approximately $315.4 million at January 1, 2022 2021 2020, 2019. |
Note 7 - Intangible Assets
Note 7 - Intangible Assets | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 7 In connection with our acquisitions of Mirametrix, Inc. in November 2021, March 2015, December 2011, 820, Fair Value Measurements third 2021 2020, 2019. The following tables summarize the details of our Intangible assets, net as of January 1, 2022 January 2, 2021 January 1, 2022 (In thousands) Weighted Average Amortization Period (in years) Gross Accumulated Amortization Intangible assets, net Existing technology 5.1 $ 124,487 $ (111,090 ) $ 13,397 Customer relationships 6.1 32,734 (22,947 ) 9,787 Trade name / trademarks 10.0 1,500 (19 ) 1,481 Licensed technology 6.3 6,551 (1,434 ) 5,117 Total identified intangible assets $ 165,272 $ (135,490 ) $ 29,782 January 2, 2021 (In thousands) Weighted Average Amortization Period (in years) Gross Accumulated Amortization Intangible assets, net Developed technology 5.0 $ 110,987 $ (109,162 ) $ 1,825 Customer relationships 5.8 22,934 (22,281 ) 653 Licensed technology 6.6 4,376 (533 ) 3,843 Total identified intangible assets $ 138,297 $ (131,976 ) $ 6,321 We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table: Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Research and development $ 901 $ 124 $ 55 Amortization of acquired intangible assets 2,613 4,449 13,558 $ 3,514 $ 4,573 $ 13,613 The annual expected amortization expense of acquired intangible assets is as follows: Fiscal year (in thousands) 2022 $ 4,771 2023 4,492 2024 4,280 2025 4,233 2026 4,233 Thereafter 7,773 Total $ 29,782 |
Note 8 - Long-term Debt
Note 8 - Long-term Debt | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | 8 On May 17, 2019, five five not We used the $175.0 million term loan proceeds and an initial $31.5 million revolving loan draw at closing to (i) repay the $204.4 million obligation outstanding under our previous credit agreement (the “Previous Credit Agreement”), and (ii) pay fees and expenses totaling $2.1 million incurred in connection with the Current Credit Agreement. The revolving loan may 2019. At our option, the term loan and the revolving loan (collectively, "long-term debt") accrue interest at a per annum rate based on either (i) the base rate plus a margin ranging from 0.25% to 1.00%, determined based on our total leverage ratio or (ii) the London Interbank Offered Rate ("LIBOR") for interest periods of 1, 2, 3 6 1 January 1, 2022, The term loan is payable through a combination of (i) required quarterly installments of approximately $4.4 million, and (ii) any payments due upon certain issuances of additional indebtedness and certain asset dispositions, with any remaining outstanding principal amount due and payable on the maturity date of the term loan. The revolving loan is payable at our discretion, with any remaining outstanding principal amount due and payable on the maturity date of the revolving loan. The Current Credit Agreement contains customary affirmative and negative covenants, including covenants limiting the ability of the Company to, among other things, incur debt, grant liens, undergo certain fundamental changes, make investments, make certain restricted payments, dispose of assets, enter into transactions with affiliates, and enter into burdensome agreements, in each case, subject to limitations and exceptions set forth in the Current Credit Agreement. We are also required to maintain compliance with a total leverage ratio and an interest coverage ratio, in each case, determined in accordance with the terms of the Current Credit Agreement. We account for the original issue discount and the debt issuance costs as a reduction to the carrying value of our long-term debt on our Consolidated Balance Sheets. We amortize the discount and costs to Interest expense in our Consolidated Statements of Operations over the contractual term using the effective interest method. We determine the Current portion of long-term debt as the sum of the required quarterly installments to be made over the next twelve twelve During fiscal 2021, January 1, January 2, (In thousands) 2022 2021 Principal amount $ 158,750 $ 171,875 Unamortized original issuance discount and debt costs (817 ) (1,179 ) Less: Current portion of long-term debt (17,173 ) (12,762 ) Long-term debt, net of current portion and unamortized debt issue costs $ 140,760 $ 157,934 Interest expense related to our long-term debt is included in Interest expense on our Consolidated Statements of Operations as follows: Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Contractual interest $ 2,304 $ 3,319 $ 10,278 Amortization of original issuance discount and debt costs 362 400 1,659 Total interest expense related to long-term debt $ 2,666 $ 3,719 $ 11,937 Expected future principal payments are based on the schedule of required quarterly installments. As of January 1, 2022, Fiscal year (in thousands) 2022 17,500 2023 17,500 2024 123,750 $ 158,750 |
Note 9 - Restructuring
Note 9 - Restructuring | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Restructuring and Related Activities Disclosure [Text Block] | 9 In March 2020, “Q1 2020 plan, we incurred restructuring expense of approximately $0.2 million and $2.0 million, respectively, during fiscal 2021 2020 . Approximately $2.2 million of total expense has been incurred through January 1, 2022 Q1 2020 Q1 2020 In April 2019, “Q2 2019 2021, 2020 2019. January 1, 2022 Q2 2019 All actions planned under the Q2 2019 In June 2017, "June 2017 guring our use of certain leased properties. Under this plan, we incurred restructuring expense of approximately $0.7 million, $1.9 million, and $2.7 million, respectively, during fiscal 2021, 2020, 2019. January 1, 2022 June 2017 June 2017 These expenses and credits were recorded to Restructuring charges on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accrued expenses and Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to the restructuring plans described above: (In thousands) Severance & Related (1) Lease Termination & Fixed Assets Software Contracts & Engineering Tools (2) Other (3) Total Accrued Restructuring at December 29, 2018 $ 1,814 $ 8,630 $ 218 $ 18 $ 10,680 Restructuring charges 625 2,716 — 1,323 4,664 Costs paid or otherwise settled (2,279 ) (4,761 ) (218 ) (476 ) (7,734 ) Accrued Restructuring at December 28, 2019 $ 160 $ 6,585 $ — $ 865 $ 7,610 Restructuring charges 1,669 1,896 — 372 3,937 Costs paid or otherwise settled (1,583 ) (248 ) — (573 ) (2,404 ) Accrued Restructuring at January 2, 2021 $ 246 $ 8,233 $ — $ 664 $ 9,143 Restructuring charges 250 690 — — 940 Costs paid or otherwise settled (245 ) (1,793 ) — (664 ) (2,702 ) Accrued Restructuring at January 1, 2022 $ 251 $ 7,130 $ — $ — $ 7,381 ( 1 Includes employee relocation costs and outplacement costs, and accelerated stock compensation ( 2 Includes cancellation of contracts, asset impairments, and accelerated depreciation on certain enterprise resource planning and customer relationship management systems ( 3 Includes termination fees on the cancellation of certain contracts under the Q2 2019 |
Note 10 - Leases
Note 10 - Leases | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 10 We have operating leases for corporate offices, sales offices, research and development facilities, storage facilities, and a data center, all of which are leased under operating leases that expire at various times through 2028. first 2021, January 1, 2022. 2021 2020, 2019. The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during fiscal 2021 Operating lease right-of-use assets (in thousands) Balance as of January 2, 2021 $ 22,178 Right-of-use assets obtained for new and modified lease contracts during the period 8,134 Amortization of right-of-use assets during the period (6,587 ) Adjustments for present value and foreign currency effects 93 Balance as of January 1, 2022 $ 23,818 Operating lease liabilities (in thousands) Balance as of January 2, 2021 $ 23,055 Lease liabilities incurred for new lease contracts during the period 8,134 Accretion of lease liabilities 1,305 Operating cash used by payments on lease liabilities (7,639 ) Adjustments for present value and foreign currency effects 89 Balance as of January 1, 2022 24,944 Less: Current portion of operating lease liabilities (included in Accrued expenses) (5,696 ) Long-term operating lease liabilities, net of current portion $ 19,248 Lease obligations for facilities restructured prior to the adoption of Topic 842 January 1, 2022 Maturities of operating lease liabilities as of January 1, 2022 Fiscal year (in thousands) 2022 6,917 2023 7,446 2024 5,408 2025 3,651 2026 2,532 Thereafter 2,082 Total lease payments 28,036 Less: amount representing interest (3,092 ) Total lease liabilities $ 24,944 |
Note 11 - Stock-Based Compensat
