XML 71 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Values (Tables)
9 Months Ended
Jun. 28, 2014
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured at fair value
Financial assets and liabilities measured at fair value as of June 28, 2014 are summarized below (in thousands):
 
 
Quoted Prices in
Active Markets
for Identical
Assets
 
Significant
Other
Observable
Inputs
 
Quoted Prices in
Active Markets
for Identical
Assets
 
Significant
Other
Observable
Inputs
 
June 28, 2014
 
September 28, 2013
 
(Level 1)
 
(Level 2)
 
(Level 1)
 
(Level 2)
Money market fund deposits (1)
$
9,061

 
$

 
$
12,468

 
$

Certificates of deposit (1)

 
41,584

 

 
28,447

U.S. and international government obligations (2)(5)

 
113,071

 

 
109,263

Corporate notes and obligations (2)(5)

 
28,631

 

 
20,408

Commercial paper (2)(5)

 
11,990

 

 
9,995

Foreign currency contracts (3)(6)

 
(372
)
 

 
746

Mutual funds — Deferred comp and supplemental plan (4)(7)
14,541

 

 
13,419

 

 ___________________________________________________
(1)          Included in cash and cash equivalents on the Condensed Consolidated Balance Sheet. The carrying amounts approximate fair value due to the short-term maturities of the cash equivalents.

(2)
Included in short-term investments on the Condensed Consolidated Balance Sheet.

(3) 
June 28, 2014: Includes $46 recorded in prepaid expenses and other assets, all of which was for non-designated forward contracts and $418 recorded in other current liabilities on the Condensed Consolidated Balance Sheet (see Note 5), of which $231was designated as cash flow contracts and the remainder was for non-designated forward contracts.

September 28, 2013: Includes $1,270 recorded in prepaid expenses and other assets and $524 recorded in other current liabilities on the Condensed Consolidated Balance Sheet (see Note 5), all of which were non-designated forward contracts.

(4)          June 28, 2014: Includes $1,456 recorded in prepaid expenses and other assets and $13,085 recorded in other assets on the Condensed Consolidated Balance Sheet.

September 28, 2013: Includes $1,361 recorded in prepaid expenses and other assets and $12,058 recorded in other assets on the Condensed Consolidated Balance Sheet.

(5)
Valuations are based upon quoted market prices in active markets involving similar assets. The market inputs used to value these instruments generally consist of market yields, reported trades, broker/dealer quotes or alternative pricing sources with reasonable levels of price transparency. Pricing sources include industry standard data providers, security master files from large financial institutions, and other third party sources which are input into a distribution-curve-based algorithm to determine a daily market value. This creates a “consensus price” or a weighted average price for each security.

(6)
The principal market in which we execute our foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large commercial banks. Our foreign currency contracts’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment.

(7)
The fair value of mutual funds is determined based on quoted market prices. Securities traded on a national exchange are stated at the last reported sales price on the day of valuation; other securities traded in over-the-counter markets and listed securities for which no sale was reported on that date are stated as the last quoted bid price.