| Schedule of cash, cash equivalents, and investments |
The Company’s cash, cash equivalents and investments consisted of the following (in thousands):
|
|
|
July 4, 2015 |
|
|
|
|
Cost |
|
Gross
Unrealized
Losses |
|
Gross
Unrealized
Gains |
|
Fair Value |
|
|
Cash and Cash Equivalents: |
|
|
|
|
|
|
|
|
|
|
Cash on hand |
|
$ |
65,449 |
|
$ |
— |
|
$ |
— |
|
$ |
65,449 |
|
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
43,689 |
|
— |
|
— |
|
43,689 |
|
|
Commercial paper |
|
9,823 |
|
— |
|
— |
|
9,823 |
|
|
Certificates of deposit |
|
5,547 |
|
— |
|
— |
|
5,547 |
|
|
Municipal bonds |
|
543 |
|
— |
|
— |
|
543 |
|
|
Total available-for-sale securities |
|
59,602 |
|
— |
|
— |
|
59,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash and cash equivalents |
|
$ |
125,051 |
|
$ |
— |
|
$ |
— |
|
$ |
125,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Investments: |
|
|
|
|
|
|
|
|
|
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
Municipal bonds |
|
$ |
122,148 |
|
$ |
(45 |
) |
$ |
96 |
|
$ |
122,199 |
|
|
Variable-rate demand notes |
|
14,495 |
|
— |
|
— |
|
14,495 |
|
|
Corporate bonds |
|
7,431 |
|
(6 |
) |
1 |
|
7,426 |
|
|
International government bonds |
|
2,240 |
|
(3 |
) |
— |
|
2,237 |
|
|
Commercial paper |
|
1,199 |
|
— |
|
— |
|
1,199 |
|
|
Total short-term investments |
|
$ |
147,513 |
|
$ |
(54 |
) |
$ |
97 |
|
$ |
147,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term Investments: |
|
|
|
|
|
|
|
|
|
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
Auction rate securities |
|
$ |
8,000 |
|
$ |
(821 |
) |
$ |
— |
|
$ |
7,179 |
|
|
Total long-term investments |
|
$ |
8,000 |
|
$ |
(821 |
) |
$ |
— |
|
$ |
7,179 |
|
|
|
|
January 3, 2015 |
|
|
|
|
Cost |
|
Gross
Unrealized
Losses |
|
Gross
Unrealized
Gains |
|
Fair Value |
|
|
Cash and Cash Equivalents: |
|
|
|
|
|
|
|
|
|
|
Cash on hand |
|
$ |
52,144 |
|
$ |
— |
|
$ |
— |
|
$ |
52,144 |
|
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
71,415 |
|
— |
|
— |
|
71,415 |
|
|
Certificates of deposit |
|
7,739 |
|
— |
|
— |
|
7,739 |
|
|
Commercial paper |
|
5,348 |
|
— |
|
— |
|
5,348 |
|
|
Municipal bonds |
|
1,756 |
|
— |
|
1 |
|
1,757 |
|
|
U.S. government agency |
|
1,202 |
|
— |
|
— |
|
1,202 |
|
|
Corporate bonds |
|
1,101 |
|
— |
|
— |
|
1,101 |
|
|
U.S. government bonds |
|
1,000 |
|
— |
|
— |
|
1,000 |
|
|
Total available-for-sale securities |
|
89,561 |
|
— |
|
1 |
|
89,562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash and cash equivalents |
|
$ |
141,705 |
|
$ |
— |
|
$ |
1 |
|
$ |
141,706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Investments: |
|
|
|
|
|
|
|
|
|
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
Municipal bonds |
|
$ |
129,005 |
|
$ |
(25 |
) |
$ |
172 |
|
$ |
129,152 |
|
|
Corporate bonds |
|
33,043 |
|
(35 |
) |
25 |
|
33,033 |
|
|
Variable-rate demand notes |
|
12,915 |
|
— |
|
— |
|
12,915 |
|
|
Commercial paper |
|
8,995 |
|
— |
|
— |
|
8,995 |
|
|
Asset-backed securities |
|
5,380 |
|
(3 |
) |
— |
|
5,377 |
|
|
International government bonds |
|
2,526 |
|
(10 |
) |
— |
|
2,516 |
|
|
U.S. government bonds |
|
650 |
|
— |
|
— |
|
650 |
|
|
U.S. government agency |
|
601 |
|
— |
|
— |
|
601 |
|
|
Certificates of deposit |
|
250 |
|
— |
|
— |
|
250 |
|
|
Total short-term investments |
|
$ |
193,365 |
|
$ |
(73 |
) |
$ |
197 |
|
$ |
193,489 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term Investments: |
|
|
|
|
|
|
|
|
|
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
Auction rate securities |
|
$ |
8,000 |
|
$ |
(581 |
) |
$ |
— |
|
$ |
7,419 |
|
|
Total long-term investments |
|
$ |
8,000 |
|
$ |
(581 |
) |
$ |
— |
|
$ |
7,419 |
|
|
| Schedule of available-for-sale investments in continuous unrealized loss position by length of time |
The available-for-sale investments that were in a continuous unrealized loss position, aggregated by length of time that individual securities have been in a continuous loss position, were as follows (in thousands):
|
|
|
Less Than 12 Months |
|
12 Months or Greater |
|
Total |
|
|
As of July 4, 2015 |
|
Fair
Value |
|
Gross
Unrealized
Losses |
|
Fair
Value |
|
Gross
Unrealized
Losses |
|
Fair
Value |
|
Gross
Unrealized
Losses |
|
|
Municipal bonds |
|
$ |
26,686 |
|
$ |
(45 |
) |
$ |
— |
|
$ |
— |
|
$ |
26,686 |
|
$ |
(45 |
) |
|
Auction rate securities |
|
— |
|
— |
|
7,179 |
|
(821 |
) |
7,179 |
|
(821 |
) |
|
Corporate bonds |
|
6,315 |
|
(6 |
) |
— |
|
— |
|
6,315 |
|
(6 |
) |
|
International government bonds |
|
2,237 |
|
(3 |
) |
— |
|
— |
|
2,237 |
|
(3 |
) |
|
|
|
$ |
35,238 |
|
$ |
(54 |
) |
$ |
7,179 |
|
$ |
(821 |
) |
$ |
42,417 |
|
$ |
(875 |
) |
|
|
|
Less Than 12 Months |
|
12 Months or Greater |
|
Total |
|
|
As of January 3, 2015 |
|
Fair
Value |
|
Gross
Unrealized
Losses |
|
Fair
Value |
|
Gross
Unrealized
Losses |
|
Fair
Value |
|
Gross
Unrealized
Losses |
|
|
Municipal bonds |
|
$ |
23,735 |
|
$ |
(25 |
) |
$ |
— |
|
$ |
— |
|
$ |
23,735 |
|
$ |
(25 |
) |
|
Corporate bonds |
|
20,327 |
|
(35 |
) |
— |
|
— |
|
20,327 |
|
(35 |
) |
|
Auction rate securities |
|
— |
|
— |
|
7,419 |
|
(581 |
) |
7,419 |
|
(581 |
) |
|
Asset-backed securities |
|
5,080 |
|
(3 |
) |
— |
|
— |
|
5,080 |
|
(3 |
) |
|
International government bond |
|
2,516 |
|
(10 |
) |
— |
|
— |
|
2,516 |
|
(10 |
) |
|
|
|
$ |
51,658 |
|
$ |
(73 |
) |
$ |
7,419 |
|
$ |
(581 |
) |
$ |
59,077 |
|
$ |
(654 |
) |
|