Marketable Securities

12 Months Ended

Jan. 03, 2015

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable Securities

Our short-term marketable securities have contractual maturities of up to 2.1 years, and our long-term marketable securities had contractual maturities of up to 6.2 years. The following table summarizes the remaining maturities of our marketable securities at fair value:

(In thousands)	January 3, 2015		December 28, 2013
Short-term marketable securities:
Maturing within one year	$	60,965	$	51,920
Maturing between one and two years	78,268		$	49,585
Long-term marketable securities:
Maturing in more than ten years	—		5,241
Total marketable securities	$	139,233	$	106,746

The following table summarizes the composition of our marketable securities at fair value: 

(In thousands)	January 3, 2015		December 28, 2013
Short-term marketable securities:
Corporate and government bonds and notes and commercial paper	$	139,233	$	101,505
Long-term marketable securities:
Federally-insured or FFELP guaranteed student loans	—		5,241
Total marketable securities	$	139,233	$	106,746

The following table summarizes the composition of our auction rate securities:

	January 3, 2015					December 28, 2013
(In thousands)	Par Value		Fair Value		S&P  Credit  rating	Par Value		Fair Value		S&P Credit rating
Long-term marketable securities:
Federally-insured or FFELP guaranteed student loans	$	—	$	—		$	5,700	$	5,241	AA+

In June 2014, our remaining auction rate securities, with a par value of $5.7 million and an estimated fair value of $5.2 million, were sold for $5.5 million. As a result, we reported a gain of $1.7 million in the Consolidated Statement of Operations and relieved $1.1 million of previously unrecognized gain, net of taxes, from Accumulated other comprehensive loss in fiscal 2014.