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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 27, 2014

Accounting Policies [Abstract]

Basic and Diluted Net Income Per Share

The following table presents the calculation of both basic and diluted net income per share:

	Three Months Ended								Nine Months Ended
	(In thousands, except per share amounts)
	September 27, 2014				September 28, 2013				September 27, 2014				September 28, 2013
Net income	$	14,607			$	7,804			$	28,417			$	24,453
Weighted-average shares outstanding	29,595				28,733				29,439				28,359
Dilutive effect of employee stock options and restricted shares	588				849				730				848
Diluted weighted-average shares outstanding	30,183				29,582				30,169				29,207
Basic income per share	$	0.49			$	0.27			$	0.97			$	0.86
Diluted income per share	$	0.48			$	0.26			$	0.94			$	0.84

Fair Value Assets Measured on Recurring Basis

The Company’s financial assets measured at fair value on a recurring basis at September 27, 2014, were as follows:

	Fair Value Measurements as of September 27, 2014
	Level 1				Level 2				Level 3
	(In thousands)
Description
Assets:
Money market funds	$	87,523			$	—			$	—
Corporate and government bonds	—				38,336				—
Total assets measured at fair value	$	87,523			$	38,336			$	—

The Company’s financial assets measured at fair value on a recurring basis at December 28, 2013, were as follows:

	Fair Value Measurements as of December 28, 2013
	Level 1				Level 2				Level 3
	(In thousands)
Description
Assets:
Money market funds	$	101,441			$	—			$	—
Corporate and government bonds	—				21,954				—
Total assets measured at fair value	$	101,441			$	21,954			$	—

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a),(b)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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