BUSINESS COMBINATIONS

6 Months Ended

Dec. 25, 2016

Business Combinations [Abstract]

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS

On October 20, 2015, the Company entered into an Agreement and Plan of Merger and Reorganization with KLA-Tencor Corporation (“KLA-Tencor” ). On October 5, 2016, the Company and KLA-Tencor announced that they had mutually agreed to terminate their previously announced Agreement and Plan of Merger and Reorganization. No termination fee is payable by either the Company or KLA-Tencor.

During the six months ended December 25, 2016 the Company expensed acquisition-related costs as incurred of $9.8 million, within selling, general, and administrative expense in the Condensed Consolidated Statement of Operations. Acquisition-related costs incurred in the three months ended December 25, 2016 were not material.