Fair Value Measurements (Tables)

12 Months Ended

Jan. 03, 2020

Assets and Liabilities Measured at Fair Value on Recurring Basis

The fair value of these certain financial assets and liabilities was determined using the following inputs at January 3, 2020 (in thousands):

	Fair Value Measurements at Reporting Date Using
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Money market securities⁽¹⁾	$	41,211	$	41,211	$	—	$	—

Fixed income available for sale securities ⁽²⁾		55,165		—		55,165		—

Fixed income trading securities held in deferred compensation plan ⁽³⁾		22,010		22,010		—		—

Equity trading securities held in deferred compensation plan ⁽³⁾		53,924		53,924		—		—

Total	$	172,310	$	117,145	$	55,165	$	—

Liabilities
Deferred compensation plan⁽⁴⁾		76,357		76,357		—		—

Total	$	76,357	$	76,357	$	—	$	—

⁽¹⁾	Included in cash and cash equivalents on the Company’s consolidated balance sheet.

⁽²⁾	Included in short-term investments on the Company’s consolidated balance sheet.

⁽³⁾	Included in prepaid expenses and other current assets and deferred compensation plan assets on the Company’s consolidated balance sheet.

⁽⁴⁾	Included in accounts payable and accrued liabilities and deferred compensation plan liabilities on the Company’s consolidated balance sheet.

The fair value of these certain financial assets and liabilities was determined using the following inputs at December 28, 2018 (in thousands):

	Fair Value Measurements at Reporting Date Using
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Money market securities ⁽¹⁾	$	6,213	$	6,213	$	—	$	—

Fixed income available for sale securities ⁽²⁾		81,495		—		81,495		—

Fixed income trading securities held in deferred compensation plan ⁽³⁾		18,618		18,618		—		—

Equity trading securities held in deferred compensation plan ⁽³⁾		39,160		39,160		—		—

Total	$	145,486	$	63,991	$	81,495	$	—

Liabilities
Deferred compensation plan ⁽⁴⁾		59,349		59,349		—		—

Total	$	59,349	$	59,349	$	—	$	—

⁽¹⁾	Included in cash and cash equivalents on the Company’s consolidated balance sheet.

⁽²⁾	Included in short-term investments on the Company’s consolidated balance sheet.

⁽³⁾	Included in prepaid expenses and other current assets and deferred compensation plan assets on the Company’s consolidated balance sheet.

⁽⁴⁾	Included in accounts payable and accrued liabilities and deferred compensation plan liabilities on the Company’s consolidated balance sheet.

Summary of Cost and Estimated Fair Value of Short Term Fixed Income Securities

The following table summarizes the cost and estimated fair value of short-term fixed income securities classified as short-term investments based on remaining effective maturities as of January 3, 2020:

(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	49,842	$	50,119
Due between one and two years		4,999		5,046
Total	$	54,841	$	55,165