INVESTMENTS IN SECURITIES

6 Months Ended

Jun. 28, 2020

Investments, Debt and Equity Securities [Abstract]

The Company recognizes investments in available-for-sale securities as cash equivalents, current investments or long-term investments depending upon each security's length to maturity. Additionally, those securities identified by management at the time of purchase for funding operations in less than one year are classified as current.

The following table summarizes our investments in available-for-sale securities:


	June 28, 2020						December 29, 2019
	Cost		Fair Value		Cost		Fair Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	31,019	$	31,019	$	159,623	$	159,623
Other	35,301		35,301		—		—

Securities classified as cash and cash equivalents mature within 90 days. Securities classified as short-term investments mature between 91 and 365 days. Securities classified as long-term investments mature after 365 days. The specific identification method is used to determine the cost of each security sold and each amount reclassified out of accumulated other comprehensive loss to earnings. Gross realized gains during the three months ended and six months ended June 28, 2020 related to the Company’s available-for-sale securities totaled $1.0 million and $2.4 million while gross realized losses were immaterial. Gross realized gains during the three months ended and six months ended June 30, 2019 related to the Company’s available-for-sale securities totaled $2.9 million and $5.1 million while gross realized losses were immaterial. Proceeds received from the sale or maturity of available-for-sale securities recognized as either short or long-term investments are historically disclosed in the Condensed Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during the six months ended June 28, 2020 and June 30, 2019 that have been included in accumulated other comprehensive loss and the net amount of gains and losses reclassified out of accumulated other comprehensive loss to earnings during the six months ended June 28, 2020 and June 30, 2019 are disclosed in “Note 14. Stockholders’ Equity”.