XML 38 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Cash, Cash Equivalents, and Investments (Tables)
 3 Months Ended
Apr. 01, 2018
Cash and Cash Equivalents [Abstract]  
Components of Cash, Cash Equivalents, and Investments
Cash, cash equivalents, and investments consisted of the following (in thousands):
 
April 1, 2018
 
December 31, 2017
Cash
$
101,614

 
$
97,951

Money market instruments
7,958

 
8,631

Cash and cash equivalents
109,572

 
106,582

Treasury bills
138,695

 
150,371

Corporate bonds
108,313

 
47,395

Asset-backed securities
75,432

 
59,203

Municipal bonds
9,153

 
8,805

Sovereign bonds
6,036

 
21,579

Agency bonds
—

 
10,608

Short-term investments
337,629

 
297,961

Corporate bonds
272,308

 
296,014

Asset-backed securities
56,246

 
71,727

Sovereign bonds
16,744

 
13,147

Agency bonds
5,931

 
14,890

Treasury bills
3,604

 
23,459

Municipal bonds
1,348

 
4,204

Long-term investments
356,181

 
423,441

 
$
803,382

 
$
827,984
Summary of Available-for-Sale Investments
The following table summarizes the Company’s available-for-sale investments as of April 1, 2018 (in thousands):
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
Short-term:
 
 
 
 
 
 
 
Treasury bills
$
139,159

 
$
—

 
$
(464
)
 
$
138,695

Corporate bonds
108,533

 
50

 
(270
)
 
108,313

Asset-backed securities
75,710

 
5

 
(283
)
 
75,432

Municipal bonds
9,165

 
—

 
(12
)
 
9,153

Sovereign bonds
6,040

 
1

 
(5
)
 
6,036

Long-term:
 
 
 
 
 
 


Corporate bonds
272,345

 
797

 
(834
)
 
272,308

Asset-backed securities
56,573

 
14

 
(341
)
 
56,246

Sovereign bonds
16,779

 
38

 
(73
)
 
16,744

Agency bonds
5,930

 
1

 
—

 
5,931

Treasury bills
3,601

 
3

 
—

 
3,604

Municipal bonds
1,360

 
—

 
(12
)
 
1,348

 
$
695,195

 
$
909

 
$
(2,294
)
 
$
693,810
Gross Unrealized Losses and Fair Values for Available-for-Sale Investments
The following table summarizes the Company’s gross unrealized losses and fair values for available-for-sale investments in an unrealized loss position as of April 1, 2018 (in thousands):
 
Unrealized Loss Position For:
 
 
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate bonds
$
172,162

 
$
(812
)
 
$
23,693

 
$
(292
)
 
$
195,855

 
$
(1,104
)
Treasury bills
96,209

 
(277
)
 
42,487

 
(187
)
 
138,696

 
(464
)
Asset-backed securities
112,632

 
(614
)
 
2,640

 
(10
)
 
115,272

 
(624
)
Sovereign bonds
3,599

 
(9
)
 
8,730

 
(69
)
 
12,329

 
(78
)
Municipal bonds
4,196

 
(24
)
 
—

 
—

 
4,196

 
(24
)
Agency bonds
—

 
—

 
—

 
—

 
—

 
—

 
$
388,798


$
(1,736
)

$
77,550


$
(558
)

$
466,348


$
(2,294
)
Effective Maturity Dates of Available-for-Sale Investments
The following table presents the effective maturity dates of the Company’s available-for-sale investments as of April 1, 2018 (in thousands):
 
<1 year
 
1-2 Years
 
2-3 Years
 
3-4 Years
 
4-5 Years
 
5-7 Years
 
Total
Corporate bonds
$
108,313

 
$
116,223

 
$
97,412

 
$
36,342

 
$
18,961

 
$
3,370

 
$
380,621

Treasury bills
138,695

 
3,604

 
—

 
—

 
—

 
—

 
142,299

Asset-backed securities
75,432

 
35,411

 
6,923

 
6,504

 
2,336

 
5,072

 
131,678

Sovereign bonds
6,036

 
10,995

 
5,749

 
—

 
—

 
—

 
22,780

Municipal bonds
9,153

 
—

 
1,348

 
—

 
—

 
—

 
10,501

Agency bonds
—

 
—

 
—

 
—

 
5,931

 
—

 
5,931

 
$
337,629


$
166,233


$
111,432


$
42,846


$
27,228


$
8,442


$
693,810