XML 25 R13.htm IDEA: XBRL DOCUMENT v3.19.2
Cash and Investments
 6 Months Ended
Jun. 29, 2019
Investments Debt And Equity Securities [Abstract]  
Cash and Investments

Note 6. Cash and Investments

The following tables present cash, cash equivalents, and available-for-sale investments as of the following dates (in thousands):

 

 

June 29, 2019

 

 

December 29, 2018

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Market

Value

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Market

Value

 

Cash

$

56,134

 

 

$

—

 

 

$

—

 

 

$

56,134

 

 

$

108,845

 

 

$

—

 

 

$

—

 

 

$

108,845

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

10,964

 

 

 

—

 

 

 

—

 

 

 

10,964

 

 

 

113

 

 

 

—

 

 

 

—

 

 

 

113

 

Commercial paper

 

24,937

 

 

 

—

 

 

 

—

 

 

 

24,937

 

 

 

1,993

 

 

 

—

 

 

 

—

 

 

 

1,993

 

Certificates of deposit

 

2,000

 

 

 

—

 

 

 

—

 

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

13,003

 

 

 

10

 

 

 

—

 

 

 

13,013

 

 

 

9,500

 

 

 

—

 

 

 

(3

)

 

 

9,497

 

Commercial paper

 

14,063

 

 

 

3

 

 

 

—

 

 

 

14,066

 

 

 

7,933

 

 

 

—

 

 

 

(1

)

 

 

7,932

 

Corporate debt securities

 

15,281

 

 

 

20

 

 

 

—

 

 

 

15,301

 

 

 

15,788

 

 

 

—

 

 

 

(58

)

 

 

15,730

 

Asset-backed securities

 

8,550

 

 

 

17

 

 

 

—

 

 

 

8,567

 

 

 

7,706

 

 

 

—

 

 

 

(24

)

 

 

7,682

 

Total cash, cash equivalents, and marketable securities

$

144,932

 

 

$

50

 

 

$

—

 

 

$

144,982

 

 

$

151,878

 

 

$

—

 

 

$

(86

)

 

$

151,792

 

 

Available-for-sale marketable securities, readily convertible to cash, with maturity dates of 90 days or less are classified as cash equivalents, while those with maturity dates greater than 90 days are classified as marketable securities within short-term assets. All marketable securities as of June 29, 2019 and December 29, 2018, were available-for-sale and reported at fair value based on the estimated or quoted market prices as of the balance sheet date.

 

Realized gains and losses on sale of securities are recorded in other income (expense), net, in the Company’s condensed consolidated statement of operations. For the three and six months ended June 29, 2019 and June 30, 2018, net realized gains and losses were not material.

 

Unrealized gains or losses, net of tax effect, are recorded in accumulated other comprehensive income (loss) within stockholders’ equity. Both the gross unrealized gains and gross unrealized losses for the three and six months ended June 29, 2019 and June 30, 2018 were not material, and no marketable securities had other than temporary impairment.

 

All marketable securities as of June 29, 2019 and December 29, 2018 had maturity dates of less than 33 months.