iRobot (IRBT) 10-Q7 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2023	Oct. 27, 2023
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 30, 2023
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	2023
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-30
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		27,865,605

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 189,649	$ 117,949
Accounts receivable, net	73,457	66,025
Inventory	244,509	285,250
Other current assets	49,234	59,076
Total current assets	556,849	528,300
Property and equipment, net	44,942	60,909
Operating lease right-of-use assets	20,482	26,084
Deferred tax assets	10,536	16,248
Goodwill	167,630	167,724
Intangible Assets, Net	9,692	11,260
Other assets	21,347	24,918
Total assets	831,478	835,443
Current liabilities:
Accounts payable	211,341	184,016
Accrued expenses	103,101	98,959
Deferred revenue and customer advances	10,951	13,208
Total current liabilities	325,393	296,183
Term loan	204,411	0
Operating lease liabilities	28,981	33,247
Deferred tax liabilities	377	931
Other long-term liabilities	19,428	29,366
Total long-term liabilities	253,197	63,544
Total liabilities	578,590	359,727
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; 27,865 and 27,423 shares issued and outstanding, respectively	279	274
Additional paid-in capital	281,458	257,498
(Accumulated deficit) retained earnings	(41,702)	199,415
Accumulated other comprehensive income	12,853	18,529
Total stockholders’ equity	252,888	475,716
Total liabilities and stockholders’ equity	$ 831,478	$ 835,443

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 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	27,865,000	27,423,000
Common stock, shares issued	27,865,000	27,423,000

Consolidated Statements of Inco

Consolidated Statements of Income Statement - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Revenue	$ 186,176	$ 278,191	$ 583,036	$ 825,511
Cost of product revenue	137,871	200,947	444,106	558,111
Amortization of acquired intangible assets	292	837	864	2,533
Total cost of revenue	138,163	201,784	444,970	560,644
Gross profit	48,013	76,407	138,066	264,867
Research and development	37,239	41,425	117,137	125,893
Selling and marketing	41,744	60,273	142,002	197,355
General and administrative	28,350	31,508	90,245	84,585
Amortization of acquired intangible assets	174	11,568	529	12,603
Total operating expenses	107,507	144,774	349,913	420,436
Operating loss	(59,494)	(68,367)	(211,847)	(155,569)
Other expense, net	(19,113)	(979)	(24,217)	(19,906)
Loss before income taxes	(78,607)	(69,346)	(236,064)	(175,475)
Income tax expense	598	59,020	5,053	26,718
Net loss	$ (79,205)	$ (128,366)	$ (241,117)	$ (202,193)
Basic	$ (2.86)	$ (4.71)	$ (8.73)	$ (7.44)
Diluted	$ (2.86)	$ (4.71)	$ (8.73)	$ (7.44)
Basic	27,738	27,264	27,608	27,159
Diluted	27,738	27,264	27,608	27,159

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (79,205)	$ (128,366)	$ (241,117)	$ (202,193)
Other comprehensive (income) loss, net of tax:
Net foreign currency translation adjustments	(3,014)	(6,047)	615	(17,422)
Net unrealized gains on cash flow hedges	5,105	18,278	7,077	50,865
Net gains on cash flow hedge reclassified into earnings	(5,568)	(7,151)	(14,249)	(11,201)
Change in fair value of term loan due to instrument-specific credit risk	881	0	881	0
Total comprehensive loss	$ (81,801)	$ (123,286)	$ (246,793)	$ (179,951)

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 (in shares) at Jan. 01, 2022		27,006,000
Beginning balance at Jan. 01, 2022	$ 716,723	$ 270	$ 222,653	$ 485,710	$ 8,090
Issuance of common stock under employee stock plans (in shares)		89,000
Stock Issued During Period, Value, Stock Options Exercised	3,274	$ 1	3,273
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)		284,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	$ 3	(3)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	23,508		23,508
Shares Paid for Tax Withholding for Share Based Compensation (in shares)		(30,000)
Stock Withheld to Cover Tax Withholding Requirements Upon Vesting to Restricted Stock Units Amount	(1,775)	$ 0	(1,775)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	22,242		22,242
Net loss	(202,193)			(202,193)
Ending balance (in shares) at Oct. 01, 2022		27,349,000
Ending balance at Oct. 01, 2022	561,779	$ 274	247,656	283,517	30,332
Beginning balance (in shares) at Jul. 02, 2022		27,229,000
Beginning balance at Jul. 02, 2022	$ 676,776	$ 272	239,369	411,883	25,252
Issuance of common stock under employee stock plans (in shares)	186,000	5,000
Stock Issued During Period, Value, Stock Options Exercised		$ 0	186
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)		118,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	$ 0	$ 2	(2)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	8,277		8,277
Shares Paid for Tax Withholding for Share Based Compensation (in shares)		(3,000)
Stock Withheld to Cover Tax Withholding Requirements Upon Vesting to Restricted Stock Units Amount	(174)	$ 0	(174)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	5,080
Net loss	(128,366)			(128,366)
Ending balance (in shares) at Oct. 01, 2022		27,349,000
Ending balance at Oct. 01, 2022	$ 561,779	$ 274	247,656	283,517	30,332
Beginning balance (in shares) at Dec. 31, 2022	27,423,000	27,423,000
Beginning balance at Dec. 31, 2022	$ 475,716	$ 274	257,498	199,415	18,529
Issuance of common stock under employee stock plans (in shares)		9,000
Stock Issued During Period, Value, Stock Options Exercised	9	$ 0	9
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)		479,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	$ 5	(5)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	25,880		25,880
Shares Paid for Tax Withholding for Share Based Compensation (in shares)		(46,000)
Stock Withheld to Cover Tax Withholding Requirements Upon Vesting to Restricted Stock Units Amount	(1,924)	$ 0	(1,924)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(5,676)				(5,676)
Net loss	$ (241,117)			(241,117)
Ending balance (in shares) at Sep. 30, 2023	27,865,000	27,865,000
Ending balance at Sep. 30, 2023	$ 252,888	$ 279	281,458	(41,702)	12,853
Beginning balance (in shares) at Jul. 01, 2023		27,696,000
Beginning balance at Jul. 01, 2023	325,419	$ 277	272,190	37,503	15,449
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)		172,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	$ 2	(2)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	9,375		9,375
Shares Paid for Tax Withholding for Share Based Compensation (in shares)		(3,000)
Stock Withheld to Cover Tax Withholding Requirements Upon Vesting to Restricted Stock Units Amount	(105)	$ 0	(105)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(2,596)				(2,596)
Net loss	$ (79,205)			(79,205)
Ending balance (in shares) at Sep. 30, 2023	27,865,000	27,865,000
Ending balance at Sep. 30, 2023	$ 252,888	$ 279	$ 281,458	$ (41,702)	$ 12,853

