Investments in Cash Equivalents and Marketable Securities

6 Months Ended

Jun. 28, 2014

Investments, Debt and Equity Securities [Abstract]

Investments in Cash Equivalents and Marketable Securities

Investments in Cash Equivalents and Marketable Securities

As of June 28, 2014 and December 31, 2013, cash equivalents and short-term investments were classified as available-for-sale. Cash equivalents had maturity dates of less than 90 days at the date acquired, and short-term investments had maturity dates of less than one year, from the date of purchase. All unrealized gains and losses on available-for-sale investments are included in Other comprehensive income (loss). The cost, net unrealized holding gains, net unrealized holding losses and fair value of available-for-sale investments by types and classes of security at June 28, 2014 consisted of the following:

At June 28, 2014	Cost		Net unrealized holding gains		Net unrealized holding losses			Fair Value
Available-for-sale-included in cash equivalents:
Money market funds	$	111,934	$	—	$	—		$	111,934
Corporate debt securities	8,998		—		—			8,998
Available-for-sale-included in short-term marketable securities:
Corporate debt securities	8,981		—		(2		)	8,979
Long-term investments included in Other noncurrent assets, net:
Corporate debt securities	1,014		—		—			1,014
	$	130,927	$	—	$	(2	)	$	130,925

The cost, net unrealized holding gains, net unrealized holding losses and fair value of available-for-sale investments by types and classes of security at December 31, 2013 consisted of the following:

At December 31, 2013	Cost		Net unrealized holding gains		Net unrealized holding losses		Fair Value
Available-for-sale-included in cash equivalents:
Money market funds and other	$	25,904	$	—	$	—	$	25,904
	$	25,904	$	—	$	—	$	25,904

Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. The Company employs a methodology that reviews specific securities in evaluating potential impairment of its investments. In the event that the cost of an investment exceeds its fair value, the Company evaluates, among other factors, the Company’s intent and ability to hold the investment and extent to which the fair value is less than cost; the financial health of and business outlook for the issuer; and operating and financing cash flow factors. During the three and six months ended June 28, 2014, the Company did not record any other-than-temporary impairments on its investments in cash equivalents.