v3.25.2
Short-Term Investments (Tables)
6 Months Ended
Jun. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Debt Securities
As of June 27, 2025, the Company’s available-for-sale investments consisted of the following cost, unrealized positions and estimated fair value, disaggregated by class of instrument:

 Gross Unrealized
(in thousands)CostGainsLossesEstimated Fair Value
U.S. Treasury securities$215,996 $33 $(36)$215,993 
Corporate bonds122,010 24 (40)121,994 
Commercial paper instruments11,589 — — 11,589 
Asset-backed securities609 — 610 
Total short-term investments$350,204 $58 $(76)$350,186 

As of December 31, 2024, the Company’s available-for-sale investments consisted of the following cost, unrealized positions and estimated fair value, disaggregated by class of instrument:

 Gross Unrealized
(in thousands)CostGainsLossesEstimated Fair Value
U.S. Treasury securities$178,016 $67 $(44)$178,039 
Corporate bonds103,970 77 (78)103,969 
Commercial paper instruments17,657 — 17,663 
Asset-backed securities1,534 — 1,539 
Total short-term investments$301,177 $155 $(122)$301,210