Marketable Securities - (Tables)

6 Months Ended

Jul. 02, 2022

Schedule of Marketable Securities by Category

At July 2, 2022 and January 1, 2022, marketable securities are categorized as follows:

	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value
July 2, 2022
Municipal notes and bonds	$	180,552	$	28	$	2,215	$	178,365
Asset-backed securities		1,939		—		29		1,910
Certificates of deposit		27,200		—		90		27,110
Commercial paper		89,920		5		209		89,716
Corporate bonds		68,798		—		1,074		67,724
Total marketable securities	$	368,409	$	33	$	3,617	$	364,825
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

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 July 2, 2022 and January 1, 2022:

	July 2, 2022				January 1, 2022
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	286,174	$	284,096	$	219,353	$	219,211
Due after one through five years		82,235		80,729		122,845		122,530
Due after five years		—		—		—		—
Total marketable securities	$	368,409	$	364,825	$	342,198	$	341,741

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 July 2, 2022 and January 1, 2022:

	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
July 2, 2022
Municipal notes and bonds	$	173,915	$	2,120	$	6,636	$	95
Asset-backed securities		1,939		29		—		—
Certificates of deposit		27,200		90		—		—
Commercial paper		89,920		209		—		—
Corporate bonds		66,653		1,028		2,145		46
Total	$	359,627	$	3,476	$	8,781	$	141
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	$	242,432	$	462	$	2,587	$	66