Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Feb. 13, 2023 | Jul. 02, 2022 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0000855658 | ||
Entity Registrant Name | Lattice Semiconductor Corp | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 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 | ||
ICFR Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Entity Common Stock, Shares Outstanding | 137,382,419 | ||
Entity Public Float | $ 4,910,050,770 | ||
Auditor Name | Ernst & Young LLP | ||
Auditor Location | San Jose, California | ||
Auditor Firm ID | 42 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Revenue | $ 660,356 | $ 515,327 | $ 408,120 |
Cost of revenue | 208,306 | 193,652 | 162,814 |
Gross margin | 452,050 | 321,675 | 245,306 |
Operating expenses: | |||
Research and development | 135,767 | 110,518 | 89,223 |
Selling, general, and administrative | 122,076 | 105,617 | 95,331 |
Amortization of acquired intangible assets | 3,778 | 2,613 | 4,449 |
Restructuring charges | 2,551 | 940 | 3,937 |
Acquisition related charges | 511 | 1,171 | 0 |
Total operating expenses | 264,683 | 220,859 | 192,940 |
Income from operations | 187,367 | 100,816 | 52,366 |
Interest expense | (4,146) | (2,738) | (3,702) |
Other (expense) income, net | (1,109) | (452) | (208) |
Income before income taxes | 182,112 | 97,626 | 48,456 |
Income tax expense (benefit) | 3,230 | 1,704 | 1,064 |
Net income | $ 178,882 | $ 95,922 | $ 47,392 |
Net income per share: | |||
Basic (in dollars per share) | $ 1.30 | $ 0.70 | $ 0.35 |
Diluted (in dollars per share) | $ 1.27 | $ 0.67 | $ 0.34 |
Shares used in per share calculations: | |||
Basic (in shares) | 137,321 | 136,619 | 135,220 |
Diluted (in shares) | 140,667 | 142,143 | 141,276 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Net income | $ 178,882 | $ 95,922 | $ 47,392 |
Other comprehensive income (loss): | |||
Translation adjustment | (1,554) | (75) | 1,533 |
Change in actuarial valuation of defined benefit pension, net of tax | 591 | 372 | (678) |
Comprehensive income | $ 177,919 | $ 96,219 | $ 48,247 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
Current assets: | ||
Cash and cash equivalents | $ 145,722 | $ 131,570 |
Accounts receivable, net of allowance for credit losses | 94,018 | 79,859 |
Inventories, net | 110,375 | 67,594 |
Prepaid expenses and other current assets | 29,052 | 22,328 |
Total current assets | 379,167 | 301,351 |
Property and equipment, net | 47,614 | 38,094 |
Operating lease right-of-use assets | 17,590 | 23,818 |
Intangible assets, net | 25,070 | 29,782 |
Goodwill | 315,358 | 315,358 |
Other long-term assets | 13,914 | 18,091 |
Total assets | 798,713 | 726,494 |
Current liabilities: | ||
Accounts payable | 42,036 | 34,597 |
Accrued liabilities | 48,467 | 26,444 |
Accrued payroll obligations | 36,870 | 27,967 |
Current portion of long-term debt | 0 | 17,173 |
Total current liabilities | 127,373 | 106,181 |
Long-term debt, net of current portion | 128,752 | 140,760 |
Long-term operating lease liabilities, net of current portion | 13,618 | 19,248 |
Other long-term liabilities | 41,807 | 48,672 |
Total liabilities | 311,550 | 314,861 |
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; 137,099,000 shares issued and outstanding as of December 31, 2022 and 137,239,000 shares issued and outstanding as of January 1, 2022 | 1,371 | 1,372 |
Additional paid-in capital | 599,300 | 701,688 |
Accumulated deficit | (111,094) | (289,976) |
Accumulated other comprehensive loss | (2,414) | (1,451) |
Total stockholders' equity | 487,163 | 411,633 |
Total liabilities and stockholders' equity | $ 798,713 | $ 726,494 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Dec. 31, 2022 | Jan. 01, 2022 |
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) | 137,099,000 | 137,239,000 |
Common stock, shares outstanding (in shares) | 137,099,000 | 137,239,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Cash flows from operating activities: | |||
Net income | $ 178,882 | $ 95,922 | $ 47,392 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
Depreciation and amortization | 29,323 | 24,429 | 25,140 |
Stock-based compensation expense | 55,530 | 46,475 | 40,372 |
Amortization of right-of-use assets | 6,512 | 6,587 | 5,960 |
Impairment of operating lease right-of-use asset | 1,149 | 0 | 0 |
Other non-cash adjustments | 642 | (239) | 144 |
Changes in assets and liabilities: | |||
Accounts receivable, net | (14,159) | (12,013) | 336 |
Inventories, net | (42,781) | (2,995) | (9,619) |
Prepaid expenses and other assets | (6,276) | 1,918 | (6,441) |
Accounts payable | 7,439 | 7,046 | (16,820) |
Accrued liabilities | 20,101 | (2,855) | 6,314 |
Accrued payroll obligations | 8,903 | 9,692 | 4,624 |
Operating lease liabilities, current and long-term portions | (6,459) | (6,245) | (5,715) |
Net cash provided by (used in) operating activities | 238,806 | 167,722 | 91,687 |
Cash flows from investing activities: | |||
Cash paid for business acquisition, net of cash acquired | 0 | (68,099) | 0 |
Capital expenditures | (23,338) | (9,835) | (12,121) |
Cash paid for software and intellectual property licenses | (11,594) | (11,862) | (8,747) |
Net cash provided by (used in) investing activities | (34,932) | (89,796) | (20,868) |
Cash flows from financing activities: | |||
Restricted stock unit tax withholdings | (54,946) | (54,191) | (26,965) |
Proceeds from issuance of common stock | 7,159 | 8,827 | 10,103 |
Repurchase of common stock | (110,132) | (70,124) | (14,989) |
Proceeds from long-term debt, net of issuance costs | 148,597 | 0 | 50,000 |
Repayment of long-term debt | (178,750) | (13,125) | (26,250) |
Net cash provided by (used in) financing activities | (188,072) | (128,613) | (8,101) |
Effect of exchange rate change on cash | (1,650) | (75) | 1,533 |
Net increase (decrease) in cash and cash equivalents | 14,152 | (50,762) | 64,251 |
Beginning cash and cash equivalents | 131,570 | 182,332 | 118,081 |
Ending cash and cash equivalents | 145,722 | 131,570 | 182,332 |
Supplemental disclosure of cash flow information and non-cash investing and financing activities: | |||
Interest paid | 3,973 | 2,313 | 3,700 |
Operating lease payments | 7,419 | 7,639 | 7,713 |
Income taxes paid, net of refunds | 4,621 | 3,304 | 1,868 |
Accrued purchases of plant and equipment | 1,357 | 1,360 | 975 |
Operating lease right-of-use assets obtained in exchange for lease obligations | $ 2,134 | $ 8,134 | $ 2,645 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - 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. 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) |
Total comprehensive income | 48,247 | ||||
Balances (in shares) at Jan. 02, 2021 | 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) |
Total comprehensive income | $ 96,219 | ||||
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 |
Net income | 0 | 0 | 178,882 | 0 | 178,882 |
Other comprehensive income (loss) | 0 | 0 | 0 | (963) | (963) |
Total comprehensive income | 177,919 | ||||
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares) | 1,812,000 | ||||
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes | $ 18 | (47,806) | 0 | 0 | (47,788) |
Stock-based compensation expense | $ 0 | 55,530 | 0 | 0 | 55,530 |
Repurchase of common stock (in shares) | (1,952,000) | ||||
Repurchase of common stock | $ (19) | (110,112) | 0 | 0 | (110,131) |
Total comprehensive income | $ 177,919 | ||||
Balances (in shares) at Dec. 31, 2022 | 137,099,000 | 137,099,000 | |||
Balances at Dec. 31, 2022 | $ 1,371 | $ 599,300 | $ (111,094) | $ (2,414) | $ 487,163 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Significant Accounting Policies | 12 Months Ended |
Dec. 31, 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. 2022 52 December 31, 2022. 2021 52 January 1, 2022, 2020 53 January 2, 2021 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 largest distributor groups, the Weikeng Group ("Weikeng") and Arrow Electronics, Inc. ("Arrow"), each account for more than 10% Year Ended December 31, January 1, January 2, 2022 2022 2021 Weikeng Group 30 % 37 % 35 % Arrow Electronics Inc. 28 27 25 Other distributors 31 23 23 Revenue attributable to distributors 89 % 87 % 83 % At December 31, 2022 January 1, 2022 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 December 31, 2022, |
Note 2 - Net Income Per Share
Note 2 - Net Income Per Share | 12 Months Ended |
Dec. 31, 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 December 31, January 1, January 2, (In thousands, except per share data) 2022 2022 2021 Net income $ 178,882 $ 95,922 $ 47,392 Shares used in basic Net income per share 137,321 136,619 135,220 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 3,346 5,524 6,056 Shares used in diluted Net income per share 140,667 142,143 141,276 Basic Net income per share $ 1.30 $ 0.70 $ 0.35 Diluted Net income per share $ 1.27 $ 0.67 $ 0.34 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 December 31, January 1, January 2, (In thousands) 2022 2022 2021 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 472 638 646 |
