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Cash, cash equivalents and short-term investments (Tables)
12 Months Ended
Jun. 30, 2023
Cash and Cash Equivalents [Abstract]  
Schedule of Cash, Cash Equivalents, and Short-Term Investments
Fair Value
(in thousands)Carrying
Cost
Unrealized
Gain/
(Loss)
Cash and
Cash
Equivalents
Marketable
Securities
Other
Investments
As of June 30, 2023
Cash$230,967 $— $230,967 $— $— 
Cash equivalents401 — 401 — — 
Liquidity funds41,104 — — — 41,104 
Certificates of deposit and time deposits64,278 329 — 64,607 — 
Corporate debt securities161,453 (3,375)— 158,078 — 
U.S. agency and U.S. Treasury securities55,542 (231)— 55,311 — 
Total$553,745 $(3,277)$231,368 $277,996 $41,104 
As of June 24, 2022
Cash$187,630 $— $187,630 $— $— 
Cash equivalents10,367 (1)10,366 — — 
Liquidity funds31,477 — — — 31,477 
Corporate debt securities234,689 (5,671)— 229,018 — 
U.S. agency and U.S. Treasury securities20,007 (345)— 19,662 — 
Total$484,170 $(6,017)$197,996 $248,680 $31,477 
Summary of Cost and Estimated Fair Value of Short-term Investments Classified as Available-for-Sale Securities
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 June 30, 2023 and June 24, 2022:
June 30, 2023June 24, 2022
(in thousands)Carrying
Cost
Fair ValueCarrying
Cost
Fair Value
Due within one year$172,992 $173,137 $101,976 $101,400 
Due between one to five years149,385 145,963 184,197 178,757 
Total$322,377 $319,100 $286,173 $280,157