XML 44 R33.htm IDEA: XBRL DOCUMENT v3.24.3
Cash, Cash Equivalents, and Investments (Tables)
 9 Months Ended
Sep. 29, 2024
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, 2024December 31, 2023
Cash$175,480 $183,242 
Certificate of deposit13,811 — 
Treasury bills7,122 — 
Money market instruments662 19,413 
Cash and cash equivalents197,075 202,655 
Corporate bonds84,503 124,851 
Asset-backed securities3,821 3,551 
Treasury notes2,479 — 
Sovereign bonds— 990 
Current investments90,803 129,392 
Corporate bonds264,695 183,965 
Treasury notes43,893 43,523 
Asset-backed securities9,708 15,763 
Sovereign bonds991 979 
Non-current investments319,287 244,230 
$607,165 $576,277 
Summary of Available-for-Sale Investments
The following table summarizes the Company’s available-for-sale investments as of September 29, 2024 (in thousands):
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Current:
Corporate bonds$85,309 $10 $(816)$84,503 
Asset-backed securities3,848 — (27)3,821 
Treasury notes2,501 — (22)2,479 
Non-current:
Corporate bonds263,582 2,978 (1,865)264,695 
Treasury notes43,465 428 — 43,893 
Asset-backed securities10,202 11 (505)9,708 
Sovereign bonds1,019 — (28)991 
$409,926 $3,427 $(3,263)$410,090 
The following table summarizes the Company’s available-for-sale investments as of December 31, 2023 (in thousands):
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Current:
Corporate bonds$128,150 $— $(3,299)$124,851 
Asset-backed securities3,637 — (86)3,551 
Sovereign bonds1,012 — (22)990 
Non-current:
Corporate bonds189,326 506 (5,867)183,965 
Treasury notes43,654 82 (213)43,523 
Asset-backed securities16,773 — (1,010)15,763 
Sovereign bonds1,037 — (58)979 
$383,589 $588 $(10,555)$373,622 
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, 2024 (in thousands):
 Unrealized Loss Position For: 
 Less than 12 Months12 Months or GreaterTotal
 Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Corporate bonds$30,018 $(80)$127,990 $(2,601)$158,008 $(2,681)
Asset-backed securities— — 10,019 (532)10,019 (532)
Treasury notes— — 2,479 (22)2,479 (22)
Sovereign bonds— — 991 (28)991 (28)
$30,018 $(80)$141,479 $(3,183)$171,497 $(3,263)
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 December 31, 2023 (in thousands):
 Unrealized Loss Position For: 
 Less than 12 Months12 Months or GreaterTotal
 Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Corporate bonds$30,770 $(359)$226,643 $(8,807)$257,413 $(9,166)
Treasury notes20,725 (153)2,441 (60)23,166 (213)
Asset-backed securities17,062 (1,049)2,252 (47)19,314 (1,096)
Sovereign bonds— — 1,968 (80)1,968 (80)
$68,557 $(1,561)$233,304 $(8,994)$301,861 $(10,555)
Realized Gain (Loss) on Investments
The following table summarizes the Company's gross realized gains and losses on the sale of debt securities for the three-month and nine-month periods ended September 29, 2024 and October 1, 2023 (in thousands):
Three-months EndedNine-months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Gross realized gains$— $109 $8 $109 
Gross realized losses— (733)(16)(733)
Net realized gains (losses)$— $(624)$(8)$(624)
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, 2024 (in thousands):
<1 year1-2 Years2-3 Years3-4 Years4-5 Years5-8 YearsTotal
Corporate bonds$84,503 $63,389 $72,754 $68,795 $59,757 $— $349,198 
Treasury notes2,479 1,967 23,982 17,944 — — 46,372 
Asset-backed securities3,821 3,974 — — 2,104 3,630 13,529 
Sovereign bonds— 991 — — — — 991 
$90,803 $70,321 $96,736 $86,739 $61,861 $3,630 $410,090