Fair Value of Financial Instruments (Tables)

3 Months Ended

Jun. 29, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Assets and Liabilities

The following summarizes the fair value of our financial instruments at June 29, 2024 (in thousands):

	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
Assets:
Cash equivalents
Money market funds	$	429,663	$	—	$	—	$	429,663
Available-for-sale securities
Corporate debt securities	$	—	$	239,632	$	—	$	239,632
U.S. Treasury securities	12,320		—		—		12,320
Agency discount notes	—		378		—		378
Commercial paper	—		877		—		877
	$	12,320	$	240,887	$	—	$	253,207

The following summarizes the fair value of our financial instruments at March 30, 2024 (in thousands):

	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
Assets:
Cash equivalents
Money market funds	$	439,065	$	—	$	—	$	439,065
Certificates of deposit	—		400		—		400
	$	439,065	$	400	$	—	$	439,465
Available-for-sale securities
Corporate debt securities	$	—	$	185,393	$	—	$	185,393
U.S. Treasury securities	9,769		—		—		9,769
Agency discount notes	—		1,124		—		1,124
Commercial paper	—		866		—		866
	$	9,769	$	187,383	$	—	$	197,152