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Fair Value and Derivative Instruments (Tables) | 6 Months Ended
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Jul. 01, 2023
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):
July 1, 2023 |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |
Money market funds |  | $ | 30,179 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,179 |
U.S. treasuries |  | 1,691 |  |  | — |  |  | — |  |  | 1,691 |
|  | 31,870 |  |  | — |  |  | — |  |  | 31,870 |
Marketable securities: |  |  |  |  |  |  |  |
U.S. treasuries |  | 46,803 |  |  | — |  |  | — |  |  | 46,803 |
Certificates of deposit |  | — |  |  | 235 |  |  | — |  |  | 235 |
U.S. agency securities |  | — |  |  | 14,733 |  |  | — |  |  | 14,733 |
Corporate bonds |  | — |  |  | 53,097 |  |  | — |  |  | 53,097 |
Commercial paper |  | — |  |  | 24,075 |  |  | — |  |  | 24,075 |
|  | 46,803 |  |  | 92,140 |  |  | — |  |  | 138,943 |
Foreign exchange derivative contracts |  | — |  |  | 549 |  |  | — |  |  | 549 |
Promissory note receivable |  | — |  |  | — |  |  | 926 |  |  | 926 |
Interest rate swap derivative contracts |  | — |  |  | 2,263 |  |  | — |  |  | 2,263 |
Total assets |  | $ | 78,673 |  |  | $ | 94,952 |  |  | $ | 926 |  |  | $ | 174,551 |
Liabilities: |  |  |  |  |  |  |  |
Foreign exchange derivative contracts |  | $ | — |  |  | $ | (60) |  |  | $ | — |  |  | $ | (60) |
Total liabilities |  | $ | — |  |  | $ | (60) |  |  | $ | — |  |  | $ | (60) |
December 31, 2022 |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |
Money market funds |  | $ | 21,279 |  |  | $ | — |  |  | $ | — |  |  | $ | 21,279 |
Commercial paper |  | — |  |  | 4,969 |  |  | — |  |  | 4,969 |
U.S. agency securities |  | — |  |  | 996 |  |  | — |  |  | 996 |
|  | 21,279 |  |  | 5,965 |  |  | — |  |  | 27,244 |
Marketable securities: |  |  |  |  |  |  |  |
U.S. treasuries |  | 25,019 |  |  | — |  |  | — |  |  | 25,019 |
Certificates of deposit |  | — |  |  | 706 |  |  | — |  |  | 706 |
U.S. agency securities |  | — |  |  | 11,045 |  |  | — |  |  | 11,045 |
Corporate bonds |  | — |  |  | 67,396 |  |  | — |  |  | 67,396 |
Commercial paper |  | — |  |  | 24,840 |  |  | — |  |  | 24,840 |
|  | 25,019 |  |  | 103,987 |  |  | — |  |  | 129,006 |
Foreign exchange derivative contracts |  | — |  |  | 664 |  |  | — |  |  | 664 |
Promissory note receivable |  | — |  |  | — |  |  | 943 |  |  | 943 |
Interest rate swap derivative contracts |  | — |  |  | 2,374 |  |  | — |  |  | 2,374 |
Total assets |  | $ | 46,298 |  |  | $ | 112,990 |  |  | $ | 943 |  |  | $ | 160,231 |
Liabilities: |  |  |  |  |  |  |  |
Foreign exchange derivative contracts |  | $ | — |  |  | $ | (193) |  |  | $ | — |  |  | $ | (193) |
Total liabilities |  | $ | — |  |  | $ | (193) |  |  | $ | — |  |  | $ | (193) |
Schedule of Foreign Currency Forward Contracts | The following table provides information about our foreign currency forward contracts outstanding as of July 1, 2023 (in thousands):
Currency |  | Contract Position |  | Contract Amount (Local Currency) |  | Contract Amount (U.S. Dollars)
Euro Dollar |  | Buy |  | 18,558 |  |  | $ | 19,903 |
Euro Dollar |  | Sell |  | 1,077 |  |  | 1,176 |
Japanese Yen |  | Sell |  | 3,104,537 |  |  | 21,583 |
Korean Won |  | Buy |  | 1,258,185 |  |  | 962 |
Taiwan Dollar |  | Sell |  | 31,197 |  |  | 1,001 |

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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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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