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Investment Securities | 9 Months Ended
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Sep. 28, 2025
Investments, Debt and Equity Securities [Abstract] |
Investment Securities | Note 3. Investment Securities The following table summarizes the Company’s available-for-sale investment securities as of September 28, 2025:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Allowance for Credit Losses |  |  | Fair Value |
U.S. Treasury Bills |  | $ | 51,222 |  |  | $ | 35 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,257 |
Total |  | $ | 51,222 |  |  | $ | 35 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,257 |
The following table summarizes the Company’s available-for-sale investment securities as of December 29, 2024:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Allowance for Credit Losses |  |  | Fair Value |
U.S. corporate bonds and U.S. dollar denominated foreign bonds |  | $ | 9,702 |  |  | $ | 15 |  |  | $ | (25 | ) |  | $ | — |  |  | $ | 9,692 |
Total |  | $ | 9,702 |  |  | $ | 15 |  |  | $ | (25 | ) |  | $ | — |  |  | $ | 9,692 |
For the 13-week periods ended September 28, 2025 and September 29, 2024, there were no proceeds from the sale of available-for-sale securities. For the 39-week periods ended September 28, 2025 and September 29, 2024, proceeds from the sale of available-for-sale securities were $404 and $0, respectively. Actual maturities may differ from contractual maturities because some borrowers have the right to call or prepay obligations with or without call or prepayment penalties. The amortized cost and fair value of the Company’s investments in available-for-sale securities as of September 28, 2025 by contractual maturity are as follows:
|  | Amortized Cost |  |  | Fair Value |
Due within one year |  | $ | 51,222 |  |  | $ | 51,257 |
Due after one year through five years |  |  | — |  |  |  | — |
Total available-for-sale |  | $ | 51,222 |  |  | $ | 51,257 |
The following tables present the Company’s unrealized loss aging for available-for-sale securities by type and length of time the security was in a continuous unrealized loss position as of the periods presented:
|  | September 28, 2025 |
|  | Less than 12 months |  |  | 12 months or longer |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
U.S. Treasury Bills |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | December 29, 2024 |
|  | Less than 12 months |  |  | 12 months or longer |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
U.S. corporate bonds and U.S. dollar denominated foreign bonds |  | $ | — |  |  | $ | — |  |  | $ | 8,014 |  |  | $ | (25 | ) |  | $ | 8,014 |  |  | $ | (25 | )
Total |  | $ | — |  |  | $ | — |  |  | $ | 8,014 |  |  | $ | (25 | ) |  | $ | 8,014 |  |  | $ | (25 | )
As of September 28, 2025, there were no diversified issuances in the Company’s securities portfolio in an unrealized loss position. The Company does not believe there has been any significant decline in the creditworthiness of the issuers and the Company does not have liquidity needs that would necessitate a sale of any material investments prior to maturity. Therefore, the Company has no t recorded an allowance for credit losses on investment securities as of September 28, 2025. The fair value and location of all investment securities are included in “Fair Value Measurements” in Note 5 below.

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