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Marketable Securities - (Tables)
3 Months Ended
Mar. 29, 2025
Marketable Securities [Abstract]  
Schedule of Marketable Securities by Category

At March 29, 2025 and December 28, 2024, marketable securities are categorized as follows:

 

 

 

Amortized Cost

 

 

Gross Unrealized Holding Gains

 

 

Gross Unrealized Holding Losses

 

 

Fair Value

 

 

 

(in thousands)

 

March 29, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Government notes and bonds

 

$

272,438

 

 

$

552

 

 

$

109

 

 

$

272,881

 

Certificates of deposit

 

 

87,180

 

 

 

52

 

 

 

8

 

 

 

87,224

 

Commercial paper

 

 

151,630

 

 

 

45

 

 

 

24

 

 

 

151,651

 

Corporate bonds

 

 

134,799

 

 

 

345

 

 

 

16

 

 

 

135,128

 

Total marketable securities

 

$

646,047

 

 

$

994

 

 

$

157

 

 

$

646,884

 

December 28, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Government notes and bonds

 

$

284,763

 

 

$

387

 

 

$

287

 

 

$

284,863

 

Certificates of deposit

 

 

73,390

 

 

 

49

 

 

 

18

 

 

 

73,421

 

Commercial paper

 

 

136,496

 

 

 

103

 

 

 

42

 

 

 

136,557

 

Corporate bonds

 

 

144,331

 

 

 

283

 

 

 

72

 

 

 

144,542

 

Total marketable securities

 

$

638,980

 

 

$

822

 

 

$

419

 

 

$

639,383

 

Schedule of Amortized Cost and Estimated Fair Value of Marketable Securities Classified by Maturity Date

The amortized cost and estimated fair value of marketable securities classified by the maturity date listed on the security, regardless of the Condensed Consolidated Balance Sheets classification, are as follows at March 29, 2025 and December 28, 2024:

 

 

 

March 29, 2025

 

 

December 28, 2024

 

 

 

Amortized Cost

 

 

Fair Value

 

 

Amortized Cost

 

 

Fair Value

 

 

 

(in thousands)

 

Due within one year

 

$

453,458

 

 

$

453,877

 

 

$

432,088

 

 

$

432,616

 

Due after one through five years

 

 

169,544

 

 

 

169,962

 

 

 

140,917

 

 

 

140,792

 

Due after five through ten years

 

 

235

 

 

 

235

 

 

 

235

 

 

 

235

 

Due after ten years

 

 

22,810

 

 

 

22,810

 

 

 

65,740

 

 

 

65,740

 

Total marketable securities

 

$

646,047

 

 

$

646,884

 

 

$

638,980

 

 

$

639,383

 

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]

The following table summarizes the estimated fair value and gross unrealized holding losses of marketable securities, aggregated by investment instrument and period of time in an unrealized loss position, at March 29, 2025 and December 28, 2024:

 

 

 

In Unrealized Loss Position For
Less Than 12 Months

 

 

In Unrealized Loss Position For
Greater Than 12 Months

 

 

 

Fair Value

 

 

Gross Unrealized Losses

 

 

Fair Value

 

 

Gross Unrealized Losses

 

 

 

(in thousands)

 

March 29, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Government notes and bonds

 

$

42,961

 

 

$

109

 

 

$

 

 

$

 

Certificates of deposit

 

 

26,790

 

 

 

8

 

 

 

 

 

 

 

Commercial paper

 

 

61,339

 

 

 

24

 

 

 

 

 

 

 

Corporate bonds

 

 

21,912

 

 

 

16

 

 

 

 

 

 

 

Total

 

$

153,002

 

 

$

157

 

 

$

 

 

$

 

December 28, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Government notes and bonds

 

$

37,636

 

 

$

287

 

 

$

 

 

$

 

Certificates of deposit

 

 

8,260

 

 

 

18

 

 

 

 

 

 

 

Commercial paper

 

 

18,317

 

 

 

42

 

 

 

 

 

 

 

Corporate bonds

 

 

13,260

 

 

 

71

 

 

 

3,200

 

 

 

1

 

Total

 

$

77,473

 

 

$

418

 

 

$

3,200

 

 

$

1