Fair Value Measurements (Tables)

9 Months Ended

Dec. 30, 2017

Fair Value Disclosures [Abstract]

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

The Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of December 30, 2017 and April 1, 2017 was as follows (in thousands):

December 30, 2017	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	24,537	$	—		$	—	$	24,537
Commercial paper	—		4,149			—		4,149
Total cash equivalents	$	24,537	$	4,149		$	—	$	28,686
Short term investments - available for sale:
U.S. treasury fund	$	10,447	$	—		$	—	$	10,447
Commercial paper	—		24,173			—		24,173
Corporate bonds	—		2,204			—		2,204
Total short-term investments - available for sale	$	10,447	$	26,377		$	—	$	36,824
Forward purchase or (sale) contracts:
Japanese Yen	$	—	$	(1	)	$	—	$	(1	)
New Taiwan Dollar	—		11			—		11
Korean Won	—		(4		)	—		(4		)
Euro	—		(14		)	—		(14		)
British Pound	—		(13		)	—		(13		)
Chinese Renminbi	—		(51		)	—		(51		)
Total forward contracts	$	—	$	(72	)	$	—	$	(72	)
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	2,634	$	—		$	—	$	2,634
Money market securities	959		—			—		959
Total deferred compensation plan assets	$	3,593	$	—		$	—	$	3,593

April 1, 2017	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	22,395	$	—		$	—	$	22,395
Commercial paper	—		4,945			—		4,945
Total cash equivalents	$	22,395	$	4,945		$	—	$	27,340
Short term investments - available for sale:
Commercial paper	$	—	$	5,743		$	—	$	5,743
Total short-term investments - available for sale	$	—	$	5,743		$	—	$	5,743
Forward purchase or (sale) contracts:
Japanese Yen	$	—	$	9		$	—	$	9
New Taiwan Dollar	—		20			—		20
Korean Won	—		39			—		39
Euro	—		(96		)	—		(96		)
British Pound	—		16			—		16
Chinese Renminbi	—		(5		)	—		(5		)
Singapore Dollar	—		(1		)	—		(1		)
Total forward contracts	$	—	$	(18	)	$	—	$	(18	)
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	845	$	—		$	—	$	845
Money market securities	2,213		—			—		2,213
Total deferred compensation plan assets	$	3,058	$	—		$	—	$	3,058

Investments

The Company’s investments, other than money market securities for which there is no unrealized gain or loss, at December 30, 2017 and April 1, 2017 were as follows (in thousands):

			Unrealized
December 30, 2017	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
U.S. treasury fund	$	10,465	$	—	$	(18	)	$	10,447
Commercial paper	28,322		—		—			28,322
Corporate Bonds	2,205		—		(1		)	2,204
Total investments (current)	$	40,992	$	—	$	(19	)	$	40,973
Available-for-sale securities (non-current):
Mutual funds, exchange traded funds and money market securities*	$	3,322	$	271	$	—		$	3,593
Total investments (non-current)	$	3,322	$	271	$	—		$	3,593
			Unrealized
April 1, 2017	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
Commercial paper	$	10,688	$	—	$	—		$	10,688
Total investments (current)	$	10,688	$	—	$	—		$	10,688
Available-for-sale securities (non-current):
Mutual funds, exchange traded funds and money market securities*	$	2,974	$	84	$	—		$	3,058
Total investments (non-current)	$	2,974	$	84	$	—		$	3,058