Note 11 - Stock-Based Compensation Plans | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 11 Employee and Director Stock Options, Restricted Stock, and ESPP Plans We have two "2013 "2011 2013 422 four not ten In May 2012, 2012 "2012 six 2012 January 1, 2022 , a total of 1.1 million shares of our common stock were available for future purchases under the 2012 At January 1, 2022 , a total of 7.5 million shares of our common stock were available for future grants under the 2013 2011 2018 2.2:1 2013 two two 2013 one 2021 , a total of 2.3 million shares were adjusted out of the 2013 Stock-Based Compensation Expense Total stock-based compensation expense included in our Consolidated Statements of Operations is presented in the following table: Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Cost of revenue $ 3,049 $ 3,179 $ 1,422 Research and development 14,563 10,124 5,640 Selling, general, and administrative 28,863 27,069 11,837 Total stock-based compensation $ 46,475 $ 40,372 $ 18,899 ESPP and Stock Options The fair values of the shares expected to be issued under the employee stock purchase plan and of each option award on the date of grant were estimated using the Black-Scholes valuation model and the assumptions noted in the following table. No 2021, 2020, 2019. zero no not not The following table summarizes the assumptions used in the valuation of ESPP compensation for the periods presented: Year Ended January 1, January 2, December 28, 2022 2021 2019 Employee Stock Purchase Plan Weighted average expected volatility 39.9% 48.2% 31.6% Weighted average risk-free interest rate 0.07% 0.89% 2.51% Expected term (in months) 6 6 6 The weighted average fair values for the ESPP, calculated using the Black-Scholes option pricing model with the noted assumptions for the ESPP, were $13.04, $6.62, and $1.69 for fiscal years 2021 2020 2019, At January 1, 2022, 2021 2020 2019 d stock compensation expense $1.2 million, $1.0 million, and $0.5 million, respectively, related to the ESPP, and $1.0 million, related to stock options . The following table summarizes our stock option activity and related information for the year ended January 1, 2022: (Shares and aggregate intrinsic value in thousands) Shares Weighted average exercise price Weighted average remaining contractual term (years) Aggregate Intrinsic Value Balance, January 2, 2021 2,200 $ 6.40 Granted — — Exercised (822 ) 6.02 Forfeited or expired (11 ) 5.73 Balance, January 1, 2022 1,367 $ 6.62 Vested and expected to vest at January 1, 2022 1,367 $ 6.62 2.92 $ 96,315 Exercisable, January 1, 2022 1,367 $ 6.62 2.92 $ 96,315 The aggregate intrinsic value in the table above represents the total pretax intrinsic value (the difference between the Company's closing stock price on the last trading day of the fiscal year and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on that day. This amount changes based on the fair market value of the Company's stock. Total intrinsic value of options exercised for fiscal 2021 2020 2019 Time-Based Restricted Stock Unit Awards The following table summarizes the activity for our time-based RSUs for the year ended January 1, 2022: (Shares in thousands) Shares Weighted average grant date fair value Balance, January 2, 2021 2,998 $ 16.76 Granted 1,176 56.29 Vested (1,392 ) 14.66 Forfeited or expired (98 ) 19.71 Balance, January 1, 2022 2,684 $ 35.06 At January 1, 2022, $62.4 million 2021 2020 2019 d stock compensation expense related to time-based RSUs $21.7 million, Market-Based and Performance-Based Awards In 2019 through 2021 , we granted awards of RSUs with either a market condition or a performance condition to certain executives. Market-Based and Performance-Based Awards — Grants In the first 2021 2020, Under the terms of these grants, the RSUs with a market condition vest over a three total shareholder return ("TSR") relative to the Russell 2000 2021 third and measured for one 2020 second third The awards may 75th 55th zero 25th 25th 75th In the first 2021, one fourth 2024. 13 five In fiscal 2019, 2013 three 75th 50th zero 25th 25th 75th 2019, 2013 four two four Market-Based and Performance-Based Awards — Vesting During the first 2021, first 2019 75th second third fourth 2021, 75th second third As of the end of the second third 2021, second third 33.3% four two four January 1, 2022, four two four fourth 40% During the first 2020, first 2019 75th first first 2020, first four two four third fourth 2020, 75th one third Market-Based and Performance-Based Awards — Compensation Expense During the first 2020, 2020. first 2020. For our awards with a market condition or a performance condition, we incurred stock compensation expense, including the effect of the modification in the first 2020, 2021 , 2020 , and 2019 , respectively. January 1, 2022, $25.3 million The following table summarizes the assumptions used at the grant date in the valuation of RSUs with a market or performance condition: Year Ended January 1, January 2, December 28, 2022 2021 2019 Executive RSUs with a market condition or performance condition Weighted average expected volatility 50.37% to 52.11% 42.38% 40.15% to 41.10% Weighted average risk-free interest rate 0.22% to 0.77% 1.40% 1.66% to 2.55% Expected term (years) 3.00 to 5.00 3.00 3.00 The following table summarizes the activity for our awards with a market condition or performance condition: (Shares in thousands) Shares Weighted average grant date fair value Balance, January 2, 2021 1,021 $ 20.42 Granted 630 57.29 Effect of vesting multiplier 479 — Vested (884 ) 13.87 Balance, January 1, 2022 1,246 $ 41.23 |
Note 12 - Common Stock Repurcha
Note 12 - Common Stock Repurchase Program | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Treasury Stock [Text Block] | Note 12 On February 19, 2021, "2021 2021 twelve 2021 fourth 2021, January 1, 2022, twelve 2021 2021 2021 On November 8, 2021, "2022 2022 December 2022. 2022 fourth 2021, January 1, 2022, 2022 2022 2021 |
Note 13 - Income Taxes
Note 13 - Income Taxes | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 13 We are subject to federal and state income tax as well as income tax in the various foreign jurisdictions in which we operate. The domestic and foreign components of Income before income taxes were as follows: Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Domestic $ 24,003 $ 11,772 $ 33,417 Foreign 73,623 36,684 11,648 Income before taxes $ 97,626 $ 48,456 $ 45,065 The components of Income tax expense are as follows: Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Current: Federal $ 445 $ 54 $ 499 State 45 68 45 Foreign 1,538 1,025 1,345 2,028 1,147 1,889 Deferred: Federal — — — State — — — Foreign (324 ) (83 ) (317 ) (324 ) (83 ) (317 ) Income tax expense $ 1,704 $ 1,064 $ 1,572 Income tax expense differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income as a result of the following differences: Year Ended January 1, January 2, December 28, 2022 2021 2019 % % % Statutory federal rate 21 21 21 Adjustments for tax effects of: State taxes, net (4) (4) 3 Federal tax credits (3) (3) 3 Excess tax benefit for stock compensation (8) (10) (6) Foreign rate differential (14) (12) (2) U.S. tax on foreign operations 3 15 — Foreign withholding taxes 1 3 3 Capital loss expiration 3 — 1 Other deferred tax asset adjustment — 3 — Valuation allowance 8 (13) (19) Change in uncertain tax benefit accrual (5) 2 — Effective income tax rate 2 2 4 We updated our evaluation of the valuation allowance position in the United States through January 1, 2022 not . The components of our net deferred tax assets and liabilities are as follows: (In thousands) January 1, 2022 January 2, 2021 Deferred tax assets: Intangible assets $ 8,236 $ 10,082 Net operating loss carry forwards 88,254 87,443 Tax credit carry forwards 93,095 83,534 Accrued expenses and reserves 6,590 5,464 Stock-based and deferred compensation 4,477 3,851 Other 6,615 9,493 Total deferred tax assets 207,267 199,867 Less: valuation allowance (200,438 ) (192,478 ) Net deferred tax assets 6,829 7,389 Deferred tax liabilities: Fixed assets 2,379 2,809 Unremitted earnings 2,128 1,746 Other 9,969 4,003 Total deferred tax liabilities 14,476 8,558 Net deferred taxes $ (7,647 ) $ (1,169 ) Reported as: Deferred tax assets (included in Other long-term assets) $ 953 $ 577 Deferred tax liabilities (included in Other long-term liabilities) (8,600 ) (1,746 ) Net deferred taxes $ (7,647 ) $ (1,169 ) The following table displays the activity related to changes in our valuation allowance for deferred tax assets: Fiscal Years Ended Balance at beginning Charged (Credit) to costs and Charged (credit) to other Balance at end of (in thousands) of period expenses accounts period January 1, 2022 $ 192,478 $ 7,960 $ — $ 200,438 January 2, 2021 $ 198,499 $ (6,021 ) $ — $ 192,478 December 28, 2019 $ 207,108 $ (8,609 ) $ — $ 198,499 At January 1, 2022, 2022 2037, not 2022 2037. 2022 2041, not Future utilization of federal and state net operating losses and tax credit carry forwards may 50% three not 2021. may Foreign earnings may January 1, 2022, not At January 1, 2022 January 2, 2021, January 1, 2022 January 2, 2021, not table below. We accrue interest and penalties related to uncertain tax positions in Income tax expense. The following table summarizes the changes to unrecognized tax benefits for the fiscal years presented: (in thousands) Balance at December 29, 2018 $ 58,285 Additions based on tax positions related to the current year 238 Additions based on tax positions of prior years 1,084 Reduction for tax positions of prior years (213 ) Reduction as a result of lapse of applicable statute of limitations (2,432 ) Balance at December 28, 2019 56,962 Additions based on tax positions related to the current year 548 Additions based on tax positions of prior years 628 Reductions for tax positions of prior years — Reduction as a result of lapse of applicable statute of limitations (2,401 ) Balance at January 2, 2021 55,737 Additions based on tax positions related to the current year 1,156 Additions based on tax positions of prior years 1,130 Additions due to acquisition 977 Settlements (51 ) Reduction as a result of lapse of applicable statute of limitations (2,718 ) Balance at January 1, 2022 $ 56,231 Our liability for uncertain tax positions (including penalties and interest) was $21.6 million and $22.3 million at January 1, 20 22 January 2, 2021 , respectively, and is recorded as a component of Other long-term liabilities on our Consolidated Balance Sheets. The remainder of our uncertain tax position exposure of $44.2 million and $42.5 million at January 1, 2022 January 2, 2021, At January 1, 2022, twelve The years that remain subject to examination ar e 2017 may 2019 2020 |
Note 14 - Employee Benefit Plan
Note 14 - Employee Benefit Plans | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | Note 14 Qualified Investment Plan In 1990, 401 may not 2021 2020 2019 Cash Incentive Plans For 2021 2020 2019 not first 2021 2020 2019 |
Note 15 - Contingencies
Note 15 - Contingencies | 12 Months Ended |
Jan. 01, 2022 | |
Notes to Financial Statements | |
Contingencies Disclosure [Text Block] | 15 Legal Matters On or about December 19, 2018, 2008. January 2019, not From time to time, we are exposed to certain additional asserted and unasserted potential claims. We review the status of each significant matter and assess its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and a range of possible losses can be estimated, we then accrue a liability for the estimated loss. Legal proceedings are subject to uncertainties, and the outcomes are difficult to predict. Because of such uncertainties, accruals are based only on the best information available at the time. As additional information becomes available, we reassess the potential liability related to pending claims and litigation and may |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Jan. 01, 2022 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | The accompanying Consolidated Financial Statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). They include the accounts of Lattice and its subsidiaries after the elimination of all intercompany balances and transactions. |
