XML 45 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Mar. 27, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities
The following summarizes the fair value of our financial instruments at March 27, 2021 (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$405,819 $— $— $405,819 
Available-for-sale securities
Corporate debt securities$— $352,061 $— $352,061 
Non-U.S. government securities— 13,633 — 13,633 
Agency discount notes— 2,762 — 2,762 
$— $368,456 $— $368,456 

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 securities9,006 — — 9,006 
$9,006 $296,575 $— $305,581