Note 3 - Revenue From Contracts
Note 3 - Revenue From Contracts With Customers | 12 Months Ended |
Dec. 31, 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 December 31, January 1, January 2, (In thousands) 2022 2022 2021 Product revenue - Distributors $ 591,229 89 % $ 449,650 87 % $ 339,100 83 % Product revenue - Direct 51,988 8 % 45,202 9 % 49,402 12 % Licensing and services 17,139 3 % 20,475 4 % 19,618 5 % Total revenue $ 660,356 100 % $ 515,327 100 % $ 408,120 100 % Revenue by Geographical Market (In thousands) United States $ 94,972 14 % $ 60,176 12 % $ 43,945 11 % Other Americas 5,288 1 % 20,694 4 % 18,192 4 % Americas 100,260 15 % 80,870 16 % 62,137 15 % China 296,917 45 % 281,237 55 % 213,714 52 % Japan 90,902 14 % 47,915 9 % 25,435 6 % Other Asia 77,085 12 % 55,416 10 % 66,034 17 % Asia 464,904 71 % 384,568 74 % 305,183 75 % Europe 95,192 14 % 49,889 10 % 40,800 10 % Total revenue $ 660,356 100 % $ 515,327 100 % $ 408,120 100 % 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 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 Revenues recorded during the period 15,848 Transferred to Accounts receivable or collected (14,173 ) Contract assets as of December 31, 2022 $ 7,347 Contract liabilities are included in Accrued liabilities on our Consolidated Balance Sheets. The following table summarizes activity during the periods presented: (In thousands) 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 Prepaid customer deposit 12,811 Accruals for estimated future stock rotation and scrap returns 6,142 Less: Release of accruals for recognized stock rotation and scrap returns (6,055 ) Contract liabilities as of December 31, 2022 $ 17,666 |
Note 4 - Balance Sheet Componen
Note 4 - Balance Sheet Components | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | Note 4 Accounts Receivable Accounts receivable do not December 31, January 1, (In thousands) 2022 2022 Accounts receivable $ 94,018 $ 79,859 Less: Allowance for credit losses — — Accounts receivable, net of allowance for credit losses $ 94,018 $ 79,859 We had no 2022, 2021, 2020. Inventories December 31, January 1, (In thousands) 2022 2022 Work in progress $ 58,269 $ 43,546 Finished goods 52,106 24,048 Total inventories, net $ 110,375 $ 67,594 Accrued Liabilities Included in Accrued liabilities in the Consolidated Balance Sheets are the following balances: December 31, January 1, (In thousands) 2022 2022 Contract liability under ASC 606 $ 17,666 $ 4,768 Liability for non-cancelable contracts 10,498 9,930 Current portion of operating lease liabilities 6,454 5,696 Liability for production materials 6,002 — Other accrued liabilities 7,847 6,050 Total accrued liabilities $ 48,467 $ 26,444 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 January 2, 2021 $ 2,831 Costs capitalized 324 Amortization (775 ) Cloud based computing implementation costs as of January 1, 2022 $ 2,380 Costs capitalized 63 Amortization (841 ) Cloud based computing implementation costs as of December 31, 2022 $ 1,602 |
Note 5 - Property and Equipment
Note 5 - Property and Equipment | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 5 December 31, January 1, (In thousands) 2022 2022 Production equipment and software $ 149,787 $ 133,039 Leasehold improvements 12,416 12,960 Office furniture and equipment 1,760 2,000 163,963 147,999 Accumulated depreciation and amortization (116,349 ) (109,905 ) $ 47,614 $ 38,094 For fiscal years 2022 2021 2020 Property and Equipment – Geographic Information Our Property and equipment, net by country at the end of each period was as follows: December 31, January 1, (In thousands) 2022 2022 United States $ 29,118 $ 26,509 Taiwan 10,732 6,555 Philippines 3,596 2,498 China 2,229 1,643 Other 1,939 889 Total foreign property and equipment, net 18,496 11,585 Total property and equipment, net $ 47,614 $ 38,094 |
Note 6 - Business Combination a
Note 6 - Business Combination and Goodwill | 12 Months Ended |
Dec. 31, 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 fair values of the assets acquired and liabilities assumed in the acquisition of Mirametrix, by major class, were recognized as follows: (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 liabilities 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, as of November 12, 2021: 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 December 31, 2022 2022 2021, 2020. |
Note 7 - Intangible Assets
Note 7 - Intangible Assets | 12 Months Ended |
Dec. 31, 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 No 2022 2021, 2020. The following tables summarize the details of our Intangible assets, net as of December 31, 2022 January 1, 2022 December 31, 2022 (In thousands) Weighted Average Amortization Period (in years) Gross Accumulated Amortization Intangible assets, net Existing technology 5.1 $ 124,487 $ (113,157 ) $ 11,330 Customer relationships 6.1 32,734 (24,509 ) 8,225 Trade name / trademarks 10.0 1,500 (169 ) 1,331 Licensed technology 6.3 6,671 (2,487 ) 4,184 Total identified intangible assets $ 165,392 $ (140,322 ) $ 25,070 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 We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table: Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Research and development $ 1,054 $ 901 $ 124 Amortization of acquired intangible assets 3,778 2,613 4,449 $ 4,832 $ 3,514 $ 4,573 The annual expected amortization expense of acquired intangible assets is as follows: Fiscal year (In thousands) 2023 $ 4,522 2024 4,310 2025 4,263 2026 4,261 2027 4,197 Thereafter 3,517 Total $ 25,070 |
Note 8 - Long-term Debt
Note 8 - Long-term Debt | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Long-Term Debt [Text Block] | 8 On September 1, 2022, “2022 five not We drew down an initial $150 million revolving loan at closing, which we used along with $1.9 million of cash to (i) repay the $150.5 million term loan, revolving loan, and accrued interest obligations outstanding under our previous credit agreement (the “2019 2022 At our option, the revolving loans accrue interest at a per annum rate based on ranges determined by our consolidated total leverage ratio of either (i) the base rate (as defined in the 2022 1, 3 6 three three With the amendment of our 2019 2022 2022. twelve twelve The revolving loans under the 2022 may September 1, 2027. 2022, 2022 2019 The fair value of our long-term debt approximates the carrying value, which is reflected in our Consolidated Balance Sheets as follows: December 31, January 1, (In thousands) 2022 2022 Principal amount $ 130,000 $ 158,750 Unamortized original issuance discount and debt costs (1,248 ) (817 ) Less: Current portion of long-term debt — (17,173 ) Long-term debt, net of current portion and unamortized debt issue costs $ 128,752 $ 140,760 Interest expense related to our long-term debt is included in Interest expense on our Consolidated Statements of Operations as follows: Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Contractual interest $ 4,500 $ 2,304 $ 3,319 Amortization of original issuance discount and debt costs 310 362 400 Total interest expense related to long-term debt $ 4,810 $ 2,666 $ 3,719 |
Note 9 - Restructuring
Note 9 - Restructuring | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Restructuring and Related Activities Disclosure [Text Block] | 9 In September 2022, Q2 2019 April 2019. Q2 2019 2022. 2021, 2020. December 31, 2022. Q2 2019 In March 2020, “Q1 2020 plan, 2022, we incurred restructuring expense of approximately $0.2 million and $2.0 million, respectively, during fiscal 2021 2020 . Approximately $2.1 million of total expense has been incurred through December 31, 2022 Q1 2020 Q1 2020 In June 2017, "June 2017 gure our use of certain leased properties. June 2017 2022 2022, we incurred restructuring expense of approximately $0.7 million and $1.9 million, respectively, during fiscal 2021 2020. December 31, 2022. All actions planned under the 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 liabilities and Other long-term liabilities on our Consolidated Balance Sheets. (In thousands) Severance & Related (1) Lease Termination & Fixed Assets Other (2) Total 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 Restructuring charges 303 1,608 640 2,551 Costs paid or otherwise settled (154 ) (2,846 ) — (3,000 ) Accrued Restructuring at December 31, 2022 $ 400 $ 5,892 $ 640 $ 6,932 ( 1 Includes employee relocation costs and outplacement costs ( 2 Includes termination fees on the cancellation of certain contracts |
Note 10 - Leases
Note 10 - Leases | 12 Months Ended |
