v3.7.0.1
Fair Value Measurements
 3 Months Ended
Apr. 01, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurements
Fair Value Measurements
The following table presents information about our assets measured at fair value on a recurring basis as of April 1, 2017 and December 31, 2016 and indicates the fair value hierarchy of the valuation techniques we utilized to determine such fair value (in thousands):
 
April 1, 2017
 
December 31, 2016
 
Fair Value Measurements Using Input Types
 
 
 
Fair Value Measurements Using Input Types
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market mutual funds
$
20,038

 
$
—

 
$
—

 
$
20,038

 
$
20,014

 
$
—

 
$
—

 
$
20,014

Certificates of deposit
$
15,000

 
$
—

 
$
—

 
$
15,000

 
$
15,000

 
$
—

 
$
—

 
$
15,000

Total assets
$
35,038

 
$
—

 
$
—

 
$
35,038

 
$
35,014

 
$
—

 
$
—

 
$
35,014


Non-Recurring Fair Value Measurements
We re-measure the fair value of certain assets and liabilities upon the occurrence of certain events. Such assets are comprised of long-lived assets, including property and equipment, intangible assets and goodwill. In the three months ended April 1, 2017 and March 26, 2016, no significant remeasurements were necessary. Other financial instruments not measured or recorded at fair value in the accompanying condensed consolidated balance sheets principally consist of accounts receivable, accounts payable, and accrued liabilities. The estimated fair values of these instruments approximate their carrying values due to their short-term nature.