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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table details our investments in available-for-sale debt securities measured and recorded at fair value on a recurring basis at June 30, 2020:

(In thousands)Fair Value Measurements Using
DescriptionBalance Sheet ClassificationLevel 1Level 2Level 3
Money market fundsCash equivalents$36,403  $—  $—  
Time depositsCash equivalents—  58,407  —  
Time depositsShort-term investments—  21,445  —  
Commercial paperShort-term investments—  10,005  —  
Government and corporate bondsShort-term investments—  99,151  —  
Government and corporate bondsLong-term investments—  62,848  —  

The following table details our investments in available-for-sale debt securities measured and recorded at fair value on a recurring basis at December 28, 2019:

(In thousands)Fair Value Measurements Using
DescriptionBalance Sheet ClassificationLevel 1Level 2Level 3
Money market fundsCash equivalents$185,666  $—  $—  
Time depositsCash equivalents—  64,286  —  
Time depositsShort-term investments—  2,506  —  
Government and corporate bondsShort-term investments—  83,313  —  
Government and corporate bondsLong-term investments—  96,210  —