Investment in leases

12 Months Ended

Jun. 29, 2012

Investment in leases

9. Investment in leases

Investment in direct financing leases primarily consists of manufacturing equipment. The following lists the components of the Company’s investment in direct financing leases as of June 29, 2012 and June 24, 2011:

	June 29, 2012			June 24, 2011
Total minimum lease payments receivable	$	3,522		$	2,026
Estimated residual values of leased equipment		—			—
Investment in direct financing leases		3,522			2,026
Less: unearned income		(186	)		(415	)
	$	3,336		$	1,611
Less: written-off of investment in direct financing leases		(3,336	)		—
Net investment in direct financing leases	$	—		$	1,611

In the second quarter of fiscal 2012, investment in leases of $3,336 was written-off because the underlying assets were damaged in the severe flooding that occurred in Thailand during October and November 2011. This amount has been included in “Expenses related to flooding” in the consolidated statements of operations.