Fair Value Measurements (Tables)

3 Months Ended

Sep. 27, 2014

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities measured at fair value on a recurring basis were as follows:



	As of September 27, 2014								As of June 28, 2014
	Fair Value Measurements Using						Total Balance		Fair Value Measurements Using						Total Balance
	Level 1		Level 2		Level 3		Total Balance		Level 1		Level 2		Level 3		Total Balance
	(in thousands)
Assets
Money market funds (1)	$	891,158	$	—	$	—	$	891,158	$	971,868	$	—	$	—	$	971,868
U.S. treasury bills (2)	—		75,094		—		75,094		—		49,953		—		49,953
Foreign currency forward contracts (3)	—		259		—		259		—		316		—		316
Total Assets	$	891,158	$	75,353	$	—	$	966,511	$	971,868	$	50,269	$	—	$	1,022,137

Liabilities
Foreign currency forward contracts (4)	$	—	$	2,366	$	—	$	2,366	$	—	$	438	$	—	$	438
Contingent Consideration (4)	—		—		1,000		1,000		—		—		3,215		3,215
Total Liabilities	$	—	$	2,366	$	1,000	$	3,366	$	—	$	438	$	3,215	$	3,653

(1) Included in Cash and cash equivalents in the accompanying Condensed Consolidated Balance Sheets.

(2) Included in Short-term investments in the accompanying Condensed Consolidated Balance Sheets.

(3) Included in Other current assets in the accompanying Condensed Consolidated Balance Sheets.

(4) Included in Accrued expenses in the accompanying Condensed Consolidated Balance Sheets.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The tables below present reconciliations for liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 27, 2014 and September 28, 2013:



Fair Value Measured and Recorded Using Significant Unobservable Inputs (Level 3)

	September 27, 2014			September 28, 2013
Contingent Consideration	(in thousands)
Beginning balance	$	3,215		$	8,577
Total gains or losses (realized and unrealized):
Included in earnings	384			208
Payments	(2,599		)	—
Ending balance	$	1,000		$	8,785

Changes in unrealized losses (gains) included in earnings related to liabilities still held as of period end	$	384		$	208

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details