
					Fair Value
(amount in thousands)	Carrying Cost		Unrealized Gain/ (Loss)		Cash and Cash Equivalents		Marketable Securities		Other Investments
As of March 26, 2021
Cash	$	239,096	$	—	$	239,096	$	—	$	—
Cash equivalents	7,915		—		7,915		—		—
Liquidity funds	51,344		—		—		—		51,344
Certificates of deposit and time deposits	20,500		—		—		—		20,500
Corporate debt securities	158,048		302		—		158,350		—
U.S. agency and U.S. treasury securities	31,289		253		—		31,542		—
Total	$	508,192	$	555	$	247,011	$	189,892	$	71,844
As of June 26, 2020
Cash	$	218,117	$	—	$	218,117	$	—	$	—
Cash equivalents	7,313		—		7,313		—		—
Liquidity funds	41,051		—		—		—		41,051
Certificates of deposit and time deposits	11,800		—		—		—		11,800
Corporate debt securities	159,220		948		—		160,168		—
U.S. agency and U.S. treasury securities	49,130		544		—		49,674		—
Total	$	486,631	$	1,492	$	225,430	$	209,842	$	52,851

All highly liquid investments with original maturities of three months or less at the date of purchase are classified as cash equivalents. Management determines the appropriate classification of its investments at the time of purchase and reevaluates the designations at each balance sheet date. The Company may sell certain of its short-term investments prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s short-term investments generally range from three months to three years.

The following table summarizes the cost and estimated fair value of short-term investments classified as available-for-sale securities based on stated effective maturities as of March 26, 2021 and June 26, 2020:


	March 26, 2021				June 26, 2020
(amount in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	62,641	$	62,638	$	76,127	$	76,196
Due between one to five years	126,696		127,254		132,223		133,646
Total	$	189,337	$	189,892	$	208,350	$	209,842