Dec. 31, 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. December 31, 2022. 2022 2021, 2020. The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during fiscal 2022 Operating lease right-of-use assets (In thousands) Balance as of January 1, 2022 $ 23,818 Right-of-use assets obtained for new lease contracts during the period 2,134 Amortization of right-of-use assets during the period (6,512 ) Impairment of right-of use asset during the period (recorded in Restructuring charges) (1,149 ) Adjustments for present value and foreign currency effects (701 ) Balance as of December 31, 2022 $ 17,590 Operating lease liabilities (In thousands) Balance as of January 1, 2022 $ 24,944 Lease liabilities incurred for new lease contracts during the period 2,134 Accretion of lease liabilities 1,087 Operating cash used by payments on lease liabilities (7,419 ) Adjustments for present value and foreign currency effects (674 ) Balance as of December 31, 2022 20,072 Less: Current portion of operating lease liabilities (included in Accrued liabilities) (6,454 ) Long-term operating lease liabilities, net of current portion $ 13,618 Lease obligations for facilities restructured prior to the adoption of Topic 842 December 31, 2022 Maturities of operating lease liabilities as of December 31, 2022 Fiscal year (In thousands) 2023 7,536 2024 6,042 2025 4,140 2026 2,522 2027 1,110 Thereafter 934 Total lease payments 22,284 Less: amount representing interest (2,212 ) Total lease liabilities $ 20,072 |
Note 11 - Stock-Based Compensat
Note 11 - Stock-Based Compensation Plans | 12 Months Ended |
Dec. 31, 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 December 31, 2022 , a total of 1.0 million shares of our common stock were available for future purchases under the 2012 At December 31, 2022 , a total of 5.0 million shares of our common stock were available for future grants under the 2013 2011 2018 2.2:1 2013 two two 2013 one 2022 , a total of 2.5 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 December 31, January 1, January 2, (In thousands) 2022 2022 2021 Cost of revenue $ 3,674 $ 3,049 $ 3,179 Research and development 19,645 14,563 10,124 Selling, general, and administrative 32,211 28,863 27,069 Total stock-based compensation $ 55,530 $ 46,475 $ 40,372 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 2022, 2021, 2020. zero no not not The following table summarizes the assumptions used in the valuation of ESPP compensation for the periods presented: Year Ended December 31, January 1, January 2, 2022 2022 2021 Employee Stock Purchase Plan Weighted average expected volatility 60.3% 39.9% 48.2% Weighted average risk-free interest rate 3.74% 0.07% 0.89% 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 $15.25, $13.04, and $6.62 for fiscal years 2022 2021 2020, At December 31, 2022, d stock compensation expense related to the ESPP $1.5 million, $1.2 million, and $1.0 million 2022 2021 2020 e recorded no expense in fiscal 2022, $1.0 million and 2021 2020 The following table summarizes our stock option activity and related information for the year ended December 31, 2022: (Shares and aggregate intrinsic value in thousands) Shares Weighted average exercise price Weighted average remaining contractual term (years) Aggregate Intrinsic Value Balance, January 1, 2022 1,367 $ 6.62 Granted — — Exercised (448 ) 6.48 Forfeited or expired (1 ) 5.01 Balance, December 31, 2022 918 $ 6.70 Vested and expected to vest at December 31, 2022 918 $ 6.70 1.93 $ 53,433 Exercisable, December 31, 2022 918 $ 6.70 1.93 $ 53,433 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 2022 2021 2020 Time-Based Restricted Stock Unit Awards The following table summarizes the activity for our time-based RSUs for the year ended December 31, 2022: (Shares in thousands) Shares Weighted average grant date fair value Balance, January 1, 2022 2,188 $ 31.85 Granted 843 62.23 Vested (1,132 ) 24.34 Forfeited or expired (78 ) 41.21 Balance, December 31, 2022 1,821 $ 50.18 At December 31, 2022, $81.6 million 2022 2021 2020 d stock compensation expense related to time-based RSUs $21.7 million, Market-Based and Performance-Based Awards In 2020 through 2022 , 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 2022, 2021 2020, we granted awards of RSUs with a market condition to certain executives. 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 2022 2021 grants on the 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 nd the entire award cannot be fully earned until five first second January 1, 2022 December 31, 2022, Market-Based and Performance-Based Awards — Vesting During fiscal 2022, 75th 2022, fifth sixth four two four During fiscal 2021, 75th 2021, second third 33.3% four two four January 1, 2022, four two four fourth 40% During fiscal 2020, 75th 2020, first four two four 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, 2022 , 2021 , and 2020 , respectively, December 31, 2022, $21.6 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 December 31, January 1, January 2, 2022 2022 2021 Executive RSUs with a market condition or performance condition Weighted average expected volatility 51.44% 50.37% to 52.11% 42.38% Weighted average risk-free interest rate 1.67% 0.22% to 0.77% 1.40% Expected term (years) 3.00 3.00 to 5.00 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 1, 2022 1,246 $ 41.23 Granted 183 96.63 Effect of vesting multiplier 642 Vested (1,086 ) 20.38 Balance, December 31, 2022 985 $ 60.15 |
Note 12 - Common Stock Repurcha
Note 12 - Common Stock Repurchase Program | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Treasury Stock [Text Block] | Note 12 On August 8, 2022, "2023 2023 December 2023. 2023 fourth 2022, 2023 fourth 2022. December 31, 2022, 2023 2022. |
Note 13 - Income Taxes
Note 13 - Income Taxes | 12 Months Ended |
Dec. 31, 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 December 31, January 1, January 2, (In thousands) 2022 2022 2021 Domestic $ 30,362 $ 24,003 $ 11,772 Foreign 151,750 73,623 36,684 Income before taxes $ 182,112 $ 97,626 $ 48,456 The components of Income tax expense are as follows: Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Current: Federal $ 748 $ 445 $ 54 State 265 45 68 Foreign 3,637 1,538 1,025 4,650 2,028 1,147 Deferred: Federal — — — State — — — Foreign (1,420 ) (324 ) (83 ) (1,420 ) (324 ) (83 ) Income tax expense $ 3,230 $ 1,704 $ 1,064 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 December 31, January 1, January 2, 2022 2022 2021 % % % Statutory federal rate 21 21 21 Adjustments for tax effects of: State taxes, net (2) (4) (4) Federal tax credits (1) (3) (3) Excess tax benefit from stock compensation — (8) (10) Foreign rate differential (16) (14) (12) U.S. tax on foreign operations 33 3 15 Foreign withholding taxes 1 1 3 Capital loss expiration 1 3 — Other deferred tax asset adjustment — — 3 Valuation allowance (33) 8 (13) Change in uncertain tax benefit accrual (2) (5) 2 Effective income tax rate 2 2 2 We updated our evaluation of the valuation allowance position in the United States through December 31, 2022 not . The components of our net deferred tax assets and liabilities are as follows: (In thousands) December 31, 2022 January 1, 2022 Deferred tax assets: Intangible assets $ 6,264 $ 8,236 Net operating loss carry forwards 15,362 88,254 Tax credit carry forwards 103,092 93,095 Accrued liabilities and reserves 12,932 6,590 Stock-based and deferred compensation 3,769 4,477 Other 5,031 6,615 Total deferred tax assets 146,450 207,267 Less: valuation allowance (140,533 ) (200,438 ) Net deferred tax assets 5,917 6,829 Deferred tax liabilities: Fixed assets 2,058 2,379 Unremitted earnings 2,498 2,128 Other 8,134 9,969 Total deferred tax liabilities 12,690 14,476 Net deferred taxes $ (6,773 ) $ (7,647 ) Reported as: Deferred tax assets (included in Other long-term assets) $ 1,022 $ 953 Deferred tax liabilities (included in Other long-term liabilities) (7,795 ) (8,600 ) Net deferred taxes $ (6,773 ) $ (7,647 ) 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 December 31, 2022 $ 200,438 $ (59,905 ) $ — $ 140,533 January 1, 2022 $ 192,478 $ 7,960 $ — $ 200,438 January 2, 2021 $ 198,499 $ (6,021 ) $ — $ 192,478 At December 31, 2022, not 2023 2041. 2023 2042, not Future utilization of federal and state net operating losses and tax credit carry forwards may 50% three may Foreign earnings may December 31, 2022, not At December 31, 2022 January 1, 2022, December 31, 2022 January 1, 2022, 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 28, 2019 $ 56,962 Additions based on tax positions related to the current year 548 Additions based on tax positions of prior years 628 Reduction 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 Additions based on tax positions related to the current year 1,594 Additions based on tax positions of prior years 2,798 Settlements (148 ) Reduction as a result of lapse of applicable statute of limitations (1,586 ) Balance at December 31, 2022 $ 58,889 Our liability for uncertain tax positions (including penalties and interest) was $21.6 million at both December 31, 20 22 January 1, 2022 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 $47.9 million and $44.2 million at December 31, 2022 January 1, 2022, At December 31, 2022, twelve The years that remain subject to examination ar e 2017 2016 may 2020 |
