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Fair Value Measurements (Tables)
 3 Months Ended
Apr. 02, 2017
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 2, 2017 (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
$
3,895

 
$
—

 
$
—

Corporate bonds
—

 
323,635

 
—

Treasury bills
—

 
146,253

 
—

Asset-backed securities
—

 
101,696

 
—

Euro liquidity fund
—

 
73,868

 
—

Sovereign bonds
—

 
30,917

 
—

Agency bonds
—

 
10,348

 
—

Municipal bonds
—

 
2,160

 
—

Cash flow hedge forward contracts
—

 
25

 
—

Economic hedge forward contracts
—

 
7

 
—

Liabilities:
 
 
 
 
 
Cash flow hedge forward contracts
—

 
(13
)
 
—

Economic hedge forward contracts
—

 
(41
)
 
—

Contingent consideration liabilities
—

 
—

 
(3,870
)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the activity for the Company's liabilities measured at fair value using Level 3 inputs for the three-month period ended April 2, 2017 (in thousands):
Balance as of December 31, 2016
$
4,173

Fair value adjustment to Manatee contingent consideration
(275
)
Foreign exchange rate changes
(28
)
Balance as of April 2, 2017
$
3,870