iRobot (IRBT) 10-Q10 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jul. 02, 2022	Jul. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Jul. 02, 2022
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0001159167
Entity File Number	001-36414
Entity Registrant Name	iROBOT CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0259335
Amendment Flag	false
Entity Address, Address Line One	8 Crosby Drive
Entity Address, City or Town	Bedford
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01730
City Area Code	781
Local Phone Number	430-3000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	IRBT
Security Exchange Name	NASDAQ
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		27,229,605

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 63,409	$ 201,457
Short-term investments	0	33,044
Accounts receivable, net	87,766	160,642
Inventory	397,012	333,296
Other current assets	111,654	61,094
Total current assets	659,841	789,533
Property and equipment, net	69,294	78,887
Operating lease right-of-use assets	29,875	37,609
Deferred tax assets	62,698	37,945
Goodwill	164,869	173,292
Intangible Assets, Net	24,072	28,410
Other assets	59,312	38,753
Total assets	1,069,961	1,184,429
Current liabilities:
Accounts payable	192,388	251,298
Accrued expenses	91,084	132,618
Deferred revenue and customer advances	13,645	11,767
Short-term notes payable	35,000	0
Total current liabilities	332,117	395,683
Operating lease liabilities	35,066	43,462
Deferred tax liabilities	2,904	3,250
Other long-term liabilities	23,098	25,311
Total long-term liabilities	61,068	72,023
Total liabilities	393,185	467,706
Commitments and contingencies (Note 10)
Preferred stock, 5,000 shares authorized and none outstanding	0	0
Common stock, $0.01 par value, 100,000 shares authorized; 27,229 and 27,006 shares issued and outstanding, respectively	272	270
Additional paid-in capital	239,369	222,653
Retained earnings	411,883	485,710
Accumulated other comprehensive income	25,252	8,090
Total stockholders’ equity	676,776	716,723
Total liabilities and stockholders’ equity	$ 1,069,961	$ 1,184,429
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, shares outstanding	27,229,000	27,006,000
Common stock, shares issued	27,229,000	27,006,000
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value	$ 0.01	$ 0.01

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jul. 02, 2022	Jan. 01, 2022
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares outstanding	27,229,000	27,006,000
Common stock, shares issued	27,229,000	27,006,000

Consolidated Statements of Inco

Consolidated Statements of Income Statement - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Revenue	$ 255,351	$ 365,596	$ 547,320	$ 668,857
Cost of product revenue	173,531	226,395	357,164	406,487
Amortization of acquired intangible assets	875	225	1,696	450
Total cost of revenue	174,406	226,620	358,860	406,937
Gross profit	80,945	138,976	188,460	261,920
Research and development	41,937	38,677	84,466	80,597
Selling and marketing	76,017	76,677	137,082	127,668
General and administrative	26,380	26,459	53,078	49,899
Amortization of acquired intangible assets	525	205	1,035	409
Total operating expenses	144,859	142,018	275,661	258,573
Operating (loss) income	(63,914)	(3,042)	(87,201)	3,347
Other expense, net	(2,182)	(286)	(18,928)	(446)
(Loss) income before income taxes	(66,096)	(3,328)	(106,129)	2,901
Income tax benefit	(22,675)	(570)	(32,302)	(1,784)
Net (loss) income	$ (43,421)	$ (2,758)	$ (73,827)	$ 4,685
Basic	$ (1.60)	$ (0.10)	$ (2.72)	$ 0.17
Diluted	$ (1.60)	$ (0.10)	$ (2.72)	$ 0.16
Basic	27,161	28,100	27,106	28,178
Diluted	27,161	28,100	27,106	28,908

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Net (loss) income	$ (43,421)	$ (2,758)	$ (73,827)	$ 4,685
Other comprehensive income:
Net foreign currency translation adjustments	(7,360)	1,114	(11,375)	(4,769)
Net unrealized gains (losses) on cash flow hedges, net of tax	24,934	(36)	32,587	12,932
Net gains on cash flow hedge reclassified into earnings, net of tax	(2,816)	(932)	(4,050)	(542)
Net unrealized gains on marketable securities, net of tax	0	0	0	(4)
Total comprehensive (loss) income	$ (28,663)	$ (2,612)	$ (56,665)	$ 12,302

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity Statement - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Beginning Balance, Shares		28,184,000
Beginning balance	$ 804,434	$ 282	$ 205,256	$ 599,389	$ (493)
Issuance of common stock under employee stock plans (in shares)		121,000
Stock Issued During Period, Value, Stock Options Exercised	5,131	$ 1	5,130
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)		233,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	$ 2	(2)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	14,122		14,122
Shares Paid for Tax Withholding for Share Based Compensation (in shares)		(41,000)
Stock Withheld to Cover Tax Withholding Requirements Upon Vesting to Restricted Stock Units Amount	(4,799)	$ 0	(4,799)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	7,617		7,617
Adjustments to Additional Paid in Capital Directors Deferred Compensation	42		42
Net (loss) income	$ 4,685			4,685
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	100,000
Contract with Customer, Liability, Revenue Recognized	$ 8,900
Effective Income Tax Rate Reconciliation, Percent	(61.50%)
Stock repurchased and retired during period (in shares)	(447,000)
Value of stock repurchased	$ (50,000)	$ (4)	(3,374)	(46,622)
Beginning Balance, Shares		28,395,000
Beginning balance	$ 823,984	$ 284	209,890	606,832	6,978
Issuance of common stock under employee stock plans (in shares)	2,542,000	54,000
Stock Issued During Period, Value, Stock Options Exercised		$ 1	2,541
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)		48,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	$ 0	$ 0	0
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	7,340		7,340
Shares Paid for Tax Withholding for Share Based Compensation (in shares)		0
Stock Withheld to Cover Tax Withholding Requirements Upon Vesting to Restricted Stock Units Amount	(43)	$ 0	(43)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	146
Adjustments to Additional Paid in Capital Directors Deferred Compensation	21		21
Net (loss) income	$ (2,758)			(2,758)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	800,000
Contract with Customer, Liability, Revenue Recognized	$ 3,400
Effective Income Tax Rate Reconciliation, Percent	17.10%
Stock repurchased and retired during period (in shares)		(447,000)
Value of stock repurchased	$ (50,000)	$ (4)	(3,374)	(46,622)
Beginning Balance, Shares		28,050,000
Beginning balance	$ 781,232	$ 281	216,375	557,452	7,124
Beginning Balance, Shares	27,006,000	27,006,000
Beginning balance	$ 716,723	$ 270	222,653	485,710	8,090
Issuance of common stock under employee stock plans (in shares)		84,000
Stock Issued During Period, Value, Stock Options Exercised	3,088	$ 1	3,087
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)		166,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	$ 1	(1)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	15,231		15,231
Shares Paid for Tax Withholding for Share Based Compensation (in shares)		(27,000)
Stock Withheld to Cover Tax Withholding Requirements Upon Vesting to Restricted Stock Units Amount	(1,601)	$ 0	(1,601)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	17,162				17,162
Net (loss) income	$ (73,827)			(73,827)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,000,000
Contract with Customer, Liability, Revenue Recognized	$ 7,600
Effective Income Tax Rate Reconciliation, Percent	30.40%
Beginning Balance, Shares		27,116,000
Beginning balance	$ 695,202	$ 271	229,133	455,304	10,494
Issuance of common stock under employee stock plans (in shares)		61,000
Stock Issued During Period, Value, Stock Options Exercised	2,291	$ 1	2,290
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)		54,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	$ 0	0
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	8,023		8,023
Shares Paid for Tax Withholding for Share Based Compensation (in shares)		(2,000)
Stock Withheld to Cover Tax Withholding Requirements Upon Vesting to Restricted Stock Units Amount	(77)	$ 0	(77)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	14,758				14,758
Net (loss) income	$ (43,421)			(43,421)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,300,000
Contract with Customer, Liability, Revenue Recognized	$ 5,800
Effective Income Tax Rate Reconciliation, Percent	34.30%
Beginning Balance, Shares	27,229,000	27,229,000
Beginning balance	$ 676,776	$ 272	$ 239,369	$ 411,883	$ 25,252

