XML 62 R23.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Acquisition (Tables) | 3 Months Ended
--- | ---
Sep. 27, 2015
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The total estimated purchase price for this acquisition is as follows (in thousands):
Cash consideration paid to shareholders |  | $13,797 |
Post-closing adjustments | 181 |
Contingent consideration | 4,625 |
Total purchase price |  | $18,603 |
Purchase Price Allocation [Table Text Block] | The purchase price for this acquisition has been preliminarily allocated to the assets acquired and liabilities assumed based on their estimated fair values as follows (in thousands):
Tangible assets: |
Cash and cash equivalents |  | $1,284 |
Accounts receivable | 1,006 |
Inventories | 143 |
Property and equipment | 1,023 |
Other assets | 427 |
Total tangible assets | 3,883 |
Intangible assets: |
Patents | 40 |
Customer relationships | 4,500 |
Developed technology | 11,403 |
In-process research and development | 7,565 |
Non-compete agreements | 231 |
Goodwill | 2,497 |
Total intangible assets | 26,236 |
Liabilities assumed: |
Accounts payable | 55 |
Accrued expenses and liabilities | 2,056 |
Other long-term liabilities | 9,405 |
Total liabilities assumed | 11,516 |
Net assets acquired |  | $18,603 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | The identifiable intangible assets acquired as a result of the acquisition will be amortized over their respective estimated useful lives as follows (in thousands, except for years):
| Asset Amount |  | Estimated Life in Years
Patents |  | $40 |  |  | 20
Customer relationships | 4,500 |  |  | 4
Developed technology | 11,403 |  |  | 10
In-process research and development 1 | 7,565 |  |  | -
Non-compete agreements | 231 |  |  | 3
Total identifiable intangible assets |  | $23,739 |  |  |
(1) In-process research and development (IPR&D) is initially classified as indefinite-lived assets and tested for impairment at least annually or when indications of potential impairment exist. When an IPR&D project is complete, it is reclassified as an amortizable intangible asset and amortized over its estimated useful life.

X
- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References No definition available. + Details
Name: | cree_PurchasePriceAllocationTableTextBlock
Namespace Prefix: | cree_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration