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OTHER ASSETS AND AMOUNTS DUE TO / FROM AFFILIATES
9 Months Ended
Sep. 27, 2014
Other Assets and Related Party Transactions Disclosure [Abstract]  
OTHER ASSETS AND AMOUNTS DUE TO / FROM AFFILIATES
OTHER ASSETS AND NOTE RECEIVABLE
During the nine month period ended September 27, 2014, the Company wrote-off its $1.3 million investment in Kobrite and recorded approximately $0.1 million of losses in Equity Loss in Unconsolidated Affiliate in the Statement of Operations. Prior to the write-off, the Company accounted for its 12% ownership interest using the equity method. One of the Company’s directors is a member of the Board of Directors of Bright LED, principal investor of KoBrite.
The Company has recorded a $14.9 million note receivable resulting from the sale of its III-V product line and its investment in KTC which is due January 16, 2016. The receivable is collateralized by certain assets of the buyer of the III-V product line. The buyer has outstanding debt and the repayment of the receivable is subject to the buyer remaining within its debt compliance obligations at the time of repayment.