Note 14 - Employee Benefit Plan
Note 14 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | Note 14 Qualified Investment Plan In 1990, 401 may not 2022 2021 2020 Cash Incentive Plans For 2022 2021 2020 not first 2022 2021 2020 |
Note 15 - Contingencies
Note 15 - Contingencies | 12 Months Ended |
Dec. 31, 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 |
Dec. 31, 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. 2022 52 December 31, 2022. 2021 52 January 1, 2022, 2020 53 January 2, 2021 |
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 largest distributor groups, the Weikeng Group ("Weikeng") and Arrow Electronics, Inc. ("Arrow"), each account for more than 10% Year Ended December 31, January 1, January 2, 2022 2022 2021 Weikeng Group 30 % 37 % 35 % Arrow Electronics Inc. 28 27 25 Other distributors 31 23 23 Revenue attributable to distributors 89 % 87 % 83 % At December 31, 2022 January 1, 2022 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 December 31, 2022, |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Year Ended December 31, January 1, January 2, 2022 2022 2021 Weikeng Group 30 % 37 % 35 % Arrow Electronics Inc. 28 27 25 Other distributors 31 23 23 Revenue attributable to distributors 89 % 87 % 83 % |
Note 2 - Net Income Per Share (
Note 2 - Net Income Per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year Ended December 31, January 1, January 2, (In thousands, except per share data) 2022 2022 2021 Net income $ 178,882 $ 95,922 $ 47,392 Shares used in basic Net income per share 137,321 136,619 135,220 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 3,346 5,524 6,056 Shares used in diluted Net income per share 140,667 142,143 141,276 Basic Net income per share $ 1.30 $ 0.70 $ 0.35 Diluted Net income per share $ 1.27 $ 0.67 $ 0.34 Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 472 638 646 |
Note 3 - Revenue From Contrac_2
Note 3 - Revenue From Contracts With Customers (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Year Ended Revenue by Channel December 31, January 1, January 2, (In thousands) 2022 2022 2021 Product revenue - Distributors $ 591,229 89 % $ 449,650 87 % $ 339,100 83 % Product revenue - Direct 51,988 8 % 45,202 9 % 49,402 12 % Licensing and services 17,139 3 % 20,475 4 % 19,618 5 % Total revenue $ 660,356 100 % $ 515,327 100 % $ 408,120 100 % Revenue by Geographical Market (In thousands) United States $ 94,972 14 % $ 60,176 12 % $ 43,945 11 % Other Americas 5,288 1 % 20,694 4 % 18,192 4 % Americas 100,260 15 % 80,870 16 % 62,137 15 % China 296,917 45 % 281,237 55 % 213,714 52 % Japan 90,902 14 % 47,915 9 % 25,435 6 % Other Asia 77,085 12 % 55,416 10 % 66,034 17 % Asia 464,904 71 % 384,568 74 % 305,183 75 % Europe 95,192 14 % 49,889 10 % 40,800 10 % Total revenue $ 660,356 100 % $ 515,327 100 % $ 408,120 100 % |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | (In thousands) Contract assets as of January 2, 2021 $ 5,611 Revenues recorded during the period 15,587 Transferred to Accounts receivable or collected (15,526 ) Contract assets as of January 1, 2022 $ 5,672 Revenues recorded during the period 15,848 Transferred to Accounts receivable or collected (14,173 ) Contract assets as of December 31, 2022 $ 7,347 (In thousands) 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 Prepaid customer deposit 12,811 Accruals for estimated future stock rotation and scrap returns 6,142 Less: Release of accruals for recognized stock rotation and scrap returns (6,055 ) Contract liabilities as of December 31, 2022 $ 17,666 |
Note 4 - Balance Sheet Compon_2
Note 4 - Balance Sheet Components (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | December 31, January 1, (In thousands) 2022 2022 Accounts receivable $ 94,018 $ 79,859 Less: Allowance for credit losses — — Accounts receivable, net of allowance for credit losses $ 94,018 $ 79,859 |
Schedule of Inventory, Current [Table Text Block] | December 31, January 1, (In thousands) 2022 2022 Work in progress $ 58,269 $ 43,546 Finished goods 52,106 24,048 Total inventories, net $ 110,375 $ 67,594 |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | December 31, January 1, (In thousands) 2022 2022 Contract liability under ASC 606 $ 17,666 $ 4,768 Liability for non-cancelable contracts 10,498 9,930 Current portion of operating lease liabilities 6,454 5,696 Liability for production materials 6,002 — Other accrued liabilities 7,847 6,050 Total accrued liabilities $ 48,467 $ 26,444 |
Schedule of Capitalized Software Costs [Table Text Block] | (In thousands) 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 Costs capitalized 63 Amortization (841 ) Cloud based computing implementation costs as of December 31, 2022 $ 1,602 |
Note 5 - Property and Equipme_2
Note 5 - Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31, January 1, (In thousands) 2022 2022 Production equipment and software $ 149,787 $ 133,039 Leasehold improvements 12,416 12,960 Office furniture and equipment 1,760 2,000 163,963 147,999 Accumulated depreciation and amortization (116,349 ) (109,905 ) $ 47,614 $ 38,094 December 31, January 1, (In thousands) 2022 2022 United States $ 29,118 $ 26,509 Taiwan 10,732 6,555 Philippines 3,596 2,498 China 2,229 1,643 Other 1,939 889 Total foreign property and equipment, net 18,496 11,585 Total property and equipment, net $ 47,614 $ 38,094 |
Note 6 - Business Combination_2
Note 6 - Business Combination and Goodwill (Tables) | 12 Months Ended |
Dec. 31, 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 liabilities 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 |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | December 31, 2022 (In thousands) Weighted Average Amortization Period (in years) Gross Accumulated Amortization Intangible assets, net Existing technology 5.1 $ 124,487 $ (113,157 ) $ 11,330 Customer relationships 6.1 32,734 (24,509 ) 8,225 Trade name / trademarks 10.0 1,500 (169 ) 1,331 Licensed technology 6.3 6,671 (2,487 ) 4,184 Total identified intangible assets $ 165,392 $ (140,322 ) $ 25,070 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 |
Finite-Lived Intangible Assets Amortization Expense [Table Text Block] | Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Research and development $ 1,054 $ 901 $ 124 Amortization of acquired intangible assets 3,778 2,613 4,449 $ 4,832 $ 3,514 $ 4,573 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Fiscal year (In thousands) 2023 $ 4,522 2024 4,310 2025 4,263 2026 4,261 2027 4,197 Thereafter 3,517 Total $ 25,070 |
Note 8 - Long-term Debt (Tables
Note 8 - Long-term Debt (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Long-Term Debt Instruments [Table Text Block] | December 31, January 1, (In thousands) 2022 2022 Principal amount $ 130,000 $ 158,750 Unamortized original issuance discount and debt costs (1,248 ) (817 ) Less: Current portion of long-term debt — (17,173 ) Long-term debt, net of current portion and unamortized debt issue costs $ 128,752 $ 140,760 |
Interest Income and Interest Expense Disclosure [Table Text Block] | Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Contractual interest $ 4,500 $ 2,304 $ 3,319 Amortization of original issuance discount and debt costs 310 362 400 Total interest expense related to long-term debt $ 4,810 $ 2,666 $ 3,719 |
Note 9 - Restructuring (Tables)
Note 9 - Restructuring (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | (In thousands) Severance & Related (1) Lease Termination & Fixed Assets Other (2) Total Accrued Restructuring at 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 Restructuring charges 303 1,608 640 2,551 Costs paid or otherwise settled (154 ) (2,846 ) — (3,000 ) Accrued Restructuring at December 31, 2022 $ 400 $ 5,892 $ 640 $ 6,932 |
Note 10 - Leases (Tables)
Note 10 - Leases (Tables) | 12 Months Ended |
Dec. 31, 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 1, 2022 $ 23,818 Right-of-use assets obtained for new lease contracts during the period 2,134 Amortization of right-of-use assets during the period (6,512 ) Impairment of right-of use asset during the period (recorded in Restructuring charges) (1,149 ) Adjustments for present value and foreign currency effects (701 ) Balance as of December 31, 2022 $ 17,590 Operating lease liabilities (In thousands) Balance as of January 1, 2022 $ 24,944 Lease liabilities incurred for new lease contracts during the period 2,134 Accretion of lease liabilities 1,087 Operating cash used by payments on lease liabilities (7,419 ) Adjustments for present value and foreign currency effects (674 ) Balance as of December 31, 2022 20,072 Less: Current portion of operating lease liabilities (included in Accrued liabilities) (6,454 ) Long-term operating lease liabilities, net of current portion $ 13,618 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Fiscal year (In thousands) 2023 7,536 2024 6,042 2025 4,140 2026 2,522 2027 1,110 Thereafter 934 Total lease payments 22,284 Less: amount representing interest (2,212 ) Total lease liabilities $ 20,072 |