Use of Estimates, Policy [Policy Text Block] | The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, the actual results that we experience may Certain prior year balances have been reclassified to conform to the current year’s presentation. |
Fiscal Period, Policy [Policy Text Block] | Fiscal Reporting Periods We report based on a 52 53 December 31. 2021 52 January 1, 2022. 2020 53 January 2, 2021, 2019 52 December 28, 2019 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Risk Potential exposure to concentrations of risk may nd supply of wafers for our new products Distributors have historically accounted for a significant portion of our total revenue. Our two 10% Year Ended January 1, January 2, December 28, 2022 2021 2019 Weikeng Group 37 % 35 % 30 % Arrow Electronics Inc. 27 25 25 Other distributors 23 23 27 Revenue attributable to distributors 87 % 83 % 82 % At January 1, 2022 January 2, 2021 Concentration of credit risk with respect to accounts receivable is mitigated by our credit and collection process including active management of collections, credit limits, routine credit evaluations for essentially all customers, and secure transactions with letters of credit or advance payments where appropriate. We regularly review our allowance for doubtful accounts and the aging of our accounts receivable. We rely on a limited number of foundries for our wafer purchases. We seek to mitigate the concentration of supply risk by establishing, maintaining and managing multiple foundry relationships; however, certain of our products are sourced from a single foundry and changing from one |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents We consider all investments that are readily convertible into cash and that have original maturities of three |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Exchange and Translation of Foreign Currencies While our revenues and the majority of our expenses are denominated in U.S. dollars, we also have international subsidiaries and branch operations that conduct some transactions in currencies that differ from the functional currency of that entity. Gains or losses from foreign exchange rate fluctuations on balances denominated in currencies that differ from the functional currencies are reflected in Other expense, net. We translate accounts denominated in foreign currencies in accordance with ASC 830, Foreign Currency Matters |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition Under the terms of ASC 606, "Revenue from Contracts with Customers" Our Licensing and services revenue is comprised of revenue from our IP core licensing activity, patent monetization activities, design services, and royalty and adopter fee revenue from our standards activities. These activities are complementary to our product sales and help us to monetize our IP associated with our technology and standards. We consider licensing arrangements with our customers and agreements with the standards consortia of which we are a member to be the contract. For each contract, we consider the promise to deliver a license that grants the customer the right to use the IP, as well as any professional services provided under the contract, as distinct performance obligations. We recognize license revenue at the point in time that control of the license transfers to the customer, which is generally upon delivery, or as usage occurs. We measure revenue based on the amount of consideration we expect to be entitled to in exchange for products or services. Variable consideration is estimated and reflected as an adjustment to the transaction price. We determine variable consideration, which consists primarily of various sales price concessions, by estimating the most likely amount of consideration we expect to receive from the customer based on an analysis of historical rebate claims over a period of time considered adequate to account for current pricing and business trends. Sales rebates earned by customers are offset against their receivable balances. Rebates earned by customers when they do not We generally provide an assurance warranty that our products will substantially conform to the published specifications for twelve may twelve not 340, one twelve |
Inventory, Policy [Policy Text Block] | Inventories and Cost of Revenue Inventories are stated at the lower of actual cost (determined using the first first |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are stated at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets, generally three five one three three |
Business Combinations Policy [Policy Text Block] | Business Combinations Business combinations are accounted for using the acquisition method of accounting, under which we allocate the purchase price paid for a company to identifiable assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. Goodwill is measured as the excess of purchase price over the fair value of identifiable assets acquired and liabilities assumed. Determining the fair value of identifiable tangible and intangible assets acquired and liabilities assumed requires management to make assumptions, estimates, and judgments that are based on all available information, including comparable market data and information obtained from our management and the management of the acquired companies. The estimation of the fair values of the intangible assets requires significant judgment and the use of valuation techniques including primarily the income approach. Consideration is given to all relevant factors that might affect the fair value such as estimates of future revenues and costs, present value factors, and the estimated useful lives of intangible assets. We expense acquisition-related costs in the period incurred. |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets Long-lived assets, which consist primarily of property and equipment, amortizable intangible assets, and right-of-use assets, are carried on our financial statements based on their cost less accumulated depreciation or amortization. We monitor the carrying value of our long-lived assets for potential impairment and test the recoverability of such assets whenever events or changes in circumstances indicate that their carrying amounts may not third may |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Valuation of Goodwill Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not not fourth may not not not no |
Lessee, Leases [Policy Text Block] | Leases We account for leases under the terms of ASC 842, Leases 12 not not not 842, 2019 01, Leases (Topic 842 842. Right-of-use ("ROU") assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date of the lease based on the present value of lease payments over the lease term. As most of our leases do not The exercise of lease renewal options is at our sole discretion. When deemed reasonably certain of exercise, the renewal options are included in the determination of the lease term and lease payment obligation, respectively. For our leases that contain variable lease payments, residual value guarantees, or restrictive covenants, we have concluded that these inputs are not |
Research and Development Expense, Policy [Policy Text Block] | Research and Development Research and development expenses include costs for compensation and benefits, engineering wafers, depreciation, licenses, and outside engineering services. These expenditures are for the design of new products, intellectual property cores, processes, packaging, and software solutions. Research and development costs are generally expensed as incurred, with certain licensed technology agreements capitalized as intangible assets and amortized to Research and development expense over their estimated useful lives. |
Costs Associated with Exit or Disposal Activities or Restructurings, Policy [Policy Text Block] | Restructuring Charges Expenses associated with exit or disposal activities are recognized when incurred under ASC 420, Exit or Disposal Cost Obligations 712, Compensation - Nonretirement Postemployment Benefits. 360, Property, Plant, and Equipment |
Income Tax, Policy [Policy Text Block] | Accounting for Income Taxes We are required to estimate our provision for income taxes and amounts ultimately payable or recoverable in numerous tax jurisdictions around the world. These estimates involve significant judgment and interpretations of regulations and are inherently complex. Resolution of income tax treatments in individual jurisdictions may not not In assessing the ability to realize deferred tax assets, we evaluate both positive and negative evidence that may not Our income tax calculations are based on application of the respective U.S. federal, state or foreign tax law . not not 50% |
Share-based Payment Arrangement [Policy Text Block] | Stock-Based Compensation We estimate the fair value of share-based awards consistent with the provisions of ASC 718, Compensation - Stock Compensation Market-Based and Performance-Based Awards — Grants" Note 11 Our current practice is to issue new shares to satisfy option exercises. For RSUs, we issue new shares when awards vest and |
Segment Reporting, Policy [Policy Text Block] | Segment Information As of January 1, 2022, one |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and Significant Accounting Policies (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Year Ended January 1, January 2, December 28, 2022 2021 2019 Weikeng Group 37 % 35 % 30 % Arrow Electronics Inc. 27 25 25 Other distributors 23 23 27 Revenue attributable to distributors 87 % 83 % 82 % |
Note 2 - Net Income Per Share (
