Cash, Cash Equivalents and Short Term Investments (Notes)

6 Months Ended

Dec. 29, 2012

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

Cash, Cash Equivalents, and Short-term Investments

Cash, Cash Equivalents, and Short-Term Investments

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Short-term investments typically consist of marketable securities and money market investments with maturities between three and twelve months. Investments are classified as held-to-maturity, trading, or available-for-sale at the time of purchase. At December 29, 2012 and June 30, 2012, the Company had $6.9 million and $8.7 million, respectively, in cash and cash equivalents.

Realized gains or losses, interest, and dividends are included in interest income.