Note 11 - Stock-Based Compens_2
Note 11 - Stock-Based Compensation Plans (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Cost of revenue $ 3,674 $ 3,049 $ 3,179 Research and development 19,645 14,563 10,124 Selling, general, and administrative 32,211 28,863 27,069 Total stock-based compensation $ 55,530 $ 46,475 $ 40,372 |
Schedule of Share-based Payment Award, Stock Options and Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] | Year Ended December 31, January 1, January 2, 2022 2022 2021 Employee Stock Purchase Plan Weighted average expected volatility 60.3% 39.9% 48.2% Weighted average risk-free interest rate 3.74% 0.07% 0.89% 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 1, 2022 1,367 $ 6.62 Granted — — Exercised (448 ) 6.48 Forfeited or expired (1 ) 5.01 Balance, December 31, 2022 918 $ 6.70 Vested and expected to vest at December 31, 2022 918 $ 6.70 1.93 $ 53,433 Exercisable, December 31, 2022 918 $ 6.70 1.93 $ 53,433 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | (Shares in thousands) Shares Weighted average grant date fair value Balance, January 1, 2022 2,188 $ 31.85 Granted 843 62.23 Vested (1,132 ) 24.34 Forfeited or expired (78 ) 41.21 Balance, December 31, 2022 1,821 $ 50.18 |
Schedule of Share-based Payment Award, Restricted Stock Units, Valuation Assumptions [Table Text Block] | Year Ended December 31, January 1, January 2, 2022 2022 2021 Executive RSUs with a market condition or performance condition Weighted average expected volatility 51.44% 50.37% to 52.11% 42.38% Weighted average risk-free interest rate 1.67% 0.22% to 0.77% 1.40% Expected term (years) 3.00 3.00 to 5.00 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 1, 2022 1,246 $ 41.23 Granted 183 96.63 Effect of vesting multiplier 642 Vested (1,086 ) 20.38 Balance, December 31, 2022 985 $ 60.15 |
Note 13 - Income Taxes (Tables)
Note 13 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Domestic $ 30,362 $ 24,003 $ 11,772 Foreign 151,750 73,623 36,684 Income before taxes $ 182,112 $ 97,626 $ 48,456 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended December 31, January 1, January 2, (In thousands) 2022 2022 2021 Current: Federal $ 748 $ 445 $ 54 State 265 45 68 Foreign 3,637 1,538 1,025 4,650 2,028 1,147 Deferred: Federal — — — State — — — Foreign (1,420 ) (324 ) (83 ) (1,420 ) (324 ) (83 ) Income tax expense $ 3,230 $ 1,704 $ 1,064 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended December 31, January 1, January 2, 2022 2022 2021 % % % Statutory federal rate 21 21 21 Adjustments for tax effects of: State taxes, net (2) (4) (4) Federal tax credits (1) (3) (3) Excess tax benefit from stock compensation — (8) (10) Foreign rate differential (16) (14) (12) U.S. tax on foreign operations 33 3 15 Foreign withholding taxes 1 1 3 Capital loss expiration 1 3 — Other deferred tax asset adjustment — — 3 Valuation allowance (33) 8 (13) Change in uncertain tax benefit accrual (2) (5) 2 Effective income tax rate 2 2 2 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (In thousands) December 31, 2022 January 1, 2022 Deferred tax assets: Intangible assets $ 6,264 $ 8,236 Net operating loss carry forwards 15,362 88,254 Tax credit carry forwards 103,092 93,095 Accrued liabilities and reserves 12,932 6,590 Stock-based and deferred compensation 3,769 4,477 Other 5,031 6,615 Total deferred tax assets 146,450 207,267 Less: valuation allowance (140,533 ) (200,438 ) Net deferred tax assets 5,917 6,829 Deferred tax liabilities: Fixed assets 2,058 2,379 Unremitted earnings 2,498 2,128 Other 8,134 9,969 Total deferred tax liabilities 12,690 14,476 Net deferred taxes $ (6,773 ) $ (7,647 ) Reported as: Deferred tax assets (included in Other long-term assets) $ 1,022 $ 953 Deferred tax liabilities (included in Other long-term liabilities) (7,795 ) (8,600 ) Net deferred taxes $ (6,773 ) $ (7,647 ) |
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 December 31, 2022 $ 200,438 $ (59,905 ) $ — $ 140,533 January 1, 2022 $ 192,478 $ 7,960 $ — $ 200,438 January 2, 2021 $ 198,499 $ (6,021 ) $ — $ 192,478 |
Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block] | (In thousands) 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 Reduction 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 Additions based on tax positions related to the current year 1,594 Additions based on tax positions of prior years 2,798 Settlements (148 ) Reduction as a result of lapse of applicable statute of limitations (1,586 ) Balance at December 31, 2022 $ 58,889 |
Note 1 - Basis of Presentatio_3
Note 1 - Basis of Presentation and Significant Accounting Policies (Details Textual) | 6 Months Ended | 12 Months Ended | ||
Jul. 02, 2022 | Dec. 31, 2022 | 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 | |||
Revenue Benchmark [Member] | Sell-through Distributors Concentration Risk [Member] | ||||
Number of Distributors | 2 | |||
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Weikeng Group [Member] | ||||
Concentration Risk, Percentage | 30% | 37% | 35% | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Arrow Electronics Inc [Member] | ||||
Concentration Risk, Percentage | 28% | 27% | 25% | |
Accounts Receivable [Member] | Sell-through Distributors Concentration Risk [Member] | Large Distributor Two [Member] | ||||
Concentration Risk, Percentage | 28% | |||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Weikeng Group [Member] | ||||
Concentration Risk, Percentage | 47% | 59% | ||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Arrow Electronics Inc [Member] | ||||
Concentration Risk, Percentage | 27% |
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 | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Weikeng Group [Member] | |||
Revenue Percentage | 30% | 37% | 35% |
Arrow Electronics Inc [Member] | |||
Revenue Percentage | 28% | 27% | 25% |
Other [Member] | |||
Revenue Percentage | 31% | 23% | 23% |
Distributors [Member] | |||
Revenue Percentage | 89% | 87% | 83% |
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 | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Net income | $ 178,882 | $ 95,922 | $ 47,392 |
Shares used in basic Net income per share (in shares) | 137,321 | 136,619 | 135,220 |
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition (in shares) | 3,346 | 5,524 | 6,056 |
Shares used in diluted Net income per share (in shares) | 140,667 | 142,143 | 141,276 |
Basic (in dollars per share) | $ 1.30 | $ 0.70 | $ 0.35 |
Diluted (in dollars per share) | $ 1.27 | $ 0.67 | $ 0.34 |
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive (in shares) | 472 | 638 | 646 |
Note 3 - Revenue From Contrac_3
Note 3 - Revenue From Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Revenue | $ 660,356 | $ 515,327 | $ 408,120 |
Percentage of revenue | 100% | 100% | 100% |
UNITED STATES | |||
Revenue | $ 94,972 | $ 60,176 | $ 43,945 |
Percentage of revenue | 14% | 12% | 11% |
Other Americas [Member] | |||
Revenue | $ 5,288 | $ 20,694 | $ 18,192 |
Percentage of revenue | 1% | 4% | 4% |
Americas [Member] | |||
Revenue | $ 100,260 | $ 80,870 | $ 62,137 |
Percentage of revenue | 15% | 16% | 15% |
CHINA | |||
Revenue | $ 296,917 | $ 281,237 | $ 213,714 |
Percentage of revenue | 45% | 55% | 52% |
JAPAN | |||
Revenue | $ 90,902 | $ 47,915 | $ 25,435 |
Percentage of revenue | 14% | 9% | 6% |
Other Asia [Member] | |||
Revenue | $ 77,085 | $ 55,416 | $ 66,034 |
Percentage of revenue | 12% | 10% | 17% |
Asia [Member] | |||
Revenue | $ 464,904 | $ 384,568 | $ 305,183 |
Percentage of revenue | 71% | 74% | 75% |
Europe [Member] | |||
Revenue | $ 95,192 | $ 49,889 | $ 40,800 |
Percentage of revenue | 14% | 10% | 10% |
Product [Member] | Sales Channel, Through Intermediary [Member] | |||
Revenue | $ 591,229 | $ 449,650 | $ 339,100 |
Percentage of revenue | 89% | 87% | 83% |
Product [Member] | Sales Channel, Directly to Consumer [Member] | |||
Revenue | $ 51,988 | $ 45,202 | $ 49,402 |
Percentage of revenue | 8% | 9% | 12% |
License and Service [Member] | |||
Revenue | $ 17,139 | $ 20,475 | $ 19,618 |
Percentage of revenue | 3% | 4% | 5% |
Note 3 - Revenue From Contrac_4
Note 3 - Revenue From Contracts With Customers - Contract Balance (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Jan. 01, 2022 | |
Contract assets, balance | $ 5,672 | $ 5,611 |
Revenues recorded during the period | 15,848 | 15,587 |
Transferred to Accounts receivable or collected | (14,173) | (15,526) |
Contract assets, balance | 7,347 | 5,672 |
Contract liabilities as of January 2, 2021 | 4,768 | 3,068 |
Accruals for estimated future stock rotation and scrap returns | 6,142 | 4,613 |
Less: Release of accruals for recognized stock rotation and scrap returns | (6,055) | (2,913) |