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021
Cash flows from operating activities:
Net (loss) income	$ (73,827)	$ 4,685
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities, net of the effects of acquisition:
Depreciation and amortization	19,715	15,635
Gain (Loss) on Investments	(18,814)	0
Stock-based compensation	15,231	14,122
Deferred income taxes, net	(35,467)	210
Other	2,844	3,286
Changes in operating assets and liabilities — (use) source
Accounts receivable	70,372	94,477
Inventory	(70,400)	(94,918)
Other assets	(31,657)	(7,554)
Accounts payable	(58,520)	2,071
Accrued expenses and other liabilities	(43,617)	(30,215)
Net cash (used in) provided by operating activities	(186,512)	1,799
Cash flows from investing activities:
Additions of property and equipment	(4,894)	(21,924)
Purchase of investments	(3,090)	(9,606)
Sales and maturities of investments	17,383	63,644
Net cash provided by investing activities	9,399	32,114
Cash flows from financing activities:
Proceeds from employee stock plans	3,088	5,131
Income tax withholding payment associated with restricted stock vesting	(1,601)	(4,799)
Stock repurchases	0	(50,000)
Proceeds from borrowings	35,000	0
Net cash provided by (used in) financing activities	36,487	(49,668)
Effect of exchange rate changes on cash and cash equivalents	2,578	(1,039)
Net decrease in cash and cash equivalents	(138,048)	(16,794)
Cash and cash equivalents, at beginning of period	201,457	432,635
Cash and cash equivalents, at end of period	$ 63,409	$ 415,841

Description of Business

Description of Business	6 Months Ended
Description of Business	Jul. 02, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business iRobot Corporation ("iRobot" or the "Company") designs, builds and sells robots and home innovations that make life better. The Company's portfolio of home robots and smart home devices features proprietary technologies for the connected home and advanced concepts in cleaning, mapping and navigation, human-robot interaction and physical solutions. iRobot's durable and high-performing robots are designed using the close integration of software, electronics and hardware. The Company’s revenue is primarily generated from product sales through a variety of distribution channels, including chain stores and other national retailers, through the Company's own website and app, dedicated e-commerce websites, the online arms of traditional retailers and through value-added distributors and resellers worldwide. Merger Agreement On August 4, 2022, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") by and among the Company, Amazon.com, Inc., a Delaware corporation ("Parent" or "Amazon") and Martin Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. As a result of the Merger, each share of common stock of the Company, par value $0.01 per share ("Common Stock"), outstanding immediately prior to the effective time of the Merger (the "Effective Time") (subject to certain exceptions, including shares of Common Stock owned by the Company, Merger Sub, Parent or any of their respective direct or indirect wholly owned subsidiaries and shares of Common Stock owned by stockholders of the Company who have validly demanded and not withdrawn appraisal rights in accordance with Section 262 of the General Corporation Law of the State of Delaware) will, at the Effective Time, automatically be cancelled and converted into the right to receive $61.00 in cash, without interest and subject to applicable withholding taxes. If the Merger is consummated, the Company’s Common Stock will be delisted from the Nasdaq Stock Market LLC and deregistered under the Securities Exchange Act of 1934.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jul. 02, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Foreign Currency Translation The accompanying consolidated financial statements include those of iRobot and its subsidiaries, after elimination of all intercompany balances and transactions. iRobot has prepared the accompanying unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, all adjustments necessary to the unaudited interim consolidated financial statements have been made to state fairly the Company's financial position. Interim results are not necessarily indicative of results for the full fiscal year or any future periods. The information included in this Form 10-Q should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in its Annual Report on Form 10-K for the fiscal year ended January 1, 2022, filed with the Securities and Exchange Commission on February 15, 2022. The Company operates and reports using a 52-53 week fiscal year ending on the Saturday closest to December 31. Accordingly, the Company’s fiscal quarters end on the Saturday that falls closest to the last day of the third month of each quarter. Recently Issued Accounting Standards From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that recently issued standards, which are not yet effective, will not have a material impact on the Company’s consolidated financial statements upon adoption. Use of Estimates The preparation of these financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenue and expenses. These estimates and judgments, include but are not limited to, revenue recognition, including performance obligations, standalone selling price, variable consideration and other obligations such as sales incentives and product returns; allowance for credit losses; accounting for business combinations; impairment of goodwill and long-lived assets; valuation of non-marketable equity investments; product warranties; loss contingencies; accounting for stock-based compensation including performance-based assessments; and accounting for income taxes and related valuation allowances. The Company bases its estimates and assumptions on historical experience, market participant fair value considerations, projected future cash flows, current economic conditions, including impact from COVID-19 pandemic and the uncertainty imposed by the conflict between Russia and Ukraine, and various other factors that the Company believes are reasonable under the circumstances. Actual results and outcomes may differ from the Company’s estimates and assumptions. Short-Term Investments The Company's short term investments include marketable equity securities with readily determinable fair value and debt securities. The fair value of investments is determined based on quoted market prices at the reporting date for those instruments. The change in fair value of the Company's investments in marketable equity securities is recognized as unrealized gains and losses in other expense, net at the end of each reporting period. As of January 1, 2022, the Company had $33.0 million in short term investments made up of 1.6 million shares of Matterport, Inc. ("Matterport") from the Matterport merger in 2021 with shares received subject to time based contractual sales restrictions that expired in January 2022. During the first quarter of 2022, the Company sold these Matterport shares and received net proceeds of $16.2 million. In addition, during the first quarter of 2022, the Company received an additional 0.2 million shares of Matterport upon achievement of conditions set forth in the merger agreement. During the three months ended July 2, 2022, the Company sold the remaining Matterport shares and received net proceeds of $1.2 million. During the three and six months ended July 2, 2022, the Company recognized losses of $0.3 million and $17.1 million, respectively, in other expense, net related to the sales of these shares. As of July 2, 2022, the Company did not have any short term investments. Allowance for Credit Losses The Company maintains an allowance for credit losses for accounts receivable using an expected loss model that requires the use of forward-looking information to calculate credit loss estimate. The expected loss methodology is developed through consideration of factors including, but not limited to, historical collection experience, current customer credit ratings, customer concentrations, current and future economic and market conditions and age of the receivable. As of July 2, 2022 and January 1, 2022, the Company had an allowance for credit losses of $6.4 million and $4.6 million, respectively. Tariff Refunds On March 23, 2022, the Company was granted a temporary exclusion from Section 301 List 3 tariffs by the United States Trade Representative ("USTR"). This exclusion eliminates the 25% tariff on Roomba products imported from China beginning on October 12, 2021 and continuing until December 31, 2022. As of July 2, 2022, this tariff exclusion entitles the Company to a refund of approximately $32.0 million in tariffs paid. During the first quarter of 2022, the Company recognized $11.7 million of refunds as operating income (reduction to cost of product revenue) related to tariffs paid on Roomba robots imported after October 12, 2021 and sold during fiscal 2021. While tariff refund claims are subject to the approval of U.S. Customs, the Company currently expects to recover the entire balance of $32.0 million within the next twelve months. The refund receivable is recorded in other current assets on the consolidated balance sheet. Inventory Inventory primarily consists of finished goods and, to a lesser extent, components, which are purchased from contract manufacturers. Inventory is stated at the lower of cost or net realizable value with cost being determined using the standard cost method, which approximates actual costs determined on the first-in, first-out basis. Inventory costs primarily consist of materials, inbound freight, import duties, tariffs, and other handling fees. The Company writes down its inventory for estimated obsolescence or excess inventory based upon assumptions around market conditions and estimates of future demand. Net realizable value is the estimated selling price less estimated costs of completion, disposal and transportation. Adjustments to reduce inventory to net realizable value are recognized in cost of revenue and have not been significant for the periods presented. Strategic Investments The Company holds non-marketable equity securities as part of its strategic investments portfolio. The Company classifies the majority of these securities as equity securities without readily determinable fair values and measures these investments at cost, less any impairment, adjusted for observable price changes in orderly transactions for identical or similar investments of the same issuer. These investments are valued using significant unobservable inputs or data in an inactive market and the valuation requires the Company's judgment due to the absence of market prices and inherent lack of liquidity. The Company monitors non-marketable equity investments for impairment indicators, such as deterioration in the investee's financial condition and business forecasts and lower valuations in recent or proposed financings. The estimated fair value is based on quantitative and qualitative factors including, but not limited to, subsequent financing activities by the investee and projected discounted cash flows. Changes in fair value of non-marketable equity investments are recorded in other expense, net on the consolidated statement of operations. At July 2, 2022 and January 1, 2022, the Company's equity securities without readily determinable fair values totaled $16.2 million and $16.3 million, respectively, and are included in other assets on the consolidated balance sheets. Net (Loss) Income Per Share Basic income per share is calculated using the Company's weighted-average outstanding shares of common stock. Diluted income per share is calculated using the Company's weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. The following table presents the calculation of both basic and diluted net (loss) income per share (in thousands, except per share amounts): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Net (loss) income $ (43,421) $ (2,758) $ (73,827) $ 4,685 Basic weighted-average common shares outstanding 27,161 28,100 27,106 28,178 Dilutive effect of employee stock awards — — — 730 Diluted weighted-average common shares outstanding 27,161 28,100 27,106 28,908 Net (loss) income per share - Basic $ (1.60) $ (0.10) $ (2.72) $ 0.17 Net (loss) income per share - Diluted $ (1.60) $ (0.10) $ (2.72) $ 0.16

