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RELATED PARTY TRANSACTIONS
9 Months Ended
Mar. 29, 2014
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS

As a result of our acquisition of Opnext on July 23, 2012, Hitachi, Ltd. (Hitachi) holds approximately 11 percent of our outstanding common stock as of March 29, 2014 based on Hitachi’s most recent Schedule 13G filed with the Securities and Exchange Commission on February 12, 2014.
We continue to enter into transactions with Hitachi in the normal course of business. Sales to Hitachi were $1.8 million and $6.5 million for the three and nine months ended March 29, 2014, respectively, and $1.3 million and $8.6 million for the three and nine months ended March 30, 2013, respectively. Purchases from Hitachi were $2.9 million and $9.5 million for the three and nine months ended March 29, 2014, respectively, and $5.1 million and $16.3 million for the three and nine months ended March 30, 2013, respectively. At March 29, 2014, we had $3.5 million accounts receivable due from Hitachi and $2.2 million accounts payable due to Hitachi. At June 29, 2013 we had $3.0 million accounts receivable due from Hitachi and $2.2 million accounts payable due to Hitachi. We also have certain capital equipment leases with Hitachi Capital Corporation as described in Note 9, Commitments and Contingencies.

We are now party to a research and development agreement and intellectual property license agreements with Hitachi.