Stockholders' Equity

12 Months Ended

Jun. 30, 2018

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Common Stock

Our restated certificate of incorporation authorizes us to issue up to 275.0 million shares of our common stock.

On September 21, 2016, we entered into an underwriting agreement (the “Underwriting Agreement”) with Jefferies LLC, as representative of the several underwriters (the “Underwriters”), relating to the offering, issuance and sale (the “Offering”) of 15.0 million shares of our common stock, par value $0.01 per share. The price to the public in the Offering was $8.35 per share. Under the terms of the Underwriting Agreement, we granted the Underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock. The option was exercised in full by the Underwriters on September 23, 2016. All of the shares in the Offering were sold by us. The Offering closed on September 27, 2016, subject to customary closing conditions. The net proceeds to us after deducting underwriting discounts and commissions and offering expenses were approximately $135.2 million.

In August 2016, we issued a total of 34,659,972 shares of our common stock in connection with the cancellation of our 6.00% Notes. See Note 4, Credit Line and Notes, for additional information.

Preferred Stock

Our restated certificate of incorporation authorizes us to issue up to 1.0 million shares of preferred stock with designations, rights and preferences determined from time-to-time by our Board of Directors. To date, we have not issued any preferred stock.

Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income, net of tax, are as follows at the dates indicated:

	June 30, 2018			July 1, 2017
	(Thousands)
Currency translation adjustments	$	42,626		$	41,131
Unrealized loss on marketable securities	(4		)	(8		)
Japan defined benefit plan	(101		)	(150		)
Other	26			—
	$	42,547		$	40,973