Fair Value of Financial Instruments (Tables)

3 Months Ended

Jun. 27, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Assets and Liabilities

The following summarizes the fair value of our financial instruments at June 27, 2020 (in thousands):

	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
Assets:
Cash equivalents
Money market funds	$	249,837	$	—	$	—	$	249,837
Available-for-sale securities
Corporate debt securities	$	—	$	300,670	$	—	$	300,670
Non-U.S. government securities	—		13,195		—		13,195
U.S. Treasury securities	5,375		—		—		5,375
Agency discount notes	—		889		—		889
	$	5,375	$	314,754	$	—	$	320,129

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The following summarizes the fair value of our financial instruments at March 28, 2020 (in thousands):

	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
Assets:
Cash equivalents
Money market funds	$	237,714	$	—	$	—	$	237,714
Available-for-sale securities
Corporate debt securities	$	—	$	283,832	$	—	$	283,832
Non-U.S. government securities	—		12,743		—		12,743
U.S. Treasury securities	9,006		—		—		9,006
	$	9,006	$	296,575	$	—	$	305,581