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Financial Statement Details | 12 Months Ended
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Jun. 26, 2011
Financial Statement Details |
Financial Statement Details | Note 4 – Financial Statement Details Accounts Receivable, net The following is a summary of the components of accounts receivable, net (in thousands):
|  | June 26, 2011 |  |  | June 27, 2010 |
Billed trade receivables |  | $ | 137,799 |  |  | $ | 138,642 |
Unbilled contract receivables |  |  | 1,038 |  |  |  | 1,391 |
|  |  | 138,837 |  |  |  | 140,033 |
Allowance for sales returns, discounts and other incentives |  |  | (19,615 | ) |  |  | (20,551 | )
Allowance for bad debts |  |  | (753 | ) |  |  | (1,947 | )
Total accounts receivable, net |  | $ | 118,469 |  |  | $ | 117,535 |
The following table summarizes the changes in the Company's allowance for sales returns and other incentives (in thousands):
|  | Fiscal Years Ended |
|  | June 26, 2011 |  |  | June 27, 2010 |  |  | June 28, 2009 |
Balance at beginning of period |  | $ | 20,551 |  |  | $ | 9,644 |  |  | $ | 5,944 |
Current period claims |  |  | (47,448 | ) |  |  | (23,036 | ) |  |  | (10,981 | )
Provision for sales returns |  |  | 46,512 |  |  |  | 33,943 |  |  |  | 14,681 |
Balance at end of period |  | $ | 19,615 |  |  | $ | 20,551 |  |  | $ | 9,644 |
The following table is a roll forward of the Company's allowance for bad debts (in thousands):
|  | Fiscal Years Ended |
|  | June 26, 2011 |  |  | June 27, 2010 |  |  | June 28, 2009 |
Balance at beginning of period |  | $ | 1,947 |  |  | $ | 2,531 |  |  | $ | 1,719 |
Current year provision |  |  | (956 | ) |  |  | 738 |  |  |  | 1,048 |
Write-offs net of recoveries |  |  | (238 | ) |  |  | (1,322 | ) |  |  | (236 | )
Balance at end of period |  | $ | 753 |  |  | $ | 1,947 |  |  | $ | 2,531 |
Inventories The following is a summary of the components of inventories (in thousands):
|  | June 26, 2011 |  |  | June 27, 2010 |
Raw material |  | $ | 38,781 |  |  | $ | 24,858 |
Work-in-progress |  |  | 74,816 |  |  |  | 57,180 |
Finished goods |  |  | 62,885 |  |  |  | 30,203 |
Total inventories |  | $ | 176,482 |  |  | $ | 112,241 |
Property and Equipment, net The following table reflects the components of property and equipment (in thousands):
|  | June 26, 2011 |  |  | June 27, 2010 |
Furniture and fixtures |  | $ | 10,439 |  |  | $ | 8,273 |
Land and buildings |  |  | 254,190 |  |  |  | 211,391 |
Machinery and equipment |  |  | 800,007 |  |  |  | 649,558 |
Computer hardware/software |  |  | 26,954 |  |  |  | 20,518 |
Leasehold improvements and other |  |  | 18,305 |  |  |  | 17,894 |
Construction in progress |  |  | 95,974 |  |  |  | 73,439 |
|  |  | 1,205,869 |  |  |  | 981,073 |
Accumulated depreciation |  |  | (649,940 | ) |  |  | (561,347 | )
Property and Equipment, net |  | $ | 555,929 |  |  | $ | 419,726 |
Depreciation of property and equipment used in continuing operations totaled $93.1 million, $74.1 million and $76.7 million for the years ended June 26, 2011, June 27, 2010 and June 28, 2009, respectively. During the years ended June 26, 2011, June 27, 2010 and June 28, 2009, the Company recorded approximately $1.5 million, $3.9 million and $6.3 million, respectively, as losses on disposals or impairments of property and equipment. These charges are reflected in Loss or Impairment on Disposal of Property and Equipment in the accompanying Consolidated Statements of Income. Revenues, net Revenues for fiscal 2011, 2010 and 2009 were comprised of the following product groups (in thousands, except percentages):
|  | Fiscal Years Ended |
|  | June 26, 2011 |  |  | June 27, 2010 |  |  | June 28, 2009 |
LED products |  | $ | 889,991 |  |  | $ | 789,947 |  |  | $ | 524,318 |
Percent of revenue |  |  | 90 | % |  |  | 91 | % |  |  | 92 | %
Power and RF products |  |  | 97,624 |  |  |  | 77,340 |  |  |  | 42,937 |
Percent of revenue |  |  | 10 | % |  |  | 9 | % |  |  | 8 | %
Total revenue |  | $ | 987,615 |  |  | $ | 867,287 |  |  | $ | 567,255 |

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