Pericom Semiconductor (PSEM) 10-K 1 Sep 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 27, 2015	Aug. 28, 2015	Dec. 31, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	PERICOM SEMICONDUCTOR CORP
Entity Central Index Key	1,001,426
Document Type	10-K
Document Period End Date	Jun. 27, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--06-27
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		21,856,000
Entity Public Float			$ 266,813,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Current assets:
Cash and cash equivalents	$ 38,773	$ 33,020
Investments in marketable securities	90,304	86,104
Accounts receivable:
Trade (net of reserves and allowances of $1,830 and $2,461)	23,962	24,036
Other receivables	2,377	2,878
Inventories	13,613	12,288
Prepaid expenses and other current assets	3,510	2,458
Deferred income taxes	438	726
Total current assets	172,977	161,510
Property, plant and equipment - net	57,746	58,537
Investments in unconsolidated affiliates	2,311	2,445
Deferred income taxes - non current	2,601	2,460
Intangible assets (net of accumulated amortization of $15,588 and $12,849)	4,057	7,009
Other assets	8,031	8,118
Total assets	247,723	240,079
Current liabilities:
Accounts payable	8,960	8,927
Accrued liabilities	11,425	9,934
Total current liabilities	20,385	18,861
Industrial development subsidy	5,377	6,354
Deferred tax liabilities	4,705	5,460
Noncurrent tax liabilities	1,411	1,041
Other long-term liabilities	236	871
Total liabilities	$ 32,114	$ 32,587
Commitments and contingencies (Note 11)
Shareholders' equity:
Common stock and paid in capital-no par value, 60,000,000 shares authorized; shares issued and outstanding: at June 27, 2015, 22,177,000; at June 28, 2014, 21,974,000	$ 114,248	$ 113,118
Retained earnings	92,346	83,204
Accumulated other comprehensive income, net of tax	9,015	11,170
Total shareholders' equity	215,609	207,492
Total liabilities and shareholders' equity	$ 247,723	$ 240,079

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands, None in scaling factor is -9223372036854775296	Jun. 27, 2015	Jun. 28, 2014
Balance Sheets [Abstract]
Net of reserves and allowances of trade receivables	$ 1,830	$ 2,461
Accumulated amortization on intangible assets	$ 15,588	$ 12,849
Common stock and paid in capital, par value (in dollars per share)
Common stock and paid in capital, shares authorized	60,000,000	60,000,000
Common stock and paid in capital, shares issued	22,177,000	21,974,000
Common stock and paid in capital, shares outstanding	22,177,000	21,974,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Statements of Operations [Abstract]
Net revenues	$ 128,835	$ 128,068	$ 129,255
Cost of revenues	71,021	76,983	81,388
Gross profit	57,814	51,085	47,867
Operating expenses:
Research and development	17,853	19,795	21,017
Selling, general and administrative	$ 29,998	$ 30,320	29,581
Goodwill impairment			16,899
Total operating expenses	$ 47,851	$ 50,115	67,497
Income (loss) from operations	9,963	970	(19,630)
Interest and other income, net	$ 4,452	$ 2,792	4,043
Interest expense			(19)
Income (loss) before income taxes	$ 14,415	$ 3,762	(15,606)
Income tax expense (benefit)	2,765	(230)	6,223
Net income (loss) from consolidated companies	11,650	3,992	(21,829)
Equity in net income of unconsolidated affiliates	175	132	215
Net income (loss)	$ 11,825	$ 4,124	$ (21,614)
Basic income (loss) per share	$ 0.53	$ 0.18	$ (0.93)
Diluted income (loss) per share	$ 0.52	$ 0.18	$ (0.93)
Shares used in computing basic earnings (loss) per share	22,206	22,594	23,251
Shares used in computing diluted earnings (loss) per share	22,716	22,797	23,251
Dividends declared and paid per share	$ 0.12

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Statements of Comprehensive Income (Loss) [Abstract]
Net income (loss)	$ 11,825	$ 4,124	$ (21,614)
Other comprehensive income:
Change in unrealized gain (loss) on securities available-for-sale, net	(279)	925	(1,005)
Foreign currency translation adjustment	(2,046)	394	1,260
Tax benefit (provision) related to other comprehensive income	170	(369)	386
Other comprehensive income, net of tax	(2,155)	950	641
Comprehensive income (loss)	$ 9,670	$ 5,074	$ (20,973)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss), Net
Balance at Jun. 30, 2012	$ 233,635	$ 123,362	$ 100,694	$ 9,579
Balance (Shares) at Jun. 30, 2012		23,565
Net income	(21,614)		(21,614)
Change in unrealized gain on investments, net	(619)			(619)
Currency translation adjustment	1,260			1,260
Issuance of common stock under employee stock plans	797	$ 797
Issuance of common stock under employee stock plans (Shares)		348
Share-based compensation expense	3,339	$ 3,339
Tax expense resulting from share-based transactions	(134)	(134)
Repurchase and retirement of common stock	(7,773)	$ (7,773)
Repurchase and retirement of common stock (Shares)		(1,100)
Balance at Jun. 29, 2013	208,891	$ 119,591	79,080	$ 10,220
Balance (Shares) at Jun. 29, 2013		22,813
Net income	4,124		$ 4,124
Change in unrealized gain on investments, net	556			$ 556
Currency translation adjustment	394			$ 394
Issuance of common stock under employee stock plans	2,344	$ 2,344
Issuance of common stock under employee stock plans (Shares)		515
Share-based compensation expense	2,777	$ 2,777
Tax expense resulting from share-based transactions	(278)	(278)
Repurchase and retirement of common stock	(11,316)	$ (11,316)
Repurchase and retirement of common stock (Shares)		(1,354)
Balance at Jun. 28, 2014	207,492	$ 113,118	$ 83,204	$ 11,170
Balance (Shares) at Jun. 28, 2014		21,974
Net income	11,825		$ 11,825
Change in unrealized gain on investments, net	(109)			$ (109)
Currency translation adjustment	(2,046)			$ (2,046)
Dividends declared and paid	(2,683)		$ (2,683)
Issuance of common stock under employee stock plans	8,107	$ 8,107
Issuance of common stock under employee stock plans (Shares)		1,141
Share-based compensation expense	3,994	$ 3,994
Tax expense resulting from share-based transactions	(107)	(107)
Repurchase and retirement of common stock	(10,864)	$ (10,864)
Repurchase and retirement of common stock (Shares)		(938)
Balance at Jun. 27, 2015	$ 215,609	$ 114,248	$ 92,346	$ 9,015
Balance (Shares) at Jun. 27, 2015		22,177

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 11,825	$ 4,124	$ (21,614)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	9,084	10,023	11,208
Share-based compensation	3,971	2,792	3,340
Tax benefit resulting from share-based transactions	1,786	700	492
Excess tax benefit resulting from share-based transactions	$ (483)	(41)	$ (4)
Write-off of government subsidy receivable		843
Gain on sale of investments	$ (238)	(179)	$ (1,013)
Write-off of property and equipment	$ 580	$ 343	475
Goodwill impairment			16,899
Equity in net income of unconsolidated affiliates	$ (175)	$ (132)	(215)
Deferred taxes	(414)	90	(182)
Changes in assets and liabilities net of effects of entities acquired:
Accounts receivable	51	(2,229)	2,475
Inventories	(1,553)	2,602	1,884
Prepaid expenses and other current assets	(1,075)	245	188
Other assets	43	338	151
Accounts payable	(990)	(3,404)	(2,768)
Accrued liabilities	(290)	349	(956)
Other long-term liabilities	(299)	(1,917)	654
Net cash provided by operating activities	21,823	14,547	11,014
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property plant and equipment	(5,700)	(4,950)	(13,231)
Purchase of available-for-sale investments	(88,517)	(58,359)	(92,993)
Maturities and sales of available-for-sale investments	83,559	59,799	109,525
Net cash provided by (used in) investing activities	(10,658)	(3,510)	3,301
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from common stock issuance under stock plans	8,107	2,344	797
Excess tax benefit resulting from share-based transactions	483	$ 41	$ 4
Cash dividends paid	$ (2,683)
Proceeds from short-term debt		$ 514	$ 3,992
Payments on short-term debt		(514)	(5,398)
Repurchase of common stock	$ (10,864)	(11,316)	(7,773)
Net cash used in financing activities	(4,957)	(8,931)	(8,378)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(455)	70	624
NET INCREASE IN CASH AND CASH EQUIVALENTS	5,753	2,176	6,561
CASH AND CASH EQUIVALENTS:
Beginning of year	33,020	30,844	24,283
End of year	38,773	33,020	30,844
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for income taxes	$ 2,233	$ 1,378	4,467
Cash paid during the period for interest			$ 21

Business and Significant Accoun

Business and Significant Accounting Policies	12 Months Ended
	Jun. 27, 2015
Business and Significant Accounting Policies [Abstract]
BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	1. BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES Pericom Semiconductor Corporation (the “Company” or “Pericom”) was incorporated in June 1990 in the state of California. The Company designs, manufactures and markets high performance digital, analog and mixed-signal integrated circuits (“ICs”) and frequency control products (“FCPs”) used for the transfer, routing, and timing of digital and analog signals within and between computer, networking, datacom and telecom systems. USE OF ESTIMATES BASIS OF PRESENTATION FISCAL PERIOD CASH EQUIVALENTS INVESTMENTS IN MARKETABLE SECURITIES As of June 27, 2015 and June 28, 2014, investments, and any difference between the fair market value and the underlying amortized cost of such investments, consisted of the following: Available-for-Sale Securities: As of June 27, 2015 (in thousands) Amortized Unrealized Unrealized Net Fair Available-for-Sale Securities Time deposits $ 22,157 $ — $ — $ — $ 22,157 National government and agency securities 4,612 64 (3 ) 61 4,673 State and municipal bond obligations 4,488 13 (11 ) 2 4,490 Corporate bonds and notes 46,889 168 (200 ) (32 ) 46,857 Asset backed securities 6,994 12 (20 ) (8 ) 6,986 Mortgage backed securities 5,143 11 (13 ) (2 ) 5,141 Total $ 90,283 $ 268 $ (247 ) $ 21 $ 90,304 As of June 28, 2014 (in thousands) Amortized Unrealized Unrealized Net Fair Available-for-Sale Securities Time deposits $ 17,693 $ — $ — $ — $ 17,693 Repurchase agreements 500 — — — 500 US Treasury securities 526 1 — 1 527 National government and agency securities 4,962 95 (2 ) 93 5,055 State and municipal bond obligations 7,090 63 (4 ) 59 7,149 Corporate bonds and notes 42,675 249 (143 ) 106 42,781 Asset backed securities 7,592 28 (6 ) 22 7,614 Mortgage backed securities 4,766 26 (7 ) 19 4,785 Total $ 85,804 $ 462 $ (162 ) $ 300 $ 86,104 The following tables show the gross unrealized losses and fair values of the Company’s investments that have unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of June 27, 2015 and June 28, 2014: Continuous Unrealized Losses at June 27, 2015 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized National government and agency securities $ 1,411 $ 3 $ 190 $ — $ 1,601 $ 3 State and municipal bond obligations 928 4 1,077 7 2,005 11 Corporate bonds and notes 20,621 188 2,893 12 23,514 200 Asset backed securities 1,961 16 1,061 4 3,022 20 Mortgage backed securities 2,023 12 336 1 2,359 13 $ 26,944 $ 223 $ 5,557 $ 24 $ 32,501 $ 247 Continuous Unrealized Losses at June 28, 2014 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized National government and agency securities $ 282 $ 1 $ 91 $ 1 $ 373 $ 2 State and municipal bond obligations — — 695 4 695 4 Corporate bonds and notes 3,901 11 5,801 132 9,702 143 Asset backed securities 895 1 1,195 5 2,090 6 Mortgage backed securities 1,083 3 504 4 1,587 7 $ 6,161 $ 16 $ 8,286 $ 146 $ 14,447 $ 162 The unrealized losses are of a temporary nature due to the Company’s intent and ability to hold the investments until maturity or until the cost is recoverable. The unrealized losses are primarily due to fluctuations in market interest rates. The Company reports unrealized gains and losses on its “available-for-sale” securities in accumulated other comprehensive income, net of tax, in shareholders’ equity. The Company records gains or losses realized on sales of available-for-sale securities in interest and other income, net on its consolidated statements of operations. The cost of securities sold is based on the specific identification of the security and its amortized cost. In fiscal 2015, 2014 and 2013, realized gains on available-for-sale securities were $238,000, $179,000 and $1.0 million, respectively. The following table lists the fair value of the Company’s short-term investments by length of time to maturity as of June 27, 2015 and June 28, 2014: (in thousands) June 27, June 28, One year or less $ 23,751 $ 24,963 Between one and three years 40,357 24,242 Greater than three years 20,678 30,449 Multiple dates 5,518 6,450 $ 90,304 $ 86,104 Securities with maturities over multiple dates are mortgage-backed securities (“MBS”) or asset-backed securities (“ABS”) featuring periodic principle paydowns through 2041. FAIR VALUE OF FINANCIAL INSTRUMENTS ALLOWANCE FOR DOUBTFUL ACCOUNTS INVENTORIES results may vary from forecast or other assumptions, potentially affecting the Company’s assessment of excess and obsolete inventory, resulting in material effects on gross margin. The inventories of the remainder of the FCP products are recorded at the lower of weighted-average cost, which approximates actual cost, or market value. Weighted average cost is comprised of average manufacturing costs weighted by the volume produced in each production run. Market value is defined as the net realizable value for finished goods, and replacement cost for raw materials and work in process. Raw material inventory is considered slow moving and is fully reserved if it has not moved in 365 days. For assembled devices, the inventory is disaggregated by part number. The quantities on hand in each part number category are compared to the quantity that was shipped in the previous twelve months, the quantity in backlog and to the quantity expected to ship in the next twelve months. A reserve is recorded to the extent the value of each quantity on hand is in excess of the lesser of the three comparisons. The Company also periodically reviews inventory for obsolescence beyond the established formulaic tests. The Company believes this method of evaluating inventory fairly represents market conditions. The Company considers the reserved material to be available-for-sale. The reserved inventory is not revalued should market conditions change or if a market develops for the obsolete inventory. In the past, the Company has sold obsolete inventory that was previously fully reserved. PROPERTY, PLANT AND EQUIPMENT INVESTMENTS IN UNCONSOLIDATED AFFILIATES OTHER ASSETS LONG-LIVED ASSETS INCOME TAXES The Internal Revenue Service completed their examination of the Company’s federal tax returns for fiscal 2010 and 2011 during fiscal 2014, and additional tax payments of approximately $208,000 were made in fiscal 2014, including interest charges for the two years that were examined. The Company had previously accrued for this exposure. FOREIGN CURRENCY TRANSLATION SHARE-BASED COMPENSATION REVENUE RECOGNITION • Persuasive evidence of an arrangement exists; • Delivery has occurred; • The sales price is fixed or determinable; and • Collectibility is reasonably assured. Generally, the Company meets these conditions upon shipment because, in most cases, title and risk of loss passes to the customer at that time. In addition, the Company estimates and records provisions for future returns and other charges against revenue at the time of shipment consistent with the terms of sale. The Company sells products to large, domestic distributors at the price listed in its price book for that distributor. At the time of sale, the Company records a sales reserve for ship from stock and debits (“SSD”s), stock rotations, return material authorizations (“RMA”s), authorized price protection programs, and any special programs approved by management. The Company offsets the sales reserve against revenues, producing the net revenue amount reported in the consolidated statements of operations. The market price for the Company’s products can be significantly different from the book price at which the Company sold the product to the distributor. When the market price, as compared to the Company’s original book price, of a particular distributor’s sales opportunity to their own customer would result in low or negative margins for our distributor, the Company negotiates a ship from stock and debit with the distributor. Management analyzes the Company’s SSD history to develop current SSD rates that form the basis of the SSD sales reserve recorded each period. The Company obtains the historical SSD rates from its internal records. The Company’s distribution agreements provide for semi-annual stock rotation privileges of typically 10% of net sales for the previous six-month period. The contractual stock rotation applies only to shipments at the Company’s listed book price. Asian distributors typically buy the Company’s product at less than standard price and therefore are not entitled to the 10% stock rotation privilege. In order to provide for routine inventory refreshing, for the Company’s benefit as well as theirs, the Company grants Asian distributors stock rotation privileges between 1% and 10% even though the Company is not contractually obligated to do so. Each month the Company adjusts the sales reserve for the estimated stock rotation privilege anticipated to be utilized by the distributors. From time to time, customers may request to return parts for various reasons including the customers’ belief that the parts are not performing to specification. Many such return requests are the result of customers incorrectly using the parts, not because the parts are defective. Management reviews these requests and, if approved, the Company prepares a RMA. The Company is only obligated to accept defective parts returns. To accommodate the Company’s customers, the Company may approve particular return requests, even though it is not obligated to do so. Each month the Company records a sales reserve for approved RMAs covering products that have not yet been returned. The Company does not maintain a general warranty reserve because, historically, valid warranty returns, which are the result of a part not meeting specifications or being non-functional, have been immaterial and the Company can frequently resell returned parts to other customers for use in other applications. The Company monitors and assesses RMA activity and overall materiality to assess whether a general warranty reserve has become appropriate. The Company grants price protection solely at the discretion of Pericom management. The purpose of price protection is to reduce the distributor’s cost of inventory as market prices fall thus reducing SSD rates. Pericom sales management prepares price protection proposals for individual products located at individual distributors. Pericom management reviews and approves or disapproves these proposals. If a particular price protection arrangement is approved, the Company estimates the dollar impact based on the sales price reduction per unit for the products approved and the number of units of those products in that distributor’s inventory. The Company records a sales reserve in that period for the estimated amount at the time revenue is recognized. At the discretion of Pericom management, the Company may offer rebates on specific products sold to specific end customers. The purpose of the rebates is to allow for pricing adjustments for large programs without affecting the pricing the Company charges its distributor customers. The Company records the rebate at the time of shipment. Pericom typically grants payment terms of between 30 and 60 days to its customers. The Company’s customers generally pay within those terms. The Company grants relatively few customers sales terms that include cash discounts. Distributors are invoiced for shipments at listed book price. When the distributors pay the Company’s invoices, they may claim debits for SSDs, stock rotations, cash discounts, RMAs and price protection when appropriate. Once claimed, the Company processes the requests against the prior authorizations and reduces the reserve previously established for that customer. The revenue the Company records for sales to its distributors is net of estimated provisions for these programs. When determining this net revenue, the Company must make significant judgments and estimates. The Company bases its estimates on historical experience rates, inventory levels in the distribution channel, current trends and other related factors. However, because of the inherent nature of estimates, there is a risk that there could be significant differences between actual amounts and the Company’s estimates. The Company’s financial condition and operating results depend on its ability to make reliable estimates and Pericom believes that such estimates are reasonable. PRODUCT WARRANTY SHIPPING COSTS CONCENTRATION OF CREDIT RISK The following table indicates the percentage of our net revenues and accounts receivable in excess of 10% with any single customer: Percentage of Fiscal Year Ended: Net Trade June 27, 2015 Customer A 20 % 16 % Customer B 19 23 All others 61 61 100 % 100 % June 28, 2014 Customer A 26 % 29 % Customer B 10 8 All others 64 63 100 % 100 % June 29, 2013 Customer A 21 % 28 % Customer B 12 7 All others 67 65 100 % 100 % The Company maintains cash, cash equivalents and short-term investments with various high credit quality financial institutions. The Company has designed its investment policy to limit exposure to any one institution. The Company performs periodic evaluations of the relative credit standing of those financial institutions that manage its investments. The Company is exposed to credit risk in the event of default by the financial institutions or issuers of securities to the extent of the amounts reported in the consolidated balance sheets. RECENTLY ISSUED ACCOUNTING STANDARDS Simplifying the Measurement of Inventory In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers EARNINGS (LOSS) PER SHARE Basic and diluted earnings (loss) per share for each of the three years in the period ended June 27, 2015 is as follows: Fiscal Year Ended (in thousands, except for per share data) June 27, June 28, June 29, Net income (loss) $ 11,825 $ 4,124 $ (21,614 ) Computation of common shares outstanding — basic earnings (loss) per share: Weighted average shares of common stock 22,206 22,594 23,251 Basic earnings (loss) per share $ 0.53 $ 0.18 $ (0.93 ) Computation of common shares outstanding — diluted earnings (loss) per share: Weighted average shares of common stock 22,206 22,594 23,251 Dilutive shares using the treasury stock method 510 203 — Shares used in computing diluted earnings (loss) per share 22,716 22,797 23,251 Diluted earnings (loss) per share $ 0.52 $ 0.18 $ (0.93 ) As the Company incurred a loss for the year ended June 29, 2013, diluted loss per share is the same as basic loss per share since the addition of any contingently issuable share would be anti-dilutive. Options to purchase 616,000 shares of common stock were outstanding during the year ended June 27, 2015 and were excluded from the computation of diluted net earnings per share because such options and restricted stock units were anti-dilutive. Options to purchase 1.9 million shares of common stock, and restricted stock units of 1,138 shares were outstanding during the year ended June 28, 2014 and were excluded from the computation of diluted net earnings per share because such options and units were anti-dilutive. Options to purchase 2.4 million shares of common stock, and restricted stock units of 525,000 shares were outstanding during the year ended June 29, 2013 and were excluded from the computation of diluted net loss per share because such options and units were anti-dilutive.

