Short-Term Investments (Tables)

6 Months Ended

Jun. 28, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Debt Securities

As of June 28, 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	$	116,209	$	3	$	(178)	$	116,034
Corporate bonds	76,638		6		(52)		76,592
Commercial paper instruments	3,574		—		(1)		3,573
Asset-backed securities	2,578		—		(6)		2,572
Total short-term investments	$	198,999	$	9	$	(237)	$	198,771

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

	Second Quarter		First Half
(in thousands)	2024		2024
Gross realized gains	$	—	$	—
Gross realized losses	—		—
Proceeds	15,527		16,643