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Fair Value Measurements (Tables)
 3 Months Ended
Apr. 03, 2016
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes the financial assets and liabilities required to be measured at fair value on a recurring basis as of April 3, 2016 (in thousands):
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant  Other
Observable
Inputs (Level 2)
 

Unobservable
Inputs (Level 3)
Assets:
 
 
 
 
 
Money market instruments
$
31,311

 
$
—

 
$
—

Corporate bonds
—

 
233,848

 
—

Treasury bills
—

 
149,540

 
—

Asset-backed securities
—

 
91,593

 
—

Euro liquidity fund
—

 
50,094

 
—

Sovereign bonds
—

 
29,489

 
—

Agency bonds
—

 
9,175

 
—

Municipal bonds
—

 
4,868

 
—

Cash flow hedge forward contracts
—

 
16

 
—

Liabilities:
 
 
 
 
 
Cash flow hedge forward contracts
—

 
460

 
—

Economic hedge forward contracts
—

 
40

 
—

Contingent consideration liability
—

 
—

 
2,737
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the activity for the Company's liability measured at fair value using Level 3 inputs for the three-month period ended April 3, 2016 (in thousands):
Balance as of December 31, 2015
$
3,000

Fair value adjustment to the contingent consideration
(263
)
Balance as of April 3, 2016
$
2,737