Fair Value Of Financial Instruments (Tables)

3 Months Ended

Apr. 01, 2012

Fair Value, Assets Measured On Recurring Basis

The following tables summarize the valuation of the Company’s financial instruments as of December 31, 2011 (in thousands):



	As of December 31, 2011
	Total		Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Cash equivalents—money-market funds	$	24,844	$	24,844	$	—	$	—
Available-for-sale securities—Treasuries (1)	144,703		144,703		—		—
Available-for-sale securities-Certificates of Deposit (1)	94		94		—		—
Foreign currency forward contracts (2)	1,237		—		1,237		—
Total	$	170,878	$	169,641	$	1,237	$	—


(1)	Included in short-term investments on the Company’s unaudited condensed consolidated balance sheet.


(2)	Included in prepaid expenses and other current assets on the Company’s unaudited condensed consolidated balance sheet.

The following tables summarize the valuation of the Company’s financial instruments as of April 1, 2012 (in thousands):



	As of April 1, 2012
	Total		Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Cash equivalents—money-market funds	$	28,738	$	28,738	$	—	$	—
Available-for-sale securities—U.S. Treasuries (1)	219,978		219,978		—		—
Available-for-sale securities—Certificates of Deposit (1)	183		183		—		—
Foreign currency forward contracts (2)	361		—		361		—
Total	$	249,260	$	248,899	$	361	$	—


(1)	Included in short-term investments on the Company’s unaudited condensed consolidated balance sheet.


(2)	Included in prepaid expenses and other current assets on the Company’s unaudited condensed consolidated balance sheet.

Fair Value, Liabilities Measured On Recurring Basis



	As of April 1, 2012
	Total			Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)			Significant unobservable inputs (Level 3)
Foreign currency forward contracts (3)	$	(348	)	$	—	$	(348	)	$	—
Total	$	(348	)	$	—	$	(348	)	$	—


(3)	Included in other accrued liabilities on the Company’s unaudited condensed consolidated balance sheet.



	As of December 31, 2011
	Total			Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)			Significant unobservable inputs (Level 3)
Foreign currency forward contracts (3)	$	(723	)	$	—	$	(723	)	$	—
Total	$	(723	)	$	—	$	(723	)	$	—


(3)	Included in other accrued liabilities on the Company’s unaudited condensed consolidated balance sheet.

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References+ Details

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References+ Details