FAIR VALUE (Tables)

9 Months Ended

Mar. 29, 2014

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are shown in the table below by their corresponding balance sheet caption and consisted of the following types of instruments at March 29, 2014:



	Fair Value Measurement at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(Thousands)
Assets:
Cash and cash equivalents: (1)
Money market funds	$	1,220	$	—	$	—	$	1,220
Short-term investments:
Marketable securities	160		—		—		160
Total assets measured at fair value	$	1,380	$	—	$	—	$	1,380


(1)	Excludes $116.2 million in cash held in our bank accounts at March 29, 2014.

Changes in Assets and Liabilities Classified Within Level Three

The following table provides details regarding the changes in assets and liabilities classified within Level 3 from June 29, 2013 to March 29, 2014:



	Other non-current
	liabilities
	(Thousands)
Balance at June 29, 2013	$	99
Current year adjustments to the contingent obligation for make-whole premium	600
Settlement of make-whole premium upon conversion of the Convertible Notes	(699		)
Balance at March 29, 2014	$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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