Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2017

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 September 30, 2017 and April 1, 2017 was as follows (in thousands):



September 30, 2017	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	2,182	$	—		$	—	$	2,182
U.S. treasury fund	5,997		—			—		5,997
Commercial paper	—		4,796			—		4,796
Repurchase agreements	—		5,000			—		5,000
Total cash equivalents	$	8,179	$	9,796		$	—	$	17,975
Short term investments - available for sale:
U.S. treasury fund	$	1,504	$	—		$	—	$	1,504
Commercial paper	—		29,097			—		29,097
Corporate bonds	—		2,201			—		2,201
Total short-term investments - available for sale	$	1,504	$	31,298		$	—	$	32,802
Forward purchase or (sale) contracts:
Japanese Yen	$	—	$	54		$	—	$	54
New Taiwan Dollar	—		(18		)	—		(18		)
Korean Won	—		(21		)	—		(21		)
Euro	—		47			—		47
British Pound	—		81			—		81
Chinese Renminbi	—		14			—		14
Total forward contracts	$	—	$	157		$	—	$	157
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	2,519	$	—		$	—	$	2,519
Money market securities	954		—			—		954
Total deferred compensation plan assets	$	3,473	$	—		$	—	$	3,473



April 1, 2017	Level 1		Level 2			Level 3		Total
Cash equivalents:
Money market securities	$	22,395	$	—		$	—	$	22,395
Commercial paper	—		4,945			—		4,945
Total cash equivalents	$	22,395	$	4,945		$	—	$	27,340
Short term investments - available for sale:
Commercial paper	$	—	$	5,743		$	—	$	5,743
Total short-term investments - available for sale	$	—	$	5,743		$	—	$	5,743
Forward purchase or (sale) contracts:
Japanese Yen	$	—	$	9		$	—	$	9
New Taiwan Dollar	—		20			—		20
Korean Won	—		39			—		39
Euro	—		(96		)	—		(96		)
British Pound	—		16			—		16
Chinese Renminbi	—		(5		)	—		(5		)
Singapore Dollar	—		(1		)	—		(1		)
Total forward contracts	$	—	$	(18	)	$	—	$	(18	)
Deferred compensation plan assets:*
Mutual funds and exchange traded funds	$	845	$	—		$	—	$	845
Money market securities	2,213		—			—		2,213
Total deferred compensation plan assets	$	3,058	$	—		$	—	$	3,058

Investments

The Company’s investments, other than money market securities for which there is no unrealized gain or loss, at September 30, 2017 and April 1, 2017 were as follows (in thousands):



			Unrealized
September 30, 2017	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
U.S. treasury fund	$	7,501	$	—	$	—		$	7,501
Commercial paper	33,893		—		—			33,893
Corporate Bonds	2,202		—		(1		)	2,201
Repurchase Agreements	5,000		—		—			5,000
Total investments (current)	$	48,596	$	—	$	(1	)	$	48,595
Available-for-sale securities (non-current):
Mutual funds, exchange traded funds and money market securities*	$	3,247	$	226	$	—		$	3,473
Total investments (non-current)	$	3,247	$	226	$	—		$	3,473
			Unrealized
April 1, 2017	Cost		Gain		Loss			Fair Value
Available-for-sale securities (current):
Commercial paper	$	10,688	$	—	$	—		$	10,688
Total investments (current)	$	10,688	$	—	$	—		$	10,688
Available-for-sale securities (non-current):
Mutual funds, exchange traded funds and money market securities*	$	2,974	$	84	$	—		$	3,058
Total investments (non-current)	$	2,974	$	84	$	—		$	3,058