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Fair Value Measurements (Tables) | 9 Months Ended
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Oct. 01, 2021
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 October 1, 2021:
|  | 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) |  | $ | 76,579 |  |  | $ | 76,579 |  |  | $ | - |  |  | $ | - |
Fixed income available for sale securities (2) |  |  | 24,998 |  |  |  | - |  |  |  | 24,998 |  |  |  | - |
Fixed income trading securities held in deferred compensation plan (3) |  |  | 24,789 |  |  |  | 24,789 |  |  |  | - |  |  |  | - |
Equity trading securities held in deferred compensation plan (3) |  |  | 79,490 |  |  |  | 79,490 |  |  |  | - |  |  |  | - |
Total |  | $ | 205,856 |  |  | $ | 180,858 |  |  | $ | 24,998 |  |  | $ | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation plan (4) |  |  | 105,342 |  |  |  | 105,342 |  |  |  | - |  |  |  | - |
Total |  | $ | 105,342 |  |  | $ | 105,342 |  |  | $ | - |  |  | $ | - |
(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 current 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 plan liabilities 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 1, 2021:
|  | 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) |  | $ | 51,442 |  |  | $ | 51,442 |  |  | $ | - |  |  | $ | - |
Fixed income available for sale securities (2) |  |  | 45,001 |  |  |  | - |  |  |  | 45,001 |  |  |  | - |
Fixed income trading securities held in deferred compensation plan (3) |  |  | 26,274 |  |  |  | 26,274 |  |  |  | - |  |  |  | - |
Equity trading securities held in deferred compensation plan (3) |  |  | 62,473 |  |  |  | 62,473 |  |  |  | - |  |  |  | - |
Total |  | $ | 185,190 |  |  | $ | 140,189 |  |  | $ | 45,001 |  |  | $ | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation plan (4) |  |  | 88,977 |  |  |  | 88,977 |  |  |  | - |  |  |  | - |
Total |  | $ | 88,977 |  |  | $ | 88,977 |  |  | $ | - |  |  | $ | - |
(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 current 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 plan liabilities on the Company’s unaudited condensed consolidated balance sheet.
Cash, cash equivalents and short-term investments | Cash, cash equivalents and short-term investments consisted of the following as of October 1, 2021:
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Estimated |
(In thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Classified as current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 153,206 |  |  | $ | - |  |  | $ | - |  |  | $ | 153,206 |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market securities |  |  | 76,579 |  |  |  | - |  |  |  | - |  |  |  | 76,579 |
Total cash equivalents |  |  | 76,579 |  |  |  | - |  |  |  | - |  |  |  | 76,579 |
Total cash and cash equivalents |  |  | 229,785 |  |  |  | - |  |  |  | - |  |  |  | 229,785 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and agency securities |  |  | 24,998 |  |  |  | - |  |  |  | - |  |  |  | 24,998 |
Total short-term investments |  |  | 24,998 |  |  |  | - |  |  |  | - |  |  |  | 24,998 |
Total cash, cash equivalents and short-term investments |  | $ | 254,783 |  |  | $ | - |  |  | $ | - |  |  | $ | 254,783 |
Cash, cash equivalents and short-term investments consisted of the following as of January 1, 2021:
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Estimated |
(In thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Classified as current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 146,083 |  |  | $ | - |  |  | $ | - |  |  | $ | 146,083 |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market securities |  |  | 51,442 |  |  |  | - |  |  |  | - |  |  |  | 51,442 |
Total cash equivalents |  |  | 51,442 |  |  |  | - |  |  |  | - |  |  |  | 51,442 |
Total cash and cash equivalents |  |  | 197,525 |  |  |  | - |  |  |  | - |  |  |  | 197,525 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and agency securities |  |  | 44,993 |  |  |  | 8 |  |  |  | - |  |  |  | 45,001 |
Total short-term investments |  |  | 44,993 |  |  |  | 8 |  |  |  | - |  |  |  | 45,001 |
Total cash, cash equivalents and short-term investments |  | $ | 242,518 |  |  | $ | 8 |  |  | $ | - |  |  | $ | 242,526 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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