Fair Value Measurements (Tables)

6 Months Ended

Sep. 27, 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 September 27, 2014 and March 29, 2014 was as follows (in thousands):



September 27, 2014	Level 1		Level 2			Level 3		Total
Money market securities	$	3,235	$	—		$	—	$	3,235
Commercial paper	—		20,397			—		20,397
Corporate bonds	—		5,164			—		5,164
Municipal bonds	—		3,966			—		3,966
Government agencies	—		2,002			—		2,002

Forward purchase or (sale) contracts:
Japanese Yen	—		113			—		113
New Taiwan Dollar	—		21			—		21
Korean Won	—		(137		)	—		(137		)
Euro	—		411			—		411
British Pound	—		(90		)	—		(90		)
Chinese Renminbi	—		(2		)	—		(2		)
Singapore Dollar	—		(17		)	—		(17		)



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 September 27, 2014 and March 29, 2014 was as follows (in thousands):



			Unrealized
September 27, 2014	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Commercial paper	$	20,397	$	—	$	—	$	20,397
Corporate Bonds	5,164		—		—		5,164
Municipal Bonds	3,958		8		—		3,966
Government agencies	2,000		2		—		2,002
	$	31,519	$	10	$	—	$	31,529
Available-for-sale securities (non-current):
Municipal Bonds	$	—	$	—	$	—	$	—
	$	—	$	—	$	—	$	—

			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