Fair Value Measurements (Tables)

12 Months Ended

Dec. 30, 2017

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The Company’s financial assets and liabilities measured at fair value on a recurring basis at December 30, 2017, were as follows:



	Fair Value Measurements as of
	December 30, 2017
Description	Level 1		Level 2 (1)		Level 3
	(In thousands)
Assets:
Money market funds	$	3,165	$	—	$	—
Corporate and government bonds	—		37,225		—
Derivative instruments (Note 10)	—		1,017		—
Total assets measured at fair value	$	3,165	$	38,242	$	—

Liabilities:
Derivative instruments (Note 10)	$	—	$	500	$	—
Total liabilities measured at fair value	$	—	$	500	$	—

The Company’s financial assets and liabilities measured at fair value on a recurring basis at December 31, 2016, were as follows:



	Fair Value Measurements as of
	December 31, 2016
Description	Level 1		Level 2 (1)		Level 3
	(In thousands)
Assets:
Money market funds	$	156,980	$	—	$	—
Corporate and government bonds	—		39,930		—
Derivative instruments (Note 10)	—		180		—
Total assets measured at fair value	$	156,980	$	40,110	$	—

Liabilities:
Derivative instruments (Note 10)	$	—	$	43	$	—
Total liabilities measured at fair value	$	—	$	43	$	—

(1) Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.