Cash and Cash Equivalents and Investments

12 Months Ended

Mar. 31, 2013

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents and Investments

Cash and Cash Equivalents and Investments

The following table presents information about our financial assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2013 and April 1, 2012, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.

Description	March 31, 2013		Level 1		Level 2		Level 3
(In thousands)
Assets:
Cash	$	28,715	$	28,715	$	—	$	—
Certificates of deposit	21,222		—		21,222		—
Money market securities	—		—		—		—
Description	April  1, 2012		Level 1		Level 2		Level 3
(In thousands)
Assets:
Cash	$	28,006	$	28,006	$	—	$	—
Certificates of deposit	17,349		—		17,349		—
Money market securities	560		560		—		—

Our financial assets that are measured at fair value on a recurring basis are certificates of deposit (“CD's”), with maturities ranging from three months to two years which fall within valuation technique Level 2. The CD's are classified as investments in current assets and noncurrent assets on the Consolidated Balance Sheets. As of March 31, 2013, the CD's have a fair value of $15.6 million in current assets and $5.6 million in noncurrent assets.

The carrying value of cash and cash equivalents accounts approximates fair value, as maturities are three months or less. We did not have any financial liability instruments subject to recurring fair value measurements as of March 31, 2013 and April 1, 2012.

The contractual maturities of available-for-sale securities at March 31, 2013 and April 1, 2012 are shown in the table below:

	March 31, 2013							April 1, 2012
(In thousands)		Amortized Cost		Fair Value		Unrealized Gain/(loss)		Amortized Cost		Fair Value		Unrealized Gain/(loss)
Within one year		$	15,615	$	15,625	$	10	$	12,205	$	12,210	$	5
Between one and two years		5,590		5,597		7		5,145		5,139		(6		)
Total available-for-sale securities		$	21,205	$	21,222	$	17	$	17,350	$	17,349	$	(1	)

Realized gains and losses were not material for fiscal 2013, 2012 and 2011.