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Jul. 02, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	Revenue Recognition The Company primarily derives its revenue from the sale of consumer robots and accessories. The Company sells products directly to consumers through online stores and indirectly through resellers and distributors. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. Revenue is allocated to distinct performance obligations and is recognized net of allowances for returns and other credits and incentives. Revenue is recognized only to the extent that it is probable that a significant reversal of revenue will not occur and when collection is considered probable. Taxes collected from customers, which are subsequently remitted to governmental authorities, are excluded from revenue. Shipping and handling expenses are considered fulfillment activities and are expensed as incurred. Frequently, the Company’s contracts with customers contain multiple promised goods or services. Such contracts may include any of the following, the consumer robot, downloadable app, cloud services, accessories on demand, potential future unspecified software upgrades, premium customer care and extended warranties. For these contracts, the Company accounts for the promises separately as individual performance obligations if they are distinct. Performance obligations are considered distinct if they are both capable of being distinct and distinct within the context of the contract. In determining whether performance obligations meet the criteria for being distinct, the Company considers a number of factors, such as the degree of interrelation and interdependence between obligations, and whether or not the good or service significantly modifies or transforms another good or service in the contract. The Company’s consumer robots are highly dependent on, and interrelated with, the embedded software and cannot function without the software. As such, the consumer robots are accounted for as a single performance obligation. The Company has determined that the app, cloud services and potential future unspecified software upgrades represent one performance obligation to the customer to enhance the functionality and interaction with the robot (referred to collectively as "Cloud Services"). Other services and support are considered distinct and therefore are treated as separate performance obligations. The Company allocates revenue to all distinct performance obligations based on their relative stand-alone selling prices ("SSPs"). When available, the Company uses observable prices to determine SSPs. When observable prices are not available, SSPs are established that reflect the Company’s best estimates of what the selling prices of the performance obligations would be if they were sold regularly on a stand-alone basis. The Company’s process for estimating SSPs without observable prices considers multiple factors that may vary depending upon the facts and circumstances related to each performance obligation including, market data or the estimated cost of providing the products or services. The transaction price allocated to the robot is recognized as revenue at a point in time when control is transferred, generally as title and risk of loss pass, and when collection is considered probable. The transaction price allocated to the Cloud Services is deferred and recognized on a straight-line basis over the estimated term of the Cloud Services. Other services and support are recognized over their service periods. For contracts with a duration of greater than one year, the transaction price allocated to performance obligations that are unsatisfied as of July 2, 2022 and January 1, 2022 was $21.3 million and $20.9 million, respectively. The Company’s products generally carry a one-year or two-year limited warranty that promises customers that delivered products are as specified. The Company does not consider these assurance-type warranties as a separate performance obligation and therefore, the Company accounts for such warranties under ASC 460, "Guarantees." For contracts with the right to upgrade to a new product after a specified period of time, the Company accounts for this trade-in right as a guarantee obligation under ASC 460. The total transaction price is reduced by the full amount of the trade-in right's fair value and the remaining transaction price is allocated between the performance obligations within the contract. The Company provides limited rights of returns for direct-to-consumer sales generated through its online stores and certain resellers and distributors. The Company records an allowance for product returns based on specific terms and conditions included in the customer agreements or based on historical experience and the Company's expectation of future returns. In addition, the Company may provide other credits or incentives which are accounted for as variable consideration when estimating the amount of revenue to recognize. Where appropriate, these estimates take into consideration relevant factors such as the Company’s historical experience, current contractual requirements, specific known market events and forecasted inventory level in the channels. Overall, these reserves reflect the Company’s best estimates, and the actual amounts of consideration ultimately received may differ from the Company’s estimates. Returns and credits are estimated at the time of sale and updated at the end of each reporting period as additional information becomes available. As of July 2, 2022, the Company had reserves for product returns of $42.8 million and other credits and incentives of $64.3 million. As of January 1, 2022, the Company had reserves for product returns of $56.8 million and other credits and incentives of $101.6 million. The Company regularly evaluates the adequacy of its estimates for product returns and other credits and incentives. Future market conditions and product transitions may require the Company to take action to change such programs and related estimates. When the variables used to estimate these reserves change, or if actual results differ significantly from the estimates, the Company increases or reduces revenue to reflect the impact. During the three and six months ended July 2, 2022 and July 3, 2021, changes to these estimates related to performance obligations satisfied in prior periods were not material. Disaggregation of Revenue The following table provides information about disaggregated revenue by geographical region (in thousands): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 United States $ 139,377 $ 196,824 $ 292,551 $ 311,596 EMEA 55,922 91,559 121,583 207,790 Japan 38,929 47,254 89,450 87,829 Other 21,123 29,959 43,736 61,642 Total revenue $ 255,351 $ 365,596 $ 547,320 $ 668,857 Contract Balances The following table provides information about receivables and contract liabilities from contracts with customers (in thousands): July 2, 2022 January 1, 2022 Accounts receivable, net $ 81,318 $ 155,659 Unbilled receivables 8,799 8,747 Contract liabilities 24,062 22,996 The Company invoices customers based upon contractual billing schedules, and accounts receivable are recorded when the right to consideration becomes unconditional. Unbilled receivables represent revenue and trade-in liability recognized in excess of billings. Contract liabilities include deferred revenue associated with the Cloud Services and extended warranty plans as well as prepayments received from customers in advance of product shipments. During the three months ended July 2, 2022 and July 3, 2021, the Company recognized $5.8 million and $3.4 million, respectively, of the contract liability balance as revenue upon transfer of the products or services to customers. During the six months ended July 2, 2022 and July 3, 2021, the Company recognized $7.6 million and $8.9 million, respectively, of the contract liability balance as revenue upon transfer of the product or services to customers.