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022
Cash flows from operating activities:
Net loss	$ (241,117)	$ (202,193)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	21,367	39,078
Gain (Loss) on Investments	(3,910)	(18,828)
Stock-based compensation	25,880	23,508
Change in fair value of term loan	5,292	0
Debt issuance costs expensed under fair value option	11,837	0
Deferred income taxes, net	4,115	13,090
Other	(8,618)	4,209
Changes in operating assets and liabilities — (use) source
Accounts receivable	(7,943)	23,767
Inventory	34,675	(85,447)
Other assets	12,544	31,268
Accounts payable	28,904	(24,054)
Accrued expenses and other liabilities	(4,483)	(54,649)
Net cash used in operating activities	(113,637)	(212,595)
Cash flows from investing activities:
Additions of property and equipment	(3,132)	(8,895)
Purchase of investments	(213)	(3,150)
Sales and maturities of investments	0	17,723
Net cash (used in) provided by investing activities	(3,345)	5,678
Cash flows from financing activities:
Proceeds from employee stock plans	9	3,274
Income tax withholding payment associated with restricted stock vesting	(1,924)	(1,775)
Proceeds from credit facility	0	90,000
Proceeds from term loan	200,000	0
Payment of debt issuance costs	(11,837)	0
Net cash provided by financing activities	186,248	91,499
Effect of exchange rate changes on cash, cash equivalents and restricted cash	4,193	3,549
Net increase (decrease) in cash, cash equivalents and restricted cash	73,459	(111,869)
Cash, cash equivalents and restricted cash, at beginning of period	117,949	201,457
Cash, cash equivalents and restricted cash, at end of period	191,408	89,588
Cash, cash equivalents and restricted cash, at end of period:
Cash and cash equivalents	189,649	89,588
Restricted cash, non-current (included in other assets)	1,759	0
Cash, cash equivalents and restricted cash, at end of period	$ 191,408	$ 89,588

Description of Business

Description of Business	9 Months Ended
Description of Business	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Nature of the 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. Under the terms of the Merger Agreement, prior to its amendment (as described herein), 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) would have, at the Effective Time, automatically been cancelled and converted into the right to receive $61.00 in cash, without interest and subject to applicable withholding taxes. On July 24, 2023, the Company, Parent and Merger Sub entered into an Amendment to Agreement and Plan of Merger (the "Merger Agreement Amendment"), which amends the Merger Agreement (as amended and supplemented by the Merger Agreement Amendment, the "Amended Merger Agreement"), which provides, among other things, that each share of Common Stock, outstanding immediately prior to the Effective Time (subject to certain exceptions set forth in the Amended Merger Agreement) will, at the Effective Time, automatically be cancelled and converted into the right to receive $51.75 in cash, without interest and subject to applicable withholding taxes. Other than as expressly modified pursuant to the Merger Agreement Amendment, the Merger Agreement remains in full force and effect. The Company held a special meeting of stockholders on October 12, 2023 and the Company's stockholders voted to approve and adopt the Amended Merger Agreement. The adjustment in the merger consideration from $61.00 to $51.75 is intended to reflect the incurre nce of the Term Loan as described in Note 8 to the consolidated financial statements. 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	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2023
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 December 31, 2022, filed with the Securities and Exchange Commission on February 14, 2023. 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. Liquidity The accompanying unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. The Company has a long history of profitable operations, positive operating cash flows and substantial liquidity that was further strengthened during the first year of the COVID-19 pandemic as consumer demand for iRobot's products increased considerably. For the nine months ended September 30, 2023, the Company's revenue declined 29.4% from the nine months ended October 1, 2022 due to lower orders from retailers and distributors largely resulting from a decline in consumer sentiment, and resultant spending, as well as increased pricing competition in the market. The lower revenue has resulted in operating losses of $211.8 million and operating cash outflows of $113.6 million for the nine months ended September 30, 2023. On July 24, 2023, the Company entered into a $200.0 million Term Loan. Total proceeds from the Term Loan were $188.2 million, net of debt issuance costs, which will be used to fund the Company's ongoing operations. As a result, the Company ended the third quarter of 2023 with cash and cash equivalents of $189.6 million compared to $117.9 million as of December 31, 2022. Management has considered and assessed its ability to continue as a going concern for the one year from the date that the unaudited consolidated financial statements are issued. Management's assessment included the preparation of cash flow forecasts taking into account actions already implemented. Management considered additional actions within its control that it would implement, if necessary, to maintain liquidity and operations in the ordinary course. Management has already undertaken the following actions to improve profitability and operating cash flows and align the organization to the lower revenue level: • In August 2022, the Company initiated a restructuring of its operations designed to better realign its cost structure with near-term revenue and cash flow generation, advance key strategic priorities, increase efficiencies and improve its profitability going forward (the "August 2022 Restructuring Plan"). As part of the August 2022 Restructuring Plan, the Company reduced its workforce and terminated approximately 100 employees, which represented 8% of its workforce and eliminated a number of open positions entering the third quarter of 2022. As a follow-on action to the Company's August 2022 Restructuring Plan and in anticipation that market conditions will remain challenging in 2023, the Company initiated a new restructuring program at the beginning of February 2023 and reduced its workforce by approximately 85 employees, which represented 7% of the Company's global workforce as of December 31, 2022 (the "February 2023 Restructuring Plan"). At September 30, 2023, the Company had 1,126 employees, a total reduction of 246 employees since the end of fiscal 2021. In addition to the reduction of its headcount, the Company signed a sublease agreement during the fourth quarter of fiscal 2022 and two additional sublease agreements in the second quarter of fiscal 2023 to sublease portions of its headquarters. iRobot's 2023 operating plan also incorporates scaled back working media and other demand-generation activities, limited investment in non-robotic product categories and minimal new hiring plans in 2023. These actions contributed to a total reduction of $70.5 million in operating expenses for the nine months ended September 30, 2023 as compared to the same period last year. • Inventory has consumed a significant amount of cash, and the Company continues to manage its inventory level carefully. As of September 30, 2023, the inventory balance was $244.5 million, or 161 days, a reduction of $40.7 million from the end of fiscal 2022, and a reduction of $174.6 million from the same period last year. The Company will continue to manage its inventory to a level that aligns with current run rates and seasonality of the business. Management estimates such actions, together with the proceeds from the Term Loan, will be sufficient to allow it to maintain liquidity and its operations in the ordinary course for at least 12 months from the issuance of these financial statements. While management estimates such actions and loan proceeds will be sufficient to allow it to maintain liquidity and its operations in the ordinary course for at least 12 months from the issuance of these financial statements, there can be no assurance the Company will generate sufficient future cash flows from operations due to potential factors, including, but not limited to, further inflation, the continued rising interest rates, ongoing recessionary conditions or continued reduced demand for the Company's products. If the Company is not successful in increasing demand for its products, or if macroeconomic conditions further constrain consumer demand, the Company may continue to experience adverse impacts to revenue and profitability. Additional actions within the Company’s control to maintain its liquidity and operations include optimizing its production volumes with contract manufacturers by reducing inventory supply forecast for cancellable purchase orders, further reducing discretionary spending in all areas of the business, decreasing working media spending and realigning resources through ongoing attrition without rehiring activity. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of these uncertainties. Recently Issued Accounting Standards From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") 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; impairment of goodwill and long-lived assets; valuation of non-marketable equity investments; valuation of debt; product warranties; inventory excess and obsolescence; loss contingencies; 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, 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. Cash, cash equivalents and restricted cash The Company considers all highly liquid investments with maturity of three months or less at the time of purchase to be cash and cash equivalents. The Company's restricted cash balance, included in other assets on the consolidated balance sheet, is used as collateral for the Company's credit card program and to secure the outstanding letters of credit after the Prior Credit Facility was terminated in July 2023 (as described in Note 8 to the consolidated financial statements). 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. The Company reviews and adjusts the allowance for credit losses on a quarterly basis. Accounts receivable balances are written off against the allowance when the Company determines that the balances are not recoverable. As of September 30, 2023 and December 31, 2022, the Company had an allowance for credit losses of $2.7 million and $4.7 million, respectively. Tariff Refunds In March 2022, the Company was granted a temporary exclusion from Section 301 List 3 tariffs by the United States Trade Representative. This exclusion, which was subsequently extended until September 30, 2023, and then further extended until December 31, 2023, entitled the Company to a refund of approximately $32.0 million in tariffs paid. During the first quarter of 2022, the Company recognized a benefit of $11.7 million from tariff refunds as a reduction to cost of product revenue related to tariffs paid on products imported after October 12, 2021 and sold during fiscal 2021. As of September 30, 2023, the Company had received $31.9 million of the tariff refund and the outstanding refund receivable of $0.1 million 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 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. The Company performs an assessment on a quarterly basis to assess whether triggering events for impairment exist and to identify any observable price changes. During the three and nine months ended September 30, 2023, the Company recorded impairment charges of $0.8 million and $3.9 million, respectively, related to investments in non-marketable equity securities. Changes in fair value of non-marketable equity investments are recorded in other expense, net on the consolidated statements of operations. At September 30, 2023 and December 31, 2022, the Company's equity securities without readily determinable fair values totaled $11.4 million and $15.1 million, respectively, and are included in other assets on the consolidated balance sheets. Restructuring Charges In August 2022, the Company initiated a restructuring of its operations designed to realign its cost structure with near-term revenue and cash flow generation, advance key strategy priorities, increase efficiencies and improve its profitability going forward. As a follow-on action to the Company’s August 2022 Restructuring Plan and in anticipation that market conditions remain challenging in 2023, the Company initiated a new restructuring program at the beginning of February 2023 to further reduce its workforce by approximately 85 employees, which represented 7% of the Company's global workforce as of December 31, 2022. During the three and nine months ended September 30, 2023, the Company recorded restructuring charges of $0.1 million and $3.6 million, respectively, for employee severance and benefit costs. As of September 30, 2023, the Company had outstanding restructuring liability of approximately $0.7 million and expects the remaining balance to be substantially paid during the fourth quarter of 2023. These restructuring charges are recorded in the consolidated statement of operations. Net Loss Per Share Basic loss per share is calculated using the Company's weighted-average outstanding common shares. Diluted loss 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 per share (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Net loss $ (79,205) $ (128,366) $ (241,117) $ (202,193) Weighted-average shares outstanding 27,738 27,264 27,608 27,159 Basic and diluted loss per share $ (2.86) $ (4.71) $ (8.73) $ (7.44)

