INVESTMENTS IN SECURITIES

6 Months Ended

Jun. 27, 2021

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


	June 27, 2021				December 27, 2020
	Cost		Fair Value		Cost		Fair Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	34,123	$	34,123	$	178,677	$	178,677

Gross realized gains during the three months ended and six months ended June 27, 2021 related to the Company’s available-for-sale securities totaled $0.8 million and $2.9 million while gross realized losses were immaterial. 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. Proceeds received from the sale or maturity of available-for-sale securities 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 27, 2021 and June 28, 2020 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 27, 2021 and June 28, 2020 are disclosed in “Note 12. Stockholders’ Equity”.