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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2012
Fair Value Measurements [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
                                 
     March 31, 2012  
    Quoted Prices in
Active Markets
for Identical
Instruments
    Significant Other
Observable Inputs
    Significant
Unobservable
Inputs
    Total Fair  
(In thousands)   (Level 1)     (Level 2)     (Level 3)     Value  

Assets

                               

Cash and cash equivalents:

                               

Money market funds

  $ 232,017     $ —       $ —       $ 232,017  

Bank certificates of deposit

    —         29,994       —         29,994  

Commercial paper

    —         233,980       —         233,980  

U.S. government and agency securities

    75,036       84,985       —         160,021  

Foreign government and agency securities

    —         68,993       —         68,993  
         

Short-term investments:

                               

Bank certificates of deposit

    —         129,978       —         129,978  

Commercial paper

    —         360,887       —         360,887  

Corporate bonds

    —         14,257       —         14,257  

U.S. government and agency securities

    322,763       119,931       —         442,694  

Foreign government and agency securities

    —         180,958       —         180,958  

Mortgage-backed securities

    —         31       —         31  
         

Long-term investments:

                               

Corporate bonds

    —         175,415       —         175,415  

Auction rate securities

    —         —         28,929       28,929  

Municipal bonds

    —         26,160       —         26,160  

U.S. government and agency securities

    17,539       48,659       —         66,198  

Mortgage-backed securities

    —         892,745       —         892,745  

Debt mutual fund

    —         19,781       —         19,781  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets measured at fair value

  $ 647,355     $ 2,386,754     $ 28,929     $ 3,063,038  
   

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

                               

Derivative financial instruments, net

  $ —       $ 3,070     $ —       $ 3,070  

Convertible debentures – embedded derivative

    —         —         931       931  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total liabilities measured at fair value

  $ —       $ 3,070     $ 931     $ 4,001  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net assets measured at fair value

  $ 647,355     $ 2,383,684     $ 27,998     $ 3,059,037  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
     April 2, 2011  
     Quoted Prices in
Active Markets
for Identical
Instruments
    Significant Other
Observable Inputs
    Significant
Unobservable
Inputs
    Total Fair  
(In thousands)   (Level 1)     (Level 2)     (Level 3)     Value  

Assets

                               

Cash and cash equivalents:

                               

Money market funds

  $ 275,596     $ —       $ —       $ 275,596  

Bank certificates of deposit

    —         79,984       —         79,984  

Commercial paper

    —         485,315       —         485,315  

U.S. government and agency securities

    29,998       99,974       —         129,972  

Foreign government and agency securities

    —         161,970       —         161,970  
         

Short-term investments:

                               

Bank certificates of deposit

    —         10,000       —         10,000  

Commercial paper

    —         224,896       —         224,896  

Municipal bonds

    —         45       —         45  

U.S. government and agency securities

    14,404       7,996       —         22,400  

Foreign government and agency securities

    —         384,428       —         384,428  

Floating rate notes

    —         62,261       —         62,261  

Mortgage-backed securities

    —         24       —         24  
         

Long-term investments:

                               

Corporate bonds

    —         25,566       —         25,566  

Auction rate securities

    —         —         34,950       34,950  

Municipal bonds

    —         16,913       —         16,913  

U.S. government and agency securities

    7,941       45,570       —         53,511  

Floating rate notes

    —         29,869       —         29,869  

Mortgage-backed securities

    —         605,643       —         605,643  
         

Derivative financial instruments, net

    —         5,134       —         5,134  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets measured at fair value

  $ 327,939     $ 2,245,588     $ 34,950     $ 2,608,477  
   

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

                               

Convertible debentures – embedded derivative

  $ —       $ —       $ 945     $ 945  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total liabilities measured at fair value

  $ —       $ —       $ 945     $ 945  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net assets measured at fair value

  $ 327,939     $ 2,245,588     $ 34,005     $ 2,607,532  
   

 

 

   

 

 

   

 

 

   

 

 

 
Changes in Level 3 instruments measured at fair value on a recurring basis
                 
(In thousands)   Year Ended
March 31, 2012
    Year Ended
April 2, 2011
 

Balance as of beginning of period

  $ 34,005     $ 60,796  

Total realized and unrealized gains (losses):

               

Included in interest and other expense, net

    14       (676

Included in other comprehensive income

    (371     4,255  

Sales and settlements, net (1)

    (5,650     (30,370
   

 

 

   

 

 

 

Balance as of end of period

  $ 27,998     $ 34,005  
   

 

 

   

 

 

 
Gains or (losses) included in net income attributable to change in unrealized gains or losses relating to assets and liabilities
                         
(In thousands)   March 31, 2012     April 2, 2011     April 3, 2010  

Interest and other expense, net

  $ 14     $ (97   $ 1,262