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


	October 2, 2026
										Fair Value Measurements
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value		Level 1		Level 2
Commercial paper	$	18,803	$	—	$	(29	)	$	18,774	$	—	$	18,774
Certificates of deposit		3,077		—		(5	)		3,072		—		3,072
U.S. Treasury securities		11,944		—		(3	)		11,941		11,941		—
Corporate debt securities		39,095		—		(78	)		39,017		—		39,017
Total investments AFS	$	72,919	$	—	$	(115	)	$	72,804	$	11,941	$	60,863

	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

The Company obtains the fair value from third-party pricing services. The pricing services utilize industry standard valuation models, including both income and market-based approaches and observable market inputs to determine value. These observable market inputs include reportable trades, benchmark yields, credit spreads, broker/dealer quotes, bids, offers and other industry and economic events.

The Company assessed each debt security in a gross unrealized loss position to determine whether the decline in fair value below amortized cost was a result of credit losses or other factors, whether the Company expects to recover the amortized cost of the debt security, the Company’s intent to sell and whether it is more-likely-than-not that the Company will not be required to sell the debt security before the recovery of the amortized cost basis. There has been no allowance for expected credit losses recorded for the three and nine months ended October 2, 2026 and September 26, 2025.

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


	As of October 2, 2026
	Within one year		After one year through five years		Total
Commercial paper	$	18,774	$	—	$	18,774
Certificates of deposit		3,072		—		3,072
U.S. Treasury securities		11,941		—		11,941
Corporate debt securities		39,017		—		39,017
Total investments AFS	$	72,804	$	—	$	72,804

During the nine months ended October 2, 2026, several of the Company’s investments AFS with an aggregate fair value of $3,400,000 were subject to early redemption. The Company recognized a gain upon redemption of less than $1,000 for the nine months ended October 2, 2026. During the nine months ended September 26, 2025, several of the Company’s investments AFS with an aggregate fair value of $3,377,000 were subject to early redemption. The Company recognized a gain upon redemption of $2,000 for the nine months ended September 26, 2025.