Note 2 - Net Income Per Share (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year Ended January 1, January 2, December 28, (in thousands, except per share data) 2022 2021 2019 Net income $ 95,922 $ 47,392 $ 43,493 Shares used in basic Net income per share 136,619 135,220 132,471 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 5,524 6,056 4,803 Shares used in diluted Net income per share 142,143 141,276 137,274 Basic Net income per share $ 0.70 $ 0.35 $ 0.33 Diluted Net income per share $ 0.67 $ 0.34 $ 0.32 Year Ended January 1, January 2, December 28, (in thousands) 2022 2021 2019 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 638 646 890 |
Note 3 - Revenue From Contrac_2
Note 3 - Revenue From Contracts With Customers (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Year Ended Revenue by Channel January 1, January 2, December 28, (In thousands) 2022 2021 2019 Product revenue - Distributors $ 449,650 87 % $ 339,100 83 % $ 331,941 82 % Product revenue - Direct 45,202 9 % 49,402 12 % 50,607 13 % Licensing and services 20,475 4 % 19,618 5 % 21,545 5 % Total revenue $ 515,327 100 % $ 408,120 100 % $ 404,093 100 % Revenue by Geographical Market (In thousands) United States $ 60,176 12 % $ 43,945 11 % $ 44,330 11 % Other Americas 20,694 4 % 18,192 4 % 13,606 3 % Americas 80,870 16 % 62,137 15 % 57,936 14 % China 281,237 55 % 213,714 52 % 206,107 51 % Japan 47,915 9 % 25,435 6 % 42,658 11 % Other Asia 55,416 10 % 66,034 17 % 50,000 12 % Asia 384,568 74 % 305,183 75 % 298,765 74 % Europe 49,889 10 % 40,800 10 % 47,392 12 % Total revenue $ 515,327 100 % $ 408,120 100 % $ 404,093 100 % |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | (In thousands) Contract assets as of December 28, 2019 $ 5,569 Revenues recorded during the period 15,860 Transferred to Accounts receivable or collected (15,818 ) Contract assets as of January 2, 2021 $ 5,611 Revenues recorded during the period 15,587 Transferred to Accounts receivable or collected (15,526 ) Contract assets as of January 1, 2022 $ 5,672 (In thousands) Contract liabilities as of December 28, 2019 $ 2,313 Accruals for estimated future stock rotation and scrap returns 5,976 Less: Release of accruals for recognized stock rotation and scrap returns (5,221 ) Contract liabilities as of January 2, 2021 $ 3,068 Accruals for estimated future stock rotation and scrap returns 4,613 Less: Release of accruals for recognized stock rotation and scrap returns (2,913 ) Contract liabilities as of January 1, 2022 $ 4,768 |
Note 4 - Balance Sheet Compon_2
Note 4 - Balance Sheet Components (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | January 1, January 2, (In thousands) 2022 2021 Accounts receivable $ 79,859 $ 64,635 Less: Allowance for credit losses — (54 ) Accounts receivable, net of allowance for credit losses $ 79,859 $ 64,581 |
Schedule of Inventory, Current [Table Text Block] | January 1, January 2, (In thousands) 2022 2021 Work in progress $ 43,546 $ 34,724 Finished goods 24,048 29,875 Total inventories, net $ 67,594 $ 64,599 |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | January 1, January 2, (In thousands) 2022 2021 Liability for non-cancelable contracts $ 9,930 $ 8,492 Current portion of operating lease liabilities 5,696 4,149 Contract liability under ASC 606 4,768 3,068 Other accrued expenses 6,050 5,702 Total accrued expenses $ 26,444 $ 21,411 |
Schedule of Capitalized Software Costs [Table Text Block] | (In thousands) Cloud based computing implementation costs as of December 28, 2019 $ 2,543 Costs capitalized 983 Amortization (695 ) Cloud based computing implementation costs as of January 2, 2021 $ 2,831 Costs capitalized 324 Amortization (775 ) Cloud based computing implementation costs as of January 1, 2022 $ 2,380 |
Note 5 - Property and Equipme_2
Note 5 - Property and Equipment (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | January 1, January 2, (In thousands) 2022 2021 Production equipment and software $ 133,039 $ 135,774 Leasehold improvements 12,960 12,913 Office furniture and equipment 2,000 2,161 147,999 150,848 Accumulated depreciation and amortization (109,905 ) (111,182 ) $ 38,094 $ 39,666 January 1, January 2, (In thousands) 2022 2021 United States $ 26,509 $ 29,440 Taiwan 6,555 5,171 Philippines 2,498 2,912 China 1,643 1,537 Other 889 606 Total foreign property and equipment, net 11,585 10,226 Total property and equipment, net $ 38,094 $ 39,666 |
Note 6 - Business Combination_2
Note 6 - Business Combination and Goodwill (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | (In thousands) Estimated Fair Value Assets acquired: Cash and cash equivalents $ 437 Accounts receivable 3,265 Other current assets 262 Property and equipment 156 Intangible assets 24,800 Goodwill 47,844 Total assets acquired 76,764 Liabilities assumed Accounts payable 21 Accrued expenses 5 Accrued payroll obligations 247 Long-term liabilities 7,955 Total liabilities assumed 8,228 Fair value of net assets acquired $ 68,536 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | Useful Life Fair Value (In years) (In thousands) Existing technology 7 $ 13,500 Customer relationships 7 9,800 Trade name / trademarks 10 1,500 Total identified intangible assets subject to amortization $ 24,800 |
Note 7 - Intangible Assets (Tab
Note 7 - Intangible Assets (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | January 1, 2022 (In thousands) Weighted Average Amortization Period (in years) Gross Accumulated Amortization Intangible assets, net Existing technology 5.1 $ 124,487 $ (111,090 ) $ 13,397 Customer relationships 6.1 32,734 (22,947 ) 9,787 Trade name / trademarks 10.0 1,500 (19 ) 1,481 Licensed technology 6.3 6,551 (1,434 ) 5,117 Total identified intangible assets $ 165,272 $ (135,490 ) $ 29,782 January 2, 2021 (In thousands) Weighted Average Amortization Period (in years) Gross Accumulated Amortization Intangible assets, net Developed technology 5.0 $ 110,987 $ (109,162 ) $ 1,825 Customer relationships 5.8 22,934 (22,281 ) 653 Licensed technology 6.6 4,376 (533 ) 3,843 Total identified intangible assets $ 138,297 $ (131,976 ) $ 6,321 |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Research and development $ 901 $ 124 $ 55 Amortization of acquired intangible assets 2,613 4,449 13,558 $ 3,514 $ 4,573 $ 13,613 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Fiscal year (in thousands) 2022 $ 4,771 2023 4,492 2024 4,280 2025 4,233 2026 4,233 Thereafter 7,773 Total $ 29,782 |
Note 8 - Long-term Debt (Tables
Note 8 - Long-term Debt (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | January 1, January 2, (In thousands) 2022 2021 Principal amount $ 158,750 $ 171,875 Unamortized original issuance discount and debt costs (817 ) (1,179 ) Less: Current portion of long-term debt (17,173 ) (12,762 ) Long-term debt, net of current portion and unamortized debt issue costs $ 140,760 $ 157,934 |
Interest Income and Interest Expense Disclosure [Table Text Block] | Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Contractual interest $ 2,304 $ 3,319 $ 10,278 Amortization of original issuance discount and debt costs 362 400 1,659 Total interest expense related to long-term debt $ 2,666 $ 3,719 $ 11,937 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Fiscal year (in thousands) 2022 17,500 2023 17,500 2024 123,750 $ 158,750 |
Note 9 - Restructuring (Tables)
Note 9 - Restructuring (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | (In thousands) Severance & Related (1) Lease Termination & Fixed Assets Software Contracts & Engineering Tools (2) Other (3) Total Accrued Restructuring at December 29, 2018 $ 1,814 $ 8,630 $ 218 $ 18 $ 10,680 Restructuring charges 625 2,716 — 1,323 4,664 Costs paid or otherwise settled (2,279 ) (4,761 ) (218 ) (476 ) (7,734 ) Accrued Restructuring at December 28, 2019 $ 160 $ 6,585 $ — $ 865 $ 7,610 Restructuring charges 1,669 1,896 — 372 3,937 Costs paid or otherwise settled (1,583 ) (248 ) — (573 ) (2,404 ) Accrued Restructuring at January 2, 2021 $ 246 $ 8,233 $ — $ 664 $ 9,143 Restructuring charges 250 690 — — 940 Costs paid or otherwise settled (245 ) (1,793 ) — (664 ) (2,702 ) Accrued Restructuring at January 1, 2022 $ 251 $ 7,130 $ — $ — $ 7,381 |
Note 10 - Leases (Tables)
Note 10 - Leases (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Lessee, Operating Lease Right-of-Use Assets and Liabilities [Table Text Block] | Operating lease right-of-use assets (in thousands) Balance as of January 2, 2021 $ 22,178 Right-of-use assets obtained for new and modified lease contracts during the period 8,134 Amortization of right-of-use assets during the period (6,587 ) Adjustments for present value and foreign currency effects 93 Balance as of January 1, 2022 $ 23,818 Operating lease liabilities (in thousands) Balance as of January 2, 2021 $ 23,055 Lease liabilities incurred for new lease contracts during the period 8,134 Accretion of lease liabilities 1,305 Operating cash used by payments on lease liabilities (7,639 ) Adjustments for present value and foreign currency effects 89 Balance as of January 1, 2022 24,944 Less: Current portion of operating lease liabilities (included in Accrued expenses) (5,696 ) Long-term operating lease liabilities, net of current portion $ 19,248 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Fiscal year (in thousands) 2022 6,917 2023 7,446 2024 5,408 2025 3,651 2026 2,532 Thereafter 2,082 Total lease payments 28,036 Less: amount representing interest (3,092 ) Total lease liabilities $ 24,944 |
Note 11 - Stock-Based Compens_2
Note 11 - Stock-Based Compensation Plans (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Cost of revenue $ 3,049 $ 3,179 $ 1,422 Research and development 14,563 10,124 5,640 Selling, general, and administrative 28,863 27,069 11,837 Total stock-based compensation $ 46,475 $ 40,372 $ 18,899 |
Schedule of Share-based Payment Award, Stock Options and Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] | Year Ended January 1, January 2, December 28, 2022 2021 2019 Employee Stock Purchase Plan Weighted average expected volatility 39.9% 48.2% 31.6% Weighted average risk-free interest rate 0.07% 0.89% 2.51% Expected term (in months) 6 6 6 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | (Shares and aggregate intrinsic value in thousands) Shares Weighted average exercise price Weighted average remaining contractual term (years) Aggregate Intrinsic Value Balance, January 2, 2021 2,200 $ 6.40 Granted — — Exercised (822 ) 6.02 Forfeited or expired (11 ) 5.73 Balance, January 1, 2022 1,367 $ 6.62 Vested and expected to vest at January 1, 2022 1,367 $ 6.62 2.92 $ 96,315 Exercisable, January 1, 2022 1,367 $ 6.62 2.92 $ 96,315 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | (Shares in thousands) Shares Weighted average grant date fair value Balance, January 2, 2021 2,998 $ 16.76 Granted 1,176 56.29 Vested (1,392 ) 14.66 Forfeited or expired (98 ) 19.71 Balance, January 1, 2022 2,684 $ 35.06 |
