INVESTMENTS IN SECURITIES

9 Months Ended

Sep. 29, 2024

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:


	September 29, 2024				December 31, 2023
	Cost		Fair Value		Cost		Fair Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	1,729,474	$	1,729,636	$	324,808	$	324,947
Short-term investments:
Fixed income securities	10,000		10,099		—		—

Interest income and gross realized gains during the three and nine months ended September 29, 2024 related to the Company’s available-for-sale securities were $26.2 million and $47.2 million, while interest income and gross realized gains during the three and nine months ended September 24, 2023 were $5.8 million and $12.1 million. 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 nine months ended September 29, 2024 and September 24, 2023 that have been included in AOCI and the net amount of gains and losses reclassified out of AOCI to earnings during the nine months ended September 29, 2024 and September 24, 2023 are disclosed in “Note 13. Stockholders’ Equity.”