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INVESTMENTS IN SECURITIES | 12 Months Ended
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Dec. 29, 2024
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:
|  | December 29, 2024 |  | December 31, 2023
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
|  | (In thousands)
Cash equivalents: |  |  |  |  |  |  |  |
Fixed income securities |  | $ | 1,702,493 |  |  | $ | 1,702,697 |  |  | $ | 324,808 |  |  | $ | 324,947 |
Short-term investment: |  |  |  |  |  |  |  |
Fixed income securities |  | 10,000 |  |  | 10,220 |  |  | — |  |  | — |
Interest income and gross realized gains during 2024 and 2023 related to the Company’s available-for-sale securities totaled $70.8 million and $21.5 million, respectively, while gross realized losses were immaterial. Proceeds received from the sale or maturity of available-for-sale securities investments are historically disclosed in the Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during 2024 and 2023 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 2024 and 2023 are disclosed in “Note 14. Stockholders’ Equity.”

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