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Investments Available for Sale (Tables)
12 Months Ended
Dec. 30, 2022
Investments Debt And Equity Securities [Abstract]  
Summary of Investments Available for Sale and Related Fair Value Measurement

During 2022, the Company started to invest its cash in slightly higher yielding securities.  Investments AFS and the related fair value measurement consisted of the following (dollars in thousands):

 

 

 

December 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

 

Level 1

 

 

Level 2

 

Commercial paper

 

$

44,054

 

 

$

11

 

 

$

(62

)

 

$

44,003

 

 

$

 

 

$

44,003

 

Certificates of deposit

 

 

17,355

 

 

 

4

 

 

 

(75

)

 

 

17,284

 

 

 

 

 

 

17,284

 

U.S. Treasury securities

 

 

21,847

 

 

 

3

 

 

 

(15

)

 

 

21,835

 

 

 

21,835

 

 

 

 

U.S. agency securities

 

 

10,688

 

 

 

16

 

 

 

(3

)

 

 

10,701

 

 

 

 

 

 

10,701

 

Corporate debt securities

 

 

45,522

 

 

 

4

 

 

 

(288

)

 

 

45,238

 

 

 

 

 

 

45,238

 

Total investments AFS

 

$

139,466

 

 

$

38

 

 

$

(443

)

 

$

139,061

 

 

$

21,835

 

 

$

117,226

 

 

Summary of Fair Value of Investments Available for Sale by Contractual Maturity

The following table shows the fair value of investments AFS by contractual maturity (dollars in thousands):

 

 

 

As of December 30, 2022

 

 

 

Within one year

 

 

After one year through five years

 

 

 

Total

 

Commercial paper

 

$

44,003

 

 

$

 

 

 

$

44,003

 

Certificates of deposit

 

 

17,284

 

 

 

 

 

 

 

17,284

 

U.S. Treasury securities

 

 

18,961

 

 

 

2,874

 

 

 

 

21,835

 

U.S. agency securities

 

 

8,653

 

 

 

2,048

 

 

 

 

10,701

 

Corporate debt securities

 

 

36,258

 

 

 

8,980

 

 

 

 

45,238

 

Total investments AFS

 

$

125,159

 

 

$

13,902

 

 

 

$

139,061