Leases

Leases	6 Months Ended
Leases	Jul. 02, 2022
Leases [Abstract]
Leases	LeasesThe Company's leasing arrangements primarily consist of operating leases for its facilities which include corporate, sales and marketing and research and development offices and equipment under various non-cancelable lease arrangements. The operating leases expire at various dates through 2030. The components of lease expense were as follows (in thousands): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Operating lease cost $ 2,163 $ 2,147 $ 3,014 $ 4,134 Variable lease cost 1,010 1,033 1,928 1,928 Total lease cost $ 3,173 $ 3,180 $ 4,942 $ 6,062 Supplemental cash flow information related to leases was as follows (in thousands): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,995 $ 2,100 $ 4,034 $ 4,379 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ — $ — $ — At July 2, 2022, the Company's weighted average discount rate wa s 4.01% , while the weighted average remaining lease term w as 7.16 years. Maturities of operating lease liabilities were as follows as of July 2, 2022 (in thousands): Remainder of 2022 $ 3,582 2023 7,315 2024 6,034 2025 5,781 2026 5,806 Thereafter 18,930 Total minimum lease payments $ 47,448 Less: imputed interest 6,291 Present value of future minimum lease payments $ 41,157 Less: current portion of operating lease liabilities (Note 6) $ 6,091 Long-term lease liabilities $ 35,066

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
Goodwill and Other Intangible Assets	Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The following table summarizes the activity in the carrying amount of goodwill and intangible assets for the six months ended July 2, 2022 (in thousands): Goodwill Intangible assets Balance as of January 1, 2022 $ 173,292 $ 28,410 Purchase accounting adjustments (583) — Amortization — (2,731) Effect of foreign currency translation (7,840) (1,607) Balance as of July 2, 2022 $ 164,869 $ 24,072

Accrued Expenses

Accrued Expenses	6 Months Ended
Accrued Expenses	Jul. 02, 2022
Accrued Liabilities, Current [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following at (in thousands): July 2, 2022 January 1, 2022 Accrued warranty $ 26,814 $ 32,019 Accrued compensation and benefits 20,713 19,029 Current portion of operating lease liabilities 6,091 6,220 Accrued manufacturing and logistics cost 6,083 23,038 Derivative liability 5,593 2,600 Accrued sales and other indirect taxes payable 3,830 9,599 Accrued bonus 3,493 11,375 Accrued income taxes 1,665 1,788 Accrued other 16,802 26,950 $ 91,084 $ 132,618

Working Capital Facility

Working Capital Facility	6 Months Ended
Working Capital Facility	Jul. 02, 2022
Debt Disclosure [Abstract]
Working Capital Facility	Working Capital Facility Credit Facility The Company has a $150.0 million unsecured revolving line of credit which expires in June 2023. On May 4, 2022, the Company entered into a Second Amendment to the Amended and Restated Credit Agreement (the "Credit Agreement") with Bank of America N.A. (the "Amendment") with an effective date of March 31, 2022. The Amendment waives the quarterly tested leverage and interest coverage covenants in the Credit Agreement for the first, second and third quarters of 2022. The interest coverage ratio calculation for the fourth quarter of 2022 was changed to a trailing nine months. Additionally, a new liquidity covenant was added for all of fiscal 2022. The Amendment also increases the borrowing rate under the facility for 2022 to LIBOR plus 1.5%. During the three months ended July 2, 2022, the Company had borrowings of $35.0 million under the revolving credit facility, with $115.0 million available for borrowing at July 2, 2022. As of July 2, 2022, the Company was in compliance with the covenants under the Credit Agreement.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
Derivative Instruments and Hedging Activities	Jul. 02, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company enters into derivative instruments that are designated as cash flow hedges to reduce its exposure to foreign currency exchange risk in sales. These contracts typically have maturities o f three years or less. At July 2, 2022 and January 1, 2022, the Company had outstanding cash flow hedges with a total notional value of $509.2 million and $423.3 million, respectively. The Company also enters into economic hedges that are not designated as hedges from an accounting standpoint to reduce foreign currency exchange risk related to short term trade receivables and payables. These contracts typically have maturities of twelve months or less. At July 2, 2022 and January 1, 2022, the Company had outstanding foreign currency economic hedges with a total notional value of $305.2 million and $325.4 million, respectively. The fair values of derivative instruments were as follows (in thousands): Fair Value Classification July 2, 2022 January 1, 2022 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 15,306 $ 8,362 Foreign currency forward contracts Other assets 847 1,627 Foreign currency forward contracts Accrued expenses 5,593 2,377 Derivatives designated as cash flow hedges: Foreign currency forward contracts Other current assets $ 18,211 $ 4,110 Foreign currency forward contracts Other assets 30,477 9,610 Foreign currency forward contracts Accrued expenses — 223 Foreign currency forward contracts Long-term liabilities — 407 Gain (loss) associated with derivative instruments not designated as hedging instruments were as follows (in thousands): Three Months Ended Six Months Ended Classification July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Gain (loss) recognized in income Other expense, net $ 4,168 $ 391 $ 6,232 $ (9,623) The following tables reflect the effect of derivatives designated as cash flow hedging (in thousands): Gain (loss) recognized in OCI on Derivative (1) Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Foreign currency forward contracts $ 33,204 $ (47) $ 43,461 $ 17,107 (1) The amount represents the change in fair value of derivative contracts due to changes in spot rates. Gain recognized in earnings on cash flow hedging instruments Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Revenue Revenue Consolidated statements of operations in which the effects of cash flow hedging instruments are recorded $ 255,351 $ 365,596 $ 547,320 $ 668,857 Gain on cash flow hedging relationships: Foreign currency forward contracts: Amount of gain reclassified from AOCI into earnings $ 3,742 $ 1,231 $ 5,381 $ 717

