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Marketable Securities - (Tables)
3 Months Ended
Mar. 30, 2024
Marketable Securities [Abstract]  
Schedule of Marketable Securities by Category

At March 30, 2024 and December 30, 2023, marketable securities are categorized as follows:

 

 

 

Amortized Cost

 

 

Gross Unrealized Holding Gains

 

 

Gross Unrealized Holding Losses

 

 

Fair Value

 

March 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Government notes and bonds

 

$

249,211

 

 

$

90

 

 

$

373

 

 

$

248,928

 

Certificates of deposit

 

 

54,800

 

 

 

37

 

 

 

15

 

 

 

54,822

 

Commercial paper

 

 

123,380

 

 

 

15

 

 

 

50

 

 

 

123,345

 

Corporate bonds

 

 

122,896

 

 

 

177

 

 

 

130

 

 

 

122,943

 

Total marketable securities

 

$

550,287

 

 

$

319

 

 

$

568

 

 

$

550,038

 

December 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Government notes and bonds

 

$

195,733

 

 

$

393

 

 

$

326

 

 

$

195,800

 

Certificates of deposit

 

 

67,377

 

 

 

93

 

 

 

3

 

 

 

67,467

 

Commercial paper

 

 

99,591

 

 

 

54

 

 

 

10

 

 

 

99,635

 

Corporate bonds

 

 

101,146

 

 

 

391

 

 

 

136

 

 

 

101,401

 

Total marketable securities

 

$

463,847

 

 

$

931

 

 

$

475

 

 

$

464,303

 

Schedule of Amortized Cost and Estimated Fair Value of Marketable Securities Classified by Maturity Date

The amortized cost and estimated fair value of marketable securities classified by the maturity date listed on the security, regardless of the Condensed Consolidated Balance Sheets classification, is as follows at March 30, 2024 and December 30, 2023:

 

 

 

March 30, 2024

 

 

December 30, 2023

 

 

 

Amortized Cost

 

 

Fair Value

 

 

Amortized Cost

 

 

Fair Value

 

Due within one year

 

$

355,655

 

 

$

355,387

 

 

$

331,136

 

 

$

330,937

 

Due after one through five years

 

 

145,917

 

 

 

145,936

 

 

 

132,711

 

 

 

133,366

 

Due after five through ten years

 

 

115

 

 

 

115

 

 

 

 

 

 

 

Due after ten years

 

 

48,600

 

 

 

48,600

 

 

 

 

 

 

 

Total marketable securities

 

$

550,287

 

 

$

550,038

 

 

$

463,847

 

 

$

464,303

 

Summary of Estimated Fair Value and Gross Unrealized Holding Losses of Marketable Securities in Unrealized Loss Position

The following table summarizes the estimated fair value and gross unrealized holding losses of marketable securities, aggregated by investment instrument and period of time in an unrealized loss position, at March 30, 2024 and December 30, 2023:

 

 

 

In Unrealized Loss Position For
Less Than 12 Months

 

 

In Unrealized Loss Position For
Greater Than 12 Months

 

 

 

Fair Value

 

 

Gross Unrealized Losses

 

 

Fair Value

 

 

Gross Unrealized Losses

 

March 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Government notes and bonds

 

$

95,000

 

 

$

200

 

 

$

41,367

 

 

$

173

 

Certificates of deposit

 

 

18,340

 

 

 

16

 

 

 

 

 

 

 

Commercial paper

 

 

88,615

 

 

 

50

 

 

 

 

 

 

 

Corporate bonds

 

 

48,457

 

 

 

98

 

 

 

6,270

 

 

 

31

 

Total

 

$

250,412

 

 

$

364

 

 

$

47,637

 

 

$

204

 

December 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Government notes and bonds

 

$

82,776

 

 

$

325

 

 

$

180

 

 

$

1

 

Certificates of deposit

 

 

11,839

 

 

 

3

 

 

 

 

 

 

 

Commercial paper

 

 

20,121

 

 

 

10

 

 

 

 

 

 

 

Corporate bonds

 

 

20,268

 

 

 

103

 

 

 

5,999

 

 

 

33

 

Total

 

$

135,004

 

 

$

441

 

 

$

6,179

 

 

$

34