Fair Value (Tables)

9 Months Ended

Oct. 02, 2021

Fair Value Disclosures [Abstract]

Schedule of fair value measurements

The following table presents the items measured at fair value as of October 2, 2021 and December 31, 2020:

	Fair Value
	October 2, 2021		December 31, 2020
Cash and cash equivalents:
Money market fund (Level 1)	$	—	197,835
Short-term investments:
Short-term investments (Level 1) (1)	—		571,741

(1) The Company’s short-term investments at December 31, 2020 consisted of short-duration bond funds and managed income funds that are designed to deliver current income consistent with the preservation of capital through investing in high-and medium grade fixed income securities. The investments were readily convertible into cash.