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CASH, CASH EQUIVALENTS, AND INVESTMENTS
3 Months Ended
Jul. 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 amortized cost, gross unrealized gains, gross unrealized losses, and fair value on a recurring basis by significant investment category recorded as of July 3, 2021 and April 3, 2021 (in thousands):
July 3, 2021Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash & Cash EquivalentsShort-term investments
Cash$171,751 $— $— $171,751 $171,751 $— 
Level 1:
Mutual funds13,553 2,401 (1)15,953 — 15,953 
Money market funds25,010 — — 25,010 25,010 — 
Total cash, cash equivalents
and short-term investments measured at fair value
$210,314 $2,401 $(1)$212,714 $196,761 $15,953 

April 3, 2021Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash & Cash EquivalentsRestricted CashShort-Term Investments
Cash$177,551 $— $— $177,551 $177,551 $— $— 
Restricted cash(1)
493,908 493,908493,908 
Level 1:
Mutual funds12,622 1,945 (8)14,559 — 14,559 
Money market funds25,009 — — 25,009 25,009 
Total cash, 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 8, Debt.
As of July 3, 2021 and April 3, 2021, the Company's short-term investments consisted of assets related to its deferred compensation plans 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, see Note 4, Deferred Compensation. The Company did not incur any material realized or unrealized gains or losses in the three months ended July 3, 2021 or June 27, 2020. There were no transfers between fair value measurement levels during the three months ended July 3, 2021 or June 27, 2020.