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Cash, cash equivalents and short-term investments
 6 Months Ended
Dec. 29, 2023
Cash and Cash Equivalents [Abstract]  
Cash, cash equivalents and short-term investments Cash, cash equivalents and short-term investments
The Company’s cash, cash equivalents, and short-term investments are as follows:
Fair Value
(in thousands)Carrying
Cost		Unrealized
Gain/
(Loss)		Cash and
Cash
Equivalents		Marketable
Securities		Other
Investments
As of December 29, 2023
Cash$332,881 $— $332,881 $— $— 
Cash equivalents1,172 — 1,172 — — 
Liquidity funds31,736 — — — 31,736 
Certificates of deposit and time deposits134,777 1,519 — 136,296 — 
Corporate debt securities122,554 (1,158)— 121,396 — 
U.S. agency and U.S. treasury securities116,856 256 — 117,112 — 
Total$739,976 $617 $334,053 $374,804 $31,736 
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 
All highly liquid investments with original maturities of three months or less at the date of purchase are classified as cash equivalents. Management determines the appropriate classification of its investments at the time of purchase and reevaluates the designations at each balance sheet date. The Company may sell certain of its short-term investments prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s short-term investments generally range from three months to three years.
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 December 29, 2023 and June 30, 2023:
December 29, 2023June 30, 2023
(in thousands)Carrying
Cost		Fair ValueCarrying
Cost		Fair Value
Due within one year$200,139 $201,672 $172,992 $173,137 
Due between one to five years205,784 204,868 149,385 145,963 
Total$405,923 $406,540 $322,377 $319,100