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VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS
 9 Months Ended
Sep. 27, 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:
Nine Months Ended
September 27, 2025September 28, 2024
(in thousands)
Beginning balance$116,561 $121,158 
Capital contributions11,655 16,205 
Distributions(6,153)(20,324)
Gains (losses) and impairments
(10,277)8,439 
Foreign currency translation2,804 466 
Ending balance$114,590 $125,944 
The Company also invests, with minority positions, directly in equity of predominantly privately held companies. Strategic investments are summarized below:
Nine Months Ended
September 27, 2025September 28, 2024
(in thousands)
Beginning balance$101,789 $122,653 
Purchase of investments3,041 1,600 
Distributions(2,845)(5,000)
Gains (losses) and impairments
(23,678)(9,430)
Foreign currency translation1,738 220 
Ending balance$80,045 $110,043 
Gains (losses) and impairments during the three and nine months ended September 27, 2025 primarily relate to $17.4 million of impairments associated with three investments, which do not have a readily determinable fair value and are accounted for under the measurement alternative.