v3.25.0.1
SHORT-TERM INVESTMENTS
6 Months Ended
Dec. 29, 2024
Investments Disclosure [Abstract]  
SHORT-TERM INVESTMENTS

During the second quarter of fiscal 2025, the Company sold certain investment securities prior to maturity to repay outstanding amounts under the revolving credit facility (see Note 9) and, as a result, reclassified its held-to-maturity securities to available-for-sale securities. The Company determined the amortized cost of available-for-sale securities as of December 29, 2024 approximate their fair value because of the short-term nature of the investments.

The amortized cost, unrealized gains and losses, and fair value of available-for-sale securities at December 29, 2024 and June 30, 2024 are summarized in the following tables.

 

 

December 29, 2024

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

28,548

 

 

$

29

 

 

$

—

 

 

$

28,577

 

Total available-for-sale securities

 

$

28,548

 

 

$

29

 

 

$

—

 

 

$

28,577

 

 

 

 

June 30, 2024

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Held-to-maturity securities:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

78,846

 

 

$

2

 

 

$

(82

)

 

$

78,766

 

Total held-to-maturity securities

 

$

78,846

 

 

$

2

 

 

$

(82

)

 

$

78,766