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FLOOD-RELATED (INCOME) EXPENSE, NET
9 Months Ended
Mar. 29, 2014
Environmental Remediation Obligations [Abstract]  
FLOOD-RELATED (INCOME) EXPENSE, NET
FLOOD-RELATED (INCOME) EXPENSE, NET
In October 2011, certain areas in Thailand suffered major flooding as a result of monsoons. This flooding had a material impact on our business and results of operations. Our primary contract manufacturer, Fabrinet, suspended operations at two factories located in Chokchai, Thailand and Pinehurst, Thailand. The Chokchai factory suffered extensive flood damage and became inaccessible due to high water levels inside and surrounding the manufacturing facility.
During the three months ended March 29, 2014, we recorded $1.7 million in flood-related income in our condensed consolidated statement of operations, primarily relating to insurance settlement proceeds received in the third quarter of fiscal year 2014. During the nine months ended March 29, 2014, we recorded $1.8 million in flood-related income in our condensed consolidated statement of operations, primarily consisting of $3.7 million in insurance settlement proceeds received in the second and third quarters of fiscal year 2014, partially offset by an out-of-period adjustment of $2.0 million related to the impairment of leased assets assumed pursuant to the Opnext merger that had been damaged by the flooding. During the three and nine months ended March 30, 2013, we recorded net flood-related income of $11.5 million and $10.6 million, respectively, related to payments received from our insurers, offset in part by professional fees and related expenses incurred in connection with our recovery efforts.
As of March 29, 2014, we have not recorded any estimated amounts relating to potential future insurance recoveries in the condensed consolidated statement of operations.