Plantronics 2013 Annual Report Download - page 69

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59
5. FAIR VALUE MEASUREMENTS
The following table represents the Company's fair value hierarchy for its financial assets and liabilities:
Fair Values as of March 31, 2013:
(in thousands) Level 1 Level 2 Total
Cash and cash equivalents:
Cash $ 118,881 $ — $ 118,881
U.S. Treasury Bills 104,995 — 104,995
Commercial Paper — 4,900 4,900
Short-term investments:
U.S. Treasury Bills and Government Agency Securities 7,243 58,864 66,107
Commercial Paper — 15,679 15,679
Corporate Bonds — 34,795 34,795
Long-term investments:
U.S. Treasury Bills and Government Agency Securities 22,904 32,454 55,358
Corporate Bonds — 23,898 23,898
CDs — 1,005 1,005
Other current assets:
Derivative assets — 1,665 1,665
Total assets measured at fair value $ 254,023 $ 173,260 $ 427,283
Accrued liabilities:
Derivative liabilities $ 3 $ 291 $ 294
Fair Values as of March 31, 2012:
(in thousands) Level 1 Level 2 Total
Cash and cash equivalents:
Cash $ 147,338 $ — $ 147,338
U.S. Treasury Bills 50,000 — 50,000
Commercial Paper — 11,997 11,997
Short-term investments:
U.S. Treasury Bills and Government Agency Securities 12,898 48,998 61,896
Commercial Paper — 20,039 20,039
Corporate Bonds — 38,356 38,356
CDs — 4,886 4,886
Long-term investments:
U.S. Treasury Bills and Government Agency Securities 6,647 23,190 29,837
Corporate Bonds — 25,510 25,510
Other current assets:
Derivative assets — 2,658 2,658
Total assets measured at fair value $ 216,883 $ 175,634 $ 392,517
Accrued liabilities:
Derivative liabilities $ 7 $ 714 $ 721
There were no transfers between fair value measurement levels during the years ended March 31, 2013 and 2012.
Refer to Note 15, Foreign Currency Derivatives, which discloses the nature of the Company's derivative assets and liabilities as
of March 31, 2013 and 2012.
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