Fair Value Measurements

3 Months Ended

Apr. 01, 2016

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 3 — Fair Value Measurements

We determine the fair value of our assets and liabilities utilizing three levels of inputs, focusing on the most observable level of inputs when available. Level 1 inputs use quoted prices in active markets which are unadjusted and accessible as of the measurement date for identical, unrestricted assets or liabilities. Level 2 uses quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 3 uses prices or valuations that require inputs that are unobservable and significant to the overall fair value measurement.

We determine fair value on the following assets using these input levels (in thousands):

	Fair value as of April 1, 2016 using:
	Total		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)
Assets
Cash equivalents:
Time deposit	$	1,010	$	1,010	$	-
Other non-current assets:
Deferred compensation investments	$	10,098	$	670	$	9,428
Total assets measured at fair value	$	11,108	$	1,680	$	9,428
	Fair value as of January 1, 2016 using:
		Total	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)
Assets
Cash equivalents:
Time deposit	$	827	$	827	$	-
Other non-current assets:
Deferred compensation investments	$	9,855	$	400	$	9,455
Total assets measured at fair value	$	10,682	$	1,227	$	9,455

There were notransfers into or out of Level 1, Level 2, or Level 3 financial assets during the quarters ended April 1, 2016 and April 3, 2015.