Fair Value (Tables)

6 Months Ended

Dec. 28, 2014

Fair Value [Abstract]

Fair Value Hierarchy For financial Assets

The following table presents the Company’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis as of December 28, 2014:

In thousands	Quoted Prices in		Significant
	Active Markets		Other
	for Identical		Observable
	Instruments		Inputs
Description	(Level 1)		(Level 2)		Total
Assets
Investments in U.S. Treasury
securities and money-market funds	$	446,571	$	—	$	446,571
Investments in municipal bonds,
obligations of U.S. government-		—		566,612		566,612
sponsored enterprises and commercial paper
Total assets measured at fair value	$	446,571	$	566,612	$	1,013,183

The following table presents the Company’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis as of June 29, 2014:

In thousands	Quoted Prices in		Significant
	Active Markets		Other
	for Identical		Observable
	Instruments		Inputs
Description	(Level 1)		(Level 2)		Total
Assets
Investments in U.S. Treasury
securities and money-market funds	$	443,635	$	—	$	443,635
Investments in municipal bonds,
obligations of U.S. government-		—		446,931		446,931
sponsored enterprises and commercial paper
Total assets measured at fair value	$	443,635	$	446,931	$	890,566