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Fair Value and Derivative Instruments (Tables)

6 Months Ended

Jun. 29, 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): 

June 29, 2024						Level 1						Level 2												Total
Assets:
Cash equivalents:
Money market funds						$	132,315					$	—											$	132,315
U.S. treasuries						1,698						—												1,698
Commercial paper						—						4,483												4,483
U.S. agency securities						—						994												994
						134,013						5,477												139,490
Marketable securities:
U.S. treasuries						61,305						—												61,305
U.S. agency securities						—						12,026												12,026
Corporate bonds						—						75,090												75,090
Commercial paper						—						13,289												13,289
						61,305						100,405												161,710
Interest rate swap derivative contracts						—						2,137												2,137
Total assets						$	195,318					$	108,019											$	303,337
Liabilities:
Foreign exchange derivative contracts						$	—					$	(195)											$	(195)
Total liabilities						$	—					$	(195)											$	(195)

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 contracts						—						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 June 29, 2024 (in thousands):

Currency						Contract Position						Contract Amount (Local Currency)						Contract Amount (U.S. Dollars)
Euro						Buy						29,118						$	31,562
Japanese Yen						Sell						2,422,207						15,125
Korean Won						Buy						3,986,488						2,890
Taiwan Dollar						Sell						96,108						2,959

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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/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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X

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

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