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jul. 02, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands): Fair Value Measurements as of Level 1 Level 2 (1) Level 3 Assets: Money market funds $ 2,113 $ — $ — Derivative instruments (Note 8) — 64,841 — Total assets measured at fair value $ 2,113 $ 64,841 $ — Liabilities: Derivative instruments (Note 8) $ — $ 5,593 $ — Total liabilities measured at fair value $ — $ 5,593 $ — Fair Value Measurements as of Level 1 Level 2 (1) Level 3 Assets: Money market funds $ 33,003 $ — $ — Marketable equity securities, $23,286 at cost 33,044 — — Derivative instruments (Note 8) — 23,709 — Total assets measured at fair value $ 66,047 $ 23,709 $ — Liabilities: Derivative instruments (Note 8) $ — $ 3,007 $ — Total liabilities measured at fair value $ — $ 3,007 $ — (1) Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings From time to time and in the ordinary course of business, the Company is subject to various claims, charges and litigation. The outcome of litigation cannot be predicted with certainty and some lawsuits, claims or proceedings may be disposed of unfavorably to us, which could materially affect our financial condition or results of operations. Guarantees and Indemnification Obligations The Company enters into standard indemnification agreements in the ordinary course of business. Pursuant to these agreements, the Company indemnifies and agrees to reimburse the indemnified party for losses incurred by the indemnified party, generally the Company’s customers, in connection with any patent, copyright, trade secret or other proprietary right infringement claim by any third party. The term of these indemnification agreements is generally perpetual any time after execution of the agreement. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited. The Company has never incurred costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the estimated fair value of these agreements is minimal. Accordingly, the Company had no liabilities recorded for these agreements as of July 2, 2022 and January 1, 2022, respectively. Warranty The Company provides warranties on most products and has established a reserve for warranty obligations based on estimated warranty costs. The reserve is included as part of accrued expenses (Note 6) in the accompanying consolidated balance sheets. Activity related to the warranty accrual was as follows (in thousands): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Balance at beginning of period $ 30,239 $ 23,904 $ 32,019 $ 24,392 Provision 4,000 10,236 10,036 20,421 Warranty usage (7,425) (9,422) (15,241) (20,095) Balance at end of period $ 26,814 $ 24,718 $ 26,814 $ 24,718

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
Income Taxes (Notes)	Jul. 02, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Ordinarily, the Company’s interim provision for income taxes is determined using an estimate of the annual effective tax rate. The Company records any changes affecting the estimated annual effective tax rate in the interim period in which the change occurs, including discrete tax items. For the first quarter of 2022, the Company concluded that the estimated annual effective tax rate method would not provide a reliable estimate of the Company’s overall annual effective tax rate in light of the wide range of potential impacts on its business and results of operations from the ongoing global COVID-19 pandemic and evolving macroeconomic conditions and geopolitical events around the world, including heightened inflation, rising energy costs, slowing growth, reduced consumer confidence and the Russia-Ukraine war. Accordingly, the Company computed its interim provision for income taxes for the three months ended April 2, 2022 using the actual effective tax rate for the period. For the three months ended July 2, 2022, the Company determined that the ongoing external factors cited above had a less distortive impact on its estimated annual effective tax rate. Accordingly, the Company calculated its interim provision for income taxes for the six-month period ended July 2, 2022 using an estimate of the annual effective tax rate. The Company’s provision for income taxes for the three-month period ended July 2, 2022 reflects the change from using the actual effective rate in the first quarter of 2022 to using the estimated annual effective tax rate in the first half of 2022. The Company recorded an income tax benefit of $22.7 million and $0.6 million for the three months ended July 2, 2022 and July 3, 2021, respectively. The $22.7 million income tax benefit for the three months ended July 2, 2022 resulted in an effective income tax rate of 34.3%. The $0.6 million income tax benefit for the three months ended July 3, 2021 resulted in an effective tax rate of 17.1%. The increase in the effective income tax rate was primarily driven by the change in the expected mix of geographic earnings and tax attributes during the three months ended July 2, 2022 as well as discrete tax expense recognized in the three months ended July 3, 2021. The Company's 34.3% effective rate of income tax for the three months ended July 2, 2022 was higher than the federal statutory tax rate of 21% primarily because of the recognition of R&D credits and the benefit associated with Foreign-Derived Intangible Income. The Company recorded an income tax benefit of $32.3 million and $1.8 million for the six months ended July 2, 2022 and July 3, 2021, respectively. The $32.3 million income tax benefit for the six months ended July 2, 2022 resulted in an effective tax rate of 30.4%. The $1.8 million income tax benefit for the six months ended July 3, 2021 resulted in an effective tax rate of (61.5)%. The change in the effective income tax rate was primarily due to the recognition of discrete tax benefits related to stock-based compensation during the six months ended July 3, 2021 compared to discrete tax expense during the current year. The Company's effective income tax rate of 30.4% for the six months ended July 2, 2022 differed from the federal statutory tax rate of 21% primarily due to the recognition of R&D credits and the benefit associated with Foreign-Derived Intangible Income.

