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Cash, cash equivalents and short-term investments
 3 Months Ended
Sep. 27, 2024
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 September 27, 2024
Cash$400,236 $— $400,236 $— $— 
Cash equivalents448 — 448 — — 
Certificates of deposit and time deposits144,527 1,193 — 145,720 — 
Corporate debt securities144,356 2,767 — 147,123 — 
U.S. agency and U.S. treasury securities213,669 1,681 — 215,350 — 
Total$903,236 $5,641 $400,684 $508,193 $— 
As of June 28, 2024
Cash$409,938 $— $409,938 $— $— 
Cash equivalents35 — 35 — — 
Certificates of deposit and time deposits134,288 (5)— 134,283 — 
Corporate debt securities137,695 (932)— 136,763 — 
U.S. agency and U.S. treasury securities177,824 (240)— 177,584 — 
Total$859,780 $(1,177)$409,973 $448,630 $— 
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 September 27, 2024 and June 28, 2024:
September 27, 2024June 28, 2024
(in thousands)Carrying
Cost		Fair ValueCarrying
Cost		Fair Value
Due within one year$112,061 $113,287 $110,671 $110,669 
Due between one to five years390,491 394,906 339,136 337,961 
Total$502,552 $508,193 $449,807 $448,630