XML 38 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Cash, Cash Equivalents, and Investments (Tables)
 6 Months Ended
Jul. 02, 2017
Cash and Cash Equivalents [Abstract]  
Components of Cash, Cash Equivalents, and Investments
Cash, cash equivalents, and investments consisted of the following (in thousands):
 
July 2, 2017
 
December 31, 2016
Cash
$
64,712

 
$
77,307

Money market instruments
3,554

 
2,334

Cash and cash equivalents
68,266

 
79,641

Treasury bills
97,018

 
67,175

Corporate bonds
86,000

 
141,188

Euro liquidity fund
79,256

 
46,499

Asset-backed securities
42,449

 
69,614

Sovereign bonds
24,454

 
7,298

Agency bonds
7,610

 
2,903

Municipal bonds
5,615

 
6,517

Short-term investments
342,402

 
341,194

Corporate bonds
239,159

 
169,952

Treasury bills
55,545

 
92,280

Asset-backed securities
44,811

 
26,946

Sovereign bonds
6,479

 
23,585

Agency bonds
5,802

 
10,339

Municipal bonds
2,862

 
1,233

Long-term investments
354,658

 
324,335

 
$
765,326

 
$
745,170
Summary of Available-for-Sale Investments
The following table summarizes the Company’s available-for-sale investments as of July 2, 2017 (in thousands):
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
Short-term:
 
 
 
 
 
 
 
Treasury bills
$
97,218

 
$
—

 
$
(200
)
 
$
97,018

Corporate bonds
85,918

 
85

 
(3
)
 
86,000

Euro liquidity fund
78,824

 
432

 
—

 
79,256

Asset-backed securities
42,467

 
2

 
(20
)
 
42,449

Sovereign bonds
24,495

 
4

 
(45
)
 
24,454

Agency bonds
7,600

 
10

 
—

 
7,610

Municipal bonds
5,615

 
—

 
—

 
5,615

Long-term:
 
 
 
 
 
 


Corporate bonds
238,417

 
929

 
(187
)
 
239,159

Treasury bills
55,671

 
—

 
(126
)
 
55,545

Asset-backed securities
44,733

 
95

 
(17
)
 
44,811

Sovereign bonds
6,519

 
1

 
(41
)
 
6,479

Agency bonds
5,787

 
16

 
(1
)
 
5,802

Municipal bonds
2,860

 
2

 
—

 
2,862

 
$
696,124

 
$
1,576

 
$
(640
)
 
$
697,060
Gross Unrealized Losses and Fair Values for Available-for-Sale Investments
The following table summarizes the Company’s gross unrealized losses and fair values for available-for-sale investments in an unrealized loss position as of July 2, 2017 (in thousands):
 
Unrealized Loss Position For:
 
 
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Treasury bills
$
143,666

 
$
(306
)
 
$
8,897

 
$
(20
)
 
$
152,563

 
$
(326
)
Corporate bonds
62,295

 
(190
)
 
—

 
—

 
62,295

 
(190
)
Asset-backed securities
52,141

 
(37
)
 
—

 
—

 
52,141

 
(37
)
Sovereign bonds
24,737

 
(84
)
 
3,001

 
(2
)
 
27,738

 
(86
)
Agency bonds
3,076

 
(1
)
 
—

 
—

 
3,076

 
(1
)
 
$
285,915


$
(618
)

$
11,898


$
(22
)

$
297,813


$
(640
)
Effective Maturity Dates of Available-for-Sale Investments
The following table presents the effective maturity dates of the Company’s available-for-sale investments as of July 2, 2017 (in thousands):
 
<1 year
 
1-2 Years
 
2-3 Years
 
3-4 Years
 
4-5 Years
 
5-7 Years
 
Total
Corporate bonds
$
86,000

 
$
112,337

 
$
86,773

 
$
7,602

 
$
32,447

 
$
—

 
$
325,159

Treasury bills
97,018

 
55,545

 
—

 
—

 
—

 
—

 
152,563

Asset-backed securities
42,449

 
21,856

 
20,100

 
—

 
—

 
2,855

 
87,260

Euro liquidity fund
79,256

 
—

 
—

 
—

 
—

 
—

 
79,256

Sovereign bonds
24,454

 
3,819

 
2,660

 
—

 
—

 
—

 
30,933

Agency bonds
7,610

 
2,726

 
3,076

 
—

 
—

 
—

 
13,412

Municipal bonds
5,615

 
2,862

 
—

 
—

 
—

 
—

 
8,477

 
$
342,402


$
199,145


$
112,609


$
7,602


$
32,447


$
2,855


$
697,060