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Note 4 - Balance Sheet Components | 9 Months Ended
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Oct. 02, 2021
Notes to Financial Statements |
Supplemental Balance Sheet Disclosures [Text Block] | Note 4 - Balance Sheet Components Accounts Receivable Accounts receivable do not bear interest and are shown net of an allowance for expected lifetime credit losses, which reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine this allowance through an assessment of known troubled accounts, analysis of our accounts receivable aging, historical experience, expectations for future economic conditions, management judgment, and other available evidence.
|  | October 2, |  |  | January 2, |
(In thousands) |  | 2021 |  |  | 2021 |
Accounts receivable |  | $ | 79,606 |  |  | $ | 64,635 |
Less: Allowance for credit losses |  |  | — |  |  |  | (54 | )
Accounts receivable, net of allowance for credit losses |  | $ | 79,606 |  |  | $ | 64,581 |
Inventories
|  | October 2, |  |  | January 2, |
(In thousands) |  | 2021 |  |  | 2021 |
Work in progress |  | $ | 45,791 |  |  | $ | 34,724 |
Finished goods |  |  | 20,314 |  |  |  | 29,875 |
Total inventories, net |  | $ | 66,105 |  |  | $ | 64,599 |
Accrued Expenses Included in Accrued expenses in the Consolidated Balance Sheets are the following balances:
|  | October 2, |  |  | January 2, |
(In thousands) |  | 2021 |  |  | 2021 |
Liability for non-cancelable contracts |  | $ | 8,941 |  |  | $ | 8,492 |
Current portion of operating lease liabilities |  |  | 5,414 |  |  |  | 4,149 |
Contract liability under ASC 606 |  |  | 5,129 |  |  |  | 3,068 |
Other accrued expenses |  |  | 5,034 |  |  |  | 5,702 |
Total accrued expenses |  | $ | 24,518 |  |  | $ | 21,411 |
Property and Equipment – Geographic Information Our Property and equipment, net by country at the end of each period was as follows:
|  | October 2, |  |  | January 2, |
(In thousands) |  | 2021 |  |  | 2021 |
United States |  | $ | 26,589 |  |  | $ | 29,440 |
Taiwan |  |  | 5,484 |  |  |  | 5,171 |
Philippines |  |  | 2,928 |  |  |  | 2,912 |
China |  |  | 1,710 |  |  |  | 1,537 |
Japan |  |  | 436 |  |  |  | 476 |
Other |  |  | 114 |  |  |  | 130 |
Total foreign property and equipment, net |  |  | 10,672 |  |  |  | 10,226 |
Total property and equipment, net |  | $ | 37,261 |  |  | $ | 39,666 |
Cloud Based Computing Implementation Costs Under the guidance in ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40), we are capitalizing the implementation costs for cloud computing arrangements, mainly for our integrated distributor accounting management systems. These cloud-based computing implementation costs are recorded in Prepaid expenses and other current assets and Other long-term assets on our Consolidated Balance Sheets. The following table summarizes activity during the first nine months of fiscal 2021:
(In thousands) |  |  |  |
Cloud based computing implementation costs as of January 2, 2021 |  | $ | 2,831 |
Costs capitalized |  |  | 289 |
Amortization |  |  | (544 | )
Cloud based computing implementation costs as of October 2, 2021 |  | $ | 2,576 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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