The tables below set forth, by level, the Company’s assets and liabilities that are measured at fair value. 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 July 30, 2016
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:
Money market funds	$	17,946	$	—	$	—	$	17,946
Time deposits		—		50,561		—		50,561
Municipal debt securities		—		9,740		—		9,740
Corporate debt securities		—		12,595		—		12,595
Short-term investments:
U.S. government and agency debt		206,276		—		—		206,276
Corporate debt securities		—		478,848		—		478,848
Asset backed securities		—		51,608		—		51,608
Foreign government and agency debt		—		14,615		—		14,615
Municipal debt securities		—		28,910		—		28,910
Time deposits		—		125,000		—		125,000
Prepaid expenses and other current assets:
Foreign currency forward contracts		—		210		—		210
Long-term investments:
Auction rate securities		—		—		8,974		8,974
Other non-current assets:
Severance pay fund		—		699		—		699

Total assets	$	224,222	$	772,786	$	8,974	$	1,005,982


	Fair Value Measurements at January 30, 2016
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:
Money market funds	$	160,400	$	—	$	—	$	160,400
Time deposits		—		209,405		—		209,405
U.S. government and agency debt		184,374		—		—		184,374
Corporate debt securities		—		54,689		—		54,689
Short-term investments:
U.S. government and agency debt		317,405		—		—		317,405
Corporate debt securities		—		557,821		—		557,821
Asset backed securities		—		76,736		—		76,736
Foreign government and agency debt		—		21,358		—		21,358
Municipal debt securities		—		31,249		—		31,249
Prepaid expenses and other current assets:
Foreign currency forward contracts		—		30		—		30
Long-term investments:
Auction rate securities		—		—		11,296		11,296
Other non-current assets:
Severance pay fund		—		678		—		678

Total assets	$	662,179	$	951,966	$	11,296	$	1,625,441

Liabilities
Accrued liabilities:
Foreign currency forward contracts	$	—	$	195	$	—	$	195