Prepaid customer deposit | 12,811 | |
Contract liabilities as of January 1, 2022 | $ 17,666 | $ 4,768 |
Note 4 - Balance Sheet Compon_3
Note 4 - Balance Sheet Components - Accounts Receivable (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
Accounts receivable | $ 94,018 | $ 79,859 |
Less: Allowance for credit losses | 0 | 0 |
Accounts receivable, net of allowance for credit losses | $ 94,018 | $ 79,859 |
Note 4 - Balance Sheet Compon_4
Note 4 - Balance Sheet Components - Inventories (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
Work in progress | $ 58,269 | $ 43,546 |
Finished goods | 52,106 | 24,048 |
Total inventories, net | $ 110,375 | $ 67,594 |
Note 4 - Balance Sheet Compon_5
Note 4 - Balance Sheet Components - Accrued Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
Contract liability under ASC 606 | $ 17,666 | $ 4,768 |
Liability for non-cancelable contracts | 10,498 | 9,930 |
Liability for production materials | 6,002 | 0 |
Other accrued liabilities | 7,847 | 6,050 |
Total accrued liabilities | 48,467 | 26,444 |
Accrued Liabilities [Member] | ||
Current portion of operating lease liabilities | $ 6,454 | $ 5,696 |
Note 4 - Balance Sheet Compon_6
Note 4 - Balance Sheet Components - Capitalized Software Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Jan. 01, 2022 | |
Cloud based computing implementation costs as of January 2, 2021 | $ 2,380 | $ 2,831 |
Costs capitalized | 63 | 324 |
Amortization | (841) | (775) |
Cloud based computing implementation costs as of January 1, 2022 | $ 1,602 | $ 2,380 |
Note 5 - Property and Equipme_3
Note 5 - Property and Equipment (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Depreciation, Total | $ 13.8 | $ 12 | $ 11.8 |
Note 5 - Property and Equipme_4
Note 5 - Property and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
Property and Equipment | $ 163,963 | $ 147,999 |
Accumulated depreciation and amortization | (116,349) | (109,905) |
Property and Equipment, Net | 47,614 | 38,094 |
Property, Plant and Equipment, Net | 47,614 | 38,094 |
UNITED STATES | ||
Property and Equipment, Net | 29,118 | 26,509 |
Property, Plant and Equipment, Net | 29,118 | 26,509 |
TAIWAN | ||
Property and Equipment, Net | 10,732 | 6,555 |
Property, Plant and Equipment, Net | 10,732 | 6,555 |
PHILIPPINES | ||
Property and Equipment, Net | 3,596 | 2,498 |
Property, Plant and Equipment, Net | 3,596 | 2,498 |
CHINA | ||
Property and Equipment, Net | 2,229 | 1,643 |
Property, Plant and Equipment, Net | 2,229 | 1,643 |
Other [Member] | ||
Property and Equipment, Net | 1,939 | 889 |
Property, Plant and Equipment, Net | 1,939 | 889 |
Foreign Countries [Member] | ||
Property and Equipment, Net | 18,496 | 11,585 |
Property, Plant and Equipment, Net | 18,496 | 11,585 |
Production Equipment and Software [Member] | ||
Property and Equipment | 149,787 | 133,039 |
Leasehold Improvements [Member] | ||
Property and Equipment | 12,416 | 12,960 |
Office Equipment [Member] | ||
Property and Equipment | $ 1,760 | $ 2,000 |
Note 6 - Business Combination_3
Note 6 - Business Combination and Goodwill (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||||
Nov. 12, 2011 | Dec. 31, 2022 | Jan. 01, 2022 | Nov. 12, 2021 | Nov. 11, 2011 | |
Goodwill, Ending Balance | $ 315,358 | $ 315,358 | $ 267,500 | ||
Goodwill, Impairment Loss | 0 | ||||
Mirametrix [Member] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 100% | ||||
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 | Dec. 31, 2022 | Jan. 01, 2022 | Nov. 12, 2011 | Nov. 11, 2011 |
Goodwill, Ending Balance | $ 315,358 | $ 315,358 | $ 267,500 | |
Accrued liabilities | 5 | |||
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 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 | 12 Months Ended | ||
Nov. 12, 2021 | Dec. 31, 2022 | Jan. 01, 2022 | |
Existing Technology [Member] | |||
Weighted Average Amortization (Year) | 5 years 1 month 6 days | 5 years 1 month 6 days | |
Customer Relationships [Member] | |||
Weighted Average Amortization (Year) | 6 years 1 month 6 days | 6 years 1 month 6 days | |
Trademarks and Trade Names [Member] | |||
Weighted Average Amortization (Year) | 10 years | 10 years | |
Mirametrix [Member] | |||
Fair value | $ 24.8 | ||
Mirametrix [Member] | Existing Technology [Member] | |||
Weighted Average Amortization (Year) | 7 years | ||
Fair value | $ 13.5 | ||
Mirametrix [Member] | Customer Relationships [Member] | |||
Weighted Average Amortization (Year) | 7 years | ||
Fair value | $ 9.8 | ||
Mirametrix [Member] | Trademarks and Trade Names [Member] | |||
Weighted Average Amortization (Year) | 10 years | ||
Fair value | $ 1.5 |
Note 7 - Intangible Assets (Det
Note 7 - Intangible Assets (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
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 | |
Dec. 31, 2022 | Jan. 01, 2022 | |
Intangible Assets, gross | $ 165,392 | $ 165,272 |
Accumulated Amortization | (140,322) | (135,490) |
Intangible Assets, net | $ 25,070 | $ 29,782 |
Existing Technology [Member] | ||
Weighted Average Amortization (Year) | 5 years 1 month 6 days | 5 years 1 month 6 days |
Intangible Assets, gross | $ 124,487 | $ 124,487 |
Accumulated Amortization | (113,157) | (111,090) |
Intangible Assets, net | $ 11,330 | $ 13,397 |
Customer Relationships [Member] | ||
Weighted Average Amortization (Year) | 6 years 1 month 6 days | 6 years 1 month 6 days |
Intangible Assets, gross | $ 32,734 | $ 32,734 |
Accumulated Amortization | (24,509) | (22,947) |
Intangible Assets, net | $ 8,225 | $ 9,787 |
Trademarks and Trade Names [Member] | ||
Weighted Average Amortization (Year) | 10 years | 10 years |
Intangible Assets, gross | $ 1,500 | $ 1,500 |
Accumulated Amortization | (169) | (19) |
Intangible Assets, net | $ 1,331 | $ 1,481 |
Licensed Technology [Member] | ||
Weighted Average Amortization (Year) | 6 years 3 months 18 days | 6 years 3 months 18 days |
Intangible Assets, gross | $ 6,671 | $ 6,551 |
Accumulated Amortization | (2,487) | (1,434) |
Intangible Assets, net | $ 4,184 | $ 5,117 |
Note 7 - Intangible Assets - Am
Note 7 - Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Research and Development Expense [Member] | |||
Amortization of intangible assets | $ 1,054 | $ 901 | $ 124 |
Amortization of Acquired Intangible Assets [Member] | |||
Amortization of intangible assets | $ 3,778 | $ 2,613 | $ 4,449 |
Note 7 - Intangible Assets - _2
Note 7 - Intangible Assets - Finite Lived Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
2023 | $ 4,522 | |
2024 | 4,310 | |
2025 | 4,263 | |
2026 | 4,261 | |
2027 | 4,197 | |
Thereafter | 3,517 | |
Total | $ 25,070 | $ 29,782 |
Note 8 - Long-term Debt (Detail
Note 8 - Long-term Debt (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |||||
Sep. 01, 2022 | May 17, 2019 | May 17, 2018 | Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Repayments of Long-Term Debt, Total | $ 178,750 | $ 13,125 | $ 26,250 | |||
The 2022 Credit Agreement [Member[ | Other (Expense) Income, Net [Member] | ||||||
Amortization of Debt Issuance Costs and Discounts, Total | $ 700 | |||||
The 2022 Credit Agreement [Member[ | Revolving Credit Facility [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | 350,000 | |||||
Proceeds from Lines of Credit, Total | 150,000 | |||||
Debt Instrument, Fee Amount | 1,400 | |||||
Debt Issuance Costs, Gross | 900 | |||||
The 2022 Credit Agreement [Member[ | Revolving Credit Facility [Member] | Secured Term Loan [Member] | ||||||
Repayments of Long-Term Debt, Total | 28,800 | |||||
Repayment of Long-term Debt, Discretionary | 20,000 | |||||
Debt Instrument, Periodic Payment, Total | $ 8,800 | |||||
Credit Agreement, May 17, 2019 [Member] | Term Loan [Member] | ||||||
Repayments of Fees and Accrued Interest | 1,900 | |||||
Extinguishment of Debt and Accrued Interest, Amount | $ 150,500 | |||||
Credit Agreement, May 17, 2019 [Member] | Revolving Credit Facility [Member] | ||||||
Line of Credit Facility, Commitment Fee Percentage | 0.20% | |||||
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% | |||||
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% |
Note 8 - Long-term Debt - Fair
Note 8 - Long-term Debt - Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
Principal amount | $ 130,000 | $ 158,750 |
Unamortized original issuance discount and debt costs | (1,248) | (817) |
Less: Current portion of long-term debt | 0 | (17,173) |
Long-term debt, net of current portion and unamortized debt issue costs | $ 128,752 | $ 140,760 |
Note 8 - Long-term Debt - Inter
Note 8 - Long-term Debt - Interest Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Contractual interest | $ 4,500 | $ 2,304 | $ 3,319 |
Amortization of original issuance discount and debt costs | 310 | 362 | 400 |
Total interest expense related to long-term debt | $ 4,810 | $ 2,666 | $ 3,719 |
Note 9 - Restructuring (Details
Note 9 - Restructuring (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | 67 Months Ended | |||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | Jan. 02, 2021 | Dec. 31, 2022 | |
