TTM (TTMI) 10-Q 10 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 29, 2015	Aug. 06, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 29, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	TTMI
Entity Registrant Name	TTM TECHNOLOGIES INC
Entity Central Index Key	1,116,942
Current Fiscal Year End Date	--12-28
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		99,124,651

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 29, 2015	Dec. 29, 2014
Current assets:
Cash and cash equivalents	$ 148,948	$ 279,042
Restricted cash	22,021
Accounts and notes receivable, net	461,483	307,933
Accounts receivable due from related parties	2,852	4,934
Inventories	295,340	145,187
Prepaid expenses and other current assets	51,965	61,027
Total current assets	982,609	798,123
Property, plant and equipment, net	1,181,434	754,718
Goodwill and definite-lived intangibles, net	470,033	31,361
Deposits and other non-current assets	45,760	17,087
Assets, Total	2,679,836	1,601,289
Current liabilities:
Short-term debt, including current portion of long-term debt and convertible notes, net of discount	87,126	128,045
Accounts payable	378,490	217,326
Accounts payable due to related parties	15,739	17,950
Accrued salaries, wages and benefits	85,235	43,497
Equipment payable	27,395	47,212
Other accrued expenses	77,580	41,982
Total current liabilities	671,565	496,012
Convertible senior notes, net of discount	200,748	197,042
Long-term debt, net of discount	910,047	177,600
Other long-term liabilities	57,212	15,171
Total long-term liabilities	$ 1,168,007	$ 389,813
Commitments and contingencies (Note 13)
Equity:
Common stock, $0.001 par value; 200,000 shares authorized, 99,122 and 83,345 shares issued and outstanding in 2015 and 2014, respectively	$ 99	$ 83
Additional paid-in capital	740,186	586,709
Retained earnings	43,255	76,421
Statutory surplus reserve	21,236	21,236
Accumulated other comprehensive income	31,436	31,015
Total TTM Technologies, Inc. stockholders' equity	836,212	715,464
Noncontrolling interest	4,052
Total equity	840,264	715,464
Liabilities and Equity, Total	$ 2,679,836	$ 1,601,289

Consolidated Condensed Balance3

Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 29, 2015	Dec. 29, 2014
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	99,122,000	83,345,000
Common stock, shares outstanding	99,122,000	83,345,000

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Net sales	$ 445,445	$ 297,635	$ 774,609	$ 589,530
Cost of goods sold	384,255	259,035	661,860	512,424
Gross profit	61,190	38,600	112,749	77,106
Operating expenses:
Selling and marketing	12,301	8,637	21,756	17,960
General and administrative	52,039	22,684	86,508	45,178
Amortization of definite-lived intangibles	3,910	2,236	5,784	4,472
Impairment of long-lived assets		1,845		1,845
Gain on sale of asset			(2,504)
Total operating expenses	68,250	35,402	111,544	69,455
Operating (loss) income	(7,060)	3,198	1,205	7,651
Other income (expense):
Interest expense	(12,778)	(5,915)	(18,543)	(12,121)
Loss on extinguishment of debt	(802)		(802)	(506)
Other, net	681	121	266	(3,274)
Total other expense, net	(12,899)	(5,794)	(19,079)	(15,901)
Loss before income taxes	(19,959)	(2,596)	(17,874)	(8,250)
Income tax (provision) benefit	(16,624)	(508)	(15,263)	1,347
Net loss	(36,583)	(3,104)	(33,137)	(6,903)
Less: Net income attributable to the noncontrolling interest	(29)		(29)
Net loss attributable to TTM Technologies, Inc. stockholders	$ (36,612)	$ (3,104)	$ (33,166)	$ (6,903)
Loss per share attributable to TTM Technologies, Inc. stockholders:
Basic loss per share	$ (0.41)	$ (0.04)	$ (0.38)	$ (0.08)
Diluted loss per share	$ (0.41)	$ (0.04)	$ (0.38)	$ (0.08)
Weighted-average shares used in computing per share amounts:
Basic	88,834	83,336	86,218	83,130
Diluted	88,834	83,336	86,218	83,130

