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Cash, cash equivalents and short-term investments (Tables)
9 Months Ended
Mar. 25, 2022
Cash and Cash Equivalents [Abstract]  
Summary of Components of Cash, Cash Equivalents, and Short-Term Investments
The Company’s cash, cash equivalents, and short-term investments are as follows:
Fair Value
(amount in thousands)Carrying
Cost
Unrealized
Gain/
(Loss)
Cash and
Cash
Equivalents
Marketable
Securities
Other
Investments
As of March 25, 2022
Cash$232,796 $— $232,796 $— $— 
Cash equivalents36,349 (5)36,344 — — 
Liquidity funds31,382 — — — 31,382 
Corporate debt securities192,746 (3,024)— 189,722 — 
U.S. agency and U.S. treasury securities25,024 (276)— 24,748 — 
Total$518,297 $(3,305)$269,140 $214,470 $31,382 
As of June 25, 2021
Cash$222,664 $— $222,664 $— $— 
Cash equivalents80,305 — 80,305 — — 
Liquidity funds30,000 1,226 — — 31,226 
Certificates of deposit and time deposits10,500 — — — 10,500 
Corporate debt securities171,626 164 — 171,790 — 
U.S. agency and U.S. treasury securities31,301 146 — 31,447 — 
Total$546,396 $1,536 $302,969 $203,237 $41,726 
Schedule of Available-for-Sale Securities Based on Stated Effective Maturities
The following table summarizes the cost and estimated fair value of short-term investments classified as available-for-sale securities based on stated effective maturities as of March 25, 2022 and June 25, 2021:
March 25, 2022June 25, 2021
(amount in thousands)Carrying
Cost
Fair ValueCarrying
Cost
Fair Value
Due within one year$68,455 $68,383 $30,000 $31,226 
Due between one to five years180,697 177,469 202,927 203,237 
Total$249,152 $245,852 $232,927 $234,463 
Schedule of the Carrying Cost of Short-Term Investments Classified as Held-to-Maturity Securities
The following table summarizes the carrying cost of short-term investments classified as held-to-maturity securities based on stated effective maturities as of March 25, 2022 and June 25, 2021:
(amount in thousands)As of March 25, 2022As of June 25, 2021
Due within one year$— 
(1)
$10,500 
Due between one to five years— — 
Total$— $10,500 
(1)Short-term investments classified as held-to-maturity securities as of June 25, 2021 matured in July 2021.