Restructuring Charges, Total | $ 2,551 | $ 940 | $ 3,937 | ||
Operating Lease, Impairment Loss | 1,149 | 0 | 0 | ||
Q2 2019 Sales Plan [Member] | |||||
Restructuring and Related Cost, Incurred Cost | 1,000 | ||||
Restructuring Charges, Total | 100 | $ 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 3,100 | $ 3,100 | |||
Q1 2020 Plan [Member] | |||||
Restructuring and Related Cost, Incurred Cost | 100 | ||||
Restructuring and Related Cost, Cost Incurred to Date | 2,100 | 2,100 | |||
Q1 2020 Plan [Member] | Minimum [Member] | |||||
Restructuring Charges, Total | 200 | ||||
Q1 2020 Plan [Member] | Maximum [Member] | |||||
Restructuring Charges, Total | 2,000 | ||||
June 2017 Plan [Member] | |||||
Restructuring and Related Cost, Incurred Cost | 1,600 | $ 700 | $ 1,900 | $ 23,300 | |
June 2017 Plan [Member] | San Jose [Member] | |||||
Operating Lease, Impairment Loss | $ 1,100 |
Note 9 - Restructuring - Activi
Note 9 - Restructuring - Activity Related to Restructuring Plans (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Restructuring charges | $ 2,551 | $ 940 | $ 3,937 |
Employee Severance [Member] | |||
Accrued Restructuring | 251 | 246 | 160 |
Restructuring charges | 303 | 250 | 1,669 |
Costs paid or otherwise settled | (154) | (245) | (1,583) |
Accrued Restructuring | 400 | 251 | 246 |
Lease Termination and Fixed Assets [Member] | |||
Accrued Restructuring | 7,130 | 8,233 | 6,585 |
Restructuring charges | 1,608 | 690 | 1,896 |
Costs paid or otherwise settled | (2,846) | (1,793) | (248) |
Accrued Restructuring | 5,892 | 7,130 | 8,233 |
Software Contracts and Engineering Tools [Member] | |||
Accrued Restructuring | 0 | 664 | 865 |
Restructuring charges | 640 | 0 | 372 |
Costs paid or otherwise settled | 0 | (664) | (573) |
Accrued Restructuring | 640 | 0 | 664 |
Other Restructuring [Member] | |||
Accrued Restructuring | 7,381 | 9,143 | 7,610 |
Restructuring charges | 2,551 | 940 | 3,937 |
Costs paid or otherwise settled | (3,000) | (2,702) | (2,404) |
Accrued Restructuring | $ 6,932 | $ 7,381 | $ 9,143 |
Note 10 - Leases (Details Textu
Note 10 - Leases (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 3 years 6 months | ||
Operating Lease, Weighted Average Discount Rate, Percent | 5.40% | ||
Operating Lease, Cost | $ 7.6 | $ 7.9 | $ 7.6 |
Operating Lease Liability for Previously Restructured Facilities | $ 5.9 | ||
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) | 6 years | ||
Lessee, Operating Lease, Option to Terminate Period (Year) | 1 year |
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 | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Balance | $ 23,818 | ||
Right-of-use assets obtained for new lease contracts during the period | 2,134 | ||
Amortization of right-of-use assets during the period | (6,512) | $ (6,587) | $ (5,960) |
Impairment of right-of use asset during the period (recorded in Restructuring charges) | (1,149) | 0 | 0 |
Adjustments for present value and foreign currency effects | (701) | ||
Balance | 17,590 | 23,818 | |
Balance | 24,944 | ||
Lease liabilities incurred for new lease contracts during the period | 2,134 | ||
Accretion of lease liabilities | 1,087 | ||
Operating cash used by payments on lease liabilities | (7,419) | (7,639) | $ (7,713) |
Adjustments for present value and foreign currency effects | (674) | ||
Balance | 20,072 | 24,944 | |
Long-term operating lease liabilities, net of current portion | 13,618 | $ 19,248 | |
Accounts Payable and Accrued Liabilities [Member] | |||
Less: Current portion of operating lease liabilities (included in Accrued liabilities) | $ (6,454) |
Note 10 - Leases - Maturities o
Note 10 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
2023 | $ 7,536 | |
2024 | 6,042 | |
2025 | 4,140 | |
2026 | 2,522 | |
2027 | 1,110 | |
Thereafter | 934 | |
Total lease payments | 22,284 | |
Less: amount representing interest | (2,212) | |
Total lease liabilities | $ 20,072 | $ 24,944 |
Note 11 - Stock-Based Compens_3
Note 11 - Stock-Based Compensation Plans (Details Textual) $ / shares in Units, $ in Thousands, shares in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
May 31, 2012 shares | May 31, 2012 shares | Apr. 03, 2021 | Jun. 27, 2020 | Mar. 28, 2020 USD ($) | Dec. 31, 2022 USD ($) $ / shares shares | Jan. 01, 2022 USD ($) $ / shares | Jan. 02, 2021 USD ($) $ / 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 | $ 15,250,000 | $ 13,040,000 | $ 6,620,000 | |||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 0 | |||||||
Share-Based Payment Arrangement, Expense | 55,530 | $ 46,475 | $ 40,372 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value | 24,300 | 44,700 | 21,500 | |||||
Awards with Market Condition or Performance Condition [Member] | ||||||||
Share-Based Payment Arrangement, Expense | 1,500 | 1,200 | 1,000 | |||||
Share-Based Payment Arrangement, Option [Member] | ||||||||
Share-Based Payment Arrangement, Expense | $ 0 | 1,000 | 2,000 | |||||
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 | $ 62.23 | |||||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 21,600 | |||||||
Share-Based Payment Arrangement, Expense | $ 1,800 | |||||||
Restricted Stock Units (RSUs) [Member] | Minimum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 250% | |||||||
Restricted Stock Units (RSUs) [Member] | Maximum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions | 200% | |||||||
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 | $ 81,600 | |||||||
Share-Based Payment Arrangement, Expense | $ 30,100 | 21,700 | 16,600 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Grants Tested Each Year | 50% | |||||||
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, Based on Market Conditions | 200% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 75% | |||||||
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% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 55% | |||||||
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% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 0% | |||||||
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% | |||||||
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% | |||||||
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% | |||||||
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% | 200% | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 250% | |||||||
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% | |||||||
Restricted Stock Units (RSUs) [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 Of Market Condition Achieved | 250% | |||||||
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% | |||||||
Performance Shares [Member] | Share-Based Payment Arrangement, Tranche Five [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 40% | |||||||
Performance Shares [Member] | Share-Based Payment Arrangement, Tranche Six [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 70% | |||||||
Performance Shares [Member] | Executive Officer [Member] | ||||||||
Share-Based Payment Arrangement, Expense | $ 24,000 | $ 22,100 | $ 20,800 | |||||
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% | |||||||
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% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved | 75% | |||||||
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 | 200% | |||||||
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% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85% | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | shares | 1 | |||||||
The 2013 Incentive Plan [Member] | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | shares | 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 | 2.5 |
Note 11 - Stock-based Compens_4
Note 11 - Stock-based Compensation - Stock-based Compensation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Total stock-based compensation | $ 55,530 | $ 46,475 | $ 40,372 |
Cost of Sales [Member] | |||
Total stock-based compensation | 3,674 | 3,049 | 3,179 |
Research and Development Expense [Member] | |||
Total stock-based compensation | 19,645 | 14,563 | 10,124 |
Selling, General and Administrative Expenses [Member] | |||
Total stock-based compensation | $ 32,211 | $ 28,863 | $ 27,069 |
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 | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Weighted average expected volatility | 60.30% | 39.90% | 48.20% |
Weighted average risk-free interest rate | 3.74% | 0.07% | 0.89% |
Expected term (in months) (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 |
Dec. 31, 2022 USD ($) $ / shares shares | |
Balance (in shares) | shares | 1,367 |
Balance (in dollars per share) | $ / shares | $ 6.62 |
Granted (in shares) | shares | 0 |
Granted (in dollars per share) | $ / shares | $ 0 |
Exercised (in shares) | shares | (448) |
Exercised (in dollars per share) | $ / shares | $ 6.48 |
Forfeited or expired (in shares) | shares | (1) |
