XML 23 R23.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Related Party Transactions
12 Months Ended
Jun. 26, 2011
Related Party Transactions  
Related Party Transactions

Note 16 – Related Party Transactions

In July 2010 Mark Swoboda was appointed Chief Executive Officer of Intematix Corporation (Intematix). Mark Swoboda is the brother of the Company's Chairman, Chief Executive Officer and President, Charles M. Swoboda. For a number of years the Company has purchased raw materials from Intematix and sold LED chips to Intematix pursuant to standard purchase orders in the ordinary course of business. The Company anticipates that it will continue to purchase raw materials from Intematix in the future pursuant to standard purchase orders.

During fiscal 2011, Intematix purchased $0.5 million of products from the Company pursuant to standard purchase orders. As of June 26, 2011, the Company had no outstanding receivable balance from Intematix. During fiscal 2011, the Company purchased $0.8 million of raw materials from Intematix pursuant to standard purchase orders. The Company had $0.1 million outstanding to Intematix as of June 26, 2011.