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Fair Value Measurements (Tables)
 6 Months Ended
Sep. 26, 2015
Fair Value Disclosures [Abstract]  
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 September 26, 2015 and March 28, 2015 was as follows (in thousands):
September 26, 2015
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents:
 
 
 
 
 
 
 
Money market securities
$
4,141

 
$
—

 
$
—

 
$
4,141

Commercial paper
—

 
11,629

 
—

 
11,629

Government agencies
—

 
500

 
—

 
500

Total cash equivalents
$
4,141

 
$
12,129

 
$
—

 
$
16,270

 
 
 
 
 
 
 
 
Short term investments - available for sale:
 
 
 
 
 
 
 
Commercial paper
$
—

 
$
3,099

 
$
—

 
$
3,099

Government agencies
—

 
11,647

 
—

 
11,647

Total short-term investments - available for sale
$
—

 
$
14,746

 
$
—

 
$
14,746

 
 
 
 
 
 
 
 
Forward purchase or (sale) contracts:
 
 
 
 
 
 
 
Japanese Yen
$
—

 
$
(25
)
 
$
—

 
$
(25
)
New Taiwan Dollar
—

 
(25
)
 
—

 
(25
)
Korean Won
—

 
(34
)
 
—

 
(34
)
Euro
—

 
(4
)
 
—

 
(4
)
British Pound
—

 
(35
)
 
—

 
(35
)
Chinese Renminbi
—

 
4

 
—

 
4

Singapore Dollar
—

 
(2
)
 
—

 
(2
)
Total forward contracts
$
—

 
$
(121
)
 
$
—

 
$
(121
)
 
 
 
 
 
 
 
 
Deferred compensation plan assets:
 
 
 
 
 
 
 
Money market securities
$
463

 
$
—

 
$
—

 
$
463

Mutual funds and exchange traded funds
1,861

 
—

 
—

 
1,861

Total deferred compensation plan assets
$
2,324

 
$
—

 
$
—

 
$
2,324

March 28, 2015
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents:
 
 
 
 
 
 
 
Money market securities
$
14,280

 
$
—

 
$
—

 
$
14,280

Commercial paper
—

 
15,537

 
—

 
15,537

Government agencies
—

 
2,702

 
—

 
2,702

Total cash equivalents
$
14,280

 
$
18,239

 
$
—

 
$
32,519

 
 
 
 
 
 
 
 
Short term investments - available for sale:
 
 
 
 
 
 
 
Corporate bonds
$
—

 
$
853

 
$
—

 
$
853

Municipal bonds
—

 
3,872

 
—

 
3,872

Total short-term investments - available for sale
$
—

 
$
4,725

 
$
—

 
$
4,725

 
 
 
 
 
 
 
 
Forward purchase or (sale) contracts:
 
 
 
 
 
 
 
Japanese Yen
$
—

 
$
(7
)
 
$
—

 
$
(7
)
New Taiwan Dollar
—

 
17

 
—

 
17

Korean Won
—

 
(44
)
 
—

 
(44
)
Euro
—

 
277

 
—

 
277

British Pound
—

 
(133
)
 
—

 
(133
)
Chinese Renminbi
—

 
(34
)
 
—

 
(34
)
Total forward contracts
$
—

 
$
76

 
$
—

 
$
76

 
 
 
 
 
 
 
 
Deferred compensation plan assets:
 
 
 
 
 
 
 
Money market securities
$
190

 
$
—

 
$
—

 
$
190

Mutual funds and exchange traded funds
1,885

 
—

 
—

 
1,885

Total deferred compensation plan assets
$
2,075

 
$
—

 
$
—

 
$
2,075
Investments
he Company’s investments at September 26, 2015 and March 28, 2015 were as follows (in thousands): 
 
 
 
Unrealized
 
 
September 26, 2015
Cost
 
Gain
 
Loss
 
Fair Value
Available-for-sale securities (current):
 
 
 
 
 
 
 
Commercial paper
$
14,728

 
$
—

 
$
—

 
$
14,728

Government agencies
12,146

 
1

 
—

 
12,147

Mutual funds and exchange traded funds*
2,320

 
5

 
—

 
2,325

 
$
29,194

 
$
6

 
$
—

 
$
29,200

 
 
 
 
 
 
 
 
 
 
 
Unrealized
 
 
March 28, 2015
Cost
 
Gain
 
Loss
 
Fair Value
Available-for-sale securities (current):
 
 
 
 
 
 
 
Commercial paper
$
15,537

 
$
—

 
$
—

 
$
15,537

Government agencies
2,702

 
—

 
—

 
2,702

Corporate bonds
853

 
—

 
—

 
853

Municipal bonds
3,870

 
2

 
—

 
3,872

Mutual funds and exchange traded funds*
1,950

 
125

 
—

 
2,075

 
$
24,912

 
$
127

 
$
—

 
$
27,114

*These investments represent assets held in trust for our deferred compensation plan