BALANCE SHEET DETAILS

Cash and Cash Equivalents

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



	December 26, 2015		June 27, 2015
	(Thousands)
Cash and cash equivalents:
Cash-in-bank	$	114,058	$	110,196
Money market funds	—		1,644
	$	114,058	$	111,840

Restricted Cash

As of December 26, 2015, we had restricted cash of $1.9 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 collateral to secure certain of our credit card accounts and deposits for value-added taxes in foreign jurisdictions.

Inventories

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



	December 26, 2015		June 27, 2015
	(Thousands)
Inventories:
Raw materials	$	23,485	$	19,610
Work-in-process	27,299		19,812
Finished goods	20,497		26,920
	$	71,281	$	66,342

Property and Equipment, Net

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



	December 26, 2015			June 27, 2015
	(Thousands)
Property and equipment, net:
Buildings and improvements	$	11,523		$	11,837
Plant and machinery	41,285			33,603
Fixtures, fittings and equipment	6,255			4,785
Computer equipment	12,026			12,401
	71,089			62,626
Less: Accumulated depreciation	(25,022		)	(20,860		)
	$	46,067		$	41,766

Property and equipment includes assets under capital leases of $3.8 million at December 26, 2015 and $4.7 million at June 27, 2015, respectively. Amortization associated with assets under capital leases is recorded in depreciation expense.

Other Intangibles Assets, Net

The following table summarizes the activity related to our other intangible assets for the six months ended December 26, 2015:



	Core and Current Technology			Development and Supply Agreements			Customer Relationships			Patent Portfolio		Other Intangibles		Amortization			Total
	(Thousands)
Balance at June 27, 2015	$	6,249		$	4,595		$	2,402		$	915	$	3,338	$	(14,920	)	$	2,579
Amortization	—			—			—			—		—		(501		)	(501		)
Translations and adjustments	(5		)	(26		)	(2		)	—		—		—			(33		)
Balance at December 26, 2015	$	6,244		$	4,569		$	2,400		$	915	$	3,338	$	(15,421	)	$	2,045

We expect the amortization of intangible assets to be $0.5 million for the remainder of fiscal year 2016, $0.8 million for fiscal year 2017, $0.6 million for fiscal year 2018 and $0.1 million for fiscal year 2019, based on the current level of our other intangible assets as of December 26, 2015.

Accrued Expenses and Other Liabilities

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



	December 26, 2015		June 27, 2015
	(Thousands)
Accrued expenses and other liabilities:
Trade payables	$	9,236	$	5,250
Compensation and benefits related accruals	14,429		11,298
Warranty accrual	3,097		2,932
Accrued restructuring, current	264		712
Purchase commitments in excess of future demand, current	2,593		3,162
Other accruals	10,611		12,294
	$	40,230	$	35,648

Accrued Restructuring

The following table summarizes the activity related to our accrued restructuring charges for the six months ended December 26, 2015:



	Lease Cancellations, Commitments and Other Charges			Termination Payments to Employees and Related Costs			Total Accrued Restructuring Charges
	(Thousands)
Balance at June 27, 2015	$	228		$	484		$	712
Charged to restructuring costs	—			265			265
Paid or other adjustments	(215		)	(498		)	(713		)
Balance at December 26, 2015	$	13		$	251		$	264
Current portion	13			251			264
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 months ended December 26, 2015, we recorded minimal restructuring charges. During the six months ended December 26, 2015, we recorded restructuring charges of $0.3 million in connection with this restructuring plan, which related to workforce reductions. During the three and six months ended December 27, 2014, we recorded a net reversal of restructuring charges of $0.5 million and a restructuring charge of $0.2 million, respectively, in connection with this restructuring plan. The restructuring charges for the three months ended December 27, 2014 include a $0.7 million reversal of restructuring charges related to revised estimates for certain commitments, partially offset by $0.2 million related to workforce reductions. The restructuring charges for the six months ended December 27, 2014 include $0.3 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 months ended December 26, 2015, we made minimal scheduled payments. During the six months ended December 26, 2015, we made scheduled payments of $0.4 million. During the three and six months ended December 27, 2014, we made scheduled payments of $0.3 million and $1.8 million, respectively. As of December 26, 2015, we had $0.3 million in 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 completed in fiscal year 2015. In connection with this transition, we recorded restructuring charges related to employee separation charges of $0.8 million and $1.8 million during the three and six months ended December 27, 2014, respectively and made scheduled payments of $0.8 million and $2.1 million, respectively, to settle a portion of these restructuring liabilities. As of December 26, 2015 and June 27, 2015, we had no remaining accrued restructuring liabilities related to this restructuring plan.

Common Stock

On November 10, 2015, our stockholders approved an amendment to our Restated Certificate of Incorporation, increasing the number of authorized shares of our common stock from 175.0 million shares to 275.0 million shares.

Accumulated Other Comprehensive Income

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



	December 26, 2015		June 27, 2015
	(Thousands)
Accumulated other comprehensive income:
Currency translation adjustments	$	38,872	$	41,351
Japan defined benefit plan	165		175
	$	39,037	$	41,526