Investments (Tables)
|
3 Months Ended |
Sep. 27, 2015 |
|---|
| Investments, Debt and Equity Securities [Abstract] |
|
| Summary of Short-term Investments by Type |
The following tables summarize short-term investments (in thousands): | | | | | | | | | | | | | | | | | | | | September 27, 2015 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | Municipal bonds | |
| $192,470 |
| |
| $1,650 |
| |
| ($91 | ) | |
| $194,029 |
| Corporate bonds | | 158,116 |
| | 1,174 |
| | (130 | ) | | 159,160 |
| Non-U.S. certificates of deposit | | 195,524 |
| | — |
| | — |
| | 195,524 |
| Total short-term investments | |
| $546,110 |
| |
| $2,824 |
| |
| ($221 | ) | |
| $548,713 |
| | | | | | | | | | | | June 28, 2015 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | Municipal bonds | |
| $194,123 |
| |
| $988 |
| |
| ($341 | ) | |
| $194,770 |
| Corporate bonds | | 152,831 |
| | 832 |
| | (158 | ) | | 153,505 |
| Non-U.S. certificates of deposit | | 225,206 |
| | — |
| | — |
| | 225,206 |
| Total short-term investments | |
| $572,160 |
| |
| $1,820 |
| |
| ($499 | ) | |
| $573,481 |
|
|
| Summary of Gross Unrealized Losses and Estimated Fair Value of Short-term Investments, Aggregated by Investment Type and Length of Time |
The following tables present the gross unrealized losses and estimated fair value of the Company's short-term investments, aggregated by investment type and the length of time that individual securities have been in a continuous unrealized loss position (in thousands, except numbers of securities): | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 27, 2015 | | | Less than 12 Months | | Greater than 12 Months | | Total | | | Fair Value | | Unrealized Loss | | Fair Value | | Unrealized Loss | | Fair Value | | Unrealized Loss | Municipal bonds | |
| $25,072 |
| |
| ($91 | ) | |
| $— |
| |
| $— |
| |
| $25,072 |
| |
| ($91 | ) | Corporate bonds | | 47,248 |
| | (117 | ) | | 1,795 |
| | (13 | ) | | 49,043 |
| | (130 | ) | Total | |
| $72,320 |
| |
| ($208 | ) | |
| $1,795 |
| |
| ($13 | ) | |
| $74,115 |
| |
| ($221 | ) | Number of securities with an unrealized loss | | | | 36 |
| | | | 1 |
| | | | 37 |
| | | | | | | | | | | | | | | | June 28, 2015 | | | Less than 12 Months | | Greater than 12 Months | | Total | | | Fair Value | | Unrealized Loss | | Fair Value | | Unrealized Loss | | Fair Value | | Unrealized Loss | Municipal bonds | |
| $53,204 |
| |
| ($341 | ) | |
| $— |
| |
| $— |
| |
| $53,204 |
| |
| ($341 | ) | Corporate bonds | | 46,636 |
| | (143 | ) | | 1,812 |
| | (15 | ) | | 48,448 |
| | (158 | ) | Total | |
| $99,840 |
| |
| ($484 | ) | |
| $1,812 |
| |
| ($15 | ) | |
| $101,652 |
| |
| ($499 | ) | Number of securities with an unrealized loss | | | | 54 |
| | | | 1 |
| | | | 55 |
|
|
| Contractual Maturities of Short-term Investments by Type |
The contractual maturities of short-term investments as of September 27, 2015 were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | Within One Year | | After One, Within Five Years | | After Five, Within Ten Years | | After Ten Years | | Total | Municipal bonds |
| $12,772 |
| |
| $146,232 |
| |
| $35,025 |
| |
| $— |
| |
| $194,029 |
| Corporate bonds | 33,732 |
| | 92,471 |
| | 32,957 |
| | — |
| | 159,160 |
| Non-U.S. certificates of deposit | 195,524 |
| | — |
| | — |
| | — |
| | 195,524 |
| Total short-term investments |
| $242,028 |
| |
| $238,703 |
| |
| $67,982 |
| |
| $— |
| |
| $548,713 |
|
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