Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 29, 2013

Investments in Available-for-Sale Securities and Cash Equivalents

Our cash equivalents and investments classified as available-for-sale securities as of the end of fiscal 2013 and 2012 were as follows (in thousands):


	2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Reported as cash equivalents:
Money market funds	$	350,521	$	—	$	—	$	350,521
Reported as non-current investments:
Auction rate securities		10,167		6,980		178		16,969

Total available-for-sale securities	$	360,688	$	6,980	$	178	$	367,490


	2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Reported as cash equivalents:
Money market funds	$	301,451	$	—	$	—	$	301,451
Reported as non-current investments:
Auction rate securities		13,323		2,276		278		15,321

Total available-for-sale securities	$	314,774	$	2,276	$	278	$	316,772

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy, as of the end of fiscal 2013 and 2012 were as follows (in thousands):


	2013				2012
	Level 1		Level 3		Level 1		Level 3
Assets
Money market	$	350,521	$	—	$	301,451	$	—
Auction rate securities		—		16,969		—		15,321

Total	$	350,521	$	16,969	$	301,451	$	15,321

Liabilities
Contingent consideration liability recorded for business acquisition	$	—	$	8,247	$	—	$	11,900

Changes in Fair Value of Level 3 Financial Assets

Changes in fair value of our Level 3 financial assets for fiscal 2013 and 2012 were as follows (in thousands):


	2013			2012
Beginning balance	$	15,321		$	25,876
Net unrealized gain/(loss)		4,998			(522	)
Impairment recovery of redeemed investments		—			77
Redemptions		(3,350	)		(10,110	)

Ending balance	$	16,969		$	15,321

Changes in Fair Value of Contingent Consideration

Changes in fair value of contingent consideration measured using significant unobservable inputs (Level 3) for fiscal 2013 and 2012 were as follows (in thousands):


	2013			2012
Beginning balance	$	11,900		$	—
Contingent consideration liability incurred		—			11,900
Settlement of contingent consideration liability		(5,000	)		—
Accretion and remeasurement		1,347			—

Ending balance	$	8,247		$	11,900

Accounts Receivable Balance Percentage of Different Customers

The following customers accounted for more than 10% of our accounts receivable balance as of the end of fiscal 2013 and 2012:


	2013			2012
Customer A		27	%		*
Customer B		*			14	%
Customer C		*			12	%

*	Less than 10%

Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or market (estimated net realizable value) as of the end of fiscal 2013 and 2012 and consisted of the following (in thousands):


	2013		2012
Raw materials	$	38,181	$	26,957
Finished goods		11,767		4,710

	$	49,948	$	31,667

Other Accrued Liabilities

As of the end of fiscal 2013 and 2012, other accrued liabilities consisted of the following (in thousands):


	2013		2012
Customer obligations	$	16,291	$	13,076
Inventory obligations		6,333		5,680
Warranty		1,696		2,175
Other		7,117		5,584

	$	31,437	$	26,515

Changes in Warranty Liability

Changes in our warranty liability (included in other accrued liabilities) for fiscal 2013 and 2012 were as follows (in thousands):


	2013			2012
Beginning accrued warranty	$	2,175		$	2,984
Provision for product warranties		875			1,759
Cost of warranty claims and settlements		(1,354	)		(2,568	)

Ending accrued warranty	$	1,696		$	2,175

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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