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 May 5, 2018
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:
Money market funds	$	93,108	$	—	$	—	$	93,108
Time deposits	—		9,385		—		9,385
U.S. government and agency debt	248,901		—		—		248,901
Municipal debt securities	—		5,290		—		5,290
Corporate debt securities	—		35,424		—		35,424
Short-term investments:
Time deposits	—		100,000		—		100,000
U.S. government and agency debt	193,703		—		—		193,703
Foreign government and agency debt	—		1,796		—		1,796
Municipal debt securities	—		1,314		—		1,314
Corporate debt securities	—		386,482		—		386,482
Asset backed securities	—		28,758		—		28,758
Other non-current assets:
Severance pay fund	—		868		—		868
Total assets	$	535,712	$	569,317	$	—	$	1,105,029



	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