Fair Value and Derivative Instruments (Tables)

6 Months Ended

Jun. 27, 2026

Assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):


June 27, 2026	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	63,613	$	—	$	—	$	63,613
U.S. treasuries	998		—		—		998
Commercial paper	—		2,985		—		2,985

	64,611		2,985		—		67,596
Marketable securities:
U.S. treasuries	107,080		—		—		107,080

U.S. agency securities	—		15,572		—		15,572
Corporate bonds	—		100,630		—		100,630
Commercial paper	—		12,597		—		12,597
	107,080		128,799		—		235,879

Promissory note receivable	—		—		1,526		1,526
Interest rate swap derivative contract	—		1,434		—		1,434
Total assets	$	171,691	$	133,218	$	1,526	$	306,435
Liabilities:
Foreign exchange derivative contracts	$	—	$	(776)	$	—	$	(776)


Total liabilities	$	—	$	(776)	$	—	$	(776)


December 27, 2025	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	62,017	$	—	$	—	$	62,017

Commercial paper	—		500		—		500

	62,017		500		—		62,517
Marketable securities:
U.S. treasuries	76,626		—		—		76,626

U.S. agency securities	—		12,905		—		12,905
Corporate bonds	—		74,897		—		74,897
Commercial paper	—		7,414		—		7,414
	76,626		95,216		—		171,842

Promissory note receivable	—		—		1,522		1,522
Interest rate swap derivative contract	—		1,422		—		1,422
Total assets	$	138,643	$	97,138	$	1,522	$	237,303

The following table provides information about our foreign currency forward contracts outstanding as of June 27, 2026 (in thousands):


Currency	Contract Position	Contract Amount (Local Currency)	Contract Amount (U.S. Dollars)

Euro	Sell	28,070	32,940
Japanese Yen	Sell	2,413,114	14,944
Taiwan Dollar	Sell	124,401	3,892
Korean Won	Buy	5,640,798	3,656