Consolidated Condensed Stateme5

Consolidated Condensed Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Net loss	$ (36,583)	$ (3,104)	$ (33,137)	$ (6,903)
Foreign currency translation adjustments:
Unrealized gain (loss) during the period, net	1,112	(722)	2,175	(12,816)
Gain realized in the statement of operations			(1,786)
Net	1,112	(722)	389	(12,816)
Net unrealized gains (losses) on cash flow hedges:
Unrealized gain (loss) on effective cash flow hedges during the period, net			(53)	120
Loss realized in the statement of operations	43	40	85	65
Net	43	40	32	185
Unrealized gains (losses) on available for sale securities:
Unrealized loss on available for sale securities during period				(20)
Loss realized in the statement of operations		46		83
Net		46		63
Other comprehensive income (loss), net of tax	1,155	(636)	421	(12,568)
Comprehensive loss	(35,428)	(3,740)	(32,716)	(19,471)
Less: comprehensive income attributable to the noncontrolling interest	(29)		(29)
Comprehensive loss attributable to TTM Technologies, Inc. stockholders	$ (35,457)	$ (3,740)	$ (32,745)	$ (19,471)

Consolidated Condensed Stateme6

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (33,137)	$ (6,903)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation of property, plant and equipment	54,312	47,144
Amortization of definite-lived intangible assets	5,784	4,472
Accretion of convertible notes debt discount and amortization of debt issuance costs	5,890	5,032
Deferred income taxes	11,955	(1,011)
Stock-based compensation	4,354	4,099
Loss on extinguishment of debt	802	506
Impairment of long-lived assets		1,845
Gain on sale of asset	(2,504)
Other	(2,097)	2,778
Payment of accreted interest on convertible senior notes	(8,731)	(1,324)
Changes in operating assets and liabilities, net of acquisition:
Accounts and notes receivable, net	56,665	45,947
Inventories	(11,876)	(7,968)
Prepaid expenses and other current assets	11,040	6,868
Accounts payable	(7,516)	(41,784)
Accrued salaries, wages and benefits and other accrued expenses	(2,044)	(26,108)
Net cash provided by operating activities	82,897	33,593
Cash flows from investing activities:
Acquisition, net of cash acquired	(166,601)
Designation of cash and cash equivalents to restricted cash	(18,479)
Purchase of property, plant and equipment and equipment deposits	(46,463)	(53,912)
Proceeds from sale of property, plant and equipment and asset held for sale	21,297	1,071
Net cash used in investing activities	(210,246)	(52,841)
Cash flows from financing activities:
Proceeds from new long-term borrowings	950,000	30,000
Proceeds from borrowing on revolving loan	80,000
Repayment of assumed long-term debt in acquisition	(669,024)
Repayment of long-term debt borrowing	(273,802)	(48,102)
Repurchase of convertible senior notes	(23,664)	(5,411)
Payment of debt issuance costs	(33,747)	(1,626)
Payment of original issue discount	(33,250)
Purchase of convertible senior note hedge		(7,953)
Proceeds from warrants		4,053
Proceeds from exercise of stock options	427
Net cash used in financing activities	(3,060)	(29,039)
Effect of foreign currency exchange rates on cash and cash equivalents	315	(224)
Net decrease in cash and cash equivalents	(130,094)	(48,511)
Cash and cash equivalents at beginning of period	279,042	330,554
Cash and cash equivalents at end of period	148,948	282,043
Noncash transactions:
Property, plant and equipment recorded in equipment payable and accounts payable	28,464	$ 58,548
TTM Viasystems Group Inc
Noncash transactions:
Common stock issued in connection with Viasystems acquisition (Note 2)	$ 149,006

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 29, 2015
Nature of Operations and Basis of Presentation	(1) Nature of Operations and Basis of Presentation TTM Technologies, Inc. (the Company or TTM) is a leading global provider of time-critical and technologically complex printed circuit board (PCB) products and backplane assemblies (i.e., PCBs populated with electronic components and other complex electronic assemblies). The Company provides time-to-market and advanced technology products and offers a one-stop manufacturing solution to customers from engineering support to prototype development through final volume production. This one-stop manufacturing solution allows the Company to align technology developments with the diverse needs of the Company’s customers and to enable them to reduce the time required to develop new products and bring them to market. Additionally, the Company serves a diversified customer base in various markets throughout the world, including manufacturers of networking/communications infrastructure products, touchscreen tablets and smartphones, as well as the aerospace and defense, automotive, high-end computing, and industrial/medical industries. The Company’s customers include both original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers. The accompanying consolidated condensed financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations. These consolidated condensed financial statements reflect all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the financial position, the results of operations and cash flows of the Company for the periods presented. It is suggested that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s most recent Annual Report on Form 10-K. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated condensed financial statements and accompanying notes. Actual results could differ materially from those estimates. The Company uses a 13-week fiscal quarter accounting period with the fourth quarter ending on the Monday nearest December 31. Recently Issued Accounting Standards In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2015-03, Interest-Imputation of Interest In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers

