Subsequent Events

6 Months Ended

Jul. 02, 2011

Subsequent Event [Line Items]

Subsequent Events [Text Block]

Subsequent event:

On July 15, 2011, the Company completed the purchase of APAC IC Layout Consultants, Inc. ("APAC IC"), a Manila, Philippines based company engaged in engineering layout and design services, for approximately $1.0 million, which includes all assets and liabilities of the entity. The Company will allocate the purchase price of the acquisition under the guidance of ASC 820, "Business Combinations". Based on the Company's preliminary analysis, the purchase price will primarily be allocated to Goodwill. The acquisition of APAC IC is part of the Company's effort to improve its research and development and operations activities, reduce costs and streamline its supply chain for improved predictability and flexibility.

On July 26, 2011, Commonwealth Global Research Group, LLC (“Commonwealth”) filed a patent infringement action against the Company and twelve other semiconductor companies in the U.S. District Court for the District of Delaware, seeking unspecified damages. At this stage of the proceedings, we do not have an estimate of the likelihood or amount of any potential exposure to us.