Fair Value and Derivative Instruments (Tables)

3 Months Ended

Apr. 01, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis were as follows (in thousands): 

April 1, 2023	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	44,777	$	—	$	—	$	44,777
Commercial paper	—		4,475		—		4,475
	44,777		4,475		—		49,252
Marketable securities:
U.S. treasuries	25,144		—		—		25,144
Certificates of deposit	—		471		—		471
U.S. agency securities	—		13,062		—		13,062
Corporate bonds	—		53,899		—		53,899
Commercial paper	—		31,315		—		31,315
	25,144		98,747		—		123,891
Foreign exchange derivative contracts	—		763		—		763
Promissory note receivable	—		—		943		943
Interest rate swap derivative contracts	—		2,041		—		2,041
Total assets	$	69,921	$	106,026	$	943	$	176,890
Liabilities:
Interest rate swap derivative contracts	$	—	$	(2)	$	—	$	(2)
Total liabilities	$	—	$	(2)	$	—	$	(2)

December 31, 2022	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	21,279	$	—	$	—	$	21,279
Commercial paper	—		4,969		—		4,969
U.S. agency securities	—		996		—		996
	21,279		5,965		—		27,244
Marketable securities:
U.S. treasuries	25,019		—		—		25,019
Certificates of deposit	—		706		—		706
U.S. agency securities	—		11,045		—		11,045
Corporate bonds	—		67,396		—		67,396
Commercial paper	—		24,840		—		24,840
	25,019		103,987		—		129,006
Foreign exchange derivative contracts	—		664		—		664
Promissory note receivable	—		—		943		943
Interest rate swap derivative contracts	—		2,374		—		2,374
Total assets	$	46,298	$	112,990	$	943	$	160,231
Liabilities:
Foreign exchange derivative contracts	$	—	$	(193)	$	—	$	(193)
Total liabilities	$	—	$	(193)	$	—	$	(193)

Schedule of Foreign Currency Forward Contracts

The following table provides information about our foreign currency forward contracts outstanding as of April 1, 2023 (in thousands):

Currency	Contract Position	Contract Amount (Local Currency)	Contract Amount (U.S. Dollars)
Euro Dollar	Buy	23,004	$	24,250
Euro Dollar	Sell	2,356	2,472
Japanese Yen	Sell	3,227,282	24,377
Korean Won	Buy	1,751,490	1,355
Taiwan Dollar	Sell	43,413	1,435