Fair Value Measurements (Tables)

12 Months Ended

Dec. 27, 2014

Financial Assets Measured At Fair Value On Recurring Basis

	Fair value,
	December 27, 2014
(in thousands)	Level 1		Level 2
Assets:
Money market funds (1)	$	8,729	$	—
Corporate bonds and notes (1)		88,401		17,030
United States (“US”) treasury and government agency notes (1)		38,283		1,387
Foreign government and agency notes (1)		537		7,525
US state and municipal securities (1)		—		231
Total assets	$	135,950	$	26,173

(1)

Included in cash and cash equivalents, short-term investments, and long-term investment securities (see Note 7. Investment Securities).


	Fair value,
	December 28, 2013
(in thousands)	Level 1		Level 2
Assets:
Money market funds (1)	$	14,629	$	—
Corporate bonds and notes (1)		79,653		3,166
US treasury and government agency notes (1)		28,985		—
Foreign government and agency notes (1)		2,048		—
US state and municipal securities (1)		433		—
Total assets	$	125,748	$	3,166

Financial Liabilities Measured At Fair Value On A Recurring Basis


	Fair value,
	December 27, 2014
(in thousands)	Level 2
Current liabilities:
Forward currency contracts (1)	$	1,907


	Fair value,
	December 28, 2013
(in thousands)	Level 2
Current liabilities:
Forward currency contracts (1)	$	612

(1)

Included in Accrued liabilities.

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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