Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 25, 2018

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



	March 25, 2018								June 25, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Municipal bonds		$—		$—		$—		$—		$—		$1,802		$—		$1,802
U.S. agency securities	1,000		6,368		—		7,368		—		—		—		—
Non-U.S. certificates of deposit	—		—		—		—		—		736		—		736
Commercial Paper	—		999		—		999		—		—		—		—
Money market funds	2,054		—		—		2,054		1,184		—		—		1,184
Total cash equivalents	3,054		7,367		—		10,421		1,184		2,538		—		3,722
Short-term investments:
Municipal bonds	—		109,388		—		109,388		—		180,041		—		180,041
Corporate bonds	—		67,296		—		67,296		—		177,721		—		177,721
U.S. agency securities	3,893		—		—		3,893		—		—		—		—
Commercial paper	—		2,096		—		2,096		—		200		—		200
Non-U.S. certificates of deposit	—		117,566		—		117,566		—		120,379		—		120,379
Total short-term investments	3,893		296,346		—		300,239		—		478,341		—		478,341
Other long-term investments:
Common stock of non-U.S. corporations	—		60,419		—		60,419		—		50,366		—		50,366
Total other long-term investments	—		60,419		—		60,419		—		50,366		—		50,366
Total assets		$6,947		$364,132		$—		$371,079		$1,184		$531,245		$—		$532,429