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Cash and Investments (Tables)
6 Months Ended
Jul. 03, 2020
Investments, Debt and Equity Securities [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash A reconciliation of cash, cash equivalents, and restricted cash equivalents reported in the accompanying Condensed Consolidated Balance Sheets to the amount reported within the accompanying Condensed Consolidated Statements of Cash Flows was as follows (in thousands):
 
June 30, 2020
 
December 31, 2019
Cash and cash equivalents
$
527,143

 
$
266,501

Restricted cash equivalents included in long-term investments
1,636

 
1,636

Cash, cash equivalents, and restricted cash equivalents as reported in the accompanying Condensed Consolidated Statements of Cash Flows
$
528,779

 
$
268,137


Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash A reconciliation of cash, cash equivalents, and restricted cash equivalents reported in the accompanying Condensed Consolidated Balance Sheets to the amount reported within the accompanying Condensed Consolidated Statements of Cash Flows was as follows (in thousands):
 
June 30, 2020
 
December 31, 2019
Cash and cash equivalents
$
527,143

 
$
266,501

Restricted cash equivalents included in long-term investments
1,636

 
1,636

Cash, cash equivalents, and restricted cash equivalents as reported in the accompanying Condensed Consolidated Statements of Cash Flows
$
528,779

 
$
268,137


Schedule of Investments by Security Type
Cash and investments consisted of the following (in thousands):
 
June 30, 2020
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Debt securities available-for-sale:
 
 
 
 
 
 
 
Commercial paper
$
239,685

 
$
245

 
$

 
$
239,930

Corporate bonds
663,491

 
9,527

 
(150
)
 
672,868

U.S. Treasury and government-sponsored enterprises
89,890

 
462

 

 
90,352

Municipal bonds
28,229

 
152

 
(1
)
 
28,380

Total debt securities available-for-sale
1,021,295

 
10,386

 
(151
)
 
1,031,530

Cash
52,053

 

 

 
52,053

Money market funds
404,313

 

 

 
404,313

Certificates of deposit
52,283

 

 

 
52,283

Total cash and investments
$
1,529,944

 
$
10,386

 
$
(151
)
 
$
1,540,179

 
December 31, 2019
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Debt 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 debt 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


Schedule of Fair Value and Gross Unrealized Losses of Investments Available-for-Sale in an Unrealized Loss Position The fair value and gross unrealized losses on debt securities available-for-sale in an unrealized loss position were as follows (in thousands):
 
June 30, 2020
 
Fair Value
 
Gross Unrealized Losses
Corporate bonds
$
27,850

 
$
(150
)
U.S. Treasury and government-sponsored enterprises
4,997

 

Municipal bonds
2,471

 
(1
)
Total
$
35,318

 
$
(151
)
 
December 31, 2019
 
Fair Value
 
Gross Unrealized Losses
Corporate bonds
$
14,529

 
$
(3
)
U.S. Treasury and government-sponsored enterprises
2,848

 
(5
)
Total
$
17,377

 
$
(8
)

Schedule of Fair Value of Cash Equivalents and Investments by Contractual Maturity
The fair value of debt securities available-for-sale by contractual maturity was as follows (in thousands):
 
June 30, 2020
 
December 31, 2019
Maturing in one year or less
$
720,089

 
$
789,913

Maturing after one year through five years
311,441

 
522,551

Total debt securities available-for-sale
$
1,031,530

 
$
1,312,464