INVESTMENTS IN SECURITIES

3 Months Ended

Apr. 01, 2018

Investments, Debt and Equity Securities [Abstract]

We recognize investments in available-for-sale securities as cash equivalents, current investments or long-term investments depending upon each security's length to maturity. Additionally, those securities identified by management at the time of purchase for funding operations in less than one year are classified as current.

The following table summarizes our investments in available-for-sale securities:



	April 1, 2018				December 31, 2017
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	327,286	$	327,286	$	330,456	$	330,456
Other	1,185		1,185		942		942

Securities classified as cash and cash equivalents mature within 90 days. Securities classified as short-term investments mature between 91 and 365 days. Securities classified as long-term investments mature after 365 days. The specific identification method is used to determine the cost of each security sold and each amount reclassified out of accumulated other comprehensive loss to earnings. Gross realized gains during the thirteen weeks ended April 1, 2018 related to the Company’s available-for-sale securities totaled $0.2 million while gross realized losses were immaterial. Gross realized gains and losses for the thirteen weeks ended March 26, 2017 related to the Company’s available-for-sale securities were immaterial. Proceeds received from the sale or maturity of available-for-sale securities recognized as either short or long-term investments are historically disclosed in the Condensed Consolidated and Combined Statements of Cash Flows. No proceeds were received from the sale or maturity of available-for-sale securities recognized as either short or long-term investments during the thirteen weeks ended April 1, 2018 and March 26, 2017. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during the thirteen weeks ended April 1, 2018 and March 26, 2017 that have been included in accumulated other comprehensive loss and the net amount of gains and losses reclassified out of accumulated other comprehensive loss to earnings during the thirteen weeks ended April 1, 2018 and March 26, 2017 is disclosed in “Note 15. Stockholders’ Equity”.