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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 28, 2015

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
	(In thousands, except per share amounts)
	March 28, 2015				March 29, 2014
Net income	$	4,754			$	5,280
Weighted-average shares outstanding	29,653				29,189
Dilutive effect of employee stock options and restricted shares	577				844
Diluted weighted-average shares outstanding	30,230				30,033
Basic income per share	$	0.16			$	0.18
Diluted income per share	$	0.16			$	0.18

Fair Value Assets Measured on Recurring Basis

The Company’s financial assets measured at fair value on a recurring basis at March 28, 2015, were as follows:

	Fair Value Measurements as of March 28, 2015
	Level 1				Level 2				Level 3
	(In thousands)
Description
Assets:
Money market funds	$	113,995			$	—			$	—
Corporate and government bonds	—				37,256				—
Total assets measured at fair value	$	113,995			$	37,256			$	—

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

	Fair Value Measurements as of December 27, 2014
	Level 1				Level 2				Level 3
	(In thousands)
Description
Assets:
Money market funds	$	109,843			$	—			$	—
Corporate and government bonds	—				36,166				—
Total assets measured at fair value	$	109,843			$	36,166			$	—

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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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