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 30, 2023
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	Revenue RecognitionThe 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 September 30, 2023 and December 31, 2022 was $17.9 million and $23.2 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 Accounting Standards Codification ("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 September 30, 2023, the Company had reserves for product returns of $22.2 million and other credits and incentives of $54.8 million. As of December 31, 2022, the Company had reserves for product returns of $49.2 million and other credits and incentives of $106.5 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 nine months ended September 30, 2023 and October 1, 2022, 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 Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 United States $ 85,781 $ 147,075 $ 288,725 $ 439,626 EMEA 51,861 52,454 149,421 174,037 Japan 34,713 53,187 110,186 142,637 Other 13,821 25,475 34,704 69,211 Total revenue $ 186,176 $ 278,191 $ 583,036 $ 825,511 Contract Balances The following table provides information about receivables and contract liabilities from contracts with customers (in thousands): September 30, 2023 December 31, 2022 Accounts receivable, net $ 70,795 $ 60,268 Unbilled receivables 3,264 6,569 Contract liabilities 18,328 24,140 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 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 September 30, 2023 and October 1, 2022, the Company recognized $4.5 million and $5.7 million, respectively, of the contract liability balance as revenue upon transfer of the products or services to customers. During the nine months ended September 30, 2023 and October 1, 2022, the Company recognized $11.3 million and $10.7 million, respectively, of the contract liability balance as revenue upon transfer of the products or services to customers.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2023
Leases [Abstract]
Leases	Leases The 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 Company currently has three sublease agreements for space at its headquarters. At September 30, 2023, the Company's weighted average discount rate wa s 4.17%, while the weighted average remaining lease term w as 6.18 years. The components of lease expense were as follows (in thousands): Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Operating lease cost $ 1,359 $ 1,761 $ 4,827 $ 4,775 Variable lease cost 646 861 2,374 2,789 Sublease income (495) — (819) — Right-of-use asset impairment — — 3,048 — Net lease cost $ 1,510 $ 2,622 $ 9,430 $ 7,564 Supplemental cash flow information related to leases was as follows (in thousands): Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,815 $ 1,995 $ 6,092 $ 6,028 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ — $ 683 $ — Maturities of operating lease liabilities and sublease payments were as follows as of September 30, 2023 (in thousands): Operating Lease Payments Sublease Payments Net Remainder of 2023 $ 1,073 $ (279) $ 794 2024 6,817 (1,123) 5,694 2025 6,059 (556) 5,503 2026 6,026 (572) 5,454 2027 5,884 (589) 5,295 Thereafter 13,048 (1,447) 11,601 Total minimum lease payments $ 38,907 $ (4,566) $ 34,341 Less: imputed interest 4,844 Present value of future minimum lease payments $ 34,063 Less: current portion of operating lease liabilities (Note 7) $ 5,082 Long-term lease liabilities $ 28,981

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair Value Measurements - Recurring Basis 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 (2) Assets: Money market funds $ 180,428 $ — $ — Restricted cash, non-current (Note 2) 1,759 — — Derivative instruments (Note 9) — 9,004 — Total assets measured at fair value $ 182,187 $ 9,004 $ — Liabilities: Term loan (unpaid principal of $200,000) (Note 8) $ — $ — $ 204,411 Derivative instruments (Note 9) — 4,892 — Total liabilities measured at fair value $ — $ 4,892 $ 204,411 Fair Value Measurements as of Level 1 Level 2 (1) Level 3 (2) Assets: Money market funds $ 79,005 $ — $ — Derivative instruments (Note 9) — 5,619 — Total assets measured at fair value $ 79,005 $ 5,619 $ — Liabilities: Derivative instruments (Note 9) $ — $ 13,793 $ — Total liabilities measured at fair value $ — $ 13,793 $ — (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. (2) Level 3 fair value estimates are based on inputs that are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing and discounted cash flow models. Unobservable inputs used in the models are significant to the fair values of the assets and liabilities. The following table provides a summary of changes in fair value of our Level 3 instrument for the nine months ended September 30, 2023 (in thousands): Balance at December 31, 2022 $ — Term loan (Note 8) 200,000 Change in fair value 4,411 Balance at September 30, 2023 $ 204,411 As discussed further in Note 8 to the consolidated financial statements, the Company elected to recognize the Term Loan under the fair value option. The fair value of the Term Loan as of September 30, 2023 has been determined based on a discounted cash flow model, which represents Level 3 measurements. Estimates of the fair value are highly subjective and require judgments regarding significant matters, such as the amount and timing of future cash flows, expected interest rate volatility and the discount rate. The use of different assumptions could have a material effect on the fair value estimates. Fair Value Measurements - Nonrecurring Basis The Company measures the fair value of certain assets on a nonrecurring basis when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. During the second quarter of 2023, in connection with the long-lived assets impairment analysis, right-of-use assets and property and equipment were measured and written down to fair value on a nonrecurring basis as a result of impairment. The fair value measurements were determined using a discounted cash flow method with unobservable inputs and were classified within Level 3 of the fair value hierarchy. The fair value of the remaining right-of-use assets and property and equipment were $1.5 million and zero, respectively. The Company recognized impairment charges of $3.0 million and $1.0 million, respectively, related to right-of-use assets and property and equipment on its consolidated statement of operations. The Company's non-marketable equity securities are investments in privately held companies without readily determinable fair values and the carrying value of these non-marketable equity securities are remeasured to fair value based on price changes from observable transactions of identical or similar securities of the same issuer or for impairment. During the three and nine months ended September 30, 2023, the Company recorded impairment charges of $0.8 million and $3.9 million, respectively, related to investments in non-marketable equity securities and is recorded in other expense, net on the consolidated statement of operations. See Note 2 to the consolidated financial statements, Summary of Significant Accounting Policies, for additional information.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
Goodwill and Other Intangible Assets	Sep. 30, 2023
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 nine months ended September 30, 2023 (in thousands): Goodwill Intangible assets Balance as of December 31, 2022 $ 167,724 $ 11,260 Amortization — (1,393) Effect of foreign currency translation (94) (175) Balance as of September 30, 2023 $ 167,630 $ 9,692

