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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2018
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 March 31, 2018 and April 1, 2017:

 
 
March 31, 2018
(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
 
$
1,291,891

 
$

 
$

 
$
1,291,891

Financial institution securities
 

 
359,901

 

 
359,901

Non-financial institution securities
 

 
242,904

 

 
242,904

U.S. government and agency securities
 
996

 
34,999

 

 
35,995

Foreign government and agency securities
 

 
179,957

 

 
179,957

Short-term investments:
 
 
 
 
 
 
 
 
Financial institution securities
 

 
75,000

 

 
75,000

Non-financial institution securities
 

 
81,939

 

 
81,939

U.S. government and agency securities
 
3,639

 
19,008

 

 
22,647

Mortgage-backed securities
 

 
844,397

 

 
844,397

Asset-backed securities
 

 
91,389

 

 
91,389

Commercial mortgage-backed securities
 

 
152,870

 

 
152,870

Long-term investments:
 
 
 
 
 
 
 
 
Debt mutual fund
 

 
89,670

 

 
89,670

Marketable equity securities
 
8,226

 

 

 
8,226

Total assets measured at fair value
 
$
1,304,752

 
$
2,172,034

 
$

 
$
3,476,786

Liabilities
 
 
 
 
 
 
 
 
Derivative financial instruments, net
 
$

 
$
26,091

 
$

 
$
26,091

Total liabilities measured at fair value
 
$

 
$
26,091

 
$

 
$
26,091

Net assets measured at fair value
 
$
1,304,752

 
$
2,145,943

 
$

 
$
3,450,695




 
 
April 1, 2017
(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

$
298,307


$


$


$
298,307

Financial institution securities



158,962




158,962

Non-financial institution securities



205,322




205,322

U.S. government and agency securities

2,998


50,984




53,982

Foreign government and agency securities



177,310




177,310

Short-term investments:
 

 

 

 

Financial institution securities



189,835




189,835

Non-financial institution securities



203,938




203,938

U.S. government and agency securities

31,732


44,820




76,552

Foreign government and agency securities



144,811




144,811

Mortgage-backed securities



1,115,403




1,115,403

Debt mutual funds



34,068




34,068

Bank loans



154,014




154,014

Asset-backed securities



218,170




218,170

Commercial mortgage-backed securities



217,971




217,971

Long-term investments:
 

 

 

 

Mortgage-backed securities



60,099




60,099

Debt mutual fund



54,608




54,608

Asset-backed securities



1,581




1,581

Derivative financial instruments, net



1,661




1,661

Total assets measured at fair value

$
333,037


$
3,033,557


$


$
3,366,594

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): 
 
 
 
 
(In thousands)
 
March 31, 2018
 
April 1, 2017
Balance as of beginning of period
 
$

 
$
9,977

Total realized and unrealized gains (losses):
 

 

Included in other comprehensive income (loss)
 

 
523

Sales and settlements, net 
 

 
(10,500
)
Balance as of end of period
 
$

 
$