FAIR VALUE (Tables)

6 Months Ended

Dec. 30, 2017

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 December 30, 2017 and July 1, 2017:



	Fair Value Measurement at December 30, 2017 Using
	Quoted Prices		Significant
	in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(Thousands)
Assets:
Cash and cash equivalents: ⁽¹⁾
Money market funds	$	63,202	$	—	$	—	$	63,202
Commercial paper	—		3,996		—		3,996
Corporate bonds	—		4,017		—		4,017
Short-term investments:
Commercial paper	—		66,582		—		66,582
U.S. Treasury securities	—		47,831		—		47,831
Corporate bonds	—		18,542		—		18,542
Total assets measured at fair value	$	63,202	$	140,968	$	—	$	204,170


⁽¹⁾	Excludes $85.9 million in cash held in our bank accounts at December 30, 2017.



	Fair Value Measurement at July 1, 2017 Using
	Quoted Prices		Significant
	in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(Thousands)
Assets:
Cash and cash equivalents: ⁽¹⁾
Money market funds	$	99,037	$	—	$	—	$	99,037
Commercial paper	—		22,981		—		22,981
U.S. agency securities	—		15,981		—		15,981
Corporate bonds	—		2,012		—		2,012
Restricted cash:
Money market funds	712		—		—		712
Short-term investments:
Commercial paper	—		23,459		—		23,459
Corporate bonds	—		10,094		—		10,094
U.S. Treasury securities	—		4,006		—		4,006
Total assets measured at fair value	$	99,749	$	78,533	$	—	$	178,282


⁽¹⁾	Excludes $79.3 million in cash held in our bank accounts at July 1, 2017.