Accrued Expenses

Accrued Expenses	9 Months Ended
Accrued Expenses	Sep. 30, 2023
Accrued Liabilities, Current [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following at (in thousands): September 30, 2023 December 31, 2022 Accrued warranty $ 22,320 $ 27,379 Accrued compensation and benefits 18,720 22,158 Accrued merger related liabilities 15,290 10,895 Accrued returns and sales incentives 12,544 1,312 Accrued manufacturing and logistics cost 6,485 970 Current portion of operating lease liabilities 5,082 5,415 Accrued taxes payable 4,528 12,753 Accrued interest 4,526 — Derivative liability 4,506 7,310 Accrued other 9,100 10,767 $ 103,101 $ 98,959

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt Term Loan On July 24, 2023, the Company entered into a Credit Agreement (the "Credit Agreement") by and among the Company, as borrower, each lender from time to time party thereto and TCG Senior Funding L.L.C., an affiliate of The Carlyle Group, as administrative agent and collateral agent, providing for a $200.0 million senior secured term loan credit facility (the "Term Loan"). During the three months ended September 30, 2023, the Company received total proceeds from the Term Loan of $188.2 million, net of $11.8 million of debt issuance costs. The Term Loan matures on July 24, 2026. The Term Loan bears interest at a rate per annum equal to, at the Company's option, (i) a rate based on term SOFR plus a credit spread adjustment plus a 9.00% spread or (ii) a rate based on the base rate plus a rate adjustment plus an 8.00% spread. Included in each of the aforementioned options is 2.5% of PIK interest which increases the principal of the Term Loan and can be paid quarterly or at the date of maturity. In the event of repayment, prepayment or acceleration of all or any portion of the Term Loan, the Company is required to pay to the lenders an additional amount which represents a minimum guaranteed return on the Term Loan that ranges between 1.30x and 1.75x of the principal in accordance with the provisions within the Credit Agreement. The Credit Agreement provides for mandatory prepayments of borrowings under certain circumstances, including non-ordinary course asset sales and incurrence of other indebtedness, subject to customary exceptions. In addition, in the event that the Company is paid a termination fee (or an amount in lieu of such termination fee) by Amazon pursuant to the Amended Merger Agreement, up to $35.0 million of such termination fee (or amount in lieu of such termination fee) will be used immediately to repay the Term Loan, and up to $40.0 million of such termination fee (or an amount in lieu of such termination fee) will, at the option of the Company, be used to either repay the Term Loan at the same time as the foregoing repayment or be set aside to be used for future repayments of the Term Loan subject to limited rights of the Company to utilize such amounts for the purchase of inventory. In the event that the Merger does not occur and the termination fee is not paid to the Company, the Company may instead be required to deposit $25.0 million (plus any settlement amounts received in lieu of the termination fee in excess of $35.0 million received after such termination fee was not paid) in an alternative account which will, at the option of the Company, be used to either repay the Term Loan or be set aside to be used for future repayments of the Term Loan subject to limited rights of the Company to utilize such amounts for the purchase of inventory. The obligations under the Term Loan are guaranteed by the Company and certain of its subsidiaries located in the United States and United Kingdom. The Company is also required to cause certain other subsidiaries to guarantee the obligations under the Term Loan on a post-closing basis. In addition, the obligations under the Term Loan are secured by a first priority lien on substantially all tangible and intangible property of the Company and the guarantors and pledges of the equity of certain subsidiaries, in each case subject to certain exceptions, limitations and exclusions from the collateral. The Credit Agreement contains customary affirmative covenants, including financial statement reporting requirements and delivery of compliance certificates. The Credit Agreement also contains customary negative covenants that limit the Company's and its subsidiaries' ability to, among other things, grant or incur liens, incur additional indebtedness, make certain restricted investments or payments, including payment of dividends on its capital stock and payments on certain permitted indebtedness, enter into certain mergers and acquisitions or engage in certain asset sales, subject in each case to certain exceptions. In addition, the Credit Agreement contains a financial covenant that the Company will not permit its consolidated core assets (comprising cash, accounts receivable and inventory), measured on the last day of each fiscal month, to be less than $250.0 million which amount is subject to increase or decrease upon certain triggers related to the payment or non-payment of any termination fees under the Amended Merger Agreement (or fees in lieu of such termination fees) and the occurrence or non-occurrence of the Merger. As of September 30, 2023, the Company was in compliance with the covenants under the Term Loan. The Credit Agreement also contains customary events of default (subject to certain exceptions, thresholds and grace periods), such as the failure to pay obligations when due, breach of certain covenants, including the financial covenant, cross-default or cross-acceleration of certain indebtedness, bankruptcy-related defaults, judgment defaults, and the occurrence of certain change of control events involving the Company. The occurrence of an event of default may result in the termination of the Credit Agreement and acceleration of repayment obligations with respect to any outstanding loans or letters of credit under the Term Loan. Upon issuance, the Company elected to account for the Term Loan under the fair value option. The primary reason for electing the fair value option is for simplification and cost-benefit considerations of accounting for the Term Loan at fair value in its entirety versus bifurcation of the embedded features. The fair value of the Term Loan was determined using a discounted cash flow model which represents Level 3 measurements. The significant assumptions used in the discounted cash flow model include the amount and timing of future cash flows, expected interest rate volatility and the discount rate. Under the fair value election, debt issuance costs are expensed as incurred, and debt liability is subsequently valued at fair market value, including PIK interest, during each reporting period until its settlement. During the three months ended September 30, 2023, the Company incurred debt issuance costs of $11.8 million, which are reflected in other expense, net, in the consolidated statement of operations. The Company's outstanding debt as of September 30, 2023 was as follows (in thousands): Classification September 30, 2023 Term Loan at fair value at issuance $ 200,000 Change in fair value of term loan due to instrument-specific credit risk Other comprehensive income (loss) (881) Remaining changes in fair value Other expense, net 5,292 Term Loan at fair value as of September 30, 2023 $ 204,411 As of September 30, 2023, the Company recorded $4.5 million of interest expense in other expense, net on the consolidated statement of operations related to the quarterly cash interest, which is included in accrued expenses on the consolidated balance sheet. Credit Facility

