Cash and Cash Equivalents and Investments

12 Months Ended

Apr. 03, 2016

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 that are measured at fair value on a recurring basis as of April 3, 2016 and March 29, 2015, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.

Description	April 3, 2016		Level 1		Level 2		Level 3
(In thousands)
Assets:
Cash and cash equivalents	$	20,014	$	20,014	$	—	$	—
Description	March 29, 2015		Level 1		Level 2		Level 3
(In thousands)
Assets:
Cash and cash equivalents	$	18,639	$	18,639	$	—	$	—
Certificates of deposit	29,136		—		29,136		—
Municipal Bonds	2,598		—		2,598		—

As of March 29, 2015, our financial assets that were measured at fair value on a recurring basis were CD’s and municipal bonds, with maturities ranging from three months to three years, which fall within valuation technique Level 2. The CD’s and municipal bonds were classified as investments in current assets and noncurrent assets on the consolidated balance sheets.

The carrying value of cash and cash equivalents accounts approximates fair value, as maturities are three months or less. During the fiscal year ended April 3, 2016, we sold all available-for-sale securities to partially fund the purchase of Stauber as discussed in Note 2. Realized gains and losses were not material for fiscal 2016, 2015 or 2014.