Fair Value Measurements (Tables)

3 Months Ended

Jun. 28, 2014

Fair Value Hierarchy for Financial Assets Measured at Fair Value on Recurring Basis

The Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis as of June 28, 2014 and March 29, 2014 was as follows (in thousands):



June 28, 2014	Level 1		Level 2			Level 3		Total
Money market securities	$	5,579	$	—		$	—	$	5,579
Commercial paper	—		20,344			—		20,344
Municipal bonds	—		11,515			—		11,515
Corporate Bonds	—		7,316			—		7,316
Government agencies	—		2,002			—		2,002
Forward purchase or (sale) contracts:
Japanese Yen	—		2			—		2
New Taiwan Dollar	—		5			—		5
Korean Won	—		11			—		11
Euro	—		(5		)	—		(5		)
British Pound	—		(46		)	—		(46		)
Chinese Renminbi	—		(10		)	—		(10		)



March 29, 2014	Level 1		Level 2			Level 3		Total
Money market securities	$	9,456	$	—		$	—	$	9,456
Corporate bonds	—		17,328			—		17,328
Municipal bonds	—		12,725			—		12,725
Government agencies	—		8,037			—		8,037
Commercial paper	—		6,700			—		6,700
Forward purchase or (sale) contracts:
Japanese Yen	—		25			—		25
New Taiwan Dollar	—		(6		)	—		(6		)
Korean Won	—		(44		)	—		(44		)
Euro	—		39			—		39
British Pound	—		(19		)	—		(19		)
Chinese Renminbi	—		(2		)	—		(2		)
Singapore Dollar	—		1			—		1

Investments

Certain information regarding the Company’s investments at June 28, 2014 and March 29, 2014 was as follows (in thousands):



			Unrealized
June 28, 2014	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Commercial paper	$	20,344	$	—	$	—	$	20,344
Municipal Bonds	11,503		12		—		11,515
Corporate Bonds	7,314		2		—		7,316
Government agencies	2,000		2		—		2,002
	$	41,161	$	16	$	—	$	41,177

			Unrealized
March 29, 2014	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Corporate Bonds	$	17,321	$	7	$	—	$	17,328
Municipal Bonds	8,737		4		—		8,741
Government agencies	8,035		2		—		8,037
Commercial paper	6,700		—		—		6,700
	$	40,793	$	13	$	—	$	40,806
Available-for-sale securities (non-current):
Municipal Bonds	$	3,976	$	9	$	—	$	3,985
	$	3,976	$	9	$	—	$	3,985