Short-Term Investments

9 Months Ended

Jul. 04, 2020

Cash, Cash Equivalents, and Short-term Investments [Abstract]

Short-Term Investments

SHORT-TERM INVESTMENTS

We consider all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Investments classified as available-for-sale are reported at fair value with unrealized gains and losses, net of related income taxes, recorded as a separate component of other comprehensive income ("OCI") in stockholders’ equity until realized. Interest and amortization of premiums and discounts for debt securities are included in interest income. Gains and losses on securities sold are determined based on the specific identification method and are included in other income (expense).

Cash, cash equivalents and short-term investments consist of the following (in thousands):

	July 4, 2020
	Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Cash and cash equivalents	$	378,992	$	—	$	—	$	378,992
Short-term investments:
Available-for-sale securities:
U.S. Treasury and agency obligations	$	115	$	—	$	—	$	115
Certificates of deposit	41,783		—		—		41,783
Total short-term investments	$	41,898	$	—	$	—	$	41,898

	September 28, 2019
	Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Cash and cash equivalents	$	305,833	$	—	$	—	$	305,833
Short-term investments:
Available-for-sale securities:
U.S. Treasury and agency obligations	$	120	$	—	$	—	$	120
Total short-term investments	$	120	$	—	$	—	$	120

There were no unrealized gains or losses at July 4, 2020 or September 28, 2019.