Fair Value Measurements (Tables)

9 Months Ended

Sep. 29, 2012

Financial Assets And Liabilities Carried At Fair Value


	Level 1		Level 2			Level 3		Total
Assets:
U.S. government and agency securities	$	80,885	$	12,491		$	0	$	93,376
Obligations of government-sponsored enterprises (1)		0		5,048			0		5,048
State and municipal bonds		0		101,024			0		101,024
Corporate securities		0		114,470			2,588		117,058
Other investments		0		36			0		36

Investments subtotal		80,885		233,069			2,588		316,542
Money market investments related to the deferred compensation plan		3,424		0			0		3,424

Total assets at fair value	$	84,309	$	233,069		$	2,588	$	319,966


Liabilities:
Forward contracts (2)	$	1,843	$	(767	)	$	0	$	1,076
Liabilities related to the deferred compensation plan		3,424		0			0		3,424

Total liabilities at fair value	$	5,267	$	(767	)	$	0	$	4,500

Financial assets and liabilities carried at fair value as of December 31, 2011, are classified below (in thousands):


	Level 1		Level 2		Level 3		Total
Assets:
U.S. government and agency securities	$	25,540	$	25,307	$	0	$	50,847
Obligations of government-sponsored enterprises (1)		0		16,612		0		16,612
State and municipal bonds		0		142,873		0		142,873
Corporate securities		0		77,321		2,588		79,909
Other investments		0		36		0		36

Investments subtotal		25,540		262,149		2,588		290,277
Forward contracts (2)		2,626		6,584		0		9,210
Money market investments related to the deferred compensation plan		3,199		0		0		3,199

Total assets at fair value	$	31,365	$	268,733	$	2,588	$	302,686


Liabilities:
Liabilities related to the deferred compensation plan	$	3,199	$	0	$	0	$	3,199

Total liabilities at fair value	$	3,199	$	0	$	0	$	3,199

(1)	Includes investments in notes issued by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, the Federal Farm Credit Banks, and the Federal Home Loan Bank.

(2)	The fair value of contracts are calculated as follows:

Fair value of a collar or put option contract associated with forecasted sales hedges are calculated using bid and ask rates for similar contracts.

Fair value of regular forward contracts associated with forecasted sales hedges are calculated using the period-end exchange rate adjusted for current forward points.

Fair value of balance sheet hedges are calculated at the period end exchange rate adjusted for current forward points unless the hedge has been traded but not settled at period end. If this is the case, the fair value is calculated at the rate at which the hedge is being settled.

Assets Measured Fair Value On Recurring Basis


	Nine Months Ended
	September 29, 2012		October 1, 2011
Balance at beginning of the year	$	2,588	$	5,597
Transfers to Level 3		0		0
Total losses (realized or unrealized):
Included in earnings		0		(362	)
Included in other comprehensive income (loss)		0		317
Purchases and settlements (net)		0		(2,964	)

Balance at end of period	$	2,588	$	2,588

Total gains and (losses) for the period included in earnings attributable to the change in unrealized losses relating to assets still held at end of period	$	0	$	0

Summary Of Short-Term And Long-Term Investments

The following is a summary of current and long-term investments (in thousands):


	As of September 29, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
U.S. government and agency securities	$	93,286	$	90	$	0		$	93,376
Obligations of government-sponsored enterprises		5,037		11		0			5,048
State and municipal bonds		100,836		202		(14	)		101,024
Corporate securities		116,791		802		(535	)		117,058
Other investments		36		0		0			36

Total investments	$	315,986	$	1,105	$	(549	)	$	316,542


	As of December 31, 2011
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
U.S. government and agency securities	$	50,738	$	115	$	(6	)	$	50,847
Obligations of government-sponsored enterprises		16,581		32		(1	)		16,612
State and municipal bonds		142,586		330		(43	)		142,873
Corporate securities		81,132		164		(1,387	)		79,909
Other investments		36		0		0			36

Total investments	$	291,073	$	641	$	(1,437	)	$	290,277

Maturity Dates Of Investments

The maturity dates of investments are as follows (in thousands):


	As of September 29, 2012
	Amortized Cost		Estimated Fair Value
Less than 1 year	$	160,523	$	160,690
1 to 5 years		150,818		151,579
6 to 10 years		4,645		4,273
Thereafter		0		0

Total	$	315,986	$	316,542

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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