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VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS - (Tables) | 3 Months Ended
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Apr. 01, 2023
Investments, Debt and Equity Securities [Abstract] |
Equity Method Investments | Venture capital investments are summarized below:
| April 1, 2023 |  | March 26, 2022
| (in thousands)
Beginning balance | $ | 129,012 |  |  | $ | 149,640 |
Capital contributions | 3,214 |  |  | 3,265 |
Distributions | (7,217) |  |  | (1,347) |
Loss | (6,848) |  |  | (13,403) |
Foreign currency translation | 260 |  |  | (463) |
Ending balance | $ | 118,421 |  |  | $ | 137,692 |
The Company also invests, with minority positions, directly in equity of predominantly privately held companies. Strategic investments are summarized below:
| April 1, 2023 |  | March 26, 2022
| (in thousands)
Beginning balance | $ | 182,590 |  |  | $ | 51,712 |
Purchase of investments | 9,266 |  |  | 10,000 |
Distributions | (4,146) |  |  | — |
Gain (loss) | 3,566 |  |  | (500) |
Reduction for acquisition of entity | (12,635) |  |  | — |
Foreign currency translation | (3,275) |  |  | (636) |
Ending balance | $ | 175,366 |  |  | $ | 60,576 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- References No definition available. + Details
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