Fair Value Measurements (Tables)

12 Months Ended

Apr. 02, 2016

Fair Value Disclosures [Abstract]

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

Financial Assets Measured at Fair Value

The Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis as of April 2, 2016 and March 28, 2015 was as follows (in thousands):

April 2, 2016	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	4,643	$	—		$	—	$	4,643
Commercial paper	—		12,140			—		12,140
Total cash equivalents	$	4,643	$	12,140		$	—	$	16,783
Short term investments - available for sale:
U.S. treasury fund	$	1,003	$	—		$	—	$	1,003
Government agencies	—		13,252			—		13,252
Commercial paper	—		997			—		997
Total short-term investments - available for sale	$	1,003	$	14,249		$	—	$	15,252
Forward purchase or (sale) contracts:
Japanese Yen	$	—	$	(31	)	$	—	$	(31	)
New Taiwan Dollar	—		5			—		5
Korean Won	—		129			—		129
Euro	—		(367		)	—		(367		)
Chinese Renminbi	—		(1		)	—		(1		)
Singapore Dollar	—		20			—		20
Total forward contracts	$	—	$	(245	)	$	—	$	(245	)
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	1,916	$	—		$	—	$	1,916
Money market securities	588		—			—		588
Total deferred compensation plan assets	$	2,504	$	—		$	—	$	2,504

*These investments represent assets held in trust for our deferred compensation plan

March 28, 2015	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	14,280	$	—		$	—	$	14,280
Commercial paper	—		15,537			—		15,537
Government agencies	—		2,702			—		2,702
Total cash equivalents	$	14,280	$	18,239		$	—	$	32,519
Short term investments - available for sale:
Municipal bonds	$	—	$	3,872		$	—	$	3,872
Corporate bonds	—		853			—		853
Total short-term investments - available for sale	$	—	$	4,725		$	—	$	4,725
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		)
Total forward contracts	$	—	$	76		$	—	$	76
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	1,885	$	—		$	—	$	1,885
Money market securities	190		—			—		190
Total deferred compensation plan assets	$	2,075	$	—		$	—	$	2,075

*These investments represent assets held in trust for our deferred compensation plan

Investments

April 2, 2016 and March 28, 2015 were as follows (in thousands):

			Unrealized
April 2, 2016	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
Commercial paper	$	13,137	$	—	$	—		$	13,137
Government agencies	13,247		5		—			13,252
Total investments (current)	$	26,384	$	5	$	—		$	26,389
Available-for-sale securities (non-current):
Mutual funds, exchange traded funds and money market securities*	$	2,507	$	—	$	(3	)	$	2,504
Total investments (non-current)	$	2,507	$	—	$	(3	)	$	2,504
			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
Mutual funds, exchange traded funds and money market securities*	1,950		125		—			2,075
Total investments (current)	$	24,912	$	127	$	—		$	25,039