Schedule of Share-based Payment Award, Restricted Stock Units, Valuation Assumptions [Table Text Block] | Year Ended January 1, January 2, December 28, 2022 2021 2019 Executive RSUs with a market condition or performance condition Weighted average expected volatility 50.37% to 52.11% 42.38% 40.15% to 41.10% Weighted average risk-free interest rate 0.22% to 0.77% 1.40% 1.66% to 2.55% Expected term (years) 3.00 to 5.00 3.00 3.00 |
Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block] | (Shares in thousands) Shares Weighted average grant date fair value Balance, January 2, 2021 1,021 $ 20.42 Granted 630 57.29 Effect of vesting multiplier 479 — Vested (884 ) 13.87 Balance, January 1, 2022 1,246 $ 41.23 |
Note 13 - Income Taxes (Tables)
Note 13 - Income Taxes (Tables) | 12 Months Ended |
Jan. 01, 2022 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Domestic $ 24,003 $ 11,772 $ 33,417 Foreign 73,623 36,684 11,648 Income before taxes $ 97,626 $ 48,456 $ 45,065 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended January 1, January 2, December 28, (In thousands) 2022 2021 2019 Current: Federal $ 445 $ 54 $ 499 State 45 68 45 Foreign 1,538 1,025 1,345 2,028 1,147 1,889 Deferred: Federal — — — State — — — Foreign (324 ) (83 ) (317 ) (324 ) (83 ) (317 ) Income tax expense $ 1,704 $ 1,064 $ 1,572 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended January 1, January 2, December 28, 2022 2021 2019 % % % Statutory federal rate 21 21 21 Adjustments for tax effects of: State taxes, net (4) (4) 3 Federal tax credits (3) (3) 3 Excess tax benefit for stock compensation (8) (10) (6) Foreign rate differential (14) (12) (2) U.S. tax on foreign operations 3 15 — Foreign withholding taxes 1 3 3 Capital loss expiration 3 — 1 Other deferred tax asset adjustment — 3 — Valuation allowance 8 (13) (19) Change in uncertain tax benefit accrual (5) 2 — Effective income tax rate 2 2 4 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (In thousands) January 1, 2022 January 2, 2021 Deferred tax assets: Intangible assets $ 8,236 $ 10,082 Net operating loss carry forwards 88,254 87,443 Tax credit carry forwards 93,095 83,534 Accrued expenses and reserves 6,590 5,464 Stock-based and deferred compensation 4,477 3,851 Other 6,615 9,493 Total deferred tax assets 207,267 199,867 Less: valuation allowance (200,438 ) (192,478 ) Net deferred tax assets 6,829 7,389 Deferred tax liabilities: Fixed assets 2,379 2,809 Unremitted earnings 2,128 1,746 Other 9,969 4,003 Total deferred tax liabilities 14,476 8,558 Net deferred taxes $ (7,647 ) $ (1,169 ) Reported as: Deferred tax assets (included in Other long-term assets) $ 953 $ 577 Deferred tax liabilities (included in Other long-term liabilities) (8,600 ) (1,746 ) Net deferred taxes $ (7,647 ) $ (1,169 ) |
Summary of Valuation Allowance [Table Text Block] | Fiscal Years Ended Balance at beginning Charged (Credit) to costs and Charged (credit) to other Balance at end of (in thousands) of period expenses accounts period January 1, 2022 $ 192,478 $ 7,960 $ — $ 200,438 January 2, 2021 $ 198,499 $ (6,021 ) $ — $ 192,478 December 28, 2019 $ 207,108 $ (8,609 ) $ — $ 198,499 |
Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block] | (in thousands) Balance at December 29, 2018 $ 58,285 Additions based on tax positions related to the current year 238 Additions based on tax positions of prior years 1,084 Reduction for tax positions of prior years (213 ) Reduction as a result of lapse of applicable statute of limitations (2,432 ) Balance at December 28, 2019 56,962 Additions based on tax positions related to the current year 548 Additions based on tax positions of prior years 628 Reductions for tax positions of prior years — Reduction as a result of lapse of applicable statute of limitations (2,401 ) Balance at January 2, 2021 55,737 Additions based on tax positions related to the current year 1,156 Additions based on tax positions of prior years 1,130 Additions due to acquisition 977 Settlements (51 ) Reduction as a result of lapse of applicable statute of limitations (2,718 ) Balance at January 1, 2022 $ 56,231 |
Note 1 - Basis of Presentatio_3
Note 1 - Basis of Presentation and Significant Accounting Policies (Details Textual) | 12 Months Ended | |
Jan. 01, 2022 | Jan. 02, 2021 | |
Number of Operating Segments | 1 | |
Production Equipment and Software [Member] | Minimum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |
Production Equipment and Software [Member] | Maximum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 5 years | |
Tools, Dies and Molds [Member] | Minimum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 1 year | |
Tools, Dies and Molds [Member] | Maximum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |
Accounts Receivable [Member] | Weikeng Group [Member] | Customer Concentration Risk [Member] | ||
Concentration Risk, Percentage | 59.00% | 47.00% |
Accounts Receivable [Member] | Arrow Electronics Inc [Member] | Customer Concentration Risk [Member] | ||
Concentration Risk, Percentage | 28.00% | 45.00% |
Note 1 - Basis of Presentatio_4
Note 1 - Basis of Presentation and Significant Accounting Policies - Concentration of Risk By Risk (Details) - Revenue Benchmark [Member] - Customer Concentration Risk [Member] | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Weikeng Group [Member] | |||
Revenue Percentage | 37.00% | 35.00% | 30.00% |
Arrow Electronics Inc [Member] | |||
Revenue Percentage | 27.00% | 25.00% | 25.00% |
Other [Member] | |||
Revenue Percentage | 23.00% | 23.00% | 27.00% |
Distributors [Member] | |||
Revenue Percentage | 87.00% | 83.00% | 82.00% |
Note 2 - Net Income Per Share -
Note 2 - Net Income Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Net income | $ 95,922 | $ 47,392 | $ 43,493 |
Shares used in basic Net income per share (in shares) | 136,619 | 135,220 | 132,471 |
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition (in shares) | 5,524 | 6,056 | 4,803 |
Shares used in diluted Net income per share (in shares) | 142,143 | 141,276 | 137,274 |
Basic (in dollars per share) | $ 0.70 | $ 0.35 | $ 0.33 |
Diluted (in dollars per share) | $ 0.67 | $ 0.34 | $ 0.32 |
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive (in shares) | 638 | 646 | 890 |
Note 3 - Revenue From Contrac_3
Note 3 - Revenue From Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Revenue | $ 515,327 | $ 408,120 | $ 404,093 |
Percentage of revenue | 100.00% | 100.00% | 100.00% |
UNITED STATES | |||
Revenue | $ 60,176 | $ 43,945 | $ 44,330 |
Percentage of revenue | 12.00% | 11.00% | 11.00% |
Other Americas [Member] | |||
Revenue | $ 20,694 | $ 18,192 | $ 13,606 |
Percentage of revenue | 4.00% | 4.00% | 3.00% |
Americas [Member] | |||
Revenue | $ 80,870 | $ 62,137 | $ 57,936 |
Percentage of revenue | 16.00% | 15.00% | 14.00% |
CHINA | |||
Revenue | $ 281,237 | $ 213,714 | $ 206,107 |
Percentage of revenue | 55.00% | 52.00% | 51.00% |
JAPAN | |||
Revenue | $ 47,915 | $ 25,435 | $ 42,658 |
Percentage of revenue | 9.00% | 6.00% | 11.00% |
Other Asia [Member] | |||
Revenue | $ 55,416 | $ 66,034 | $ 50,000 |
Percentage of revenue | 10.00% | 17.00% | 12.00% |
Asia [Member] | |||
Revenue | $ 384,568 | $ 305,183 | $ 298,765 |
Percentage of revenue | 74.00% | 75.00% | 74.00% |
Europe [Member] | |||
Revenue | $ 49,889 | $ 40,800 | $ 47,392 |
Percentage of revenue | 10.00% | 10.00% | 12.00% |
Product [Member] | Sales Channel, Through Intermediary [Member] | |||
Revenue | $ 449,650 | $ 339,100 | $ 331,941 |
Percentage of revenue | 87.00% | 83.00% | 82.00% |
Product [Member] | Sales Channel, Directly to Consumer [Member] | |||
Revenue | $ 45,202 | $ 49,402 | $ 50,607 |
Percentage of revenue | 9.00% | 12.00% | 13.00% |
License and Service [Member] | |||
Revenue | $ 20,475 | $ 19,618 | $ 21,545 |
Percentage of revenue | 4.00% | 5.00% | 5.00% |
Note 3 - Revenue From Contrac_4
Note 3 - Revenue From Contracts With Customers - Contract Balance (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 01, 2022 | Jan. 02, 2021 | |
Contract assets, balance | $ 5,611 | $ 5,569 |
Revenues recorded during the period | 15,587 | 15,860 |
Transferred to Accounts receivable or collected | (15,526) | (15,818) |
Contract assets, balance | 5,672 | 5,611 |
Contract liabilities, balance | 3,068 | 2,313 |
Accruals for estimated future stock rotation and scrap returns | 4,613 | 5,976 |
Less: Release of accruals for recognized stock rotation and scrap returns | (2,913) | (5,221) |
Contract liabilities, balance | $ 4,768 | $ 3,068 |
Note 4 - Balance Sheet Compon_3
Note 4 - Balance Sheet Components - Accounts Receivable (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
Accounts receivable | $ 79,859 | $ 64,635 |
Less: Allowance for credit losses | 0 | (54) |
Accounts receivable, net of allowance for credit losses | $ 79,859 | $ 64,581 |
Note 4 - Balance Sheet Compon_4
Note 4 - Balance Sheet Components - Inventories (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
Work in progress | $ 43,546 | $ 34,724 |
Finished goods | 24,048 | 29,875 |
Total inventories, net | $ 67,594 | $ 64,599 |
Note 4 - Balance Sheet Compon_5
Note 4 - Balance Sheet Components - Accrued Expenses (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
Liability for non-cancelable contracts | $ 9,930 | $ 8,492 |
Contract liability under ASC 606 | 4,768 | 3,068 |
Other accrued expenses | 6,050 | 5,702 |
Total accrued expenses | 26,444 | 21,411 |
Accrued Liabilities [Member] | ||
Current portion of operating lease liabilities | $ 5,696 | $ 4,149 |
Note 4 - Balance Sheet Compon_6
Note 4 - Balance Sheet Components - Capitalized Software Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 01, 2022 | Jan. 02, 2021 | |
Cloud based computing implementation costs as of December 28, 2019 | $ 2,831 | $ 2,543 |
Costs capitalized | 324 | 983 |