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
Derivative Instruments and Hedging Activities	Sep. 30, 2023
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 have historically had a maturity of three years or less. During the first quarter of 2023, the Company terminated foreign currency forward contracts with a notional value of $151.7 million, resulting in a net cash payment of $2.5 million which was recognized within cash used in operating activities in the consolidated statement of cash flows. Amounts previously recorded in AOCI were frozen at the time of termination, and will be recognized in earnings when the original forecasted transaction occurs. At September 30, 2023 and December 31, 2022, the Company had outstanding cash flow hedges with a total notional value of $140.1 million and $362.9 million, respectively. The outstanding contracts have average maturities o f 1.5 years or less. 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 September 30, 2023 and December 31, 2022, the Company had outstanding foreign currency economic hedges with a total notional value of $178.4 million and $242.0 million, respectively. The fair values of derivative instruments were as follows (in thousands): Fair Value Classification September 30, 2023 December 31, 2022 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 5,054 $ 4,288 Foreign currency forward contracts Accrued expenses 3,658 3,249 Derivatives designated as cash flow hedges: Foreign currency forward contracts Other current assets $ 3,950 $ — Foreign currency forward contracts Other assets — 1,331 Foreign currency forward contracts Accrued expenses 848 4,061 Foreign currency forward contracts Long-term liabilities 386 6,483 Gain associated with derivative instruments not designated as hedging instruments were as follows (in thousands): Three Months Ended Nine Months Ended Classification September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Gain recognized in income Other expense, net $ 2,151 $ 1,475 $ 3,418 $ 7,707 The following tables reflect the effect of derivatives designated as cash flow hedging (in thousands): Gain recognized in OCI on Derivative (1) Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Foreign currency forward contracts $ 5,105 $ 24,219 $ 7,077 $ 67,680 (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 Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Revenue Revenue Consolidated statements of operations in which the effects of cash flow hedging instruments are recorded $ 186,176 $ 278,191 $ 583,036 $ 825,511 Gain on cash flow hedging relationships: Foreign currency forward contracts: Amount of gain reclassified from AOCI into earnings $ 5,568 $ 9,503 $ 14,249 $ 14,885

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2023
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. Outstanding Purchase Orders As of September 30, 2023, the Company had outstanding purchase orders aggregating approximately $205.5 million. The purchase orders are typically related to the purchase of inventory and marketing and media spend in the normal course of business. Included in these outstanding purchase orders is $102.5 million related to inventory purchases at the Company's contract manufacturers, of which $45.1 million are not cancellable without penalty. The Company utilizes contract manufacturers to build its products and accessories. These contract manufacturers acquire components and build products based on a forecasted production plan, which typically covers a rolling 24-month period. If the Company cancels all or part of the orders, or materially reduces forecasted orders, in certain circumstances the Company may be liable to its contract manufacturers for the cost of the excess components purchased by its contract manufacturers. During the three months ended September 30, 2023, the Company paid $4.9 million to its contract manufacturers for such liabilities and recorded as inventory components. 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 September 30, 2023 and December 31, 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 7) in the accompanying consolidated balance sheets. Activity related to the warranty accrual was as follows (in thousands): Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Balance at beginning of period $ 23,935 $ 26,814 $ 27,379 $ 32,019 Provision 2,869 4,035 11,229 14,071 Warranty usage (4,484) (5,029) (16,288) (20,270) Balance at end of period $ 22,320 $ 25,820 $ 22,320 $ 25,820 Merger Contingencies On August 4, 2022, the Company entered into the Merger Agreement with Amazon.com, Inc., subject to the terms of which Amazon has agreed to acquire the Company. On July 24, 2023, the Company entered into the Merger Agreement Amendment which amends the Merger Agreement. The Merger is conditioned upon, among other things, the adoption of the Amended Merger Agreement by holders of a majority of the outstanding shares of Common Stock, the expiration of the applicable waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"), certain other approvals, clearances or expirations of waiting periods under other antitrust laws and foreign investment laws, and other customary closing conditions. On September 19, 2022, the Company and Amazon each received a request for additional information and documentary material (the "Second Request") from the Federal Trade Commission ("FTC") in connection with the FTC's review of the transactions contemplated by the Amended Merger Agreement. The effect of the Second Request is to extend the waiting period imposed by the HSR Act, until 30 days after the Company and Amazon have substantially complied with the Second Request. Completion of the Merger remains subject to the expiration or termination of the waiting period under the HSR Act. On April 18, 2023, Amazon notified the Merger to the UK Competition and Markets Authority (the "CMA"). On June 16, 2023, the CMA announced a decision to approve unconditionally the Merger. On June 1, 2023, Amazon notified the Merger to the European Commission. On July 6, 2023, the European Commission referred the Merger for an in-depth Phase 2 review. The Phase 2 deadline was extended on July 18, 2023 by 20 working days under Article 10(3) of Council Regulation (EC) No 139/2004. The Phase 2 deadline was suspended on August 29, 2023, and restarted on October 20, 2023. The revised Phase 2 deadline is February 14, 2024.

Income Taxes (Notes)

Income Taxes (Notes)	9 Months Ended
Income Taxes (Notes)	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes 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. The Company also records the tax effects of certain discrete items, including tax effects of changes in a valuation allowance, during the interim period in which they occur. In assessing the recoverability of its deferred tax assets, the Company evaluates all available evidence, both positive and negative, to assess whether it is more likely than not that sufficient future taxable income will be generated to permit use of existing deferred tax assets in each taxpaying jurisdiction. For any deferred tax asset that exceeds the amount for which it is more likely than not that the Company will realize a benefit, the Company establishes a valuation allowance. The Company established a full valuation allowance against its net U.S. federal and state deferred tax assets and recorded a discrete charge of $57.5 million in the third quarter of fiscal 2022. During the second quarter of fiscal 2023, the Company established a full valuation allowance for certain of its foreign net deferred tax assets and recorded a charge of $0.6 million. A valuation allowance is a non-cash charge which does not limit the Company's ability to utilize its deferred tax assets, including its ability to utilize tax loss and credit carryforward amounts, against future taxable income. The amount of the deferred tax assets considered realizable, and the associated valuation allowance, could be adjusted in a future period if estimates of future taxable income change or if objective negative evidence in the form of cumulative losses is no longer present and additional weight is given to subjective evidence such as projections for future growth. For the three months ended September 30, 2023 and October 1, 2022, the Company recorded an income tax expense of $0.6 million and $59.0 million, respectively. The Company’s effective income tax rates were (0.8)% and (85.1)% for the three months ended September 30, 2023 and October 1, 2022, respectively. The change in the effective income tax rate was primarily driven by the impact of the valuation allowance established against the Company's U.S. net deferred tax assets during the third quarter of fiscal 2022. The Company recorded an income tax expense of $5.1 million and $26.7 million for the nine months ended September 30, 2023 and October 1, 2022, respectively. The Company's effective income tax rates were (2.1)% and (15.2)% for the nine months ended September 30, 2023 and October 1, 2022, respectively. The change in the effective income tax rate was primarily driven by the impact of the valuation allowance established against the Company's U.S. net deferred tax assets last year.