Other Receivables

Other Receivables	12 Months Ended
	Jun. 27, 2015
Other Receivables [Abstract]
OTHER RECEIVABLES	2. OTHER RECEIVABLES Other receivables consist of: As of the year ended (in thousands) June 27, June 28, Interest receivable $ 1,267 $ 1,516 VAT and other tax receivables 471 1,031 Other accounts receivable 639 331 $ 2,377 $ 2,878

Inventories

Inventories	12 Months Ended
	Jun. 27, 2015
Inventories [Abstract]
INVENTORIES	3. INVENTORIES Inventories consist of: As of the year ended (in thousands) June 27, June 28, Finished goods $ 4,552 $ 3,991 Work-in-process 2,812 2,468 Raw materials 6,249 5,829 $ 13,613 $ 12,288 As of June 27, 2015, the Company had reserved for $2.8 million of inventory as compared to $3.2 million at June 28, 2014.

Property, Plant And Equipment -

Property, Plant And Equipment - Net	12 Months Ended
	Jun. 27, 2015
Property, Plant and Equipment - Net [Abstract]
PROPERTY, PLANT AND EQUIPMENT - NET	4. PROPERTY, PLANT AND EQUIPMENT — NET As of the year ended (in thousands) June 27, June 28, Machinery and equipment $ 56,595 $ 55,408 Buildings 36,594 36,196 Computer equipment and software 14,858 13,742 Land 9,622 9,473 Furniture and fixtures 1,250 1,218 Leasehold improvements 499 595 Vehicles 116 151 Total 119,534 116,783 Accumulated depreciation and amortization (63,594 ) (59,500 ) Construction-in-progress 1,806 1,254 Property, plant and equipment — net $ 57,746 $ 58,537 Depreciation expense for the years ended June 27, 2015, June 28, 2014 and June 29, 2013 was $5.7 million, $6.4 million and $7.4 million, respectively.

Other Assets

Other Assets	12 Months Ended
	Jun. 27, 2015
Other Assets [Abstract]
OTHER ASSETS	5. OTHER ASSETS As of the year ended (in thousands) June 27, June 28, Land use rights $ 6,365 $ 6,631 Investments in privately held companies 1,224 1,243 Deposits 109 118 Other 333 126 Total $ 8,031 $ 8,118 The Company purchased land use rights from the PRC in 2008 for the construction of its Jinan facility and its operation for a period of 50 years. In addition, the PTI acquisition in 2011 included land use rights for PTI’s properties in Shanghai. The Company has investments in certain privately held companies which it accounts for under the cost method. The Company reviews these investments for impairment on a periodic basis. No impairment charges relating to investments in privately held companies were recorded during fiscal 2015, 2014 or 2013.

Investment in Unconsolidated Af

Investment in Unconsolidated Affiliate	12 Months Ended
	Jun. 27, 2015
Investments in Unconsolidated Affiliate [Abstract]
INVESTMENT IN UNCONSOLIDATED AFFILIATE	6. INVESTMENT IN UNCONSOLIDATED AFFILIATE The Company’s investment in unconsolidated affiliate is comprised of the following: As of the year ended (in thousands) June 27, June 28, Jiyuan Crystal Photoelectric Frequency Technology Ltd. $ 2,311 $ 2,445 PSE-TW has a 49% equity interest in Jiyuan Crystal Photoelectric Frequency Technology Ltd. (“JCP”), an FCP manufacturing company located in Science Park of Jiyuan City, Henan Province, China. JCP is a key manufacturing partner of PSE-TW. For fiscal 2015, the Company’s investment in JCP increased by the $175,000 allocated portion of JCP’s income and decreased by a JCP declared dividend ($117,000) as well as the impact of currency exchange rates over the year. For fiscal 2014, the Company’s investment in JCP increased by the $132,000 allocated portion of JCP’s income, and decreased by a $212,000 JCP declared dividend. The Company holds or has held ownership interests in various other privately held companies. The ownership in these affiliates varied from 20% to approximately 49%. For those companies in which the ownership interest is more than 20% and in which the Company has the ability to exercise significant influence on the affiliate’s operations, the investment is valued using the equity method of accounting. As of June 27, 2015, the amount of consolidated retained earnings of the Company represented by undistributed earnings of 50% or less entities accounted for by the equity method was approximately $4.1 million.

Intangible Assets

Intangible Assets	12 Months Ended
	Jun. 27, 2015
Intangible Assets [Abstract]
INTANGIBLE ASSETS	7. INTANGIBLE ASSETS The Company’s acquired intangible assets associated with completed acquisitions for each of the following fiscal years are composed of: As of the year ended June 27, 2015 June 28, 2014 (in thousands) Gross Accumulated Net Gross Accumulated Net Customer relationships $ 6,008 $ (4,862 ) $ 1,146 $ 6,056 $ (3,913 ) $ 2,143 In process research and development 3,539 (2,543 ) 996 3,564 (1,959 ) 1,605 Core developed technology 9,712 (8,183 ) 1,529 9,838 (6,977 ) 2,861 Total amortizable purchased intangible assets 19,259 (15,588 ) 3,671 19,458 (12,849 ) 6,609 SaRonix trade name 386 — 386 400 — 400 Total purchased intangible assets $ 19,645 $ (15,588 ) $ 4,057 $ 19,858 $ (12,849 ) $ 7,009 Amortization expense related to finite-lived purchased intangible assets was approximately $2.9 million in fiscal 2015, $3.0 million in fiscal 2014 and $3.1 million in fiscal 2013. The Company performs an annual impairment review of its long-lived assets, including its intangible assets. Based on the results of its most recent annual impairment tests, the Company determined that no impairment of the intangible assets existed as of June 27, 2015 or June 28, 2014. However, future impairment tests could result in a charge to earnings. The finite-lived purchased intangible assets consist of customer relationships, capitalized in-process research and development and core developed technology, which have remaining useful lives of approximately two years. We expect our future amortization expense over the next five years associated with these assets to be: (in thousands) 2016 2017 2018 and Total Expected Amortization Customer relationships $ 982 $ 164 $ — $ 1,146 In process research and development 590 406 — 996 Core developed technology 1,311 218 — 1,529 $ 2,883 $ 788 $ — $ 3,671

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Jun. 27, 2015
Accrued Liabilities [Abstract]
ACCRUED LIABILITIES	8. ACCRUED LIABILITIES Accrued liabilities consist of: As of the year ended (in thousands) June 27, June 28, Accrued compensation $ 6,489 $ 6,892 Income taxes payable 2,280 1,140 Sales commissions 347 307 Other accrued expenses 2,309 1,595 $ 11,425 $ 9,934

Debt

Debt	12 Months Ended
	Jun. 27, 2015
Debt [Abstract]
DEBT	9. DEBT As of June 27, 2015 and June 28, 2014, the Company had no outstanding debt. However, the Company’s subsidiary PSE-TW has three loan and credit facilities in place for equipment purchases or inventory financing via short term loans, letters of credit, and trade financing. The first is an unsecured facility for $100 million New Taiwan Dollars (“NTD”), or approximately U.S. $3.2 million. Loans under this facility are limited to $70 million NTD (U.S. $2.3 million), are for up to 180 days, and are based on the Taiwan Interbank Offered Rate (“TAIBOR”) plus 1.25% and may be in NTD, USD, Japanese yen (“JPY”) or other currencies. The second is an unsecured facility for $80 million NTD (U.S. $2.6 million). Loans under this facility are limited to $60 million NTD (U.S. $1.9 million), are for up to 180 days, with the interest rate determined on a case by case basis, and may be in NTD, USD, or JPY. The third is a secured facility for up to either $200 million NTD or $6.0 million USD. The loans are for up to 180 days, and may be in NTD, USD, JPY or other currencies, with the interest rate based on a spread over various benchmark rates depending upon the currency.

Restricted Assets

Restricted Assets	12 Months Ended
	Jun. 27, 2015
Restricted Assets [Abstract]
RESTRICTED ASSETS	10. RESTRICTED ASSETS As of June 27, 2015 and June 28, 2014, the Company had pledged and restricted assets of $4.0 million and $4.2 million, respectively, consisting of land and buildings PSE-TW has pledged for its $200 million NTD loan and credit facility, as noted above.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 27, 2015
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES The future minimum commitments at June 27, 2015 are as follows: Fiscal Year (in thousands) 2016 2017 2018 2019 2020 Thereafter Total Operating lease payments $ 423 $ 290 $ 252 $ 9 $ 9 $ 4 $ 987 Capital equipment purchase commitments 11 — — — — — 11 Facility modification commitments 660 17 — — — — 677 Total $ 1,094 $ 307 $ 252 $ 9 $ 9 $ 4 $ 1,675 The operating lease commitments are primarily facility leases at certain of the Company’s Asian subsidiaries. The facility modification commitments have been made at the Company’s Shandong, China manufacturing operation for a general contractor and architecture firm to develop feasibility studies, plans and cost estimates for potential additional development of the plant site. Building permits have been applied for, and site preparation has begun. The Company has no purchase obligations other than routine purchase orders and the facility modifications shown in the table as of June 27, 2015. Rent expense during the fiscal years ended June 27, 2015, June 28, 2014 and June 29, 2013 was $588,000, $801,000 and $2.0 million, respectively.

Industrial Development Subsidy

Industrial Development Subsidy	12 Months Ended
	Jun. 27, 2015
Industrial Development Subsidy [Abstract]
INDUSTRIAL DEVELOPMENT SUBSIDY	12. INDUSTRIAL DEVELOPMENT SUBSIDY As of June 27, 2015, industrial development subsidies in the amount of $11.9 million have been earned and applied for by PSE-SD from the Jinan Hi-Tech Industries Development Zone Commission based on meeting certain pre-defined criteria. The subsidies may be used for the acquisition of assets or to cover business expenses. When a subsidy is used to acquire assets, the subsidy will be amortized over the useful life of the asset. When a subsidy is used for expenses incurred, the subsidy is regarded as earned upon the incurrence of the expenditure. The remaining balance of the subsidies at June 27, 2015 was $5.4 million, which is expected to be recognized over the next five to seven years. The remaining balance of the subsidies at June 28, 2014 was $6.4 million. A portion of the industrial development subsidies had been recorded as a receivable. As of June 28, 2014, the Company concluded that the remaining $843,000 of receivables will not be paid and accordingly the balance was written off. The Company recognized $747,000, $755,000 and $1.3 million of industrial development subsidy as a reduction of cost of goods sold and $185,000, $187,000 and $183,000 of industrial development subsidy as a reduction of operating expenses in the consolidated statements of operations for the years ended June 27, 2015, June 28, 2014 and June 29, 2013, respectively.

Equity and Comprehensive Income

Equity and Comprehensive Income	12 Months Ended
	Jun. 27, 2015
Equity and Comprehensive Income [Abstract]
EQUITY AND COMPREHENSIVE INCOME	13. EQUITY AND COMPREHENSIVE INCOME Comprehensive income (loss) consists of net income (loss), changes in net unrealized gains (losses) on available-for-sale investments and changes in cumulative currency translation adjustments at consolidated subsidiaries. As of June 29, 2015, accumulated other comprehensive income of $9.0 million consists of $9.0 million of accumulated currency translation gains and $21,000 of net unrealized gains on available-for-sale investments, which was recorded net of a $2,000 tax benefit. As of June 28, 2014, accumulated other comprehensive income of $11.2 million consists of $11.0 million of accumulated currency translation gains and $300,000 of net unrealized gains on available-for-sale investments, which was recorded net of a $168,000 tax provision.

