Marketable Securities

12 Months Ended

Dec. 28, 2014

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable Securities

Our marketable debt securities consisted of the following:

(In thousands)	December 28, 2014		December 29, 2013
Short-term marketable securities
Marketable debt securities
U.S Treasury securities	$	238,488	$	143,510
Corporate debt securities	208,346		78,991
U.S. agency securities	32,009		31,518
Municipal securities	13,622		48,035
Certificates of deposit	109,293		31,949
Commercial paper	34,985		30,877
Total short-term marketable securities	$	636,743	$	364,880
Long-term marketable securities
Marketable debt securities
Corporate debt securities	$	71,191	$	98,979
U.S. agency securities	95,204		73,697
Municipal securities	1,425		3,479
Total long-term marketable securities	$	167,820	$	176,155

Marketable debt securities

As of December 28, 2014, our short-term and long-term marketable securities had remaining maturities of 1 month to 12 months and 13 months to 36 months, respectively.

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