At March 31, 2026 and January 3, 2026, marketable securities are categorized as follows:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(in thousands)
March 31, 2026
Federal and municipal notes and bonds	$	177,488	$	253	$	(142	)	$	177,599
Certificates of deposit		66,245		9		(60	)		66,194
Commercial paper		94,381		5		(47	)		94,339
Corporate bonds		63,802		71		(88	)		63,785
Total marketable securities	$	401,916	$	338	$	(337	)	$	401,917
January 3, 2026
Federal and municipal notes and bonds	$	149,004	$	551	$	(1	)	$	149,554
Certificates of deposit		47,243		95		—			47,338
Commercial paper		32,188		16		—			32,204
Corporate bonds		64,214		193		—			64,407
Total marketable securities	$	292,649	$	855	$	(1	)	$	293,503

As of March 31, 2026, all of the Company’s marketable securities are available to the Company for use in its current operations. As a result, the Company has classified all of these securities as current assets even though the stated maturity of some individual securities may be one year or more beyond the balance sheet date. The following table shows the fair value of the Company’s marketable securities, by contractual maturity, as of March 31, 2026:


	March 31, 2026		January 3, 2026
	Fair Value			Fair Value
	(in thousands)
Due within one year	$	326,387		$	233,043
Due after one through five years		75,530			60,460
Total marketable securities	$	401,917		$	293,503

The aggregate fair value of marketable securities with unrealized losses was $175.5 million and $21.2 million as of March 31, 2026 and January 3, 2026, respectively. All unrealized losses are reported in Stockholders Equity under the caption “Accumulated other comprehensive loss.” As of March 31, 2026 and January 3, 2026, 162 investments and 11 investments were in an unrealized loss position, respectively. All such investments have been in an unrealized loss position for less than a year and these losses are considered temporary. As of March 31, 2026 and January 3, 2026, three investments and two investments were in an unrealized loss position, respectively, for greater than a year. The Company has the ability and intent to hold these investments until a recovery of their amortized cost, which may not occur until maturity. The Company expects these securities are subject to minimal credit risk. As a result, the Company did not record any charges for credit-related impairments for its available-for-sale securities for the three months ended March 31, 2026 and March 29, 2025.