XML 39 R24.htm IDEA: XBRL DOCUMENT v3.22.4
Cash and Investments (Tables)
12 Months Ended
Dec. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Reconciliation of Cash, Cash Equivalents, and Restricted Cash
A reconciliation of cash, cash equivalents, and restricted cash equivalents reported in the accompanying Consolidated Balance Sheets to the amount reported within the accompanying Consolidated Statements of Cash Flows was as follows (in thousands):
December 31,
20222021
Cash and cash equivalents$501,195 $647,169 
Restricted cash equivalents included in other long-term assets1,482 16,722 
Cash, cash equivalents and restricted cash equivalents as reported within the accompanying Consolidated Statements of Cash Flows$502,677 $663,891 
Reconciliation of Cash, Cash Equivalents, and Restricted Cash
A reconciliation of cash, cash equivalents, and restricted cash equivalents reported in the accompanying Consolidated Balance Sheets to the amount reported within the accompanying Consolidated Statements of Cash Flows was as follows (in thousands):
December 31,
20222021
Cash and cash equivalents$501,195 $647,169 
Restricted cash equivalents included in other long-term assets1,482 16,722 
Cash, cash equivalents and restricted cash equivalents as reported within the accompanying Consolidated Statements of Cash Flows$502,677 $663,891 
Schedule of Investments by Security Type
Cash, cash equivalents, restricted cash equivalents and investments consisted of the following (in thousands):
December 31, 2022
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Debt securities available-for-sale:
Commercial paper$722,018 $— $— $722,018 
Corporate bonds810,439 541 (13,132)797,848 
U.S. Treasury and government-sponsored enterprises338,218 48 (5,679)332,587 
Municipal bonds16,385 — (223)16,162 
Total debt securities available-for-sale1,887,060 589 (19,034)1,868,615 
Cash41 — — 41 
Money market funds94,344 — — 94,344 
Certificates of deposit103,681 — — 103,681 
Total cash, cash equivalents, restricted cash equivalents and investments$2,085,126 $589 $(19,034)$2,066,681 
December 31, 2021
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Debt securities available-for-sale:
Commercial paper$945,801 $42 $(2)$945,841 
Corporate bonds541,774 876 (1,672)540,978 
U.S. Treasury and government-sponsored enterprises33,965 (21)33,945 
Municipal bonds12,924 15 (35)12,904 
Total debt securities available-for-sale1,534,464 934 (1,730)1,533,668 
Cash135,653 — — 135,653 
Money market funds66,531 — — 66,531 
Certificates of deposit119,056 — — 119,056 
Total cash, cash equivalents, restricted cash equivalents and investments$1,855,704 $934 $(1,730)$1,854,908 
Schedule of Fair Value and Gross Unrealized Losses of Investments Available-for-Sale in an Unrealized Loss Position The fair value and gross unrealized losses on debt securities available-for-sale in an unrealized loss position were as follows (in thousands):
December 31, 2022
Fair ValueGross Unrealized Losses
Corporate bonds$706,711 $(13,132)
U.S. Treasury and government-sponsored enterprises308,307 (5,679)
Municipal bonds15,792 (223)
Total
$1,030,810 $(19,034)
December 31, 2021
Fair Value
Gross Unrealized Losses
Corporate bonds$385,053 $(1,672)
Commercial paper
43,290 (2)
U.S. Treasury and government-sponsored enterprises 18,962 (21)
Municipal bonds
7,475 (35)
Total
$454,780 $(1,730)
Schedule of Fair Value of Cash Equivalents and Investments by Contractual Maturity
The fair value of debt securities available-for-sale by contractual maturity was as follows (in thousands):
 
December 31,
 
20222021
Maturing in one year or less$1,114,884 $1,168,256 
Maturing after one year through five years753,731 365,412 
Total debt securities available-for-sale$1,868,615 $1,533,668