Industry Segment, Geographic In

Industry Segment, Geographic Information and Significant Customers	6 Months Ended
	Jul. 02, 2022
Segment Reporting [Abstract]
Industry Segment, Geographic Information and Significant Customers	Industry Segment, Geographic Information and Significant Customers The Company operates as one operating segment. The Company's consumer robots are offered to consumers through a variety of distribution channels, including chain stores and other national retailers, through the Company's own website and app, dedicated e-commerce websites, the online arms of traditional retailers, and through value-added distributors and resellers worldwide. Significant Customers For the three months ended July 2, 2022 and July 3, 2021, the Company generated 27.1% and 32.5%, respectively, of total revenue from one of its retailers. For the six months ended July 2, 2022 and July 3, 2021, the Company generated 26.8% and 25.5%, respectively, of total revenue from one of its retailers.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jul. 02, 2022
Equity [Abstract]
Stock-Based Compensation	Stock-Based Compensation Employee Stock Purchase Plan In May 2017, the Company’s stockholders approved the 2017 Employee Stock Purchase Plan ("ESPP"). Eligible employees may purchase the Company’s common stock through payroll deductions at a price equal to 85% of the lower of the fair market values of the stock as of the beginning or the end of six-month offering periods beginning November 15 and May 15 of each year. An employee’s payroll deductions under the ESPP are limited to 15% of the employee’s compensation, up to $4,000 each period, for the purchase of common stock not to exceed 1,000 shares per offering period. As of July 2, 2022, there were 452,345 shares reserved for future issuance under the ESPP. The current offering period under the ESPP is scheduled to close on November 15, 2022 unless the closing of the Merger occurs sooner (the "Final Offering"), and under the terms of the Merger Agreement, no additional offering period may be commenced. Each participant’s contributions under the ESPP shall be used to purchase shares of the Company’s common stock in accordance with the terms of the ESPP at the end of the Final Offering, and the Company will terminate the ESPP immediately prior to, but contingent upon the occurrence of, the closing of the Merger.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jul. 02, 2022
Accounting Policies [Abstract]
Basis of Presentation and Foreign Currency Translation	Basis of Presentation and Foreign Currency Translation The accompanying consolidated financial statements include those of iRobot and its subsidiaries, after elimination of all intercompany balances and transactions. iRobot has prepared the accompanying unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, all adjustments necessary to the unaudited interim consolidated financial statements have been made to state fairly the Company's financial position. Interim results are not necessarily indicative of results for the full fiscal year or any future periods. The information included in this Form 10-Q should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in its Annual Report on Form 10-K for the fiscal year ended January 1, 2022, filed with the Securities and Exchange Commission on February 15, 2022.
Fiscal Period, Policy	The Company operates and reports using a 52-53 week fiscal year ending on the Saturday closest to December 31. Accordingly, the Company’s fiscal quarters end on the Saturday that falls closest to the last day of the third month of each quarter.
Recently Issued Accounting Standards	Recently Issued Accounting Standards From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that recently issued standards, which are not yet effective, will not have a material impact on the Company’s consolidated financial statements upon adoption.
Use of Estimates	Use of Estimates The preparation of these financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenue and expenses. These estimates and judgments, include but are not limited to, revenue recognition, including performance obligations, standalone selling price, variable consideration and other obligations such as sales incentives and product returns; allowance for credit losses; accounting for business combinations; impairment of goodwill and long-lived assets; valuation of non-marketable equity investments; product warranties; loss contingencies; accounting for stock-based compensation including performance-based assessments; and accounting for income taxes and related valuation allowances. The Company bases its estimates and assumptions on historical experience, market participant fair value considerations, projected future cash flows, current economic conditions, including impact from COVID-19 pandemic and the uncertainty imposed by the conflict between Russia and Ukraine, and various other
Allowance for Credit Losses	Allowance for Credit LossesThe Company maintains an allowance for credit losses for accounts receivable using an expected loss model that requires the use of forward-looking information to calculate credit loss estimate. The expected loss methodology is developed through consideration of factors including, but not limited to, historical collection experience, current customer credit ratings, customer concentrations, current and future economic and market conditions and age of the receivable. As of July 2, 2022 and January 1, 2022, the Company had an allowance for credit losses of $6.4 million and $4.6 million, respectively.
Inventory	InventoryInventory primarily consists of finished goods and, to a lesser extent, components, which are purchased from contract manufacturers. Inventory is stated at the lower of cost or net realizable value with cost being determined using the standard cost method, which approximates actual costs determined on the first-in, first-out basis. Inventory costs primarily consist of materials, inbound freight, import duties, tariffs, and other handling fees. The Company writes down its inventory for estimated obsolescence or excess inventory based upon assumptions around market conditions and estimates of future demand. Net realizable value is the estimated selling price less estimated costs of completion, disposal and transportation. Adjustments to reduce inventory to net realizable value are recognized in cost of revenue and have not been significant for the periods presented.
Short-Term and Strategic Investments	Short-Term Investments The Company's short term investments include marketable equity securities with readily determinable fair value and debt securities. The fair value of investments is determined based on quoted market prices at the reporting date for those instruments. The change in fair value of the Company's investments in marketable equity securities is recognized as unrealized gains and losses in other expense, net at the end of each reporting period. Strategic Investments The Company holds non-marketable equity securities as part of its strategic investments portfolio. The Company classifies the majority of these securities as equity securities without readily determinable fair values and measures these investments at cost, less any impairment, adjusted for observable price changes in orderly transactions for identical or similar investments of the same issuer. These investments are valued using significant unobservable inputs or data in an inactive market and the valuation requires the Company's judgment due to the absence of market prices and inherent lack of liquidity. The Company monitors non-marketable equity investments for impairment indicators, such as deterioration in the investee's financial condition and business forecasts and lower valuations in recent or proposed financings. The estimated fair value is based on quantitative and qualitative factors including, but not limited to, subsequent financing activities by the investee and projected discounted cash flows. Changes in fair value of non-marketable equity investments are recorded in other expense, net on the consolidated statement of operations. At July 2, 2022 and January 1, 2022, the Company's equity securities without readily determinable fair values totaled $16.2 million and $16.3 million, respectively, and are included in other assets on the consolidated balance sheets.
Net (Loss) Income Per Share	Net (Loss) Income Per Share Basic income per share is calculated using the Company's weighted-average outstanding shares of common stock. Diluted income per share is calculated using the Company's weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. The following table presents the calculation of both basic and diluted net (loss) income per share (in thousands, except per share amounts): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Net (loss) income $ (43,421) $ (2,758) $ (73,827) $ 4,685 Basic weighted-average common shares outstanding 27,161 28,100 27,106 28,178 Dilutive effect of employee stock awards — — — 730 Diluted weighted-average common shares outstanding 27,161 28,100 27,106 28,908 Net (loss) income per share - Basic $ (1.60) $ (0.10) $ (2.72) $ 0.17 Net (loss) income per share - Diluted $ (1.60) $ (0.10) $ (2.72) $ 0.16

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
Summary of Significant Accounting Policies (Tables)	Jul. 02, 2022
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the calculation of both basic and diluted net (loss) income per share (in thousands, except per share amounts): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Net (loss) income $ (43,421) $ (2,758) $ (73,827) $ 4,685 Basic weighted-average common shares outstanding 27,161 28,100 27,106 28,178 Dilutive effect of employee stock awards — — — 730 Diluted weighted-average common shares outstanding 27,161 28,100 27,106 28,908 Net (loss) income per share - Basic $ (1.60) $ (0.10) $ (2.72) $ 0.17 Net (loss) income per share - Diluted $ (1.60) $ (0.10) $ (2.72) $ 0.16

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Jul. 02, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Disaggregation of Revenue [Table Text Block]	Disaggregation of Revenue The following table provides information about disaggregated revenue by geographical region (in thousands): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 United States $ 139,377 $ 196,824 $ 292,551 $ 311,596 EMEA 55,922 91,559 121,583 207,790 Japan 38,929 47,254 89,450 87,829 Other 21,123 29,959 43,736 61,642 Total revenue $ 255,351 $ 365,596 $ 547,320 $ 668,857
Contract with Customer, Asset and Liability [Table Text Block]	Contract Balances The following table provides information about receivables and contract liabilities from contracts with customers (in thousands): July 2, 2022 January 1, 2022 Accounts receivable, net $ 81,318 $ 155,659 Unbilled receivables 8,799 8,747 Contract liabilities 24,062 22,996 The Company invoices customers based upon contractual billing schedules, and accounts receivable are recorded when the right to consideration becomes unconditional. Unbilled receivables represent revenue and trade-in liability recognized in excess of billings. Contract liabilities include deferred revenue associated with the Cloud Services and extended warranty plans as well as prepayments received from customers in advance of product shipments. During the three months ended July 2, 2022 and July 3, 2021, the Company recognized $5.8 million and $3.4 million, respectively, of the contract liability balance as revenue upon transfer of the products or services to customers. During the six months ended July 2, 2022 and July 3, 2021, the Company recognized $7.6 million and $8.9 million, respectively, of the contract liability balance as revenue upon transfer of the product or services to customers.

