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BUSINESS COMBINATIONS AND DISPOSITIONS (Tables)
9 Months Ended
Mar. 29, 2014
Amplifier Business
 
Balance Sheet Components of Discontinued Operations Held for Sale
The assets of the discontinued operation are presented as current assets under the caption assets of discontinued operations held for sale in the accompanying condensed consolidated balance sheets at March 29, 2014 and June 29, 2013, and consist of the following:
 
March 29, 2014
 
June 29, 2013
 
(Thousands)
Assets of Discontinued Operations Held for Sale
 
 
 
Inventories

 
8,308

Prepaid expenses and other current assets

 
303

Property and equipment, net

 
6,555

 
$

 
$
15,166

Statements of Operations for Discontinued Operations Held for Sale
The following table presents the statements of operations for the discontinued operations of the Amplifier Business:
 
Three Months Ended
 
Nine Months Ended
 
March 29, 2014
 
March 30, 2013
 
March 29, 2014
 
March 30, 2013
 
(Thousands)
Revenues
$

 
$
19,593

 
$
35,185

 
$
73,330

Cost of revenues

 
15,479

 
26,243

 
57,014

Gross profit

 
4,114

 
8,942

 
16,316

Operating expenses

 
5,377

 
5,576

 
14,123

Other income (expense), net
(636
)
 

 
69,069

 

Income (loss) from discontinued operations
  before income taxes
(636
)
 
(1,263
)
 
72,435

 
2,193

Income tax provision

 

 

 

Income (loss) from discontinued operations
$
(636
)
 
$
(1,263
)
 
$
72,435

 
$
2,193

Zurich Business
 
Balance Sheet Components of Discontinued Operations Held for Sale
The assets and liabilities of the discontinued operation are presented as current assets and current liabilities, separately under the captions assets of discontinued operations held for sale and liabilities of discontinued operations held for sale in the accompanying condensed consolidated balance sheets at March 29, 2014 and June 29, 2013, and consist of the following:
 
March 29, 2014
 
June 29, 2013
 
(Thousands)
Assets of Discontinued Operations Held for Sale
 
 
 
Accounts receivable, net

 
79

Inventories

 
23,762

Prepaid expenses and other current assets

 
1,294

Property and equipment, net

 
12,749

Deferred tax asset, non-current

 
2,283

 
$

 
$
40,167

 
March 29, 2014
 
June 29, 2013
 
(Thousands)
Liabilities of Discontinued Operations Held for Sale
 
 
 
Accounts payable

 
2,315

Accrued expenses and other liabilities

 
6,788

Other non-current liabilities

 
8,367

 
$

 
$
17,470

Statements of Operations for Discontinued Operations Held for Sale
The following table presents the statements of operations for the discontinued operations of the Zurich Business:
 
Three Months Ended
 
Nine Months Ended
 
March 29, 2014
 
March 30, 2013
 
March 29, 2014
 
March 30, 2013
 
(Thousands)
 
(Thousands)
Revenues
$

 
$
20,510

 
$
13,896

 
$
67,345

Cost of revenues

 
17,057

 
11,593

 
55,015

Gross profit

 
3,453

 
2,303

 
12,330

Operating expenses

 
4,358

 
3,416

 
12,727

Other income (expense), net
884

 
(565
)
 
62,034

 
202

Income (loss) from discontinued operations before
  income taxes
884

 
(1,470
)
 
60,921

 
(195
)
Income tax provision
500

 
238

 
663

 
693

Income (loss) from discontinued operations
$
384

 
$
(1,708
)
 
$
60,258

 
$
(888
)