Amortization | (775) | (695) |
Cloud based computing implementation costs as of January 2, 2021 | $ 2,380 | $ 2,831 |
Note 5 - Property and Equipme_3
Note 5 - Property and Equipment (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Depreciation, Total | $ 12 | $ 11.8 | $ 11.6 |
Property and Equipment Related to Restructuring Plan [Member] | |||
Depreciation, Total | $ 0.4 |
Note 5 - Property and Equipme_4
Note 5 - Property and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
Property and Equipment | $ 147,999 | $ 150,848 |
Accumulated depreciation and amortization | (109,905) | (111,182) |
Property and Equipment, Net | 38,094 | 39,666 |
Property, Plant and Equipment, Net | 38,094 | 39,666 |
UNITED STATES | ||
Property and Equipment, Net | 26,509 | 29,440 |
Property, Plant and Equipment, Net | 26,509 | 29,440 |
TAIWAN, PROVINCE OF CHINA | ||
Property and Equipment, Net | 6,555 | 5,171 |
Property, Plant and Equipment, Net | 6,555 | 5,171 |
PHILIPPINES | ||
Property and Equipment, Net | 2,498 | 2,912 |
Property, Plant and Equipment, Net | 2,498 | 2,912 |
CHINA | ||
Property and Equipment, Net | 1,643 | 1,537 |
Property, Plant and Equipment, Net | 1,643 | 1,537 |
Other [Member] | ||
Property and Equipment, Net | 889 | 606 |
Property, Plant and Equipment, Net | 889 | 606 |
Foreign Countries [Member] | ||
Property and Equipment, Net | 11,585 | 10,226 |
Property, Plant and Equipment, Net | 11,585 | 10,226 |
Production Equipment and Software [Member] | ||
Property and Equipment | 133,039 | 135,774 |
Leasehold Improvements [Member] | ||
Property and Equipment | 12,960 | 12,913 |
Office Equipment [Member] | ||
Property and Equipment | $ 2,000 | $ 2,161 |
Note 6 - Business Combination_3
Note 6 - Business Combination and Goodwill (Details Textual) - USD ($) $ in Thousands | Nov. 12, 2011 | Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | Nov. 12, 2021 | Nov. 11, 2011 |
Goodwill, Ending Balance | $ 315,358 | $ 267,514 | $ 267,500 | |||
Goodwill, Impairment Loss | $ 0 | $ 0 | $ 0 | |||
Mirametrix [Member] | ||||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | |||||
Payments to Acquire Businesses, Gross | $ 68,500 | |||||
Business Combination, Contingent Consideration, Liability, Total | 0 | |||||
Goodwill, Ending Balance | $ 47,800 | $ 47,844 |
Note 6 - Business Combination_4
Note 6 - Business Combination and Goodwill - Fair Value of Assets Acquired and Liabilities Assumed in the Acquisition (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Nov. 12, 2021 | Jan. 02, 2021 | Nov. 12, 2011 | Nov. 11, 2011 |
Goodwill, Ending Balance | $ 315,358 | $ 267,514 | $ 267,500 | ||
Mirametrix [Member] | |||||
Cash and cash equivalents | $ 437 | ||||
Accounts receivable | 3,265 | ||||
Other current assets | 262 | ||||
Property and equipment | 156 | ||||
Intangible assets | 24,800 | ||||
Goodwill, Ending Balance | 47,844 | $ 47,800 | |||
Total assets acquired | 76,764 | ||||
Accounts payable | 21 | ||||
Accrued expenses | 5 | ||||
Accrued payroll obligations | 247 | ||||
Long-term liabilities | 7,955 | ||||
Total liabilities assumed | 8,228 | ||||
Fair value of net assets acquired | $ 68,536 |
Note 6 - Business Combination_5
Note 6 - Business Combination and Goodwill - Details of Identified Intangible Assets Acquired Through Acquisition (Details) - USD ($) $ in Millions | Nov. 12, 2021 | Jan. 01, 2022 | Jan. 02, 2021 |
Existing Technology [Member] | |||
Useful life (Year) | 5 years 1 month 6 days | ||
Customer Relationships [Member] | |||
Useful life (Year) | 6 years 1 month 6 days | 5 years 9 months 18 days | |
Trademarks and Trade Names [Member] | |||
Useful life (Year) | 10 years | ||
Mirametrix [Member] | |||
Fair value | $ 24.8 | ||
Mirametrix [Member] | Existing Technology [Member] | |||
Useful life (Year) | 7 years | ||
Fair value | $ 13.5 | ||
Mirametrix [Member] | Customer Relationships [Member] | |||
Useful life (Year) | 7 years | ||
Fair value | $ 9.8 | ||
Mirametrix [Member] | Trademarks and Trade Names [Member] | |||
Useful life (Year) | 10 years | ||
Fair value | $ 1.5 |
Note 7 - Intangible Assets (Det
Note 7 - Intangible Assets (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Impairment of Intangible Assets, Finite-lived | $ 0 | $ 0 | $ 0 |
Note 7 - Intangible Assets - Fi
Note 7 - Intangible Assets - Finite Lived Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 01, 2022 | Jan. 02, 2021 | |
Intangible Assets, gross | $ 165,272 | $ 138,297 |
Accumulated Amortization | (135,490) | (131,976) |
Intangible Assets, net | $ 29,782 | $ 6,321 |
Existing Technology [Member] | ||
Useful life (Year) | 5 years 1 month 6 days | |
Intangible Assets, gross | $ 124,487 | |
Accumulated Amortization | (111,090) | |
Intangible Assets, net | $ 13,397 | |
Developed Technology [Member] | ||
Useful life (Year) | 5 years | |
Intangible Assets, gross | $ 110,987 | |
Accumulated Amortization | (109,162) | |
Intangible Assets, net | $ 1,825 | |
Customer Relationships [Member] | ||
Useful life (Year) | 6 years 1 month 6 days | 5 years 9 months 18 days |
Intangible Assets, gross | $ 32,734 | $ 22,934 |
Accumulated Amortization | (22,947) | (22,281) |
Intangible Assets, net | $ 9,787 | $ 653 |
Trademarks and Trade Names [Member] | ||
Useful life (Year) | 10 years | |
Intangible Assets, gross | $ 1,500 | |
Accumulated Amortization | (19) | |
Intangible Assets, net | $ 1,481 | |
Licensed Technology [Member] | ||
Useful life (Year) | 6 years 3 months 18 days | 6 years 7 months 6 days |
Intangible Assets, gross | $ 6,551 | $ 4,376 |
Accumulated Amortization | (1,434) | (533) |
Intangible Assets, net | $ 5,117 | $ 3,843 |
Note 7 - Intangible Assets - Am
Note 7 - Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Amortization of intangible assets | $ 3,514 | $ 4,573 | $ 13,613 |
Research and Development Expense [Member] | |||
Amortization of intangible assets | 901 | 124 | 55 |
Amortization of Acquired Intangible Assets [Member] | |||
Amortization of intangible assets | $ 2,613 | $ 4,449 | $ 13,558 |
Note 7 - Intangible Assets - _2
Note 7 - Intangible Assets - Finite Lived Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
2022 | $ 4,771 | |
2023 | 4,492 | |
2024 | 4,280 | |
2025 | 4,233 | |
2026 | 4,233 | |
Thereafter | 7,773 | |
Total | $ 29,782 | $ 6,321 |
Note 8 - Long-term Debt (Detail
Note 8 - Long-term Debt (Details Textual) - USD ($) $ in Thousands | May 17, 2019 | May 17, 2018 | Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 |
Payments of Debt Issuance Costs | $ 0 | $ 0 | $ 2,086 | ||
Gain (Loss) on Extinguishment of Debt, Total | 0 | 0 | (2,235) | ||
Repayments of Long-term Debt, Total | $ 13,125 | $ 26,250 | 321,408 | ||
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member] | |||||
Debt Instrument, Term (Year) | 5 years | ||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 75,000 | ||||
Proceeds from Issuance of Debt | 31,500 | ||||
Repayments of Debt | 204,400 | ||||
Payments of Debt Issuance Costs | $ 2,100 | ||||
Gain (Loss) on Extinguishment of Debt, Total | $ 2,200 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 1.35% | ||||
Line of Credit Facility, Commitment Fee Percentage | 0.20% | ||||
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 1.00% | ||||
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | ||||
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member] | Minimum [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 0.25% | ||||
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 1.25% | ||||
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member] | Maximum [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 1.00% | ||||
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 2.00% | ||||
Credit Agreement, May 17, 2019 [Member] | Secured Term Loan [Member] | |||||
Debt Instrument, Face Amount | $ 175,000 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 1.57% | ||||
Repayments of Long-term Debt, Total | $ 13,100 | ||||
Credit Agreement, May 17, 2019 [Member] | Secured Term Loan [Member] | Revolving Credit Facility [Member] | |||||
Proceeds from Issuance of Debt | $ 175,000 | ||||
Debt Instrument, Periodic Payment, Total | $ 4,400 |
Note 8 - Long-term Debt - Fair
Note 8 - Long-term Debt - Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
Principal amount | $ 158,750 | $ 171,875 |
Unamortized original issuance discount and debt costs | (817) | (1,179) |
Less: Current portion of long-term debt | (17,173) | (12,762) |
Long-term debt, net of current portion and unamortized debt issue costs | $ 140,760 | $ 157,934 |
Note 8 - Long-term Debt - Inter
Note 8 - Long-term Debt - Interest Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Contractual interest | $ 2,304 | $ 3,319 | $ 10,278 |
Amortization of original issuance discount and debt costs | 362 | 400 | 1,659 |
Total interest expense related to long-term debt | $ 2,666 | $ 3,719 | $ 11,937 |
Note 8 - Long-term Debt - Expec
Note 8 - Long-term Debt - Expected Future Principal Payments (Details) $ in Thousands | Jan. 01, 2022USD ($) |
2022 | $ 17,500 |
2023 | 17,500 |
2024 | 123,750 |
Long-term Debt, Total | $ 158,750 |
Note 9 - Restructuring (Details
Note 9 - Restructuring (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||||
Jan. 01, 2022 | Jan. 02, 2021 | Jan. 02, 2021 | Dec. 28, 2019 | Jun. 30, 2017 | |
Restructuring and Related Costs, Incurred Cost, Total | $ 200 | ||||
Restructuring Charges, Total | $ 940 | $ 3,937 | $ 4,664 | ||
Q1 2020 Plan [Member] | |||||
Restructuring and Related Costs, Incurred Cost, Total | 2,000 | ||||
Restructuring and Related Cost, Cost Incurred to Date | 2,200 | ||||
Q2 2019 Sales Plan [Member] | |||||
Restructuring and Related Cost, Cost Incurred to Date | 2,100 | ||||
Restructuring Charges, Total | $ 0 | ||||
Q2 2019 Sales Plan [Member] | Hyderabad [Member] | |||||
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% | ||||
Q2 2019 Sales Plan [Member] | Minimum [Member] | |||||
Restructuring Charges, Total | 100 | ||||
Q2 2019 Sales Plan [Member] | Maximum [Member] | |||||
Restructuring Charges, Total | 2,000 | ||||
June 2017 Plan [Member] | |||||
Restructuring and Related Costs, Incurred Cost, Total | 21,600 | ||||
June 2017 Plan [Member] | Facility Closing [Member] | |||||
Restructuring and Related Costs, Incurred Cost, Total | $ 2,700 | ||||
