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Cash and Investments (Tables)

12 Months Ended

Jan. 03, 2020

Investments, Debt and Equity Securities [Abstract]

Reconciliation of Cash, Cash Equivalents, and Restricted Cash

A reconciliation of cash, cash equivalents, and restricted cash equivalents reported within our Consolidated Balance Sheets to the amount reported within the accompanying Consolidated Statements of Cash Flows was as follows (in thousands):

	December 31,
	2019				2018				2017
Cash and cash equivalents	$	266,501			$	314,775			$	183,164
Short-term restricted cash equivalents	—				—				504
Restricted cash equivalents included in long-term investments	1,636				1,100				4,646
Cash, cash equivalents, and restricted cash equivalents as reported within the accompanying Consolidated Statements of Cash Flows	$	268,137			$	315,875			$	188,314

Reconciliation of Cash, Cash Equivalents, and Restricted Cash

A reconciliation of cash, cash equivalents, and restricted cash equivalents reported within our Consolidated Balance Sheets to the amount reported within the accompanying Consolidated Statements of Cash Flows was as follows (in thousands):

	December 31,
	2019				2018				2017
Cash and cash equivalents	$	266,501			$	314,775			$	183,164
Short-term restricted cash equivalents	—				—				504
Restricted cash equivalents included in long-term investments	1,636				1,100				4,646
Cash, cash equivalents, and restricted cash equivalents as reported within the accompanying Consolidated Statements of Cash Flows	$	268,137			$	315,875			$	188,314

Investments by Security Type

Cash and investments consisted of the following (in thousands):

	December 31, 2019
	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Investment securities available-for-sale:
Commercial paper	$	389,573			$	—			$	—			$	389,573
Corporate bonds	752,295				3,934				(3		)		756,226
U.S. Treasury and government sponsored enterprises	166,483				187				(5		)		166,665
Total investment securities available-for-sale	1,308,351				4,121				(8		)		1,312,464
Cash	40,964				—				—				40,964
Money market funds	2,467				—				—				2,467
Certificates of deposit	32,728				5				—				32,733
Total cash and investments	$	1,384,510			$	4,126			$	(8	)		$	1,388,628

	December 31, 2018
	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Investment securities available-for-sale:
Commercial paper	$	381,134			$	—			$	(1	)		$	381,133
Corporate bonds	344,741				180				(857		)		344,064
U.S. Treasury and government sponsored enterprises	55,224				2				(25		)		55,201
Total investment securities available-for-sale	781,099				182				(883		)		780,398
Cash	6,883				—				—				6,883
Money market funds	47,744				—				—				47,744
Certificates of deposit	16,596				—				—				16,596
Total cash and investments	$	852,322			$	182			$	(883	)		$	851,621

Fair Value and Gross Unrealized Losses of Investments Available-for-Sale in an Unrealized Loss Position

The fair value and gross unrealized losses on investment securities available-for-sale in an unrealized loss position were as follows (in thousands):

	December 31, 2019
	In an Unrealized Loss Position Less than 12 Months								In an Unrealized Loss Position 12 Months or Greater								Total
	Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses
Corporate bonds	$	14,529			$	(3	)		$	—			$	—			$	14,529			$	(3	)
U.S. Treasury and government sponsored enterprises	2,848				(5		)		—				—				2,848				(5		)
Total	$	17,377			$	(8	)		$	—			$	—			$	17,377			$	(8	)

	December 31, 2018
	In an Unrealized Loss Position Less than 12 Months								In an Unrealized Loss Position 12 Months or Greater								Total
	Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses
Corporate bonds	$	236,162			$	(606	)		$	39,627			$	(251	)		$	275,789			$	(857	)
U.S. Treasury and government sponsored enterprises	28,105				(16		)		9,182				(9		)		37,287				(25		)
Commercial paper	7,091				(1		)		—				—				7,091				(1		)
Total	$	271,358			$	(623	)		$	48,809			$	(260	)		$	320,167			$	(883	)

Fair Value of Cash Equivalents and Investments by Contractual Maturity

The fair value of investment securities available-for-sale by contractual maturity were as follows (in thousands):

	December 31,
	2019				2018
Maturing in one year or less	$	789,913			$	626,711
Maturing after one year through five years	522,551				153,687
Total investment securities available-for-sale	$	1,312,464			$	780,398

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