Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 26, 2022

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 26, 2022 (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	$	217,151	$	—	$	—	$	217,151
Commercial paper	—		249		—		249
	$	217,151	$	249	$	—	$	217,400
Available-for-sale securities
Corporate debt securities	$	—	$	68,165	$	—	$	68,165
Non-U.S. government securities	—		500		—		500
U.S. Treasury securities	5,314		—		—		5,314
Agency discount notes	—		371		—		371
	$	5,314	$	69,036	$	—	$	74,350

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