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Fair Value Measurements (Tables)
 3 Months Ended
Apr. 02, 2023
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:

 

 

 

April 2, 2023

 

(In thousands)

 

Total

 

 

Quoted market
prices in active
markets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

12,151

 

 

$

12,151

 

 

$

—

 

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

 

 

88,457

 

 

 

—

 

 

 

88,457

 

Trading securities: mutual funds(1)

 

 

7,389

 

 

 

7,389

 

 

 

—

 

Available-for-sale investments: convertible debt securities(2)

 

 

346

 

 

 

—

 

 

 

346

 

Foreign currency forward contracts(3)

 

 

851

 

 

—

 

 

 

851

 

Total assets measured at fair value

 

$

109,194

 

 

$

19,540

 

 

$

89,654

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(4)

 

$

243

 

 

$

—

 

 

$

243

 

Total liabilities measured at fair value

 

$

243

 

 

$

—

 

 

$

243

 

 

 

 

 

December 31, 2022

 

(In thousands)

 

Total

 

 

Quoted market
prices in active
markets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

25,744

 

 

$

25,744

 

 

$

—

 

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

 

 

73,800

 

 

 

—

 

 

 

73,800

 

Trading securities: mutual funds(1)

 

 

6,946

 

 

 

6,946

 

 

 

—

 

Available-for-sale investments: certificates of deposit(1)

 

 

6

 

 

 

—

 

 

 

6

 

Available-for-sale investments: convertible debt securities(2)

 

 

346

 

 

 

—

 

 

 

346

 

Foreign currency forward contracts(3)

 

 

652

 

 

—

 

 

 

652

 

Total assets measured at fair value

 

$

107,494

 

 

$

32,690

 

 

$

74,804

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(4)

 

$

4,083

 

 

$

—

 

 

$

4,083

 

Total liabilities measured at fair value

 

$

4,083

 

 

$

—

 

 

$

4,083

 

 

 

(1)
Included in Short-term investments on the Company's unaudited condensed consolidated balance sheets.
(2)
On the Company’s unaudited condensed consolidated balance sheets, $173,000 included in Short-term investments and the remaining included in Other non-current assets as of April 2, 2023 and December 31, 2022, respectively.
(3)
Included in Prepaid expenses and other current assets on the Company's unaudited condensed consolidated balance sheets.
(4)
Included in Other accrued liabilities on the Company's unaudited condensed consolidated balance sheets.