XML 83 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Cash, Cash Equivalents, and Investments (Tables)
 9 Months Ended
Sep. 29, 2019
Cash and Cash Equivalents [Abstract]  
Components of Cash, Cash Equivalents, and Investments
Cash, cash equivalents, and investments consisted of the following (in thousands):
 
September 29, 2019
 
December 31, 2018
Cash
$
105,620

 
$
104,655

Money market instruments
16,081

 
3,557

Cash and cash equivalents
121,701

 
108,212

Treasury bills
105,454

 
198,477

Asset-backed securities
89,576

 
78,407

Corporate bonds
87,209

 
137,871

Sovereign bonds
6,300

 
8,101

Municipal bonds
3,533

 
4,492

Current investments
292,072

 
427,348

Treasury bills
256,615

 
32,760

Corporate bonds
167,998

 
162,566

Asset-backed securities
56,816

 
53,631

Sovereign bonds
16,000

 
6,316

Agency bonds
5,905

 
5,921

Municipal bonds
1,307

 
845

Non-current investments
504,641

 
262,039

 
$
918,414

 
$
797,599
Summary of Available-for-Sale Investments
The following table summarizes the Company’s available-for-sale investments as of September 29, 2019 (in thousands):
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
Current:
 
 
 
 
 
 

Treasury bills
$
105,254

 
$
212

 
$
(12
)
 
$
105,454

Asset-backed securities
89,226

 
359

 
(9
)
 
89,576

Corporate bonds
86,990

 
222

 
(3
)
 
87,209

Sovereign bonds
6,286

 
14

 
—

 
6,300

Municipal bonds
3,535

 
—

 
(2
)
 
3,533

Non-current:
 
 
 
 
 
 

Treasury bills
255,441

 
1,253

 
(79
)
 
256,615

Corporate bonds
167,464

 
584

 
(50
)
 
167,998

Asset-backed securities
56,636

 
195

 
(15
)
 
56,816

Sovereign bonds
15,969

 
43

 
(12
)
 
16,000

Agency bonds
5,930

 
—

 
(25
)
 
5,905

Municipal bonds
1,300

 
7

 
—

 
1,307

 
$
794,031

 
$
2,889

 
$
(207
)
 
$
796,713
Gross Unrealized Losses and Fair Values for Available-for-Sale Investments
The following table summarizes the Company’s gross unrealized losses and fair values for available-for-sale investments in an unrealized loss position as of September 29, 2019 (in thousands):
 
Unrealized Loss Position For:
 
 
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Treasury bills
$
108,863

 
$
(91
)
 
$
—

 
$
—

 
$
108,863

 
$
(91
)
Corporate bonds
23,263

 
(17
)
 
20,713

 
(36
)
 
43,976

 
(53
)
Asset-backed securities
11,149

 
(15
)
 
8,093

 
(9
)
 
19,242

 
(24
)
Sovereign bonds
11,558

 
(12
)
 
—

 
—

 
11,558

 
(12
)
Agency bonds
5,905

 
(25
)
 
—

 
—

 
5,905

 
(25
)
Municipal bonds
—

 
—

 
343

 
(2
)
 
343

 
(2
)
 
$
160,738


$
(160
)

$
29,149


$
(47
)

$
189,887


$
(207
)
Effective Maturity Dates of Available-for-Sale Investments
The following table presents the effective maturity dates of the Company’s available-for-sale investments as of September 29, 2019 (in thousands):
 
<1 year
 
1-2 Years
 
2-3 Years
 
3-4 Years
 
4-5 Years
 
Total
Treasury bills
$
105,454

 
$
188,398

 
$
68,217

 
$
—

 
$
—

 
$
362,069

Corporate bonds
87,209

 
115,941

 
47,842

 
1,348

 
2,867

 
255,207

Asset-backed securities
89,576

 
21,425

 
26,142

 
7,633

 
1,616

 
146,392

Sovereign bonds
6,300

 
16,000

 
—

 
—

 
—

 
22,300

Agency bonds
—

 
—

 
5,905

 
—

 
—

 
5,905

Municipal bonds
3,533

 
—

 
1,307

 
—

 
—

 
4,840

 
$
292,072


$
341,764


$
149,413


$
8,981


$
4,483


$
796,713