XML 31 R12.htm IDEA: XBRL DOCUMENT v3.21.1
CASH, CASH EQUIVALENTS AND INVESTMENTS
12 Months Ended
Apr. 03, 2021
CASH, CASH EQUIVALENTS AND INVESTMENTS [Abstract]  
Cash, Cash Equivalents and Investments CASH AND CASH EQUIVALENTS, RESTRICTED CASH, AND SHORT-TERM INVESTMENTS
The following tables summarize the Company’s Cash and Cash Equivalents, Restricted Cash, and Short-term Investments adjusted cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category recorded as Cash and Cash Equivalents, Restricted Cash, and Short-term Investments as of April 3, 2021 and March 28, 2020 (in thousands):
April 3, 2021Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash & Cash EquivalentsRestricted CashShort-Term Investments
Cash and cash equivalents$177,551 $— $— $177,551 $177,551 $— 
Restricted cash
(1)
493,908 493,908 493,908 
Level 1:
Mutual funds12,622 1,945 (8)14,559 — 14,559 
Money market funds25,009 — — 25,009 25,009 
Total cash and cash equivalents, restricted cash and short-term investments measured at fair value$709,090 $1,945 $(8)$711,027 $202,560 $493,908 $14,559 

(1) Restricted cash represents the cash held in trust and restricted for use to redeem the 5.50% Senior Notes. Refer to Note 21, Subsequent Events.

March 28, 2020Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash & Cash EquivalentsShort-Term Investments
Cash and cash equivalents$213,879 $— $— $213,879 $213,879 $— 
Level 1:
Mutual funds12,938 31 (1,128)11,841 — 11,841 
Total cash and cash equivalents
and short-term investments measured at fair value
$226,817 $31 $(1,128)$225,720 $213,879 $11,841 

As of April 3, 2021, and March 28, 2020, the Company's investments consisted of assets related to its deferred compensation plan and are classified as trading securities. The assets are reported at fair value, with unrealized gains and losses included in current period earnings. For more information regarding the Company's deferred compensation plan, refer to Note 6, Deferred Compensation. The Company did not incur material realized gains or losses during all periods presented.

There were no transfers between fair value measurement levels during Fiscal Years 2021 and 2020.