XML 24 R9.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Investments | 9 Months Ended
--- | ---
Mar. 25, 2012
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments Short-term investments consist of high grade municipal and corporate bonds and other debt securities. The Company classifies its marketable securities as available-for-sale. This is based upon management’s determination that the underlying cash invested in these securities is available for operations as necessary. The following table provides a summary of marketable investments by type (in thousands):
|  | March 25, 2012
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Municipal bonds |  | $ | 202,208 |  |  | $ | 2,377 |  |  | $ | (143 | ) |  | $ | 204,442 |
Corporate bonds |  | 179,893 |  |  | 1,912 |  |  | (88 | ) |  | 181,717 |
Certificates of deposit |  | 65,000 |  |  | — |  |  | — |  |  | 65,000 |
U.S. agency securities |  | 64,283 |  |  | 486 |  |  | (2 | ) |  | 64,767 |
Non-U.S. government securities |  | 3,112 |  |  | — |  |  | (1 | ) |  | 3,111 |
Total |  | $ | 514,496 |  |  | $ | 4,775 |  |  | $ | (234 | ) |  | $ | 519,037 |
|  | June 26, 2011
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Municipal bonds |  | $ | 391,465 |  |  | $ | 3,943 |  |  | $ | (10 | ) |  | $ | 395,398 |
Corporate bonds |  | 207,241 |  |  | 2,312 |  |  | (115 | ) |  | 209,438 |
Certificates of deposit |  | 10,003 |  |  | 12 |  |  | — |  |  | 10,015 |
Municipal variable rate demand notes |  | 295 |  |  | — |  |  | — |  |  | 295 |
Commercial paper |  | 4,999 |  |  | — |  |  | — |  |  | 4,999 |
U.S. agency securities |  | 67,244 |  |  | 807 |  |  | (2 | ) |  | 68,049 |
Non-U.S. government securities |  | 6,986 |  |  | 19 |  |  | — |  |  | 7,005 |
Total |  | $ | 688,233 |  |  | $ | 7,093 |  |  | $ | (127 | ) |  | $ | 695,199 |
The following table presents the gross unrealized losses and estimated fair value of the Company's investment securities, aggregated by investment type and length of time that individual investments securities have been in a continuous unrealized loss position (in thousands):
|  | March 25, 2012
|  | Less than 12 Months |  | Greater than 12 Months |  | Total
|  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
Municipal bonds |  | $ | 21,888 |  |  | $ | (143 | ) |  | $ | — |  |  | $ | — |  |  | $ | 21,888 |  |  | $ | (143 | )
Corporate bonds |  | 25,936 |  |  | (88 | ) |  | — |  |  | — |  |  | 25,936 |  |  | (88 | )
U.S. agency securities |  | 2,997 |  |  | (2 | ) |  | — |  |  | — |  |  | 2,997 |  |  | (2 | )
Non-U.S. government securities |  | 3,111 |  |  | (1 | ) |  | — |  |  | — |  |  | 3,111 |  |  | (1 | )
Total |  | $ | 53,932 |  |  | $ | (234 | ) |  | $ | — |  |  | $ | — |  |  | $ | 53,932 |  |  | $ | (234 | )
Number of securities with an unrealized loss |  |  |  | 26 |  |  |  |  | — |  |  |  |  | 26 |
|  | June 26, 2011
|  | Less than 12 Months |  | Greater than 12 Months |  | Total
|  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
Municipal bonds |  | $ | 14,348 |  |  | $ | (10 | ) |  | $ | — |  |  | $ | — |  |  | $ | 14,348 |  |  | $ | (10 | )
Corporate bonds |  | 20,484 |  |  | (115 | ) |  | — |  |  | — |  |  | 20,484 |  |  | (115 | )
U.S. agency securities |  | 6,518 |  |  | (2 | ) |  | — |  |  | — |  |  | 6,518 |  |  | (2 | )
Total |  | $ | 41,350 |  |  | $ | (127 | ) |  | $ | — |  |  | $ | — |  |  | $ | 41,350 |  |  | $ | (127 | )
Number of securities with an unrealized loss |  |  |  | 20 |  |  |  |  | — |  |  |  |  | 20 |
The contractual maturities of marketable investments at March 25, 2012 were as follows (in thousands):
| March 25, 2012
| Within One Year |  | After One, Within Five Years |  | After Five, Within Ten Years |  | After Ten Years |  | Total
Municipal bonds | $ | 86,060 |  |  | $ | 118,382 |  |  | $ | — |  |  | $ | — |  |  | $ | 204,442 |
Corporate bonds | 80,333 |  |  | 101,384 |  |  | — |  |  | — |  |  | 181,717 |
Certificates of deposit | 65,000 |  |  | — |  |  | — |  |  | — |  |  | 65,000 |
U.S. agency securities | 21,802 |  |  | 42,965 |  |  | — |  |  | — |  |  | 64,767 |
Non-U.S. government securities | 1,010 |  |  | 2,101 |  |  | — |  |  | — |  |  | 3,111 |
Total | $ | 254,205 |  |  | $ | 264,832 |  |  | $ | — |  |  | $ | — |  |  | $ | 519,037 |

X
- Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 -Topic 320 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 -Topic 320 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration