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Concentrations of Risk
12 Months Ended
Jun. 26, 2016
Risks and Uncertainties [Abstract]  
Concentrations of Risk
Concentrations of Risk
Financial instruments, which may subject the Company to a concentration of risk, consist principally of short-term investments, cash equivalents, and accounts receivable. Short-term investments consist primarily of municipal bonds, corporate bonds, commercial paper and certificates of deposit at interest rates that vary by security. The Company’s cash equivalents consist primarily of money market funds. Certain bank deposits may at times be in excess of the FDIC insurance limits.
The Company sells its products on account to manufacturers, distributors, retailers and others worldwide and generally requires no collateral.
Revenue from Arrow Electronics, Inc. represented 10%, 12% and 13% of revenue for fiscal 2016, 2015, and 2014, respectively. Revenue from The Home Depot, Inc. represented 8% of revenue in fiscal 2016 and 11% in both fiscal 2015 and 2014.
No customers individually accounted for more than 10% of the consolidated accounts receivable balance at June 26, 2016 and June 28, 2015.
Arrow Electronics, Inc. is a customer of the LED Products and Power and RF Products segments. The Home Depot, Inc. is a customer of the Lighting Products segment.