Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2013

Investments All Other Investments [Abstract]

Financial Instruments

Financial assets and liabilities measured at fair value on a recurring basis consisted of the following types of instruments as of June 30, 2013 and July 1, 2012:

	Fair Value as of June 30, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
			(In thousands)
Assets:
Money market funds	$	8,798	$	8,798	$	—	$	—
Short-term investments:
Corporate debt securities and certificates of deposits		35,034		—		35,034		—
Government sponsored enterprise debt securities		8,246		—		8,246		—
Mutual funds		2,851		2,851		—		—
Total short-term investments		46,131		2,851		43,280		—
Total financial assets	$	54,929	$	11,649	$	43,280	$	—
Liabilities:
Contingent consideration	$	650	$	—	$	—	$	650
Total financial liabilities	$	650	$	—	$	—	$	650

	Fair Value as of July 1, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
			(In thousands)
Assets:
Money market funds	$	8,650	$	8,650	$	—	$	—
Short-term investments:
Corporate debt securities		23,703		—		23,703		—
Government sponsored enterprise debt securities		12,515		—		12,515		—
Mutual funds		3,062		3,062		—		—
Total short-term investments		39,280		3,062		36,218		—
Total financial assets	$	47,930	$	11,712	$	36,218	$	—
Liabilities:
Contingent consideration	$	540	$	—	$	—	$	540
Total financial liabilities	$	540	$	—	$	—	$	540

Available-for-Sale and Trading Securities

The following table summarizes available-for-sale and trading securities recorded as cash and cash equivalents or short-term investments:

	Amortized Cost Basis		Gross Unrealized Gains (Losses)			Fair Value
	(In thousands)
June 30, 2013
Money market funds	$	8,798	$	—		$	8,798
Corporate debt securities and certificates of deposits		35,171		(137	)		35,034
Government sponsored enterprise debt securities		8,263		(17	)		8,246
Mutual funds		2,851		—			2,851
Total financial assets	$	55,083	$	(154	)	$	54,929
July 1, 2012
Money market funds	$	8,650	$	—		$	8,650
Corporate debt securities		23,705		(2	)		23,703
Government sponsored enterprise debt securities		12,513		2			12,515
Mutual funds		3,062		—			3,062
Total financial assets	$	47,930	$	—		$	47,930

Summarizes Available-for-Sale and Trading Securities

The following table summarizes the contractual maturities of fixed income securities (Corporate debt securities, certificates of deposits and Government sponsored enterprise debt securities) recorded as short-term investments:

	Amortized Cost		Fair Value
	(In thousands)
Less than 1 year	$	8,325	$	8,325
Due in 1 to 3 years		35,109		34,955
Total	$	43,434	$	43,280

Reconciles Beginning and Ending Balances for Level 3 Liabilities

The following table reconciles the beginning and ending balances for Level 3 liabilities for fiscal 2013 (in thousands):

	Contingent consideration
Balance as of July 1, 2012	$	540
Add: Adjustment to present value of contingent consideration		110
Balance as of June 30, 2013	$	650

Schedule of Contingent Consideration Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs

The following table presents certain information about the significant unobservable inputs used in the fair value measurement for the contingent consideration measured at fair value on a recurring basis using significant unobservable inputs:

Description	Valuation Techniques	Significant Unobservable Inputs
Liabilities: Contingent consideration	Present value of a Probability Weighted earn-out model using an appropriate discount rate.	Estimate of future revenue associated with acquired technology. Revenue of $4.9 million over a range of 3.5 years to 4 years.