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INVESTMENTS IN SECURITIES | 9 Months Ended
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Sep. 24, 2023
Investments, Debt and Equity Securities [Abstract] |
INVESTMENTS IN SECURITIES | INVESTMENTS IN SECURITIES The Company recognizes investments in available-for-sale securities as cash equivalents, current investments or long-term investments depending upon each security’s length to maturity. The following table summarizes our investments in available-for-sale securities:
|  | September 24, 2023 |  | December 25, 2022
|  | Cost |  | Fair Value |  | Cost |  | Fair Value
|  | (In thousands)
Cash equivalents: |  |  |  |  |  |  |  |
Fixed income securities |  | $ | 374,484 |  |  | $ | 374,591 |  |  | $ | 167,366 |  |  | $ | 167,430 |
Gross realized gains during the three and nine months ended September 24, 2023 related to the Company’s available-for-sale securities were $5.8 million and $12.1 million, respectively and gross realized gains during the three and nine months ended September 25, 2022 were immaterial. Proceeds received from the sale or maturity of available-for-sale securities investments are historically disclosed in the Condensed Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during the nine months ended September 24, 2023 and September 25, 2022 that have been included in accumulated other comprehensive income (loss) and the net amount of gains and losses reclassified out of accumulated other comprehensive income (loss) to earnings during the nine months ended September 24, 2023 and September 25, 2022 are disclosed in “Note 13. Stockholders’ Equity.”

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