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Subsequent Events | 12 Months Ended
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Jun. 30, 2012
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On September 23, 2010, the Company entered into an Option Agreement with Trumark Companies LLC (“Trumark”), under which the Company granted Trumark an option (the “Option”) to purchase half of its corporate headquarters campus in Santa Clara, California (First Property), at a price of $24.0 million. Under the agreements, Trumark will have until December 18, 2012 to exercise the options to purchase the First Property and may extend the option if they make certain payments to the Company. In January 2012, the Company classified the First Property as “assets held for sale” on the consolidated balance sheet at a net book value of $17.1 million, which was the lesser of the fair value (less cost to sell) or carrying amount of the assets, and ceased recognizing depreciation expense on the assets. On January 25, 2012, Company entered into a new Option Agreement with Trumark, under which it granted Trumark an option to purchase the remaining portion of the Company's corporate campus (Second Property), at a price of $24.5 million. Under the agreement, Trumark will have until December 28, 2012 to exercise the options to purchase the Second Property and may extend the option if they make certain payments to the Company. As of June 30, 2012, the Second Property, with a net book value of $16.0 million, remains classified as “assets held for use” due to certain unresolved contingencies that may delay the completion date of this transaction. As of the date of this filing, the Company had received option payments totaling $3.0 million from Trumark, which were classified as a deferred gain and included in other current liabilities on the consolidated balance sheet. On August 20, 2012, Company entered into amendments to both of the Option Agreements for First Property and Second Property. These amendments are contingent on Trumark assigning on or before September 11, 2012, Trumark's interest in the Option Agreements to Catalina Investment Company, L.P. (an entity controlled by The Irvine Company) or an entity which controls, is controlled by, or under common control with The Irvine Company (“Irvine”). If the assignment to Irvine does not occur on or before September 11, 2012, then the amendments are of no force or effect. If the assignment does occur on or before September 11, 2012, then the closing under the Option Agreements shall be accelerated to the date on which the assignment to Irvine occurs and the combined purchase price for the First Property and the Second Property shall be reduced to $46.0 million.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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