Financial assets and liabilities measured at fair value as of June 29, 2013 are summarized below (in thousands):



	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Total Fair Value
	(Level 1)		(Level 2)
Money market fund deposits (1)	$	19,447	$	—		$	19,447
Certificates of deposit (1)(5)	—		19,590			19,590
U.S. government obligations (2)(5)	—		95,040			95,040
Corporate notes and obligations (2)(5)	—		15,338			15,338
Commercial paper (2)(5)	—		9,994			9,994
Foreign currency contracts (3)(6)	—		(640		)	(640		)
Mutual funds — Deferred comp and supplemental plan (4)(7)	13,480		—			13,480

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(1) Included in cash and cash equivalents on the Condensed Consolidated Balance Sheet. The carrying amounts approximate fair value due to the short-term maturities of the cash equivalents.


(2)	Included in short-term investments on the Condensed Consolidated Balance Sheet.


(3)	Includes $170 recorded in prepaid expenses and other assets and $810 recorded in other current liabilities on the Condensed Consolidated Balance Sheet (see Note 5).

(4) Includes $1,876 recorded in prepaid expenses and other assets and $11,604 recorded in other assets on the Condensed Consolidated Balance Sheet.

(5)

Valuations are based upon quoted market prices in active markets involving similar assets. The market inputs used to value these instruments generally consist of market yields, reported trades, broker/dealer quotes or alternative pricing sources with reasonable levels of price transparency. Pricing sources include industry standard data providers, security master files from large financial institutions, and other third party sources which are input into a distribution-curve-based algorithm to determine a daily market value. This creates a “consensus price” or a weighted average price for each security.

(6)

The principal market in which we execute our foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large commercial banks. Our foreign currency contracts’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment.


(7)	The fair value of mutual funds is determined based on quoted market prices. Securities traded on a national exchange are stated at the last reported sales price on the day of valuation; other securities traded in over-the-counter market and listed securities for which no sale was reported on that date are stated as the last quoted bid price.

Financial assets and liabilities measured at fair value as of September 29, 2012 are summarized below (in thousands):



	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Total Fair Value
	(Level 1)		(Level 2)
Money market fund deposits(1)	$	10,340	$	—		$	10,340
Certificates of deposit(2)(7)	—		31,253			31,253
U.S. and international government obligations(3)(7)	—		110,967			110,967
Corporate notes and obligations(4)(7)	—		43,406			43,406
Commercial paper (3)(7)	—		2,000			2,000
Foreign currency contracts(5)(8)	—		(21		)	(21		)
Mutual funds—Deferred comp and supplemental plan(6)(9)	6,400		—			6,400

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(1)	Included in cash and cash equivalents on the Condensed Consolidated Balance Sheet. The carrying amounts approximate fair value due to the short-term maturities of the cash equivalents.


(2)	Includes $29,234 recorded in cash and cash equivalents and $2,019 recorded in short-term investments on the Condensed Consolidated Balance Sheet.


(3)	Included in short-term investments on the Condensed Consolidated Balance Sheet.


(4)	Includes $1,223 recorded in cash and cash equivalents and $42,183 recorded in short-term investments on the Condensed Consolidated Balance Sheet.


(5)	Includes $626 recorded in prepaid expenses and other assets and $645 recorded in other current liabilities on the Condensed Consolidated Balance Sheet.


(6)	Includes $2,891 recorded in prepaid expenses and other assets and $3,509 recorded in other assets on the Condensed Consolidated Balance Sheet.

(7)

(8)


(9)	The fair value of mutual funds is determined based on quoted market prices. Securities traded on a national exchange are stated at the last reported sales price on the day of valuation; other securities traded in over-the-counter market and listed securities for which no sale was reported on that date are stated as the last quoted bid price.