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Fair Value Measurements (Tables)
 9 Months Ended
Oct. 03, 2021
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 as of October 3, 2021 and December 31, 2020:

 

 

 

As of October 3, 2021

 

 

 

Total

 

 

Quoted market

prices in active

markets

(Level 1)

 

 

Significant

other

observable

inputs

(Level 2)

 

 

Significant

unobservable

inputs

(Level 3)

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

140,130

 

 

$

140,130

 

 

$

—

 

 

$

—

 

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

 

 

1,498

 

 

 

—

 

 

 

172

 

 

 

1,326

 

Available-for-sale investments: corporate equity securities(1)

 

 

668

 

 

 

668

 

 

 

—

 

 

 

—

 

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

 

 

145

 

 

 

—

 

 

 

145

 

 

 

—

 

Trading securities: mutual funds(1)

 

 

6,617

 

 

 

6,617

 

 

 

—

 

 

 

—

 

Foreign currency forward contracts(2)

 

 

1,016

 

 

—

 

 

 

1,016

 

 

 

—

 

Long-term investments: convertible debt securities(3)

 

 

346

 

 

 

—

 

 

 

346

 

 

 

—

 

Total assets measured at fair value

 

$

150,420

 

 

$

147,415

 

 

$

1,679

 

 

$

1,326

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(4)

 

$

117

 

 

$

—

 

 

$

117

 

 

$

—

 

Total liabilities measured at fair value

 

$

117

 

 

$

—

 

 

$

117

 

 

$

—

 

 

 

 

 

As of December 31, 2020

 

 

 

Total

 

 

Quoted market

prices in active

markets

(Level 1)

 

 

Significant

other

observable

inputs

(Level 2)

 

 

Significant

unobservable

inputs

(Level 3)

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

158,054

 

 

$

158,054

 

 

$

—

 

 

$

—

 

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

 

 

1,326

 

 

 

—

 

 

 

—

 

 

 

1,326

 

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

 

 

165

 

 

 

—

 

 

 

165

 

 

 

—

 

Trading securities: mutual funds(1)

 

 

5,368

 

 

 

5,368

 

 

 

—

 

 

 

—

 

Foreign currency forward contracts(2)

 

 

324

 

 

—

 

 

 

324

 

 

 

—

 

Total assets measured at fair value

 

$

165,237

 

 

$

163,422

 

 

$

489

 

 

$

1,326

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(4)

 

$

2,382

 

 

$

—

 

 

$

2,382

 

 

$

—

 

Contingent consideration(5)

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

3,000

 

Total liabilities measured at fair value

 

$

5,382

 

 

$

—

 

 

$

2,382

 

 

$

3,000

 

 

(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 non-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.

(5)

Included in Other non-current accrued liabilities on the Company's unaudited condensed consolidated balance sheets. The contingent consideration represents the estimated fair value of the additional variable cash consideration payable in connection with the acquisition of Meural in August 2018 that is contingent upon the achievement of certain technical and service revenue milestones.