Restructuring Charges, Total | 700 | $ 1,900 | |||
June 2017 Plan [Member] | Minimum [Member] | |||||
Restructuring and Related Cost, Expected Cost, Total | 22,000 | ||||
June 2017 Plan [Member] | Maximum [Member] | |||||
Restructuring and Related Cost, Expected Cost, Total | $ 23,500 |
Note 9 - Restructuring - Activi
Note 9 - Restructuring - Activity Related to Restructuring Plans (Details) - USD ($) $ in Thousands | 12 Months Ended | |||||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | ||||
Accrued Restructuring | $ 9,143 | $ 7,610 | $ 10,680 | |||
Restructuring charges | 940 | 3,937 | 4,664 | |||
Costs paid or otherwise settled | (2,702) | (2,404) | (7,734) | |||
Accrued Restructuring | 7,381 | 9,143 | 7,610 | |||
Employee Severance [Member] | ||||||
Accrued Restructuring | [1] | 246 | 160 | 1,814 | ||
Restructuring charges | 250 | 1,669 | [1] | 625 | [1] | |
Costs paid or otherwise settled | (245) | (1,583) | [1] | (2,279) | [1] | |
Accrued Restructuring | [1] | 251 | 246 | 160 | ||
Lease Termination and Fixed Assets [Member] | ||||||
Accrued Restructuring | 8,233 | 6,585 | 8,630 | |||
Restructuring charges | 690 | 1,896 | 2,716 | |||
Costs paid or otherwise settled | (1,793) | (248) | (4,761) | |||
Accrued Restructuring | 7,130 | 8,233 | 6,585 | |||
Software Contracts and Engineering Tools [Member] | ||||||
Accrued Restructuring | [2] | 0 | 0 | 218 | ||
Restructuring charges | 0 | 0 | [2] | 0 | [2] | |
Costs paid or otherwise settled | 0 | 0 | [2] | (218) | [2] | |
Accrued Restructuring | [2] | 0 | 0 | 0 | ||
Other Restructuring [Member] | ||||||
Accrued Restructuring | 664 | 865 | 18 | |||
Restructuring charges | 0 | 372 | 1,323 | |||
Costs paid or otherwise settled | (664) | (573) | (476) | |||
Accrued Restructuring | $ 0 | $ 664 | $ 865 | |||
[1] | Includes employee relocation and outplacement costs. | |||||
[2] | Includes termination fees on the cancellation of certain contracts under the Q2 2019 Sales Plan |
Note 10 - Leases (Details Textu
Note 10 - Leases (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Operating Lease, Right-of-Use Asset | $ 23,818 | $ 22,178 | |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 4 years 1 month 6 days | ||
Operating Lease, Weighted Average Discount Rate, Percent | 5.40% | ||
Operating Lease, Cost | $ 7,900 | $ 7,600 | $ 7,700 |
Operating Lease Liability for Previously Restructured Facilities | $ 7,100 | ||
Minimum [Member] | |||
Lessee, Operating Lease, Remaining Lease Term (Year) | 1 year | ||
Lessee, Operating Lease, Option to Extend, Period (Year) | 5 years | ||
Maximum [Member] | |||
Lessee, Operating Lease, Remaining Lease Term (Year) | 7 years | ||
Lessee, Operating Lease, Option to Terminate Period (Year) | 1 year | ||
Hillsboro, Oregon and Shanghai, China Facility Leases [Member] | |||
Operating Lease, Right-of-Use Asset | $ 7,200 |
Note 10 - Leases - Lease Balanc
Note 10 - Leases - Lease Balance Classifications Within the Consolidated Balance Sheets and Lease Activity (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Balance | $ 22,178 | ||
Right-of-use assets obtained for new and modified lease contracts during the period | 8,134 | ||
Amortization of right-of-use assets during the period | (6,587) | $ (5,960) | $ (5,797) |
Adjustments for present value and foreign currency effects | 93 | ||
Balance | 23,818 | 22,178 | |
Balance | 23,055 | ||
Lease liabilities incurred for new lease contracts during the period | 8,134 | ||
Accretion of lease liabilities | 1,305 | ||
Operating cash used by payments on lease liabilities | (7,639) | (7,713) | $ (8,425) |
Adjustments for present value and foreign currency effects | 89 | ||
Balance | 24,944 | 23,055 | |
Long-term operating lease liabilities, net of current portion | 19,248 | $ 18,906 | |
Accounts Payable and Accrued Liabilities [Member] | |||
Less: Current portion of operating lease liabilities (included in Accrued expenses) | $ (5,696) |
Note 10 - Leases - Maturities o
Note 10 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
2022 | $ 6,917 | |
2023 | 7,446 | |
2024 | 5,408 | |
2025 | 3,651 | |
2026 | 2,532 | |
Thereafter | 2,082 | |
Total lease payments | 28,036 | |
Less: amount representing interest | (3,092) | |
Total lease liabilities | $ 24,944 | $ 23,055 |
Note 11 - Stock-Based Compens_3
Note 11 - Stock-Based Compensation Plans (Details Textual) $ / shares in Units, $ in Thousands, shares in Millions | May 31, 2012shares | May 31, 2012shares | Apr. 03, 2021 | Sep. 26, 2020 | Sep. 26, 2020 | Jun. 27, 2020 | Mar. 28, 2020USD ($) | Jan. 01, 2022USD ($)$ / sharesshares | Jan. 02, 2021USD ($)$ / shares | Dec. 28, 2019USD ($)$ / shares |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 4 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 13,040,000 | $ 6,620,000 | $ 1,690,000 | |||||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 0 | |||||||||
Share-based Payment Arrangement, Expense | 46,475 | $ 40,372 | $ 18,899 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | 44,700 | 21,500 | 17,800 | |||||||
Awards with Market Condition or Performance Condition [Member] | ||||||||||
Share-based Payment Arrangement, Expense | 1,200 | 1,000 | 500 | |||||||
Share-based Payment Arrangement, Option [Member] | ||||||||||
Share-based Payment Arrangement, Expense | $ 1,000 | 2,000 | 2,400 | |||||||
Restricted Stock Units (RSUs) [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 56.29 | |||||||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 25,300 | |||||||||
Share-based Payment Arrangement, Expense | $ 1,800 | |||||||||
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | 62,400 | |||||||||
Share-based Payment Arrangement, Expense | 21,700 | $ 16,600 | 10,300 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Grants Tested Each Year | 50.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 75.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Share-based Payment Arrangement, Tranche Two [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 100.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 55.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Share-based Payment Arrangement, Tranche Three [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 25.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 0.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Minimum [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 250.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Minimum [Member] | TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 250.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Minimum [Member] | Share-based Payment Arrangement, Tranche Three [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 25.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Maximum [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 200.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Maximum [Member] | TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 200.00% | |||||||||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Maximum [Member] | Share-based Payment Arrangement, Tranche Three [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 75.00% | |||||||||
Performance Shares [Member] | Share-based Payment Arrangement, Tranche Two [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 200.00% | |||||||||
Performance Shares [Member] | Executive Officer [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||||
Share-based Payment Arrangement, Expense | $ 22,100 | $ 20,800 | $ 5,700 | |||||||
Performance Shares [Member] | Executive Officer [Member] | TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 100.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 50.00% | |||||||||
Performance Shares [Member] | Executive Officer [Member] | TSR Relative To PHLX Semiconductor Sector Index, 25th Percentile [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 0.00% | |||||||||
Performance Shares [Member] | Executive Officer [Member] | Minimum [Member] | TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 250.00% | |||||||||
Performance Shares [Member] | Executive Officer [Member] | Maximum [Member] | TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 200.00% | |||||||||
Performance Shares Granted in 2018 [Member] | Executive Officer [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 33.30% | 200.00% | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 75.00% | 75.00% | ||||||||
Performance Shares Granted in 2018 [Member] | Executive Officer [Member] | Minimum [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 250.00% | |||||||||
Performance Shares Granted in 2018 [Member] | Executive Officer [Member] | Maximum [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 200.00% | |||||||||
The2012 ESPP [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | shares | 3 | 3 | ||||||||
Share-based Compensation Arrangement By Share-based Payment Award, Maximum, Annual Contribution Per Employee, Percent | 10.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | shares | 1.1 | |||||||||
The 2013 Incentive Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | shares | 7.5 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Share Ratio | 2.2 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number Of Shares, Transferred Out (in shares) | shares | 2.3 |
Note 11 - Stock-based Compens_4
Note 11 - Stock-based Compensation - Stock-based Compensation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Total stock-based compensation | $ 46,475 | $ 40,372 | $ 18,899 |
Cost of Sales [Member] | |||
Total stock-based compensation | 3,049 | 3,179 | 1,422 |
Research and Development Expense [Member] | |||
Total stock-based compensation | 14,563 | 10,124 | 5,640 |
Selling, General and Administrative Expenses [Member] | |||
Total stock-based compensation | $ 28,863 | $ 27,069 | $ 11,837 |
Note 11 - Stock-Based Compens_5
Note 11 - Stock-Based Compensation Plans - Share-based Payment Award Stock Options Valuation Assumptions (Details) - Employee Stock Purchase Plan [Member] | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Weighted average expected volatility | 39.90% | 48.20% | 31.60% |
Weighted average risk-free interest rate | 0.07% | 0.89% | 2.51% |
Expected term (years) (Year) | 6 years | 6 years | 6 years |
Note 11 - Stock-Based Compens_6
