Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 93

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 8
Chunk 93
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 and whether it is more likely than not the Company will be required to sell the investment before recovery of the investment’s cost basis.  As of March 29, 2025, the Company does not consider any of its investments to be impaired. As of March 30, 2024AmortizedCostGross UnrealizedGainsGross UnrealizedLossesEstimated Fair Value(Net Carrying Amount)Corporate debt securities$186,194 $115 $(916)$185,393 U.S. Treasury securities9,850 — (81)9,769 Agency discount notes1,135 — (11)1,124 Commercial paper866 — — 866 Total securities$198,045 $115 $(1,008)$197,152 The Company’s specifically identified gross unrealized losses of $1.0 million related to securities with total amortized costs of approximately $172.1 million at March 30, 2024.  Securities in a continuous unrealized loss position for more than 12 

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months as of March 30, 2024 had an aggregate amortized cost of $25.0 million and an aggregate unrealized loss of $0.3 million as of March 30, 2024.  As of March 30, 2024, the Company did not consider any of its investments to be impaired. The cost and estimated fair value of available-for-sale investments by contractual maturity were as follows:  March 29, 2025March 30, 2024AmortizedCostEstimatedFair ValueAmortizedCostEstimatedFair ValueWithin 1 year$56,044 $56,160 $24,071 $23,778 After 1 year237,530 239,036 173,974 173,374 Total$293,574 $295,196 $198,045 $197,152 

4.    Fair Value of Financial Instruments

The Company has determined that the assets and liabilities in the Company’s financial statements that are required to be measured at fair value on a recurring basis are the Company’s cash equivalents and marketable securities portfolio.  The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  The Company applies the following fair value hierarchy, which priorit