Fair Value Measurements (Tables)

12 Months Ended

Mar. 28, 2015

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 March 28, 2015 and March 29, 2014 was as follows (in thousands):



March 28, 2015	Level 1		Level 2			Level 3		Total
Money market securities	$	14,280	$	—		$	—	$	14,280
Commercial paper	—		15,537			—		15,537
Municipal bonds	—		3,872			—		3,872
Government agencies	—		2,702			—		2,702
Corporate bonds	—		853			—		853
Forward purchase or (sale) contracts:
Japanese Yen	—		(7		)	—		(7		)
New Taiwan Dollar	—		17			—		17
Korean Won	—		(44		)	—		(44		)
Euro	—		277			—		277
British Pound	—		(133		)	—		(133		)
Chinese Renminbi	—		(34		)	—		(34		)



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 March 28, 2015 and March 29, 2014 was as follows (in thousands):



			Unrealized
March 28, 2015	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Commercial paper	$	15,537	$	—	$	—	$	15,537
Municipal bonds	3,870		2		—		3,872
Government agencies	2,702		—		—		2,702
Corporate bonds	853		—		—		853
	$	22,962	$	2	$	—	$	22,964
Available-for-sale securities (non-current):
	$	—	$	—	$	—	$	—
	$	—	$	—	$	—	$	—
			Unrealized
March 29, 2014	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Commercial paper	$	6,700	$	—	$	—	$	6,700
Government agencies	8,035		2		—		8,037
Corporate bonds	17,321		7		—		17,328
Municipal bonds	8,737		4		—		8,741
	$	40,793	$	13	$	—	$	40,806
Available-for-sale securities (non-current):
Municipal bonds	3,976		9		—		3,985
	$	3,976	$	9	$	—	$	3,985