INVESTMENTS IN SECURITIES

6 Months Ended

Jun. 25, 2023

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS IN SECURITIESThe 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 25, 2023				December 25, 2022
	Cost		Fair Value		Cost		Fair Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	308,549	$	308,722	$	167,366	$	167,430

Gross realized gains during the three and six months ended June 25, 2023 related to the Company’s available-for-sale securities were $4.4 million and $6.3 million, respectively and gross realized gains during the three and six months ended June 26, 2022 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 25, 2023 and June 26, 2022 that have been included in accumulated other comprehensive income (loss) and the net amount of gains and losses reclassified out of accumulated other comprehensive income (loss) to earnings during the six months ended June 25, 2023 and June 26, 2022 are disclosed in “Note 13. Stockholders’ Equity.”