XML 69 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
3 Months Ended 9 Months Ended
Mar. 24, 2013
Mar. 24, 2013
Business, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]    
Financial Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis
The financial assets and liabilities which are measured and recorded at fair value on a recurring basis are included within the following items on the Company's consolidated balance sheet as of March 24, 2013 and June 24, 2012 (in thousands):
 
 
As of March 24, 2013
 
Assets and Liabilities:
 
Total
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
Short-term investments  
 
$
15,058
 
 
$
6,005
 
 
$
9,053
 
 
$
 
Prepaid expenses and other receivables  
 
 
432
 
 
 
 
 
 
432
 
 
 
 
Other assets  
 
 
27,927
 
 
 
24,982
 
 
 
 
 
 
2,945
 
Other long-term liabilities  
 
 
(8,448
)
 
 
(8,448
)
 
 
 
 
 
 
Total  
 
$
34,969
 
 
$
22,539
 
 
$
9,485
 
 
$
2,945
 
Fair value as a percentage of total  
 
 
100.0
%
 
 
64.5
%
 
 
27.1
%
 
 
8.4
%
Level 3 as a percentage of total assets  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0.2
%

 
 
As of June 24, 2012
 
Assets and Liabilities:
 
Total
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
Cash and cash equivalents  
 
$
9,997
 
 
$
 
 
$
9,997
 
 
$
 
Short-term investments  
 
 
63,872
 
 
 
33,058
 
 
 
30,814
 
 
 
 
Prepaid expenses and other receivables  
 
 
622
 
 
 
 
 
 
622
 
 
 
 
Long-term investments  
 
 
15,054
 
 
 
10,001
 
 
 
5,053
 
 
 
 
Other assets  
 
 
27,358
 
 
 
24,439
 
 
 
85
 
 
 
2,834
 
Other long-term liabilities  
 
 
(8,139
)
 
 
(8,139
)
 
 
 
 
 
 
Total  
 
$
108,764
 
 
$
59,359
 
 
$
46,571
 
 
$
2,834
 
Fair value as a percentage of total  
 
 
100.0
%
 
 
54.6
%
 
 
42.8
%
 
 
2.6
%
Level 3 as a percentage of total assets  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0.2
%
 
Reconciliation of the Beginning and Ending Balance of Items Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs
The following tables provide a reconciliation of the beginning and ending balance of items measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 24, 2013 and March 25, 2012 (in thousands):

 
 
Level 3
 
 
 
Assets
 
 
 
Derivatives
 
Beginning balance at December 23, 2012
 
$
3,036
 
Total losses (realized or unrealized):
 
 
 
 
    Included in other expense  
 
 
(91
)
Ending balance at March 24, 2013  
 
$
2,945
 


 
 
Level 3
 
 
 
Liabilities
 
 
Assets
 
 
 
Contingent Consideration
 
 
Derivatives
 
 
Investments
 
 
Total
 
Beginning balance at December 25, 2011
 
$
400
 
 
$
3,028
 
 
$
266
 
 
$
3,294
 
Total losses (realized or unrealized):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Included in other expense  
 
 
 
 
 
(232
)
 
 
(14
)
 
 
(246
)
Purchases, maturities, and sales:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Maturities/prepayments
 
 
 
 
 
 
 
 
(31
)
 
 
(31
)
   Sales  
 
 
 
 
 
 
 
 
(221
)
 
 
(221
)
Ending balance at March 25, 2012  
 
$
400
 
 
$
2,796
 
 
$
 
 
$
2,796
 

The following tables provide a reconciliation of the beginning and ending balance of items measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended March 24, 2013 and March 25, 2012 (in thousands):
 
 
Level 3
 
 
 
Assets
 
 
 
Derivatives
 
Beginning balance at June 24, 2012  
 
$
2,834
 
Total gains (realized or unrealized):
 
 
 
 
    Included in other expense  
 
 
111
 
Ending balance at March 24, 2013  
 
$
2,945
 

 
 
Level 3
 
 
 
Liabilities
 
 
Assets
 
 
 
Contingent Consideration
 
 
Derivatives
 
 
Investments
 
 
Total
 
Beginning balance at June 26, 2011  
 
$
400
 
 
$
2,773
 
 
$
781
 
 
$
3,554
 
Total gains or (losses) (realized or unrealized):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Included in other expense  
 
 
 
 
 
23
 
 
 
18
 
 
 
41
 
    Included in unrealized holding losses on available-for-sale securities in other comprehensive income
 
 
 
 
 
 
 
 
(190
)
 
 
(190
)
Purchases, maturities, and sales:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Maturities/prepayments  
 
 
 
 
 
 
 
 
(78
)
 
 
(78
)
   Sales
 
 
 
 
 
 
 
 
(531
)
 
 
(531
)
Ending balance at March 25, 2012  
 
$
400
 
 
$
2,796
 
 
$
 
 
$
2,796