Balance Sheet and Other Details (Tables)

12 Months Ended

Jun. 30, 2012

Balance Sheet and Other Details

Schedule of components of accounts receivable reserves and allowances

The components of account receivable reserves and allowances were as follows (in millions):

	Years Ended
	June 30, 2012		July 2, 2011
Allowance for doubtful accounts	$	2.2	$	2.3
Allowance for sales returns and other		0.4		0.5
Total accounts receivable reserves and allowances	$	2.6	$	2.8

Activities and balances for allowance for doubtful accounts

The activities and balances for allowance for doubtful accounts are as follows (in millions):

	Balance at Beginning of Period		Charged to Costs and Expenses		Deduction(1)			Balance at End of Period
Allowance for doubtful accounts:
Year ended June 30, 2012	$	2.3	$	1.8		(1.9	)	$	2.2
Year ended July 2, 2011		2.6		0.5		(0.8	)		2.3
Year ended July 3, 2010		2.3		1.2		(0.9	)		2.6

(1)

Write-offs of uncollectible accounts, net of recoveries.

Schedule of components of inventories

The components of inventories, net were as follows (in millions):

	Years Ended
	June 30, 2012		July 2, 2011
Finished goods	$	89.5	$	86.5
Work in process		37.3		30.4
Raw materials and purchased parts		47.7		54.3
Total inventories, net	$	174.5	$	171.2

Schedule of components of property, plant and equipment

The components of property, plant and equipment, net were as follows (in millions):

	Years Ended
	June 30, 2012			July 2, 2011
Land	$	14.1		$	16.5
Buildings and improvements		35.8			39.9
Machinery and equipment		421.3			370.8
Furniture, fixtures, software and office equipment		166.1			152.4
Leasehold improvements		95.3			86.5
Construction in progress		33.0			36.8
		765.6			702.9
Less: Accumulated depreciation		(512.7	)		(454.0	)
Property, plant and equipment, net	$	252.9		$	248.9

Schedule of components of prepayments and other current assets

The components of prepayments and other current assets were as follows (in millions):

	Years Ended
	June 30, 2012		July 2, 2011
Prepayments	$	30.9	$	33.4
Advances to contract manufacturers		18.4		13.2
Deferred income tax		2.3		2.0
Refundable income taxes		4.7		2.5
Other receivables		13.0		10.0
Other current assets		7.9		9.1
Total prepayments and other current assets	$	77.2	$	70.2

Schedule of components of other current liabilities

The components of other current liabilities were as follows (in millions):

	Years Ended
	June 30, 2012		July 2, 2011
Deferred compensation plan	$	4.6	$	5.7
Warranty accrual		8.1		7.9
VAT liabilities		2.7		3.2
Restructuring accrual		8.6		11.0
Deferred taxes		3.1		1.5
Other		10.8		11.7
Total other current liabilities	$	37.9	$	41.0

Schedule of components of other non-current liabilities

The components of other non-current liabilities were as follows (in millions):

	Years Ended
	June 30, 2012		July 2, 2011
Pension accrual and post-employment benefits	$	85.2	$	81.3
Deferred taxes		4.7		8.6
Restructuring accrual		4.0		4.4
Financing obligation		35.4		33.2
Non-current income taxes payable		9.3		10.2
Asset retirement obligations		9.2		9.4
Long-term deferred revenue		16.1		22.1
Other		12.7		11.7
Total other non-current liabilities	$	176.6	$	180.9

Schedule of components of interest and other income (expense), net

The components of interest and other income (expense), net were as follows (in millions):

	Years Ended
	June 30, 2012			July 2, 2011			July 3, 2010
Interest income	$	3.5		$	3.9		$	6.3
Foreign exchange gains (losses), net		0.3			(1.5	)		(0.7	)
Proceeds from Nortel class action settlement (1)		0.3			0.3			3.4
Proceeds from insurance claims (2)		9.4			—			—
Loss on repurchase of Convertible Notes		(0.7	)		—			—
Gain on equity investments		—			—			2.0
Impairment of investments		(0.3	)		(0.2	)		(1.4	)
Other income (expense), net		(1.3	)		(0.3	)		(1.4	)
Total interest and other income (expense), net	$	11.2		$	2.2		$	8.2

(1)

In February 2001, the Company received approximately 65.7 million shares (the "Nortel Shares") of Nortel Networks Corporation ("Nortel") common stock in connection with the sale of its Zurich, Switzerland subsidiary to Nortel. Beginning in February 2001 Nortel has been involved with two class action lawsuits on behalf of persons who purchased Nortel common stock during the class period. The Company began selling the Nortel Shares in 2001 and had sold all of its holdings by July 2005.

In December 2007, the Company was notified by the settlement administrator that its Proof of Claim and Release submitted in relation to the case had been accepted. The initial distribution of cash and common shares to participants in the settlement was approved in March and April of 2008. The Company continues to periodically receive payments related to the settlement, including approximately $0.3 million in cash during the first quarter of fiscal 2012, approximately $0.3 million in cash during the fourth quarter of fiscal 2011 and approximately $3.4 million in cash during the third quarter of fiscal 2010.

(2)

During the three months ended December 31, 2011, one of Company's primary CCOP segment manufacturing partners, Fabrinet, experienced significant flooding which resulted in suspension of operations for a portion of the quarter. As a result, the Company filed an insurance claim for business interruption and miscellaneous property losses related to the event. During the fourth quarter of fiscal 2012, the Company received $10.5 million net of deductibles from the insurance company of which $9.4 million was recorded in Interest and other income (expense), net.