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Concentrations of Risk
12 Months Ended
Jun. 25, 2017
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 12%, 10% and 12% of revenue for fiscal 2017, 2016 and 2015, respectively. Revenue from The Home Depot, Inc. represented 5%, 8% and 11% of revenue for fiscal 2017, 2016 and 2015, respectively.
No customers individually accounted for more than 10% of the consolidated accounts receivable balance at June 25, 2017 and June 26, 2016.
Arrow Electronics, Inc. is a customer of the LED Products and Wolfspeed segments. The Home Depot, Inc. is a customer of the Lighting Products segment.