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Cash, Cash Equivalents, and Investments | 9 Months Ended
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Oct. 04, 2015
Cash and Cash Equivalents [Abstract] |
Cash, Cash Equivalents, and Investments | Cash, Cash Equivalents, and Investments Cash, cash equivalents, and investments consisted of the following (in thousands):
| October 4, 2015 |  | December 31, 2014
Cash | $ | 47,146 |  |  | $ | 54,917 |
Money market instruments | 32,417 |  |  | 777 |
Cash and cash equivalents | 79,563 |  |  | 55,694 |
Treasury bills | 82,401 |  |  | — |
Euro liquidity fund | 63,672 |  |  | 48,235 |
Asset-backed securities | 60,992 |  |  | 1,311 |
Corporate bonds | 45,170 |  |  | 30,889 |
Agency bonds | 10,980 |  |  | 6,883 |
Sovereign bonds | 7,568 |  |  | — |
Municipal bonds | 1,801 |  |  | 1,237 |
Supranational bonds | — |  |  | 1,901 |
Short-term investments | 272,584 |  |  | 90,456 |
Corporate bonds | 181,842 |  |  | 216,294 |
Asset-backed securities | 28,254 |  |  | 62,556 |
Treasury bills | 16,580 |  |  | 90,412 |
Municipal bonds | 4,884 |  |  | 6,600 |
Sovereign bonds | 4,702 |  |  | 13,461 |
Agency bonds | 3,300 |  |  | 9,566 |
Limited partnership interest | 942 |  |  | 1,956 |
Long-term investments | 240,504 |  |  | 400,845 |
| $ | 592,651 |  |  | $ | 546,995 |
Corporate bonds consist of debt securities issued by both domestic and foreign companies; treasury bills consist of debt securities issued by both the U.S. and foreign governments; asset-backed securities consist of debt securities collateralized by pools of receivables or loans with credit enhancement; the Euro liquidity fund invests in a portfolio of investment-grade bonds; agency bonds consist of domestic or foreign obligations of government agencies and government sponsored enterprises that have government backing; sovereign bonds consist of direct debt issued by foreign governments; municipal bonds consist of debt securities issued by state and local government entities; and supranational bonds consist of direct debt issued by two or more foreign central governments. The Euro liquidity fund is denominated in Euros, and the remaining securities are denominated in U.S. Dollars. The following table summarizes the Company’s available-for-sale investments as of October 4, 2015 (in thousands):
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Short-term: |  |  |  |  |  |  |
Treasury bills | $ | 82,334 |  |  | $ | 67 |  |  | $ | — |  |  | $ | 82,401 |
Euro liquidity fund | 63,667 |  |  | 5 |  |  | — |  |  | 63,672 |
Asset-backed securities | 60,989 |  |  | 20 |  |  | (17 | ) |  | 60,992 |
Corporate bonds | 45,182 |  |  | 56 |  |  | (68 | ) |  | 45,170 |
Agency bonds | 10,979 |  |  | 1 |  |  | — |  |  | 10,980 |
Sovereign bonds | 7,561 |  |  | 7 |  |  | — |  |  | 7,568 |
Municipal bonds | 1,800 |  |  | 1 |  |  | — |  |  | 1,801 |
Long-term: |  |  |  |  |  |  |  |
Corporate bonds | 182,509 |  |  | 240 |  |  | (907 | ) |  | 181,842 |
Asset-backed securities | 28,257 |  |  | 31 |  |  | (34 | ) |  | 28,254 |
Treasury bills | 16,521 |  |  | 59 |  |  | — |  |  | 16,580 |
Municipal bonds | 4,851 |  |  | 33 |  |  | — |  |  | 4,884 |
Sovereign bonds | 4,696 |  |  | 6 |  |  | — |  |  | 4,702 |
Agency bonds | 3,299 |  |  | 1 |  |  | — |  |  | 3,300 |
| $ | 512,645 |  |  | $ | 527 |  |  | $ | (1,026 | ) |  | $ | 512,146 |
The following table summarizes the Company’s gross unrealized losses and fair values for available-for-sale investments in an unrealized loss position as of October 4, 2015 (in thousands):
| Unrealized Loss Position For: |  |
| Less than 12 Months |  | 12 Months or Greater |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Corporate bonds | $ | 118,452 |  |  | $ | (879 | ) |  | $ | 6,935 |  |  | $ | (96 | ) |  | $ | 125,387 |  |  | $ | (975 | )
