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FAIR VALUE MEASUREMENTS
9 Months Ended
Sep. 24, 2011
FAIR VALUE MEASUREMENTS

3. FAIR VALUE MEASUREMENTS

Financial instruments are categorized as Level 1, Level 2 or Level 3 based upon the method by which their fair value is computed. An investment is categorized as Level 1 when its fair value is based on unadjusted quoted prices in active markets for identical assets that the Company has the ability to access at the measurement date. An investment is categorized as Level 2 if its fair market value is based on quoted market prices for similar assets in active markets, quoted prices for identical or similar assets in markets that are not active, based on observable inputs such as interest rates, yield curves, or derived from or corroborated by observable market data by correlation or other means. An investment is categorized as Level 3 if its fair value is based on assumptions developed by the Company about what a market participant would use in pricing the assets.

 

$104,977,112 $104,977,112 $104,977,112 $104,977,112
            Fair Value Measurement at September 24, 2011 Using:  
            Level 1      Level 2      Level 3  

Money Markets, Cash and Equivalents

    $ 40,163,342       $ 40,163,342       $ —         $ —     

U.S. Government Securities

      32,003,905         12,882,340         19,121,565         —     

Corporate Debt

      18,871,034         —           18,871,034         —     

Certificates of Deposit

      12,221,225         —           12,221,225         —     

Advanced Wireless Semiconductor Company

      1,717,606         1,717,606         —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 104,977,112       $ 54,763,288       $ 50,213,824       $ —     
  

 

 

     

 

 

     

 

 

     

 

 

  

 

$104,977,112 $104,977,112 $104,977,112 $104,977,112
            Fair Value Measurement at December 25, 2010 Using:  
            Level 1      Level 2      Level 3  

Money Markets, Cash and Equivalents

    $ 49,834,547       $ 49,834,547       $ —         $ —     

U.S. Government Securities

      24,194,630         9,806,380         14,388,250         —     

Corporate Debt

      23,212,833         —           23,212,833         —     

Certificates of Deposit

      13,705,380         —           13,705,380         —     

Advanced Wireless Semiconductor Company

      4,001,937         4,001,937         —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 114,949,327       $ 63,642,864       $ 51,306,463       $ —