Marketable Securities

12 Months Ended

Dec. 29, 2013

Marketable Securities [Abstract]

Marketable Securities

Marketable Securities

Our marketable debt and equity securities consisted of the following:

(In thousands)	December 29, 2013		December 30, 2012
Short-term marketable securities
Marketable debt securities
U.S Treasury securities	$	143,510	$	124,831
Corporate debt securities	78,991		—
U.S. agency securities	31,518		—
Municipal securities	48,035		—
Certificates of deposit	31,949		—
Commercial paper	30,877		9,989
Total short-term marketable securities	$	364,880	$	134,820
Long-term marketable securities
Marketable debt securities
Corporate debt securities	$	98,979	$	—
U.S. agency securities	73,697		—
Municipal securities	3,479		—
Total	176,155		—
Marketable equity security
Available-for-sale security	—		4,444
Total long-term marketable securities	$	176,155	$	4,444

Marketable debt securities

As of December 29, 2013, our marketable securities had remaining maturities of 1 month to 36 months.

Marketable equity security

Our investment in the common stock of Brightcove, Inc. was accounted for as available-for-sale and stated at fair value. Changes in the fair value of our available-for-sale security were 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 fourth quarter of 2013, we sold our remaining investment in the common stock of Brightcove, Inc. We received cash proceeds of $5.5 million and recognized a gain of $1.1 million, ($0.7 million, net of tax). Upon sale, net realized gains were transferred from accumulated other comprehensive income into the Condensed Consolidated Statement of Income.

See Note 10 for additional information regarding the fair value of our marketable securities.