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Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 25, 2016

Accounting Policies [Abstract]

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 2016 and 2015 were as follows (in millions):

		2016
						Gross
		Amortized				Unrealized				Fair
		Cost				Gains				Value
Reported as cash equivalents:
Money market funds		$	319.1			$	—			$	319.1
Reported as non-current assets:
Auction rate securities			5.3				3.3				8.6
Total available-for-sale securities		$	324.4			$	3.3			$	327.7

		2015
						Gross
		Amortized				Unrealized				Fair
		Cost				Gains				Value
Reported as cash equivalents:
Money market funds		$	376.3			$	—			$	376.3
Reported as current assets:
Auction rate securities			0.6				—				0.6
Reported as non-current assets:
Auction rate securities			7.3				7.9				15.2
Total available-for-sale securities		$	384.2			$	7.9			$	392.1

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 2016 and 2015 were as follows (in millions):

		2016												2015
		Level 1				Level 2				Level 3				Level 1				Level 2				Level 3
Assets:
Money market		$	319.1			$	—			$	—			$	376.3			$	—			$	—
Auction rate securities			—				—				8.6				—				—				15.8
Total available-for-sale securities		$	319.1			$	—			$	8.6			$	376.3			$	—			$	15.8
Liabilities:
Contingent consideration liabilities recorded for    business combination		$	—			$	—			$	—			$	—			$	—			$	44.2
Foreign currency contract liabilities		$	—			$	—			$	—			$	—			$	1.3			$	—

Changes in Fair Value of Level 3 Financial Assets

Changes in fair value of our Level 3 financial assets for fiscal 2016 and 2015 were as follows (in millions):

		2016				2015
Beginning balance		$	15.8			$	19.8
Net unrealized gain/(loss)			(2.7	)			0.9
Impairment recovery on redeemed investments			2.1				—
Redemptions			(6.6	)			(4.9	)
Ending balance		$	8.6			$	15.8

Changes in Fair Value of Contingent Consideration

Changes in fair value of our Level 3 financial liabilities for fiscal 2016 and 2015 were as follows (in millions):

		2016				2015
Beginning balance		$	44.2			$	110.1
Cash settlement of contingent consideration liability			(18.2	)			(25.6	)
Issuance of common stock in settlement of liability			—				(21.5	)
Accretion and remeasurement			(0.5	)			(18.8	)
Transfer out			(25.5	)			—
Ending balance		$	—			$	44.2

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 2016 and 2015:

		2016				2015
Customer A			14%				13%
Customer B			13%				13%
Customer C			12%				20%
Customer D			11%			*
Customer E			10%				13%

* 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 2016 and 2015 and consisted of the following (in millions):

		2016				2015
Raw materials		$	59.2			$	75.5
Finished goods			87.2				64.7
		$	146.4			$	140.2

Schedule of Goodwill

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired.  Changes in our goodwill balance for fiscal 2016 and 2015 were as follows (in millions):

		2016				2015
Beginning balance		$	206.8			$	61.0
Acquisition activity			-				153.4
Post acquisition adjustments			-				(7.6	)
Ending balance		$	206.8			$	206.8

Other Accrued Liabilities

As of the end of fiscal 2016 and 2015, other accrued liabilities consisted of the following (in millions):

		2016				2015
Customer obligations		$	34.8			$	36.9
Inventory obligations			24.0				17.2
Warranty			3.5				2.8
Other			20.0				17.2
		$	82.3			$	74.1

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