Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 29, 2012

Fair Value of Financial Instruments

Schedule of financial assets and liabilities recorded at fair value on a recurring basis, by level within the fair value hierarchy

The following table summarizes, by level within the fair value hierarchy, the financial assets and liabilities recorded at fair value on a recurring basis as of December 29, 2012 (in thousands):

	December 29, 2012
	Total		Level 1		Level 2		Level 3
ASSETS
Auction rate securities	$	476	$	—	$	—	$	476
Total available-for-sale securities	$	476	$	—	$	—	$	476
Other current assets — interest rate cap	$	4	$	—	$	4	$	—
Other assets — assets that fund deferred compensation	$	5,212	$	5,212	$	—	$	—
LIABILITES
Other long-term liabilities — interest rate swap	$	2,522	$	—	$	2,522	$	—
Other long-term liabilities — deferred compensation	$	5,212	$	5,212	$	—	$	—

The following table summarizes, by level within the fair value hierarchy, the financial assets and liabilities recorded at fair value on a recurring basis as of March 31, 2012 (in thousands):

	March 31, 2012
	Total		Level 1		Level 2		Level 3
ASSETS
Money market funds	$	1,627	$	1,627	$	—	$	—
Auction rate securities	2,004		—		—		2,004
Total available-for-sale securities	$	3,631	$	1,627	$	—	$	2,004
Other assets — assets that fund deferred compensation	$	5,136	$	5,136	$	—	$	—
LIABILITES
Other long-term liabilities — deferred compensation	$	5,136	$	5,136	$	—	$	—

Summary of activity for the period of changes in fair value of the Company's Level 3 investments

The following table summarizes the activity for the period of changes in fair value of the Company’s Level 3 investments (in thousands):

	Fair Value Measurements Using Significant Unobservable Inputs  (Level 3)
	For the Third Quarter Ended						For the First Three Quarters Ended
Auction Rate Securities	December 29, 2012			December 31, 2011			December 29, 2012			December 31, 2011
	(Successor)			(Predecessor)			(Successor)			(Predecessor)
Description
Beginning balance	$	1,603		$	7,685		$	2,004		$	8,409
Transfers into Level 3	—			—			—			—
Total realized/unrealized gains (loss):
Included in earnings	(229		)	(303		)	(273		)	(300		)
Included in other comprehensive (income) loss	(32		)	477			(33		)	501
Purchases, redemptions and settlements:
Purchases	—			—			—			—
Redemptions	(866		)	(173		)	(1,222		)	(924		)
Ending balance	$	476		$	7,686		$	476		$	7,686
Total amount of unrealized gains for the period included in other comprehensive loss attributable to the change in fair market value relating to assets still held at the reporting date	$	—		$	477		$	7		$	501