Shareholders' Equity and Share-

Shareholders' Equity and Share-Based Compensation	12 Months Ended
	Jun. 27, 2015
Shareholders' Equity and Share-Based Compensation [Abstract]
SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION	14. SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION PREFERRED STOCK The Company’s shareholders have authorized the Board of Directors to issue 5,000,000 shares of currently undesignated preferred stock from time to time in one or more series and to fix the rights, privileges and restrictions of each series. As of June 27, 2015, the Company has issued no shares of preferred stock. STOCK INCENTIVE PLANS At June 27, 2015, the Company had three stock incentive plans and one employee stock purchase plan, including the 2001 Stock Option Plan, 2004 Stock Incentive Plan, 2014 Stock Award and Incentive Compensation Plan (collectively, the “Plans”) and the 2010 Employee Stock Purchase Plan (“ESPP”). The Company’s aggregate compensation cost due to option and restricted and performance stock unit grants and the ESPP for the twelve months ended June 27, 2015 totaled $4.0 million, as compared with $2.8 million and $3.3 million for fiscal 2014 and 2013, respectively. The Company recognized $1.3 million, $910,000 and $1.1 million in income tax benefit in the consolidated statements of operations for fiscal 2015, 2014 and 2013, respectively, related to the Company’s share-based compensation arrangements. The net impact of share-based compensation for the fiscal years ended June 27, 2015, June 28, 2014 and June 29, 2013 was a charge to net income (loss) of $2.7 million, $1.9 million and $2.2 million, respectively, or a charge of $0.12, $0.08 and $0.10 per diluted share, respectively. Under the Plans, the Company has reserved 6.4 million shares of common stock as of June 27, 2015 for issuance to employees, officers, directors, independent contractors and consultants of the Company in the form of incentive and nonqualified stock options and restricted and performance stock units. The Company may grant options at the fair value on grant date for incentive stock options and nonqualified stock options. Options vest over periods of generally 48 months as determined by the Board of Directors. Options granted under the Plans expire 10 years from the grant date. The Company estimates the fair value of each employee option on the date of grant using the Black-Scholes option valuation model and expenses that value as compensation using a straight-line method over the option’s vesting period, which corresponds to the requisite employee service period. The Company estimates expected stock price volatility based on actual historical volatility for periods that the Company believes represent predictors of future volatility. The Company uses historical data to estimate option exercises, expected option holding periods and option forfeitures. The Company bases the risk-free interest rate on the U.S. Treasury note yield for periods equal to the expected term of the option. The following table lists the weighted-average assumptions the Company used to value stock options: Fiscal Year Ended June 27, 2015 June 28, 2014 June 29, 2013 Expected life 5.9 years 5.9 years 5.9 years Risk-free interest rate 1.74% 1.47% 1.05% Volatility 49% 52% 54% Dividend yield 0.00% 0.00% 0.00% The following table summarizes the Company’s stock option plans as of July 1, 2012 and changes during the three fiscal periods ended June 27, 2015: Outstanding Options Options Shares Weighted Weighted Aggregate (in thousands) (years) (in thousands) Options outstanding at June 30, 2012 2,453 $ 10.34 5.12 $ 912 Options granted (weighted average grant date fair value of $4.06) 233 8.07 Options exercised (6 ) 7.87 Options forfeited or expired (249 ) 9.17 Options outstanding at June 29, 2013 2,431 $ 10.25 4.86 $ 52 Options granted (weighted average grant date fair value of $4.06) 236 8.16 Options exercised (190 ) 8.25 Options forfeited or expired (392 ) 9.96 Options outstanding at June 28, 2014 2,085 $ 10.25 4.54 $ 1,077 Options granted (weighted average grant date fair value of $4.80) 84 10.12 Options exercised (816 ) 9.02 Options forfeited or expired (104 ) 11.77 Options outstanding at June 27, 2015 1,249 $ 10.92 4.67 $ 4,501 Options vested and expected to vest at June 27, 2015 1,236 $ 10.95 4.62 $ 4,427 Options exercisable at June 27, 2015 1,039 $ 11.37 3.90 $ 3,383 At June 27, 2015, 3.5 million shares were available for future grants under the option plans. The aggregate intrinsic value of options exercised during the fiscal years ended June 27, 2015, June 28, 2014 and June 29, 2013 was $2.7 million, $177,000 and $2,000, respectively. The Company has unamortized share-based compensation expense related to options of $756,000, which will be amortized to expense over a weighted average period of 2.2 years. Additional information regarding options outstanding as of June 27, 2015 is as follows: Options Outstanding Options Exercisable Range of Exercise Prices Number Weighted Weighted Number Weighted $ 5.48 $ 8.10 252,997 6.94 $ 7.65 147,338 $ 7.62 $ 8.11 $ 8.85 261,537 4.76 $ 8.56 224,771 $ 8.54 $ 8.86 $10.25 254,617 5.09 $ 9.83 207,785 $ 9.98 $10.26 $15.45 314,676 3.62 $ 13.53 293,345 $ 13.58 $15.46 $18.10 165,500 2.39 $ 16.36 165,500 $ 16.36 $ 5.48 $18.10 1,249,327 4.67 $ 10.92 1,038,739 $ 11.37 Restricted Stock Units Restricted stock units (“RSUs”) and performance stock units (“PSUs”) are converted into shares of the Company’s common stock upon vesting on a one-for-one basis. Typically, vesting of RSUs and PSUs is subject to the employee’s continuing service to the Company. RSUs generally vest over a period of 4 years and are expensed ratably on a straight-line basis over their respective vesting period net of estimated forfeitures. PSUs are granted to executives of the Company and will vest in approximately 12 months subject to certain financial metrics of the Company and the achievement of each participant’s performance goals established at the beginning of the fiscal year. The fair value of RSUs and PSUs granted pursuant to the Company’s stock incentive plans is the product of the number of shares granted and the grant date fair value of the common stock. The following table summarizes the RSUs and PSUs as of July 1, 2012 and changes during the three fiscal years ended June 27, 2015: Shares Weighted Weighted Aggregate (in thousands) (years) (in thousands) RSUs outstanding at June 30, 2012 504 $ 9.06 1.42 $ 4,535 Awarded 301 7.74 Released (217 ) 9.55 Forfeited (63 ) 8.24 RSUs outstanding at June 29, 2013 525 $ 8.20 1.48 $ 3,735 Awarded 416 8.46 Released (196 ) 8.61 Forfeited (96 ) 8.26 RSUs outstanding at June 28, 2014 649 $ 8.23 1.58 $ 5,901 Awarded 433 11.12 Released (228 ) 8.27 Forfeited (85 ) 8.98 RSUs and PSUs outstanding at June 27, 2015 769 $ 9.76 1.33 $ 10,792 RSUs and PSUs expected to vest after June 27, 2015 695 $ 9.73 1.25 $ 9,755 Of the 433,000 shares awarded during the fiscal year ended June 27, 2015, 320,000 shares were RSUs and 113,000 shares were PSUs. Of the 85,000 shares forfeited during the fiscal year ended June 27, 2015, 67,000 shares were RSUs and 18,000 shares were PSUs. The Company has unamortized share-based compensation expense related to RSUs of $4.5 million, which will be amortized to expense over a weighted average remaining recognition period of 2.3 years. The PSUs awarded in fiscal 2015 were fully expensed during the year to the extent they were earned and not forfeited. 2010 EMPLOYEE STOCK PURCHASE PLAN The Company’s ESPP allows eligible employees of the Company to purchase shares of common stock through payroll deductions. The Company reserved 2.0 million shares of the Company’s common stock for issuance under the ESPP, of which 1.5 million remain available at June 27, 2015. The ESPP permits eligible employees to purchase common stock at a discount through payroll deductions during six-month purchase periods. The six-month periods come to an end on or about May 1 and November 1 and the purchases are then made. Participants in the ESPP may purchase stock at 85% of the lower of the stock’s fair market value on the first day and last day of the purchase period. The maximum number of shares of common stock that any employee may purchase under the ESPP during any offering period is 1,500 shares, and an employee may not accrue more than $15,000 for share purchases in any offering period. During fiscal year 2015, 2014 and 2013, the Company issued 100,000, 129,000 and 125,000 shares of common stock at weighted average prices of $7.87, $6.02 and $5.98, respectively. The weighted average grant date fair value of the fiscal 2015, 2014 and 2013 stock purchase awards were $2.80, $1.75 and $1.65 per share, respectively. The Company estimates the fair value of stock purchase rights granted under the Company’s ESPP on the date of grant using the Black-Scholes option valuation model. Accounting Standards Codification (“ASC”) Topic 718, Stock-Based Compensation, states that a “lookback” pricing provision with a share limit should be considered a combination of stock and a call option. The valuation results for these elements have been combined to value the specific features of the stock purchase rights. The Company bases volatility on the expected volatility of the Company’s stock during the accrual period. The expected term is determined as the time from enrollment until purchase. The Company uses historical data to determine expected forfeitures and the U.S. Treasury yield for the risk-free interest rate for the expected term. The following table lists the values of the assumptions the Company used to value share-based compensation in the ESPP: Fiscal Year Ended June 27, 2015 June 28, 2014 June 29, 2013 Expected life 6 months 6 months 6 months Risk-free interest rate 0.05% 0.07% 0.12% Volatility range 34%–37% 26%–34% 35%–37% Dividend yield 0.00% 0.00% 0.00% The following table summarizes activity in the Company’s employee ESPP during the fiscal year ended June 27, 2015: Shares Weighted- Beginning Available 1,581,556 Purchases (100,381 ) $ 7.87 Ending Available 1,481,175 At June 27, 2015, the Company has $68,000 in unamortized share-based compensation related to its employee ESPP. We estimate this expense will be amortized and recognized in the consolidated statements of operations over the next four months. REPORTING SHARE-BASED COMPENSATION The following table shows total share-based compensation expense classified by consolidated statement of operations reporting caption generated from the plans mentioned above: Fiscal Year Ended (in thousands) June 27, June 28, June 29, Cost of revenues $ 242 $ 163 $ 187 Research and development 1,201 1,096 1,282 Selling, general and administrative 2,528 1,533 1,871 Pre-tax stock-based compensation expense 3,971 2,792 3,340 Income tax effect (1,322 ) (910 ) (1,101 ) Net stock-based compensation expense $ 2,649 $ 1,882 $ 2,239 The amount of share-based compensation expense in inventory at June 27, 2015, June 28, 2014 and June 29, 2013 is immaterial. STOCK REPURCHASE PLAN On April 26, 2012, the Board of Directors authorized a share repurchase program for up to $25 million of shares of the Company’s common stock, and on April 24, 2014 the Board authorized an additional $20 million for the share repurchase program. The Company was authorized to repurchase the shares from time to time in the open market or private transactions, at the discretion of the Company’s management. During the year ended June 27, 2015, the Company repurchased 937,729 shares for an aggregate cost of $10.9 million. During the year ended June 28, 2014, the Company repurchased 1,354,511 shares for an aggregate cost of $11.3 million. During the year ended June 29, 2013, the Company repurchased 1,100,306 shares for an aggregate cost of $7.8 million. As of June 27, 2015, approximately $15.7 million may yet be purchased under the 2014 purchase authority. Current cash balances and the proceeds from stock option exercises and purchases in the stock purchase plan have funded stock repurchases in the past, and the Company expects to fund future stock repurchases from these same sources.

Shareholder Rights Plan

Shareholder Rights Plan	12 Months Ended
	Jun. 28, 2014
Shareholder Rights Plan [Abstract]
SHAREHOLDER RIGHTS PLAN	15. SHAREHOLDER RIGHTS PLAN On March 6, 2012, the Company adopted a shareholder rights plan and declared a dividend of one preferred share purchase right for each share of common stock held by shareholders of record as of that date. Each right entitles shareholders, after the rights become exercisable, to purchase one one-thousandth of a share of our Series D Junior Participating Preferred Stock. The Company designed the rights plan to protect the long-term value of the Company for its shareholders during any future unsolicited acquisition attempt. The Company did not adopt the rights plan in response to any specific attempt to acquire the Company or its shares and the Company is not aware of any current efforts to do so. The rights will become exercisable only upon the occurrence of certain events specified in the plan, including the acquisition of 15% of the Company’s outstanding common stock by a person or group. Should a person or group acquire 15% or more of the outstanding common stock or announce an unsolicited tender offer, the consummation of which would result in a person or group acquiring 15% or more of the outstanding common stock, shareholders other than the acquiring person may exercise the rights, unless the Board of Directors has approved the transaction in advance. Each right entitles the holder, other than an acquiring person, to purchase shares of the Company’s common stock (or, in the event that there are insufficient authorized common stock shares, substitute consideration such as cash, property, or other securities of the Company, such as Preferred Stock) at a 50% discount to the then prevailing market price. Prior to the acquisition by a person or group of 15% or more of the outstanding common stock, the Company may redeem the rights for $0.001 per right at the option of the Board of Directors. The rights will expire on March 6, 2022. As of June 28, 2014, there were 21,974,000 rights outstanding.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 27, 2015
Fair Value Measurements [Abstract]
FAIR VALUE MEASUREMENTS	15. FAIR VALUE MEASUREMENTS The Company defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs that may be used to measure fair value, of which the first two are considered observable and the last is considered unobservable: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The following table represents our fair value hierarchy for financial assets (cash equivalents and investments) measured at fair value on a recurring basis. Level 1 available-for-sale investments are primarily comprised of investments in U.S. Treasury securities, valued using market prices in active markets. Most of the investments are classified as Level 2. Level 2 pricing is provided by third party sources of market information obtained through the Company’s investment advisors. The Company does not adjust for or apply any additional assumptions or estimates to the pricing information it receives from advisors. The Company’s investment advisors obtain pricing data from independent sources, such as Standard & Poor’s, Bloomberg and Interactive Data Corporation, and rely on comparable pricing of other securities because the Level 2 securities it holds are not actively traded and have fewer observable transactions. The Company considers this the most reliable information available for the valuation of the securities. The Company’s Level 2 securities include time deposits, government securities, corporate debt securities and mortgage backed and asset backed securities. The securities must meet a required rating level by at least one of the rating agencies (Moody’s, Standard & Poors, Fitch.) Government securities include US federal agency securities, foreign government and agency securities, and US state and municipal bond obligations. Many of the municipal bonds are insured; those that are not are nearly all AAA/Aaa rated. The corporate debt securities are all investment grade and most are single A-rated or better. The asset-backed securities are AAA/Aaa rated and are backed by auto loans, student loans, credit card balances and residential or commercial mortgages. Assets measured at fair value are summarized as follows: As of June 27, 2015 (in thousands) Fair Value Level 1 Level 2 Level 3 Investments (1) US Treasury securities $ — $ — $ — $ — Repurchase agreements 463 — 463 — Time deposits 42,277 — 42,277 — National government and agency securities 4,673 — 4,673 — State and municipal bond obligations 4,490 — 4,490 — Corporate bonds and notes 46,857 — 46,857 — Asset backed securities 6,986 — 6,986 — Mortgage backed securities 5,141 — 5,141 — Total $ 110,887 $ — $ 110,887 $ — As of June 28, 2014 (in thousands) Fair Value Level 1 Level 2 Level 3 Investments (1) US Treasury securities $ 527 $ 527 $ — $ — Repurchase agreements 4,547 — 4,547 — Time deposits 17,693 — 17,693 — National government and agency securities 5,055 — 5,055 — State and municipal bond obligations 7,149 — 7,149 — Corporate bonds and notes 42,781 — 42,781 — Asset backed securities 7,614 — 7,614 — Mortgage backed securities 4,785 — 4,785 — Total $ 90,151 $ 527 $ 89,624 $ — (1) At June 27, 2015, $20.1 million of the time deposits and all of the repurchase agreements are included in cash and cash equivalents. At June 28, 2014, $4.0 million of the repurchase agreements are included in cash and cash equivalents. The balance of the investments at June 27, 2015 and June 28, 2014 are included in short-term investments in marketable securities in the consolidated balance sheets. The Company had no transfers between Level 1 and Level 2 during the years ended June 27, 2015 and June 28, 2014. When assessing marketable securities for other-than-temporary declines in value, a number of factors are considered. Analyses of the severity and duration of price declines, remaining years to maturity, portfolio manager reports, economic forecasts, and the specific circumstances of issuers indicate that it is reasonable to expect marketable securities with unrealized losses at June 27, 2015 to recover in fair value up to the Company’s cost bases within a reasonable period of time. The Company does not intend to sell investments with unrealized losses before maturity, when the obligors are required to redeem them at full face value or par. The Company believes the obligors have the financial resources to redeem the debt securities. Accordingly, the Company does not consider the investments to be other-than-temporarily impaired at June 27, 2015. The Company has determined that the amounts reported for cash and cash equivalents, accounts receivable, deposits, accounts payable and accrued liabilities approximate fair value because of their short maturities and/or variable interest rates.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 27, 2015
Income Taxes [Abstract]
INCOME TAXES	16. INCOME TAXES Income tax expense consists of federal, state and foreign current and deferred income taxes as follows: Fiscal Year Ended (in thousands) June 27, June 28, June 29, Income (loss) before income taxes U.S. $ 446 $ (1,282 ) $ 12,176 Foreign 13,969 5,044 (27,782 ) 14,415 3,762 (15,606 ) Federal: Current (51 ) (1,366 ) 5,424 Deferred 310 95 141 259 (1,271 ) 5,565 State: Current 3 — 7 Deferred 29 (12 ) (172 ) 32 (12 ) (165 ) Foreign: Current 2,801 953 672 Deferred (327 ) 100 151 2,474 1,053 823 Total current 2,753 (413 ) 6,103 Total deferred 12 183 120 Total income tax expense (benefit) $ 2,765 $ (230 ) $ 6,223 The reconciliation between the Company’s effective tax rate and the U.S. statutory rate is as follows: Fiscal Year Ended June 27, June 28, June 29, Tax provision at federal statutory rate 34.0 % 34.0 % 33.8 % State income taxes, net of federal benefit (0.4 ) (1.3 ) 2.1 Foreign income and withholding taxes (13.2 ) 1.7 (67.9 ) Benefits from resolution of certain tax audits and expiration of statute of limitations — (21.8 ) 0.8 Intercompany licensing of intellectual property — (27.1 ) (6.5 ) Share-based compensation 0.8 3.4 (1.1 ) Research and development tax credits — (2.3 ) — Change in valuation allowance (0.2 ) 0.5 (1.8 ) Other (1.8 ) 6.8 0.7 Income tax expense 19.2 % (6.1 )% (39.9 )% The components of the net deferred tax assets were as follows (in thousands): As of the year ended (in thousands) June 27, June 28, Deferred tax assets: Credit carryforwards $ 3,395 $ 2,778 Accruals and reserves 576 843 Cumulative loss on investment 406 400 Depreciation and amortization (871 ) (933 ) Net operating loss carryforward 664 1,418 Share-based compensation 2,941 3,013 Other 301 781 Total 7,412 8,300 Valuation allowance (4,373 ) (5,114 ) Deferred tax assets $ 3,039 $ 3,186 Deferred tax liabilities: Gain on previously held shares in unconsolidated affiliate $ (3,838 ) $ (3,793 ) Acquired PTI intangibles and other (867 ) (1,667 ) Deferred tax liabilities $ (4,705 ) $ (5,460 ) As of June 27, 2015, the Company has net operating loss carryforwards of approximately $2.0 million and $2.2 million for PSE-SD in China and PTI in Hong Kong, respectively, which will begin to expire in fiscal 2016 and no expiration, respectively. In addition, the Company has research and development tax credit carryforwards of approximately $350,000 and $5.6 million to offset future federal and state taxable income. The federal research and development tax credit carryforward will begin to expire in 2034 and the state research and development tax credit can be carried forward indefinitely. The Company provides a valuation allowance for deferred tax assets when it is more likely than not, based upon currently available evidence and other factors, that some portion or all of the deferred tax asset will not be realized. The change in valuation allowance for the year ended June 27, 2015 and June 28, 2014 was a decrease of $741,000 Consolidated income before income taxes includes non-U.S. income (loss) of approximately $14.0 million, $5.0 million and $(27.8) million for the fiscal years ended June 27, 2015, June 28, 2014 and June 29, 2013, respectively. Pericom has not provided for U.S. income taxes on a cumulative total of approximately $53.3 million of undistributed earnings reported by certain foreign subsidiaries. The Company intends to reinvest these earnings indefinitely in its foreign subsidiaries. If these earnings were distributed to the United States in the form of dividends or otherwise, or if the shares of the relevant foreign subsidiaries were sold or otherwise transferred, the Company would be subject to additional U.S. income taxes (subject to an adjustment for foreign tax credits) and foreign withholding taxes. It is not practical to determine the unrecognized deferred U.S. income tax liability that might be payable on the possible remittance of earnings that are intended to be reinvested indefinitely due to the complexities associated with its hypothetical calculation. The Company recorded $2.2 million for unrecognized tax benefits as of June 27, 2015. A reconciliation of the beginning and ending amount of unrecognized tax benefit for the three fiscal years from July 1, 2012 through June 27, 2015 is as follows: (in thousands) Balance as of June 30, 2012 $ (1,607 ) Gross increases — prior period tax positions (135 ) Gross increases — current period tax positions (1,423 ) Reductions as a result of a lapse of statute of limitations 132 Balance as of June 29, 2013 $ (3,033 ) Gross increases — prior period tax positions (411 ) Gross increases — current period tax positions (194 ) Reductions — prior period tax positions 1,020 Reductions as a result of a lapse of statute of limitations 887 Balance as of June 28, 2014 $ (1,731 ) Gross increases — prior period tax positions (53 ) Gross increases — current period tax positions (495 ) Reductions — prior period tax positions 21 Reductions as a result of a lapse of statute of limitations 65 Balance as of June 27, 2015 $ (2,193 ) As of June 27, 2015, $1.2 million of the balance would affect the Company’s effective tax rate if recognized. The Company is subject to examination by federal, foreign, and various state jurisdictions for the years 2009 through 2015. As of June 27, 2015, the Company has accrued $227,000 for interest and penalties related to the unrecognized tax benefits. The balance of unrecognized tax benefits and the related interest and penalties is recorded as a noncurrent liability on our consolidated balance sheet. Within the next 12 months, we do not anticipate a material increase in the unrecognized tax benefit or any other significant changes to our tax reserves during that period.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Jun. 27, 2015
Employee Benefit Plan [Abstract]
EMPLOYEE BENEFIT PLAN	17. EMPLOYEE BENEFIT PLAN The Company has a 401(k) tax-deferred savings plan under which eligible employees may elect to have a portion of their salary deferred and contributed to the plan. The Board of Directors determines the employer matching contributions at their discretion. There were no employer-matching contributions in fiscal 2015, 2014 or 2013.

