INVESTMENTS IN SECURITIES

6 Months Ended

Jun. 29, 2025

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 29, 2025				December 29, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	559,676	$	559,636	$	1,702,493	$	1,702,697
Short-term investments:
Fixed income securities	—		—		10,000		10,220

Interest income and gross realized gains during the three and six months ended June 29, 2025 related to the Company’s available-for-sale securities totaled $9.4 million and $33.3 million while the interest income and gross realized gains during the three and six months ended June 30, 2024 were $13.1 million and $21.1 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 six months ended June 29, 2025 and June 30, 2024 that have been included in AOCI and the net amount of gains and losses reclassified out of AOCI to earnings during the six months ended June 29, 2025 and June 30, 2024 are disclosed in “Note 13. Stockholders’ Equity.”