Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 25, 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 December 25, 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	$	102,604	$	—	$	—	$	102,604
Available-for-sale securities
Corporate debt securities	$	—	$	69,789	$	—	$	69,789
Non-U.S. government securities	—		508		—		508
U.S. Treasury securities	5,342		—		—		5,342
Agency discount notes	—		198		—		198
	$	5,342	$	70,495	$	—	$	75,837

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