Marketable Securities

9 Months Ended

Sep. 29, 2013

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

MARKETABLE SECURITIES

Our marketable debt and equity securities consisted of the following:

(In thousands)	September 29, 2013		December 30, 2012
Short-term marketable securities
Marketable debt securities
U.S Treasury securities	$	143,524	$	124,831
Corporate debt securities	79,331		—
U.S. agency securities	51,145		—
Municipal securities	45,495		—
Certificates of deposit	32,523		—
Commercial paper	30,777		9,989
Total short-term marketable securities	$	382,795	$	134,820
Long-term marketable securities
Marketable debt securities
Corporate debt securities	$	100,129	$	—
U.S. agency securities	53,537		—
Municipal securities	7,018		—
Total	160,684		—
Marketable equity security
Available-for-sale security	4,694		4,444
Total long-term marketable securities	$	165,378	$	4,444

Marketable debt securities

As of September 29, 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/(Loss). During the quarter ended September 29, 2013, we recognized an unrealized gain of $1.0 million ($0.6 million, net of tax).

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