Industry and Geographical Segme

Industry and Geographical Segment Information	12 Months Ended
	Jun. 27, 2015
Industry and Geographical Segment Information [Abstract]
INDUSTRY AND GEOGRAPHICAL SEGMENT INFORMATION	18. INDUSTRY AND GEOGRAPHICAL SEGMENT INFORMATION The Company has two operating segments which aggregate into one reportable segment, the interconnectivity device supply market. The Company designs, develops, manufactures and markets high performance integrated circuits and frequency control products. The Chief Executive Officer has been identified as the Chief Operating Decision Maker as defined by ASC No. 280, Disclosures about Segments Reporting For geographical reporting, the Company attributes net sales to the country where customers are located (the “bill to” location). The Company neither conducts business in, nor sells to persons in, Iran, Syria, or Sudan, countries located in the referenced regions that are identified as state sponsors of terrorism by the U.S. Department of State, and are subject to U.S. economic sanctions and export controls. Long-lived assets consist of all non-monetary assets, excluding non-current deferred tax assets, goodwill and intangible assets. The Company attributes long-lived assets to the country where they are located. The following presents net sales for each of the three years ended June 27, 2015; and the net book value of long-lived assets as of June 27, 2015, June 28, 2014 and June 29, 2013 by geographical segment: Fiscal year ended (in thousands) June 27, June 28, June 29, Net sales to countries: China (including Hong Kong) $ 58,722 $ 61,054 $ 61,486 Taiwan 45,353 39,463 43,144 United States 6,177 5,927 6,517 Others (less than 10% each) 18,583 21,624 18,108 Total net sales $ 128,835 $ 128,068 $ 129,255 (in thousands) Long-lived assets: China (including Hong Kong) $ 31,211 $ 32,234 $ 35,180 United States 14,392 12,154 10,779 Taiwan 10,974 12,914 14,120 Korea 1,024 1,067 659 Others (less than 10% each) 145 168 221 Total long-lived assets $ 57,746 $ 58,537 $ 60,959

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Jun. 27, 2015
Quarterly Financial Data [Abstract]
QUARTERLY FINANCIAL DATA	19. QUARTERLY FINANCIAL DATA (Unaudited) Following is a summary of quarterly operating results and share data for the years ended June 27, 2015 and June 28, 2014: PERICOM SEMICONDUCTOR CORPORATION For the Quarter Ended June 27, March 28, Dec 27, Sept 27, Net revenues $ 30,564 $ 31,757 $ 33,255 $ 33,259 Cost of revenues 16,360 17,054 18,427 19,179 Gross profit 14,204 14,703 14,828 14,080 Operating expenses: Research and development 4,261 4,614 4,390 4,588 Selling, general and administrative 7,444 7,573 7,682 7,300 Total operating expenses 11,705 12,187 12,072 11,888 Income from operations 2,499 2,516 2,756 2,192 Interest and other income, net 695 548 1,935 1,274 Income before income tax expense 3,194 3,064 4,691 3,466 Income tax expense 7 635 1,113 1,010 Net income from consolidated companies 3,187 2,429 3,578 2,456 Equity in net income of unconsolidated affiliates 27 35 74 39 Net income $ 3,214 $ 2,464 $ 3,652 $ 2,495 Basic income per share $ 0.14 $ 0.11 $ 0.17 $ 0.11 Diluted income per share $ 0.14 $ 0.11 $ 0.16 $ 0.11 Shares used in computing basic income per share 22,344 22,436 22,110 21,936 Shares used in computing diluted income per share 22,928 23,049 22,624 22,262 Dividends declared and paid per share $ 0.06 $ 0.06 $ — $ — For the Quarter Ended June 28, March 29, Dec 28, Sept 28, Net revenues $ 32,739 $ 30,681 $ 32,040 $ 32,608 Cost of revenues 19,188 18,175 19,820 19,800 Gross profit 13,551 12,506 12,220 12,808 Operating expenses: Research and development 4,782 4,694 5,274 5,045 Selling, general and administrative 8,100 7,407 7,126 7,687 Total operating expenses 12,882 12,101 12,400 12,732 Income from operations 669 405 (180 ) 76 Interest and other income, net 456 802 1,047 486 Income before income tax expense 1,125 1,207 867 562 Income tax expense (benefit) 291 (421 ) (331 ) 231 Net income from consolidated companies 834 1,628 1,198 331 Equity in net income of unconsolidated affiliates 50 13 27 43 Net income $ 884 $ 1,641 $ 1,225 $ 374 Basic income per share $ 0.04 $ 0.07 $ 0.05 $ 0.02 Diluted income per share $ 0.04 $ 0.07 $ 0.05 $ 0.02 Shares used in computing basic income per share 22,123 22,659 22,800 22,794 Shares used in computing diluted income per share 22,338 22,880 23,019 22,951

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Jun. 27, 2015
Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts	Schedule II PERICOM SEMICONDUCTOR CORPORATION Balance at Charged to Deductions Balance at Reserves for returns and pricing adjustments Fiscal year ended June 27, 2015 $ 2,436 $ 3,970 $ (4,598 ) $ 1,808 Fiscal year ended June 28, 2014 2,435 4,880 (4,879 ) 2,436 Fiscal year ended June 29, 2013 2,522 4,493 (4,580 ) 2,435 Balance at Charged to Deductions/ Balance at Allowance for doubtful accounts Fiscal year ended June 27, 2015 $ 25 $ 16 $ (19 ) $ 22 Fiscal year ended June 28, 2014 76 1 (52 ) 25 Fiscal year ended June 29, 2013 44 49 (17 ) 76 Balance at Charged to Deductions/ Balance at Deferred tax valuation allowance Fiscal year ended June 27, 2015 $ 5,114 $ — $ (741 ) $ 4,373 Fiscal year ended June 28, 2014 5,064 50 — 5,114 Fiscal year ended June 29, 2013 4,305 759 — 5,064

Business and Significant Acco29

Business and Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 27, 2015
Business and Significant Accounting Policies [Abstract]
USE OF ESTIMATES	USE OF ESTIMATES
BASIS OF PRESENTATION	BASIS OF PRESENTATION
FISCAL PERIOD	FISCAL PERIOD
CASH EQUIVALENTS	CASH EQUIVALENTS
INVESTMENTS IN MARKETABLE SECURITIES	INVESTMENTS IN MARKETABLE SECURITIES As of June 27, 2015 and June 28, 2014, investments, and any difference between the fair market value and the underlying amortized cost of such investments, consisted of the following: Available-for-Sale Securities: As of June 27, 2015 (in thousands) Amortized Unrealized Unrealized Net Fair Available-for-Sale Securities Time deposits $ 22,157 $ — $ — $ — $ 22,157 National government and agency securities 4,612 64 (3 ) 61 4,673 State and municipal bond obligations 4,488 13 (11 ) 2 4,490 Corporate bonds and notes 46,889 168 (200 ) (32 ) 46,857 Asset backed securities 6,994 12 (20 ) (8 ) 6,986 Mortgage backed securities 5,143 11 (13 ) (2 ) 5,141 Total $ 90,283 $ 268 $ (247 ) $ 21 $ 90,304 As of June 28, 2014 (in thousands) Amortized Unrealized Unrealized Net Fair Available-for-Sale Securities Time deposits $ 17,693 $ — $ — $ — $ 17,693 Repurchase agreements 500 — — — 500 US Treasury securities 526 1 — 1 527 National government and agency securities 4,962 95 (2 ) 93 5,055 State and municipal bond obligations 7,090 63 (4 ) 59 7,149 Corporate bonds and notes 42,675 249 (143 ) 106 42,781 Asset backed securities 7,592 28 (6 ) 22 7,614 Mortgage backed securities 4,766 26 (7 ) 19 4,785 Total $ 85,804 $ 462 $ (162 ) $ 300 $ 86,104 The following tables show the gross unrealized losses and fair values of the Company’s investments that have unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of June 27, 2015 and June 28, 2014: Continuous Unrealized Losses at June 27, 2015 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized National government and agency securities $ 1,411 $ 3 $ 190 $ — $ 1,601 $ 3 State and municipal bond obligations 928 4 1,077 7 2,005 11 Corporate bonds and notes 20,621 188 2,893 12 23,514 200 Asset backed securities 1,961 16 1,061 4 3,022 20 Mortgage backed securities 2,023 12 336 1 2,359 13 $ 26,944 $ 223 $ 5,557 $ 24 $ 32,501 $ 247 Continuous Unrealized Losses at June 28, 2014 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized National government and agency securities $ 282 $ 1 $ 91 $ 1 $ 373 $ 2 State and municipal bond obligations — — 695 4 695 4 Corporate bonds and notes 3,901 11 5,801 132 9,702 143 Asset backed securities 895 1 1,195 5 2,090 6 Mortgage backed securities 1,083 3 504 4 1,587 7 $ 6,161 $ 16 $ 8,286 $ 146 $ 14,447 $ 162 The unrealized losses are of a temporary nature due to the Company’s intent and ability to hold the investments until maturity or until the cost is recoverable. The unrealized losses are primarily due to fluctuations in market interest rates. The Company reports unrealized gains and losses on its “available-for-sale” securities in accumulated other comprehensive income, net of tax, in shareholders’ equity. The Company records gains or losses realized on sales of available-for-sale securities in interest and other income, net on its consolidated statements of operations. The cost of securities sold is based on the specific identification of the security and its amortized cost. In fiscal 2015, 2014 and 2013, realized gains on available-for-sale securities were $238,000, $179,000 and $1.0 million, respectively. The following table lists the fair value of the Company’s short-term investments by length of time to maturity as of June 27, 2015 and June 28, 2014: (in thousands) June 27, June 28, One year or less $ 23,751 $ 24,963 Between one and three years 40,357 24,242 Greater than three years 20,678 30,449 Multiple dates 5,518 6,450 $ 90,304 $ 86,104 Securities with maturities over multiple dates are mortgage-backed securities (“MBS”) or asset-backed securities (“ABS”) featuring periodic principle paydowns through 2041.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS
ALLOWANCE FOR DOUBTFUL ACCOUNTS	ALLOWANCE FOR DOUBTFUL ACCOUNTS
INVENTORIES	INVENTORIES The inventories of the remainder of the FCP products are recorded at the lower of weighted-average cost, which approximates actual cost, or market value. Weighted average cost is comprised of average manufacturing costs weighted by the volume produced in each production run. Market value is defined as the net realizable value for finished goods, and replacement cost for raw materials and work in process. Raw material inventory is considered slow moving and is fully reserved if it has not moved in 365 days. For assembled devices, the inventory is disaggregated by part number. The quantities on hand in each part number category are compared to the quantity that was shipped in the previous twelve months, the quantity in backlog and to the quantity expected to ship in the next twelve months. A reserve is recorded to the extent the value of each quantity on hand is in excess of the lesser of the three comparisons. The Company also periodically reviews inventory for obsolescence beyond the established formulaic tests. The Company believes this method of evaluating inventory fairly represents market conditions. The Company considers the reserved material to be available-for-sale. The reserved inventory is not revalued should market conditions change or if a market develops for the obsolete inventory. In the past, the Company has sold obsolete inventory that was previously fully reserved.
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT
INVESTMENTS IN UNCONSOLIDATED AFFILIATES	INVESTMENTS IN UNCONSOLIDATED AFFILIATES
OTHER ASSETS	OTHER ASSETS
LONG-LIVED ASSETS	LONG-LIVED ASSETS
INCOME TAXES	INCOME TAXES The Internal Revenue Service completed their examination of the Company’s federal tax returns for fiscal 2010 and 2011 during fiscal 2014, and additional tax payments of approximately $208,000 were made in fiscal 2014, including interest charges for the two years that were examined. The Company had previously accrued for this exposure.
FOREIGN CURRENCY TRANSLATION	FOREIGN CURRENCY TRANSLATION
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION
REVENUE RECOGNITION	REVENUE RECOGNITION • Persuasive evidence of an arrangement exists; • Delivery has occurred; • The sales price is fixed or determinable; and • Collectibility is reasonably assured. Generally, the Company meets these conditions upon shipment because, in most cases, title and risk of loss passes to the customer at that time. In addition, the Company estimates and records provisions for future returns and other charges against revenue at the time of shipment consistent with the terms of sale. The Company sells products to large, domestic distributors at the price listed in its price book for that distributor. At the time of sale, the Company records a sales reserve for ship from stock and debits (“SSD”s), stock rotations, return material authorizations (“RMA”s), authorized price protection programs, and any special programs approved by management. The Company offsets the sales reserve against revenues, producing the net revenue amount reported in the consolidated statements of operations. The market price for the Company’s products can be significantly different from the book price at which the Company sold the product to the distributor. When the market price, as compared to the Company’s original book price, of a particular distributor’s sales opportunity to their own customer would result in low or negative margins for our distributor, the Company negotiates a ship from stock and debit with the distributor. Management analyzes the Company’s SSD history to develop current SSD rates that form the basis of the SSD sales reserve recorded each period. The Company obtains the historical SSD rates from its internal records. The Company’s distribution agreements provide for semi-annual stock rotation privileges of typically 10% of net sales for the previous six-month period. The contractual stock rotation applies only to shipments at the Company’s listed book price. Asian distributors typically buy the Company’s product at less than standard price and therefore are not entitled to the 10% stock rotation privilege. In order to provide for routine inventory refreshing, for the Company’s benefit as well as theirs, the Company grants Asian distributors stock rotation privileges between 1% and 10% even though the Company is not contractually obligated to do so. Each month the Company adjusts the sales reserve for the estimated stock rotation privilege anticipated to be utilized by the distributors. From time to time, customers may request to return parts for various reasons including the customers’ belief that the parts are not performing to specification. Many such return requests are the result of customers incorrectly using the parts, not because the parts are defective. Management reviews these requests and, if approved, the Company prepares a RMA. The Company is only obligated to accept defective parts returns. To accommodate the Company’s customers, the Company may approve particular return requests, even though it is not obligated to do so. Each month the Company records a sales reserve for approved RMAs covering products that have not yet been returned. The Company does not maintain a general warranty reserve because, historically, valid warranty returns, which are the result of a part not meeting specifications or being non-functional, have been immaterial and the Company can frequently resell returned parts to other customers for use in other applications. The Company monitors and assesses RMA activity and overall materiality to assess whether a general warranty reserve has become appropriate. The Company grants price protection solely at the discretion of Pericom management. The purpose of price protection is to reduce the distributor’s cost of inventory as market prices fall thus reducing SSD rates. Pericom sales management prepares price protection proposals for individual products located at individual distributors. Pericom management reviews and approves or disapproves these proposals. If a particular price protection arrangement is approved, the Company estimates the dollar impact based on the sales price reduction per unit for the products approved and the number of units of those products in that distributor’s inventory. The Company records a sales reserve in that period for the estimated amount at the time revenue is recognized. At the discretion of Pericom management, the Company may offer rebates on specific products sold to specific end customers. The purpose of the rebates is to allow for pricing adjustments for large programs without affecting the pricing the Company charges its distributor customers. The Company records the rebate at the time of shipment. Pericom typically grants payment terms of between 30 and 60 days to its customers. The Company’s customers generally pay within those terms. The Company grants relatively few customers sales terms that include cash discounts. Distributors are invoiced for shipments at listed book price. When the distributors pay the Company’s invoices, they may claim debits for SSDs, stock rotations, cash discounts, RMAs and price protection when appropriate. Once claimed, the Company processes the requests against the prior authorizations and reduces the reserve previously established for that customer. The revenue the Company records for sales to its distributors is net of estimated provisions for these programs. When determining this net revenue, the Company must make significant judgments and estimates. The Company bases its estimates on historical experience rates, inventory levels in the distribution channel, current trends and other related factors. However, because of the inherent nature of estimates, there is a risk that there could be significant differences between actual amounts and the Company’s estimates. The Company’s financial condition and operating results depend on its ability to make reliable estimates and Pericom believes that such estimates are reasonable.
PRODUCT WARRANTY	PRODUCT WARRANTY
SHIPPING COSTS	SHIPPING COSTS
CONCENTRATION OF CREDIT RISK	CONCENTRATION OF CREDIT RISK The following table indicates the percentage of our net revenues and accounts receivable in excess of 10% with any single customer: Percentage of Fiscal Year Ended: Net Trade June 27, 2015 Customer A 20 % 16 % Customer B 19 23 All others 61 61 100 % 100 % June 28, 2014 Customer A 26 % 29 % Customer B 10 8 All others 64 63 100 % 100 % June 29, 2013 Customer A 21 % 28 % Customer B 12 7 All others 67 65 100 % 100 % The Company maintains cash, cash equivalents and short-term investments with various high credit quality financial institutions. The Company has designed its investment policy to limit exposure to any one institution. The Company performs periodic evaluations of the relative credit standing of those financial institutions that manage its investments. The Company is exposed to credit risk in the event of default by the financial institutions or issuers of securities to the extent of the amounts reported in the consolidated balance sheets.
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS Simplifying the Measurement of Inventory In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Basic and diluted earnings (loss) per share for each of the three years in the period ended June 27, 2015 is as follows: Fiscal Year Ended (in thousands, except for per share data) June 27, June 28, June 29, Net income (loss) $ 11,825 $ 4,124 $ (21,614 ) Computation of common shares outstanding — basic earnings (loss) per share: Weighted average shares of common stock 22,206 22,594 23,251 Basic earnings (loss) per share $ 0.53 $ 0.18 $ (0.93 ) Computation of common shares outstanding — diluted earnings (loss) per share: Weighted average shares of common stock 22,206 22,594 23,251 Dilutive shares using the treasury stock method 510 203 — Shares used in computing diluted earnings (loss) per share 22,716 22,797 23,251 Diluted earnings (loss) per share $ 0.52 $ 0.18 $ (0.93 ) As the Company incurred a loss for the year ended June 29, 2013, diluted loss per share is the same as basic loss per share since the addition of any contingently issuable share would be anti-dilutive. Options to purchase 616,000 shares of common stock were outstanding during the year ended June 27, 2015 and were excluded from the computation of diluted net earnings per share because such options and restricted stock units were anti-dilutive. Options to purchase 1.9 million shares of common stock, and restricted stock units of 1,138 shares were outstanding during the year ended June 28, 2014 and were excluded from the computation of diluted net earnings per share because such options and units were anti-dilutive. Options to purchase 2.4 million shares of common stock, and restricted stock units of 525,000 shares were outstanding during the year ended June 29, 2013 and were excluded from the computation of diluted net loss per share because such options and units were anti-dilutive.

