XML 44 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Instruments (Tables)
 12 Months Ended
Dec. 29, 2018
Cash, Cash Equivalents and Short-Term Investments and Long-Term Investments
Cash and cash equivalents, short-term investments and long-term investments consist of:
 
  
December 29, 2018
 
  
Amortized Cost
  
Unrealized
Holding Gains
  
Unrealized
Holding Losses
  
Fair Value
 
  
(in thousands)
 
Cash and cash equivalents:
                
Cash
 $13,334  $—  $—  $13,334 
Money market funds
  3,335   —   —   3,335 
U.S. treasury and agency securities
  2,046   —   —   2,046 
Total cash and cash equivalents
 $18,715  $—  $—  $18,715 
Short-term investments:
                
Certificates of deposit
 $5,299  $1  $1  $5,299 
Commercial paper
  2,242   —   1   2,241 
Corporate bonds and medium-term notes
  4,759   —   13   4,746 
Municipal bonds
  500   —   2   498 
U.S. treasury and agency securities
  3,297   —   5   3,292 
Total short-term investments
 $16,097  $1  $22  $16,076 
Long-term investments:
                
Certificates of deposit
 $500  $—  $—  $500 
Corporate bonds and medium-term notes
  2,879   4   4   2,879 
U.S. treasury and agency securities
  999   —   6   993 
Total long-term investments
 $4,378  $4  $10  $4,372 
Total cash, cash equivalents, and investments
 $39,190  $5  $32  $39,163 
  
 
 
  
December 30, 2017
 
  
Amortized Cost
  
Unrealized
Holding Gains
  
Unrealized
Holding Losses
  
Fair Value
 
  
(in thousands)
 
Cash and cash equivalents:
                
Cash
 $13,195  $—  $—  $13,195 
Money market funds
  6,746   —   —   6,746 
Total cash and cash equivalents
 $19,941  $—  $—  $19,941 
Short-term investments:
                
Certificates of deposit
 $2,500  $1  $1  $2,500 
Commercial paper
  3,291   —   —   3,291 
Corporate bonds and medium-term notes
  4,502   —   5   4,497 
Municipal bonds
  500   —   3   497 
U.S. treasury and agency securities
  4,917   —   4   4,913 
Total short-term investments
 $15,710  $1  $13  $15,698 
Long-term investments:
                
Asset backed securities
 $500  $—  $—  $500 
Corporate bonds and medium-term notes
  4,384   —   21   4,363 
U.S. treasury and agency securities
  1,998   —   12   1,986 
Total long-term investments
 $6,882  $—  $33  $6,849 
Total cash, cash equivalents, and investments
 $42,533  $1  $46  $42,488 
Contractual Maturities of Available-for-Sale Securities
The contractual maturities of 
available-for-sale
 securities at December 29, 2018 are presented in the following table.
 
  
Amortized Cost
  
Fair Value
 
  
(in thousands)
 
Due in one year or less
 $21,478  $21,457 
Due after one through five years
  4,378   4,372 
  $25,856  $25,829 
Fair Market Value of Investments with Unrealized Losses Not Deemed to be Other-Than Temporarily Impaired
The following table provides the fair market value of Intevac’s investments with unrealized losses that are not deemed to be other-than temporarily impaired as of December 29, 2018.
 
  
December 29, 2018
 
  
In Loss Position for

Less than 12 Months
  
In Loss Position for

Greater than 12 Months
 
  
Fair Value
  
Gross

Unrealized

Losses
  
Fair Value
  
Gross

Unrealized
Losses
 
  
(in thousands)
 
Certificates of deposit
 $3,797  $1  $—  $— 
Commercial paper
  2,241   1   —   — 
Corporate bonds and medium-term notes
  2,675   6   3,537   11 
Municipal bonds
  498   2   —   — 
U.S. treasury and agency securities
  1,492   6   1,994   5 
  $10,703  $16  $5,531  $16 
Fair Value Hierarchy of Available-for-Sale Securities Measured at Fair Value on Recurring Basis
The following table represents the fair value hierarchy of Intevac’s 
available-for-sale
 securities measured at fair value on a recurring basis as of December 29, 2018.
 
  
Fair Value Measurements

at December 29, 2018
 
  
Total
  
Level 1
  
Level 2
 
  
(in thousands)
 
Recurring fair value measurements:
            
Available-for-sale
 securities
            
Money market funds
 $3,335  $3,335  $— 
U.S. treasury and agency securities
  6,331   5,331   1,000 
Certificates of deposit
  5,799   —   5,799 
Commercial paper
  2,241   —   2,241 
Corporate bonds and medium-term notes
  7,625   —   7,625 
Municipal bonds
  498   —   498 
Total recurring fair value measurements
 $25,829  $8,666  $17,163 
Summary of Outstanding Derivative Instruments on Gross Basis as Recorded in Consolidated Balance Sheets
The following table summarizes the Company’s outstanding derivative instruments on a gross basis as recorded in its consolidated balance sheets as of December 29, 2018 and December 30, 2017:
 
  
Notional Amounts
  
Derivative Liabilities
 
Derivative Instrument
 
December 29,

2018
  
December 30,

2017
  
December 29,

2018
  
December 30,

2017
 
        
Balance

Sheet

Line
  
Fair

Value
  
Balance

Sheet

Line
  
Fair

Value
 
  
(In thousands)
             
Undesignated Hedges:
                        
Forward Foreign Currency Contracts
 $1,764   1,276   
*
 		  $8   
*
 		  $5 
Total Hedges
 $1,764   1,276      $8      $5 
 
*
Other accrued liabilities