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Fair Value and Derivative Instruments (Tables)
6 Months Ended
Jun. 28, 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): 
June 28, 2025Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$15,972 $— $— $15,972 
Commercial paper— 2,985 — 2,985 
15,972 2,985 — 18,957 
Marketable securities:
 U.S. treasuries85,638 — — 85,638 
 U.S. agency securities— 14,808 — 14,808 
 Corporate bonds— 70,386 — 70,386 
 Commercial paper— 11,117 — 11,117 
85,638 96,311 — 181,949 
Foreign exchange derivative contracts— 1,627 — 1,627 
Promissory note receivable— — 1,515 1,515 
Interest rate swap derivative contracts— 1,585 — 1,585 
Total assets$101,610 $102,508 $1,515 $205,633 

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 June 28, 2025 (in thousands):
CurrencyContract PositionContract Amount
(Local Currency)
Contract Amount
(U.S. Dollars)
EuroBuy20,637 $22,656 
Japanese YenSell2,422,178 16,779 
Korean WonBuy1,803,550 1,333 
Taiwan DollarSell128,097 4,482