XML 117 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Schedule of Useful Lives of Property Plant and Equipment

estimated useful lives of the assets except for land as follows:

 

Buildings and improvements    15 - 39 years
Leasehold improvements    5 - 15 years, or life of lease, if shorter
Machinery, equipment and computer software    3 - 7 years
Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss, consists of the following:

 

     June 30, 2013     July 1, 2012     July 3, 2011  
     (in thousands)  

Foreign currency translation adjustments, net of taxes

   $ (187   $ (239   $ (40

Unrealized gain (loss) on short-term investments, net of taxes

     (89     7        11   
  

 

 

   

 

 

   

 

 

 

Total accumulated other comprehensive loss

   $ (276   $ (232   $ (29
  

 

 

   

 

 

   

 

 

 
Schedule of Change in Accrued Warranty Expense

The change in accrued warranty expense is summarized as follows:

 

     Year ended  
     June 30, 2013     July 1, 2012     July 3, 2011  
     (In thousands)  

Beginning balance

   $ 1,722      $ 1,601      $ 2,900   

Provision for warranty for the year

     2,733        2,549        1,617   

Accruals related to changes in estimate

     (352     286        (520

Less: Actual warranty costs

     (2,553     (2,714     (2,396
  

 

 

   

 

 

   

 

 

 

Ending balance

   $ 1,550      $ 1,722      $ 1,601   
  

 

 

   

 

 

   

 

 

 
Schedule of Denominator Used in Calculation of Basic and Diluted Net Earnings (Loss) per Share

A reconciliation of the denominator used in the calculation of basic and diluted net earnings (loss) per share is as follows:

 

     Year ended  
     June 30,
2013
    July 1,
2012
    July 3,
2011
 
     (In thousands, except per share amounts)  

Numerator:

      

Income (loss) from continuing operations

   $ (2,705   $ 11,355      $ 1,169   

Income from discontinued operations

     —          —          254   
  

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (2,705   $ 11,355      $ 1,423   
  

 

 

   

 

 

   

 

 

 

Shares (Denominator):

      

Weighted average common shares outstanding

     40,802        42,224        43,368   

Weighted average common shares outstanding subject to repurchase

     (293     (243     (180
  

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding—basic

     40,509        41,981        43,188   

Weighted average dilutive share equivalents from stock options

     —          583        530   

Weighted average dilutive common shares subject to repurchase

     —          133        64   
  

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding—diluted

     40,509        42,697        43,782   
  

 

 

   

 

 

   

 

 

 

Earnings per share—basic:

      

Income (loss) from continuing operations

   $ (0.07   $ 0.27      $ 0.03   

Income from discontinued operations

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (0.07   $ 0.27      $ 0.03   
  

 

 

   

 

 

   

 

 

 

Earnings per share—diluted:

      

Income (loss) from continuing operations

   $ (0.07   $ 0.27      $ 0.03   

Income from discontinued operations

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (0.07   $ 0.27      $ 0.03   
  

 

 

   

 

 

   

 

 

 
Schedule of Common Stock Equivalents Excluded from Diluted Earnings per Share Calculation

The following common stock equivalents were excluded from the diluted earnings per share calculation, as their effect would have been antidilutive:

 

     Year ended  
     June 30,
2013
     July 1,
2012
     July 3,
2011
 
     (In thousands)  

Stock options

     8,086         4,155         2,777   
  

 

 

    

 

 

    

 

 

 

Total shares of common stock excluded from diluted net earnings per share calculation

     8,086         4,155         2,777