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v3.19.1

Investments, Forward Contracts and Fair Value Measurements (Tables) | 9 Months Ended
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Mar. 30, 2019
Fair Value Disclosures [Abstract] |
Schedule of available-for-sale securities | The following table presents the Company’s available-for-sale securities as of March 30, 2019 (in millions):
| Amortized Cost/ Carrying Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 1.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 1.5 |
U.S. agencies | 3.5 |  |  | — |  |  | — |  |  | 3.5 |
Municipal bonds and sovereign debt instruments | 1.7 |  |  | — |  |  | — |  |  | 1.7 |
Asset-backed securities | 3.9 |  |  | — |  |  | (0.4 | ) |  | 3.5 |
Corporate securities | 16.1 |  |  | — |  |  | (0.1 | ) |  | 16.0 |
Total available-for-sale debt securities | $ | 26.7 |  |  | $ | — |  |  | $ | (0.5 | ) |  | $ | 26.2 |
The following table presents the Company’s available-for-sale securities as of June 30, 2018, (in millions):
| Amortized Cost/ Carrying Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 36.0 |  |  | $ | — |  |  | $ | (0.1 | ) |  | $ | 35.9 |
U.S. agencies | 13.3 |  |  | — |  |  | (0.1 | ) |  | 13.2 |
Municipal bonds and sovereign debt instruments | 2.7 |  |  | — |  |  | — |  |  | 2.7 |
Asset-backed securities | 23.9 |  |  | — |  |  | (0.4 | ) |  | 23.5 |
Corporate securities | 114.9 |  |  | — |  |  | (0.6 | ) |  | 114.3 |
Total available-for-sale securities | $ | 190.8 |  |  | $ | — |  |  | $ | (1.2 | ) |  | $ | 189.6 |
Schedule of contractual maturities of available-for-sale securities | The following table presents contractual maturities of the Company’s debt securities classified as available-for-sale as of March 30, 2019, (in millions):
| Amortized Cost/ Carrying Cost |  | Estimated Fair Value
Amounts maturing in less than 1 year | $ | 20.2 |  |  | $ | 20.1 |
Amounts maturing in 1 - 5 years | 5.6 |  |  | 5.5 |
Amounts maturing in more than 5 years | 0.9 |  |  | 0.6 |
Total debt available-for-sale securities | $ | 26.7 |  |  | $ | 26.2 |
Schedule of assets measured at fair value | The following table presents assets and liabilities measured at fair value as of March 30, 2019 and June 30, 2018, (in millions):
| March 30, 2019 |  | June 30, 2018
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 1.5 |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 35.9 |  |  | $ | 35.9 |  |  | $ | — |  |  | $ | — |
U.S. agencies | 3.5 |  |  | — |  |  | 3.5 |  |  | — |  |  | 13.2 |  |  | — |  |  | 13.2 |  |  | — |
Municipal bonds and sovereign debt instruments | 1.7 |  |  | — |  |  | 1.7 |  |  | — |  |  | 2.7 |  |  | — |  |  | 2.7 |  |  | — |
Asset-backed securities | 3.5 |  |  | — |  |  | 3.5 |  |  | — |  |  | 23.5 |  |  | — |  |  | 23.5 |  |  | — |
Corporate securities | 16.0 |  |  | — |  |  | 16.0 |  |  | — |  |  | 114.3 |  |  | — |  |  | 114.3 |  |  | — |
Total debt available-for-sale securities | 26.2 |  |  | 1.5 |  |  | 24.7 |  |  | — |  |  | 189.6 |  |  | 35.9 |  |  | 153.7 |  |  | — |
Money market funds | 247.2 |  |  | 247.2 |  |  | — |  |  | — |  |  | 354.9 |  |  | 354.9 |  |  | — |  |  | — |
Trading securities | 1.5 |  |  | 1.5 |  |  | — |  |  | — |  |  | 1.6 |  |  | 1.6 |  |  | — |  |  | — |
Foreign currency forward contract (1) | 4.1 |  |  | — |  |  | 4.1 |  |  | — |  |  | 2.7 |  |  | — |  |  | 2.7 |  |  | — |
Total assets (2) | $ | 279.0 |  |  | $ | 250.2 |  |  | $ | 28.8 |  |  | $ | — |  |  | $ | 548.8 |  |  | $ | 392.4 |  |  | $ | 156.4 |  |  | $ | — |
Liability: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contract (3) | $ | 2.4 |  |  | $ | — |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 11.7 |  |  | $ | — |  |  | $ | 11.7 |  |  | $ | — |
Contingent consideration (4) | 38.8 |  |  | — |  |  | — |  |  | 38.8 |  |  | — |  |  | — |  |  | — |  |  | — |
Total liabilities | $ | 41.2 |  |  | $ | — |  |  | $ | 2.4 |  |  | $ | 38.8 |  |  | $ | 11.7 |  |  | $ | — |  |  | $ | 11.7 |  |  | $ | — |
(1) | $4.1 million and $2.7 million in prepayments and other current assets on the Company’s Consolidated Balance Sheets as of March 30, 2019 and June 30, 2018, respectively.
(2) | $235.6 million in cash and cash equivalents, $27.1 million in short-term investments, $7.7 million in restricted cash, $4.1 million in prepayments and other current assets, and $4.5 million in other non-current assets on the Company’s Consolidated Balance Sheets as of March 30, 2019. $364.8 million in cash and cash equivalents, $169.3 million in short-term investments, $7.3 million in restricted cash, $2.7 million in other current assets, and $4.7 million in other non-current assets on the Company’s Consolidated Balance Sheets as of June 30, 2018.
(3) | $2.4 million and $11.7 million in other current liabilities on the Company’s Consolidated Balance Sheets as of March 30, 2019 and June 30, 2018, respectively.
(4) | Refer to “Note 6. Acquisitions” of the Notes to Consolidated Financial Statements for more detail.

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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