v3.22.4

Cash, cash equivalents and short-term investments | 6 Months Ended
--- | ---
Dec. 30, 2022
Cash and Cash Equivalents [Abstract] |
Cash, cash equivalents and short-term investments | Cash, cash equivalents and short-term investments The Company’s cash, cash equivalents, and short-term investments are as follows:
|  |  | Fair Value
(in thousands) | Carrying Cost |  | Unrealized Gain/ (Loss) |  | Cash and Cash Equivalents |  | Marketable Securities |  | Other Investments
As of December 30, 2022 |  |  |  |  |  |  |  |  |
Cash | $ | 236,504 |  |  | $ | — |  |  | $ | 236,504 |  |  | $ | — |  |  | $ | — |
Cash equivalents | 14,325 |  |  | — |  |  | 14,325 |  |  | — |  |  | — |
Liquidity funds | 30,127 |  |  | — |  |  | — |  |  | — |  |  | 30,127 |
Corporate debt securities | 242,902 |  |  | (5,991) |  |  | — |  |  | 236,911 |  |  | — |
U.S. agency and U.S. treasury securities | 10,045 |  |  | (305) |  |  | — |  |  | 9,740 |  |  | — |
Total | $ | 533,903 |  |  | $ | (6,296) |  |  | $ | 250,829 |  |  | $ | 246,651 |  |  | $ | 30,127 |
As of June 24, 2022 |  |  |  |  |  |  |  |  |
Cash | $ | 187,630 |  |  | $ | — |  |  | $ | 187,630 |  |  | $ | — |  |  | $ | — |
Cash equivalents | 10,367 |  |  | (1) |  |  | 10,366 |  |  | — |  |  | — |
Liquidity funds | 31,477 |  |  | — |  |  | — |  |  | — |  |  | 31,477 |
Corporate debt securities | 234,689 |  |  | (5,671) |  |  | — |  |  | 229,018 |  |  | — |
U.S. agency and U.S. treasury securities | 20,007 |  |  | (345) |  |  | — |  |  | 19,662 |  |  | — |
Total | $ | 484,170 |  |  | $ | (6,017) |  |  | $ | 197,996 |  |  | $ | 248,680 |  |  | $ | 31,477 |
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 December 30, 2022 and June 24, 2022:
| December 30, 2022 |  | June 24, 2022
(in thousands) | Carrying Cost |  | Fair Value |  | Carrying Cost |  | Fair Value
Due within one year | $ | 102,598 |  |  | $ | 102,106 |  |  | $ | 101,976 |  |  | $ | 101,400 |
Due between one to five years | 180,476 |  |  | 174,672 |  |  | 184,197 |  |  | 178,757 |
Total | $ | 283,074 |  |  | $ | 276,778 |  |  | $ | 286,173 |  |  | $ | 280,157 |

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_CashCashEquivalentsAndMarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration