Fair Value Measurements (Tables)

6 Months Ended

Jun. 29, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following tables sets forth the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

As of June 29, 2024	Level 1		Level 2		Total
Money market funds	$	65	$	—	$	65
U.S. government securities	46,929		—		46,929
Corporate debt securities	—		66,441		66,441
Commercial paper	—		60,583		60,583
U.S. government agency securities	—		35,559		35,559
Certificates of deposit	—		6,260		6,260
	$	46,994	$	168,843	$	215,837

As of December 31, 2023	Level 1		Level 2		Total
Money market funds	$	2,563	$	—	$	2,563
U.S. government securities	102,246		—		102,246
Commercial paper	—		46,976		46,976
U.S. government agency securities	—		43,521		43,521
Corporate debt securities	—		7,000		7,000
	$	104,809	$	97,497	$	202,306