Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Oct. 03, 2015

Cash, Cash Equivalents and Investments

Schedule of cash, cash equivalents, and investments

The Company’s cash, cash equivalents and investments consisted of the following (in thousands):

	October 3, 2015
	Cost		Gross Unrealized Losses			Gross Unrealized Gains		Fair Value
Cash and Cash Equivalents:
Cash on hand	$	68,421	$	—		$	—	$	68,421
Available-for-sale securities:
Money market funds	63,316		—			—		63,316
Certificates of deposit	3,903		—			—		3,903
Total available-for-sale securities	67,219		—			—		67,219
Total cash and cash equivalents	$	135,640	$	—		$	—	$	135,640
Short-term Investments:
Available-for-sale securities:
Municipal bonds	$	98,605	$	(10	)	$	146	$	98,741
Variable-rate demand notes	9,495		—			—		9,495
International government bonds	2,234		—			1		2,235
Corporate bonds	2,202		(3		)	—		2,199
Total short-term investments	$	112,536	$	(13	)	$	147	$	112,670
Long-term Investments:
Available-for-sale securities:
Auction rate securities	$	8,000	$	(760	)	$	—	$	7,240
Total long-term investments	$	8,000	$	(760	)	$	—	$	7,240

	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 October 3, 2015	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Municipal bonds	$	8,274	$	(10	)	$	—	$	—		$	8,274	$	(10	)
Auction rate securities	—		—			7,240		(760		)	7,240		(760		)
International government bonds	2,199		(3		)	—		—			2,199		(3		)
	$	10,473	$	(13	)	$	7,240	$	(760	)	$	17,713	$	(773	)

	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	)

Summarization of contractual underlying maturities of available-for-sale investments

The following summarizes the contractual underlying maturities of the Company’s available-for-sale investments at October 3, 2015 (in thousands):

	Cost		Fair Value
Due in one year or less	$	139,704	$	139,779
Due after one year through ten years	33,136		33,195
Due after ten years	14,915		14,155
	$	187,755	$	187,129