Income Taxes (Tables)

12 Months Ended

Jun. 29, 2014

Income Tax Disclosure [Abstract]

Domestic and Foreign Income (Loss) From Continuing Operations Before Income Taxes

Income (loss) before income taxes is as follows (in thousands):

	Fiscal Year Ended
	June 29, 2014		June 30, 2013			June 24, 2012
Domestic	$	32,255	$	(105,575	)	$	(88,430	)
Foreign	38,731		28,745			16,623
Total income (loss) before income taxes	$	70,986	$	(76,830	)	$	(71,807	)

(Benefit From) Provision For Income Taxes From Continuing Operations

The provision for (benefit from) income taxes is as follows (in thousands):

	Fiscal Year Ended
	June 29, 2014			June 30, 2013			June 24, 2012
Current income taxes:
Domestic	$	5,118		$	1,735		$	5,971
Foreign	(203		)	(1,129		)	2,455
	$	4,915		$	606		$	8,426
Deferred income taxes:
Domestic	$	1,150		$	352		$	5,728
Foreign	6,188			11,032			(30,911		)
	7,338			11,384			(25,183		)
Total provision (benefit)	$	12,253		$	11,990		$	(16,757	)

Effective Tax Rate Reconciliation On Pretax Income (Loss) From Continuing Operations

The Company’s effective tax rate on pretax income (loss) differs from the U.S. federal statutory tax rate as follows:

	Fiscal Year Ended
	June 29, 2014		June 30, 2013		June 24, 2012
Statutory tax rate	35.0	%	(35.0	)%	(35.0	)%
State taxes, net of federal benefit	0.4		(0.1	)	14.6
Change in valuation allowance	(25.5	)	58.2		(38.9	)
Multijurisdictional taxation *	4.6		(8.4	)	(1.5	)
Actual and deemed foreign dividends	7.2		2.7		3.7
Foreign tax credit	(5.2	)	(4.8	)	(7.0	)
Research and development credit	1.4		(8.0	)	(2.6	)
Uncertain tax positions	(12.6	)	(6.6	)	3.7
Tax rate changes	6.1		9.7		0.7
Withholding tax	3.7		4.3		6.7
Stock based compensation	0.9		2.4		2.5
Goodwill impairment	—		—		30.1
Other, net	1.3		1.2		(0.3	)
Effective tax rate (benefit)	17.3	%	15.6	%	(23.3	)%

Major Components of Net Deferred Tax Assets (Liabilities)

The major components of the net deferred tax assets (liabilities) as of June 29, 2014 and June 30, 2013 were as follows (in thousands):

	June 29, 2014			June 30, 2013
Deferred tax assets:
Accrued expenses	$	13,857		$	13,514
Accrued compensation	17,187			18,011
Property, plant and equipment	5,104			8,499
Losses carryforward	76,045			108,921
Research and experimental credits	50,385			51,015
Other tax credits	40,719			36,745
Other	740			636
Total deferred tax assets	204,037			237,341
Valuation allowance	(167,428		)	(204,233		)
Deferred tax liabilities:
Unrealized gain on securities	(7,122		)	(2,992		)
Prepaid expenses	(899		)	(1,347		)
Undistributed foreign earnings	(3,425		)	—
Total deferred tax liabilities	(11,446		)	(4,339		)
Net deferred tax assets	$	25,163		$	28,769

Reconciliation of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits from June 24, 2012 to June 29, 2014 is as follows (in thousands):

Beginning balances at June 24, 2012	$	48,876
Increases for positions taken in current year	2,262
Increases for positions taken in a prior year	2,395
Decreases for positions taken in a current year	—
Decreases for positions taken in a prior year	(3,953		)
Decreases for settlements with taxing authorities	—
Decreases for lapses in the applicable statute of limitation	(4,895		)
Unrecognized tax benefits at June 30, 2013	44,685
Increases for positions taken in current year	1,760
Increases for positions taken in a prior year	4,069
Decreases for positions taken in a current year	(212		)
Decreases for positions taken in a prior year	(1,532		)
Decreases for settlements with taxing authorities	(552		)
Decreases for lapses in the applicable statute of limitation	(6,479		)
Unrecognized tax benefits at June 29, 2014	$	41,739