Forfeited or expired (in dollars per share) | $ / shares | $ 5.01 |
Balance (in shares) | shares | 918 |
Balance (in dollars per share) | $ / shares | $ 6.70 |
Vested and expected to vest (in shares) | shares | 918 |
Vested and expected to vest (in dollars per share) | $ / shares | $ 6.70 |
Vested and expected to vest (Year) | 1 year 11 months 4 days |
Vested and expected to vest | $ | $ 53,433 |
Exercisable (in shares) | shares | 918 |
Exercisable (in dollars per share) | $ / shares | $ 6.70 |
Exercisable (Year) | 1 year 11 months 4 days |
Exercisable, December 31, 2022 | $ | $ 53,433 |
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 | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
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) | $ 15,250,000 | $ 13,040,000 | $ 6,620,000 |
Restricted Stock Units (RSUs) [Member] | |||
Balance (in shares) | 2,188 | ||
Balance (in dollars per share) | $ 31.85 | ||
Granted (in shares) | 843 | ||
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) | $ 62.23 | ||
Vested (in shares) | (1,132) | ||
Vested (in dollars per share) | $ 24.34 | ||
Forfeited or expired (in shares) | (78) | ||
Forfeited or expired (in dollars per share) | $ 41.21 | ||
Balance (in shares) | 1,821 | 2,188 | |
Balance (in dollars per share) | $ 50.18 | $ 31.85 |
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 | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Weighted average expected volatility | 51.44% | ||
Weighted average risk-free interest rate | 1.67% | ||
Expected term (in months) (Year) | 3 years | 3 years | |
Minimum [Member] | |||
Weighted average expected volatility | 50.37% | 42.38% | |
Weighted average risk-free interest rate | 0.22% | 1.40% | |
Expected term (in months) (Year) | 3 years | ||
Maximum [Member] | |||
Weighted average expected volatility | 52.11% | ||
Weighted average risk-free interest rate | 0.77% | ||
Expected term (in months) (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 |
Dec. 31, 2022 $ / shares shares | |
Balance, Shares (in shares) | shares | 1,246 |
Balance, Weighted average grant date fair value (in dollars per share) | $ / shares | $ 41,230 |
Granted, Shares (in shares) | shares | 183 |
Granted, Weighted average grant date fair value (in dollars per share) | $ / shares | $ 96,630 |
Effect of vesting multiplier, Shares (in shares) | shares | 642 |
Effect of vesting multiplier (in dollars per share) | $ / shares | |
Vested, Shares (in shares) | shares | (1,086) |
Vested, Weighted average grant date fair value (in dollars per share) | $ / shares | $ 20,380 |
Balance, Shares (in shares) | shares | 985 |
Balance, Weighted average grant date fair value (in dollars per share) | $ / shares | $ 60,150 |
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 | |||
Dec. 31, 2022 | Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | Aug. 08, 2022 | |
Stock Repurchased and Retired During Period, Value | $ 110,131 | $ 70,124 | $ 14,989 | ||
Repurchase Program 2023 [Member] | |||||
Stock Repurchase Program, Authorized Amount | $ 150,000 | ||||
Stock Repurchased and Retired During Period, Shares (in shares) | 288,652 | 1,951,934 | |||
Stock Repurchased and Retired During Period, Value | $ 20,000 | $ 110,100 | |||
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) | $ 69.27 | $ 56.42 | |||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 129,700 | $ 129,700 |
Note 13 - Income Taxes (Details
Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | Dec. 28, 2019 |
Deferred Tax Assets, Valuation Allowance, Total | $ 140,533 | $ 200,438 | ||
Undistributed Earnings of Foreign Subsidiaries | 3,000 | |||
Unrecognized Tax Benefits, Ending Balance | 58,889 | 56,231 | $ 55,737 | $ 56,962 |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 56,300 | 54,000 | ||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 10,600 | 9,600 | ||
Liability for Uncertainty in Income Taxes, Current | 47,900 | $ 44,200 | ||
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit | 1,000 | |||
Significant Change in Unrecognized Tax Benefits Is Reasonably Possible, Amount of Associated Income, Tax Penalties and Interest Accrued | 200 | |||
Other Noncurrent Liabilities [Member] | ||||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 21,600 | |||
Domestic Tax Authority [Member] | ||||
Operating Loss Carryforwards | 16,300 | |||
Tax Credit Carryforward, Amount | 59,100 | |||
State and Local Jurisdiction [Member] | ||||
Operating Loss Carryforwards | 142,000 | |||
Tax Credit Carryforward, Amount | 75,000 | |||
Foreign Tax Authority [Member] | ||||
Deferred Tax Assets, Valuation Allowance, Total | $ 0 |
Note 13 - Income Taxes - Income
Note 13 - Income Taxes - Income Before Income Tax Domestic and Foreign (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Domestic | $ 30,362 | $ 24,003 | $ 11,772 |
Foreign | 151,750 | 73,623 | 36,684 |
Income before income taxes | $ 182,112 | $ 97,626 | $ 48,456 |
Note 13 - Income Taxes - Compon
Note 13 - Income Taxes - Components of Income Tax Expense Benefit (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Federal | $ 748 | $ 445 | $ 54 |
State | 265 | 45 | 68 |
Foreign | 3,637 | 1,538 | 1,025 |
Current Income Tax Expense (Benefit), Total | 4,650 | 2,028 | 1,147 |
Federal | 0 | 0 | 0 |
State | 0 | 0 | 0 |
Foreign | (1,420) | (324) | (83) |
Deferred Income Tax Expense (Benefit), Total | (1,420) | (324) | (83) |
Income tax expense | $ 3,230 | $ 1,704 | $ 1,064 |
Note 13 - Income Taxes - Effect
Note 13 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Statutory federal rate | 21% | 21% | 21% |
State taxes, net | (2.00%) | (4.00%) | (4.00%) |
Federal tax credits | (1.00%) | (3.00%) | (3.00%) |
Excess tax benefit from stock compensation | (8.00%) | (10.00%) | |
Foreign rate differential | (16.00%) | (14.00%) | (12.00%) |
U.S. tax on foreign operations | 33% | 3% | 15% |
Foreign withholding taxes | 1% | 1% | 3% |
Capital loss expiration | 1% | 3% | |
Other deferred tax asset adjustment | 3% | ||
Valuation allowance | (33.00%) | 8% | (13.00%) |
Change in uncertain tax benefit accrual | (2.00%) | (5.00%) | 2% |
Effective income tax rate | 2% | 2% | 2% |
Note 13 - Income Taxes - Deferr
Note 13 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022 |
Intangible assets | $ 6,264 | $ 8,236 |
Net operating loss carry forwards | 15,362 | 88,254 |
Tax credit carry forwards | 103,092 | 93,095 |
Accrued liabilities and reserves | 12,932 | 6,590 |
Stock-based and deferred compensation | 3,769 | 4,477 |
Other | 5,031 | 6,615 |
Total deferred tax assets | 146,450 | 207,267 |
Less: valuation allowance | (140,533) | (200,438) |
Net deferred tax assets | 5,917 | 6,829 |
Fixed assets | 2,058 | 2,379 |
Unremitted earnings | 2,498 | 2,128 |
Other | 8,134 | 9,969 |
Total deferred tax liabilities | 12,690 | 14,476 |
Net deferred taxes | (6,773) | (7,647) |
Deferred tax assets (included in Other long-term assets) | 5,917 | 6,829 |
Deferred tax liabilities (included in Other long-term liabilities) | (12,690) | (14,476) |
Net deferred taxes | (6,773) | (7,647) |
Other Noncurrent Assets [Member] | ||
Net deferred tax assets | 1,022 | 953 |
Deferred tax assets (included in Other long-term assets) | 1,022 | 953 |
Other Noncurrent Liabilities [Member] | ||
Total deferred tax liabilities | 7,795 | 8,600 |
Deferred tax liabilities (included in Other long-term liabilities) | $ (7,795) | $ (8,600) |
Note 13 - Income Taxes - Valuat
Note 13 - Income Taxes - Valuation Allowance (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Balance | $ 200,438 | $ 192,478 | $ 198,499 |
Charged (Credit) to costs and expenses | (59,905) | 7,960 | (6,021) |
Charged (credit) to other accounts | 0 | 0 | 0 |
Balance | $ 140,533 | $ 200,438 | $ 192,478 |
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 | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Balance | $ 56,231 | $ 55,737 | $ 56,962 |
Additions based on tax positions related to the current year | 1,594 | 1,156 | 548 |
Additions based on tax positions of prior years | 2,798 | 1,130 | 628 |
Reduction for tax positions of prior years | 0 | ||
Reduction as a result of lapse of applicable statute of limitations | (1,586) | (2,718) | (2,401) |
Additions due to acquisition | 977 | ||
Settlements | (148) | (51) | |
Balance | $ 58,889 | $ 56,231 | $ 55,737 |
Note 14 - Employee Benefit Pl_2
Note 14 - Employee Benefit Plans (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021 | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 2.8 | $ 2.6 | $ 2.4 |
Labor And Related Expense, Incentive Compensation | $ 25.2 | $ 18 | $ 7.9 |
Note 15 - Contingencies (Detail
Note 15 - Contingencies (Details Textual) - Action in Oregon in Connection with Sale of Certain Products [Member] $ in Millions | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Minimum [Member] | |
Loss Contingency, Damages Sought, Value | $ 155 |
Maximum [Member] | |
Loss Contingency, Damages Sought, Value | $ 268 |