Cash, cash equivalents and short-term investments (Tables)

6 Months Ended

Dec. 29, 2023

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
(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 equivalents	1,172		—		1,172		—		—
Liquidity funds	31,736		—		—		—		31,736
Certificates of deposit and time deposits	134,777		1,519		—		136,296		—
Corporate debt securities	122,554		(1,158)		—		121,396		—
U.S. agency and U.S. treasury securities	116,856		256		—		117,112		—
Total	$	739,976	$	617	$	334,053	$	374,804	$	31,736
As of June 30, 2023
Cash	$	230,967	$	—	$	230,967	$	—	$	—
Cash equivalents	401		—		401		—		—
Liquidity funds	41,104		—		—		—		41,104
Certificates of deposit and time deposits	64,278		329		—		64,607		—
Corporate debt securities	161,453		(3,375)		—		158,078		—
U.S. agency and U.S. treasury securities	55,542		(231)		—		55,311		—
Total	$	553,745	$	(3,277)	$	231,368	$	277,996	$	41,104

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 December 29, 2023 and June 30, 2023:

	December 29, 2023				June 30, 2023
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	200,139	$	201,672	$	172,992	$	173,137
Due between one to five years	205,784		204,868		149,385		145,963
Total	$	405,923	$	406,540	$	322,377	$	319,100