Stockholders' Equity

3 Months Ended

Oct. 01, 2011

Stockholders' Equity [Abstract]

STOCKHOLDERS' EQUITY

NOTE 9. STOCKHOLDERS’ EQUITY

Comprehensive Income

For the three months ended October 1, 2011 and October 2, 2010, comprehensive income is primarily comprised of our net income, changes in the unrealized gain (loss) on currency instruments designated as cash flow hedges, unrealized loss on short-term investments and currency translation adjustments. The components of comprehensive income were as follows for the periods indicated:

	Three Months Ended
	October 1,			October 2,
	2011			2010
	(Thousands)
Net income (loss)	$	(10,176	)	$	356
Other comprehensive income (loss):
Currency translation adjustments		(4,486	)		5,613
Unrealized gain (loss) on currency instruments designated as cash flow hedges		(79	)		323
Unrealized loss on marketable securities		(8	)		—
Comprehensive income (loss)	$	(14,749	)	$	6,292

Warrants

The following table summarizes activity relating to warrants to purchase our common stock:

				Weighted-
	Warrants			Average
	Outstanding			Exercise Price
	(Thousands)
Balance at July 2, 2011		1,398		$	16.18
Expired on September 1, 2011		(580	)		20.00
Balance at October 1, 2011		818		$	13.48

Common Stock

On December 17, 2009, we acquired Xtellus, Inc. (Xtellus). As part of the consideration, we were obligated to pay $7.0 million in consideration to the former Xtellus stockholders after an 18 month escrow period. In the fiscal quarter ended January 2, 2010, we issued approximately 1.0 million shares of our common stock into a third-party escrow account to secure this obligation.

During the quarter ended October 1, 2011, we settled the $7.0 million liability with the former Xtellus stockholders by transferring approximately 0.9 million shares of common stock held in escrow, valued at $7.0 million, to the former Xtellus stockholders. The transfer of the shares resulted in a $7.0 million increase to our additional paid-in capital and a $7.0 million decrease in our accrued expenses and other liabilities within our condensed consolidated balance sheet at October 1, 2011. The balance of 0.1 million shares of common stock held in escrow was returned to us, retired and returned to the status of authorized but unissued common stock in September 2011.