Fair Value Measurements (Tables)

3 Months Ended

Jul. 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 July 2, 2016 and April 2, 2016 was as follows (in thousands):

July 2, 2016	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	3,081	$	—		$	—	$	3,081
Commercial paper	—		16,891			—		16,891
Total cash equivalents	$	3,081	$	16,891		$	—	$	19,972
Short term investments - available for sale:
U.S. treasury fund	$	1,007	$	—		$	—	$	1,007
Commercial paper	$	—	$	1,546		$	—	$	1,546
Government agencies	$	—	$	1,953		$	—	$	1,953
Total short-term investments - available for sale	$	1,007	$	3,499		$	—	$	4,506
Forward purchase or (sale) contracts:
Japanese Yen	$	—	$	(122	)	$	—	$	(122	)
New Taiwan Dollar	—		(5		)	—		(5		)
Korean Won	—		(6		)	—		(6		)
Euro	—		189			—		189
British Pound	—		(100		)	—		(100		)
Chinese Renminbi	—		(34		)	—		(34		)
Singapore Dollar	—		(1		)	—		(1		)
Total forward contracts	$	—	$	(79	)	$	—	$	(79	)
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	2,060	$	—		$	—	$	2,060
Money market securities	730		—			—		730
Total deferred compensation plan assets	$	2,790	$	—		$	—	$	2,790

April 2, 2016	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	4,643	$	—		$	—	$	4,643
Commercial paper	—		12,140			—		12,140
Total cash equivalents	$	4,643	$	12,140		$	—	$	16,783
Short term investments - available for sale:
U.S. treasury fund	$	1,003	$	—		$	—	$	1,003
Commercial paper	$	—	$	997		$	—	$	997
Government agencies	—		13,252			—		13,252
Total short-term investments - available for sale	$	1,003	$	14,249		$	—	$	15,252
Forward purchase or (sale) contracts:
Japanese Yen	$	—	$	(31	)	$	—	$	(31	)
New Taiwan Dollar	—		5			—		5
Korean Won	—		129			—		129
Euro	—		(367		)	—		(367		)
Chinese Renminbi	—		(1		)	—		(1		)
Singapore Dollar	—		20			—		20
Total forward contracts	$	—	$	(245	)	$	—	$	(245	)
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	1,916	$	—		$	—	$	1,916
Money market securities	588		—			—		588
Total deferred compensation plan assets	$	2,504	$	—		$	—	$	2,504

Investments

The Company’s investments at July 2, 2016 and April 2, 2016 were as follows (in thousands):

			Unrealized
July 2, 2016	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
Government agencies	1,951		2		—			1,953
Commercial paper	18,437		—		—			18,437
Total investments (current)	$	20,388	$	2	$	—		$	20,390
Available-for-sale securities (non-current):
Mutual funds, exchange traded funds and money market securities*	2,740		50		—			2,790
Total investments (non-current)	$	2,740	$	50	$	—		$	2,790
			Unrealized
April 2, 2016	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
Commercial paper	$	13,137	$	—	$	—		$	13,137
Government agencies	13,247		5		—			13,252
Total investments (current)	$	26,384	$	5	$	—		$	26,389
Available-for-sale securities (non-current):
Mutual funds, exchange traded funds and money market securities*	$	2,507	$	—	$	(3	)	$	2,504
Total investments (non-current)	$	2,507	$	—	$	(3	)	$	2,504