Income Taxes (Tables)

12 Months Ended

Jun. 26, 2011

Jun. 27, 2010

Income Taxes

Components of Income from Continuing Operations Before Income Taxes

	Fiscal Years Ended
	June 26, 2011		June 27, 2010		June 28, 2009
Domestic	$	110,959	$	153,848	$	811
Foreign		67,268		51,624		38,856
Total	$	178,227	$	205,472	$	39,667

Components of Income Tax Expense from Continuing Operations

	Fiscal Years Ended
	June 26, 2011			June 27, 2010			June 28, 2009
Current:
Federal	$	31,503		$	45,005		$	12,363
Foreign		13,796			12,963			6,605
State		2,736			6,260			811
Total Current		48,035			64,228			19,779
Deferred:
Federal		(5,008	)		(8,180	)		(6,831	)
Foreign		(10,825	)		(2,837	)		(3,209	)
State		(475	)		(29	)		(722	)
Total Deferred		(16,308	)		(11,046	)		(10,762	)
Income tax expense	$	31,727		$	53,182		$	9,017

Schedule of Effective Income Tax Rate and Amount Reconciliation

	Fiscal Years Ended
	June 26, 2011			% of Income			June 27, 2010			% of Income			June 28, 2009			% of Income
Federal income tax provision at statutory rate	$	62,378			35	%	$	71,916			35	%	$	13,883			35	%
Increase (decrease) in income tax expense resulting from:
State tax provision, net of federal benefit		2,169			1	%		4,135			2	%		88			0	%
Tax exempt interest		(1,646	)	–	1	%		(1,089	)	–	1	%		(669	)	–	2	%
Exam settlements		—			0	%		1,645			1	%		494			1	%
48C investment tax credit		(4,023	)	–	2	%		(1,401	)	–	1	%		—			0	%
Increase (decrease) in tax reserve		(2,175	)	–	1	%		(3,462	)	–	2	%		4,720			12	%
Research and development credits		(3,619	)	–	2	%		(1,092	)	–	1	%		(580	)	–	1	%
Qualified production activities deduction		(2,714	)	–	1	%		(3,945	)	–	2	%		(560	)	–	1	%
Statutory rate differences		(16,117	)	–	9	%		(14,939	)	–	7	%		(8,249	)	–	21	%
Effect of tax rate change		(2,998	)	–	2	%		(707	)		0	%		(202	)	–	1	%
Other		472			0	%		2,121			1	%		92			0	%
Income tax expense	$	31,727			18	%	$	53,182			26	%	$	9,017			23	%

Schedule of Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Liabilities

	June 26, 2011			June 27, 2010
Deferred tax assets:
Compensation	$	1,494		$	5,067
Inventory		10,132			3,204
Sales return reserve and allowance for bad debts		4,160			8,151
Federal and state net operating loss carryforwards		1,010			532
State credits		3,688			480
48C investment tax credits		11,176			—
Investments		970			976
Stock-based compensation		16,731			10,109
Other		2,071			—
Deferred revenue		—			1,921
Total gross deferred assets		51,432			30,440
Less valuation allowance		(1,620	)		(1,437	)
Deferred tax assets, net		49,812			29,003
Deferred tax liabilities:
Property and equipment		(19,590	)		(17,643	)
Intangible assets		(29,952	)		(28,810	)
Available-for-sale securities		(2,629	)		(2,072	)
Prepaid taxes and other		(890	)		(1,053	)
Total gross deferred liability		(53,061	)		(49,578	)
Deferred tax liability, net	$	(3,249	)	$	(20,575	)

Components Giving Rise to Net Deferred Tax Assets (Liabilities) Included in Accompanying Consolidated Balance Sheet

	As of June 26, 2011
	Asset					Liabilities
	Current		Noncurrent			Current		Noncurrent
U.S. federal income taxes	$	10,072	$	—		$	—	$	(21,902	)
Hong Kong and other income taxes		7,785		796	*		—		—
	$	17,857	$	796		$	—	$	(21,902	)

* This amount is included in Other Assets on the Consolidated Balance Sheets.

	As of June 27, 2010
	Asset				Liabilities
	Current		Noncurrent		Current		Noncurrent
U.S. federal income taxes	$	18,258	$	—	$	—	$	(38,058	)
Hong Kong and other income taxes		565		—		—		(1,340	)
	$	18,823	$	—	$	—	$	(39,398	)

Reconciliation of Company's Change in Uncertain Tax Positions

	June 26, 2011			June 27, 2010
Beginning Balance	$	7,602		$	10,878
Increases related to current year tax positions		—			—
Increases related to prior year tax positions		741			72
Decreases related to prior year tax positions		—			—
Expiration of statute of limitations for assessment of taxes		(1,356	)		(427	)
Settlement of tax positions		—			(2,921	)
Ending Balance	$	6,987		$	7,602