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

9 Months Ended

Mar. 29, 2024

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 March 29, 2024
Cash	$	382,652	$	—	$	382,652	$	—	$	—
Cash equivalents	2,459		—		2,459		—		—
Liquidity funds	32,213		—		—		—		32,213
Certificates of deposit and time deposits	90,436		338		—		90,774		—
Corporate debt securities	138,243		(1,331)		—		136,912		—
U.S. agency and U.S. treasury securities	149,145		(129)		—		149,016		—
Total	$	795,148	$	(1,122)	$	385,111	$	376,702	$	32,213
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 March 29, 2024 and June 30, 2023:

	March 29, 2024				June 30, 2023
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	101,042	$	101,379	$	172,992	$	173,137
Due between one to five years	308,995		307,536		149,385		145,963
Total	$	410,037	$	408,915	$	322,377	$	319,100