INVENTORIES

6 Months Ended

Dec. 25, 2016

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out method) or market. System shipments to Japanese customers, for which title does not transfer until customer acceptance, are classified as finished goods inventory and carried at cost until title transfers. Inventories consist of the following:

	December 25, 2016		June 26, 2016
	(in thousands)
Raw materials	$	565,485	$	536,844
Work-in-process	198,497		151,406
Finished goods	254,909		283,661
	$	1,018,891	$	971,911