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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.