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RELATED PARTY TRANSACTIONS
6 Months Ended
Dec. 27, 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 December 27, 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 $0.8 million and $2.0 million for the three and six months ended December 27, 2014, respectively, and $3.4 million and $4.7 million for the three and six months ended December 28, 2013, respectively. Purchases from Hitachi were $3.9 million and $7.3 million for the three and six months ended December 27, 2014, respectively, and were $4.0 million and $6.7 million for the three and six months ended December 28, 2013, respectively. At December 27, 2014, we had $0.8 million accounts receivable due from Hitachi and $3.7 million accounts payable due to Hitachi. At June 28, 2014 we had $2.7 million accounts receivable due from Hitachi and $4.5 million accounts payable due to Hitachi. We also have certain capital equipment leases with Hitachi Capital Corporation as described in Note 8, Commitments and Contingencies.

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