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Cash, Cash Equivalents, and Marketable Securities | 9 Months Ended
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Oct. 02, 2021
Cash and Cash Equivalents [Abstract] |
Cash, Cash Equivalents, and Marketable Securities | Cash, Cash Equivalents and Marketable Securities The Company has invested its excess cash primarily in money market funds and highly liquid marketable securities such as commercial paper, corporate debt securities, municipal securities and U.S. government securities. The Company considers all investments with maturities of three months or less when purchased to be cash equivalents. Marketable securities represent highly liquid commercial paper, U.S. government agency securities, corporate debt securities, municipal securities and U.S. government securities with maturities greater than 90 days at date of purchase. Cash equivalents are stated at amounts that approximate fair value based on quoted market prices. Marketable securities are recorded at their fair values. Marketable securities with maturities greater than one year are classified as current because management considers all marketable securities to be available for current operations. The Company’s investments have been classified and accounted for as available-for-sale. Such investments are recorded at fair value and unrealized holding gains and losses are reported as a separate component of accumulated other comprehensive loss in the stockholders’ equity until realized. Realized gains and losses on sales of marketable securities, if any, are determined on the specific identification method and are reclassified from accumulated other comprehensive loss to results of operations as other expense, net. Realized and unrealized gains and losses were de minimis for the period ended October 2, 2021. Cash, cash equivalents and marketable securities consisted of the following (in thousands):
|  | October 2, 2021 |  | December 31, 2020
Cash and cash equivalents: |  |  |  |
Cash |  | $ | 30,609 |  |  | $ | 30,745 |
Commercial paper |  | 23,449 |  |  | — |
Money market funds |  | 6,007 |  |  | 10,068 |
Municipal securities |  | 150 |  |  | — |
U.S. government securities |  | — |  |  | 39,994 |
Total cash and cash equivalents |  | 60,215 |  |  | 80,807 |
Marketable securities: |  |  |  |
Commercial paper |  | 117,984 |  |  | — |
U.S. government agency securities |  | 3,891 |  |  | — |
Corporate debt securities |  | 3,772 |  |  | — |
U.S. government securities |  | 1,520 |  |  | 52,982 |
Municipal securities |  | 1,325 |  |  | — |
Total marketable securities |  | 128,492 |  |  | 52,982 |
|  | $ | 188,707 |  |  | $ | 133,789 |
The carrying amounts of the Company’s money market funds approximate their fair values due to their nature, duration and short maturities.

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- References No definition available. + Details
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- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
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