Industry Segment, Geographic In

Industry Segment, Geographic Information and Significant Customers	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023 and October 1, 2022, the Company generated 22.4% and 25.0%, respectively, of total revenue from one of its retailers. For the nine months ended September 30, 2023 and October 1, 2022, the Company generated 26.8% and 26.2%, respectively, of total revenue from one of its retailers.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Pay vs Performance Disclosure
Net loss	$ (79,205)	$ (128,366)	$ (241,117)	$ (202,193)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2023
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 December 31, 2022, filed with the Securities and Exchange Commission on February 14, 2023.
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 ("FASB") 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; impairment of goodwill and long-lived assets; valuation of non-marketable equity investments; valuation of debt; product warranties; inventory excess and obsolescence; loss contingencies; 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, 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.
Cash, cash equivalents and restricted cash	Cash, cash equivalents and restricted cash The Company considers all highly liquid investments with maturity of three months or less at the time of purchase to be cash and cash equivalents. The Company's restricted cash balance, included in other assets on the consolidated balance sheet, is used as collateral for the Company's credit card program and to secure the outstanding letters of credit after the Prior Credit Facility was terminated in July 2023 (as described in Note 8 to the consolidated financial statements).
Allowance for Credit Losses	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. The Company reviews and adjusts the allowance for credit losses on a quarterly basis. Accounts receivable balances are written off against the allowance when the Company determines that the balances are not recoverable. As of September 30, 2023 and December 31, 2022, the Company had an allowance for credit losses of $2.7 million and $4.7 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 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	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. The Company performs an assessment on a quarterly basis to assess whether triggering events for impairment exist and to identify any observable price changes. During the three and nine months ended September 30, 2023, the Company recorded impairment charges of $0.8 million and $3.9 million, respectively, related to investments in non-marketable equity securities. Changes in fair value of non-marketable equity investments are recorded in other expense, net on the consolidated statements of operations. At September 30, 2023 and December 31, 2022, the Company's equity securities without readily determinable fair values totaled $11.4 million and $15.1 million, respectively, and are included in other assets on the consolidated balance sheets.
Net (Loss) Income Per Share	Net Loss Per Share Basic loss per share is calculated using the Company's weighted-average outstanding common shares. Diluted loss 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 per share (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Net loss $ (79,205) $ (128,366) $ (241,117) $ (202,193) Weighted-average shares outstanding 27,738 27,264 27,608 27,159 Basic and diluted loss per share $ (2.86) $ (4.71) $ (8.73) $ (7.44)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the calculation of both basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Net loss $ (79,205) $ (128,366) $ (241,117) $ (202,193) Weighted-average shares outstanding 27,738 27,264 27,608 27,159 Basic and diluted loss per share $ (2.86) $ (4.71) $ (8.73) $ (7.44)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2023
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 Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 United States $ 85,781 $ 147,075 $ 288,725 $ 439,626 EMEA 51,861 52,454 149,421 174,037 Japan 34,713 53,187 110,186 142,637 Other 13,821 25,475 34,704 69,211 Total revenue $ 186,176 $ 278,191 $ 583,036 $ 825,511
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): September 30, 2023 December 31, 2022 Accounts receivable, net $ 70,795 $ 60,268 Unbilled receivables 3,264 6,569 Contract liabilities 18,328 24,140

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2023
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense were as follows (in thousands): Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Operating lease cost $ 1,359 $ 1,761 $ 4,827 $ 4,775 Variable lease cost 646 861 2,374 2,789 Sublease income (495) — (819) — Right-of-use asset impairment — — 3,048 — Net lease cost $ 1,510 $ 2,622 $ 9,430 $ 7,564
Schedule of Leases, Supplemental Cash Flow [Table Text Block]	Supplemental cash flow information related to leases was as follows (in thousands): Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,815 $ 1,995 $ 6,092 $ 6,028 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ — $ 683 $ —
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of operating lease liabilities and sublease payments were as follows as of September 30, 2023 (in thousands): Operating Lease Payments Sublease Payments Net Remainder of 2023 $ 1,073 $ (279) $ 794 2024 6,817 (1,123) 5,694 2025 6,059 (556) 5,503 2026 6,026 (572) 5,454 2027 5,884 (589) 5,295 Thereafter 13,048 (1,447) 11,601 Total minimum lease payments $ 38,907 $ (4,566) $ 34,341 Less: imputed interest 4,844 Present value of future minimum lease payments $ 34,063 Less: current portion of operating lease liabilities (Note 7) $ 5,082 Long-term lease liabilities $ 28,981

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2023
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 (2) Assets: Money market funds $ 180,428 $ — $ — Restricted cash, non-current (Note 2) 1,759 — — Derivative instruments (Note 9) — 9,004 — Total assets measured at fair value $ 182,187 $ 9,004 $ — Liabilities: Term loan (unpaid principal of $200,000) (Note 8) $ — $ — $ 204,411 Derivative instruments (Note 9) — 4,892 — Total liabilities measured at fair value $ — $ 4,892 $ 204,411 Fair Value Measurements as of Level 1 Level 2 (1) Level 3 (2) Assets: Money market funds $ 79,005 $ — $ — Derivative instruments (Note 9) — 5,619 — Total assets measured at fair value $ 79,005 $ 5,619 $ — Liabilities: Derivative instruments (Note 9) $ — $ 13,793 $ — Total liabilities measured at fair value $ — $ 13,793 $ — (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. (2) Level 3 fair value estimates are based on inputs that are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing and discounted cash flow models. Unobservable inputs used in the models are significant to the fair values of the assets and liabilities.
Summary of Changes in Fair Value of Level 3 Instruments	The following table provides a summary of changes in fair value of our Level 3 instrument for the nine months ended September 30, 2023 (in thousands): Balance at December 31, 2022 $ — Term loan (Note 8) 200,000 Change in fair value 4,411 Balance at September 30, 2023 $ 204,411

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
Goodwill and Other Intangible Assets (Tables)	Sep. 30, 2023
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 nine months ended September 30, 2023 (in thousands): Goodwill Intangible assets Balance as of December 31, 2022 $ 167,724 $ 11,260 Amortization — (1,393) Effect of foreign currency translation (94) (175) Balance as of September 30, 2023 $ 167,630 $ 9,692

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
Accrued Expenses (Tables)	Sep. 30, 2023
Accrued Liabilities, Current [Abstract]
Components of Accrued Expenses	Accrued expenses consisted of the following at (in thousands): September 30, 2023 December 31, 2022 Accrued warranty $ 22,320 $ 27,379 Accrued compensation and benefits 18,720 22,158 Accrued merger related liabilities 15,290 10,895 Accrued returns and sales incentives 12,544 1,312 Accrued manufacturing and logistics cost 6,485 970 Current portion of operating lease liabilities 5,082 5,415 Accrued taxes payable 4,528 12,753 Accrued interest 4,526 — Derivative liability 4,506 7,310 Accrued other 9,100 10,767 $ 103,101 $ 98,959

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2023
Debt Disclosure [Abstract]
Outstanding Debt	The Company's outstanding debt as of September 30, 2023 was as follows (in thousands): Classification September 30, 2023 Term Loan at fair value at issuance $ 200,000 Change in fair value of term loan due to instrument-specific credit risk Other comprehensive income (loss) (881) Remaining changes in fair value Other expense, net 5,292 Term Loan at fair value as of September 30, 2023 $ 204,411

