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Fair Value Measurements (Tables)
3 Months Ended
Mar. 29, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables sets forth the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):
As of March 29, 2025Level 1Level 2Total
Money market funds$8,937 $— $8,937 
U.S. government securities49,036 — 49,036 
Corporate debt securities— 126,497 126,497 
Commercial paper— 49,615 49,615 
U.S. government agency securities— 19,875 19,875 
Certificates of deposit— 12,623 12,623 
$57,973 $208,610 $266,583 

As of December 31, 2024Level 1Level 2Total
Money market funds$4,890 $— $4,890 
U.S. government securities74,132 — 74,132 
Corporate debt securities— 123,701 123,701 
Commercial paper— 32,773 32,773 
U.S. government agency securities— 24,411 24,411 
Certificates of deposit— 16,520 16,520 
$79,022 $197,405 $276,427