
					Fair Value
(in thousands)	Carrying Cost		Unrealized Gain/ (Loss)		Cash and Cash Equivalents		Marketable Securities		Other Investments
As of March 31, 2023
Cash	$	211,433	$	—	$	211,433	$	—	$	—
Cash equivalents	19,320		(10)		19,310		—		—
Liquidity funds	40,528		—		—		—		40,528
Certificates of deposit and time deposits	44,341		43		—		44,384		—
Corporate debt securities	215,295		(4,127)		—		211,168		—
U.S. agency and U.S. treasury securities	12,054		(154)		—		11,900		—
Total	$	542,971	$	(4,248)	$	230,743	$	267,452	$	40,528
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 March 31, 2023 and June 24, 2022:


	March 31, 2023				June 24, 2022
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	150,720	$	150,547	$	101,976	$	101,400
Due between one to five years	161,498		157,433		184,197		178,757
Total	$	312,218	$	307,980	$	286,173	$	280,157