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Severance liabilities (Tables)
12 Months Ended
Jun. 29, 2012
Severance liabilities
     June 29, 2012     June 24, 2011  

At the beginning of the fiscal year

   $ 4,478      $ 3,456   

Charged to statement of operations

     (58     1,022   
  

 

 

   

 

 

 

At the end of the fiscal year (June)

   $ 4,420      $ 4,478   
  

 

 

   

 

 

 
Severance Liabilities Recognized In Balance Sheet

The amount recognized in the balance sheet under non-current liabilities at fiscal year-end was determined as follows:

 

     June 29, 2012      June 24, 2011  

Present value of defined benefit obligation

   $ 4,420       $ 4,478   
  

 

 

    

 

 

 

Liability in balance sheet

   $ 4,420       $ 4,478   
  

 

 

    

 

 

 
Severance Liabilities Recognized In Statements of Operations

The amount recognized in the statements of operations was as follows:

 

     Year Ended  
     June 29, 2012     June 24, 2011      June 25, 2010  

Current service cost

   $ 474      $ 736       $ 557   

Interest cost

     198        162         126   

Benefit paid

     (81     —           —     

Actuarial loss/(gain) on obligation

     (649     124         76   
  

 

 

   

 

 

    

 

 

 

Total included in staff costs

   $ (58   $ 1,022       $ 759   
  

 

 

   

 

 

    

 

 

 
Principal Actuarial Assumptions Used

The principal actuarial assumptions used were as follows:

 

     Year Ended  
     June 29, 2012      June 24, 2011      June 25, 2010  

Discount rate (percent)

     4.8         4.7         4.5   

Future salary increases (percent)

     4.4         4.3         4.4