Fair Value and Derivative Instruments (Tables)

9 Months Ended

Sep. 25, 2021

Assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):


September 25, 2021	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	12,621	$	—	$	—	$	12,621

U.S. treasuries	5,300		—		—		5,300
	17,921		—		—		17,921
Marketable securities:
U.S. treasuries	37,135		—		—		37,135
Certificates of deposit	—		723		—		723
U.S. agency securities	—		575		—		575
Corporate bonds	—		27,336		—		27,336
Commercial paper	—		45,129		—		45,129
	37,135		73,763		—		110,898

Interest rate swap derivative contracts	—		548		—		548
Total assets	$	55,056	$	74,311	$	—	$	129,367
Liabilities:
Foreign exchange derivative contracts (Designated)	$	—	$	(258)	$	—	$	(258)
Interest rate swap derivative contracts	—		(100)		—		(100)

Total liabilities	$	—	$	(358)	$	—	$	(358)


December 26, 2020	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	43,019	$	—	$	—	$	43,019


Marketable securities:
U.S. treasuries	40,726		—		—		40,726
Certificates of deposit	—		2,179		—		2,179
U.S. agency securities	—		575		—		575
Corporate bonds	—		24,330		—		24,330

	40,726		27,084		—		67,810
Foreign exchange derivative contracts	—		1,057		—		1,057
Interest rate swap derivative contracts	—		57		—		57
Total assets	$	83,745	$	28,198	$	—	$	111,943
Liabilities:

Interest rate swap derivative contracts	$	—	$	(87)	$	—	$	(87)
Contingent consideration	—		—		(4,012)		(4,012)
Total liabilities	$	—	$	(87)	$	(4,012)	$	(4,099)

The following table provides information about our foreign currency forward contracts outstanding as of September 25, 2021 (in thousands):


Currency	Contract Position	Contract Amount (Local Currency)	Contract Amount (U.S. Dollars)
Euro Dollar	Buy	(11,900)	$	(14,245)
Euro Dollar	Sell	2,520	2,953
Japanese Yen	Sell	1,992,865	17,994
Korean Won	Buy	(2,513,139)	(2,138)
Taiwan Dollar	Sell	7,440	269

Total USD notional amount of outstanding foreign exchange contracts			$	4,833