Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Jul. 02, 2011

Quarterly Financial Information (Unaudited)

Schedule of quarterly consolidated statements

		July 2, 2011			April 2, 2011			January 1, 2011			October 2, 2010			July 3, 2010			April 3, 2010			January 2, 2009			October 3, 2009
Net revenue		$	471.8		$	454.0		$	473.5		$	405.2		$	390.9		$	332.3		$	342.9		$	297.8
Cost of sales			253.3			240.0			245.6			217.8			217.5			188.1			192.2			168.4
Amortization of acquired technologies			14.4			14.3			14.1			14.1			13.5			12.3			12.5			12.3
Gross profit			204.1			199.7			213.8			173.3			159.9			131.9			138.2			117.1
Operating expenses:
	Research and development		62.7			60.6			60.2			56.4			51.4			42.2			41.5			39.8
	Selling, general and administrative		109.7			110.7			109.5			107.2			103.7			92.3			94.7			92.2
	Amortization of other intangibles		7.6			8.0			8.0			8.6			8.0			6.3			6.5			7.0
	Loss (gain) on disposal and impairment of long-lived assets (2)		1.3			0.2			—			—			(3.5	)		0.5			0.5			0.5
	Restructuring and related charges		4.4			7.6			2.5			0.3			3.4			1.2			8.0			5.1
Total operating expenses			185.7			187.1			180.2			172.5			163.0			142.5			151.2			144.6
Income (loss) from operations			18.4			12.6			33.6			0.8			(3.1	)		(10.6	)		(13.0	)		(27.5	)
Interest and other income (expense), net			0.4			0.2			1.5			0.3			(0.2	)		4.3			2.3			3.2
Interest expense			(6.5	)		(6.2	)		(6.4	)		(6.3	)		(6.2	)		(5.9	)		(6.3	)		(5.9	)
Impairment of investments			—			(0.2	)		—			—			(0.2	)		(0.6	)		(0.6	)		—
Gain (loss) on sale of investments (3)			—			0.1			0.1			3.2			13.2			(0.2	)		(0.1	)		0.2
Income (loss) before income taxes, net			12.3			6.5			28.8			(2.0	)		3.5			(13.0	)		(17.7	)		(30.0	)
Income tax expense (benefit) (4)			3.0			(32.1	)		5.2			(2.1	)		1.8			(1.7	)		1.7			0.7
Gain (loss) from continuing operations, net of tax			9.3			38.6			23.6			0.1			1.7			(11.3	)		(19.4	)		(30.7	)
Loss from discontinued operations, net of tax			—			—			—			—			(0.2	)		(0.6	)		(0.1	)		(1.2	)
Net income (loss)		$	9.3		$	38.6		$	23.6		$	0.1		$	1.5		$	(11.9	)	$	(19.5	)	$	(31.9	)
Net income (loss) per share—basic (1)		$	0.04		$	0.17		$	0.11		$	—		$	0.01		$	(0.05	)	$	(0.09	)	$	(0.15	)
Net income (loss) per share—diluted (1)		$	0.04		$	0.16		$	0.10		$	—		$	0.01		$	(0.05	)	$	(0.09	)	$	(0.15	)
Shares used in per share calculation:
Basic			227.2			225.6			222.9			221.8			220.4			219.4			218.3			217.5
Diluted			235.7			235.4			229.1			227.5			227.6			219.4			218.3			217.5

(1)

Net income (loss) per share is computed independently for each of the quarters presented. Therefore, the sum of the fiscal 2011 quarterly diluted net income per share amounts do not equal the annual diluted net income per share amount.

(2)

For the quarterly period ended July 3, 2010, gain of long-lived asset includes gain on sale of leasehold improvement of $3.5 million relating to the sale of Shenzhen facilities in fiscal 2009, where the Company collected the cash from the Buyer in the current quarter as a result of the Buyer entering into a lease extension with the landlord.

(3)

For the quarterly period ended July 3, 2010, the Company sold 1,606,850 shares of common stock in Fabrinet at $10.00 per share in connection with the initial public offering of Fabrinet and realized a gain of $13.3 million.

(4)

For the quarterly period ended April 2, 2011, the Company determined that it is more likely than not that a portion of the deferred tax assets of a non-US jurisdiction will be realized after considering all positive and negative evidence. Accordingly, a deferred tax valuation allowance release of $34.9 million was recorded as an income tax benefit during the quarter.