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Subsequent Events | 12 Months Ended
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Jul. 01, 2017
Subsequent Events [Abstract] |
Subsequent Events | Note 19. Subsequent Events Repurchase of Common Stock Subsequent to our fiscal year ended July 1, 2017, the Company repurchased approximately 0.3 million shares of common stock purchases at an average price of $10.58 per share under the stock repurchase program authorized on February 1, 2016. All common shares repurchased have been canceled and retired. Repurchase of 2033 Notes Subsequent to our fiscal year ended July 1, 2017, the Company repurchased $146.5 million of our 2033 Notes for $162.0 million in cash. Acquisition of Trilithic, Inc. On August 9, 2017, the Company acquired Trilithic, Inc. (“Trilithic”), a privately-held provider of electronic test and measurement equipment for telecommunications service providers and will be part of NE operating segment. The Company acquired Trilithic for $55.0 million in cash, net of cash acquired, subject to working capital adjustments. The acquisition will be accounted for as a business combination in accordance with the authoritative guidance. Due to the closing of this acquisition subsequent to the period end, the Company is currently determining the fair value of assets acquired and liabilities assumed necessary to develop the purchase price allocation. Therefore, disclosure of the purchase price allocation to the tangible and intangible assets acquired and liabilities assumed is not practicable.

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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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