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Balance Sheet Components (Tables)

9 Months Ended

Sep. 29, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule of Amortized Cost and Estimated Fair Market Value of Investments Classified as Available-for-Sale Excluding Cash Equivalents

Amortized cost and estimated fair market value of investments classified as available-for-sale, excluding cash equivalents, as of September 29, 2024 and December 31, 2023, were as follows:

		September 29, 2024
(In thousands)		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
U.S. treasury securities		$	118,733			$	361			$	—			$	119,094
Total		$	118,733			$	361			$	—			$	119,094

		December 31, 2023
(In thousands)		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
U.S. treasury securities		$	98,326			$	128			$	—			$	98,454
Convertible debt			173				—				—				173
Total		$	98,499			$	128			$	—			$	98,627

Schedule of Inventories

Inventories

(In thousands)		September 29, 2024				December 31, 2023
Raw materials		$	16,839			$	19,955
Finished goods			145,137				228,896
Total		$	161,976			$	248,851

Schedule of Property and Equipment, Net

Property and equipment, net

(In thousands)		September 29, 2024				December 31, 2023
Machinery and equipment		$	52,515			$	47,826
Furniture, fixtures, and leasehold improvements			19,705				18,205
Software			24,405				25,760
Computer equipment			5,355				5,458
Total property and equipment, gross			101,980				97,249
Accumulated depreciation			(91,340	)			(88,976	)
Total		$	10,640			$	8,273

Schedule of Other Non-Current Assets

Other non-current assets

(In thousands)		September 29, 2024				December 31, 2023
Non-current deferred income taxes		$	3,120			$	3,343
Long-term investments			8,492				8,367
Other			4,011				5,616
Total		$	15,623			$	17,326

Schedule of Changes in Carrying Value of Long-term Equity Investments

Long-term equity investments

The Company’s long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt securities and investments in limited partnership funds. The changes in the carrying value of equity investments without readily determinable fair values were as follows:

	Nine months ended
(In thousands)	September 29, 2024				October 1, 2023
Carrying value as of the beginning of the period (1)	$	6,053			$	6,053
Carrying value as of the end of the period (1)	$	6,053			$	6,053

(1)The balances excluded an investment in limited partnership funds of $2.4 million as of September 29, 2024, $2.2 million as of October 1, 2023, $2.3 million as of December 31, 2023, and $1.7 million as of December 31, 2022. Additionally, the balance excluded an investment in convertible debt securities of $0.2 million as of December 31, 2022.

Schedule of Other Accrued Liabilities

Other accrued liabilities

(In thousands)		September 29, 2024				December 31, 2023
Current operating lease liabilities		$	11,531			$	11,869
Sales and marketing			67,055				75,535
Warranty obligations			4,785				5,738
Sales returns(1)			31,860				34,824
Freight and duty			4,397				2,837
Other			35,565				37,281
Total		$	155,193			$	168,084

(1)Inventory expected to be received from future sales returns amounted to $15.2 million and $16.9 million as of September 29, 2024 and December 31, 2023, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $8.7 million and $9.7 million as of September 29, 2024 and December 31, 2023, respectively.

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