XML 30 R24.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Investments Available for Sale (Tables)
 3 Months Ended
Mar. 29, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments Available for Sale and Related Fair Value Measurement

Investments available for sale (“AFS”) and the related fair value measurement consisted of the following (dollars in thousands):

 

 

 

March 29, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

 

Level 1

 

 

Level 2

 

Commercial paper

 

$

4,522

 

 

$

3

 

 

$

(1

)

 

$

4,524

 

 

$

—

 

 

$

4,524

 

Certificates of deposit

 

 

2,017

 

 

 

2

 

 

 

—

 

 

 

2,019

 

 

 

—

 

 

 

2,019

 

U.S. Treasury securities

 

 

15,432

 

 

 

—

 

 

 

(78

)

 

 

15,354

 

 

 

15,354

 

 

 

—

 

U.S. agency securities

 

 

1,732

 

 

 

—

 

 

 

(3

)

 

 

1,729

 

 

 

—

 

 

 

1,729

 

Corporate debt securities

 

 

4,462

 

 

 

4

 

 

 

(4

)

 

 

4,462

 

 

 

—

 

 

 

4,462

 

Total investments AFS

 

$

28,165

 

 

$

9

 

 

$

(86

)

 

$

28,088

 

 

$

15,354

 

 

$

12,734

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 29, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

 

Level 1

 

 

Level 2

 

Commercial paper

 

$

7,720

 

 

$

9

 

 

$

—

 

 

$

7,729

 

 

$

—

 

 

$

7,729

 

Certificates of deposit

 

 

3,716

 

 

 

4

 

 

 

—

 

 

 

3,720

 

 

 

—

 

 

 

3,720

 

U.S. Treasury securities

 

 

23,036

 

 

 

3

 

 

 

(56

)

 

 

22,983

 

 

 

22,983

 

 

 

—

 

U.S. agency securities

 

 

3,423

 

 

 

—

 

 

 

(4

)

 

 

3,419

 

 

 

—

 

 

 

3,419

 

Corporate debt securities

 

 

11,538

 

 

 

12

 

 

 

(10

)

 

 

11,540

 

 

 

—

 

 

 

11,540

 

Total investments AFS

 

$

49,433

 

 

$

28

 

 

$

(70

)

 

$

49,391

 

 

$

22,983

 

 

$

26,408

 
Summary of Fair Value of Investments Available for Sale by Contractual Maturity

The following table shows the fair value of investments AFS by contractual maturity (dollars in thousands):

 

 

 

As of March 29, 2024

 

 

 

Within one year

 

 

After one year through five years

 

 

 

Total

 

Commercial paper

 

$

4,524

 

 

$

—

 

 

 

$

4,524

 

Certificates of deposit

 

 

2,019

 

 

 

—

 

 

 

 

2,019

 

U.S. Treasury securities

 

 

9,816

 

 

 

5,538

 

 

 

 

15,354

 

U.S. agency securities

 

 

1,729

 

 

 

—

 

 

 

 

1,729

 

Corporate debt securities

 

 

3,037

 

 

 

1,425

 

 

 

 

4,462

 

Total investments AFS

 

$

21,125

 

 

$

6,963

 

 

 

$

28,088