Fair Value Measurements (Tables)

6 Months Ended

Jun. 29, 2025

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:

	June 29, 2025
(In thousands)	Total		Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)
Assets:
Cash equivalents: money-market funds	$	114,933	$	114,933	$	—
Available-for-sale investments: U.S. treasury securities(1)		119,702		—		119,702
Trading securities: mutual funds(1)		2,750		2,750		—
Foreign currency forward contracts(2)		435	—			435
Total assets measured at fair value	$	237,820	$	117,683	$	120,137
Liabilities:
Foreign currency forward contracts(3)	$	1,694	$	—	$	1,694
Total liabilities measured at fair value	$	1,694	$	—	$	1,694

	December 31, 2024
(In thousands)	Total		Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)
Assets:
Cash equivalents: money-market funds	$	111,043	$	111,043	$	—
Available-for-sale investments: U.S. treasury securities(1)		119,370		—		119,370
Trading securities: mutual funds(1)		2,876		2,876		—
Foreign currency forward contracts(2)		1,053	—			1,053
Total assets measured at fair value	$	234,342	$	113,919	$	120,423
Liabilities:
Foreign currency forward contracts(3)	$	273	$	—	$	273
Total liabilities measured at fair value	$	273	$	—	$	273

(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.