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Cash and Marketable Securities (Tables)

12 Months Ended

Jan. 03, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments by Security Type

Cash, cash equivalents and marketable securities consisted of the following (in thousands):

			December 31, 2024
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Debt securities available-for-sale:
Commercial paper			$	172,891					$	—					$	—					$	172,891
Corporate bonds			1,012,035						1,498						(2,167)						1,011,366
U.S. Treasury and government-sponsored enterprises			339,126						226						(959)						338,393
Municipal bonds			2,990						11						—						3,001
Total debt securities available-for-sale			1,527,042						1,735						(3,126)						1,525,651
Money market funds			145,690						—						—						145,690
Certificates of deposit			77,226						—						—						77,226
Total cash, cash equivalents and marketable securities			$	1,749,958					$	1,735					$	(3,126)					$	1,748,567

			December 31, 2023
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Debt securities available-for-sale:
Commercial paper			$	214,016					$	—					$	—					$	214,016
Corporate bonds			870,870						1,652						(4,277)						868,245
U.S. Treasury and government-sponsored enterprises			409,157						414						(2,250)						407,321
Municipal bonds			7,880						10						(49)						7,841
Total debt securities available-for-sale			1,501,923						2,076						(6,576)						1,497,423
Money market funds			154,287						—						—						154,287
Certificates of deposit			72,309						—						—						72,309
Total cash, cash equivalents and marketable securities			$	1,728,519					$	2,076					$	(6,576)					$	1,724,019

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):

			December 31, 2024
			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			$	370,065					$	(1,630)					$	160,887					$	(537)					$	530,952					$	(2,167)
U.S. Treasury and government-sponsored enterprises			125,224						(755)						56,984						(204)						182,208						(959)
Total			$	495,289					$	(2,385)					$	217,871					$	(741)					$	713,160					$	(3,126)

			December 31, 2023
			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			$	255,958					$	(847)					$	281,837					$	(3,430)					$	537,795					$	(4,277)
U.S. Treasury and government-sponsored enterprises			163,339						(406)						155,452						(1,844)						318,791						(2,250)
Municipal bonds			—						—						5,951						(49)						5,951						(49)
Total			$	419,297					$	(1,253)					$	443,240					$	(5,323)					$	862,537					$	(6,576)

Schedule of Fair Value of Cash Equivalents and Investments by Contractual Maturity

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

			December 31,
			2024						2023
Maturing in one year or less			$	888,360					$	768,706
Maturing after one year through five years			637,291						728,717
Total debt securities available-for-sale			$	1,525,651					$	1,497,423

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479106/326-30-50-4

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