Note 11 - Stock-Based Compensation Plans - Schedule of Share Based Compensation Stock Options Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended |
Jan. 01, 2022USD ($)$ / sharesshares | |
Balance (in shares) | shares | 2,200 |
Balance (in dollars per share) | $ / shares | $ 6.40 |
Granted (in shares) | shares | 0 |
Granted (in dollars per share) | $ / shares | $ 0 |
Exercised (in shares) | shares | (822) |
Exercised (in dollars per share) | $ / shares | $ 6.02 |
Forfeited or expired (in shares) | shares | (11) |
Forfeited or expired (in dollars per share) | $ / shares | $ 5.73 |
Balance (in shares) | shares | 1,367 |
Balance (in dollars per share) | $ / shares | $ 6.62 |
Vested and expected to vest (in shares) | shares | 1,367 |
Vested and expected to vest (in dollars per share) | $ / shares | $ 6.62 |
Vested and expected to vest (Year) | 2 years 11 months 1 day |
Vested and expected to vest | $ | $ 96,315 |
Exercisable (in shares) | shares | 1,367 |
Exercisable (in dollars per share) | $ / shares | $ 6.62 |
Exercisable (Year) | 2 years 11 months 1 day |
Exercisable, January 1, 2022 | $ | $ 96,315 |
Note 11 - Stock-Based Compens_7
Note 11 - Stock-Based Compensation Plans - Schedule of Nonvested Restricted Stock Units Activity (Details) - $ / shares shares in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 13,040,000 | $ 6,620,000 | $ 1,690,000 |
Restricted Stock Units (RSUs) [Member] | |||
Balance (in shares) | 2,998 | ||
Balance (in dollars per share) | $ 16.76 | ||
Granted (in shares) | 1,176 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 56.29 | ||
Vested (in shares) | (1,392) | ||
Vested (in dollars per share) | $ 14.66 | ||
Forfeited or expired (in shares) | (98) | ||
Forfeited or expired (in dollars per share) | $ 19.71 | ||
Balance (in shares) | 2,684 | 2,998 | |
Balance (in dollars per share) | $ 35.06 | $ 16.76 |
Note 11 - Stock-Based Compens_8
Note 11 - Stock-Based Compensation Plans - Assumptions Used at Grant Date In the Valuation of RUSs (Details) - Restricted Stock Units (RSUs) [Member] | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Weighted average expected volatility | 42.38% | ||
Weighted average risk-free interest rate | 1.40% | ||
Expected term (years) (Year) | 3 years | 3 years | |
Minimum [Member] | |||
Weighted average expected volatility | 50.37% | 40.15% | |
Weighted average risk-free interest rate | 0.22% | 1.66% | |
Expected term (years) (Year) | 3 years | ||
Maximum [Member] | |||
Weighted average expected volatility | 52.11% | 41.10% | |
Weighted average risk-free interest rate | 0.77% | 2.55% | |
Expected term (years) (Year) | 5 years |
Note 11 - Stock-based Compens_9
Note 11 - Stock-based Compensation - Share Based Compensation Performance Shares Award Outstanding (Details) - Performance Shares [Member] shares in Thousands | 12 Months Ended |
Jan. 01, 2022$ / sharesshares | |
Balance, Shares (in shares) | shares | 1,021 |
Balance, Weighted average grant date fair value (in dollars per share) | $ / shares | $ 20,420 |
Granted, Shares (in shares) | shares | 630 |
Granted, Weighted average grant date fair value (in dollars per share) | $ / shares | $ 57,290 |
Effect of vesting multiplier, Shares (in shares) | shares | 479 |
Effect of vesting multiplier (in dollars per share) | $ / shares | $ 0 |
Vested, Shares (in shares) | shares | (884) |
Vested, Weighted average grant date fair value (in dollars per share) | $ / shares | $ 13,870 |
Balance, Shares (in shares) | shares | 1,246 |
Balance, Weighted average grant date fair value (in dollars per share) | $ / shares | $ 41,230 |
Note 12 - Common Stock Repurc_2
Note 12 - Common Stock Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Jan. 01, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | Nov. 08, 2021 | Feb. 19, 2021 | |
Stock Repurchased and Retired During Period, Value | $ 70,124 | $ 14,989 | |||
2021 Repurchase Program 2021 [Member] | |||||
Stock Repurchase Program, Authorized Amount | $ 60,000 | ||||
Stock Repurchased and Retired During Period, Shares (in shares) | 60,800 | ||||
Treasury Stock, Value, Acquired, Cost Method | $ 4,900 | ||||
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) | $ 80.55 | ||||
Repurchase Program 2022 [Member] | |||||
Stock Repurchase Program, Authorized Amount | $ 100,000 | ||||
Stock Repurchased and Retired During Period, Shares (in shares) | 125,400 | ||||
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) | $ 80.55 | ||||
Stock Repurchased and Retired During Period, Value | $ 10,100 | ||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 89,900 | $ 89,900 |
Note 13 - Income Taxes (Details
Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | Dec. 29, 2018 | |
Deferred Tax Assets, Valuation Allowance, Total | $ 200,438 | $ 192,478 | ||
Undistributed Earnings of Foreign Subsidiaries | 3,200,000 | |||
Unrecognized Tax Benefits, Ending Balance | 56,231 | 55,737 | $ 56,962 | $ 58,285 |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 54,000 | 53,600 | ||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 9,600 | 9,100 | ||
Liability for Uncertainty in Income Taxes, Current | 44,200 | 42,500 | ||
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit | 800 | |||
Significant Change in Unrecognized Tax Benefits Is Reasonably Possible, Amount of Associated Income, Tax Penalties and Interest Accrued | 100 | |||
Other Noncurrent Liabilities [Member] | ||||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 21,600 | $ 22,300 | ||
Domestic Tax Authority [Member] | ||||
Operating Loss Carryforwards, Total | 361,500 | |||
Operating Loss Carryforwards Subject to Expiration | 345,400 | |||
Tax Credit Carryforward, Amount | $ 55,300 | |||
Open Tax Year | 2017 2018 2019 2020 2021 | |||
State and Local Jurisdiction [Member] | ||||
Operating Loss Carryforwards, Total | $ 152,800 | |||
Tax Credit Carryforward, Amount | $ 68,900 | |||
Open Tax Year | 2017 2018 2019 2020 2021 | |||
Foreign Tax Authority [Member] | ||||
Deferred Tax Assets, Valuation Allowance, Total | $ 0 | |||
Open Tax Year | 2015 |
Note 13 - Income Taxes - Income
Note 13 - Income Taxes - Income Before Income Tax Domestic and Foreign (Details) - USD ($) $ in Thousands | 12 Months Ended | 24 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | Jan. 02, 2021 | |
Domestic | $ 24,003 | $ 33,417 | $ 11,772 | |
Foreign | 73,623 | 11,648 | 36,684 | |
Income before income taxes | $ 97,626 | $ 48,456 | $ 45,065 | $ 48,456 |
Note 13 - Income Taxes - Compon
Note 13 - Income Taxes - Components of Income Tax Expense Benefit (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Federal | $ 445 | $ 54 | $ 499 |
State | 45 | 68 | 45 |
Foreign | 1,538 | 1,025 | 1,345 |
Current Income Tax Expense (Benefit), Total | 2,028 | 1,147 | 1,889 |
Federal | 0 | 0 | 0 |
State | 0 | 0 | 0 |
Foreign | (324) | (83) | (317) |
Deferred Income Tax Expense (Benefit), Total | (324) | (83) | (317) |
Income tax expense | $ 1,704 | $ 1,064 | $ 1,572 |
Note 13 - Income Taxes - Effect
Note 13 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Statutory federal rate | 21.00% | 21.00% | 21.00% |
State taxes, net | (4.00%) | (4.00%) | 3.00% |
Federal tax credits | (3.00%) | (3.00%) | 3.00% |
Excess tax benefit for stock compensation | (8.00%) | (10.00%) | (6.00%) |
Foreign rate differential | (14.00%) | (12.00%) | (2.00%) |
U.S. tax on foreign operations | 3.00% | 15.00% | |
Foreign withholding taxes | 1.00% | 3.00% | 3.00% |
Capital loss expiration | 3.00% | 1.00% | |
Other deferred tax asset adjustment | 3.00% | ||
Valuation allowance | 8.00% | (13.00%) | (19.00%) |
Change in uncertain tax benefit accrual | (5.00%) | 2.00% | 0.00% |
Effective income tax rate | 2.00% | 2.00% | 4.00% |
Note 13 - Income Taxes - Deferr
Note 13 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021 |
Intangible assets | $ 8,236 | $ 10,082 |
Net operating loss carry forwards | 88,254 | 87,443 |
Tax credit carry forwards | 93,095 | 83,534 |
Accrued expenses and reserves | 6,590 | 5,464 |
Stock-based and deferred compensation | 4,477 | 3,851 |
Other | 6,615 | 9,493 |
Total deferred tax assets | 207,267 | 199,867 |
Less: valuation allowance | (200,438) | (192,478) |
Net deferred tax assets | 6,829 | 7,389 |
Fixed assets | 2,379 | 2,809 |
Unremitted earnings | 2,128 | 1,746 |
Other | 9,969 | 4,003 |
Total deferred tax liabilities | 14,476 | 8,558 |
Net deferred taxes | (7,647) | (1,169) |
Deferred tax assets (included in Other long-term assets) | 6,829 | 7,389 |
Deferred tax liabilities (included in Other long-term liabilities) | (14,476) | (8,558) |
Net deferred taxes | (7,647) | (1,169) |
Other Noncurrent Assets [Member] | ||
Net deferred tax assets | 953 | 577 |
Deferred tax assets (included in Other long-term assets) | 953 | 577 |
Other Noncurrent Liabilities [Member] | ||
Total deferred tax liabilities | 8,600 | 1,746 |
Deferred tax liabilities (included in Other long-term liabilities) | $ (8,600) | $ (1,746) |
Note 13 - Income Taxes - Valuat
Note 13 - Income Taxes - Valuation Allowance (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Balance | $ 192,478 | $ 198,499 | $ 207,108 |
Charged (Credit) to costs and expenses | 7,960 | (6,021) | (8,609) |
Charged (credit) to other accounts | 0 | 0 | 0 |
Balance | $ 200,438 | $ 192,478 | $ 198,499 |
Note 13 - Income Taxes - Unreco
Note 13 - Income Taxes - Unrecognized Tax Benefits Excluding Amounts Pertaining To Examined Tax Returns Roll Forward (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Balance | $ 55,737 | $ 56,962 | $ 58,285 |
Additions based on tax positions related to the current year | 1,156 | 548 | 238 |
Additions based on tax positions of prior years | 1,130 | 628 | 1,084 |
Reduction for tax positions of prior years | 0 | (213) | |
Reduction as a result of lapse of applicable statute of limitations | (2,718) | (2,401) | (2,432) |
Additions due to acquisition | 977 | ||
Settlements | (51) | ||
Balance | $ 56,231 | $ 55,737 | $ 56,962 |
Note 14 - Employee Benefit Pl_2
Note 14 - Employee Benefit Plans (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 2.6 | $ 2.4 | $ 0.8 |
Labor And Related Expense, Incentive Compensation | $ 18 | $ 7.9 | $ 5.8 |
Note 15 - Contingencies (Detail
Note 15 - Contingencies (Details Textual) $ in Millions | 12 Months Ended |
Jan. 01, 2022USD ($) | |
Loss Contingency, Damages Sought, Value | $ 138 |