The following table details our financial assets measured and recorded at fair value on a recurring basis at October 1, 2016: | | | | | | | | | | | | | | | | (In thousands) | | | | | | |
| | Fair Value Measurements Using | Description | | Balance Sheet Classification | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | Money market funds | | Cash equivalents | | $ | 108,378 |
| | $ | — |
| | $ | — |
| Time deposits | | Cash equivalents | | — |
| | 9,199 |
| | — |
| Commercial paper | | Cash equivalents | | — |
| | 2,500 |
| | — |
| Time deposits | | Short-term investments | | — |
| | 44,980 |
| | — |
| Commercial paper | | Short-term investments | | — |
| | 37,775 |
| | — |
| Government and corporate bonds | | Short-term investments | | — |
| | 178,430 |
| | — |
| Government and corporate bonds | | Long-term investments | | — |
| | 130,292 |
| | — |
|
The following table details our financial assets measured and recorded at fair value on a recurring basis at January 2, 2016: | | | | | | | | | | | | | | | | (In thousands) | | | | | | | | | Fair Value Measurements Using | Description | | Balance Sheet Classification | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | Money market funds | | Cash equivalents | | $ | 126,752 |
| | $ | — |
| | $ | — |
| Time deposits | | Cash equivalents | | — |
| | 5,677 |
| | — |
| Government and corporate bonds | | Cash equivalents | | — |
| | 73 |
| | — |
| Time deposits | | Short-term investments | | — |
| | 30,989 |
| | — |
| Commercial paper | | Short-term investments | | — |
| | 1,498 |
| | — |
| Government and corporate bonds | | Short-term investments | | — |
| | 78,572 |
| | — |
| Government and corporate bonds | | Long-term investments | | — |
| | 155,972 |
| | — |
|
|