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Fair Value Measurements (Tables)
 6 Months Ended
Jul. 04, 2014
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The fair value of these certain financial assets and liabilities was determined using the following inputs at July 4, 2014:
 
 
 
Fair Value Measurements at Reporting Date Using
 
(In thousands)
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets 
(Level 1)
 
Significant Other
Observable Inputs 
(Level 2)
 
Significant
Unobservable
Inputs 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market securities (1)
 
$
38,721
 
$
38,721
 
$
-
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income available for sale securities (2)
 
 
31,647
 
 
-
 
 
31,647
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income trading securities held in deferred compensation plan (3)
 
 
9,642
 
 
9,642
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity trading securities held in deferred compensation plan (3)
 
 
32,806
 
 
32,806
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
112,816
 
$
81,169
 
$
31,647
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred compensation plan (4)
 
 
44,169
 
 
44,169
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
44,169
 
$
44,169
 
$
-
 
$
-
 
 
(1)
Included in cash and cash equivalents on the Company’s unaudited condensed consolidated balance sheet.
(2)
Included in short-term investments on the Company’s unaudited condensed consolidated balance sheet.
(3)
Included in prepaid expenses and other assets and deferred compensation plan assets on the Company’s unaudited condensed consolidated balance sheet.
(4)
Included in accrued payroll and employee benefits and deferred compensation on the Company’s unaudited condensed consolidated balance sheet.
 
The fair value of these certain financial assets and liabilities was determined using the following inputs at January 3, 2014:
 
 
 
Fair Value Measurements at Reporting Date Using
 
(In thousands)
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets 
(Level 1)
 
Significant Other
Observable Inputs 
(Level 2)
 
Significant
Unobservable
Inputs 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market securities (1)
 
$
37,099
 
$
37,099
 
$
-
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income available for sale securities (2)
 
 
33,171
 
 
-
 
 
33,171
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income trading securities held in deferred compensation plan (3)
 
 
9,535
 
 
9,535
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity trading securities held in deferred compensation plan (3)
 
 
28,444
 
 
28,444
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
108,249
 
$
75,078
 
$
33,171
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred compensation plan (4)
 
 
37,926
 
 
37,926
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
37,926
 
$
37,926
 
$
-
 
$
-
 
 
(1)
Included in cash and cash equivalents on the Company’s consolidated balance sheet.
(2)
Included in short-term investments on the Company’s consolidated balance sheet.
(3)
Included in prepaid expenses and other assets and deferred compensation plan assets on the Company’s consolidated balance sheet.
(4)
Included in accrued payroll and employee benefits and deferred compensation on the Company’s consolidated balance sheet.
Cash, cash equivalents and short-term investments
Cash, cash equivalents and short-term investments consisted of the following as of July 4, 2014:
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Estimated
 
(In thousands)
 
Cost
 
Gains
 
Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Classified as current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash
 
$
74,174
 
$
-
 
$
-
 
$
74,174
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market securities
 
 
38,721
 
 
-
 
 
-
 
 
38,721
 
Total cash equivalents
 
 
38,721
 
 
-
 
 
-
 
 
38,721
 
Total cash and cash equivalents
 
 
112,895
 
 
-
 
 
-
 
 
112,895
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
State and municipal bonds
 
 
31,594
 
 
53
 
 
-
 
 
31,647
 
Total short-term investments
 
 
31,594
 
 
53
 
 
-
 
 
31,647
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total cash, cash equivalents and short-term investments
 
$
144,489
 
$
53
 
$
-
 
$
144,542
 
 
Cash, cash equivalents and short-term investments consisted of the following as of January 3, 2014:
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Estimated
 
(In thousands)
 
Cost
 
Gains
 
Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Classified as current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash
 
$
85,849
 
$
-
 
$
-
 
$
85,849
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market securities
 
 
37,099
 
 
-
 
 
-
 
 
37,099
 
Total cash equivalents
 
 
37,099
 
 
-
 
 
-
 
 
37,099
 
Total cash and cash equivalents
 
 
122,948
 
 
-
 
 
-
 
 
122,948
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
State and municipal bonds
 
 
33,155
 
 
25
 
 
(9)
 
 
33,171
 
Total short-term investments
 
 
33,155
 
 
25
 
 
(9)
 
 
33,171
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total cash, cash equivalents and short-term investments
 
$
156,103
 
$
25
 
$
(9)
 
$
156,119
 
Summary of Cost and Estimated Fair Value of Short Term Fixed Income Securities
The following table summarizes the cost and estimated fair value of short-term fixed income securities classified as short-term investments based on stated effective maturities as of July 4, 2014:
 
 
 
Amortized
 
Estimated
 
(In thousands)
 
Cost
 
Fair Value
 
 
 
 
 
 
 
 
 
Due within one year
 
$
21,321
 
$
21,347
 
Due between one and two years
 
 
10,273
 
 
10,300
 
Total
 
$
31,594
 
$
31,647