XML 78 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Sep. 29, 2012
Opnext
Cash flows from operating activities:      
Net income (loss) $ 33,278 $ (25,108)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Amortization of deferred gain on sale-leasebacks (526) (331)  
Amortization and writeoff of issuance costs in connection with term loan 4,293    
Gain on sale of Zurich Business (62,812)    
Depreciation and amortization 8,838 12,244  
Impairment of other intangibles   864  
Gain on bargain purchase   (24,866) (39,500)
Stock-based compensation expense 1,151 1,600  
Other adjustments 344 (18)  
Changes in operating assets and liabilities:      
Accounts receivable, net (847) 21,356  
Inventories 403 (6,990)  
Prepaid expenses and other current assets (15,707) 3,794  
Other non-current assets 251 78  
Accounts payable 16,009 3,179  
Accrued expenses and other liabilities (2,226) (2,969)  
Net cash used in operating activities (17,551) (17,167)  
Cash flows from investing activities:      
Purchases of property and equipment (1,416) (5,973)  
Proceeds from sale of option to purchase Amplifier Business 5,000    
Proceeds from sale of Zurich Business 90,618    
Transfer from restricted cash, net of acquired businesses 175 93  
Cash acquired from business combinations   36,123  
Net cash provided by investing activities 94,377 30,243  
Cash flows from financing activities:      
Proceeds from issuance of common stock, net 8 738  
Proceeds from borrowings under credit line   11,500  
Payments on capital lease obligations (1,321) (2,316)  
Repayments on borrowings under credit line and term loan (64,964) (386)  
Cash paid under earnout obligations   (8,628)  
Net cash (used in) provided by financing activities (66,277) 908  
Effect of exchange rate on cash and cash equivalents (3,197) (2,061)  
Net increase in cash and cash equivalents 7,352 11,923  
Cash and cash equivalents at beginning of period 84,635 61,760  
Cash and cash equivalents at end of period 91,987 73,683  
Supplemental disclosures of non-cash transactions:      
Issuance of common stock, stock options and stock appreciation rights related to the acquisition of Opnext     89,842
Capital lease obligations incurred for purchases of property and equipment   $ 1,228