Acquisition of Viasystems Group

Acquisition of Viasystems Group, Inc.	6 Months Ended
	Jun. 29, 2015
Acquisition of Viasystems Group, Inc.	(2) Acquisition of Viasystems Group, Inc. On May 31, 2015, the Company completed the acquisition of Viasystems Group, Inc. (Viasystems), for total consideration of $248,824 in cash and 15,082 shares of TTM common stock with a fair value of $149,006. Additionally, in connection with the completion of the acquisition, the Company assumed and refinanced Viasystems’ debt, which was approximately $669,024 as of May 31, 2015. Viasystems is a worldwide provider of complex multi-layer rigid, flexible, and rigid-flex PCBs and electro-mechanical solutions (E-M Solutions). Viasystems’ products are found in a wide variety of commercial products, including automotive engine controls, hybrid converters, automotive electronics for navigation, safety, and entertainment, telecommunications switching equipment, data networking equipment, computer storage equipment, semiconductor test equipment, wind and solar energy applications, off-shore drilling equipment, communications applications, flight control systems, and complex industrial, medical, and other technical instruments. Viasystems’ E-M Solutions services can be bundled with its PCBs to provide an integrated solution to customers. Viasystems operates 15 manufacturing facilities worldwide: eight in the United States, five in the People’s Republic of China (China), and one each in Canada and Mexico. Viasystems serves a diversified customer base of over 1,000 customers in various markets throughout the world. Bank fees and legal, accounting, and other professional service costs associated with the acquisition of Viasystems of $22,627 and $30,862 for the quarter and two quarters ended June 29, 2015, respectively, have been expensed and recorded as general and administrative expense in the consolidated condensed statements of operations. There were no bank fees or legal, accounting, or other professional service costs associated with the Viasystems acquisition for the quarter or two quarters ended June 30, 2014. The following summarizes the components of the purchase price: (In thousands) Value of TTM common stock issued $ 149,006 Cash consideration 248,824 397,830 Debt assumed 669,024 Enterprise value $ 1,066,854 The value of the shares of the Company’s common stock used in determining the purchase price was $9.88 per share, the closing price of the Company’s common stock on May 29, 2015, the last business day prior to the effective date of the acquisition. Preliminary Purchase Price Allocation The purchase price of the Viasystems acquisition was allocated to tangible and intangible assets acquired, liabilities assumed and noncontrolling interest based on preliminary estimates of fair value at the date of the acquisition (May 31, 2015). The excess of the purchase price over the fair value of net assets acquired and noncontrolling interest was allocated to goodwill. The fair value assigned to intangible assets acquired was based on estimates and assumptions made by management at the time of acquisition. The fair values assigned are based on reasonable methods applicable to the nature of the assets acquired, liabilities assumed and noncontrolling interest. The following summarizes the preliminary estimated fair values of net assets acquired and noncontrolling interest: (In thousands) Cash $ 82,223 Restricted cash 3,542 Trade and notes receivables ($216,703 contractual gross receivables) 208,133 Inventories 138,277 Other current assets 31,023 Property, plant and equipment 452,836 Identifiable intangible assets 146,500 Goodwill 297,932 Other assets 672 Current liabilities (247,840 ) Long-term debt (669,024 ) Other liabilities (42,421 ) Noncontrolling interest (4,023 ) Total $ 397,830 Due to the fact that the Viasystems acquisition has just recently occurred in the current interim period, the magnitude of the transaction, and the significant information to be obtained and analyzed resides in a foreign jurisdiction, the Company’s fair value estimates for the purchase price allocation are preliminary and may change during the allowable measurement period, which is up to the point the Company obtains and analyzes the information that existed as of the date of the acquisition necessary to determine the fair values of the assets acquired, liabilities assumed and noncontrolling interest, but in no case to exceed more than one year from the date of acquisition. As of June 29, 2015, the Company had not finalized the determination of fair values allocated to various assets and liabilities, including, but not limited to, property, plant and equipment, identifiable intangible assets, other assets, deferred taxes, goodwill, tax uncertainties, income taxes payable, other liabilities, and noncontrolling interest. Any changes in the fair values of the assets acquired and liabilities assumed during the measurement period may result in material adjustments to goodwill. Inventories The Company acquired $138,277 of inventories as a result of the acquisition. Finished