Investment in Equity Securities |
9 Months Ended |
|---|---|
Sep. 28, 2024 | |
| Equity [Abstract] | |
| Investments in Equity Securities | INVESTMENT IN EQUITY SECURITIES
As of September 28, 2024 and December 30, 2023, the carrying amount of equity securities without readily determinable fair values was $20,000 and is included in the “Other assets” line item on the Company’s Condensed Consolidated Balance Sheets.
During the three and nine months ended September 28, 2024, no observable price changes occurred and no adjustment to the carrying value of the securities was recorded. During the three months ended September 30, 2023, no observable price changes occurred. During the nine months ended September 30, 2023, the Company evaluated an observable price change related to equity securities without readily determinable fair values. No adjustment to the carrying value of the securities was necessary based on the observable price change. Additionally, no impairment of securities was recorded for the three and nine months ended September 28, 2024, and September 30, 2023.
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