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Basis of Presentation (Policies)
9 Months Ended
Mar. 29, 2015
Accounting Policies [Abstract]  
Basis of Presentation
In the opinion of the management of Emulex Corporation (Emulex or the Company), the accompanying unaudited condensed consolidated financial statements contain adjustments, including normal recurring accruals necessary to present fairly the Company’s consolidated financial position, results of operations, comprehensive loss, and cash flows. Interim results for the three and nine months ended March 29, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending June 28, 2015. The accompanying condensed consolidated interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended June 29, 2014. The preparation of the condensed consolidated financial statements requires the use of estimates and actual results could differ materially from management’s estimates.
The accompanying consolidated financial statements include the accounts of Emulex and its wholly-owned subsidiaries. Material intercompany transactions and balances have been eliminated in consolidation.
Fiscal Period
The Company has a 52 or 53-week fiscal year that ends on the Sunday nearest to June 30. Accordingly, every fifth or sixth fiscal year will be a 53-week fiscal year. Fiscal 2015 is a 52-week fiscal year. The last 53-week fiscal year was fiscal 2011.
Supplemental Cash Flow Information
Supplemental Cash Flow Information
 
Nine Months Ended
 
March 29, 2015
 
March 30, 2014
 
(in thousands)
Cash paid during the period for:
 
 
 
Interest
$
1,542

 
$
31

Income taxes
2,996

 
3,395

Non-cash investing and financing activities:
 
 
 
Purchases of property and equipment not paid, net
1,073

 
379

Treasury stock purchases not settled

 
367

Accrued payroll tax withholdings for shares issued to employees

 
5

Release of In-Process Research & Development (IPRD) to Developed Technology

 
8,070

Description of New Accounting Pronouncements Not yet Adopted [Text Block]
Recently Issued Accounting Standards
On May 28, 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, "Revenue from Contracts with Customers" (ASU 2014-09). The Company is currently evaluating the impact on its financial statements of the new revenue recognition guidance, which will become effective for the Company beginning in fiscal 2018.