Asset-backed securities | 48,781 |  |  | (47 | ) |  | 2,334 |  |  | (4 | ) |  | 51,115 |  |  | (51 | )
| $ | 167,233 |  |  | $ | (926 | ) |  | $ | 9,269 |  |  | $ | (100 | ) |  | $ | 176,502 |  |  | $ | (1,026 | )
As of October 4, 2015, the Company did not recognize an other-than-temporary impairment of these investments. In its evaluation, management considered the type of security, the credit rating of the security, the length of time the security has been in a loss position, the size of the loss position, our intent and ability to hold the security to expected recovery of value, and other meaningful information. The Company does not intend to sell, and is unlikely to be required to sell, any of these available-for-sale investments before its effective maturity or market price recovery. The Company recorded gross realized gains and gross realized losses on the sale of debt securities totaling $26,000 and $7,000, respectively, during the three-month period ended October 4, 2015 and $66,000 and $21,000, respectively, during the three-month period ended September 28, 2014. The Company recorded gross realized gains and gross realized losses on the sale of debt securities totaling $434,000 and $194,000, respectively, during the nine-month period ended October 4, 2015 and $695,000 and $44,000, respectively, during the nine-month period ended September 28, 2014.These gains and losses are included in "Investment income" on the Consolidated Statement of Operations. Prior to the sale of these securities, unrealized gains and losses for these debt securities, net of tax, are recorded in shareholders’ equity as other comprehensive income (loss). The following table presents the effective maturity dates of the Company’s available-for-sale investments as of October 4, 2015 (in thousands):
| 1 Year or Less |  | 1-2 Years |  | 2-3 Years |  | 3-4 Years |  | 4-5 Years |  | 5-8 Years |  | Total
Corporate bonds | $ | 45,170 |  |  | $ | 95,528 |  |  | $ | 65,060 |  |  | $ | 17,922 |  |  | $ | 3,332 |  |  | $ | — |  |  | $ | 227,012 |
Treasury bills | 82,401 |  |  | 5,099 |  |  | 11,481 |  |  | — |  |  | — |  |  | — |  |  | 98,981 |
Asset-backed securities | 60,992 |  |  | 5,675 |  |  | 9,768 |  |  | 5,717 |  |  | 6,618 |  |  | 476 |  |  | 89,246 |
Euro liquidity fund | 63,672 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 63,672 |
Agency bonds | 10,980 |  |  | — |  |  | 3,300 |  |  | — |  |  | — |  |  | — |  |  | 14,280 |
Sovereign bonds | 7,568 |  |  | 4,702 |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 12,270 |
Municipal bonds | 1,801 |  |  | 4,884 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,685 |
| $ | 272,584 |  |  | $ | 115,888 |  |  | $ | 89,609 |  |  | $ | 23,639 |  |  | $ | 9,950 |  |  | $ | 476 |  |  | $ | 512,146 |
The Company is a Limited Partner in Venrock Associates III, L.P. (Venrock), a venture capital fund. The Company has committed to a total investment in the limited partnership of up to $20,500,000, with an expiration date of December 31, 2015. As of October 4, 2015, the Company contributed $19,886,000 to the partnership. The remaining commitment of $614,000 can be called by Venrock at any time before December 31, 2015. Distributions and contributions are at the discretion of Venrock’s management. No contributions were made during the nine-month period ended October 4, 2015. The Company received a cash distribution of $1,014,000 during the third quarter of 2015, which was accounted for as a return of capital.

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- Definition The entire disclosure for cash, cash equivalents, investments in debt and equity instruments (including cost and equity investees and related income statement amounts), equity and cost method investments, investments in joint ventures and any other investment. + References No definition available. + Details
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