Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 26, 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 December 26, 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	$	288,095	$	—	$	—	$	288,095
Available-for-sale securities
Corporate debt securities	$	—	$	353,115	$	—	$	353,115
Non-U.S. government securities	—		12,899		—		12,899
Agency discount notes	—		3,766		—		3,766
	$	—	$	369,780	$	—	$	369,780

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