Investment in APM and Related Party

12 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

Investment in APM and Related Party Transactions

Investment in APM and Related Party Transactions

On December 3, 2010, the Company acquired all of the issued and outstanding shares of APM which became a wholly-owned subsidiary of the Company. Prior to the APM acquisition, the Company held a 40.3% equity interest, in October 2010 the Company made an additional equity investment of $1,831,000 and increased its equity interest in APM to 43.0%. The equity interest in APM was accounted for using the equity method of accounting.

The following table summarizes the Company's investment in APM prior to the APM Acquisition:

	June 30,
	2011			2010
	(in thousands)
Beginning balance	$	26,069		$	19,523
Income on equity investment in APM	1,768			6,546
Additional investment in APM	1,831			—
Acquisition of APM	(29,668		)	—
Ending balance	$	—		$	26,069

The following tables summarize the financial information of APM for the year ended June 30, 2010:

	Year Ended June 30,
	2010
	(in thousands)
Revenue	$	94,921
Cost of goods sold	(79,810		)
Operating expense	(3,828		)
Other income, net	294
Income tax benefit	4,190
Net income	$	15,767

Purchase of Services and Used Equipment

Prior to the APM acquisition, the Company was a major customer of APM and purchased semiconductor packaging and testing services from APM during its ordinary course of business. During fiscal year 2010, the Company also purchased certain used equipment from APM.

The activities of the accounts payable to APM are as follows:

	June 30,
	2011			2010
	(in thousands)
Beginning balance	$	10,100		$	9,281
Purchase of semiconductor packaging and testing services from APM	29,186			79,729
Purchase of used equipment from APM	—			604
Payments made to APM	(27,909		)	(79,514		)
Acquisition of APM	(11,377		)	—
Ending balance	$	—		$	10,100

The carrying amounts of payables to APM approximated their fair values due to their short maturity term.