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VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS - (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Venture capital investments are summarized below:


	Nine Months Ended
	September 30, 2023		September 24, 2022
	(in thousands)
Beginning balance	$	129,012	$	149,640
Capital contributions	12,056		11,815
Distributions	(12,972)		(7,733)
Losses	(14,258)		(20,063)
Foreign currency translation	260		(2,149)
Ending balance	$	114,098	$	131,510

The Company also invests, with minority positions, directly in equity of predominantly privately held companies. Strategic investments are summarized below:


	Nine Months Ended
	September 30, 2023		September 24, 2022
	(in thousands)
Beginning balance	$	182,590	$	51,712
Purchase of investments	21,489		117,220
Distributions	(7,493)		(1,710)
Gain (loss)	5,012		(5)
Reduction for acquisition of entity	(12,635)		—
Foreign currency translation	(1,214)		(8,636)
Ending balance	$	187,749	$	158,581