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Discontinued Operations Discontinued Operations (Tables)
 3 Months Ended
Sep. 25, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]
The following table presents the assets and liabilities related to the Wolfspeed business held for sale (in thousands):
 
September 25, 2016

 
June 26, 2016

Assets Held For Sale


 


Accounts receivable, net

$28,794

 

$26,839

Prepaid and other Current Assets
1,491

 
1,369

Inventories
19,005

 
21,871

Property and equipment, net
224,773

 
214,934

Intangible assets, net
44,352

 
43,409

Goodwill
100,769

 
100,769

Total Assets Held for Sale*

$419,184

 

$409,191




 


Liabilities Held for Sale


 


Accounts payable

$12,470

 

$9,477

Accrued salaries and wages
3,740

 
4,514

Other accrued liabilities
2,173

 
971

Other long term liabilities
—

 
1,850

Total Liabilities Held for Sale*

$18,383

 

$16,812
Disposal Groups, Including Discontinued Operations [Table Text Block]
The following table presents the financial results of the Wolfspeed business as income from discontinued operations, net of income taxes in the Company's consolidated statements of income (loss) (in thousands):

Three Months Ended

September 25, 2016


September 27, 2015

Revenue, net

$49,902



$43,939

Cost of revenue, net
26,314


20,548

Gross profit
23,588


23,391

Total operating expenses
18,654


21,514

Income from discontinued operations before income taxes
4,934


1,877

Income tax expense
1,510


630

Income from discontinued operations, net of income taxes

$3,424



$1,247