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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.