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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 28, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Foreign Currency Forward Contracts Outstanding

The following table provides information about our foreign currency forward contracts outstanding as of December 28, 2024 (in thousands):

Currency						Contract Position						Contract Amount (Local Currency)						Contract Amount (U.S. Dollars)
Euro						Buy						31,463						$	34,149
Japanese Yen						Sell						3,523,717						22,397
Korean Won						Buy						2,809,799						1,909
Taiwan Dollar						Sell						117,405						3,586

The location and amount of gains (losses) related to foreign currency derivative instruments designated as cash flow hedges on our Consolidated Statements of Income was as follows (in thousands):

						Amount of Gain or (Loss) Recognized in AOCL on Derivative						Location of Gain or (Loss) Reclassified from AOCL into Income						Amount of Gain or (Loss) Reclassified from AOCL into Income
Fiscal 2024						$	(2,023)					Cost of revenues						$	(389)
												Research and development						(141)
												Selling, general and administrative						(98)
																		$	(628)
Fiscal 2023						$	160					Cost of revenues						$	222
												Research and development						75
												Selling, general and administrative						80
																		$	377
Fiscal 2022						$	(1,688)					Cost of revenues						$	(1,816)
												Research and development						(376)
												Selling, general and administrative						(456)
																		$	(2,648)

Schedule of Non-designated Derivative Gains (Losses)

The location and amount of gains related to non-designated derivative instruments in the Consolidated Statements of Income were as follows (in thousands):

Derivatives Not Designated as Hedging Instruments						Location of Gain Recognized						Fiscal Year Ended
												December 28, 2024						December 30, 2023						December 31, 2022
Foreign exchange forward contracts						Other income (expense), net						$	2,225					$	2,504					$	2,439

Schedule of the Impact of Cash Flow Hedges on Consolidated Financial Statements

The impact of the interest rate swaps on the Consolidated Statements of Income was as follows (in thousands):

						Amount of Gain Recognized in AOCL on Derivative (Effective Portion)						Location of Gain Reclassified from AOCL into Income (Effective Portion)						Amount of Gain Reclassified from AOCL into Income (Effective Portion)
Fiscal 2024						$	638					Other income (expense), net						$	602
Fiscal 2023						230						Other income (expense), net						615
Fiscal 2022						1,906						Other income (expense), net						106

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- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
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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.

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-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

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