Fair Value Measurements (Tables)

9 Months Ended

Jan. 02, 2016

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 and liabilities measured at fair value on a recurring basis as of January 2, 2016 and March 28, 2015 was as follows (in thousands):

January 2, 2016	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	3,004	$	—		$	—	$	3,004
Commercial paper	—		8,948			—		8,948
Government agencies	—		1,604			—		1,604
Total cash equivalents	$	3,004	$	10,552		$	—	$	13,556
Short term investments - available for sale:
Government agencies	$	—	$	18,836		$	—	$	18,836
Total short-term investments - available for sale	$	—	$	18,836		$	—	$	18,836
Forward purchase or (sale) contracts:
Japanese Yen	$	—	$	(58	)	$	—	$	(58	)
New Taiwan Dollar	—		(10		)	—		(10		)
Korean Won	—		(68		)	—		(68		)
Euro	—		(261		)	—		(261		)
British Pound	—		(60		)	—		(60		)
Chinese Renminbi	—		(17		)	—		(17		)
Total forward contracts	$	—	$	(474	)	$	—	$	(474	)
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	1,906	$	—		$	—	$	1,906
Money market securities	543		—			—		543
Total deferred compensation plan assets	$	2,449	$	—		$	—	$	2,449

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:* :
Mutual funds and exchange traded funds	$	1,885	$	—		$	—	$	1,885
Money market securities	190		—			—		190
Total deferred compensation plan assets	$	2,075	$	—		$	—	$	2,075

Investments

The Company’s investments at January 2, 2016 and March 28, 2015 were as follows (in thousands):

			Unrealized
January 2, 2016	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
Government agencies	20,437		3		—			20,440
Commercial paper	8,948		—		—			8,948
Mutual funds and exchange traded funds*	2,454		—		(5		)	2,449
Total Investments	$	31,839	$	3	$	(5	)	$	31,837
			Unrealized
March 28, 2015	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
Commercial paper	$	15,537	$	—	$	—		$	15,537
Municipal bonds	3,870		2		—			3,872
Government agencies	2,702		—		—			2,702
Corporate bonds	853		—		—			853
Mutual funds and exchange traded funds*	1,950		125		—			2,075
Total Investments	$	24,912	$	127	$	—		$	25,039