XML 46 R43.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Acquisitions (Schedule of Initial Purchase Price) (Details) (USD $) | 3 Months Ended | 12 Months Ended |  | 1 Months Ended
--- | --- | --- | --- | ---
Jun. 24, 2012 | Jun. 24, 2012 Rudd Lighting, Inc. [Member] | Sep. 25, 2011 Rudd Lighting, Inc. [Member] | Jun. 26, 2011 Rudd Lighting, Inc. [Member] | Aug. 17, 2011 Rudd Lighting, Inc. [Member] | Aug. 17, 2011 Common Stock [Member] Rudd Lighting, Inc. [Member]
Business Acquisition, Cost of Acquired Entity [Abstract] |  |  |  |  |  |  |  |
Cash consideration for acquisition |  |  |  |  | $ 372,235,000 |  |  |
Fair value of common stock issued by the Company |  |  |  |  |  |  | 211,040,000 | [1]
Debt repayment of acquiree |  |  |  |  | 84,991,000 |  |  |
Business Acquisition, Working Capital Adjustment |  |  |  |  | (2,260,000) | [2],[3],[4],[5] |  |
Total purchase price |  |  |  |  | 666,006,000 |  |  |
Shares issued for acquisition |  |  |  |  |  |  | 6,074,833 |
Common stock, closing market price per share |  |  |  |  |  |  | $ 34.74 |
Expiration of transfer restrictions under stock purchase agreement |  |  |  |  |  |  | 25.00% |
Business Acquisition - Purchase Price Adjustment Cash Refund |  | 1,000,000 |  |  |  |  |  |
Post Closing Working Capital Adjustment, Stock |  | 15,895 |  |  |  |  |  |
Cash, Returned From Escrow |  | 300,000 |  |  |  |  |  |
Post Closing Indemnification Obligations, Stock |  | 5,069 |  |  |  |  |  |
Insurance proceeds recovered related to liabilities assumed in the acquisition |  | 400,000 |  |  |  |  |  |
Business Acquisition, Purchase Price Allocation, Preclosing Taxes Paid | 200,000 |  |  |  |  |  |  |
Transaction cost |  |  |  |  | 3,600,000 |  |  |
Transaction cost expensed |  |  | $ 3,100,000 | $ 500,000 |  |  |  |
[1] | Represents 6,074,833 shares of the Company's common stock at $34.74 per share, the closing share price on August 17, 2011. The shares are subject to certain transfer restrictions under the Stock Purchase Agreement that will generally lapse with respect to 25% of the shares held (i) at the completion of the consecutive six-month period following the date of the closing of the transaction; and, (ii) at the completion of each of the following three successive six-month periods, such that all restrictions will lapse by the second anniversary of the closing.
[2] | In accordance with the Stock Purchase Agreement, the sellers have certain post-closing indemnification obligations to the Company. During the fourth quarter of fiscal 2012, the Company received approximately $0.3 million in cash and the return of 5,069 shares of the Company's common stock from escrow in connection with these indemnification obligations.
[3] | The Company paid approximately $0.2 million related to pre-closing taxes during the fourth quarter of fiscal 2012.
[4] | In accordance with the Stock Purchase Agreement, the post-closing working capital adjustment was composed of approximately $1.0 million in cash and the return of 15,895 shares of the Company's common stock from escrow during the fourth quarter of fiscal 2012.
[5] | The Company recovered approximately $0.4 million in insurance proceeds related to liabilities assumed in the acquisition during the fourth quarter of fiscal 2012.

X
- Definition Business Acquisition - Purchase Price Adjustment Cash Refund. Cash received back from acquiree due to adjustment to initial purchase price. + References No definition available. + Details
Name: | cree_BusinessAcquisitionPurchasePriceAdjustmentCashRefund
Namespace Prefix: | cree_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Business Acquisition, Purchase Price Allocation, Preclosing Taxes Paid + References No definition available. + Details
Name: | cree_BusinessAcquisitionPurchasePriceAllocationPreclosingTaxesPaid
Namespace Prefix: | cree_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Expiration percentage of shares used in acquisition, which are subject to certain transfer restrictions, under the Stock Purchase Agreement. + References No definition available. + Details
Name: | cree_BusinessAcquisitionTransferRestrictionsSubjectToExpirationPercentageOfShares
Namespace Prefix: | cree_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Business Acquisition, Working Capital Adjustment + References No definition available. + Details
Name: | cree_BusinessAcquisitionWorkingCapitalAdjustment
Namespace Prefix: | cree_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Common Stock, Fair Market Value Per Share + References No definition available. + Details
Name: | cree_CommonStockFairMarketValuePerShare
Namespace Prefix: | cree_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Escrow Deposit Disbursements Related To Business Combination, Post Closing Indemnification Obligations, Stock + References No definition available. + Details
Name: | cree_EscrowDepositDisbursementsRelatedToBusinessCombinationPostClosingIndemnificationObligationsStock
Namespace Prefix: | cree_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Escrow Deposit Disbursements Related To Business Combination, Post Closing Working Capital Adjustment, Stock + References No definition available. + Details
Name: | cree_EscrowDepositDisbursementsRelatedToBusinessCombinationPostClosingWorkingCapitalAdjustmentStock
Namespace Prefix: | cree_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indemnification Obligation Refund Related to Business Combination, Cash + References No definition available. + Details
Name: | cree_IndemnnificationObligationRefundRelatedToBusinessCombinationCash
Namespace Prefix: | cree_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Insurance Proceeds Recovered, Related To Liabilities Assumed In Acquisition + References No definition available. + Details
Name: | cree_InsuranceProceedsRecoveredRelatedToLiabilitiesAssumedInAcquisition
Namespace Prefix: | cree_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionCostOfAcquiredEntityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of cash paid to acquire the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph f(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_BusinessAcquisitionCostOfAcquiredEntityCashPaid
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair Value of the liabilities incurred by the acquirer to former owners of the acquiree, including the fair value of any contingent consideration. If liabilities transferred as consideration remain within the combined entity after the business combination (for example, because the assets or liabilities were transferred to the acquiree rather than to its former owners), and the acquirer therefore retains control of them; in that situation, the acquirer measures those liabilities at their carrying amounts immediately before the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6405-128476 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph f(3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 39, 40, 41 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477 + Details
Name: | us-gaap_BusinessAcquisitionCostOfAcquiredEntityLiabilitiesIncurred
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of direct costs of the business combination including legal, accounting, and other costs incurred to consummate the business acquisition. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Value of equity interests (such as common shares, preferred shares, or partnership interest) issued or issuable to acquire the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 99-12 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Number of shares of equity interests issued or issuable to acquire entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related costs which have been expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 57 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph n -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration