The tables below set forth, by level, the Company’s assets and liabilities that are measured at fair value on a recurring basis. The tables do not include assets and liabilities that are measured at historical cost or any basis other than fair value (in thousands):



	Fair Value Measurements at February 3, 2018
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:
Money market funds	$	18,503	$	—	$	—	$	18,503
Time deposits	—		65,117		—		65,117
U.S. government and agency debt	51,589		—		—		51,589
Municipal debt securities	—		5,290		—		5,290
Corporate debt securities	—		127,076		—		127,076
Short-term investments:
Time deposits	—		150,000		—		150,000
U.S. government and agency debt	247,741		—		—		247,741
Foreign government and agency debt	—		6,987		—		6,987
Municipal debt securities	—		2,728		—		2,728
Corporate debt securities	—		503,079		—		503,079
Asset backed securities	—		42,255		—		42,255
Other non-current assets:
Severance pay fund	—		896		—		896
Total assets	$	317,833	$	903,428	$	—	$	1,221,261



	Fair Value Measurements at January 28, 2017
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:
Money market funds	$	36,122	$	—	$	—	$	36,122
Time deposits	—		67,000		—		67,000
U.S. government and agency debt	17,497		—		—		17,497
Foreign government and agency debt	—		1,500		—		1,500
Municipal debt securities	—		8,740		—		8,740
Corporate debt securities	—		31,280		—		31,280
Short-term investments:
Time deposits	—		150,000		—		150,000
U.S. government and agency debt	185,387		—		—		185,387
Foreign government and agency debt	—		13,375		—		13,375
Municipal debt securities	—		27,871		—		27,871
Corporate debt securities	—		432,108		—		432,108
Asset backed securities	—		45,527		—		45,527
Prepaid expenses and other current assets:
Foreign currency forward contracts	—		735		—		735
Long-term investments:
Auction rate securities	—		—		4,615		4,615
Other non-current assets:
Severance pay fund	—		736		—		736
Total assets	$	239,006	$	778,872	$	4,615	$	1,022,493
Liabilities
Accrued liabilities:
Foreign currency forward contracts	$	—	$	58	$	—	$	58