v3.26.1
Investments Available for Sale (Tables)
 3 Months Ended
Apr. 03, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments Available for Sale and Related Fair Value Measurement

Investments available for sale (“AFS”) and the related fair value measurement consisted of the following (dollars in thousands):

 

 

 

April 3, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

 

Level 1

 

 

Level 2

 

Commercial paper

 

$

11,525

 

 

$

—

 

 

$

(2

)

 

$

11,523

 

 

$

—

 

 

$

11,523

 

Certificates of deposit

 

 

1,549

 

 

 

1

 

 

 

—

 

 

 

1,550

 

 

 

—

 

 

 

1,550

 

U.S. Treasury securities

 

 

999

 

 

 

—

 

 

 

—

 

 

 

999

 

 

 

999

 

 

 

—

 

Corporate debt securities

 

 

17,955

 

 

 

2

 

 

 

(4

)

 

 

17,953

 

 

 

—

 

 

 

17,953

 

Total investments AFS

 

$

32,028

 

 

$

3

 

 

$

(6

)

 

$

32,025

 

 

$

999

 

 

$

31,026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 2, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

 

Level 1

 

 

Level 2

 

Commercial paper

 

$

14,682

 

 

$

1

 

 

$

(1

)

 

$

14,682

 

 

$

—

 

 

$

14,682

 

Certificates of deposit

 

 

816

 

 

 

—

 

 

 

—

 

 

 

816

 

 

 

—

 

 

 

816

 

U.S. Treasury securities

 

 

990

 

 

 

—

 

 

 

—

 

 

 

990

 

 

 

990

 

 

 

—

 

Corporate debt securities

 

 

17,897

 

 

 

3

 

 

 

(2

)

 

 

17,898

 

 

 

—

 

 

 

17,898

 

Total investments AFS

 

$

34,385

 

 

$

4

 

 

$

(3

)

 

$

34,386

 

 

$

990

 

 

$

33,396

 
Summary of Fair Value of Investments Available for Sale by Contractual Maturity

The following table shows the fair value of investments AFS by contractual maturity (in thousands):

 

 

 

As of April 3, 2026

 

 

 

Within one year

 

 

After one year through five years

 

 

 

Total

 

Commercial paper

 

$

11,523

 

 

$

—

 

 

 

$

11,523

 

Certificates of deposit

 

 

1,550

 

 

 

—

 

 

 

 

1,550

 

U.S. Treasury securities

 

 

999

 

 

 

—

 

 

 

 

999

 

Corporate debt securities

 

 

17,953

 

 

 

—

 

 

 

 

17,953

 

Total investments AFS

 

$

32,025

 

 

$

—

 

 

 

$

32,025