Fair Value Measurements (Tables)

3 Months Ended

Apr. 01, 2018

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize assets and liabilities measured at fair value on a recurring basis as of April 1, 2018:

	As of April 1, 2018
	Total		Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Cash equivalents: money-market funds	$	14,314	$	14,314	$	—	$	—
Available-for-sale securities: U.S. treasuries (1)	125,000		125,000		—		—
Available-for-sale securities: certificates of deposit (1)	161		161		—		—
Trading securities: mutual funds (1)	2,281		2,281		—		—
Foreign currency forward contracts (2)	855		—		855		—
Total assets measured at fair value	$	142,611	$	141,756	$	855	$	—
Liabilities:
Foreign currency forward contracts (3)	$	3,433	$	—	$	3,433	$	—
Total liabilities measured at fair value	$	3,433	$	—	$	3,433	$	—

_________________________

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

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

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

The following tables summarize assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:

	As of December 31, 2017
	Total		Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Cash equivalents: money-market funds	$	12,606	$	12,606	$	—	$	—
Available-for-sale securities: U.S. treasuries (1)	124,670		124,670		—		—
Available-for-sale securities: certificates of deposit (1)	162		162		—		—
Trading securities: mutual funds (1)	2,094		2,094		—		—
Foreign currency forward contracts (2)	1,799		—		1,799		—
Total assets measured at fair value	$	141,331	$	139,532	$	1,799	$	—
Liabilities:
Foreign currency forward contracts (3)	$	8,192	$	—	$	8,192	$	—
Total liabilities measured at fair value	$	8,192	$	—	$	8,192	$	—

_________________________

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

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

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