Fair Value Measurements (Tables)

3 Months Ended

Jun. 27, 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 June 27, 2015 and March 28, 2015 was as follows (in thousands):



June 27, 2015	Level 1		Level 2			Level 3		Total
Money market securities	$	2,997	$	—		$	—	$	2,997
Commercial paper	—		21,664			—		21,664
Municipal bonds	—		5,853			—		5,853
Forward purchase or (sale) contracts:
Japanese Yen	—		14			—		14
New Taiwan Dollar	—		(7		)	—		(7		)
Korean Won	—		(77		)	—		(77		)
Euro	—		(163		)	—		(163		)
British Pound	—		86			—		86
Chinese Renminbi	—		(6		)	—		(6		)



March 28, 2015	Level 1		Level 2			Level 3		Total
Money market securities	$	14,280	$	—		$	—	$	14,280
Corporate bonds	—		853			—		853
Municipal bonds	—		3,872			—		3,872
Government agencies	—		2,702			—		2,702
Commercial paper	—		15,537			—		15,537
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		)

Investments

he Company’s investments at June 27, 2015 and March 28, 2015 were as follows (in thousands):



			Unrealized
June 27, 2015	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Commercial paper	$	21,664	$	—	$	—	$	21,664
Municipal Bonds	5,852		1		—		5,853
	$	27,516	$	1	$	—	$	27,517

			Unrealized
March 28, 2015	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Corporate Bonds	$	853	$	—	$	—	$	853
Municipal Bonds	3,870		2		—		3,872
Government agencies	2,702		—		—		2,702
Commercial paper	15,537		—		—		15,537
	$	22,962	$	2	$	—	$	22,964