v3.26.1
Marketable Securities - (Tables)
3 Months Ended
Mar. 31, 2026
Marketable Securities [Abstract]  
Schedule of Marketable Securities by Category

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

 

Schedule of Amortized Cost and Estimated Fair Value of Marketable Securities Classified by Maturity Date

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