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Related Party Transactions Related Party Transactions - (Details) |  | 3 Months Ended |
--- | --- | --- | ---
Jul. 08, 2021 USD ($) | Apr. 02, 2022 USD ($) ft² | Apr. 03, 2021 USD ($) | Jan. 01, 2022 USD ($)
Related Party Transaction [Line Items] |  |  |  |
Related Party Transactions Disclosure |  | 3. Related Party Transactions The Company’s Chairman and Chief Executive Officer (CEO) is also the Chairman and CEO of Cercacor Laboratories, Inc. (Cercacor). The Company is a party to the following agreements with Cercacor: •Cross-Licensing Agreement - The Company and Cercacor are parties to a cross-licensing agreement (Cross-Licensing Agreement), which governs each party’s rights to certain intellectual property held by the two companies. The Company is subject to certain annual minimum aggregate royalty obligations for use of the rainbow® licensed technology. The current annual minimum royalty obligation is $5.0 million. Aggregate liabilities payable to Cercacor arising under the Cross-Licensing Agreement were $3.5 million for each of the three months ended April 2, 2022 and April 3, 2021. •Administrative Services Agreement - The Company is a party to an administrative services agreement with Cercacor (G&A Services Agreement), which governs certain general and administrative services that the Company provides to Cercacor. Amounts charged by the Company pursuant to the G&A Services Agreement were $0.1 million and less than $0.1 million for the three months ended April 2, 2022 and April 3, 2021 respectively. •Lease and Agreement - Effective December 2019, the Company entered into a lease agreement with Cercacor for approximately 34,000 square feet of office, research and development space at one of the Company’s owned facilities in Irvine (Cercacor Lease). The term of the Cercacor Lease expires on December 31, 2024. The Company recognized approximately $0.3 million of lease income for each of the three months ended April 2, 2022 and April 3, 2021. Net amounts due to Cercacor at April 2, 2022 and January 1, 2022 were approximately $3.1 million and $3.5 million, respectively. The Company’s CEO is also the Chairman of the Masimo Foundation for Ethics, Innovation and Competition in Healthcare (Masimo Foundation), a non-profit organization that was founded in 2010 to provide a platform for encouraging ethics, innovation and competition in healthcare. In addition, the Company’s Executive Vice President (EVP), Chief Financial Officer (CFO) serves as the Treasurer of the Masimo Foundation and the Company’s EVP, General Counsel and Corporate Secretary serves as the Secretary for the Masimo Foundation. During the three months ended April 2, 2022 and April 3, 2021, the Company made $1.0 million and no cash contributions to the Masimo Foundation, respectively. During the three months ended April 2, 2022 and April 3, 2021, the Company made various in-kind contributions to the Masimo Foundation, mainly in the form of donated administrative services. The Company’s CEO is also a co-founder and a member of the board of directors of Like Minded Media Ventures (LMMV), a team of storytellers that create content focused in the areas of true stories, social causes and science. LMMV creates stories with a multi-platform strategy, bridging the gap between film, television, digital and social media. In 2020, the Company entered into a marketing service agreement with LMMV for audiovisual production services promoting brand awareness, including television commercials and digital advertising. During the three months ended April 2, 2022 and April 3, 2021, the Company incurred no marketing expenses to LMMV under the marketing service agreement. At April 2, 2022 and January 1, 2022, there was no amo unt due to LMMV for services rendered. In 2021, the Company entered into a software license and professional services agreement with Like Minded Labs (LML), a subsidiary of LMMV. Pursuant to the software license agreement, LML granted the Company a perpetual, non-exclusive and fully paid-up right and license to integrate LML’s software into the Company’s products in exchange for a $3.0 million one-time license fee. Pursuant to the professional services agreement, LML will provide professional services to the Company, including the development of custom software intended to support the integration of the licensed software into the Company’s products, as well as future support services upon the Company’s acceptance of deliverables. In July 2021, the Company entered into a patent purchase and option agreement with Vantrix Corporation (Vantrix), an acquiree of LML, for certain patents for $0.5 million, and the right to purchase two pools of additional patents from Vantrix for an exercise fee of up to $1.1 million. The agreements with LML and Vantrix include sublicensing provisions whereby the software and patents are licensed back to LML or Vantrix, respectively, for further advancement of the technologies. The Company maintains an aircraft time share agreement, pursuant to which the Company has agreed from time to time to make its aircraft available to the Company’s CEO for lease on a time-sharing basis. The Company charges the Company’s CEO for personal use based on agreed upon reimbursement rates. For each of the three months ended April 2, 2022 and April 3, 2021, the Company charged the Company’s CEO less than $0.1 million related to such disbursements. |  |
Cercacor Laboratories |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Payments for Royalties |  | $ 3,500,000 | $ 3,500,000 |
Payment for Administrative Fees |  | $ 100,000 | 100,000 |
Related Party Transaction, Date |  | Dec. 31, 2024 |  |
Sublease Income |  | $ 300,000 | 300,000 |
Related Party Transaction, Due from (to) Related Party |  | $ (3,100,000) |  | $ (3,500,000)
Leased Property |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Property Plant and Equipment, Occupied Square Feet | ft² |  | 34,000 |  |
Not for Profit Organization |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Related Party Transaction, Amounts of Transaction |  | $ 1,000,000 | 0 |
Like Minded Media Ventures |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Related Party Transaction, Due from (to) Related Party |  | 0 |  | $ 0
Related Party Transaction, Expenses from Transactions with Related Party |  | 0 | 0 |
Reimbursement Fee |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Related Party Transaction, Expenses from Transactions with Related Party |  | 100,000 | $ 100,000 |
Like Minded Labs |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Finite-Lived License Agreements, Gross |  | 3,000,000 |  |
Vantrix Corp | Purchase Commitment |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Related Party Transaction, Purchases from Related Party | $ 500,000 |  |  |
Vantrix Corp | Options Held |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Related Party Transaction, Purchases from Related Party | $ 1,100,000 |  |  |
Minimum |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Payments for Royalties |  | $ 5,000,000 |  |

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