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Fair Value of Financial Instruments (Tables)
9 Months Ended
Mar. 25, 2012
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value
The following table sets forth financial instruments carried at fair value within the U.S. GAAP hierarchy and using the lowest level of input (in thousands):
 
 
March 25, 2012
 
June 26, 2011
 
 Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposit
$

 
$
30,000

 
$

 
$
30,000

 
$

 
$

 
$

 
$

Money market funds
14,620

 

 

 
14,620

 
7,386

 

 

 
7,386

Total cash equivalents
14,620

 
30,000

 

 
44,620

 
7,386

 

 

 
7,386

Short-term investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Municipal bonds

 
204,442

 

 
204,442

 

 
395,398

 

 
395,398

Corporate bonds

 
181,717

 

 
181,717

 

 
209,438

 

 
209,438

Municipal variable rate demand notes

 

 

 

 

 
295

 

 
295

Certificates of deposit

 
65,000

 

 
65,000

 

 
10,015

 

 
10,015

Commercial paper

 

 

 

 

 
4,999

 

 
4,999

U.S. agency securities

 
64,767

 

 
64,767

 

 
68,049

 

 
68,049

Non-U.S. government securities

 
3,111

 

 
3,111

 

 
7,005

 

 
7,005

Total short-term investments

 
519,037

 

 
519,037

 

 
695,199

 

 
695,199

Total assets
$
14,620

 
$
549,037

 
$

 
$
563,657

 
$
7,386

 
$
695,199

 
$

 
$
702,585