Investments (Tables)

6 Months Ended

Jun. 28, 2025

Amortized Cost and Fair Value of Available-for-Sale Investments

The amortized cost and fair values of

available-for-sale

investments are as follows at June 28, 2025 and December 28, 2024 (in thousands):


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 28, 2025
Money market investments	$	9,452	$	—	$	—	$	9,452
Asset-backed securities		23,117		56		1,353		21,820
Corporate bonds, commercial paper and direct obligations of government agencies		104,467		727		1,031		104,163
U.S. Treasury obligations		12,748		—		2		12,746

Total	$	149,784	$	783	$	2,386	$	148,181

December 28, 2024
Money market investments	$	13,473	$	—	$	—	$	13,473
Asset-backed securities		26,785		25		1,770		25,040
Corporate bonds, commercial paper and direct obligations of government agencies		107,180		198		2,026		105,352

Total	$	147,438	$	223	$	3,796	$	143,865

Schedule of Unrealized Loss on Available-for-Sale Investments

For those

available-for-sale

investments with unrealized losses at June 28, 2025 and December 28, 2024, the following table summarizes the duration of the unrealized loss (in thousands):


	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
June 28, 2025
Asset-backed securities	$	1,990	$	8	$	12,379	$	1,345	$	14,369	$	1,353
Corporate bonds, commercial paper, and direct obligations of government agencies		8,966		8		37,112		1,023		46,078		1,031
U.S. Treasury obligations		6,868		2		—		—		6,868		2

Total	$	17,824	$	18	$	49,491	$	2,368	$	67,315	$	2,386

December 28, 2024
Asset-backed securities	$	9,663	$	37	$	12,596	$	1,733	$	22,259	$	1,770
Corporate bonds, commercial paper, and direct obligations of government agencies		18,409		169		59,609		1,857		78,018		2,026

Total	$	28,072	$	206	$	72,205	$	3,590	$	100,277	$	3,796