VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS - (Tables)

6 Months Ended

Jul. 01, 2023

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Venture capital investments are summarized below:

	Six Months Ended
	July 1, 2023		June 25, 2022
	(in thousands)
Beginning balance	$	129,012	$	149,640
Capital contributions	8,702		6,384
Distributions	(9,679)		(4,042)
Losses	(8,429)		(23,050)
Foreign currency translation	466		(1,065)
Ending balance	$	120,072	$	127,867

The Company also invests, with minority positions, directly in equity of predominantly privately held companies. Strategic investments are summarized below:

	Six Months Ended
	July 1, 2023		June 25, 2022
	(in thousands)
Beginning balance	$	182,590	$	51,712
Purchase of investments	13,710		102,220
Distributions	(4,146)		(151)
Gain (loss)	3,253		(465)
Reduction for acquisition of entity	(12,635)		—
Foreign currency translation	(2,563)		(2,112)
Ending balance	$	180,209	$	151,204