Marketable Securities and Investments

12 Months Ended

Jan. 02, 2022

Marketable Securities [Abstract]

Marketable Securities and Investments

Marketable Securities and Investments

 Investments consisted of the following:

 

	January 2, 2022		January 3, 2021
	(In thousands)
Marketable securities	$	53,073	$	2,154
Equity investments	31,514		48,626
	$	84,587	$	50,780

Marketable securities. Marketable securities include equity and fixed-income securities. The net unrealized holding gain and loss on marketable securities, net of deferred income taxes, reported as a component of other comprehensive income (loss) in the consolidated statements of stockholders' equity, was not material in fiscal years 2021 and 2020. The proceeds from the sales of securities and the related gains and losses are not material for any period presented.

Marketable securities classified as available for sale consisted of the following:

	Market Value		Gross Unrealized Holding
			Cost		Gains		(Losses)
			(In thousands)
January 2, 2022
Equity securities	$	51,418	$	51,418	$	—	$	—
Fixed-income securities	7		7		—		—
Other	1,648		1,711		—		(63)
	$	53,073	$	53,136	$	—	$	(63)
January 3, 2021
Equity securities	$	203	$	584	$	—	$	(381)
Fixed-income securities	7		7		—		—
Other	1,944		2,007		—		(63)
	$	2,154	$	2,598	$	—	$	(444)

Equity investments. The Company has equity interests in privately-held entities over which the Company neither has significant influence nor control.

Equity investments without readily determinable fair values as of January 2, 2022 and January 3, 2021 consisted of the following:

	January 2, 2022		January 3, 2021
	(In thousands)
Equity investments, carried at cost minus impairment, if any	$	30,176	$	27,438
Equity investments, carried at fair value	1,338		21,188
	$	31,514	$	48,626

The amount of upward adjustments during fiscal years 2021, 2020 and 2019 were $19.6 million, $0.04 million and $8.2 million, respectively. The cumulative amount of upward adjustments as of January 2, 2022 and January 3, 2021 was $27.8 million and $8.2 million, respectively. The amount of impairments and downward adjustments during fiscal year 2021 and fiscal year 2019 were $0.1 million and $4.9 million, respectively. The cumulative amount of impairments and downward adjustments as of January 2, 2022 and January 3, 2021 was $5.0 million and $4.9 million, respectively.