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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Apr. 02, 2016
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)
| April 2, 2016 |  | March 28, 2015
Net income | $ | 3,932 |  |  | $ | 4,754 |
Weighted-average shares outstanding | 29,004 |  |  | 29,653 |
Dilutive effect of employee stock options and restricted shares | 470 |  |  | 577 |
Diluted weighted-average shares outstanding | 29,474 |  |  | 30,230 |
Basic income per share | $ | 0.14 |  |  | $ | 0.16 |
Diluted income per share | $ | 0.13 |  |  | $ | 0.16 |
Fair Value Assets Measured on Recurring Basis | The Company’s financial assets measured at fair value on a recurring basis at April 2, 2016, were as follows:
| Fair Value Measurements as of April 2, 2016
| Level 1 |  | Level 2 |  | Level 3
| (In thousands)
Description |  |  |  |  |
Assets: |  |  |  |  |
Cash and cash equivalents |  |  |  |  |
Money market funds | $ | 103,470 |  |  | $ | — |  |  | $ | — |
Short term investments |  |  |  |  |
Corporate and government bonds (1) | — |  |  | 30,746 |  |  | — |
Other current assets |  |  |  |  |
Derivative instruments (Note 6) (2) | — |  |  | 11 |  |  | — |
Total assets measured at fair value | $ | 103,470 |  |  | $ | 30,757 |  |  | $ | — |
The Company’s financial assets and liabilities measured at fair value on a recurring basis at January 2, 2016, were as follows:
| Fair Value Measurements as of January 2, 2016
| Level 1 |  | Level 2 |  | Level 3
| (In thousands)
Description |  |  |  |  |
Assets: |  |  |  |  |
Cash and cash equivalents |  |  |  |  |
Money market funds | $ | 110,817 |  |  | $ | — |  |  | $ | — |
Short term investments |  |  |  |  |
Corporate and government bonds (1) | — |  |  | 33,124 |  |  | — |
Total assets measured at fair value | $ | 110,817 |  |  | $ | 33,124 |  |  | $ | — |
Liabilities: |  |  |  |  |
Accrued Expenses |  |  |  |  |
Derivative instruments (Note 6) (2) | $ | — |  |  | $ | 28 |  |  | $ | — |
Total liabilities measured at fair value | $ | — |  |  | $ | 28 |  |  | $ | — |
(1) | The bond investments are valued based on observable market values as of the Company’s reporting date. The bond investments are recorded at fair value and marked-to-market at the end of each reporting period. The realized and unrealized gains and losses are included in comprehensive income for that period.
(2) | Derivative instruments are valued using an income approach based on the present value of the forward rate less the contract rate multiplied by the notional amount.

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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 + Details
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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/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 + Details
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