Fair Value Measurements (Tables)

12 Months Ended

Apr. 03, 2021

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 April 3, 2021 and March 28, 2020:

	April 3, 2021
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash equivalents:
Money market funds	$	583,390	$	—	$	—	$	583,390
Financial institution securities	—		274,985		—		274,985
Non-financial institution securities	—		158,981		—		158,981
Foreign government and agency securities	—		247,979		—		247,979
Short-term investments:
Financial institution securities	—		159,997		—		159,997
Non-financial institution securities	—		374,854		—		374,854
U.S. government and agency securities	378,686		189,481		—		568,167
Foreign government and agency securities	—		414,876		—		414,876
Mortgage-backed securities	—		109,603		—		109,603
Asset-backed securities	—		172		—		172
Commercial mortgage-backed securities	—		12,702		—		12,702
Derivative financial instruments, net	—		3,519		—		3,519
Total assets measured at fair value	$	962,076	$	1,947,149	$	—	$	2,909,225

	March 28, 2020
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash equivalents:
Money market funds	$	656,038	$	—	$	—	$	656,038
Financial institution securities	—		175,000		—		175,000
Non-financial institution securities	—		361,692		—		361,692
U.S. government and agency securities	150,999		62,274		—		213,273
Foreign government and agency securities	—		244,300		—		244,300
Short-term investments:
Financial institution securities	—		150,000		—		150,000
Non-financial institution securities	—		115,043		—		115,043
U.S. government and agency securities	1,000		2,000		—		3,000
Foreign government and agency securities	—		9,973		—		9,973
Mortgage-backed securities	—		158,804		—		158,804
Asset-backed securities	—		2,549		—		2,549
Commercial mortgage-backed securities	—		50,144		—		50,144
Total assets measured at fair value	$	808,037	$	1,331,779	$	—	$	2,139,816
Liabilities
Derivative financial instruments, net	$	—	$	12,381	$	—	$	12,381
Total liabilities measured at fair value	$	—	$	12,381	$	—	$	12,381
Net assets measured at fair value	$	808,037	$	1,319,398	$	—	$	2,127,435