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Fair Value of Financial Instruments (Tables)
6 Months Ended
Dec. 25, 2011
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value
The following table sets forth financial instruments carried at fair value within the U.S. GAAP hierarchy and using the lowest level of input (in thousands):
 
 
December 25, 2011
 
June 26, 2011
 
 Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market funds
$
5,711

 
$

 
$

 
$
5,711

 
$
7,386

 
$

 
$

 
$
7,386

Total cash equivalents
5,711

 

 

 
5,711

 
7,386

 

 

 
7,386

Short-term investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Municipal bonds

 
199,341

 

 
199,341

 

 
395,398

 

 
395,398

Corporate bonds

 
169,492

 

 
169,492

 

 
209,438

 

 
209,438

Municipal variable rate demand notes

 
2,795

 

 
2,795

 

 
295

 

 
295

Certificates of deposit

 
68,004

 

 
68,004

 

 
10,015

 

 
10,015

Commercial paper

 
2,149

 

 
2,149

 

 
4,999

 

 
4,999

U.S. agency securities

 
72,803

 

 
72,803

 

 
68,049

 

 
68,049

Non-U.S. government securities

 
1,011

 

 
1,011

 

 
7,005

 

 
7,005

Total short-term investments

 
515,595

 

 
515,595

 

 
695,199

 

 
695,199

Total assets
$
5,711

 
$
515,595

 
$

 
$
521,306

 
$
7,386

 
$
695,199

 
$

 
$
702,585