CASH AND CASH EQUIVALENTS

9 Months Ended

Jun. 27, 2015

Cash and Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

Cash equivalents and short-term investments consist of instruments with remaining maturities of three months or less at the date of purchase. In general, these investments are free of trading restrictions. We carry these investments at fair value, based on quoted market prices or other readily available market information.

Cash and cash equivalents consisted of the following as of June 27, 2015:



(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	131,589	$	—	$	—	$	131,589
Cash equivalents:
Money market funds	185,958		—		—		185,958
Time deposits	158,378		—		—		158,378
Commercial paper	—		—		—		—
Total cash and cash equivalents	$	475,925	$	—	$	—	$	475,925

The Company did not hold any short-term investments as of June 27, 2015.

Cash, cash equivalents and short-term investments consisted of the following as of September 27, 2014:



(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	130,668	$	—	$	—	$	130,668
Cash equivalents:
Money market funds	295,529		—		—		295,529
Time deposits	132,284		—		—		132,284
Commercial paper	29,500		—		—		29,500
Total cash and cash equivalents	$	587,981	$	—	$	—	$	587,981
Short-term investments
Time deposits	9,105		—		—		9,105
Total short-term investments	9,105		—		—		9,105
Total cash, cash equivalents and short-term investments	$	597,086	$	—	$	—	$	597,086

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References + Details