XML 26 R15.htm IDEA: XBRL DOCUMENT v3.24.3
VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS
 9 Months Ended
Sep. 28, 2024
Equity Method Investments and Joint Ventures [Abstract]  
VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS
Venture capital investments are summarized below:
Nine Months Ended
September 28, 2024September 30, 2023
(in thousands)
Beginning balance$121,158 $129,012 
Capital contributions16,205 12,056 
Distributions(20,324)(12,972)
Gains (losses)
8,439 (14,258)
Foreign currency translation466 260 
Ending balance$125,944 $114,098 
The Company also invests, with minority positions, directly in equity of predominantly privately held companies. Strategic investments are summarized below:
Nine Months Ended
September 28, 2024September 30, 2023
(in thousands)
Beginning balance$122,653 $182,590 
Purchase of investments2,140 21,489 
Distributions— (7,493)
Gain (loss)
(9,430)5,012 
Reduction for acquisition of entity (1)
— (12,635)
Other investment activity(5,540)— 
Foreign currency translation220 (1,214)
Ending balance$110,043 $187,749 
(1) Refer to Note 2 – Acquisitions and Divestitures for further discussion on the acquisition of SAMDI.