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Fair Value Measurements (Tables)
 9 Months Ended
Oct. 02, 2022
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:

 

 

 

October 2, 2022

 

(In thousands)

 

Total

 

 

Quoted market

prices in active

markets

(Level 1)

 

 

Significant

other

observable

inputs

(Level 2)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

14,961

 

 

$

14,961

 

 

$

—

 

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

 

 

93,569

 

 

 

—

 

 

 

93,569

 

Trading securities: mutual funds(1)

 

 

6,521

 

 

 

6,521

 

 

 

—

 

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)

 

 

2,828

 

 

—

 

 

 

2,828

 

Total assets measured at fair value

 

$

118,231

 

 

$

21,482

 

 

$

96,749

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(4)

 

$

459

 

 

$

—

 

 

$

459

 

Total liabilities measured at fair value

 

$

459

 

 

$

—

 

 

$

459

 

 

 

 

 

December 31, 2021

 

(In thousands)

 

Total

 

 

Quoted market

prices in active

markets

(Level 1)

 

 

Significant

other

observable

inputs

(Level 2)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

108,441

 

 

$

108,441

 

 

$

—

 

Trading securities: mutual funds(1)

 

 

6,814

 

 

 

6,814

 

 

 

—

 

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

 

 

751

 

 

 

751

 

 

 

—

 

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

 

 

6

 

 

 

—

 

 

 

6

 

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

 

 

518

 

 

 

—

 

 

 

518

 

Foreign currency forward contracts(3)

 

 

1,372

 

 

—

 

 

 

1,372

 

Total assets measured at fair value

 

$

117,902

 

 

$

116,006

 

 

$

1,896

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(4)

 

$

344

 

 

$

—

 

 

$

344

 

Total liabilities measured at fair value

 

$

344

 

 

$

—

 

 

$

344

 

 

 

(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 and $172,000 included in Short-term investments as of October 2, 2022 and December 31, 2021, respectively, and $173,000 and $346,000 included in Other non-current assets as of October 2, 2022 and December 31, 2021, 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.