Business and Significant Acco30

Business and Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 27, 2015
Business and Significant Accounting Policies [Abstract]
Summary of available for sale securities	Available-for-Sale Securities: As of June 27, 2015 (in thousands) Amortized Unrealized Unrealized Net Fair Available-for-Sale Securities Time deposits $ 22,157 $ — $ — $ — $ 22,157 National government and agency securities 4,612 64 (3 ) 61 4,673 State and municipal bond obligations 4,488 13 (11 ) 2 4,490 Corporate bonds and notes 46,889 168 (200 ) (32 ) 46,857 Asset backed securities 6,994 12 (20 ) (8 ) 6,986 Mortgage backed securities 5,143 11 (13 ) (2 ) 5,141 Total $ 90,283 $ 268 $ (247 ) $ 21 $ 90,304 As of June 28, 2014 (in thousands) Amortized Unrealized Unrealized Net Fair Available-for-Sale Securities Time deposits $ 17,693 $ — $ — $ — $ 17,693 Repurchase agreements 500 — — — 500 US Treasury securities 526 1 — 1 527 National government and agency securities 4,962 95 (2 ) 93 5,055 State and municipal bond obligations 7,090 63 (4 ) 59 7,149 Corporate bonds and notes 42,675 249 (143 ) 106 42,781 Asset backed securities 7,592 28 (6 ) 22 7,614 Mortgage backed securities 4,766 26 (7 ) 19 4,785 Total $ 85,804 $ 462 $ (162 ) $ 300 $ 86,104
Summary of gross unrealized losses and fair values	Continuous Unrealized Losses at June 27, 2015 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized National government and agency securities $ 1,411 $ 3 $ 190 $ — $ 1,601 $ 3 State and municipal bond obligations 928 4 1,077 7 2,005 11 Corporate bonds and notes 20,621 188 2,893 12 23,514 200 Asset backed securities 1,961 16 1,061 4 3,022 20 Mortgage backed securities 2,023 12 336 1 2,359 13 $ 26,944 $ 223 $ 5,557 $ 24 $ 32,501 $ 247 Continuous Unrealized Losses at June 28, 2014 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized National government and agency securities $ 282 $ 1 $ 91 $ 1 $ 373 $ 2 State and municipal bond obligations — — 695 4 695 4 Corporate bonds and notes 3,901 11 5,801 132 9,702 143 Asset backed securities 895 1 1,195 5 2,090 6 Mortgage backed securities 1,083 3 504 4 1,587 7 $ 6,161 $ 16 $ 8,286 $ 146 $ 14,447 $ 162
Summary of fair market value of the Company's short and long-term investments by length of time to maturity	(in thousands) June 27, June 28, One year or less $ 23,751 $ 24,963 Between one and three years 40,357 24,242 Greater than three years 20,678 30,449 Multiple dates 5,518 6,450 $ 90,304 $ 86,104
Summary of percentage of net revenues and accounts receivable in excess of 10% with any single customer	Percentage of Fiscal Year Ended: Net Trade June 27, 2015 Customer A 20 % 16 % Customer B 19 23 All others 61 61 100 % 100 % June 28, 2014 Customer A 26 % 29 % Customer B 10 8 All others 64 63 100 % 100 % June 29, 2013 Customer A 21 % 28 % Customer B 12 7 All others 67 65 100 % 100 %
Summary of basic and diluted earnings per share	Fiscal Year Ended (in thousands, except for per share data) June 27, June 28, June 29, Net income (loss) $ 11,825 $ 4,124 $ (21,614 ) Computation of common shares outstanding — basic earnings (loss) per share: Weighted average shares of common stock 22,206 22,594 23,251 Basic earnings (loss) per share $ 0.53 $ 0.18 $ (0.93 ) Computation of common shares outstanding — diluted earnings (loss) per share: Weighted average shares of common stock 22,206 22,594 23,251 Dilutive shares using the treasury stock method 510 203 — Shares used in computing diluted earnings (loss) per share 22,716 22,797 23,251 Diluted earnings (loss) per share $ 0.52 $ 0.18 $ (0.93 )

Other Receivables (Tables)

Other Receivables (Tables)	12 Months Ended
	Jun. 27, 2015
Other Receivables [Abstract]
Other receivables	As of the year ended (in thousands) June 27, June 28, Interest receivable $ 1,267 $ 1,516 VAT and other tax receivables 471 1,031 Other accounts receivable 639 331 $ 2,377 $ 2,878

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 27, 2015
Inventories [Abstract]
Inventories	As of the year ended (in thousands) June 27, June 28, Finished goods $ 4,552 $ 3,991 Work-in-process 2,812 2,468 Raw materials 6,249 5,829 $ 13,613 $ 12,288

Property, Plant and Equipment33

Property, Plant and Equipment - Net (Tables)	12 Months Ended
	Jun. 27, 2015
Property, Plant and Equipment - Net [Abstract]
Property, plant and equipment	As of the year ended (in thousands) June 27, June 28, Machinery and equipment $ 56,595 $ 55,408 Buildings 36,594 36,196 Computer equipment and software 14,858 13,742 Land 9,622 9,473 Furniture and fixtures 1,250 1,218 Leasehold improvements 499 595 Vehicles 116 151 Total 119,534 116,783 Accumulated depreciation and amortization (63,594 ) (59,500 ) Construction-in-progress 1,806 1,254 Property, plant and equipment — net $ 57,746 $ 58,537

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Jun. 27, 2015
Other Assets [Abstract]
Schedule of other assets	As of the year ended (in thousands) June 27, June 28, Land use rights $ 6,365 $ 6,631 Investments in privately held companies 1,224 1,243 Deposits 109 118 Other 333 126 Total $ 8,031 $ 8,118

Investment in Unconsolidated 35

Investment in Unconsolidated Affiliate (Tables)	12 Months Ended
	Jun. 27, 2015
Investments in Unconsolidated Affiliate [Abstract]
Investment in unconsolidated affiliates	As of the year ended (in thousands) June 27, June 28, Jiyuan Crystal Photoelectric Frequency Technology Ltd. $ 2,311 $ 2,445

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Jun. 27, 2015
Intangible Assets [Abstract]
Summary of acquired intangible assets	As of the year ended June 27, 2015 June 28, 2014 (in thousands) Gross Accumulated Net Gross Accumulated Net Customer relationships $ 6,008 $ (4,862 ) $ 1,146 $ 6,056 $ (3,913 ) $ 2,143 In process research and development 3,539 (2,543 ) 996 3,564 (1,959 ) 1,605 Core developed technology 9,712 (8,183 ) 1,529 9,838 (6,977 ) 2,861 Total amortizable purchased intangible assets 19,259 (15,588 ) 3,671 19,458 (12,849 ) 6,609 SaRonix trade name 386 — 386 400 — 400 Total purchased intangible assets $ 19,645 $ (15,588 ) $ 4,057 $ 19,858 $ (12,849 ) $ 7,009
Summary of future amortization expense associated with intangible assets	(in thousands) 2016 2017 2018 and Total Expected Amortization Customer relationships $ 982 $ 164 $ — $ 1,146 In process research and development 590 406 — 996 Core developed technology 1,311 218 — 1,529 $ 2,883 $ 788 $ — $ 3,671

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Jun. 27, 2015
Accrued Liabilities [Abstract]
Schedule of accrued liabilities	As of the year ended (in thousands) June 27, June 28, Accrued compensation $ 6,489 $ 6,892 Income taxes payable 2,280 1,140 Sales commissions 347 307 Other accrued expenses 2,309 1,595 $ 11,425 $ 9,934

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 27, 2015
Commitments and Contingencies [Abstract]
Future minimum commitments	Fiscal Year (in thousands) 2016 2017 2018 2019 2020 Thereafter Total Operating lease payments $ 423 $ 290 $ 252 $ 9 $ 9 $ 4 $ 987 Capital equipment purchase commitments 11 — — — — — 11 Facility modification commitments 660 17 — — — — 677 Total $ 1,094 $ 307 $ 252 $ 9 $ 9 $ 4 $ 1,675

Shareholders' Equity and Shar39

Shareholders' Equity and Share-Based Compensation (Tables)	12 Months Ended
	Jun. 27, 2015
Shareholders' Equity and Share-Based Compensation [Abstract]
Schedule of weighted average assumptions of value stock options	Fiscal Year Ended June 27, 2015 June 28, 2014 June 29, 2013 Expected life 5.9 years 5.9 years 5.9 years Risk-free interest rate 1.74% 1.47% 1.05% Volatility 49% 52% 54% Dividend yield 0.00% 0.00% 0.00%
Schedule of stock option plans	Outstanding Options Options Shares Weighted Weighted Aggregate (in thousands) (years) (in thousands) Options outstanding at June 30, 2012 2,453 $ 10.34 5.12 $ 912 Options granted (weighted average grant date fair value of $4.06) 233 8.07 Options exercised (6 ) 7.87 Options forfeited or expired (249 ) 9.17 Options outstanding at June 29, 2013 2,431 $ 10.25 4.86 $ 52 Options granted (weighted average grant date fair value of $4.06) 236 8.16 Options exercised (190 ) 8.25 Options forfeited or expired (392 ) 9.96 Options outstanding at June 28, 2014 2,085 $ 10.25 4.54 $ 1,077 Options granted (weighted average grant date fair value of $4.80) 84 10.12 Options exercised (816 ) 9.02 Options forfeited or expired (104 ) 11.77 Options outstanding at June 27, 2015 1,249 $ 10.92 4.67 $ 4,501 Options vested and expected to vest at June 27, 2015 1,236 $ 10.95 4.62 $ 4,427 Options exercisable at June 27, 2015 1,039 $ 11.37 3.90 $ 3,383
Schedule of options outstanding and exercisable	Options Outstanding Options Exercisable Range of Exercise Prices Number Weighted Weighted Number Weighted $ 5.48 $ 8.10 252,997 6.94 $ 7.65 147,338 $ 7.62 $ 8.11 $ 8.85 261,537 4.76 $ 8.56 224,771 $ 8.54 $ 8.86 $10.25 254,617 5.09 $ 9.83 207,785 $ 9.98 $10.26 $15.45 314,676 3.62 $ 13.53 293,345 $ 13.58 $15.46 $18.10 165,500 2.39 $ 16.36 165,500 $ 16.36 $ 5.48 $18.10 1,249,327 4.67 $ 10.92 1,038,739 $ 11.37
Schedule of activity of restricted stock units (RSUs)	Shares Weighted Weighted Aggregate (in thousands) (years) (in thousands) RSUs outstanding at June 30, 2012 504 $ 9.06 1.42 $ 4,535 Awarded 301 7.74 Released (217 ) 9.55 Forfeited (63 ) 8.24 RSUs outstanding at June 29, 2013 525 $ 8.20 1.48 $ 3,735 Awarded 416 8.46 Released (196 ) 8.61 Forfeited (96 ) 8.26 RSUs outstanding at June 28, 2014 649 $ 8.23 1.58 $ 5,901 Awarded 433 11.12 Released (228 ) 8.27 Forfeited (85 ) 8.98 RSUs and PSUs outstanding at June 27, 2015 769 $ 9.76 1.33 $ 10,792 RSUs and PSUs expected to vest after June 27, 2015 695 $ 9.73 1.25 $ 9,755
Schedule of used to value stock purchase plan	Fiscal Year Ended June 27, 2015 June 28, 2014 June 29, 2013 Expected life 6 months 6 months 6 months Risk-free interest rate 0.05% 0.07% 0.12% Volatility range 34%–37% 26%–34% 35%–37% Dividend yield 0.00% 0.00% 0.00%
Schedule of stock options activities under ESOP'S	Shares Weighted- Beginning Available 1,581,556 Purchases (100,381 ) $ 7.87 Ending Available 1,481,175
Schedule of share based compensation expenses classified by consolidated statement of operations	Fiscal Year Ended (in thousands) June 27, June 28, June 29, Cost of revenues $ 242 $ 163 $ 187 Research and development 1,201 1,096 1,282 Selling, general and administrative 2,528 1,533 1,871 Pre-tax stock-based compensation expense 3,971 2,792 3,340 Income tax effect (1,322 ) (910 ) (1,101 ) Net stock-based compensation expense $ 2,649 $ 1,882 $ 2,239

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 27, 2015
Fair Value Measurements [Abstract]
Fair value measurements	As of June 27, 2015 (in thousands) Fair Value Level 1 Level 2 Level 3 Investments (1) US Treasury securities $ — $ — $ — $ — Repurchase agreements 463 — 463 — Time deposits 42,277 — 42,277 — National government and agency securities 4,673 — 4,673 — State and municipal bond obligations 4,490 — 4,490 — Corporate bonds and notes 46,857 — 46,857 — Asset backed securities 6,986 — 6,986 — Mortgage backed securities 5,141 — 5,141 — Total $ 110,887 $ — $ 110,887 $ — As of June 28, 2014 (in thousands) Fair Value Level 1 Level 2 Level 3 Investments (1) US Treasury securities $ 527 $ 527 $ — $ — Repurchase agreements 4,547 — 4,547 — Time deposits 17,693 — 17,693 — National government and agency securities 5,055 — 5,055 — State and municipal bond obligations 7,149 — 7,149 — Corporate bonds and notes 42,781 — 42,781 — Asset backed securities 7,614 — 7,614 — Mortgage backed securities 4,785 — 4,785 — Total $ 90,151 $ 527 $ 89,624 $ — (1) At June 27, 2015, $20.1 million of the time deposits and all of the repurchase agreements are included in cash and cash equivalents. At June 28, 2014, $4.0 million of the repurchase agreements are included in cash and cash equivalents. The balance of the investments at June 27, 2015 and June 28, 2014 are included in short-term investments in marketable securities in the consolidated balance sheets.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 27, 2015
Income Taxes [Abstract]
Income tax expense consists of Federal, state and foreign current and deferred income taxes	Fiscal Year Ended (in thousands) June 27, June 28, June 29, Income (loss) before income taxes U.S. $ 446 $ (1,282 ) $ 12,176 Foreign 13,969 5,044 (27,782 ) 14,415 3,762 (15,606 ) Federal: Current (51 ) (1,366 ) 5,424 Deferred 310 95 141 259 (1,271 ) 5,565 State: Current 3 — 7 Deferred 29 (12 ) (172 ) 32 (12 ) (165 ) Foreign: Current 2,801 953 672 Deferred (327 ) 100 151 2,474 1,053 823 Total current 2,753 (413 ) 6,103 Total deferred 12 183 120 Total income tax expense (benefit) $ 2,765 $ (230 ) $ 6,223
Reconciliation between Company's effective tax rate and U.S. statutory rate	Fiscal Year Ended June 27, June 28, June 29, Tax provision at federal statutory rate 34.0 % 34.0 % 33.8 % State income taxes, net of federal benefit (0.4 ) (1.3 ) 2.1 Foreign income and withholding taxes (13.2 ) 1.7 (67.9 ) Benefits from resolution of certain tax audits and expiration of statute of limitations — (21.8 ) 0.8 Intercompany licensing of intellectual property — (27.1 ) (6.5 ) Share-based compensation 0.8 3.4 (1.1 ) Research and development tax credits — (2.3 ) — Change in valuation allowance (0.2 ) 0.5 (1.8 ) Other (1.8 ) 6.8 0.7 Income tax expense 19.2 % (6.1 )% (39.9 )%
Components of net deferred tax assets	As of the year ended (in thousands) June 27, June 28, Deferred tax assets: Credit carryforwards $ 3,395 $ 2,778 Accruals and reserves 576 843 Cumulative loss on investment 406 400 Depreciation and amortization (871 ) (933 ) Net operating loss carryforward 664 1,418 Share-based compensation 2,941 3,013 Other 301 781 Total 7,412 8,300 Valuation allowance (4,373 ) (5,114 ) Deferred tax assets $ 3,039 $ 3,186 Deferred tax liabilities: Gain on previously held shares in unconsolidated affiliate $ (3,838 ) $ (3,793 ) Acquired PTI intangibles and other (867 ) (1,667 ) Deferred tax liabilities $ (4,705 ) $ (5,460 )
Reconciliation of beginning and ending amount of unrecognized tax benefit	(in thousands) Balance as of June 30, 2012 $ (1,607 ) Gross increases — prior period tax positions (135 ) Gross increases — current period tax positions (1,423 ) Reductions as a result of a lapse of statute of limitations 132 Balance as of June 29, 2013 $ (3,033 ) Gross increases — prior period tax positions (411 ) Gross increases — current period tax positions (194 ) Reductions — prior period tax positions 1,020 Reductions as a result of a lapse of statute of limitations 887 Balance as of June 28, 2014 $ (1,731 ) Gross increases — prior period tax positions (53 ) Gross increases — current period tax positions (495 ) Reductions — prior period tax positions 21 Reductions as a result of a lapse of statute of limitations 65 Balance as of June 27, 2015 $ (2,193 )

