Fair Value of Financial Instruments (Tables)
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3 Months Ended |
Apr. 04, 2026 |
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| Fair Value Disclosures [Abstract] |
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| Schedule of Valuation of the Financial Instruments |
The following summarizes the valuation of the Company’s financial instruments (in thousands). The tables do not include either cash on hand or assets and liabilities that are measured at historical cost or any basis other than fair value. | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements
at April 4, 2026 Using | | | | Description | | Quoted Prices in
Active Markets for
Identical Assets
(Level 1) | | Significant Other
Observable
Inputs
(Level 2) | | Total | | Cash equivalents: | | | | | | | | Money market funds | | $ | 217,216 | | | $ | — | | | $ | 217,216 | | | Time deposit | | — | | | 5,490 | | | 5,490 | | | Total cash equivalents | | $ | 217,216 | | | $ | 5,490 | | | $ | 222,706 | | | | | | | | | | Short-term investments: | | | | | | | | | | | | | | | Government debt securities | | $ | — | | | $ | 55,767 | | | $ | 55,767 | | | Total short-term investments | | $ | — | | | $ | 55,767 | | | $ | 55,767 | | | | | | | | | | Total | | $ | 217,216 | | | $ | 61,257 | | | $ | 278,473 | |
| | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements
at January 3, 2026 Using | | | | Description | | Quoted Prices in
Active Markets for
Identical Assets
(Level 1) | | Significant Other
Observable
Inputs
(Level 2) | | Total | | Cash equivalents: | | | | | | | | Money market funds | | $ | 206,051 | | | $ | — | | | $ | 206,051 | | | Time deposit | | — | | | 5,595 | | | 5,595 | | | Total cash equivalents | | $ | 206,051 | | | $ | 5,595 | | | $ | 211,646 | | | | | | | | | | Short-term investments: | | | | | | | | | | | | | | | Government debt securities | | $ | — | | | $ | 79,400 | | | $ | 79,400 | | | Total short-term investments | | $ | — | | | $ | 79,400 | | | $ | 79,400 | | | | | | | | | | Total | | $ | 206,051 | | | $ | 84,995 | | | $ | 291,046 | |
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| Schedule of Components of Available-For-Sale Investments |
The following summarizes the components of available-for-sale investments (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Reported As | | As of April 4, 2026 | | Amortized Cost Basis | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Cash Equivalent | | Marketable Securities | | Time Deposits | | $ | 5,490 | | | $ | — | | | $ | — | | | $ | 5,490 | | | $ | 5,490 | | | $ | — | | | Government debt securities | | 55,687 | | | 81 | | | (1) | | | 55,767 | | | — | | | 55,767 | | | Money market funds | | 217,216 | | | — | | | — | | | 217,216 | | | 217,216 | | | — | | | Total | | $ | 278,393 | | | $ | 81 | | | $ | (1) | | | $ | 278,473 | | | $ | 222,706 | | | $ | 55,767 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Reported As | | As of January 03, 2026 | | Amortized Cost Basis | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Cash Equivalent | | Marketable Securities | | Time deposits | | $ | 5,595 | | | $ | — | | | $ | — | | | $ | 5,595 | | | $ | 5,595 | | | $ | — | | | Government debt securities | | 79,148 | | | 252 | | | — | | | 79,400 | | | — | | | 79,400 | | | Money market funds | | 206,051 | | | — | | | — | | | 206,051 | | | 206,051 | | | — | | | Total | | $ | 290,794 | | | $ | 252 | | | $ | — | | | $ | 291,046 | | | $ | 211,646 | | | $ | 79,400 | |
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| Schedule of Contractual Underlying Maturities |
The following summarizes the contractual underlying maturities of the Company’s available-for-sale investments at April 4, 2026 (in thousands): | | | | | | | | | | | | | Cost | | Fair Value | | Due in one year or less | $ | 50,994 | | | $ | 51,062 | | | Due after one year through five years | 4,693 | | | 4,705 | | | $ | 55,687 | | | $ | 55,767 | |
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| Schedule of Available-For-Sale Investments in Continuous Unrealized Loss Position |
The available-for-sale investments that were in a continuous unrealized loss position, aggregated by length of time that individual securities have been in a continuous loss position, were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less Than 12 Months | | 12 Months or Greater | | Total | | As of April 4, 2026 | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | | | | | | | | | | | | | | Government debt securities | | $ | 5,214 | | | $ | (1) | | | $ | — | | | $ | — | | | $ | 5,214 | | | $ | (1) | | | | $ | 5,214 | | | $ | (1) | | | $ | — | | | $ | — | | | $ | 5,214 | | | $ | (1) | |
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