Fair Value Measures and Disclosures (Tables)

3 Months Ended

Apr. 02, 2022

Fair Value Disclosures [Abstract]

Fair value, assets measured on recurring basis

The following tables sets forth the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

As of April 2, 2022	Level 1		Level 2		Total
Money market funds	$	805	$	—	$	805
U.S. government securities	91,226		—		91,226
Commercial paper	—		78,418		78,418
U.S. government agency securities	—		10,410		10,410
Municipal securities	—		3,986		3,986
Corporate debt securities	—		2,011		2,011
	$	92,031	$	94,825	$	186,856

As of December 31, 2021	Level 1		Level 2		Total
Money market funds	$	2,320	$	—	$	2,320
U.S. government securities	60,279		—		60,279
Commercial paper	—		102,394		102,394
U.S. government agency securities	—		5,527		5,527
Corporate debt securities	—		4,565		4,565
Municipal securities	—		2,808		2,808
	$	62,599	$	115,294	$	177,893