
	April 19, 2026
(in thousands)			Gross unrealized
Security Type Category	Amortized Cost		Gains		Losses		Estimated Fair Value
Asset backed	$	14,139	$	4	$	(6)	$	14,137
Commercial deposits	3,160		1		(1)		3,160
Commercial paper	3,969		—		(3)		3,966
Corporate bonds	58,312		33		(41)		58,304
U.S. government bonds	27,639		5		(22)		27,622
Total	$	107,219	$	43	$	(73)	$	107,189


	December 28, 2025
(in thousands)			Gross unrealized
Security Type Category	Amortized Cost		Gains		Losses		Estimated Fair Value
Asset backed	$	13,790	$	18	$	—	$	13,808
Commercial deposits	3,089		2		—		3,091
Commercial paper	2,306		1		—		2,307
Corporate bonds	64,423		96		—		64,519
U.S. government bonds	26,343		44		—		26,387
Total	$	109,951	$	161	$	—	$	110,112

In determining credit losses on its investments in an unrealized loss position, the Company considers certain factors that may include, among others, severity of the unrealized loss, security type, industry sector, credit rating, yield to maturity, profitability, and stock performance. Based on the Company’s review of its investments in an unrealized loss position, it determined that the losses were due to non-credit factors and, therefore, it does not consider these securities to be credit impaired at April 19, 2026 or December 28, 2025. As of April 19, 2026 and December 28, 2025, the Company

did not intend to sell any investments in an unrealized loss position, and it is not more likely than not that the Company will be required to sell any investments before recovery of their amortized cost basis.


	April 19, 2026
(in thousands)	Amortized Cost		Estimated Fair Value
Less than one year	$	65,073	$	65,084
1.0 to 2.0 years	30,293		30,265
2.0 to 3.0 years	11,706		11,693
More than 3.0 years	147		147

Total	$	107,219	$	107,189

In the second quarter of fiscal 2025, the Company made a $5.0 million investment in a convertible promissory note of Hyphen Technologies, Inc., which develops and provides automated makelines designed to improve the speed and efficiency of food production. The Company is currently testing this technology in its digital business. During the sixteen weeks ended April 19, 2026, upon the achievement of a predefined milestone event, the Company made an additional $5.0 million investment in a convertible promissory note at terms substantially similar to the initial investment (collectively, the “Note Receivable”).

The Note Receivable is presented within other long-term assets on the accompanying unaudited condensed consolidated balance sheet. Refer to Note 4 (Fair Value) for more information. As of April 19, 2026 and December 28, 2025, the Company’s estimated fair value of the Note Receivable was $10.7 million and $5.3 million, respectively. The increase in the estimated fair value was primarily attributable to the additional investment described above, with the remaining increase recognized as a component of other income, net in the accompanying unaudited condensed consolidated statement of operations.