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jul. 02, 2022
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense were as follows (in thousands): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Operating lease cost $ 2,163 $ 2,147 $ 3,014 $ 4,134 Variable lease cost 1,010 1,033 1,928 1,928 Total lease cost $ 3,173 $ 3,180 $ 4,942 $ 6,062
Schedule of Leases, Supplemental Cash Flow [Table Text Block]	Supplemental cash flow information related to leases was as follows (in thousands): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,995 $ 2,100 $ 4,034 $ 4,379 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ — $ — $ —
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of operating lease liabilities were as follows as of July 2, 2022 (in thousands): Remainder of 2022 $ 3,582 2023 7,315 2024 6,034 2025 5,781 2026 5,806 Thereafter 18,930 Total minimum lease payments $ 47,448 Less: imputed interest 6,291 Present value of future minimum lease payments $ 41,157 Less: current portion of operating lease liabilities (Note 6) $ 6,091 Long-term lease liabilities $ 35,066

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
Goodwill and Other Intangible Assets (Tables)	Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the activity in the carrying amount of goodwill and intangible assets for the six months ended July 2, 2022 (in thousands): Goodwill Intangible assets Balance as of January 1, 2022 $ 173,292 $ 28,410 Purchase accounting adjustments (583) — Amortization — (2,731) Effect of foreign currency translation (7,840) (1,607) Balance as of July 2, 2022 $ 164,869 $ 24,072

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
Accrued Expenses (Tables)	Jul. 02, 2022
Accrued Liabilities, Current [Abstract]
Components of Accrued Expenses	July 2, 2022 January 1, 2022 Accrued warranty $ 26,814 $ 32,019 Accrued compensation and benefits 20,713 19,029 Current portion of operating lease liabilities 6,091 6,220 Accrued manufacturing and logistics cost 6,083 23,038 Derivative liability 5,593 2,600 Accrued sales and other indirect taxes payable 3,830 9,599 Accrued bonus 3,493 11,375 Accrued income taxes 1,665 1,788 Accrued other 16,802 26,950 $ 91,084 $ 132,618

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Jul. 02, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]	The fair values of derivative instruments were as follows (in thousands): Fair Value Classification July 2, 2022 January 1, 2022 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 15,306 $ 8,362 Foreign currency forward contracts Other assets 847 1,627 Foreign currency forward contracts Accrued expenses 5,593 2,377 Derivatives designated as cash flow hedges: Foreign currency forward contracts Other current assets $ 18,211 $ 4,110 Foreign currency forward contracts Other assets 30,477 9,610 Foreign currency forward contracts Accrued expenses — 223 Foreign currency forward contracts Long-term liabilities — 407
Derivative Instruments, Gain (Loss) [Table Text Block]	Gain (loss) associated with derivative instruments not designated as hedging instruments were as follows (in thousands): Three Months Ended Six Months Ended Classification July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Gain (loss) recognized in income Other expense, net $ 4,168 $ 391 $ 6,232 $ (9,623) Gain recognized in earnings on cash flow hedging instruments Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Revenue Revenue Consolidated statements of operations in which the effects of cash flow hedging instruments are recorded $ 255,351 $ 365,596 $ 547,320 $ 668,857 Gain on cash flow hedging relationships: Foreign currency forward contracts: Amount of gain reclassified from AOCI into earnings $ 3,742 $ 1,231 $ 5,381 $ 717
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following tables reflect the effect of derivatives designated as cash flow hedging (in thousands): Gain (loss) recognized in OCI on Derivative (1) Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Foreign currency forward contracts $ 33,204 $ (47) $ 43,461 $ 17,107 (1) The amount represents the change in fair value of derivative contracts due to changes in spot rates.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jul. 02, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value	The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands): Fair Value Measurements as of Level 1 Level 2 (1) Level 3 Assets: Money market funds $ 2,113 $ — $ — Derivative instruments (Note 8) — 64,841 — Total assets measured at fair value $ 2,113 $ 64,841 $ — Liabilities: Derivative instruments (Note 8) $ — $ 5,593 $ — Total liabilities measured at fair value $ — $ 5,593 $ — Fair Value Measurements as of Level 1 Level 2 (1) Level 3 Assets: Money market funds $ 33,003 $ — $ — Marketable equity securities, $23,286 at cost 33,044 — — Derivative instruments (Note 8) — 23,709 — Total assets measured at fair value $ 66,047 $ 23,709 $ — Liabilities: Derivative instruments (Note 8) $ — $ 3,007 $ — Total liabilities measured at fair value $ — $ 3,007 $ — (1) Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jul. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
Activity Related to the Warranty Accrual	Activity related to the warranty accrual was as follows (in thousands): Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Balance at beginning of period $ 30,239 $ 23,904 $ 32,019 $ 24,392 Provision 4,000 10,236 10,036 20,421 Warranty usage (7,425) (9,422) (15,241) (20,095) Balance at end of period $ 26,814 $ 24,718 $ 26,814 $ 24,718

Description of Business (Detail

Description of Business (Details) - $ / shares	Aug. 04, 2022	Jul. 02, 2022	Jan. 01, 2022
Business Acquisition [Line Items]
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Amazon.com, Inc. and Martin Merger Sub, Inc. \| Subsequent Event
Business Acquisition [Line Items]
Common stock, par value (in dollars per share)	$ 0.01
Cash portion, cash per share for common stock converted (in dollars per share)	$ 61

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended			6 Months Ended
	Jan. 01, 2022	Jul. 02, 2022	Apr. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Debt and Equity Securities, FV-NI [Line Items]
Short-term investments	$ 33,044	$ 0			$ 0
Allowance for credit loss	4,600	6,400			6,400
Refund in tariffs paid		32,000			32,000
Equity Securities without Readily Determinable Fair Value, Amount	$ 16,300	$ 16,200			$ 16,200
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		1,300		800	1,000	100
Roomba Robots \| Imported After October, 12, 2021
Debt and Equity Securities, FV-NI [Line Items]
Tariffs paid			$ 11,700
Matterport
Debt and Equity Securities, FV-NI [Line Items]
Equity securities received, restricted	1,600
Payments for (proceeds from) short-term investments		$ (1,200)	$ (16,200)
Loss on sale of investments		$ 300			$ 17,100
Additional shares received			200

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net (loss) income	$ (43,421)	$ (2,758)	$ (73,827)	$ 4,685
Weighted-average shares outstanding	27,161	28,100	27,106	28,178
Dilutive effect of employee stock options and restricted shares	0	0	0	730
Diluted weighted-average shares outstanding	27,161	28,100	27,106	28,908
Basic income per share	$ (1.60)	$ (0.10)	$ (2.72)	$ 0.17
Diluted income per share	$ (1.60)	$ (0.10)	$ (2.72)	$ 0.16

Revenue Recognition - Significa

Revenue Recognition - Significant Judgments (Details) - USD ($) $ in Millions	Jul. 02, 2022	Jan. 01, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 21.3	$ 20.9
Refund liability, product returns	42.8	56.8
Refund liability, other credits and incentives	$ 64.3	$ 101.6

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 255,351	$ 365,596	$ 547,320	$ 668,857
United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	139,377	196,824	292,551	311,596
EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	55,922	91,559	121,583	207,790
Japan
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	38,929	47,254	89,450	87,829
Other
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 21,123	$ 29,959	$ 43,736	$ 61,642

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021	Jan. 01, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Accounts receivable, net	$ 81,318		$ 81,318		$ 155,659
Unbilled receivables	8,799		8,799		8,747
Contract liabilities	24,062		24,062		$ 22,996
Contract with Customer, Liability, Revenue Recognized	$ 5,800	$ 3,400	$ 7,600	$ 8,900

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Leases [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent	4.01%		4.01%
Operating Lease, Cost	$ 2,163	$ 2,147	$ 3,014	$ 4,134
Variable Lease, Cost	1,010	1,033	1,928	1,928
Lease, Cost	$ 3,173	$ 3,180	$ 4,942	$ 6,062
Operating Lease, Weighted Average Remaining Lease Term	7 years 1 month 28 days		7 years 1 month 28 days

