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Fair Value and Derivative Instruments (Tables)

6 Months Ended

Jun. 25, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets Measured on Recurring Basis

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

June 25, 2022						Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents:
Money market funds						$	39,228					$	—					$	—					$	39,228
Commercial paper						—						3,393						—						3,393
U.S. agency securities						—						2,558						—						2,558
U.S. treasuries						1,995						—						—						1,995
						41,223						5,951						—						47,174
Marketable securities:
Corporate bonds						—						64,930						—						64,930
U.S. treasuries						35,894						—						—						35,894
Commercial paper						—						22,480						—						22,480
U.S. agency securities						—						5,912						—						5,912
Certificates of deposit						—						703						—						703
						35,894						94,025						—						129,919
Promissory note receivable						—						—						1,007						1,007
Interest rate swap derivative contracts						—						1,990						—						1,990
Total assets						$	77,117					$	101,966					$	1,007					$	180,090
Liabilities:
Foreign exchange derivative contracts						$	—					$	(1,146)					$	—					$	(1,146)

December 25, 2021						Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents:
Money market funds						$	9,526					$	—					$	—					$	9,526
U.S. agency securities						—						5,556						—						5,556
U.S. treasuries						2,500						—						—						2,500
Commercial paper						—						1,000						—						1,000
						12,026						6,556						—						18,582
Marketable securities:
Corporate bonds						—						52,709						—						52,709
U.S. treasuries						38,985						—						—						38,985
Commercial paper						—						32,162						—						32,162
Certificates of deposit						—						1,199						—						1,199
						38,985						86,070						—						125,055
Interest rate swap derivative contracts						—						629						—						629
Total assets						$	51,011					$	93,255					$	—					$	144,266
Liabilities:
Foreign exchange derivative contracts						$	—					$	(489)					$	—					$	(489)
Interest rate swap derivative contracts						—						(55)						—						(55)
Total liabilities						$	—					$	(544)					$	—					$	(544)

Schedule of Foreign Currency Forward Contracts

The following table provides information about our foreign currency forward contracts outstanding as of June 25, 2022 (in thousands):

Currency						Contract Position						Contract Amount (Local Currency)						Contract Amount (U.S. Dollars)
Euro Dollar						Buy						(21,445)						$	(24,117)
Japanese Yen						Sell						2,247,411						16,633
Korean Won						Buy						(1,010,988)						(779)
Taiwan Dollar						Sell						28,890						974
Total USD notional amount of outstanding foreign exchange contracts																		$	(7,289)

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- Definition

Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

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