Marketable Securities

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

MARKETABLE SECURITIES

Our marketable debt and equity securities consisted of the following:

(In thousands)	June 30, 2013		December 30, 2012
Short-term marketable securities
Marketable debt securities
U.S Treasury securities	$	172,988	$	124,831
Corporate debt securities	76,840		—
U.S. agency securities	57,302		—
Municipal securities	30,650		—
Certificates of deposit	27,067		—
Commercial paper	23,523		9,989
Total short-term marketable securities	$	388,370	$	134,820
Long-term marketable securities
Marketable debt securities
Corporate debt securities	$	100,140	$	—
U.S. agency securities	53,497		—
Municipal securities	13,023		—
Total	166,660		—
Marketable equity security
Available-for-sale security	4,330		4,444
Total long-term marketable securities	$	170,990	$	4,444

Marketable debt securities

As of June 30, 2013, our marketable debt securities had remaining maturities of about 1 month to 36 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 gain/(loss) on available-for-sale security” in our Condensed Consolidated Statements of Comprehensive Income. During the quarter ended June 30, 2013, we recognized an unrealized gain of $1.3 million ($0.7 million after-tax).

See Note 9 for additional information regarding the fair value of our marketable securities.