Fair Value Measurements (Tables)

9 Months Ended

Dec. 27, 2014

Fair Value Hierarchy for Financial Assets Measured at Fair Value on Recurring Basis

The Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis as of December 27, 2014 and March 29, 2014 was as follows (in thousands):



December 27, 2014	Level 1		Level 2			Level 3		Total
Money market securities	$	1,215	$	—		$	—	$	1,215
Municipal bonds	—		3,871			—		3,871
Commercial paper	—		3,400			—		3,400
Government agencies	—		3,001			—		3,001
Corporate Bonds	—		852			—		852
Forward purchase or (sale) contracts:
Japanese Yen	—		149			—		149
New Taiwan Dollar	—		24			—		24
Korean Won	—		(9		)	—		(9		)
Euro	—		287			—		287
British Pound	—		(19		)	—		(19		)
Chinese Renminbi	—		3			—		3
Singapore Dollar	—		(19		)	—		(19		)



March 29, 2014	Level 1		Level 2			Level 3		Total
Money market securities	$	9,456	$	—		$	—	$	9,456
Commercial paper	—		6,700			—		6,700
Government agencies	—		8,037			—		8,037
Corporate bonds	—		17,328			—		17,328
Municipal bonds	—		12,725			—		12,725
Forward purchase or (sale) contracts:
Japanese Yen	—		25			—		25
New Taiwan Dollar	—		(6		)	—		(6		)
Korean Won	—		(44		)	—		(44		)
Euro	—		39			—		39
British Pound	—		(19		)	—		(19		)
Chinese Renminbi	—		(2		)	—		(2		)
Singapore Dollar	—		1			—		1

Investments

Certain information regarding the Company’s investments at December 27, 2014 and March 29, 2014 was as follows (in thousands):



			Unrealized
December 27, 2014	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Municipal Bonds	$	3,865	$	6	$	—	$	3,871
Commercial paper	3,400		—		—		3,400
Government agencies	3,001		—		—		3,001
Corporate Bonds	852		—		—		852
	$	11,118	$	6	$	—	$	11,124
Available-for-sale securities (non-current):
	$	—	$	—	$	—	$	—

			Unrealized
March 29, 2014	Cost		Gain		Loss		Fair Value
Available-for-sale securities (current):
Commercial paper	$	6,700	$	—	$	—	$	6,700
Government agencies	8,035		2		—		8,037
Corporate Bonds	17,321		7		—		17,328
Municipal Bonds	8,737		4		—		8,741
	$	40,793	$	13	$	—	$	40,806
Available-for-sale securities (non-current):
Municipal Bonds	3,976		9		—		3,985
	$	3,976	$	9	$	—	$	3,985