Available-for-sale investments at July 2, 2016 were as follows:



(In thousands)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

Cash equivalents:
Money market funds	$	91,664	$	—	$	—		$	91,664
Time deposits	18,638		—		—			18,638
Total cash equivalents	110,302		—		—			110,302

Short-term investments:
Time deposits	41,191		—		—			41,191
Commercial paper	16,600		1		(5		)	16,596
Government and corporate bonds	194,504		70		(52		)	194,522
Total short-term investments	252,295		71		(57		)	252,309

Long-term investments:
Government and corporate bonds	72,294		107		—			72,401

Total available-for-sale investments	$	434,891	$	178	$	(57	)	$	435,012

Available-for-sale investments at January 2, 2016 were as follows:



(In thousands)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

Cash equivalents:
Money market funds	$	126,752	$	—	$	—		$	126,752
Time deposits	5,677		—		—			5,677
Government and corporate bonds	73		—		—			73
Total cash equivalents	132,502		—		—			132,502

Short-term investments:
Time deposits	30,989		—		—			30,989
Commercial paper	1,500		—		(2		)	1,498
Government and corporate bonds	78,655		20		(103		)	78,572
Total short-term investments	111,144		20		(105		)	111,059

Long-term investments:
Government and corporate bonds	156,527		14		(569		)	155,972

Total available-for-sale investments	$	400,173	$	34	$	(674	)	$	399,533