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Investments Available for Sale (Tables)
12 Months Ended
Dec. 27, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments Available for Sale and Related Fair Value Measurement

During 2022, the Company started to invest its cash in investments AFS, in accordance with its investment policy. Investments AFS and the related fair value measurement consisted of the following (dollars in thousands):

 

 

December 27, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

 

Level 1

 

 

Level 2

 

Commercial paper

 

$

21,466

 

 

$

4

 

 

$

(2

)

 

$

21,468

 

 

$

 

 

$

21,468

 

Certificates of deposit

 

 

1,997

 

 

 

 

 

 

 

 

 

1,997

 

 

 

 

 

 

1,997

 

U.S. Treasury securities

 

 

11,356

 

 

 

3

 

 

 

(4

)

 

 

11,355

 

 

 

11,355

 

 

 

 

Corporate debt securities

 

 

51,527

 

 

 

14

 

 

 

(26

)

 

 

51,515

 

 

 

 

 

 

51,515

 

Total investments AFS

 

$

86,346

 

 

$

21

 

 

$

(32

)

 

$

86,335

 

 

$

11,355

 

 

$

74,980

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 29, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

 

Level 1

 

 

Level 2

 

Commercial paper

 

$

7,720

 

 

$

9

 

 

$

 

 

$

7,729

 

 

$

 

 

$

7,729

 

Certificates of deposit

 

 

3,716

 

 

 

4

 

 

 

 

 

 

3,720

 

 

 

 

 

 

3,720

 

U.S. Treasury securities

 

 

23,036

 

 

 

3

 

 

 

(56

)

 

 

22,983

 

 

 

22,983

 

 

 

 

U.S. agency securities

 

 

3,423

 

 

 

 

 

 

(4

)

 

 

3,419

 

 

 

 

 

 

3,419

 

Corporate debt securities

 

 

11,538

 

 

 

12

 

 

 

(10

)

 

 

11,540

 

 

 

 

 

 

11,540

 

Total investments AFS

 

$

49,433

 

 

$

28

 

 

$

(70

)

 

$

49,391

 

 

$

22,983

 

 

$

26,408

 

Summary of Fair Value of Investments Available for Sale by Contractual Maturity

The following table shows the fair value of investments AFS by contractual maturity (dollars in thousands):

 

 

 

As of December 27, 2024

 

 

 

Within one year

 

 

After one year through five years

 

 

Total

 

Commercial paper

 

$

21,468

 

 

$

 

 

$

21,468

 

Certificates of deposit

 

 

1,997

 

 

 

 

 

 

1,997

 

U.S. Treasury securities

 

 

11,355

 

 

 

 

 

 

11,355

 

Corporate debt securities

 

 

51,515

 

 

 

 

 

 

51,515

 

Total investments AFS

 

$

86,335

 

 

$

 

 

$

86,335