Fair value of financial instruments (Tables)

6 Months Ended

Dec. 25, 2015

Financial Instruments Measured at Fair Value on Recurring Basis

The following table provides details of the financial instruments measured at fair value on a recurring basis, including:

	Fair Value Measurements at Reporting Date Using
(amount in thousands)	Level 1		Level 2			Level 3		Total
As of December 25, 2015
Assets
Cash equivalents	$	—	$	11,372		$	—	$	11,372
Corporate bonds and commercial papers		—		113,794			—		113,794
U.S. agency and U.S. treasury securities		—		20,674			—		20,674
Sovereign and municipal securities		—		731			—		731
Total	$	—	$	146,571		$	—	$	146,571
Liabilities
Derivative liabilities	$	—	$	6,209	(1)	$	—	$	6,209
Total	$	—	$	6,209		$	—	$	6,209

	Fair Value Measurements at Reporting Date Using
(amount in thousands)	Level 1		Level 2			Level 3		Total
As of June 26, 2015
Assets
Cash equivalents	$	—	$	7,430		$	—	$	7,430
Corporate bonds and commercial papers		—		120,101			—		120,101
U.S. agency and U.S. treasury securities		—		21,027			—		21,027
Sovereign and municipal securities		—		1,738			—		1,738
Derivative assets		—		4	(2)		—		4
Total	$	—	$	150,300		$	—	$	150,300
Liabilities
Derivative liabilities	$	—	$	371	(3)	$	—	$	371
Total	$	—	$	371		$	—	$	371

⁽¹⁾  Foreign currency forward contracts with notional amount of $181.5 million and Canadian Dollars 0.4 million.

⁽²⁾ Foreign currency options with notional amount of $3.0 million and forward contracts with notional amount of Canadian Dollars 0.4 million.

⁽³⁾  Foreign currency options with notional amount of $41.0 million.