Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2021

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 2, 2021:

	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)	$	101,572	$	101,572	$	-	$	-
Fixed income trading securities held in deferred    compensation plan (3)		24,818		24,818		-		-
Equity trading securities held in deferred compensation    plan (3)		78,736		78,736		-		-
Total	$	205,126	$	205,126	$	-	$	-
Liabilities
Deferred compensation plan (4)		104,609		104,609		-		-
Total	$	104,609	$	104,609	$	-	$	-

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

⁽²⁾ Included in prepaid expenses and other current assets and deferred compensation plan assets on the Company’s unaudited condensed consolidated balance sheet.

⁽³⁾ 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 1, 2021:

	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)	$	51,442	$	51,442	$	-	$	-
Fixed income available for sale securities (2)		45,001		-		45,001		-
Fixed income trading securities held in deferred    compensation plan (2)		26,274		26,274		-		-
Equity trading securities held in deferred compensation    plan (3)		62,473		62,473		-		-
Total	$	185,190	$	140,189	$	45,001	$	-
Liabilities
Deferred compensation plan (3)		88,977		88,977		-		-
Total	$	88,977	$	88,977	$	-	$	-

⁽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 and cash equivalents consisted of the following as of July 2, 2021:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
(In thousands)	Cost		Gains		Losses		Fair Value
Classified as current assets:
Cash	$	138,381	$	-	$	-	$	138,381
Cash equivalents:
Money market securities		101,572		-		-		101,572
Total cash equivalents		101,572		-		-		101,572
Total cash and cash equivalents		239,953		-		-		239,953

Cash, cash equivalents and short-term investments consisted of the following as of January 1, 2021:

	Amortized		Unrealized		Unrealized		Estimated
(In thousands)	Cost		Gains		Losses		Fair Value
Classified as current assets:
Cash	$	146,083	$	-	$	-	$	146,083
Cash equivalents:
Money market securities		51,442		-		-		51,442
Total cash equivalents		51,442		-		-		51,442
Total cash and cash equivalents		197,525		-		-		197,525
Short-term investments:
U.S. Treasury and agency securities		44,993		8		-		45,001
Total short-term investments		44,993		8		-		45,001
Total cash, cash equivalents and short-term investments	$	242,518	$	8	$	-	$	242,526