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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 27, 2017

The following tables summarize our cash, cash equivalents and marketable securities by significant investment categories as of September 27, 2017 and December 28, 2016:



		September 27, 2017
		Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Cash and Cash Equivalents		Marketable Securities
Cash		$	21,862	$	—	$	—		$	21,862	$	21,862	$	—
Level 1:
	Money market funds	5,025		—		—			5,025		5,025		—
	Mutual funds	60,769		60		—			60,829		—		60,829
Level 2:
	Corporate debt securities⁽¹⁾	2,493		2		(25		)	2,470		—		2,470
Total		$	90,149	$	62	$	(25	)	$	90,186	$	26,887	$	63,299



		December 28, 2016
		Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Cash and Cash Equivalents		Marketable Securities
Cash		$	6,322	$	—	$	—		$	6,322	$	6,322	$	—
Level 1:
	Money market funds	5,285		—		—			5,285		5,285		—
	Mutual funds	60,232		—		—			60,232		—		60,232
Level 2:
	Corporate debt securities⁽¹⁾	2,473		3		(30		)	2,446		—		2,446
Total		$	74,312	$	3	$	(30	)	$	74,285	$	11,607	$	62,678

(1)

Corporate debt securities were measured at fair value using a market approach utilizing observable prices for identical securities or securities with similar characteristics and inputs that are observable or can be corroborated by observable market data

Schedule of Unrealized Loss on Investments

The following tables summarize the gross unrealized losses and fair values for those investments that were in an unrealized loss position as of September 27, 2017 and December 28, 2016, aggregated by investment category and the length of time that individual securities have been in a continuous loss position:



		September 27, 2017
		Less than 12 Months					12 Months or Greater					Total
		Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	Money market funds	$	—	$	—		$	—	$	—		$	—	$	—
	Mutual funds	—		—			—		—			—		—
	Corporate debt securities	1,638		(9		)	322		(16		)	1,960		(25		)
Total		$	1,638	$	(9	)	$	322	$	(16	)	$	1,960	$	(25	)



		December 28, 2016
		Less than 12 Months					12 Months or Greater					Total
		Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	Money market funds	$	—	$	—		$	—	$	—		$	—	$	—
	Mutual funds	—		—			—		—			—		—
	Corporate debt securities	1,244		(10		)	540		(20		)	1,784		(30		)
Total		$	1,244	$	(10	)	$	540	$	(20	)	$	1,784	$	(30	)

Schedule of Other Income From Available for Sale Securities

A summary of other income from available-for-sale securities recognized during the thirteen and thirty-nine weeks ended September 27, 2017 and September 28, 2016 is as follows:



		Thirteen Weeks Ended						Thirty-Nine Weeks Ended
		September 27 2017			September 28 2016			September 27 2017			September 28 2016
Available-for-sale securities:
	Dividend income	$	222		$	133		$	591		$	133
	Interest income	19			22			58			68
	Loss on investments	(12		)	(4		)	(27		)	(4		)
Total other income, net		$	229		$	151		$	622		$	197

Schedule of Available-for-sale Securities and Gross Realized Gains and Losses

A summary of available-for-sale securities sold and gross realized gains and losses recognized during the thirteen and thirty-nine weeks ended September 27, 2017 and September 28, 2016 is as follows:



		Thirteen Weeks Ended						Thirty-Nine Weeks Ended
		September 27 2017			September 28 2016			September 27 2017			September 28 2016
Available-for-sale securities:
	Gross proceeds from sales and redemptions	$	584		$	176		$	1,212		$	498
	Cost basis of sales and redemptions	597			180			1,239			502
	Gross realized gains included in net income	1			—			1			1
	Gross realized losses included in net income	(13		)	(4		)	(28		)	(5		)
	Amounts reclassified out of accumulated other comprehensive loss	14			3			28			3

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References + Details