Fair Value and Derivative Instruments (Tables)

3 Months Ended

Mar. 28, 2026

Assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):


March 28, 2026	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	80,846	$	—	$	—	$	80,846




Marketable securities:
U.S. treasuries	82,992		—		—		82,992

U.S. agency securities	—		13,067		—		13,067
Corporate bonds	—		73,747		—		73,747
Commercial paper	—		9,936		—		9,936
	82,992		96,750		—		179,742

Promissory note receivable	—		—		1,526		1,526
Interest rate swap derivative contract	—		1,470		—		1,470
Total assets	$	163,838	$	98,220	$	1,526	$	263,584


December 27, 2025	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	62,017	$	—	$	—	$	62,017

Commercial paper	—		500		—		500

	62,017		500		—		62,517
Marketable securities:
U.S. treasuries	76,626		—		—		76,626

U.S. agency securities	—		12,905		—		12,905
Corporate bonds	—		74,897		—		74,897
Commercial paper	—		7,414		—		7,414
	76,626		95,216		—		171,842

Promissory note receivable	—		—		1,522		1,522
Interest rate swap derivative contract	—		1,422		—		1,422
Total assets	$	138,643	$	97,138	$	1,522	$	237,303

The following table provides information about our foreign currency forward contracts outstanding as of March 28, 2026 (in thousands):


Currency	Contract Position	Contract Amount (Local Currency)	Contract Amount (U.S. Dollars)

Euro	Sell	4,171	4,806
Japanese Yen	Sell	3,259,229	20,382
Korean Won	Buy	4,304,798	2,858
Taiwan Dollar	Sell	114,351	3,575