Concentrations of Risk

12 Months Ended

Jun. 28, 2015

Risks and Uncertainties [Abstract]

Concentrations of Risk

Concentrations of Risk

Financial instruments, which may subject the Company to a concentration of risk, consist principally of short-term investments, cash equivalents, and accounts receivable. Short-term investments consist primarily of municipal bonds, corporate bonds, U.S. agency securities, non-U.S. certificates of deposit and non-U.S. government securities at interest rates that vary by security. The Company’s cash equivalents consist primarily of money market funds. Certain bank deposits may at times be in excess of the FDIC insurance limits.

The Company sells its products on account to manufacturers, distributors, retailers and others worldwide and generally requires no collateral.

Revenue from certain customers represented more than 10% of consolidated revenue. Revenue from Arrow Electronics, Inc. represented 12%, 13% and 16% of revenue for fiscal 2015, 2014, and 2013, respectively. Revenue from The Home Depot, Inc. represented 11% of revenue in both fiscal 2015 and 2014.

No customers individually accounted for more than 10% of the consolidated accounts receivable balance at June 28, 2015 and June 29, 2014.

Arrow Electronics, Inc. is a customer of the LED Products and Power and RF Products segments. The Home Depot, Inc. is a customer of the Lighting Products segment.