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VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS
 3 Months Ended
Mar. 29, 2025
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:
Three Months Ended
March 29, 2025March 30, 2024
(in thousands)
Beginning balance$116,561 $121,158 
Capital contributions5,216 3,829 
Distributions(2,653)(9,353)
Gains (losses)
(8,634)8,174 
Foreign currency translation551 (100)
Ending balance$111,041 $123,708 
The Company also invests, with minority positions, directly in equity of predominantly privately held companies. Strategic investments are summarized below:
Three Months Ended
March 29, 2025March 30, 2024
(in thousands)
Beginning balance$101,790 $122,653 
Purchase of investments2,241 — 
Gain (loss)
(1,740)(2,294)
Foreign currency translation694 (524)
Ending balance$102,985 $119,835