goods were valued at estimated selling prices less costs of disposal and a reasonable profit allowance for the selling effort. Work-in-process inventory was valued at estimated selling prices less costs to complete, costs of disposal and a reasonable profit allowance for the completion and selling effort. Raw materials were valued at estimated replacement cost. Property, Plant and Equipment The fair value of property, plant and equipment was determined by utilizing three approaches: the cost, sales comparison, and income capitalization approaches, each including management assumptions. Each approach assumes valuation of the property at the property’s highest and best use. Noncontrolling Interest Noncontrolling interest consists of a 5% equity interest in a manufacturing facility in Huiyang, China. Identifiable Intangible Assets Acquired identifiable intangible assets include customer relationships and technology. The fair value of the identifiable intangible assets was determined using various income approach methods including excess earnings to determine the present value of expected future cash flows for each identifiable intangible asset based on discount rates which incorporate a risk premium to take into account the risks inherent in those expected cash flows. The expected cash flows were estimated using available historical data adjusted based on the Company’s historical experience and the expectations of market participants. The preliminary estimated fair value assigned to each class of intangible assets and the related weighted average amortization periods are as follows: Estimated fair value Weighted-average amortization period (In thousands) Customer relationships $ 143,500 8.2 years Technology 3,000 3.0 years $ 146,500 Goodwill Goodwill represents the excess of the Viasystems purchase price over the fair value of assets acquired, liabilities assumed and noncontrolling interest. Prior to the Company’s acquisition of Viasystems, the Company had two reporting segments based on geographical location of operations, North America and Asia Pacific, consistent with the nature of its operations. Due to the acquisition, the Company has reassessed its reporting segments and determined that it has three reporting segments, two based on geographical location of operations, North America and Asia Pacific, and Viasystems. The excess purchase price over the fair value of assets acquired, liabilities assumed and noncontrolling interest has been appropriately allocated to the Viasystems reporting segment. The Company believes that the acquisition of Viasystems will produce the following significant benefits: • Strengthens the Company’s Position as a Global Market Leader. • Enhances End Market and Customer Diversification and Provides Entry to Attractive Automotive Markets. The Company believes that these primary factors support the amount of goodwill recognized as a result of the purchase price paid for Viasystems, in relation to other acquired tangible and intangible assets. The goodwill acquired in the acquisition is not deductible for income tax purposes subject to certain tax elections that are currently being considered. Results of Operations Included in the consolidated condensed statements of operations are net sales of $93,194, excluding intercompany sales, and a net loss of $6,096 from the Viasystems operations for the quarter and two quarters ended June 29, 2015. Pro forma Financial Information The unaudited pro forma financial information in the table below gives effect to this acquisition as if it had occurred at the beginning of fiscal 2014. The pro forma financial information presented includes the effects of adjustments related to the amortization of acquired intangible assets and acquired inventory, depreciation of acquired fixed assets, and other non-recurring transactions costs directly associated with the acquisitions such as legal, accounting and banking fees. Quarter Ended Two Quarters Ended June 29, 2015 June 30, 2014 June 29, 2015 June 30, 2014 (In thousands, except per share data) Net sales $ 647,632 $ 598,564 $ 1,281,425 $ 1,186,371 Net loss attributable to TTM Technologies, Inc. stockholders (23,775 ) (5,399 ) (21,363 ) (36,445 ) Basic loss per share $ (0.23 ) $ (0.05 ) $ (0.21 ) $ (0.37 ) Dilutive loss per share $ (0.23 ) $ (0.05 ) $ (0.21 ) $ (0.37 ) The pro forma financial information as presented above is for informational purposes only and is not necessarily indicative of the actual results that would have been achieved had the Viasystems acquisition occurred at the beginning of the earliest period presented, or the results that may be achieved in future periods. Viasystems Acquisition Litigation Since the public announcement on September 22, 2014 of the execution of the Agreement and Plan of Merger, TTM, Viasystems, and the members of the Viasystems board of directors (the Viasystems Board) have been named as defendants in two putative class action complaints challenging the acquisition of Viasystems. See Note 13 to these Consolidated Condensed Financial Statements for additional information.