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Leases [Abstract]
Document Period End Date			Jul. 02, 2022
Operating Lease, Payments	$ 1,995	$ 2,100	$ 4,034	$ 4,379
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 0	$ 0	$ 0	$ 0

Leases - Maturity of Operating

Leases - Maturity of Operating Lease Liability (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Leases [Abstract]
Remainder of 2022	$ 3,582
2023	7,315
2024	6,034
2025	5,781
2026	5,806
Thereafter	18,930
Total minimum lease payments	47,448
Less: imputed interest	6,291
Present value of future minimum lease payments	41,157
Current portion of operating lease liabilities	6,091	$ 6,220
Long-term lease liabilities	$ 35,066	$ 43,462

Leases - Financial Statement Im

Leases - Financial Statement Impact of Adopting ASC 842 (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Leases [Abstract]
Operating lease right-of-use asset	$ 29,875	$ 37,609
Present value of future minimum lease payments	$ 41,157

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jul. 02, 2022 USD ($)
Goodwill
Balance as of January 1, 2022	$ 173,292
Purchase accounting adjustments	(583)
Effect of foreign currency translation	(7,840)
Balance as of July 2, 2022	164,869
Intangible assets
Balance as of January 1, 2022	28,410
Purchase accounting adjustments	0
Amortization	(2,731)
Effect of foreign currency translation	(1,607)
Balance as of July 2, 2022	$ 24,072

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Accounts Payable, Current [Abstract]
Accrued manufacturing and logistics cost	$ 6,083	$ 23,038
Accrued warranty	26,814	32,019
Accrued compensation and benefits	20,713	19,029
Accrued income taxes	1,665	1,788
Accrued bonus	3,493	11,375
Current portion of operating lease liabilities	6,091	6,220
Accrued sales and other indirect taxes payable	3,830	9,599
Derivative liability	5,593	2,600
Accrued other	16,802	26,950
Accrued expenses	$ 91,084	$ 132,618

Working Capital Facility (Detai

Working Capital Facility (Details) - USD ($) $ in Millions	May 04, 2022	Jul. 02, 2022
Credit Agreement \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Unsecured revolving line of credit		$ 150
Revolving Credit Facility \| Line of Credit \| Credit Agreement
Line of Credit Facility [Line Items]
Borrowings under revolving credit facility		35
Available for borrowing under revolving credit facility		$ 115

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2022	Jan. 01, 2022
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Term of Contract	3 years
Derivative, Notional Amount	$ 509,200	$ 423,300
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	305,200	325,400
Not Designated as Hedging Instrument [Member] \| Accrued Liabilities [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative instruments (Note 8)	5,593	2,377
Not Designated as Hedging Instrument [Member] \| Other Current Assets [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative instruments (Note 8)	15,306	8,362
Not Designated as Hedging Instrument [Member] \| Other Noncurrent Assets [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative instruments (Note 8)	847	1,627
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Accrued Liabilities [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative instruments (Note 8)	0	223
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Noncurrent Liabilities [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative instruments (Note 8)	0	407
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Current Assets [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative instruments (Note 8)	18,211	4,110
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Noncurrent Assets [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative instruments (Note 8)	$ 30,477	$ 9,610

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Revenue		$ 255,351	$ 365,596	$ 547,320	$ 668,857
Foreign Exchange Forward [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on Derivative	[1]	33,204	(47)	43,461	17,107
Other Nonoperating Income (Expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		4,168	391	6,232	(9,623)
Sales [Member] \| Foreign Exchange Forward [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		$ 3,742	$ 1,231	$ 5,381	$ 717

[1]The amount represents the change in fair value of derivative contracts due to changes in spot rates.

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value on a Recurring Basis (Details) - USD ($)		Jul. 02, 2022	Jan. 01, 2022
Equity Securities
Assets:
Equity Securities, FV-NI, Cost			$ 23,286
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets:
Total assets measured at fair value		$ 2,113,000	66,047,000
Liabilities:
Total liabilities measured at fair value		0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Equity Securities
Assets:
Fair value of securities			33,044,000
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Derivative Instrument
Assets:
Derivative instruments (Note 8)		0	0
Liabilities:
Derivative instruments (Note 8)		0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Money Market Funds
Assets:
Money market funds		2,113,000	33,003,000
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Assets:
Total assets measured at fair value	[1]	64,841,000	23,709,000
Liabilities:
Total liabilities measured at fair value	[1]	5,593,000	3,007,000
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Equity Securities
Assets:
Fair value of securities	[1]		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Derivative Instrument
Assets:
Derivative instruments (Note 8)	[1]	64,841,000	23,709,000
Liabilities:
Derivative instruments (Note 8)	[1]	5,593,000	3,007,000
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Money Market Funds
Assets:
Money market funds	[1]	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Assets:
Total assets measured at fair value		0	0
Liabilities:
Total liabilities measured at fair value		0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Equity Securities
Assets:
Fair value of securities			0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Derivative Instrument
Assets:
Derivative instruments (Note 8)		0	0
Liabilities:
Derivative instruments (Note 8)		0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Money Market Funds
Assets:
Money market funds		$ 0	$ 0

[1]Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Commitments and Contingencies -

Commitments and Contingencies - Activity Related to Warranty Accrual (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 30,239	$ 23,904	$ 32,019	$ 24,392
Provision	4,000	10,236	10,036	20,421
Warranty usage	(7,425)	(9,422)	(15,241)	(20,095)
Balance at end of period	$ 26,814	$ 24,718	$ 26,814	$ 24,718

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
Income Taxes (Details)	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	34.30%	17.10%	30.40%	(61.50%)

Industry Segment, Geographic _2

Industry Segment, Geographic Information and Significant Customers - Additional Information (Detail) - segment	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of Reportable Segments			1
Revenue Benchmark \| Retail Customer \| Customer Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration Risk, Percentage	27.10%	32.50%	26.80%	25.50%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Employee Stock - USD ($)	1 Months Ended
	May 31, 2017	Jul. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price of common stock percent	85%
Offering period (in months)	6 months
Maximum percentage of salary	15%
Maximum dollar amount	$ 4,000
Maximum number of shares per employee (in shares)	1,000
Number of shares available for grant (in shares)		452,345

Subsequent Event (Details)

Subsequent Event (Details) $ / shares in Units, $ in Millions			6 Months Ended
	Aug. 04, 2022 USD ($) $ / shares	Jul. 02, 2022 employee	Dec. 31, 2022 USD ($)
Subsequent Event [Line Items]
Number of positions eliminated \| employee		140
Percentage of workforce reduced		10%
Minimum \| Forecast
Subsequent Event [Line Items]
Restructuring charges			$ 5
Maximum \| Forecast
Subsequent Event [Line Items]
Restructuring charges			$ 6
Amazon.com, Inc. and Martin Merger Sub, Inc. \| Subsequent Event
Subsequent Event [Line Items]
Cash portion, cash per share for common stock converted (in dollars per share) \| $ / shares	$ 61
Amazon.com, Inc. \| Subsequent Event
Subsequent Event [Line Items]
Expected professional fees and expenses	$ 30