Marketable Securities

3 Months Ended

Mar. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

MARKETABLE SECURITIES

Our marketable debt and equity securities consisted of the following:

(In thousands)	March 31, 2013		December 30, 2012
Short-term marketable securities
Marketable debt securities
U.S Treasury securities	$	209,320	$	124,831
Corporate debt securities	62,634		—
U.S. agency securities	55,461		—
Municipal securities	23,094		—
Commercial paper	9,735		9,989
Certificates of deposit	6,561		—
Total short-term marketable securities	$	366,805	$	134,820
Long-term marketable securities
Marketable debt securities
Corporate debt securities	$	111,473	$	—
U.S. agency securities	56,998		—
Municipal securities	19,301		—
Total	187,772		—
Marketable equity security
Available-for-sale security	3,069		4,444
Total long-term marketable securities	$	190,841	$	4,444

Marketable debt securities

As of March 31, 2013, our marketable debt securities had remaining maturities of about 1 month to 34 months.

Marketable equity security

Our investment in the common stock of Brightcove, Inc. is accounted for as available-for-sale and stated at fair value. Changes in the fair value of our available-for-sale security are recognized as unrealized gains or losses within “Long-term marketable securities” and “Accumulated other comprehensive loss, net of income taxes” in our Condensed Consolidated Balance Sheets and “Unrealized (loss)/gain on available-for-sale security” in our Condensed Consolidated Statements of Comprehensive Income. During the quarter ended March 31, 2013, we recognized an unrealized loss of $1.4 million ($0.8 million after-tax).

See Note 8 for additional information regarding the fair value of our marketable securities.