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Fair Value and Derivative Instruments (Tables) | 3 Months Ended
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Mar. 30, 2024
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):
March 30, 2024 |  | Level 1 |  | Level 2 |  |  |  | Total
Assets: |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |
Money market funds |  | $ | 116,991 |  |  | $ | — |  |  |  |  | $ | 116,991 |
U.S. treasuries |  | 999 |  |  | — |  |  |  |  | 999 |
Commercial paper |  | — |  |  | 2,991 |  |  |  |  | 2,991 |
|  | 117,990 |  |  | 2,991 |  |  |  |  | 120,981 |
Marketable securities: |  |  |  |  |  |  |  |
U.S. treasuries |  | 62,579 |  |  | — |  |  |  |  | 62,579 |
U.S. agency securities |  | — |  |  | 11,629 |  |  |  |  | 11,629 |
Corporate bonds |  | — |  |  | 75,880 |  |  |  |  | 75,880 |
Commercial paper |  | — |  |  | 12,775 |  |  |  |  | 12,775 |
|  | 62,579 |  |  | 100,284 |  |  |  |  | 162,863 |
Foreign exchange derivative contracts |  | — |  |  | 61 |  |  |  |  | 61 |
Interest rate swap derivative contract |  | — |  |  | 2,170 |  |  |  |  | 2,170 |
Total assets |  | $ | 180,569 |  |  | $ | 105,506 |  |  |  |  | $ | 286,075 |
Liabilities: |  |  |  |  |  |  |  |
Foreign exchange derivative contracts |  | $ | — |  |  | $ | (220) |  |  |  |  | $ | (220) |
Total liabilities |  | $ | — |  |  | $ | (220) |  |  |  |  | $ | (220) |
December 30, 2023 |  | Level 1 |  | Level 2 |  |  |  | Total
Assets: |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |
Money market funds |  | $ | 110,980 |  |  | $ | — |  |  |  |  | $ | 110,980 |
U.S. treasuries |  | 4,581 |  |  | — |  |  |  |  | 4,581 |
|  | 115,561 |  |  | — |  |  |  |  | 115,561 |
Marketable securities: |  |  |  |  |  |  |  |
U.S. treasuries |  | 45,837 |  |  | — |  |  |  |  | 45,837 |
U.S. agency securities |  | — |  |  | 10,003 |  |  |  |  | 10,003 |
Corporate bonds |  | — |  |  | 81,350 |  |  |  |  | 81,350 |
Commercial paper |  | — |  |  | 13,317 |  |  |  |  | 13,317 |
|  | 45,837 |  |  | 104,670 |  |  |  |  | 150,507 |
Foreign exchange derivative contracts |  | — |  |  | 284 |  |  |  |  | 284 |
Interest rate swap derivative contract |  | — |  |  | 1,989 |  |  |  |  | 1,989 |
Total assets |  | $ | 161,398 |  |  | $ | 106,943 |  |  |  |  | $ | 268,341 |
Liabilities: |  |  |  |  |  |  |  |
Foreign exchange derivative contracts |  | $ | — |  |  | $ | (30) |  |  |  |  | $ | (30) |
Total liabilities |  | $ | — |  |  | $ | (30) |  |  |  |  | $ | (30) |
Schedule of Foreign Currency Forward Contracts | The following table provides information about our foreign currency forward contracts outstanding as of March 30, 2024 (in thousands):
Currency |  | Contract Position |  | Contract Amount (Local Currency) |  | Contract Amount (U.S. Dollars)
Euro Dollar |  | Buy |  | 26,916 |  |  | $ | 29,357 |
Japanese Yen |  | Sell |  | 2,471,086 |  |  | 16,388 |
Korean Won |  | Buy |  | 3,168,510 |  |  | 2,357 |
Taiwan Dollar |  | Sell |  | 93,654 |  |  | 2,925 |

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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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- 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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
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