XML 43 R22.htm IDEA: XBRL DOCUMENT v3.22.2
Cash and Investments (Tables)
 6 Months Ended
Jul. 01, 2022
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, 2022December 31, 2021
Cash and cash equivalents$627,000 $647,169 
Restricted cash equivalents included in other long-term assets10,686 16,722 
Cash, cash equivalents, and restricted cash equivalents as reported in the accompanying Condensed Consolidated Statements of Cash Flows$637,686 $663,891 
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, 2022December 31, 2021
Cash and cash equivalents$627,000 $647,169 
Restricted cash equivalents included in other long-term assets10,686 16,722 
Cash, cash equivalents, and restricted cash equivalents as reported in the accompanying Condensed Consolidated Statements of Cash Flows$637,686 $663,891 
Schedule of Investments by Security Type
Cash, cash equivalents, restricted cash equivalents and investments consisted of the following (in thousands):
June 30, 2022
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
Debt securities available-for-sale:
Commercial paper$880,593 $— $(107)$880,486 
Corporate bonds573,343 117 (9,059)564,401 
U.S. Treasury and government-sponsored enterprises255,407 58 (2,057)253,408 
Municipal bonds12,350 — (202)12,148 
Total debt securities available-for-sale1,721,693 175 (11,425)1,710,443 
Cash80,747 — — 80,747 
Money market funds87,821 — — 87,821 
Certificates of deposit130,502 — — 130,502 
Total cash, cash equivalents, restricted cash equivalents and investments$2,020,763 $175 $(11,425)$2,009,513 
December 31, 2021
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
Debt securities available-for-sale:
Commercial paper$945,801 $42 $(2)$945,841 
Corporate bonds541,774 876 (1,672)540,978 
U.S. Treasury and government-sponsored enterprises33,965 1 (21)33,945 
Municipal bonds12,924 15 (35)12,904 
Total debt securities available-for-sale1,534,464 934 (1,730)1,533,668 
Cash135,653 — — 135,653 
Money market funds66,531 — — 66,531 
Certificates of deposit119,056 — — 119,056 
Total cash, cash equivalents, restricted cash equivalents and investments
$1,855,704 $934 $(1,730)$1,854,908 
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, 2022
Fair ValueGross Unrealized Losses
Corporate bonds$540,226 $(9,059)
U.S. Treasury and government-sponsored enterprises237,680 (2,057)
Commercial paper14,000 (107)
Municipal bonds12,148 (202)
Total$804,054 $(11,425)
December 31, 2021
Fair ValueGross Unrealized Losses
Corporate bonds$385,053 $(1,672)
Commercial paper
43,290 (2)
U.S. Treasury and government-sponsored enterprises18,962 (21)
Municipal bonds7,475 (35)
Total$454,780 $(1,730)
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, 2022December 31, 2021
Maturing in one year or less$1,253,553 $1,168,256 
Maturing after one year through five years456,890 365,412 
Total debt securities available-for-sale$1,710,443 $1,533,668