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Investments (Tables)
 6 Months Ended
Dec. 29, 2013
Investments, Debt and Equity Securities [Abstract]  
Summary of Marketable Investments by Type
The following tables summarize marketable investments (in thousands):
 
 
December 29, 2013
 
 
Amortized    
Cost
 
Gross Unrealized    
Gains
 
Gross
Unrealized    
Losses
 
 Estimated Fair 
Value
Municipal bonds
 

$278,331

 

$1,604

 

($151
)
 

$279,784

Corporate bonds
 
208,636

 
1,660

 
(957
)
 
209,339

U.S. agency securities
 
31,157

 
199

 
—

 
31,356

Non-U.S. certificates of deposit
 
386,000

 
—

 
—

 
386,000

Non-U.S. government securities
 
8,566

 
20

 
(2
)
 
8,584

Total
 

$912,690

 

$3,483

 

($1,110
)
 

$915,063

 
 
 
 
 
 
 
 
 
 
 
June 30, 2013
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated Fair
Value
Municipal bonds
 

$250,206

 

$817

 

($1,314
)
 

$249,709

Corporate bonds
 
192,147

 
1,678

 
(1,765
)
 
192,060

U.S. agency securities
 
39,288

 
186

 
—

 
39,474

Non-U.S. certificates of deposit
 
345,000

 
—

 
—

 
345,000

Non-U.S. government securities
 
7,608

 
14

 
(19
)
 
7,603

Total
 

$834,249

 

$2,695

 

($3,098
)
 

$833,846
Summary of Gross Unrealized Losses and Estimated Fair Value of Investment Securities, Aggregated by Investment Type and Length of Time
The following tables present the gross unrealized losses and estimated fair value of the Company's investment securities, aggregated by investment type and the length of time that individual investment securities have been in a continuous unrealized loss position (in thousands, except numbers of securities):
 
 
December 29, 2013
 
 
Less than 12 Months
 
Greater than 12 Months
 
Total
 
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
Municipal bonds
 

$46,896

 

($151
)
 

$—

 

$—

 

$46,896

 

($151
)
Corporate bonds
 
73,821

 
(906
)
 
2,967

 
(51
)
 
76,788

 
(957
)
Non-U.S. government securities
 
2,034

 
(2
)
 
—

 
—

 
2,034

 
(2
)
Total
 

$122,751

 

($1,059
)
 

$2,967

 

($51
)
 

$125,718

 

($1,110
)
Number of securities with an unrealized loss
 
 
 
61

 
 
 
2

 
 
 
63

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2013
 
 
Less than 12 Months
 
Greater than 12 Months
 
Total
 
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
Municipal bonds
 

$126,926

 

($1,314
)
 

$—

 

$—

 

$126,926

 

($1,314
)
Corporate bonds
 
102,010

 
(1,765
)
 
—

 
—

 
102,010

 
(1,765
)
Non-U.S. government securities
 
5,534

 
(19
)
 
—

 
—

 
5,534

 
(19
)
Total
 

$234,470

 

($3,098
)
 

$—

 

$—

 

$234,470

 

($3,098
)
Number of securities with an unrealized loss
 
 
 
123

 
 
 
—

 
 
 
123
Contractual Maturities of Marketable Investments by Type
The contractual maturities of marketable investments as of December 29, 2013 were as follows (in thousands):
 
 
December 29, 2013
 
Within One    
Year
 
After One,
Within Five    
Years
 
After Five,
Within Ten    
Years
 
After Ten    
Years
 
Total
Municipal bonds

$58,779

 

$221,005

 

$—

 

$—

 

$279,784

Corporate bonds
36,499

 
172,840

 
—

 
—

 
209,339

U.S. agency securities
12,110

 
19,246

 
—

 
—

 
31,356

Non-U.S. certificates of deposit
386,000

 
—

 
—

 
—

 
386,000

Non-U.S. government securities
5,574

 
3,010

 
—

 
—

 
8,584

Total

$498,962

 

$416,101

 

$—

 

$—

 

$915,063