Fair value of financial instruments (Tables)

The following table provides details of the financial instruments measured at fair value on a recurring basis, including:


	Fair Value Measurements at Reporting Date Using
(amount in thousands)	Level 1		Level 2			Level 3		Total
As of December 30, 2016
Assets
Cash equivalents	$	—	$	3,752		$	—	$	3,752
Corporate bonds and commercial papers		—		114,654			—		114,654
U.S. agency and U.S. treasury securities		—		54,112			—		54,112
Sovereign and municipal securities		—		1,742			—		1,742

Total	$	—	$	174,260		$	—	$	174,260

Liabilities
Derivative liabilities	$	—	$	1	⁽¹⁾	$	—	$	1

Total	$	—	$	1		$	—	$	1


	Fair Value Measurements at Reporting Date Using
(amount in thousands)	Level 1		Level 2			Level 3		Total
As of June 24, 2016
Assets
Cash equivalents	$	—	$	6,050		$	—	$	6,050
Corporate bonds and commercial papers		—		112,522			—		112,522
U.S. agency and U.S. treasury securities		—		28,030			—		28,030
Sovereign and municipal securities		—		1,157			—		1,157
Derivative assets		—		158	⁽²⁾		—		158

Total	$	—	$	147,917		$	—	$	147,917

Liabilities
Derivative liabilities	$	—	$	1,754	⁽³⁾	$	—	$	1,754

Total	$	—	$	1,754		$	—	$	1,754

⁽¹⁾	Foreign currency forward contracts with notional amount of Canadian dollars 0.2 million.

⁽²⁾	Foreign currency forward contracts with notional amount of $7.0 million.

⁽³⁾	Foreign currency forward contracts with notional amount of $77.5 million and Canadian dollars 0.6 million.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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