Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 29, 2014

Business, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Interest (Income) Expense, Net

Interest (income) expense, net, was comprised of the following (in thousands):

	Fiscal Year Ended
	June 29, 2014			June 30, 2013			June 24, 2012
Interest income	$	(427	)	$	(405	)	$	(842	)
Interest expense	451			462			509
Interest expense (income), net	$	24		$	57		$	(333	)

Financial Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis

The financial assets and liabilities which are measured and recorded at fair value on a recurring basis are included within the following items on the Company’s consolidated balance sheet as of June 29, 2014 and June 30, 2013 (in thousands):

	As of June 29, 2014
Assets and Liabilities:	Total			Level 1			Level 2		Level 3
Short-term investments	$	20,114		$	20,114		$	—	$	—
Prepaid expenses and other current assets	19			—			19		—
Other assets	20,461			19,010			—		1,451
Other long-term liabilities	(9,844		)	(9,844		)	—		—
Total	$	30,750		$	29,280		$	19	$	1,451

	As of June 30, 2013
Assets and Liabilities:	Total			Level 1			Level 2		Level 3
Short-term investments	11,056			6,004			5,052		—
Prepaid expenses and other current assets	19			—			19		—
Other assets	29,725			26,837			—		2,888
Other long-term liabilities	(8,326		)	(8,326		)	—		—
Total	$	32,474		$	24,515		$	5,071	$	2,888

Reconciliation of the Beginning and Ending Balance of Items Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs

The following tables provide a reconciliation of the beginning and ending balance of items measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the fiscal year ended June 29, 2014, and June 30, 2013 (in thousands):

	Level 3
	Assets
	Derivatives
Beginning balance at June 30, 2013	$	2,888
Total losses (realized or unrealized) included in other expense, net	(1,437		)
Ending balance at June 29, 2014	$	1,451

	Level 3
	Assets
	Derivatives
Beginning balance at June 24, 2012	$	2,834
Total gains (realized or unrealized) included in other expense, net	54
Ending balance at June 30, 2013	$	2,888

Cash, Restricted Cash, Cash Equivalents and Investments

Cash, restricted cash, cash equivalents and investments as of June 29, 2014 and June 30, 2013 are summarized as follows (in thousands):

	June 29, 2014		June 30, 2013
Cash and cash equivalents	$	588,922	$	443,490
Short-term investments	20,114		11,056
Restricted cash	1,374		1,349
Total cash, restricted cash, cash equivalents and investments	$	610,410	$	455,895

Inventories

Inventories as of June 29, 2014 and June 30, 2013 were comprised of the following (in thousands):

	June 29, 2014		June 30, 2013
Raw materials	$	47,997	$	58,471
Work-in-process	103,034		97,158
Finished goods	78,980		76,686
Total inventories	$	230,011	$	232,315

Property, Plant and Equipment

Property, plant and equipment as of June 29, 2014 and June 30, 2013 were comprised of the following (in thousands):

	June 29, 2014			June 30, 2013			Range of Useful Life
Building and improvements	$	178,683		$	167,746		3 ‑ 40
Equipment	1,181,738			1,123,457			3 ‑ 15
Less: accumulated depreciation and amortization	(1,021,912		)	(946,023		)
	338,509			345,180
Land	14,840			14,435
Construction-in-progress	38,416			63,723
Total property, plant and equipment	$	391,765		$	423,338

Acquisition-Related Intangible Assets

As of June 29, 2014 and June 30, 2013, acquisition‑related intangible assets included the following (in thousands):

		June 29, 2014
	Amortization Periods (Years)	Gross Carrying Amount		Accumulated Amortization			Net
Completed technology	4 - 12	$	52,045	$	(43,771	)	$	8,274
Customer lists	5 - 12	10,430		(8,163		)	2,267
Intellectual property and other	2 - 15	16,763		(11,801		)	4,962
Total acquisition‑related intangible assets		$	79,238	$	(63,735	)	$	15,503

		June 30, 2013
	Amortization Periods (Years)	Gross Carrying Amount		Accumulated Amortization			Net
Completed technology	4 - 12	$	52,045	$	(39,163	)	$	12,882
Customer lists	5 - 12	10,430		(7,313		)	3,117
Intellectual property and other	2 - 15	16,763		(10,839		)	5,924
Total acquisition‑related intangible assets		$	79,238	$	(57,315	)	$	21,923

Estimated Amortization Expense

Based on identified intangible assets that are subject to amortization as of June 29, 2014, the Company expects future amortization expense for each period to be as follows (in thousands):

			Fiscal Year
	Total		2015		2016		2017		2018		2019		2020 and thereafter
Estimated Amortization Expense	$	15,503	$	6,220	$	4,681	$	1,463	$	897	$	897	$	1,345

Goodwill

The carrying amount of goodwill by reportable segment as of June 29, 2014 and June 30, 2013 was as follows (in thousands):

Business Segments:	June 29, 2014		June 30, 2013
Energy Saving Products	$	33,190	$	33,190
HiRel	18,959		18,959
Total goodwill	$	52,149	$	52,149

Income tax deductions related to goodwill were $3.0 million for each of the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012.

Changes in Warranty Reserve

The following table details the changes in the Company’s warranty reserve for the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012, which is included in other accrued expenses as detailed in Note 6 (in thousands):

Accrued warranty, June 26, 2011	$	3,457
Accruals for warranties issued during the year	3,722
Changes in estimates related to pre-existing warranties	(1,135		)
Warranty claim settlements	(3,854		)
Accrued warranty, June 24, 2012	2,190
Accruals for warranties issued during the year	2,019
Changes in estimates related to pre-existing warranties	144
Warranty claim settlements	(2,361		)
Accrued warranty, June 30, 2013	1,992
Accruals for warranties issued during the year	2,495
Changes in estimates related to pre-existing warranties	(184		)
Warranty claim settlements	(2,685		)
Accrued warranty, June 29, 2014	$	1,618