XML 22 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Marketable Securities
 3 Months Ended
Oct. 02, 2016
Marketable Securities [Abstract]  
Marketable Securities

4.Marketable Securities



The following is a summary of cash equivalents and marketable securities as of October 2, 2016:









 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

October 2, 2016

 

In thousands

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

 



 

Cost

 

Gain

 

(Loss)(1)

 

Fair Value

 

U.S. Treasury securities

 

$

 504,838 

 

$

 514 

 

$

 (43)

 

$

 505,309 

 

Obligations of U.S. government-sponsored enterprises

 

 

 353,991 

 

 

 594 

 

 

 (32)

 

 

 354,553 

 

Municipal bonds

 

 

 144,863 

 

 

 31 

 

 

 (163)

 

 

 144,731 

 

Corporate debt securities and other

 

 

 366,566 

 

 

 80 

 

 

 (15)

 

 

 366,631 

 

Money market funds

 

 

 22,876 

 

 

 —

 

 

 —

 

 

 22,876 

 

Total

 

$

 1,393,134 

 

$

 1,219 

 

$

 (253)

 

$

 1,394,100 

 

Amounts included in:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 90,085 

 

$

 4 

 

$

 —

 

$

 90,089 

 

Marketable securities

 

 

 1,303,049 

 

 

 1,215 

 

 

 (253)

 

 

 1,304,011 

 

Total

 

$

 1,393,134 

 

$

 1,219 

 

$

 (253)

 

$

 1,394,100 

 



The following is a summary of cash equivalents and marketable securities as of July 3, 2016:







 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

July 3, 2016

 



 

 

 

 

 

 

 

 

 

 

 

 

 

In thousands

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

 



 

Cost

 

Gain

 

(Loss)(1)

 

Fair Value

 

U.S. Treasury securities

 

$

 441,925 

 

$

 783 

 

$

 (5)

 

$

 442,703 

 

Obligations of U.S. government-sponsored enterprises

 

 

 316,368 

 

 

 855 

 

 

 —

 

 

 317,223 

 

Municipal bonds

 

 

 119,680 

 

 

 158 

 

 

 (10)

 

 

 119,828 

 

Corporate debt securities and other

 

 

 395,254 

 

 

 143 

 

 

 (10)

 

 

 395,387 

 

Money market funds

 

 

 70,490 

 

 

 —

 

 

 —

 

 

 70,490 

 

Total

 

$

 1,343,717 

 

$

 1,939 

 

$

 (25)

 

$

 1,345,631 

 

Amounts included in:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 161,028 

 

$

 10 

 

$

 —

 

$

 161,038 

 

Marketable securities

 

 

 1,182,689 

 

 

 1,929 

 

 

 (25)

 

 

 1,184,593 

 

Total

 

$

 1,343,717 

 

$

 1,939 

 

$

 (25)

 

$

 1,345,631 

 





(1) The Company evaluated the nature of the investments with a loss position at October 2, 2016 and July 3, 2016, which are primarily obligations of the U.S. government and its sponsored enterprises, municipal bonds and U.S. corporate notes.  In evaluating the investments, the Company considered the duration of the impairments, and the amount of the impairments relative to the underlying portfolio and concluded that such amounts were not other-than-temporary. The Company principally holds securities until maturity, however, they may be sold under certain circumstances.  Unrealized losses on the investments greater than twelve months old were not significant as of October 2, 2016 and July 3, 2016.



The estimated fair value of debt investments in marketable securities, by effective maturity date is as follows:







 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

October 2,

 

July 3,

 

In thousands

 

2016

 

2016

 

Due in one year or less

 

$

 1,094,180 

 

$

 943,323 

 

Due after one year through three years

 

 

 209,831 

 

 

 241,270 

 

Total marketable securities

 

$

 1,304,011 

 

$

 1,184,593