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Marketable Securities
 12 Months Ended
Jan. 01, 2022
Marketable Securities [Abstract]  
Marketable Securities

5.

Marketable Securities:

At January 1, 2022 and December 26, 2020, marketable securities are categorized as follows:

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Holding Gains

 

 

Gross

Unrealized

Holding Losses

 

 

Fair

Value

 

January 1, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal notes and bonds

 

$

171,203

 

 

$

38

 

 

$

261

 

 

$

170,980

 

Asset-backed securities

 

 

2,009

 

 

 

—

 

 

 

—

 

 

 

2,009

 

Certificates of deposit

 

 

33,200

 

 

 

2

 

 

 

10

 

 

 

33,192

 

Commercial paper

 

 

73,152

 

 

 

2

 

 

 

41

 

 

 

73,113

 

Corporate bonds

 

 

62,634

 

 

 

29

 

 

 

216

 

 

 

62,447

 

Total marketable securities

 

$

342,198

 

 

$

71

 

 

$

528

 

 

$

341,741

 

December 26, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal notes and bonds

 

$

124,387

 

 

$

257

 

 

$

4

 

 

$

124,640

 

Asset-backed securities

 

 

11,679

 

 

 

29

 

 

 

—

 

 

 

11,708

 

Certificates of deposit

 

 

36,349

 

 

 

24

 

 

 

—

 

 

 

36,373

 

Commercial paper

 

 

32,690

 

 

 

12

 

 

 

3

 

 

 

32,699

 

Corporate bonds

 

 

31,544

 

 

 

50

 

 

 

12

 

 

 

31,582

 

Total marketable securities

 

$

236,649

 

 

$

372

 

 

$

19

 

 

$

237,002

 

 

The amortized cost and estimated fair value of marketable securities classified by the maturity date listed on the security, regardless of the Consolidated Balance Sheet classification, is as follows at January 1, 2022 and December 26, 2020:

 

 

 

January 1, 2022

 

 

December 26, 2020

 

 

 

Amortized

Cost

 

 

Fair

Value

 

 

Amortized

Cost

 

 

Fair

Value

 

Due within one year

 

$

219,353

 

 

$

219,211

 

 

$

170,099

 

 

$

170,321

 

Due after one through five years

 

 

122,845

 

 

 

122,530

 

 

 

66,550

 

 

 

66,681

 

Due after five through ten years

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Due after ten years

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total marketable securities

 

$

342,198

 

 

$

341,741

 

 

$

236,649

 

 

$

237,002

 

 

 

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 January 1, 2022 and December 26, 2020.

 

 

 

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

 

January 1, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal notes and bonds

 

$

113,790

 

 

$

262

 

 

$

—

 

 

$

—

 

Certificates of deposit

 

 

16,300

 

 

 

10

 

 

 

—

 

 

 

—

 

Commercial paper

 

 

58,681

 

 

 

40

 

 

 

—

 

 

 

—

 

Corporate bonds

 

 

53,661

 

 

 

150

 

 

 

2,587

 

 

 

66

 

Total marketable securities

 

$

242,432

 

 

$

462

 

 

$

2,587

 

 

$

66

 

December 26, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal notes and bonds

 

$

8,641

 

 

$

4

 

 

$

—

 

 

$

—

 

Commercial paper

 

 

8,862

 

 

 

3

 

 

 

—

 

 

 

—

 

Corporate bonds

 

 

14,947

 

 

 

12

 

 

 

—

 

 

 

—

 

Total marketable securities

 

$

32,450

 

 

$

19

 

 

$

—

 

 

$

—

 

 

See Note 4 for additional discussion regarding the fair value of the Company’s marketable securities.