v3.25.2
Investment Securities (Tables)
 6 Months Ended
Jun. 29, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of Available-for-sale Investment Securities

The following table summarizes the Company’s available-for-sale investment securities as of June 29, 2025:

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Allowance for Credit Losses

 

 

Fair Value

 

U.S. corporate bonds and U.S. dollar
   denominated foreign bonds

 

$

1,368

 

 

$

1

 

 

$

—

 

 

$

—

 

 

$

1,369

 

U.S. Treasury Bills

 

 

45,427

 

 

 

—

 

 

 

(23

)

 

 

—

 

 

 

45,404

 

Total

 

$

46,795

 

 

$

1

 

 

$

(23

)

 

$

—

 

 

$

46,773

 

The following table summarizes the Company’s available-for-sale investment securities as of December 29, 2024:

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Allowance for Credit Losses

 

 

Fair Value

 

U.S. corporate bonds and U.S. dollar
   denominated foreign bonds

 

$

9,702

 

 

$

15

 

 

$

(25

)

 

$

—

 

 

$

9,692

 

Total

 

$

9,702

 

 

$

15

 

 

$

(25

)

 

$

—

 

 

$

9,692

 
Summary of Contractual Maturities of Investment Securities The amortized cost and fair value of the Company’s investments in available-for-sale securities as of June 29, 2025 by contractual maturity are as follows:

 

 

Amortized Cost

 

 

Fair Value

 

Due within one year

 

$

46,795

 

 

$

46,773

 

Due after one year through five years

 

 

—

 

 

 

—

 

Total available-for-sale

 

$

46,795

 

 

$

46,773

 
Schedule of Unrealized Loss Aging for Available-for-sale Securities

The following tables present the Company’s unrealized loss aging for available-for-sale securities by type and length of time the security was in a continuous unrealized loss position as of the periods presented:

 

 

June 29, 2025

 

 

 

Less than 12 months

 

 

12 months or longer

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

U.S. corporate bonds and U.S. dollar
   denominated foreign bonds

 

$

710

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

710

 

 

$

—

 

U.S. Treasury Bills

 

 

35,413

 

 

 

(23

)

 

 

—

 

 

 

—

 

 

 

35,413

 

 

 

(23

)

Total

 

$

36,123

 

 

$

(23

)

 

$

—

 

 

$

—

 

 

$

36,123

 

 

$

(23

)

 

 

 

December 29, 2024

 

 

 

Less than 12 months

 

 

12 months or longer

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

U.S. corporate bonds and U.S. dollar
   denominated foreign bonds

 

$

—

 

 

$

—

 

 

$

8,014

 

 

$

(25

)

 

$

8,014

 

 

$

(25

)

Total

 

$

—

 

 

$

—

 

 

$

8,014

 

 

$

(25

)

 

$

8,014

 

 

$

(25

)