Note 6. Balance Sheet and Other Details

Accounts receivable reserves and allowances

The components of account receivable reserves and allowances were as follows (in millions):

	Years Ended

	June 28, 2014		June 29, 2013
Allowance for doubtful accounts	$	3.0	$	2.1
Allowance for sales returns and other		0.5		0.1


Total accounts receivable reserves and allowances	$	3.5	$	2.2

The activities and balances for allowance for doubtful accounts are as follows (in millions):

	Balance at Beginning of Period		Charged to Costs and Expenses		Deduction(1)			Balance at End of Period

Allowance for doubtful accounts:
Year ended June 28, 2014	$	2.1	$	1.3	$	(0.4	)	$	3.0
Year ended June 29, 2013		2.2		0.3		(0.4	)		2.1
Year ended June 30, 2012		2.3		1.8		(1.9	)		2.2

(1): Write-offs of uncollectible accounts, net of recoveries.

Inventories, net

Inventories, net are stated at the lower of cost or market, and include material, labor, and manufacturing overhead costs. The components of Inventories, net were as follows (in millions):

	Years Ended

	June 28, 2014		June 29, 2013
Finished goods	$	78.4	$	85.7
Work in process		40.1		37.0
Raw materials		34.8		23.1


Inventories, net	$	153.3	$	145.8

Prepayments and other current assets

The components of Prepayments and other current assets were as follows (in millions):

	Years Ended

	June 28, 2014		June 29, 2013
Prepayments	$	33.3	$	36.0
Advances to contract manufacturers		13.5		14.6
Deferred income tax		3.8		3.9
Refundable income taxes		5.5		2.3
Other receivables		14.1		26.1
Assets held for sale		—		2.2
Other current assets		8.5		10.2


Prepayments and other current assets	$	78.7	$	95.3

Property, plant and equipment, net

The components of Property, plant and equipment, net were as follows (in millions):

	Years Ended

	June 28, 2014			June 29, 2013
Land	$	20.7		$	14.6
Buildings and improvements		64.0			34.9
Machinery and equipment		495.3			453.8
Furniture, fixtures, software and office equipment		145.2			132.9
Leasehold improvements		78.3			92.7
Construction in progress		32.3			14.9


		835.8			743.8
Less: Accumulated depreciation		(547.0	)		(496.8	)


Property, plant and equipment, net	$	288.8		$	247.0

During the second quarter of fiscal 2014, the Company purchased a fabrication facility in California for $14.7 million which the Company previously leased.

As of June 28, 2014 and June 29, 2013, net included $17.7 million and $21.8 million respectively, in land and buildings related to the Santa Rosa and Eningen Transactions (as defined in "Note 17. Commitments and Contingencies" below) accounted for under the financing method. Refer to "Note 17. Commitments and Contingencies" for more information.

During fiscal 2014, 2013 and 2012, the Company recorded depreciation expense of $72.5 million, $68.3 million, and $69.2 million, respectively.

Other current liabilities

The components of Other current liabilities were as follows (in millions):

	Years Ended

	June 28, 2014		June 29, 2013
Deferred compensation plan	$	3.9	$	4.2
Warranty accrual		5.3		6.0
Restructuring accrual		14.5		10.3
Holdback liabilities from acquisitions		22.5		13.1
Other		11.5		11.7


Other current liabilities	$	57.7	$	45.3

Other non-current liabilities

The components of Other non-current liabilities were as follows (in millions):

	Years Ended

	June 28, 2014		June 29, 2013
Pension accrual and post-employment benefits	$	107.3	$	92.0
Deferred taxes		9.3		11.0
Restructuring accrual		11.7		6.2
Financing obligation		31.4		32.4
Non-current income taxes payable		13.8		13.4
Asset retirement obligations		5.1		8.8
Long-term deferred revenue		22.7		25.8
Other		18.2		16.6


Other non-current liabilities	$	219.5	$	206.2

Interest and other income (expense), net

The components of Interest and other income (expense), net were as follows (in millions):

	Years Ended

	June 28, 2014			June 29, 2013			June 30, 2012
Interest income	$	3.7		$	2.7		$	3.5
Foreign exchange (losses) gains, net		(2.6	)		(2.5	)		0.3
Proceeds from insurance claims(1)		—			—			9.4
Loss on repurchase of the 2026 Notes		—			(4.1	)		(0.7	)
Gain on sale of investments		0.4			0.5			1.6
Other income (expense), net		(1.0	)		(0.7	)		(1.3	)


Interest and other income (expense), net	$	0.5		$	(4.1	)	$	12.8

(1): During second quarter of fiscal 2012, one of the Company's primary CCOP manufacturing partners, Fabrinet, experienced significant flooding which resulted in suspension of operations for a portion of the quarter. As a result, the Company filed an insurance claim for business interruption and miscellaneous property losses related to the event. During the fourth quarter of fiscal 2012, the Company received $10.5 million net of deductibles from the insurance company of which $9.4 million was recorded in Interest and other income (expense), net.