XML 57 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Concentrations of Risk
12 Months Ended
Jun. 24, 2018
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, U.S. agency securities, 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 13%, 12% and 10% of revenue for fiscal 2018, 2017 and 2016, respectively. Arrow Electronics, Inc. is a customer of the LED Products and Wolfspeed segments.
No customers individually accounted for more than 10% of the consolidated accounts receivable balance at June 24, 2018 and June 25, 2017.