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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Jul. 01, 2016
Current Assets:    
Cash and cash equivalents $ 35,658 $ 30,479
Restricted cash 541 558
Short-term investments 264 222
Accounts receivable, net 45,945 63,449
Unbilled receivables 12,110 5,117
Inventories 21,794 27,293
Customer service inventories 1,871 3,064
Other current assets 6,402 10,232
Total current assets 124,585 140,414
Property, plant and equipment, net 16,406 18,162
Deferred income taxes 6,178 6,068
Other assets 5,407 1,467
Total long-term assets 27,991 25,697
TOTAL ASSETS 152,576 166,111
Current Liabilities:    
Short-term debt 9,000 9,000
Accounts payable 33,606 33,217
Accrued expenses 21,933 23,205
Advance payments and unearned income 20,004 30,615
Restructuring liabilities 1,475 3,910
Total current liabilities 86,018 99,947
Unearned income 7,062 8,387
Other long-term liabilities 1,022 1,409
Reserve for uncertain tax positions 2,453 1,414
Deferred income taxes 1,681 1,497
Total liabilities 98,236 112,654
Commitments and contingencies (Note 12)
Equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued 0 0
Common stock, $0.01 par value; 300,000,000 shares authorized; 5,317,766 and 5,261,041 shares issued and outstanding as of as of June 30, 2017 and July 1, 2016, respectively 53 53
Additional paid-in-capital 813,733 811,601
Accumulated deficit (748,204) (747,381)
Accumulated other comprehensive loss (11,785) (11,157)
Total Aviat Networks stockholders’ equity 53,797 53,116
Noncontrolling interests 543 341
Total equity 54,340 53,457
TOTAL LIABILITIES AND EQUITY $ 152,576 $ 166,111