| Schedule of assets and liabilities measured at fair value on a recurring basis |
The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2016, and January 2, 2016. The fair value of cash and cash equivalents, accounts receivable, other current assets, accounts payable and accrued expenses and other liabilities approximates their carrying value, due to their short-term nature.
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December 31, 2016
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Adjusted Cost
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Unrealized Gains
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Unrealized Losses
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Fair Value
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Assets
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Level 1:
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Equity securities
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$
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—
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$
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31
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$
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—
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$
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31
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Mutual funds
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1,483
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—
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(159
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)
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1,324
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Subtotal
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1,483
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31
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(159
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)
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1,355
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Level 2:
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Corporate fixed income
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4,288
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9
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(408
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)
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3,889
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Municipal bonds
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1,675
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—
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(94
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)
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1,581
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Subtotal
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5,963
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9
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(502
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)
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5,470
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Total
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$
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7,446
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$
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40
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$
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(661
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)
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$
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6,825
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Liabilities
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Level 1:
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Phantom stock units
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$
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10
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$
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—
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$
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—
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$
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10
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Total
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$
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10
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$
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—
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$
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—
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$
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10
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January 2, 2016
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Adjusted Cost
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Unrealized Gains
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Unrealized Losses
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Fair Value
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Assets
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Level 1:
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Equity securities
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$
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1,318
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$
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28
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$
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(36
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)
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$
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1,310
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Mutual funds
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2,611
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1
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(238
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)
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2,374
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Subtotal
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3,929
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29
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(274
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)
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3,684
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Level 2:
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Corporate fixed income
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35,936
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8
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(1,682
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)
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34,262
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Municipal bonds
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2,897
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|
|
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—
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(94
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)
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2,803
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Certificates of deposit and time deposits
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2,947
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—
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—
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2,947
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Asset backed securities
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498
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—
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(20
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)
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478
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Subtotal
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42,278
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8
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(1,796
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)
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40,490
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Total
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$
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46,207
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$
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37
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|
$
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(2,070
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)
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$
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44,174
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Liabilities
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Level 1:
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Phantom stock units
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$
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17
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$
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—
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$
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—
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$
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17
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Total
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$
|
17
|
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|
$
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—
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|
|
$
|
—
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$
|
17
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| Summary of maturities of marketable securities |
Maturities of investments at December 31, 2016 are as follows:
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Adjusted Cost
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Fair Value
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Due in less than one year
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$
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1,056
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$
|
1,033
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Due after one year but within five years
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3,201
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2,857
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Due after five years but within ten years
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1,228
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1,153
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Due after ten years
|
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|
478
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|
|
|
427
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Total
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$
|
5,963
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|
|
$
|
5,470
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