Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 25, 2017

The following table sets forth financial instruments carried at fair value within the U.S. GAAP hierarchy (in thousands):



	June 25, 2017								June 26, 2016
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Municipal bonds	$	—	$	1,802	$	—	$	1,802	$	—	$	—	$	—	$	—
Non-U.S. certificates of deposit	—		736		—		736		—		137		—		137
Money market funds	1,184		—		—		1,184		576		—		—		576
Total cash equivalents	1,184		2,538		—		3,722		576		137		—		713
Short-term investments:
Municipal bonds	—		180,041		—		180,041		—		190,440		—		190,440
Corporate bonds	—		177,721		—		177,721		—		168,767		—		168,767
U.S. certificates of deposit	—		—		—		—		—		3,500		—		3,500
Commercial paper	—		200		—		200		—		3,317		—		3,317
Non-U.S. certificates of deposit	—		120,379		—		120,379		—		73,127		—		73,127
Total short-term investments	—		478,341		—		478,341		—		439,151		—		439,151
Other long-term investments
Common stock of non-U.S. corporations	—		50,366		—		50,366		—		40,179		—		40,179
Total other long-term investments	—		50,366		—		50,366		—		40,179		—		40,179
Total assets		$1,184		$531,245		$—		$532,429		$576		$479,467		$—		$480,043