Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 02, 2016	Jan. 02, 2016
Current assets
Cash and cash equivalents	$ 116,055	$ 132,317
Accounts receivable, net of allowance for doubtful accounts of $1,718 and $1,967 at July 2, 2016 and January 2, 2016, respectively.	84,805	80,960
Inventories	62,312	62,038
Prepaid income taxes	9,803	2,404
Other current assets	22,995	21,423
Total current assets	295,970	299,142
Deferred Costs, Noncurrent	73,362	71,718
Property and equipment, net	133,037	132,466
Intangible assets, net	28,264	27,556
Goodwill	20,384	20,394
Deferred tax assets	39,410	44,320
Other assets	12,256	6,139
Total assets	602,683	601,735
Current liabilities
Accounts payable	30,710	25,865
Accrued compensation	33,956	38,415
Accrued liabilities	26,781	44,222
Income taxes payable	2,304	2,777
Deferred revenue	26,622	21,280
Long-term Debt and Capital Lease Obligations, Current	75	74
Total current liabilities	120,448	132,633
Deferred revenue	219	298
Long-term Debt and Capital Lease Obligations	175,001	185,071
Deferred Credits and Other Liabilities	11,866	8,021
Total liabilities	307,534	326,023
Commitments and contingencies
Masimo Corporation stockholders’ equity:
Preferred stock, $0.001 par value; 5,000 shares authorized; 0 shares issued and outstanding at July 2, 2016 and January 2, 2016	0	0
Common stock, $0.001 par value; 100,000 shares authorized; 49,351 and 49,881 shares issued and outstanding at July 2, 2016 and January 2, 2016	49	50
Treasury stock 14,255 and 12,759 at July 2, 2016 and January 2, 2016	(404,276)	(340,873)
Additional paid-in capital	357,766	332,417
Accumulated other comprehensive loss	(4,549)	(4,739)
Retained earnings	346,159	288,560
Total Masimo Corporation stockholders’ equity	295,149	275,415
Noncontrolling interest	0	297
Total equity	295,149	275,712
Total liabilities and equity	$ 602,683	$ 601,735

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.