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Sep. 30, 2023
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 September 30, 2023 December 31, 2022 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 5,054 $ 4,288 Foreign currency forward contracts Accrued expenses 3,658 3,249 Derivatives designated as cash flow hedges: Foreign currency forward contracts Other current assets $ 3,950 $ — Foreign currency forward contracts Other assets — 1,331 Foreign currency forward contracts Accrued expenses 848 4,061 Foreign currency forward contracts Long-term liabilities 386 6,483
Derivative Instruments, Gain (Loss) [Table Text Block]	Gain associated with derivative instruments not designated as hedging instruments were as follows (in thousands): Three Months Ended Nine Months Ended Classification September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Gain recognized in income Other expense, net $ 2,151 $ 1,475 $ 3,418 $ 7,707 Gain recognized in earnings on cash flow hedging instruments Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Revenue Revenue Consolidated statements of operations in which the effects of cash flow hedging instruments are recorded $ 186,176 $ 278,191 $ 583,036 $ 825,511 Gain on cash flow hedging relationships: Foreign currency forward contracts: Amount of gain reclassified from AOCI into earnings $ 5,568 $ 9,503 $ 14,249 $ 14,885
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 recognized in OCI on Derivative (1) Three Months Ended Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Foreign currency forward contracts $ 5,105 $ 24,219 $ 7,077 $ 67,680 (1) The amount represents the change in fair value of derivative contracts due to changes in spot rates.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2023
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 Nine Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Balance at beginning of period $ 23,935 $ 26,814 $ 27,379 $ 32,019 Provision 2,869 4,035 11,229 14,071 Warranty usage (4,484) (5,029) (16,288) (20,270) Balance at end of period $ 22,320 $ 25,820 $ 22,320 $ 25,820

Description of Business (Detail

Description of Business (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended
	Jul. 24, 2023	Aug. 04, 2022	Sep. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Common stock, par value (in dollars per share)			$ 0.01	$ 0.01
Secured Debt \| Credit Agreement \| Line of Credit
Business Acquisition [Line Items]
Face amount	$ 200
Proceeds net of debt issuance costs	$ 188.2		$ 188.2
Amazon.com, Inc. and Martin Merger Sub, Inc.
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)	$ 51.75	$ 61

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands, shares in Millions		1 Months Ended	3 Months Ended				9 Months Ended		12 Months Ended	21 Months Ended
	Jul. 24, 2023 USD ($)	Feb. 28, 2023 employee	Sep. 30, 2023 USD ($) employee shares	Jul. 01, 2023 sublease_agreement	Oct. 01, 2022 USD ($) employee shares	Apr. 02, 2022 USD ($)	Sep. 30, 2023 USD ($) employee sublease_agreement shares	Oct. 01, 2022 USD ($) shares	Sep. 30, 2023 USD ($) employee	Sep. 30, 2023 USD ($) employee	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Decrease in revenue							29.40%
Operating loss			$ 59,494		$ 68,367		$ 211,847	$ 155,569
Decrease in operating activities							113,637	212,595
Cash and cash equivalents			$ 189,649		$ 89,588		$ 189,649	$ 89,588	$ 189,649	$ 189,649	$ 117,949
Number of positions eliminated \| employee		85			100
Percentage of workforce eliminated		7%			8%
Number of employees \| employee			1,126				1,126		1,126	1,126
Decrease in number of employees \| employee										246
Number of sublease agreements \| sublease_agreement				2			3
Decrease in operating expenses							$ (70,500)
Inventory			$ 244,509				$ 244,509		$ 244,509	$ 244,509	285,250
Days in inventory							161 days
Decrease in inventory							$ 40,700		174,600
Allowance for credit loss			2,700				2,700		2,700	2,700	4,700
Refund in tariffs paid			100				100		100	100		$ 32,000
Cash received from tariff refund			31,900				31,900		31,900	31,900
Impairment loss related to investments in non-marketable equity securities			800				3,900
Equity securities without readily determinable fair value			11,400				11,400		11,400	11,400	$ 15,100
Restructuring charges			100				3,600
Outstanding restructuring liability			$ 700				$ 700		$ 700	$ 700
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount \| shares			0.8		0.9		0.9	0.9
Secured Debt \| Line of Credit \| Credit Agreement
Debt and Equity Securities, FV-NI [Line Items]
Face amount	$ 200,000
Proceeds net of debt issuance costs	$ 188,200		$ 188,200
Roomba Robots \| Imported After October, 12, 2021
Debt and Equity Securities, FV-NI [Line Items]
Tariffs paid						$ 11,700

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		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net loss	$ (79,205)	$ (128,366)	$ (241,117)	$ (202,193)
Basic	27,738	27,264	27,608	27,159
Diluted	27,738	27,264	27,608	27,159
Basic income per share	$ (2.86)	$ (4.71)	$ (8.73)	$ (7.44)
Diluted income per share	$ (2.86)	$ (4.71)	$ (8.73)	$ (7.44)

Revenue Recognition - Significa

Revenue Recognition - Significant Judgments (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 17.9	$ 23.2
Refund liability, product returns	22.2	49.2
Refund liability, other credits and incentives	$ 54.8	$ 106.5

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 186,176	$ 278,191	$ 583,036	$ 825,511
United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	85,781	147,075	288,725	439,626
EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	51,861	52,454	149,421	174,037
Japan
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	34,713	53,187	110,186	142,637
Other
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 13,821	$ 25,475	$ 34,704	$ 69,211

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Accounts receivable, net	$ 70,795		$ 70,795		$ 60,268
Unbilled receivables	3,264		3,264		6,569
Contract liabilities	18,328		18,328		$ 24,140
Contract with Customer, Liability, Revenue Recognized	$ 4,500	$ 5,700	$ 11,300	$ 10,700

Leases - Narrative (Details)

Leases - Narrative (Details)	Sep. 30, 2023
Leases [Abstract]
Weighted average discount rate	4.17%
Weighted average remaining lease term (in years)	6 years 2 months 4 days

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jul. 01, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Leases [Abstract]
Operating lease cost	$ 1,359		$ 1,761	$ 4,827	$ 4,775
Variable lease cost	646		861	2,374	2,789
Sublease income	(495)		0	(819)	0
Right-of-use asset impairment	0	$ 3,000	0	3,048	0
Net lease cost	$ 1,510		$ 2,622	$ 9,430	$ 7,564

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Leases [Abstract]
Document Period End Date			Sep. 30, 2023
Operating Lease, Payments	$ 1,815	$ 1,995	$ 6,092	$ 6,028
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 0	$ 0	$ 683	$ 0

Leases - Maturity of Operating

Leases - Maturity of Operating Lease Liability (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Operating Lease Payments
Remainder of 2023	$ 1,073
2024	6,817
2025	6,059
2026	6,026
2027	5,884
Thereafter	13,048
Total minimum lease payments	38,907
Less: imputed interest	4,844
Present value of future minimum lease payments	34,063
Current portion of operating lease liabilities	5,082	$ 5,415
Long-term lease liabilities	28,981	$ 33,247
Sublease Payments
Remainder of 2023	(279)
2024	(1,123)
2025	(556)
2026	(572)
2027	(589)
Thereafter	(1,447)
Total minimum lease payments	(4,566)
Net
Remainder of 2023	794
2024	5,694
2025	5,503
2026	5,454
2027	5,295
Thereafter	11,601
Total minimum lease payments	$ 34,341

Leases - Financial Statement Im

Leases - Financial Statement Impact of Adopting ASC 842 (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease right-of-use asset	$ 20,482	$ 26,084
Present value of future minimum lease payments	$ 34,063

