Investments and Fair Value Measurements (Tables)

12 Months Ended

Mar. 28, 2020

Schedule of available-for-sale debt securities

Fair value of the financial assets measured at fair value on a recurring basis

The fair value of the financial assets and liabilities measured on a recurring basis was determined using the following levels of inputs as of March 28, 2020 and March 30, 2019 (in thousands):

				Total		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 28, 2020
	Assets
		Marketable equity securities		$	459	$	459	$	—	$	—
		Invested funds in deferred compensation plan (1)		19,398		19,398		—		—
			Total assets measured at fair value	$	19,857	$	19,857	$	—	$	—
	Liabilities
		Deferred compensation plan obligation (1)		$	19,398	$	19,398	$	—	$	—
		Contingent earn-out liability (2)		5,700		—		—		5,700
			Total liabilities measured at fair value	$	25,098	$	19,398	$	—	$	5,700
March 30, 2019
	Assets
		Money market funds		$	13	$	13	$	—	$	—
		Marketable equity securities		901		901		—		—
		Auction rate securities (3)		1,950		—		1,950		—
		Invested funds in deferred compensation plan (1)		18,737		18,737		—		—
			Total assets measured at fair value	$	21,601	$	19,651	$	1,950	$	—
	Liabilities
		Deferred compensation plan obligation (1)		$	18,737	$	18,737	$	—	$	—
			Total liabilities measured at fair value	$	18,737	$	18,737	$	—	$	—

(1) The Company's non-qualified deferred compensation plan provides eligible employees and members of the Board of Directors with the opportunity to defer a specified percentage of their cash compensation. The Company includes the assets deferred by the participants in the "Other current assets" and "Other non-current assets" line items of its Consolidated Balance Sheets and the Company's obligation to deliver the deferred compensation in the "Other current liabilities" and "Other long-term liabilities" line items of its Consolidated Balance Sheets.

(2) The Company recorded a contingent earn-out liability in conjunction with a recent acquisition (see Note 5 for disclosures related to acquisitions). The fair value of this liability was estimated using an option pricing model.

(3) The Company's Level 2 auction rate securities were debt instruments with interest rates that reset through periodic short-term auctions and valued based on quoted prices for identical or similar instruments in markets that were not active. The Company sold its auction rate securities at par value during fiscal 2020.