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VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS - (Tables)

3 Months Ended

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

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- References

No definition available.

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