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Fair Value and Derivative Instruments (Tables)
3 Months Ended
Mar. 29, 2025
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 29, 2025Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$65,074 $— $— $65,074 
U.S. treasuries1,598 — — 1,598 
Commercial paper— 999 — 999 
66,672 999 — 67,671 
Marketable securities:
 U.S. treasuries66,517 — — 66,517 
 U.S. agency securities— 15,180 — 15,180 
 Corporate bonds— 81,511 — 81,511 
 Commercial paper— 5,891 — 5,891 
66,517 102,582 — 169,099 
Foreign exchange derivative contracts— 280 — 280 
Promissory note receivable— — 1,516 1,516 
Interest rate swap derivative contracts— 1,740 — 1,740 
Total assets$133,189 $105,601 $1,516 $240,306 
Liabilities:
Foreign exchange derivative contracts$— $(42)$— $(42)
Total liabilities$— $(42)$— $(42)

December 28, 2024Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$131,519 $— $— $131,519 
Marketable securities:
 U.S. treasuries71,252 — — 71,252 
 U.S. agency securities— 13,869 — 13,869 
 Corporate bonds— 83,176 — 83,176 
 Commercial paper— 998 — 998 
71,252 98,043 — 169,295 
Promissory note receivable— — 1,512 1,512 
Interest rate swap derivative contracts— 2,025 — 2,025 
Total assets$202,771 $100,068 $1,512 $304,351 
Liabilities:
Foreign exchange derivative contracts$— $(1,141)$— $(1,141)
Total liabilities$— $(1,141)$— $(1,141)
Schedule of Foreign Currency Forward Contracts
The following table provides information about our foreign currency forward contracts outstanding as of March 29, 2025 (in thousands):
CurrencyContract PositionContract Amount
(Local Currency)
Contract Amount
(U.S. Dollars)
EuroBuy31,412 $34,001 
Japanese YenSell1,236,544 8,265 
Korean WonBuy2,140,919 1,463 
Taiwan DollarSell117,600 3,549