v3.26.1
Fair Value Measurements - (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Carried at Fair Value Measured on a Recurring Basis

The following tables present information about the Company’s assets and liabilities that are regularly measured and carried at fair value on a recurring basis and indicate the level within the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value, which is described further within Note 4 Fair Value Measurements to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended January 3, 2026:

 

 

March 31, 2026

 

 

 

Cash and Cash Equivalents

 

 

Marketable Securities

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Total

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal and municipal notes and bonds

 

$

 

 

$

45,840

 

 

$

45,840

 

 

$

 

 

$

177,599

 

 

$

177,599

 

Cash

 

 

156,797

 

 

 

 

 

 

156,797

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

2,068

 

 

 

 

 

 

2,068

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

66,194

 

 

 

66,194

 

Commercial paper

 

 

 

 

 

47,542

 

 

 

47,542

 

 

 

 

 

 

94,339

 

 

 

94,339

 

Corporate bonds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

63,784

 

 

 

63,784

 

      Foreign currency forward contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

884

 

 

 

884

 

Total assets

 

$

158,865

 

 

$

93,382

 

 

$

252,247

 

 

$

 

 

$

402,800

 

 

$

402,800

 

 

 

 

January 3, 2026

 

 

 

Cash and Cash Equivalents

 

 

Marketable Securities

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Total

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal and municipal notes and bonds

 

$

 

 

$

40,415

 

 

$

40,415

 

 

$

 

 

$

141,401

 

 

$

141,401

 

Cash

 

 

245,130

 

 

 

 

 

 

245,130

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

5,118

 

 

 

 

 

 

5,118

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

47,339

 

 

 

47,339

 

Commercial paper

 

 

 

 

 

53,373

 

 

 

53,373

 

 

 

 

 

 

40,357

 

 

 

40,357

 

Corporate bonds

 

 

 

 

 

2,083

 

 

 

2,083

 

 

 

 

 

 

64,406

 

 

 

64,406

 

      Foreign currency forward contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

89

 

 

 

89

 

Total assets

 

$

250,248

 

 

$

95,871

 

 

$

346,119

 

 

$

 

 

$

293,592

 

 

$

293,592