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Fair Value and Derivative Instruments (Tables)

3 Months Ended

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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- 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
-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

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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

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