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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 29, 2024
Fair Value Disclosures [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize assets and liabilities measured at fair value on a recurring basis:

 

 

 

September 29, 2024

 

(In thousands)

 

Total

 

 

Quoted market
prices in active
markets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

110,859

 

 

$

110,859

 

 

$

—

 

Available-for-sale investments: U.S. treasury securities(1)

 

 

119,094

 

 

 

—

 

 

 

119,094

 

Trading securities: mutual funds(1)

 

 

2,871

 

 

 

2,871

 

 

 

—

 

Foreign currency forward contracts(2)

 

 

245

 

 

—

 

 

 

245

 

Total assets measured at fair value

 

$

233,069

 

 

$

113,730

 

 

$

119,339

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(3)

 

$

1,267

 

 

$

—

 

 

$

1,267

 

Total liabilities measured at fair value

 

$

1,267

 

 

$

—

 

 

$

1,267

 

 

 

 

December 31, 2023

 

(In thousands)

 

Total

 

 

Quoted market
prices in active
markets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

25,986

 

 

$

25,986

 

 

$

—

 

Available-for-sale investments: U.S. treasury securities(1)

 

 

98,454

 

 

 

—

 

 

 

98,454

 

Trading securities: mutual funds(1)

 

 

8,304

 

 

 

8,304

 

 

 

—

 

Available-for-sale investments: convertible debt securities(1)

 

 

173

 

 

 

—

 

 

 

173

 

Foreign currency forward contracts(2)

 

 

291

 

 

—

 

 

 

291

 

Total assets measured at fair value

 

$

133,208

 

 

$

34,290

 

 

$

98,918

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(3)

 

$

1,691

 

 

$

—

 

 

$

1,691

 

Total liabilities measured at fair value

 

$

1,691

 

 

$

—

 

 

$

1,691

 

 

 

(1)
Included in Short-term investments on the Company’s unaudited condensed consolidated balance sheets.
(2)
Included in Prepaid expenses and other current assets on the Company’s unaudited condensed consolidated balance sheets.
(3)
Included in Other accrued liabilities on the Company's unaudited condensed consolidated balance sheets.