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Subsequent Event | 12 Months Ended
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Jun. 26, 2011
Subsequent Event |
Subsequent Event | Note 19 – Subsequent Event On August 17, 2011, the Company entered into a Stock Purchase Agreement with all of the shareholders of Ruud Lighting, Inc. (Ruud). Pursuant to the terms of the Stock Purchase Agreement and concurrently with the execution of the Stock Purchase Agreement, the Company acquired all of the outstanding share capital of Ruud in exchange for consideration consisting of 6,074,833 shares of the Company's common stock and $372.2 million cash, subject to certain post-closing adjustments. In connection with the stock purchase transaction with Ruud, the Company paid off Ruud's outstanding debt in the aggregate amount of approximately $85 million.

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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. + Details
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