Short-Term Investments (Tables)

3 Months Ended

Mar. 29, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Debt Securities

As of March 29, 2024, the Company’s available-for-sale investments consisted of the following cost, unrealized positions and estimated fair value, disaggregated by class of instrument:

			Gross Unrealized
(in thousands)	Cost		Gains		Losses		Estimated Fair Value
U.S. Treasury securities	$	115,297	$	4	$	(176)	$	115,125
Corporate bonds	62,128		1		(53)		62,076
Commercial paper instruments	3,482		—		(2)		3,480
Asset-backed securities	2,964		—		(6)		2,958
Total short-term investments	$	183,871	$	5	$	(237)	$	183,639

The sale and/or maturity of available-for-sale investments resulted in the following realized activity during the first quarter of 2024:

	First Quarter
(in thousands)	2024
Gross realized gains	$	—
Gross realized losses	—
Proceeds	1,116