Inventories

Inventories	6 Months Ended
	Jun. 29, 2015
Inventories	(3) Inventories Inventories as of June 29, 2015 and December 29, 2014 consisted of the following: As of June 29, December 29, (In thousands) Inventories: Raw materials $ 78,316 $ 44,477 Work-in-process 112,107 57,544 Finished goods 104,917 43,166 $ 295,340 $ 145,187

Impairment and Sale of Suzhou,

Impairment and Sale of Suzhou, China Manufacturing Facility	6 Months Ended
	Jun. 29, 2015
Impairment and Sale of Suzhou, China Manufacturing Facility	(4) Impairment and Sale of Suzhou, China Manufacturing Facility The Company ceased manufacturing at its Meadville Aspocomp (Suzhou) Electronic Co., Ltd. subsidiary, which held its Suzhou, China manufacturing facility, and shut down its operations in 2013. This subsidiary was included in the Company’s Asia Pacific operating segment. In the quarter ended June 30, 2014, the Company recorded an impairment charge for additional assets, related to this manufacturing facility. These assets were originally designated to be transferred to other facilities in China as well as the disposal of a substantial portion of the assets held for sale. As a result, the Company recognized an impairment charge in the amount of $1,845 as the carrying value of the assets was greater than the market value at the date of disposal. In the fourth quarter of 2014, the Company commenced the process of selling this subsidiary and classified its net assets as assets held for sale at December 29, 2014. Assets held for sale are included in other current assets in the December 29, 2014 consolidated condensed balance sheet. During the two quarters ended June 29, 2015, the Company sold its Meadville Aspocomp (Suzhou) Electronic Co., Ltd. subsidiary for $21,275 and recognized a gain of $2,504.

Goodwill and Definite-lived Int

Goodwill and Definite-lived Intangibles	6 Months Ended
	Jun. 29, 2015
Goodwill and Definite-lived Intangibles	(5) Goodwill and Definite-lived Intangibles Goodwill As of June 29, 2015 and December 29, 2014 goodwill was as follows: Asia Pacific Viasystems Total (In thousands) Balance as of December 29, 2014 $ 12,111 $ — $ 12,111 Goodwill recognized during the two quarters ended June 29, 2015 — 297,932 297,932 Foreign currency translation adjustment during the two quarters ended June 29, 2015 10 — 10 Balance as of June 29, 2015 $ 12,121 $ 297,932 $ 310,053 The assignment of goodwill related to the acquisition of Viasystems is preliminary and will be completed in conjunction with the final purchase price allocation. Goodwill balances include foreign currency translation adjustments related to foreign subsidiaries which operate in currencies other than the U.S. Dollar. Definite-lived Intangibles As of June 29, 2015 and December 29, 2014, the components of definite-lived intangibles were as follows: Gross Accumulated Accumulated Foreign Net Weighted (In thousands) (years) June 29, 2015: Customer relationships $ 91,492 (77,306 ) $ — $ 429 $ 14,615 9.2 Trade name 10,302 (9,413 ) — 11 900 6.0 Acquired intangibles from acquisition Customer relationships 143,500 (1,952 ) — — 141,548 8.2 Technology 3,000 (83 ) — — 2,917 3.0 $ 248,294 $ (88,754 ) $ — $ 440 $ 159,980 December 29, 2014: Customer relationships $ 120,427 $ (74,486 ) $ (28,935 ) $ 445 $ 17,451 9.2 Trade name 10,302 (8,520 ) — 17 1,799 6.0 $ 130,729 $ (83,006 ) $ (28,935 ) $ 462 $ 19,250 The June 29, 2015 and December 29, 2014 definite-lived intangible balances include foreign currency translation adjustments related to foreign subsidiaries which operate in currencies other than the U.S. Dollar. All of the definite-lived intangibles are amortized using the straight line method of amortization over the useful life, with the exception of certain customer relationship intangibles which are amortized using an accelerated method of amortization based on cash flows. Amortization expense was $3,910 and $2,236 for the quarters ended June 29, 2015 and June 30, 2014, respectively, and $5,784 and $4,472 for the two quarters ended June 29, 2015 and June 30, 2014, respectively. Estimated aggregate amortization for definite-lived intangible assets for the next five years is as follows: (In thousands) Remaining 2015 $ 13,256 2016 23,065 2017 22,842 2018 22,075 2019 17,941 $ 99,179

