
	July 12, 2026
(in thousands)			Gross unrealized
Security Type Category	Amortized Cost		Gains		Losses		Estimated Fair Value
Asset backed	$	13,668	$	1	$	(16)	$	13,653
Commercial deposits	5,002		—		(5)		4,997
Commercial paper	7,027		—		(7)		7,020
Corporate bonds	72,599		2		(141)		72,460
U.S. government bonds	14,811		—		(105)		14,706
Total	$	113,107	$	3	$	(274)	$	112,836


	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 July 12, 2026 or December 28, 2025. As of July 12, 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.


	July 12, 2026
(in thousands)	Amortized Cost		Estimated Fair Value
Less than one year	$	43,173	$	43,124
1.0 to 2.0 years	57,268		57,109
2.0 to 3.0 years	11,080		11,018
More than 3.0 years	1,586		1,585

Total	$	113,107	$	112,836

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 first quarter of 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 sheets. Refer to Note 4 (Fair Value) for more information. As of July 12, 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.