XML 39 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions
12 Months Ended
Jul. 01, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
RELATED PARTY TRANSACTIONS
During fiscal year 2015, Hitachi, Ltd. (“Hitachi”) was considered our related party based on their ownership interest as disclosed on Schedule 13G with the Securities and Exchange Commission. During the second quarter of fiscal year 2016, Hitachi sold approximately 6.6 million shares of our common stock. Based on a review of public filings, as of July 1, 2017 and July 2, 2016, we believe Hitachi owned less than 5 percent of our outstanding common stock.

We continue to enter into transactions with Hitachi in the normal course of business. Sales to Hitachi were $3.6 million for the year ended June 27, 2015. Purchases from Hitachi were $15.7 million for the year ended June 27, 2015. We also have certain capital equipment leases with Hitachi Capital Corporation and Hitachi High-Technologies 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.