Industry and Geographical Seg42

Industry and Geographical Segment Information (Tables)	12 Months Ended
	Jun. 27, 2015
Industry and Geographical Segment Information [Abstract]
Schedule of net sales and net book value of long-lived assets by geographical segment	Fiscal year ended (in thousands) June 27, June 28, June 29, Net sales to countries: China (including Hong Kong) $ 58,722 $ 61,054 $ 61,486 Taiwan 45,353 39,463 43,144 United States 6,177 5,927 6,517 Others (less than 10% each) 18,583 21,624 18,108 Total net sales $ 128,835 $ 128,068 $ 129,255 (in thousands) Long-lived assets: China (including Hong Kong) $ 31,211 $ 32,234 $ 35,180 United States 14,392 12,154 10,779 Taiwan 10,974 12,914 14,120 Korea 1,024 1,067 659 Others (less than 10% each) 145 168 221 Total long-lived assets $ 57,746 $ 58,537 $ 60,959

Quarterly Financial Data (Una43

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Jun. 28, 2014
Quarterly Financial Data [Abstract]
Summary of quarterly operating results and share data	For the Quarter Ended June 28, March 29, Dec 28, Sept 28, Net revenues $ 32,739 $ 30,681 $ 32,040 $ 32,608 Cost of revenues 19,188 18,175 19,820 19,800 Gross profit 13,551 12,506 12,220 12,808 Operating expenses: Research and development 4,782 4,694 5,274 5,045 Selling, general and administrative 8,100 7,407 7,126 7,687 Total operating expenses 12,882 12,101 12,400 12,732 Income from operations 669 405 (180 ) 76 Interest and other income, net 456 802 1,047 486 Income before income tax expense 1,125 1,207 867 562 Income tax expense (benefit) 291 (421 ) (331 ) 231 Net income from consolidated companies 834 1,628 1,198 331 Equity in net income of unconsolidated affiliates 50 13 27 43 Net income $ 884 $ 1,641 $ 1,225 $ 374 Basic income per share $ 0.04 $ 0.07 $ 0.05 $ 0.02 Diluted income per share $ 0.04 $ 0.07 $ 0.05 $ 0.02 Shares used in computing basic income per share 22,123 22,659 22,800 22,794 Shares used in computing diluted income per share 22,338 22,880 23,019 22,951 For the Quarter Ended June 29, March 30, Dec 29, Sept 29, Net revenues $ 31,707 $ 30,366 $ 30,433 $ 36,749 Cost of revenues 19,791 19,521 19,239 22,838 Gross profit 11,916 10,845 11,194 13,911 Operating expenses: Research and development 5,320 5,277 5,097 5,323 Selling, general and administrative 7,217 7,193 7,532 7,639 Goodwill impairment 16,899 — — — Total operating expenses 29,436 12,470 12,629 12,962 Income (loss) from operations (17,520 ) (1,625 ) (1,435 ) 949 Interest and other income, net 1,277 1,318 795 635 Income (loss) before income tax expense (16,243 ) (307 ) (640 ) 1,584 Income tax expense 573 395 4,756 500 Net income (loss) from consolidated companies (16,816 ) (702 ) (5,396 ) 1,084 Equity in net income of unconsolidated affiliates 30 21 57 108 Net income (loss) $ (16,786 ) $ (681 ) $ (5,339 ) $ 1,192 Basic income (loss) per share $ (0.74 ) $ (0.03 ) $ (0.23 ) $ 0.05 Diluted income (loss) per share $ (0.74 ) $ (0.03 ) $ (0.23 ) $ 0.05 Shares used in computing basic income (loss) per share 22,783 23,162 23,515 23,543 Shares used in computing diluted income (loss) per share 22,783 23,162 23,515 23,740

Business and Significant Acco44

Business and Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Available-for-Sale Securities
Amortized Cost	$ 90,283	$ 85,804
Unrealized Gains	268	462
Unrealized Losses	(247)	(162)
Net Unrealized Gains (Losses)	21	300
Fair Value	90,304	86,104
Time Deposits [Member]
Available-for-Sale Securities
Amortized Cost	$ 22,157	$ 17,693
Unrealized Gains
Unrealized Losses
Net Unrealized Gains (Losses)
Fair Value	$ 22,157	$ 17,693
Repurchase Agreements [Member]
Available-for-Sale Securities
Amortized Cost		$ 500
Unrealized Gains
Unrealized Losses
Net Unrealized Gains (Losses)
Fair Value		$ 500
US Treasury securities [Member]
Available-for-Sale Securities
Amortized Cost		526
Unrealized Gains		$ 1
Unrealized Losses
Net Unrealized Gains (Losses)		$ 1
Fair Value		527
National government and agency securities [Member]
Available-for-Sale Securities
Amortized Cost	4,612	4,962
Unrealized Gains	64	95
Unrealized Losses	(3)	(2)
Net Unrealized Gains (Losses)	61	93
Fair Value	4,673	5,055
State and municipal bond obligations [Member]
Available-for-Sale Securities
Amortized Cost	4,488	7,090
Unrealized Gains	13	63
Unrealized Losses	(11)	(4)
Net Unrealized Gains (Losses)	2	59
Fair Value	4,490	7,149
Corporate bonds and notes [Member]
Available-for-Sale Securities
Amortized Cost	46,889	42,675
Unrealized Gains	168	249
Unrealized Losses	(200)	(143)
Net Unrealized Gains (Losses)	(32)	106
Fair Value	46,857	42,781
Asset backed Securities [Member]
Available-for-Sale Securities
Amortized Cost	6,994	7,592
Unrealized Gains	12	28
Unrealized Losses	(20)	(6)
Net Unrealized Gains (Losses)	(8)	22
Fair Value	6,986	7,614
Mortgage backed securities [Member]
Available-for-Sale Securities
Amortized Cost	5,143	4,766
Unrealized Gains	11	26
Unrealized Losses	(13)	(7)
Net Unrealized Gains (Losses)	(2)	19
Fair Value	$ 5,141	$ 4,785

Business and Significant Acco45

Business and Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Gross unrealized losses and fair market values of the Company's investments
Less Than 12 Months, Fair Value	$ 26,944	$ 6,161
Less Than 12 Months, Unrealized Losses	223	16
12 Months or Longer, Fair Value	5,557	8,286
12 Months or Longer, Unrealized Losses	24	146
Total, Fair Value	32,501	14,447
Total, Unrealized Losses	247	162
National government and agency securities [Member]
Gross unrealized losses and fair market values of the Company's investments
Less Than 12 Months, Fair Value	1,411	282
Less Than 12 Months, Unrealized Losses	3	1
12 Months or Longer, Fair Value	$ 190	91
12 Months or Longer, Unrealized Losses		1
Total, Fair Value	$ 1,601	373
Total, Unrealized Losses	3	$ 2
State and municipal bond obligations [Member]
Gross unrealized losses and fair market values of the Company's investments
Less Than 12 Months, Fair Value	928
Less Than 12 Months, Unrealized Losses	4
12 Months or Longer, Fair Value	1,077	$ 695
12 Months or Longer, Unrealized Losses	7	4
Total, Fair Value	2,005	695
Total, Unrealized Losses	11	4
Corporate bonds and notes [Member]
Gross unrealized losses and fair market values of the Company's investments
Less Than 12 Months, Fair Value	20,621	3,901
Less Than 12 Months, Unrealized Losses	188	11
12 Months or Longer, Fair Value	2,893	5,801
12 Months or Longer, Unrealized Losses	12	132
Total, Fair Value	23,514	9,702
Total, Unrealized Losses	200	143
Asset backed Securities [Member]
Gross unrealized losses and fair market values of the Company's investments
Less Than 12 Months, Fair Value	1,961	895
Less Than 12 Months, Unrealized Losses	16	1
12 Months or Longer, Fair Value	1,061	1,195
12 Months or Longer, Unrealized Losses	4	5
Total, Fair Value	3,022	2,090
Total, Unrealized Losses	20	6
Mortgage backed securities [Member]
Gross unrealized losses and fair market values of the Company's investments
Less Than 12 Months, Fair Value	2,023	1,083
Less Than 12 Months, Unrealized Losses	12	3
12 Months or Longer, Fair Value	336	504
12 Months or Longer, Unrealized Losses	1	4
Total, Fair Value	2,359	1,587
Total, Unrealized Losses	$ 13	$ 7

Business and Significant Acco46

Business and Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
The fair value of the Company's short- and long-term investments by length of time to maturity
Fair value of investments	$ 90,304	$ 86,104
One year or less [Member]
The fair value of the Company's short- and long-term investments by length of time to maturity
Fair value of investments	23,751	24,963
Between one and three years [Member]
The fair value of the Company's short- and long-term investments by length of time to maturity
Fair value of investments	40,357	24,242
Greater than three years [Member]
The fair value of the Company's short- and long-term investments by length of time to maturity
Fair value of investments	20,678	30,449
Multiple Dates [Member]
The fair value of the Company's short- and long-term investments by length of time to maturity
Fair value of investments	$ 5,518	$ 6,450

Business and Significant Acco47

Business and Significant Accounting Policies (Details 3)	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Net Revenues [Member]
The percentage of net revenues and accounts receivable in excess of 10% with any single customer
Concentration risk, Percentage	100.00%	100.00%	100.00%
Net Revenues [Member] | Customer A [Member]
The percentage of net revenues and accounts receivable in excess of 10% with any single customer
Concentration risk, Percentage	20.00%	26.00%	21.00%
Net Revenues [Member] | Customer B [Member]
The percentage of net revenues and accounts receivable in excess of 10% with any single customer
Concentration risk, Percentage	19.00%	10.00%	12.00%
Net Revenues [Member] | All others [Member]
The percentage of net revenues and accounts receivable in excess of 10% with any single customer
Concentration risk, Percentage	61.00%	64.00%	67.00%
Trade Accounts Receivable [Member]
The percentage of net revenues and accounts receivable in excess of 10% with any single customer
Concentration risk, Percentage	100.00%	100.00%	100.00%
Trade Accounts Receivable [Member] | Customer A [Member]
The percentage of net revenues and accounts receivable in excess of 10% with any single customer
Concentration risk, Percentage	16.00%	29.00%	28.00%
Trade Accounts Receivable [Member] | Customer B [Member]
The percentage of net revenues and accounts receivable in excess of 10% with any single customer
Concentration risk, Percentage	23.00%	8.00%	7.00%
Trade Accounts Receivable [Member] | All others [Member]
The percentage of net revenues and accounts receivable in excess of 10% with any single customer
Concentration risk, Percentage	61.00%	63.00%	65.00%

Business and Significant Acco48

Business and Significant Accounting Policies (Details 4) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 27, 2015	Mar. 28, 2015	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Basic and diluted earnings per share
Net income (loss)									$ 11,825	$ 4,124	$ (21,614)
Computation of common shares outstanding - basic earnings (loss) per share:
Weighted average shares of common stock	22,344	22,436	22,110	21,936	22,123	22,659	22,800	22,794	22,206	22,594	23,251
Basic earnings (loss) per share	$ 0.14	$ 0.11	$ 0.17	$ 0.11	$ 0.04	$ 0.07	$ 0.05	$ 0.02	$ 0.53	$ 0.18	$ (0.93)
Computation of common shares outstanding - diluted earnings (loss) per share:
Weighted average shares of common stock									22,206	22,594	23,251
Dilutive shares using the treasury stock method									510	203
Shares used in computing diluted earnings (loss) per share	22,928	23,049	22,624	22,262	22,338	22,880	23,019	22,951	22,716	22,797	23,251
Diluted earnings (loss) per share	$ 0.14	$ 0.11	$ 0.16	$ 0.11	$ 0.04	$ 0.07	$ 0.05	$ 0.02	$ 0.52	$ 0.18	$ (0.93)

Business and Significant Acco49

Business and Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Business and Significant Accounting Policies Additional (Textual)
Period of warranty	1 year
Description of an uncertain income tax position recognized	An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.
Net gains or (losses) from foreign currency translation of assets and liabilities	$ 2,000,000	$ 394,000
Net gains (losses) from foreign currency transaction	1,200,000	(11,000)	$ 562,000
Additional tax payments		208,000
Gross realized gains on available-for-sale-securities	$ 238,000	$ 179,000	$ 1,000,000
Inventory turnover period	365 days
Stock rotation privileges, Percentage	10.00%
Comparison of delivery periods for inventory, Description	The quantities on hand in each part number category are compared to the quantity that was shipped in the previous twelve months, the quantity in backlog and to the quantity expected to ship in the next twelve months.
Stock Option [Member]
Business and Significant Accounting Policies Additional (Textual)
Number of shares excluded from the computation of diluted net earnings per share	616,000	1,900,000	2,400,000
Restricted Stock [Member]
Business and Significant Accounting Policies Additional (Textual)
Number of shares excluded from the computation of diluted net earnings per share		1,138	525,000
Maximum [Member]
Business and Significant Accounting Policies Additional (Textual)
Ownership interest	49.00%
Interest in privately held companies	20.00%
Stock rotation privileges, Percentage	10.00%
Period of payments from customers	60 days
Minimum [Member]
Business and Significant Accounting Policies Additional (Textual)
Ownership interest	20.00%
Stock rotation privileges, Percentage	1.00%
Period of payments from customers	30 days
Land [Member] | Maximum [Member]
Business and Significant Accounting Policies Additional (Textual)
Estimated useful life	50 years
Land [Member] | Minimum [Member]
Business and Significant Accounting Policies Additional (Textual)
Estimated useful life	15 years
Land use right [Member] | Maximum [Member]
Business and Significant Accounting Policies Additional (Textual)
Estimated useful life	50 years
Land use right [Member] | Minimum [Member]
Business and Significant Accounting Policies Additional (Textual)
Estimated useful life	15 years

Other Receivables (Details)

Other Receivables (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Components of other receivables
Interest receivable	$ 1,267	$ 1,516
VAT and other tax receivables	471	1,031
Other accounts receivable	639	331
Other receivables	$ 2,377	$ 2,878

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Inventories
Finished goods	$ 4,552	$ 3,991
Work-in-process	2,812	2,468
Raw materials	6,249	5,829
Inventories	$ 13,613	$ 12,288

Inventories (Details Textual)

Inventories (Details Textual) - USD ($) $ in Millions	Jun. 27, 2015	Jun. 28, 2014
Inventories (Textual)
Inventory reserved	$ 2.8	$ 3.2

Property, Plant and Equipment53

Property, Plant and Equipment - Net (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Property, Plant and Equipment
Total	$ 119,534	$ 116,783
Accumulated depreciation and amortization	(63,594)	(59,500)
Construction-in-progress	1,806	1,254
Property, plant and equipment - net	57,746	58,537
Machinery and equipment [Member]
Property, Plant and Equipment
Total	56,595	55,408
Buildings [Member]
Property, Plant and Equipment
Total	36,594	36,196
Computer equipment and software [Member]
Property, Plant and Equipment
Total	14,858	13,742
Land [Member]
Property, Plant and Equipment
Total	9,622	9,473
Furniture and fixtures [Member]
Property, Plant and Equipment
Total	1,250	1,218
Leasehold improvements [Member]
Property, Plant and Equipment
Total	499	595
Vehicles [Member]
Property, Plant and Equipment
Total	$ 116	$ 151

Property, Plant and Equipment54

Property, Plant and Equipment - Net (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Property plant and equipment net (Textual)
Depreciation expense	$ 5.7	$ 6.4	$ 7.4

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Other assets
Land use rights	$ 6,365	$ 6,631
Investments in privately held companies	1,224	1,243
Deposits	109	118
Other	333	126
Total	$ 8,031	$ 8,118

Other Assets (Details Textual)

Other Assets (Details Textual) - USD ($)	12 Months Ended
	Jun. 27, 2015	Jun. 29, 2013	Jun. 30, 2012
Other assets (Textual)
Period of construction operation	50 years
Impairment charges relating to investments in privately held companies	$ 0	$ 0	$ 0

