Fair Value Measurements (Tables)

3 Months Ended

Jul. 02, 2016

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis as of July 2, 2016 and April 2, 2016:

	July 2, 2016
(In thousands)	Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Assets
Cash equivalents:
Money market funds	$	275,694	$	—	$	—	$	275,694
Financial institution securities	—		28,765		—		28,765
Non-financial institution securities	—		159,932		—		159,932
Foreign government and agency securities	—		37,971				37,971
Short-term investments:
Financial institution securities	—		479,779		—		479,779
Non-financial institution securities	—		426,673		—		426,673
Municipal bonds	—		51,203		—		51,203
U.S. government and agency securities	53,826		43,572		—		97,398
Foreign government and agency securities	—		234,731		—		234,731
Mortgage-backed securities	—		1,093,508		—		1,093,508
Debt mutual funds	—		33,718		—		33,718
Bank loans	—		98,318		—		98,318
Asset-backed securities	—		208,635		—		208,635
Commercial mortgage-backed securities	—		211,653		—		211,653
Long-term investments:
Auction rate securities	—		—		10,068		10,068
Municipal bonds	—		5,734		—		5,734
Mortgage-backed securities	—		129,601		—		129,601
Debt mutual fund	—		57,335		—		57,335
Asset-backed securities	—		6,277		—		6,277
Derivative financial instruments, net	—		216		—		216
Total assets measured at fair value	$	329,520	$	3,307,621	$	10,068	$	3,647,209

	April 2, 2016
(In thousands)	Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Assets
Cash equivalents:
Money market funds	$	232,698	$	—	$	—	$	232,698
Non-financial institution securities	—		104,964		—		104,964
Foreign government and agency securities	—		98,967		—		98,967
Municipal bonds	—		1,003		—		1,003
Short-term investments:
Financial institution securities	—		284,853		—		284,853
Non-financial institution securities	—		460,148		—		460,148
Municipal Bonds	—		61,579		—		61,579
U.S. government and agency securities	81,873		110,420		—		192,293
Foreign government and agency securities	—		214,201		—		214,201
Mortgage-backed securities	—		1,067,157		—		1,067,157
Debt mutual fund	—		35,116		—		35,116
Bank loans	—		102,015		—		102,015
Asset-backed securities	—		210,051		—		210,051
Commercial mortgage-backed securities	—		206,470		—		206,470
Long-term investments:
Auction rate securities	—		—		9,977		9,977
Municipal bonds	—		7,100		—		7,100
Mortgage-backed securities	—		140,382		—		140,382
Debt mutual fund	—		56,785		—		56,785
Asset-backed securities	—		6,563		—		6,563
Derivative financial instruments, net	—		744		—		744
Total assets measured at fair value	$	314,571	$	3,168,518	$	9,977	$	3,493,066

Changes in Level 3 instruments measured at fair value on a recurring basis

The following table is a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Three Months Ended
(In thousands)	July 2, 2016		June 27, 2015
Balance as of beginning of period	$	9,977	$	10,312
Total realized and unrealized gains (losses):
Included in other comprehensive income	91		97
Balance as of end of period	$	10,068	$	10,409