BALANCE SHEET DETAILS

The following table provides details regarding our cash and cash equivalents at the dates indicated:



	March 28, 2015		June 28, 2014
	(Thousands)
Cash and cash equivalents:
Cash-in-bank	$	118,594	$	97,759
Money market funds	1,215		1,214
	$	119,809	$	98,973

As of March 28, 2015, we had restricted cash of $4.3 million, including $0.2 million in other non-current assets, consisting of collateral for the performance of our obligations under certain lease facility agreements and $2.4 million (equivalent to RMB 15 million) of cash held in Oclaro Shenzhen’s bank account in China that was frozen by the Xi'an Court in connection with our litigation with Xi’an Raysung Photonics Inc. (see Note 8, Commitments and Contingencies, for additional details regarding this litigation.)

The following table provides details regarding our inventories at the dates indicated:



	March 28, 2015		June 28, 2014
	(Thousands)
Inventories:
Raw materials	$	17,210	$	20,036
Work-in-process	19,987		20,505
Finished goods	28,149		30,558
	$	65,346	$	71,099

In connection with our sale of the Komoro Business, we transferred approximately $4.6 million in inventories to Ushio Opto during the second quarter of fiscal year 2015.

The following table provides details regarding our property and equipment, net at the dates indicated:



	March 28, 2015			June 28, 2014
	(Thousands)
Property and equipment, net:
Buildings and improvements	$	11,489		$	12,989
Plant and machinery	30,055			47,247
Fixtures, fittings and equipment	5,623			9,701
Computer equipment	12,110			13,723
	59,277			83,660
Less: Accumulated depreciation	(17,876		)	(32,892		)
	$	41,401		$	50,768

In connection with our sale of the Komoro Business, we transferred approximately $3.7 million in property and equipment to Ushio Opto during the second quarter of fiscal year 2015.

Property and equipment includes assets under capital leases of $5.6 million at March 28, 2015 and $9.9 million at June 28, 2014, respectively. Amortization associated with assets under capital leases is recorded in depreciation expense.

The following table summarizes the activity related to our other intangible assets for the nine months ended March 28, 2015:



	Core and Current Technology			Development and Supply Agreements			Customer Relationships			Patent Portfolio		Other Intangibles		Amortization			Total
	(Thousands)
Balance at June 28, 2014	$	8,267		$	4,660		$	5,143		$	915	$	3,338	$	(13,787	)	$	8,536
Sale of Komoro Business	(1,904		)	—			(2,545		)	—		—		—			(4,449		)
Amortization	—			—			—			—		—		(881		)	(881		)
Translations and adjustments	(110		)	(107		)	(197		)	—		—		—			(414		)
Balance at March 28, 2015	$	6,253		$	4,553		$	2,401		$	915	$	3,338	$	(14,668	)	$	2,792

In connection with the sale of our Komoro Business, we transferred other intangible assets with a book value of $4.4 million to Ushio Opto during the second quarter of fiscal year 2015.

With the sale of our Komoro Business, we expect the amortization of intangible assets to be $1.0 million for fiscal year 2015, $0.8 million for each fiscal year 2016 through 2017, $0.7 million for fiscal year 2018, $0.1 million for fiscal year 2019 and $0.1 million thereafter, based on the current level of our other intangible assets as of March 28, 2015.

The following table presents details regarding our accrued expenses and other liabilities at the dates indicated:



	March 28, 2015		June 28, 2014
	(Thousands)
Accrued expenses and other liabilities:
Trade payables	$	5,342	$	18,612
Compensation and benefits related accruals	9,399		10,242
Warranty accrual	3,270		4,672
Accrued restructuring, current	2,459		2,220
Purchase commitments in excess of future demand, current	4,180		—
Other accruals	11,610		15,746
	$	36,260	$	51,492

In connection with our sale of the Komoro Business, we transferred approximately $2.4 million in accrued expenses and other liabilities to Ushio Opto during the second quarter of fiscal year 2015.

