Fair Value Measurements (Tables)

6 Months Ended

Jul. 03, 2020

Fair Value Disclosures [Abstract]

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 July 3, 2020:

	Fair Value Measurements at Reporting Date Using
(In thousands)	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)	$	63,024	$	63,024	$	-	$	-
Fixed income available-for-sale securities (2)		34,220		-		34,220		-
Fixed income trading securities held in deferred    compensation plan (3)		26,524		26,524		-		-
Equity trading securities held in deferred compensation    plan (3)		48,614		48,614		-		-
Total	$	172,382	$	138,162	$	34,220	$	-
Liabilities
Deferred compensation plan (4)		75,807		75,807		-		-
Total	$	75,807	$	75,807	$	-	$	-

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

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

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

⁽⁴⁾ Included in accrued payroll and employee benefits and deferred compensation plan liabilities on the Company’s unaudited condensed consolidated balance sheet.  

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

	Fair Value Measurements at Reporting Date Using
(In thousands)	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 unaudited condensed consolidated balance sheet.

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

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

⁽⁴⁾ Included in accrued payroll and employee benefits and deferred compensation plan liabilities on the Company’s unaudited condensed consolidated balance sheet.  

Cash, cash equivalents and short-term investments

Cash, cash equivalents and short-term investments consisted of the following as of July 3, 2020:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
(In thousands)	Cost		Gains		Losses		Fair Value
Classified as current assets:
Cash	$	92,908	$	-	$	-	$	92,908
Cash equivalents:
Money market securities		63,024		-		-		63,024
Total cash equivalents		63,024		-		-		63,024
Total cash and cash equivalents		155,932		-		-		155,932
Short-term investments:
U.S. Treasury securities		33,954		266		-		34,220
Total short-term investments		33,954		266		-		34,220
Total cash, cash equivalents and short-term investments	$	189,886	$	266	$	-	$	190,152

Cash, cash equivalents and short-term investments consisted of the following as of January 3, 2020:

	Amortized		Unrealized		Unrealized		Estimated
(In thousands)	Cost		Gains		Losses		Fair Value
Classified as current assets:
Cash	$	135,225	$	-	$	-	$	135,225
Cash equivalents:
Money market securities		41,211		-		-		41,211
Total cash equivalents		41,211		-		-		41,211
Total cash and cash equivalents		176,436		-		-		176,436
Short-term investments:
U.S. Treasury and agency securities		54,841		324		-		55,165
Total short-term investments		54,841		324		-		55,165
Total cash, cash equivalents and short-term investments	$	231,277	$	324	$	-	$	231,601