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Fair Value Measurements (Tables)
 3 Months Ended
Apr. 01, 2018
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 1, 2018 (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
$
7,958

 
—

 
$
—

Corporate bonds
—

 
380,621

 
—

Treasury bills
—

 
142,299

 
—

Asset-backed securities
—

 
131,678

 
—

Sovereign bonds
—

 
22,780

 
—

Municipal bonds
—

 
10,501

 
—

Agency bonds
—

 
5,931

 
—

Cash flow hedge forward contracts
—

 
—

 
—

Economic hedge forward contracts
—

 
4

 
—

Liabilities:
 
 
 
 
 
Cash flow hedge forward contracts
—

 
—

 
—

Economic hedge forward contracts
—

 
18

 
—

Contingent consideration liabilities
—

 
—

 
3,115
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 1, 2018 (in thousands):
Balance as of December 31, 2017
$
3,557

Fair value adjustment to Manatee contingent consideration
(675
)
Fair value adjustment to Chiaro contingent consideration
52

Fair value adjustment to GVi contingent consideration
181

Balance as of April 1, 2018
$
3,115