Long-term Debt and Letters of C

Long-term Debt and Letters of Credit	6 Months Ended
	Jun. 29, 2015
Long-term Debt and Letters of Credit	(6) Long-term Debt and Letters of Credit The following table summarizes the long-term debt of the Company as of June 29, 2015 and December 29, 2014: Average Effective June 29, Average Effective December 29, (In thousands) Term loan due May 2021 6.0% $ 950,000 — — U.S. ABL revolving loan due May 2020 1.9% 80,000 — — Term loan due September 2016 — — 2.55% $ 273,800 Other 6.0% 1 6.00% 4 1,030,001 273,804 Less: Unamortized discount (32,828 ) — 997,173 273,804 Less: current maturities (87,126 ) (96,204 ) Long-term debt, less current maturities $ 910,047 $ 177,600 The calendar maturities of long-term debt through 2019 and thereafter are as follows: (In thousands) Remaining 2015 $ 82,376 2016 16,625 2017 40,375 2018 47,500 2019 47,500 Thereafter 795,625 $ 1,030,001 New borrowings On May 31, 2015, in conjunction with the acquisition of Viasystems, the Company entered into a $950,000 Term Loan Credit Agreement (Term Loan). Additionally, the Company entered into a $150,000 U.S. Asset-Based Lending Credit Agreement (U.S. ABL) and a $150,000 Asia Asset-Based Lending Credit agreement (Asia ABL) (collectively the ABL Revolving Loans). The Company drew $80,000 of the U.S. ABL at the closing of the acquisition of Viasystems. The Term Loan was issued at a discount at 96.5% and bears interest at a floating rate of LIBOR, with a 1.0% LIBOR floor, plus an applicable interest margin of 5.0%, or JP Morgan Chase Bank’s prime rate, with a 2% floor, plus a margin of 4%, at the Company’s option. At June 29, 2015, the weighted average interest rate on the outstanding borrowings under the Term Loan was 6.0%. There is no provision, other than an event of default, for the interest margin to increase. The Term Loan will mature on May 31, 2021. The Term Loan is secured by a significant amount of the assets of the Company and its domestic subsidiaries and a pledge of 65% of voting stock of the Company’s first tier foreign subsidiaries and is structurally senior to the Company’s convertible senior notes. See Note 7 Convertible Senior Notes. The U.S. ABL consists of three tranches comprised of a revolving credit facility of up to $150,000, a letter of credit facility of up to $75,000, and swingline loans of up to $30,000, provided that at no time may amounts outstanding under the tranches exceed in aggregate $150,000 or the applicable borrowing base, which is a percentage of the principal amount of Eligible Accounts, as defined in the U.S. ABL. Borrowings under the U.S. ABL bear interest at either a floating rate of LIBOR plus a margin of 175 basis points or JP Morgan Chase Bank’s prime rate plus a margin of 75 basis points, at the Company’s option. At June 29, 2015, the weighted average interest rate on the outstanding borrowings under the U.S. ABL was 1.9%. Beginning in 2016, the applicable margin can vary based on the remaining availability of the facility, from 150 to 200 basis points for LIBOR-based loans and from 50 to 100 basis points for JP Morgan Chase Bank’s prime rate-based loans. Other than availability and an event of default, there are no other provisions for the interest margin to increase. The U.S. ABL will mature on May 31, 2020. Loans made under the U.S. ABL are secured first by all of the Company’s domestic cash, receivables and inventories as well as by a significant amount of the assets of the Company and its domestic subsidiaries and a pledge of 65% of voting stock of the Company’s first tier foreign subsidiaries and are structurally senior to the Company’s convertible senior notes. See Note 7 Convertible Senior Notes. At June 29, 2015, $80,000 of the U.S. ABL was outstanding and classified as short-term debt. The Company and its domestic subsidiaries have fully and unconditionally guaranteed the full and timely payment of all Term Loan and U.S. ABL related obligations. The Asia ABL consists of two tranches comprised of a revolving credit facility of up to $150,000 and a letter of credit facility of up to $100,000, provided that at no time may amounts outstanding under both tranches exceed in aggregate $150,000 or the applicable borrowing base, which is a percentage of the principal amount of Eligible Accounts, as defined in the Asia ABL agreement. Borrowings under the Asia ABL bear interest at a floating rate of LIBOR plus 175 basis points. There is no provision, other than an event of default, for the interest margin to increase. The Asia ABL will mature on May 22, 2020. Loans made under the Asia ABL are secured by a portion of the Company’s Asia Pacific cash and receivables and are structurally senior to the Company’s domestic obligations, including the convertible senior notes. See Note 7 Convertible Senior Notes. The Company’s Asia Pacific subsidiary and certain of