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jul. 24, 2023	Dec. 31, 2022
Secured Debt \| Credit Agreement \| Line of Credit
Liabilities:
Term loan (unpaid principal of $200,000) (Note 8)	$ 204,411	$ 200,000
Face amount		$ 200,000
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets:
Total assets measured at fair value	182,187		$ 79,005
Liabilities:
Total liabilities measured at fair value	0		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Derivative Instrument
Assets:
Derivative instruments (Note 9)	0		0
Liabilities:
Derivative instruments (Note 9)	0		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Term Loan
Liabilities:
Term loan (unpaid principal of $200,000) (Note 8)	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Money Market Funds
Assets:
Money market funds	180,428		79,005
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Restricted Cash
Assets:
Restricted cash, non-current (Note 2)	1,759
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Assets:
Total assets measured at fair value	9,004		5,619
Liabilities:
Total liabilities measured at fair value	4,892		13,793
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Derivative Instrument
Assets:
Derivative instruments (Note 9)	9,004		5,619
Liabilities:
Derivative instruments (Note 9)	4,892		13,793
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Term Loan
Liabilities:
Term loan (unpaid principal of $200,000) (Note 8)	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Money Market Funds
Assets:
Money market funds	0		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Restricted Cash
Assets:
Restricted cash, non-current (Note 2)	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3
Assets:
Total assets measured at fair value	0		0
Liabilities:
Total liabilities measured at fair value	204,411		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 \| Derivative Instrument
Assets:
Derivative instruments (Note 9)	0		0
Liabilities:
Derivative instruments (Note 9)	0		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 \| Term Loan
Liabilities:
Term loan (unpaid principal of $200,000) (Note 8)	204,411
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 \| Money Market Funds
Assets:
Money market funds	0		$ 0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 \| Restricted Cash
Assets:
Restricted cash, non-current (Note 2)	$ 0

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Changes in Fair Value of Level 3 Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term loan (Note 8)	$ 200,000	$ 0
Change in fair value	5,292	$ 0
Fair Value, Inputs, Level 3 \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	0
Term loan (Note 8)	200,000
Change in fair value	4,411
Ending balance	$ 204,411

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Jul. 01, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Right-of-use asset impairment	$ 0	$ 3,000	$ 0	$ 3,048	$ 0
Impairment loss on property and equipment		1,000
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of remaining right-of-use asset		1,500
Fair value of remaining property and equipment		$ 0

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill
Balance as of December 31, 2022	$ 167,724
Effect of foreign currency translation	(94)
Balance as of September 30, 2023	167,630
Intangible assets
Balance as of December 31, 2022	11,260
Amortization	(1,393)
Effect of foreign currency translation	(175)
Balance as of September 30, 2023	$ 9,692

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounts Payable, Current [Abstract]
Accrued warranty	$ 22,320	$ 27,379
Accrued compensation and benefits	18,720	22,158
Accrued merger related liabilities	15,290	10,895
Accrued returns and sales incentives	12,544	1,312
Accrued manufacturing and logistics cost	6,485	970
Current portion of operating lease liabilities	5,082	5,415
Accrued interest	4,526	0
Derivative liability	4,506	7,310
Accrued other	9,100	10,767
Accrued expenses	103,101	98,959
Taxes Payable, Current	$ 4,528	$ 12,753

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
Debt - Narrative (Details) - USD ($) $ in Thousands	Jul. 24, 2023	Sep. 30, 2023	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Line of Credit Facility [Line Items]
Debt issuance costs expensed under fair value option		$ 11,800	$ 11,837	$ 0
Accrued interest		4,526	4,526		$ 0
Secured Debt \| Line of Credit \| Credit Agreement
Line of Credit Facility [Line Items]
Face amount	$ 200,000
Proceeds net of debt issuance costs	$ 188,200	188,200
Debt issuance costs		$ 11,800	$ 11,800
PIK interest	2.50%
Deposit payable	$ 25,000
Minimum of consolidated core assets	$ 250,000
Secured Debt \| Line of Credit \| Term SOFR \| Credit Agreement
Line of Credit Facility [Line Items]
Basis spread on variable rate	9%
Secured Debt \| Line of Credit \| Base Rate \| Credit Agreement
Line of Credit Facility [Line Items]
Basis spread on variable rate	8%
Secured Debt \| Line of Credit \| Repay Term Loan \| Maximum \| Credit Agreement
Line of Credit Facility [Line Items]
Termination fee	$ 35,000
Secured Debt \| Line of Credit \| Repay Term Loan Or Set Aside For Future Repayments Of Term Loan \| Maximum \| Credit Agreement
Line of Credit Facility [Line Items]
Termination fee	40,000
Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Unsecured revolving line of credit	$ 100,000

Debt - Outstanding Debt (Detail

Debt - Outstanding Debt (Details) - USD ($) $ in Thousands	2 Months Ended	9 Months Ended
Debt - Outstanding Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2023	Oct. 01, 2022
Line of Credit Facility [Line Items]
Remaining changes in fair value		$ 5,292	$ 0
Secured Debt \| Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Term Loan at fair value at issuance	$ 200,000
Change in fair value of term loan due to instrument-specific credit risk	(881)
Remaining changes in fair value	5,292
Term Loan at fair value as of September 30, 2023	$ 204,411	$ 204,411

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Apr. 01, 2023	Sep. 30, 2023	Dec. 31, 2022
Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative, Notional Amount, Terminated Contracts	$ 151,700
Payments for derivative instruments	$ 2,500
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 140,100	$ 362,900
Derivative, Term of Contract		1 year 6 months
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 178,400	242,000
Not Designated as Hedging Instrument [Member] \| Maximum
Derivative [Line Items]
Derivative, Term of Contract		12 months
Not Designated as Hedging Instrument [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative instruments (Note 9)		$ 5,054	4,288
Derivative instruments (Note 9)		3,658	3,249
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Foreign Exchange Forward [Member] \| Other Current Assets [Member]
Derivative [Line Items]
Derivative instruments (Note 9)		3,950	0
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Foreign Exchange Forward [Member] \| Other Assets
Derivative [Line Items]
Derivative instruments (Note 9)		0	1,331
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Foreign Exchange Forward [Member] \| Accrued Liabilities [Member]
Derivative [Line Items]
Derivative instruments (Note 9)		848	4,061
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Foreign Exchange Forward [Member] \| Other Noncurrent Liabilities [Member]
Derivative [Line Items]
Derivative instruments (Note 9)		$ 386	$ 6,483

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Remaining Maturity	3 years		3 years
Revenue	$ 186,176	$ 278,191	$ 583,036	$ 825,511
Foreign Exchange Forward [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on Derivative	5,105	24,219	7,077	67,680
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	5,568	9,503	14,249	14,885
Other Nonoperating Income (Expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 2,151	$ 1,475	$ 3,418	$ 7,707

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
Other Commitments [Line Items]
Outstanding purchase orders	$ 205.5	$ 205.5
Outstanding purchase orders related to inventory	102.5	102.5
Noncancellable without penalty contractual obligation	45.1	45.1
Payments for contractual obligations	$ 4.9
Amazon.com, Inc.
Other Commitments [Line Items]
Expected professional fees and expenses to be incurred		$ 27

Commitments and Contingencies_2

Commitments and Contingencies - Activity Related to Warranty Accrual (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 23,935	$ 26,814	$ 27,379	$ 32,019
Provision	2,869	4,035	11,229	14,071
Warranty usage	(4,484)	(5,029)	(16,288)	(20,270)
Balance at end of period	$ 22,320	$ 25,820	$ 22,320	$ 25,820

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Jul. 01, 2023
Income Tax Disclosure [Abstract]
Valuation allowance recorded against deferred tax assets		$ 57,500		$ 57,500	$ 600
Income tax expense	$ 598	$ 59,020	$ 5,053	$ 26,718
Effective Income Tax Rate Reconciliation, Percent	(0.80%)	(85.10%)	(2.10%)	(15.20%)

Industry Segment, Geographic _2

Industry Segment, Geographic Information and Significant Customers - Additional Information (Detail) - segment	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
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	22.40%	25%	26.80%	26.20%