Investment in Unconsolidated 57

Investment in Unconsolidated Affiliate (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Investment in unconsolidated affiliate
Jiyuan Crystal Photoelectric Frequency Technology Ltd.	$ 2,311	$ 2,445

Investment in Unconsolidated 58

Investment in Unconsolidated Affiliate (Details Textual) - USD ($)	3 Months Ended								12 Months Ended
	Jun. 27, 2015	Mar. 28, 2015	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Investment in Unconsolidated Affiliate (Textual)
Noncontrolling Interest, Description									Is more than 20
Percentage of net earnings									50% or less
Amount of consolidated retained earnings of the Company represented by undistributed earnings of 50% or less	$ 4,100,000								$ 4,100,000
Allocated portion of JCP's income, increased	$ (27,000)	$ (35,000)	$ (74,000)	$ (39,000)	$ (50,000)	$ (13,000)	$ (27,000)	$ (43,000)	$ (175,000)	$ (132,000)	$ (215,000)
Maximum [Member]
Investment in Unconsolidated Affiliate (Textual)
Equity interest	49.00%								49.00%
Minimum [Member]
Investment in Unconsolidated Affiliate (Textual)
Equity interest	20.00%								20.00%
Jiyuan Crystal Photoelectric Frequency Technology Ltd [Member]
Investment in Unconsolidated Affiliate (Textual)
Equity interest	49.00%								49.00%
JCP declared dividend, decreased									$ (117,000)	212,000
Allocated portion of JCP's income, increased									$ 175,000	$ 132,000

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Summary of components of other intangible assets and related accumulated amortization as part of business combinations
Finite lived intangible assets. Gross	$ 19,259	$ 19,458
Finite lived intangible assets, Accumulated Amortization	(15,588)	(12,849)
Finite lived intangible assets, Net	3,671	6,609
Purchased intangible assets, Gross	19,645	19,858
Purchased intangible assets, Accumulated Amortization	(15,588)	(12,849)
Purchased intangible assets, Net	4,057	7,009
SaRonix trade name [Member]
Summary of components of other intangible assets and related accumulated amortization as part of business combinations
Indefinite lived intangible assets, Gross	$ 386	$ 400
Indefinite lived intangible assets, Accumulated Amortization
Indefinite lived intangible assets, Net	$ 386	$ 400
Customer relationships [Member]
Summary of components of other intangible assets and related accumulated amortization as part of business combinations
Finite lived intangible assets. Gross	6,008	6,056
Finite lived intangible assets, Accumulated Amortization	(4,862)	(3,913)
Finite lived intangible assets, Net	1,146	2,143
In process research and development [Member]
Summary of components of other intangible assets and related accumulated amortization as part of business combinations
Finite lived intangible assets. Gross	3,539	3,564
Finite lived intangible assets, Accumulated Amortization	(2,543)	(1,959)
Finite lived intangible assets, Net	996	1,605
Core developed technology [Member]
Summary of components of other intangible assets and related accumulated amortization as part of business combinations
Finite lived intangible assets. Gross	9,712	9,838
Finite lived intangible assets, Accumulated Amortization	(8,183)	(6,977)
Finite lived intangible assets, Net	$ 1,529	$ 2,861

Intangible Assets (Details 1)

Intangible Assets (Details 1) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Summary of future amortization expense associated with intangible assets
2,016	$ 2,883
2,017	$ 788
2018 and beyond
Total	$ 3,671	$ 6,609
Customer relationships [Member]
Summary of future amortization expense associated with intangible assets
2,016	982
2,017	$ 164
2018 and beyond
Total	$ 1,146	2,143
In process research and development [Member]
Summary of future amortization expense associated with intangible assets
2,016	590
2,017	$ 406
2018 and beyond
Total	$ 996	1,605
Core developed technology [Member]
Summary of future amortization expense associated with intangible assets
2,016	1,311
2,017	$ 218
2018 and beyond
Total	$ 1,529	$ 2,861

Intangible Assets (Details Text

Intangible Assets (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Intangible Assets (Textual)
Amortization expense related to finite-lived purchased intangible assets	$ 2.9	$ 3	$ 3.1
Finite lived intangible assets weighted average useful lives	5 years
Customer Relationships [Member]
Intangible Assets (Textual)
Finite lived intangible assets weighted average useful lives	2 years
Developed Technology Rights [Member]
Intangible Assets (Textual)
Finite lived intangible assets weighted average useful lives	2 years
In process research and development [Member]
Intangible Assets (Textual)
Finite lived intangible assets weighted average useful lives	2 years

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Schedule of accrued liabilities
Accrued compensation	$ 6,489	$ 6,892
Income taxes payable	2,280	1,140
Sales commissions	347	307
Other accrued expenses	2,309	1,595
Total accrued liabilities	$ 11,425	$ 9,934

Debt (Details)

Debt (Details) - Jun. 27, 2015 TWD in Millions, $ in Millions	USD ($)	TWD
Unsecured Facility [Member]
Debt (Textual)
Unsecured debt	$ 3.2	TWD 100
Maximum borrowing capacity	$ 2.3	70
Taiwan interbank offered rate	1.25%
Unsecured and secured facility term period	Loans under this facility are limited to $70 million NTD (U.S. $2.3 million), are for up to 180 days, and are based on the Taiwan Interbank Offered Rate ("TAIBOR") plus 1.25% and may be in NTD, USD, Japanese yen ("JPY") or other currencies.
Unsecured Facility One [Member]
Debt (Textual)
Unsecured debt	$ 2.6	80
Maximum borrowing capacity	$ 1.9	60
Unsecured and secured facility term period	Loans under this facility are limited to $60 million NTD (U.S. $1.9 million), are for up to 180 days, with the interest rate determined on a case by case basis, and may be in NTD, USD, or JPY.
Secured Facility [Member]
Debt (Textual)
Secured facility	$ 6	TWD 200
Unsecured and secured facility term period	The loans are for up to 180 days, and may be in NTD, USD, JPY or other currencies, with the interest rate based on a spread over various benchmark rates depending upon the currency.

Restricted Assets (Details)

Restricted Assets (Details) - PSE-TW [Member] - USD ($) $ in Millions	Jun. 27, 2015	Jun. 28, 2014
Restricted Assets (Textual)
Other restricted assets, total	$ 4	$ 4.2
Loan and credit facility	$ 200	$ 200

Commitments and Contingencies65

Commitments and Contingencies (Details) $ in Thousands	Jun. 27, 2015USD ($)
Future minimum commitments
2,016	$ 1,094
2,017	307
2,018	252
2,019	9
2,020	9
Thereafter	4
Total	1,675
Operating lease payments [Member]
Future minimum commitments
2,016	423
2,017	290
2,018	252
2,019	9
2,020	9
Thereafter	4
Total	987
Capital equipment purchase commitments [Member]
Future minimum commitments
2,016	$ 11
2,017
2,018
2,019
2,020
Thereafter
Total	$ 11
Facility modification commitments [Member]
Future minimum commitments
2,016	660
2,017	$ 17
2,018
2,019
2,020
Thereafter
Total	$ 677

Commitments and Contingencies66

Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Commitments and Contingencies (Textual)
Rent expense	$ 588,000	$ 801,000	$ 2,000,000

Industrial Development Subsidy

Industrial Development Subsidy (Details) - USD ($)	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Industrial Development Subsidy (Textual)
Subsidy recieved	$ 11,900,000	$ 843,000
Remaining subsidy	$ 5,400,000	6,400,000
Period over which remaining subsidy to be recognized	Five to seven years.
Subsidy used in reduction in cost of goods sold	$ 747,000	755,000	$ 1,300,000
Subsidy used in reduction in cost of operating expenses	$ 185,000	$ 187,000	$ 183,000

Equity and Comprehensive Inco68

Equity and Comprehensive Income (Details) - USD ($)	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Equity and Comprehensive Income (Textual)
Accumulated other comprehensive income	$ 9,015,000	$ 11,170,000
Accumulated currency translation gains included in accumulated other comprehensive income	9,000,000	11,000,000
Net unrealized gains on available-for-sale investments	21,000	300,000
Tax provision/benefit	$ 2,000	$ 168,000

Shareholders Equity and Share-B

Shareholders Equity and Share-Based Compensation (Details) - Stock Option [Member]	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Assumptions of the Company used to value stock options:
Expected life	5 years 10 months 24 days	5 years 10 months 24 days	5 years 10 months 24 days
Risk-free interest rate	1.74%	1.47%	1.05%
Volatility	49.00%	52.00%	54.00%
Dividend yield	0.00%	0.00%	0.00%

Shareholders Equity and Share70

Shareholders Equity and Share-Based Compensation (Details 1) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Stock Option Plans
Beginning Balance, Options outstanding	2,085	2,431	2,453
Options outstanding, granted	84	236	233
Option outstanding, exercised	(816)	(190)	(6)
Option outstanding, forfeited or expired	(104)	(392)	(249)
Ending Balance, Option outstanding	1,249	2,085	2,431
Option outstanding, Options vested and expected to vest at June 27, 2015	1,236
Option outstanding, Options exercisable at June 27, 2015	1,039
Beginning Balance, Weighted Average Exercise Price	$ 10.25	$ 10.25	$ 10.34
Weighted Average Exercise Price, granted	10.12	8.16	8.07
Weighted Average Exercise Price, exercised	9.02	8.25	7.87
Weighted Average Exercise Price, forfeited or expired	11.77	9.96	9.17
Ending Balance, Weighted Average Exercise Price	10.92	$ 10.25	$ 10.25
Weighted Average Exercise Price, Options vested and expected to vest at June 27, 2015	10.95
Weighted Average Exercise Price, Options exercisable at June 27, 2015	$ 11.37
Beginning Balance, Weighted Average Remaining Contractual Term, Options outstanding	4 years 6 months 15 days	4 years 10 months 10 days	5 years 1 month 13 days
Ending Balance, Weighted Average Remaining Contractual Term, Options outstanding	4 years 8 months 1 day	4 years 6 months 15 days	4 years 10 months 10 days
Weighted Average Remaining Contractual Term, Options vested and expected to vest at June 27, 2015	4 years 7 months 13 days
Weighted Average Remaining Contractual Term, Options exercisable at June 27, 2015	3 years 10 months 24 days
Beginning Balance, Aggregate Intrinsic Value	$ 1,077	$ 52	$ 921
Ending Balance, Aggregate Intrinsic Value	4,501	$ 1,077	$ 52
Aggregate intrinsic value, Options vested and expected to vest at June 27, 2015	4,427
Aggregate intrinsic value, Options exercisable at June 27, 2015	$ 3,383

Shareholders Equity and Share71

Shareholders Equity and Share-Based Compensation (Details 2) - Jun. 27, 2015 - $ / shares	Total
Exercise price range one [Member]
Share based compensation arrangement by share based payment award options outstanding exercise price range
Range of Exercise Price, Lower range limit	$ 5.48
Range of Exercise Price, Upper range limit	$ 8.10
Range of Exercise Prices, Number Outstanding	252,997
Range of Exercise Prices, Weighted Average Remaining Contractual Term	6 years 11 months 9 days
Range of Exercise Prices, Weighted Average Exercise Price	$ 7.65
Range of Exercise Prices, Number Exercisable	147,338
Range of Exercise Prices, Weighted Average Exercise Price	$ 7.62
Exercise price range two [Member]
Share based compensation arrangement by share based payment award options outstanding exercise price range
Range of Exercise Price, Lower range limit	8.11
Range of Exercise Price, Upper range limit	$ 8.85
Range of Exercise Prices, Number Outstanding	261,537
Range of Exercise Prices, Weighted Average Remaining Contractual Term	4 years 9 months 4 days
Range of Exercise Prices, Weighted Average Exercise Price	$ 8.56
Range of Exercise Prices, Number Exercisable	224,771
Range of Exercise Prices, Weighted Average Exercise Price	$ 8.54
Exercise price range three [Member]
Share based compensation arrangement by share based payment award options outstanding exercise price range
Range of Exercise Price, Lower range limit	8.86
Range of Exercise Price, Upper range limit	$ 10.25
Range of Exercise Prices, Number Outstanding	254,617
Range of Exercise Prices, Weighted Average Remaining Contractual Term	5 years 1 month 2 days
Range of Exercise Prices, Weighted Average Exercise Price	$ 9.83
Range of Exercise Prices, Number Exercisable	207,785
Range of Exercise Prices, Weighted Average Exercise Price	$ 9.98
Exercise price range four [Member]
Share based compensation arrangement by share based payment award options outstanding exercise price range
Range of Exercise Price, Lower range limit	10.26
Range of Exercise Price, Upper range limit	$ 15.45
Range of Exercise Prices, Number Outstanding	314,676
Range of Exercise Prices, Weighted Average Remaining Contractual Term	3 years 7 months 13 days
Range of Exercise Prices, Weighted Average Exercise Price	$ 13.53
Range of Exercise Prices, Number Exercisable	293,345
Range of Exercise Prices, Weighted Average Exercise Price	$ 13.58
Exercise price range five [Member]
Share based compensation arrangement by share based payment award options outstanding exercise price range
Range of Exercise Price, Lower range limit	15.46
Range of Exercise Price, Upper range limit	$ 18.10
Range of Exercise Prices, Number Outstanding	165,500
Range of Exercise Prices, Weighted Average Remaining Contractual Term	2 years 4 months 21 days
Range of Exercise Prices, Weighted Average Exercise Price	$ 16.36
Range of Exercise Prices, Number Exercisable	165,500
Range of Exercise Prices, Weighted Average Exercise Price	$ 16.36
Exercise price range six [Member]
Share based compensation arrangement by share based payment award options outstanding exercise price range
Range of Exercise Price, Lower range limit	5.48
Range of Exercise Price, Upper range limit	$ 18.10
Range of Exercise Prices, Number Outstanding	1,249,327
Range of Exercise Prices, Weighted Average Remaining Contractual Term	4 years 8 months 1 day
Range of Exercise Prices, Weighted Average Exercise Price	$ 10.92
Range of Exercise Prices, Number Exercisable	1,038,739
Range of Exercise Prices, Weighted Average Exercise Price	$ 11.37

Shareholders Equity and Share72

Shareholders Equity and Share-Based Compensation (Details 3) - Restricted Stock Units (RSUs) [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013	Jun. 30, 2012
Summary of RSUs activities
RSUs outstanding, Beginning balance	649	525	504
RUSs outstanding, Awarded	433	416	301
RUSs outstanding, Released	(228)	(196)	(217)
RUSs outstanding, Forfeited	(85)	(96)	(63)
RSUs outstanding, Ending balance	769	649	525	504
RSUs and PSUs expected to vest after June 27, 2015, Number of Shares	695
RSUs outstanding, Weighted Average Grant Date Fair Value, Beginning balance	$ 8.23	$ 8.20	$ 9.06
RUSs Awarded, Weighted Average Grant Date Fair Value	11.12	8.46	7.74
RUSs Released, Weighted Average Grant Date Fair Value	8.27	8.61	9.55
RUSs Forfeited, Weighted Average Grant Date Fair Value	8.98	8.26	8.24
RSUs outstanding, Weighted Average Grant Date Fair Value, Ending balance	9.76	$ 8.23	$ 8.20	$ 9.06
RSUs and PSUs expected to vest after June 27, 2015, Weighted Average Grant Date Fair Value	$ 9.73
RSUs outstanding, Weighted Average Remaining Vesting Term	1 year 3 months 29 days	1 year 6 months 29 days	1 year 5 months 23 days	1 year 5 months 1 day
RSUs and PSUs expected to vest after June 27, 2015, Weighted Average Remaining Vesting Term	1 year 3 months
RSUs outstanding, Aggregate Intrinsic Value, Beginning balance	$ 5,901	$ 3,735	$ 4,535
RSUs outstanding, Aggregate Intrinsic Value, Ending balance	10,792	$ 5,901	$ 3,735	$ 4,535
RSUs and PSUs expected to vest after June 27, 2015, Aggregate Intrinsic Value	$ 9,755

Shareholders Equity and Share73

Shareholders Equity and Share-Based Compensation (Details 4) - Stock purchase plan [Member]	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Assumptions used to value share-based compensation in ESPP
Expected life	6 months	6 months	6 months
Risk-free interest rate	0.05%	0.07%	0.12%
Volatility range, Minimum	34.00%	26.00%	35.00%
Volatility range, Maximum	37.00%	34.00%	37.00%
Dividend yield	0.00%	0.00%	0.00%

Shareholders Equity and Share74

Shareholders Equity and Share-Based Compensation (Details 5) - 12 months ended Jun. 27, 2015 - $ / shares	Total
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Beginning Balance, Available	1,581,556
Purchases	(100,381)
Ending Balance, Available	1,481,175
Purchase, Weighted average price	$ 7.87

Shareholders Equity and Share75

Shareholders Equity and Share-Based Compensation (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Share based compensation expenses classified by consolidated statement of operations
Pre-tax stock-based compensation expense	$ 3,971	$ 2,792	$ 3,340
Income tax effect	(1,322)	(910)	(1,101)
Net stock-based compensation expense	2,649	1,882	2,239
Cost of revenue [Member]
Share based compensation expenses classified by consolidated statement of operations
Pre-tax stock-based compensation expense	242	163	187
Research and development [Member]
Share based compensation expenses classified by consolidated statement of operations
Pre-tax stock-based compensation expense	1,201	1,096	1,282
Selling, general and administrative [Member]
Share based compensation expenses classified by consolidated statement of operations
Pre-tax stock-based compensation expense	$ 2,528	$ 1,533	$ 1,871