The following table summarizes the activity related to our accrued restructuring charges for the nine months ended March 28, 2015:



	Lease Cancellations, Commitments and Other Charges			Termination Payments to Employees and Related Costs			Total Accrued Restructuring Charges
	(Thousands)
Balance at June 28, 2014	$	1,881		$	962		$	2,843
Charged to restructuring costs	(121		)	4,385			4,264
Paid or other adjustments	(1,491		)	(3,157		)	(4,648		)
Balance at March 28, 2015	$	269		$	2,190		$	2,459
Current portion	269			2,190			2,459
Non-current portion	—			—			—

The current portion of accrued restructuring liabilities is included in the caption accrued expenses and other liabilities in the condensed consolidated balance sheet.

During the first quarter of fiscal year 2014, we initiated a restructuring plan to simplify our operating footprint, reduce our cost structure and focus our research and development investment in the optical communications market where we can leverage our core competencies. During the three and nine months ended March 28, 2015, we recorded restructuring charges of $1.5 million and $1.7 million, respectively, in connection with this restructuring plan. The restructuring charges for the three months ended March 28, 2015 relate to workforce reductions. The restructuring charges for the nine months ended March 28, 2015 include $1.8 million related to workforce reductions and a $0.1 million reversal of restructuring charges related to revised estimates for lease cancellations and commitments. During the three and nine months ended March 28, 2015, we made scheduled payments of $0.3 million and $2.0 million, respectively. During the three and nine months ended March 29, 2014, we recorded restructuring charges of $2.2 million and $8.0 million, respectively, in connection with this restructuring plan. The restructuring charges during the three and nine months ended March 29, 2014 related primarily to workforce reductions. During the three and nine months ended March 29, 2014, we made scheduled payments of $4.2 million and $7.3 million, respectively, to settle a portion of these restructuring liabilities. As of March 28, 2015, we had $1.7 million in accrued restructuring liabilities related to this restructuring plan.

In connection with the acquisition of Opnext, we initiated a restructuring plan to integrate our acquisition of Opnext. We recorded no restructuring charges related to this plan during the current year. During the three and nine months ended March 29, 2014, we recorded restructuring charges of zero and $1.1 million, respectively, in connection with this restructuring plan. The restructuring charges recorded in fiscal year 2014 included $0.9 million in external consulting charges and professional fees associated with reorganizing the infrastructure and $0.1 million in revised estimates related to lease cancellations and commitments. During the three and nine months ended March 29, 2014, we made scheduled payments of $0.2 million and $2.2 million, respectively, to settle these restructuring liabilities. As of March 28, 2015, we had no further accrued restructuring liabilities related to this restructuring plan.

During fiscal year 2012, we initiated a restructuring plan in connection with the transfer of a portion of our Shenzhen, China manufacturing operations to Venture Corporation Limited ("Venture"). This transition occurred in a phased and gradual transfer of certain products and was recently completed. In connection with this transition, during the three and nine months ended March 28, 2015, we recorded restructuring charges related to employee separation charges of $0.8 million and $2.6 million, respectively. During the three and nine months ended March 28, 2015, we made scheduled payments of $0.2 million and $2.3 million, respectively, to settle a portion of these restructuring liabilities. During the three and nine months ended March 29, 2014, we recorded restructuring charges related to employee separation charges of $0.9 million and $2.7 million, respectively. During the three and nine months ended March 29, 2014, we made scheduled payments of $1.5 million and $3.8 million, respectively, to settle a portion of these restructuring liabilities. As of March 28, 2015, we had $0.7 million in accrued restructuring liabilities related to this restructuring plan.

We expect to incur an additional $3.0 million to $5.0 million, in aggregate, in restructuring charges in the fourth quarter of fiscal year 2015 in connection with these restructuring plans.

The following table presents the components of accumulated other comprehensive income at the dates indicated:



	March 28, 2015		June 28, 2014
	(Thousands)
Accumulated other comprehensive income:
Currency translation adjustments	$	37,962	$	46,490
Unrealized loss on marketable securities	—		(209		)
Japan defined benefit plan	173		(417		)
	$	38,135	$	45,864