Investments (Tables)

9 Months Ended

Sep. 27, 2025

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 September 27, 2025 and December 28, 2024 (in thousands):


			Gross		Gross
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
September 27, 2025
Money market investments	$	5,998	$	—	$	—	$	5,998
Asset-backed securities		21,686		57		1,240		20,503
Corporate bonds, commercial paper and direct obligations of government agencies		103,735		993		739		103,989
U.S. Treasury obligations		14,869		7		—		14,876

Total	$	146,288	$	1,057	$	1,979	$	145,366

December 28, 2024
Money market investments	$	13,473	$	—	$	—	$	13,473
Asset-backed securities		26,785		25		1,770		25,040
Corporate bonds, commercial paper and direct obligations of government agencies		107,180		198		2,026		105,352

Total	$	147,438	$	223	$	3,796	$	143,865

Schedule of Unrealized Loss on Available-for-Sale Investments

For those

available-for-sale

investments with unrealized losses at September 27, 2025 and December 28, 2024, 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
September 27, 2025
Asset-backed securities	$	4,537	$	411	$	9,400	$	829	$	13,937	$	1,240
Corporate bonds, commercial paper, and direct obligations of government agencies		16,299		130		17,003		609		33,302		739

Total	$	20,836	$	541	$	26,403	$	1,438	$	47,239	$	1,979

December 28, 2024
Asset-backed securities	$	9,663	$	37	$	12,596	$	1,733	$	22,259	$	1,770
Corporate bonds, commercial paper, and direct obligations of government agencies		18,409		169		59,609		1,857		78,018		2,026

Total	$	28,072	$	206	$	72,205	$	3,590	$	100,277	$	3,796