Shareholders Equity and Share76

Shareholders Equity and Share-Based Compensation (Details Textual)	12 Months Ended
	Jun. 27, 2015USD ($)Stock_Option_Plan$ / sharesshares	Jun. 28, 2014USD ($)$ / sharesshares	Jun. 29, 2013USD ($)$ / sharesshares	Apr. 24, 2014shares	Apr. 26, 2012shares
Shareholders equity and share based compensation (Textual)
Income tax benefits recognized | $	$ 1,300,000	$ 910,000	$ 1,100,000
Reduction in net income due to sharebased compensation | $	$ 2,700,000	$ 1,900,000	$ 2,200,000
Reduction in net income per diluted share due to sharebased compensation | $ / shares	$ 0.12	$ 0.08	$ 0.10
Repurchase of common stock, Authorized				20,000,000	25,000,000
Stock repurchased during period, value | $	$ 10,900,000	$ 11,300,000	$ 7,800,000
Stock repurchased during period, shares	937,729	1,354,511	1,100,306
Amount of remaining stock repurchase | $	$ 15,700,000
Weighted Average Exercise Price, granted | $ / shares	$ 10.12	$ 8.16	$ 8.07
Aggregate intrinsic value, Options vested and expected to vest at June 27, 2015 | $	$ 4,427,000
Board of Directors [Member]
Shareholders equity and share based compensation (Textual)
Preferred stock, shares authorized	5,000,000
Preferred stock, shares issued	0
Restricted Stock Units (RSUs) [Member]
Shareholders equity and share based compensation (Textual)
Options vesting period	4 years
Unamortized sharebased compensation expense | $	$ 4,500,000
Weighted average period of recognition	2 years 3 months 18 days
Number of shares awarded during the period	433,000	416,000	301,000
RUS's outstanding, Forfeited	85,000	96,000	63,000
Performance Stock Units [Member]
Shareholders equity and share based compensation (Textual)
Number of shares awarded during the period	113,000
RUS's outstanding, Forfeited	18,000
Restricted Stock Units And Performance Stock Units [Member]
Shareholders equity and share based compensation (Textual)
Number of shares awarded during the period	320,000
RUS's outstanding, Forfeited	67,000
Stock option Plan [Member]
Shareholders equity and share based compensation (Textual)
Number of stock option plan | Stock_Option_Plan	3
Reserve of common stock for issuance to employees and officers | $	$ 6,400,000
Options vesting period	48 months
Option expiration period	10 years
Unamortized sharebased compensation expense | $	$ 756,000
Weighted average period of recognition	2 years 2 months 12 days
Shares available for future grant	3,500,000
Aggregate intrinsic value, Options vested and expected to vest at June 27, 2015 | $	$ 2,700,000	$ 177,000	$ 2,000
2010 Employee stock purchase plan [Member]
Shareholders equity and share based compensation (Textual)
Number of stock option plan | Stock_Option_Plan	1
Aggregate compensation expenses related to grant of option and restricted stock units | $	$ 4,000,000	$ 2,800,000	$ 3,300,000
Reserve of common stock for issuance to employees and officers | $	2,000,000
Unamortized sharebased compensation expense | $	$ 68,000
Shares available for future grant	1,500,000
Weighted Average Exercise Price, granted | $ / shares	$ 77.87	$ 6.02	$ 5.98
Purchase option for participants in purchase period	85% of the lower of the stock's fair market value on the first day and last day of the purchase period.
Maximum number of common stock by employees in purchase period	1,500
Maximum amount that can be accrued in offering periog for stock purchased | $	$ 15,000
Shares issued under ESOP plan	100,000	129,000	125,000
Weighted average fair value of options granted | $ / shares	$ 2.80	$ 1.75	$ 1.65

Shareholder Rights Plan (Detail

Shareholder Rights Plan (Details) - Jun. 28, 2014 - $ / shares	Total
Stockholder Rights Plan (Textual)
Condition for right to become exercisable	The rights will become exercisable only upon the occurrence of certain events specified in the plan, including the acquisition of 15% of the Company's outstanding common stock by a person or group. Should a person or group acquire 15% or more of the outstanding common stock or announce an unsolicited tender offer, the consummation of which would result in a person or group acquiring 15% or more of the outstanding common stock, shareholders other than the acquiring person may exercise the rights.
Discount rate on then prevailing market price	50.00%
Exercise price of rights	$ 0.001
Expiration date of rights	Mar. 6, 2022
Rights outstanding	21,974,000
Series D Junior Participating Preferred Stock [Member]
Stockholder Rights Plan (Textual)
Condition to exercise right	To purchase one one-thousandth of a share

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands		Jun. 27, 2015	Jun. 28, 2014
Level 1 [Member]
Fair value mesurement
Total	[1]		$ 527
Level 1 [Member] | US Treasury securities [Member]
Fair value mesurement
Total	[1]		$ 527
Level 1 [Member] | Repurchase Agreements [Member]
Fair value mesurement
Total	[1]
Level 1 [Member] | Time Deposits [Member]
Fair value mesurement
Total	[1]
Level 1 [Member] | National government and agency securities [Member]
Fair value mesurement
Total	[1]
Level 1 [Member] | State and municipal bond obligations [Member]
Fair value mesurement
Total	[1]
Level 1 [Member] | Corporate bonds and notes [Member]
Fair value mesurement
Total	[1]
Level 1 [Member] | Asset backed Securities [Member]
Fair value mesurement
Total	[1]
Level 1 [Member] | Mortgage backed securities [Member]
Fair value mesurement
Total	[1]
Level 2 [Member]
Fair value mesurement
Total	[1]	$ 110,887	$ 89,624
Level 2 [Member] | US Treasury securities [Member]
Fair value mesurement
Total	[1]
Level 2 [Member] | Repurchase Agreements [Member]
Fair value mesurement
Total	[1]	$ 463	$ 4,547
Level 2 [Member] | Time Deposits [Member]
Fair value mesurement
Total	[1]	42,277	17,693
Level 2 [Member] | National government and agency securities [Member]
Fair value mesurement
Total	[1]	4,673	5,055
Level 2 [Member] | State and municipal bond obligations [Member]
Fair value mesurement
Total	[1]	4,490	7,149
Level 2 [Member] | Corporate bonds and notes [Member]
Fair value mesurement
Total	[1]	46,857	42,781
Level 2 [Member] | Asset backed Securities [Member]
Fair value mesurement
Total	[1]	6,986	7,614
Level 2 [Member] | Mortgage backed securities [Member]
Fair value mesurement
Total	[1]	$ 5,141	$ 4,785
Level 3 [Member]
Fair value mesurement
Total	[1]
Level 3 [Member] | US Treasury securities [Member]
Fair value mesurement
Total	[1]
Level 3 [Member] | Repurchase Agreements [Member]
Fair value mesurement
Total	[1]
Level 3 [Member] | Time Deposits [Member]
Fair value mesurement
Total	[1]
Level 3 [Member] | National government and agency securities [Member]
Fair value mesurement
Total	[1]
Level 3 [Member] | State and municipal bond obligations [Member]
Fair value mesurement
Total	[1]
Level 3 [Member] | Corporate bonds and notes [Member]
Fair value mesurement
Total	[1]
Level 3 [Member] | Asset backed Securities [Member]
Fair value mesurement
Total	[1]
Level 3 [Member] | Mortgage backed securities [Member]
Fair value mesurement
Total	[1]
Fair Value [Member]
Fair value mesurement
Total	[1]	$ 110,887	$ 90,151
Fair Value [Member] | US Treasury securities [Member]
Fair value mesurement
Total	[1]		527
Fair Value [Member] | Repurchase Agreements [Member]
Fair value mesurement
Total	[1]	$ 463	4,547
Fair Value [Member] | Time Deposits [Member]
Fair value mesurement
Total	[1]	42,277	17,693
Fair Value [Member] | National government and agency securities [Member]
Fair value mesurement
Total	[1]	4,673	5,055
Fair Value [Member] | State and municipal bond obligations [Member]
Fair value mesurement
Total	[1]	4,490	7,149
Fair Value [Member] | Corporate bonds and notes [Member]
Fair value mesurement
Total	[1]	46,857	42,781
Fair Value [Member] | Asset backed Securities [Member]
Fair value mesurement
Total	[1]	6,986	7,614
Fair Value [Member] | Mortgage backed securities [Member]
Fair value mesurement
Total	[1]	$ 5,141	$ 4,785
[1]	At June 27, 2015, $20.1 million of the time deposits and all of the repurchase agreements are included in cash and cash equivalents. At June 28, 2014, $4.0 million of the repurchase agreements are included in cash and cash equivalents.The balance of the investments at June 27, 2015 and June 28, 2014 are included in short-term investments in marketable securities in the consolidated balance sheets.

Fair Value Measurements (Deta79

Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Fair Value Measurements (Textual)
Fair value assets transfers between level 1 and level 2	$ 0	$ 0
Time Deposits [Member]
Fair Value Measurements (Textual)
Cash and cash equivalents	$ 20,100
Repurchase Agreements [Member]
Fair Value Measurements (Textual)
Cash and cash equivalents		$ 4,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 27, 2015	Mar. 28, 2015	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Income (loss) before income taxes
U.S.									$ 446	$ (1,282)	$ 12,176
Foreign									13,969	5,044	(27,782)
Income (loss) before income taxes	$ 3,194	$ 3,064	$ 4,691	$ 3,466	$ 1,125	$ 1,207	$ 867	$ 562	14,415	3,762	(15,606)
Federal
Current									(51)	(1,366)	5,424
Deferred									310	95	141
Federal Income Tax Expense (Benefit), Continuing Operations									259	$ (1,271)	5,565
State
Current									3		7
Deferred									29	$ (12)	(172)
State and Local Income Tax Expense (Benefit), Continuing Operations									32	(12)	(165)
Foreign
Current									2,801	953	672
Deferred									(327)	100	151
Foreign Income Tax Expense (Benefit), Continuing Operations									2,474	1,053	823
Total current									2,753	(413)	6,103
Total deferred									(414)	90	(182)
Total income tax expense (benefit)	$ 7	$ 635	$ 1,113	$ 1,010	$ 291	$ (421)	$ (331)	$ 231	$ 2,765	$ (230)	$ 6,223

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Tax provision at federal statutory rate	34.00%	34.00%	33.80%
State income taxes, net of federal benefit	(0.40%)	(1.30%)	2.10%
Foreign income and withholding taxes	(13.20%)	1.70%	(67.90%)
Benefits from resolution of certain tax audits and expiration of statute of limitations		(21.80%)	0.80%
Intercompany licensing of intellectual property		(27.10%)	(6.50%)
Share-based compensation	0.80%	3.40%	(1.10%)
Research and development tax credits		(2.30%)
Change in valuation allowance	(0.20%)	0.50%	(1.80%)
Other	(1.80%)	6.80%	0.70%
Income tax expense	19.20%	(6.10%)	(39.90%)

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Jun. 27, 2015	Jun. 28, 2014
Deferred tax assets:
Credit carryforwards	$ 3,395	$ 2,778
Accruals and reserves	576	843
Cumulative loss on investment	406	400
Depreciation and amortization	(871)	(933)
Net operating loss carryforward	664	1,418
Share-based compensation	2,941	3,013
Other	301	781
Total	7,412	8,300
Valuation allowance	(4,373)	(5,114)
Deferred tax assets	3,039	3,186
Deferred tax liabilities:
Gain on previously held shares in unconsolidated affiliate	(3,838)	(3,793)
Acquired PTI intangibles and other	(867)	(1,667)
Deferred tax liabilities	$ (4,705)	$ (5,460)

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Income Taxes [Abstract]
Beginning balance	$ (1,731)	$ (3,033)	$ (1,607)
Gross increases - prior period tax positions	(53)	(411)	(135)
Gross increases - current period tax positions	(495)	(194)	$ (1,423)
Reductions - Gross increases - prior period tax positions	21	1,020
Reductions as a result of a lapse of statute of limitations	65	887	$ 132
Ending Balance	$ (2,193)	$ (1,731)	$ (3,033)

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013	Jun. 30, 2012
Income Taxes (Textual)
Change in valuance allowance, deferred tax assets	$ (741,000)	$ 50,000
Income tax examination year under examination, range		2009 through 2015
Balance of unrecognized tax benefits that would affect the Company's effective tax rate if recognized	1,200,000
Unrecognized tax benefits	(2,193,000)	$ (1,731,000)	$ (3,033,000)	$ (1,607,000)
Undistributed earnings reported by certain foreign subsidiaries	53,300,000
Non-U.S. income (loss) before income tax	13,969,000	$ 5,044,000	$ (27,782,000)
Accrued interest and penalties related to unrecognized tax benefits	227,000
Federal taxable income [Member]
Income Taxes (Textual)
Research and development tax credit carryforwards	$ 350,000
Expiration of tax credit carryforwards	2,034
State taxable income [Member]
Income Taxes (Textual)
Research and development tax credit carryforwards	$ 5,600,000
PSE-SD in China
Income Taxes (Textual)
Net operating loss carryforwards	$ 2,000,000
Operating loss carryforwards begins to expiration date	2,016
PTI in Hong Kong
Income Taxes (Textual)
Net operating loss carryforwards	$ 2,200,000
Operating loss carryforwards begins to expiration date	No expiration

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($) None in scaling factor is -9223372036854775296	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Compensation and Retirement (Textual)
Employer-matching contributions, percentage

Industry and Geographical Seg86

Industry and Geographical Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Schedule of net sales and net book value of long-lived assets by geographical segment
Total net sales	$ 128,835	$ 128,068	$ 129,255
Total long-lived assets	57,746	58,537	60,959
China (including Hong Kong) [Member]
Schedule of net sales and net book value of long-lived assets by geographical segment
Total net sales	58,722	61,054	61,486
Total long-lived assets	31,211	32,234	35,180
Taiwan [Member]
Schedule of net sales and net book value of long-lived assets by geographical segment
Total net sales	45,353	39,463	43,144
Total long-lived assets	10,974	12,914	14,120
United States [Member]
Schedule of net sales and net book value of long-lived assets by geographical segment
Total net sales	6,177	5,927	6,517
Total long-lived assets	14,392	12,154	10,799
Korea [Member]
Schedule of net sales and net book value of long-lived assets by geographical segment
Total long-lived assets	1,024	1,067	659
Others (less than 10% each) [Member]
Schedule of net sales and net book value of long-lived assets by geographical segment
Total net sales	18,583	21,624	18,108
Total long-lived assets	$ 145	$ 168	$ 221

Industry and Geographical Seg87

Industry and Geographical Segment Information (Details Textual)	12 Months Ended
	Jun. 27, 2015Segment
Segment Reporting Textual [Abstract]
Number of operating segments	2

Quarterly Financial Data (Una88

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 27, 2015	Mar. 28, 2015	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Summary of quarterly operating results and share data
Net revenues	$ 30,564	$ 31,757	$ 33,255	$ 33,259	$ 32,739	$ 30,681	$ 32,040	$ 32,608	$ 128,835	$ 128,068	$ 129,255
Cost of revenues	16,360	17,054	18,427	19,179	19,188	18,175	19,820	19,800	71,021	76,983	81,388
Gross profit	14,204	14,703	14,828	14,080	13,551	12,506	12,220	12,808	57,814	51,085	47,867
Operating expenses:
Research and development	4,261	4,614	4,390	4,588	4,782	4,694	5,274	5,045	17,853	19,795	21,017
Selling, general and administrative	7,444	7,573	7,682	7,300	8,100	7,407	7,126	7,687	29,998	30,320	29,581
Total operating expenses	11,705	12,187	12,072	11,888	12,882	12,101	12,400	12,732	47,851	50,115	67,497
Income from operations	2,499	2,516	2,756	2,192	669	405	(180)	76	9,963	970	(19,630)
Interest and other income, net	695	548	1,935	1,274	456	802	1,047	486	4,452	2,792	4,043
Income before income tax expense	3,194	3,064	4,691	3,466	1,125	1,207	867	562	14,415	3,762	(15,606)
Income tax expense	7	635	1,113	1,010	291	(421)	(331)	231	2,765	(230)	6,223
Net income from consolidated companies	3,187	2,429	3,578	2,456	834	1,628	1,198	331	11,650	3,992	(21,829)
Equity in net income of unconsolidated affiliates	27	35	74	39	50	13	27	43	175	132	215
Net income	$ 3,214	$ 2,464	$ 3,652	$ 2,495	$ 884	$ 1,641	$ 1,225	$ 374	$ 11,825	$ 4,124	$ (21,614)
Basic income per share	$ 0.14	$ 0.11	$ 0.17	$ 0.11	$ 0.04	$ 0.07	$ 0.05	$ 0.02	$ 0.53	$ 0.18	$ (0.93)
Diluted income per share	$ 0.14	$ 0.11	$ 0.16	$ 0.11	$ 0.04	$ 0.07	$ 0.05	$ 0.02	$ 0.52	$ 0.18	$ (0.93)
Shares used in computing basic income per share	22,344	22,436	22,110	21,936	22,123	22,659	22,800	22,794	22,206	22,594	23,251
Shares used in computing diluted income per share	22,928	23,049	22,624	22,262	22,338	22,880	23,019	22,951	22,716	22,797	23,251
Dividends declared and paid per share	$ 0.06	$ 0.06

Valuation and Qualifying Acco89

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 29, 2013
Reserves for returns and pricing adjustments
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning Balance	$ 2,436	$ 2,435	$ 2,522
Charged to Revenues	3,970	4,880	4,493
Deductions/Write-off	(4,598)	(4,879)	(4,580)
Ending Balance	1,808	2,436	2,435
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning Balance	25	76	44
Charged to Expense	16	1	49
Deductions/Write-off	(19)	(52)	(17)
Ending Balance	22	25	76
Deferred tax valuation allowance
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning Balance	$ 5,114	5,064	4,305
Charged to Expense		$ 50	$ 759
Deductions/Write-off	$ (741)
Ending Balance	$ 4,373	$ 5,114	$ 5,064