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Table of Contents
Fair Value Measured and
Recorded Using Significant Unobservable Inputs
(Level 3)
(In thousands)
Money Market
Funds
Liability for
contingent
consideration
Total Gains
(Losses)
Balance as of December 28, 2009 $ 23,242 $ —
Partial distribution from the Reserve Funds (4,574) — $ —
Recovery of impairment on investment securities 3,776 — $ 3,776
Fair value of liability for contingent consideration recorded on acquisition (See Note
11. Commitments and Contingencies) — 28,194 $ —
Balance as of December 26, 2010 $ 22,444 $ 28,194
For all periods presented, realized gains and losses were included in Other income (expense) in the Consolidated Statements of Operations. For further
details see Note 7. Investment Securities for discussion of the Money Market Funds, and see Note 11. Commitments and Contingencies.
Assets/Liabilities Measured and Recorded at Fair Value on a Non-Recurring Basis
Our non-financial assets, such as intangible assets are recorded at fair value only if an impairment charge is recognized. The following table presents
the non-financial assets that were remeasured and recorded at fair value on a non-recurring basis during 2010 and 2011, and the losses recorded during 2010
and 2011 on those assets:
Net Carrying Value
As of December 31, 2011
Fair Value Measured and Recorded Using
Total
Losses for
Year Ended
December 31,
(In thousands) Level 1 Level 2 Level 3 2011
Intangible assets $ — $ — $ — $ — $ (3,589)
Total losses for assets held as of December 31, 2011 $ (3,589)
Total losses for recorded non-recurring measurement $ (3,589)
Net Carrying Value
As of December 26, 2010
Fair Value Measured and Recorded Using Total
Losses for
Year Ended
December 26,
2010
(In thousands) Level 1 Level 2 Level 3
Intangible assets $ — $ — $ — $ — $ (4,882)
Total losses for assets held as of December 26, 2010 $ (4,882)
Total losses for recorded non-recurring measurement $ (4,882)
The losses recorded during 2011 and 2010, were included in Research and Development expenses in the Consolidated Statements of Operations. See
Note 1. Summary of Significant Accounting Policies for details on the asset impairments.
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