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Investments (Tables)

6 Months Ended

Jun. 29, 2024

Amortized Cost and Fair Value of Available-for-Sale Investments

The amortized cost and fair values of available-for-sale investments are as follows at June 29, 2024 and December 30, 2023 (in thousands):

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
June 29, 2024
Money market investments		$	20,194			$	—			$	—			$	20,194
Asset-backed securities			17,897				2				2,014				15,885
Corporate bonds, commercial paper and direct obligations of government agencies			115,907				103				3,515				112,495
U.S. Treasury obligations			1,249				—				8				1,241
Total		$	155,247			$	105			$	5,537			$	149,815
December 30, 2023
Money market investments		$	16,832			$	—			$	—			$	16,832
Asset-backed securities			16,543				—				2,236				14,307
Corporate bonds, commercial paper and direct obligations of government agencies			118,481				279				4,384				114,376
U.S. Treasury obligations			6,287				2				43				6,246
Total		$	158,143			$	281			$	6,663			$	151,761

Schedule of Unrealized Loss on Available-for-Sale Investments

For those available-for-sale investments with unrealized losses at June 29, 2024 and December 30, 2023, the following table summarizes the duration of the unrealized loss (in thousands):

		Less than 12 months								12 months or longer								Total
		Fair Value				Unrealized Loss				Fair Value				Unrealized Loss				Fair Value				Unrealized Loss
June 29, 2024
Asset-backed securities		$	1,986			$	1			$	13,029			$	2,013			$	15,015			$	2,014
Corporate bonds, commercial paper, and direct obligations of government agencies			22,497				126				69,774				3,389				92,271				3,515
U.S. Treasury obligations			—				—				1,241				8				1,241				8
Total		$	24,483			$	127			$	84,044			$	5,410			$	108,527			$	5,537
December 30, 2023
Asset-backed securities		$	—			$	—			$	14,307			$	2,236			$	14,307			$	2,236
Corporate bonds, commercial paper, and direct obligations of government agencies			3,506				42				86,841				4,342				90,347				4,384
U.S. Treasury obligations			—				—				2,305				43				2,305				43
Total		$	3,506			$	42			$	103,453			$	6,621			$	106,959			$	6,663

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

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X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

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