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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax provision consists of the following:

	Fiscal Year Ended
	June 30, 2018				July 1, 2017				July 2, 2016
	(in thousands)
Current income tax provision (benefit):
United States	$	(221	)		$	1,231			$	1,014
Foreign	1,722				1,206				1,960
	1,501				2,437				2,974
Deferred income tax provision (benefit):
United States	(795		)		(539		)		(1,285		)
Foreign	(823		)		(259		)		(71		)
	(1,618		)		(798		)		(1,356		)
Total income tax provision	$	(117	)		$	1,639			$	1,618

Effective Tax Rate Reconciliation

The Company’s effective tax rate differs from the federal tax rate as follows:

	Fiscal Year Ended
	June 30, 2018				July 1, 2017				July 2, 2016
	(in thousands)
Federal income tax provision at statutory rates	$	(397	)		$	2,467			$	2,771
State income taxes, net of federal tax effect	(4		)		175				250
Foreign tax rate differences	103				(156		)		(442		)
Tax rate change	1,634				—				—
Provisional transition tax on accumulated foreign earnings	1,190				—				—
Effect of income tax credits	(687		)		(738		)		(1,254		)
Effect of repatriation of foreign earnings, net	(1,484		)		199				(161		)
Provision to return reconciliation	(401		)		8				(75		)
Other	(71		)		(316		)		529
Income tax provision	$	(117	)		$	1,639			$	1,618

Schedule of Income before Income Tax, Domestic and Foreign

The domestic and foreign components of income before income taxes were:

	Fiscal Year Ended
	June 30, 2018				July 1, 2017				July 2, 2016
	(in thousands)
Domestic	$	(4,593	)		$	3,553			$	2,228
Foreign	3,151				3,703				5,923
Income before income taxes	$	(1,442	)		$	7,256			$	8,151

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities consist of the following at:

	June 30, 2018				July 1, 2017
	(in thousands)
Deferred tax assets:
Tax credit carryforwards, net	$	3,946			$	4,164
Foreign subsidiaries - future tax credits	—				840
Inventory	667				840
Accruals	3,830				4,020
Mark-to-market adjustments	247				1,443
Arbitration settlement	1,100				—
Other	33				28
Deferred income tax assets	$	9,823			$	11,335
Deferred tax liabilities:
Foreign subsidiaries – unremitted earnings	(822		)		(2,288		)
Fixed assets	(289		)		(456		)
Identifiable intangibles	(670		)		(1,308		)
Other	(160		)		(302		)
Deferred income tax liabilities	$	(1,941	)		$	(4,354	)
Net deferred income tax assets	$	7,882			$	6,981
Balance sheet caption reported in:
Long-term deferred income tax asset	$	7,882			$	6,981
Net deferred income tax asset	$	7,882			$	6,981

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	Fiscal Year Ended
	June 30, 2018				July 1, 2017				July 2, 2016
	(in thousands)
Beginning Balance	$	3,947			$	3,760			$	3,446
Additions based on tax positions related to the current year	64				187				314
Ending Balance	$	4,011			$	3,947			$	3,760

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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