its subsidiaries have fully and unconditionally guaranteed the full and timely payment of all Asia ABL related obligations. At June 29, 2015, none of the Asia ABL was outstanding. The Company is required to make scheduled payments of the outstanding Term Loan balance on a quarterly basis beginning October 1, 2015. Any other outstanding balances under the Term Loan are due at the maturity date of May 31, 2021. Borrowings under the Term Loan are subject to various financial and operating covenants including maintaining a maximum total leverage ratio. Under the occurrence of certain events, the U.S. ABL and the Asia ABL are subject to various financial and operational covenants, including maintaining minimum fixed charges coverage ratios. At June 29, 2015, the Company was in compliance with the covenants under the Term Loan, the U.S. ABL and the Asia ABL. As of June 29, 2015, remaining unamortized debt discount and debt issuance costs were $32,828 and $33,585, respectively. The debt discount is recorded as a reduction of the Term Loan and is amortized over the duration of the Term Loan. The debt issuance costs are included in other non-current assets and are amortized to interest expense over the duration of the Term Loan and ABL Revolving Loans. The debt discount and the debt issuance costs related to the Term Loan are amortized into interest expense using an effective interest rate of 7.49%. The debt issuance costs related to the ABL Revolving Loans are amortized into interest expense using the straight line method of amortization over the duration of the ABL Revolving Loans. At June 29, 2015, the remaining amortization period for the unamortized debt discount and debt issuance costs was 5.9 years. The Company is required to pay a commitment fee of 0.375% per annum on any unused portion of the U.S. ABL or Asia ABL. The U.S. ABL commitment fee may vary from 0.25% to 0.375% based on utilization levels. Additionally, the Company also paid commitment fees of 0.5% per annum on the unused portion of the $90,000 senior secured revolving loan associated with the terminated 2012 credit agreement during the quarter and two quarters ended June 29, 2015. The Company incurred total commitment fees related to unused borrowing availability of $193 and $151 for the quarters ended June 29, 2015 and June 30, 2014, respectively, and $366 and $284 for the two quarters ended June 29, 2015 and June 30, 2014, respectively. As of June 29, 2015, the outstanding amount of the Term Loan was $950,000, of which $7,125 is due for repayment within one year and is included as short-term debt, with the remaining $942,875 included as long-term debt. Additionally, $80,000 of the U.S. ABL and none of the Asia ABL was outstanding as of June 29, 2015. Available borrowing capacity under the U.S. ABL and Asia ABL was $65,444, which considers the letter of credit outstanding of $4,556 mentioned below, and $150,000, respectively, at June 29, 2015. Letters of Credit The Company has up to $75,000 and $100,000 Letters of Credit Facilities under the U.S. ABL and the Asia ABL, respectively, as mentioned above. As of June 29, 2015, letters of credit in the amount of $4,556 were outstanding under the U.S. ABL. The Company has other standby letters of credit outstanding in the amount of $20,516, which expire between July 2, 2015 and May 16, 2016. These other standby letters of credit are securitized by cash collateral. As such, the Company has recorded such cash as restricted on the consolidated condensed balance sheet as of June 29, 2015. There were no such arrangements at December 29, 2014. Other Credit Facility Additionally, the Company is party to a revolving loan credit facility (Chinese Revolver) with a lender in China. Under this arrangement, the lender has made available to the Company approximately $37,100 in unsecured borrowing with all terms of the borrowing to be negotiated at the time the Chinese Revolver is drawn upon. There are no commitment fees on the unused portion of the Chinese Revolver, and this arrangement expires in December 2015. As of June 29, 2015, the Chinese Revolver had not been drawn upon. Loss on Extinguishment of Debt The Company became a party to its current Term Loan and ABL Revolving Loans during the second quarter ended June 29, 2015 in order to refinance and pay in full the remaining outstanding amount of $225,700 under an existing 2012 credit agreement, as well as to finance the acquisition of Viasystems and refinance Viasystems’ outstanding debt. As a result, the Company recognized losses of approximately $802 for the quarter and two quarters ended June 29, 2015 resulting from the write off of the remaining unamortized debt issuance costs associated with the terminated 2012 credit agreement.

Convertible Senior Notes

Convertible Senior Notes	6 Months Ended
	Jun. 29, 2015
Convertible Senior Notes	(7) Convertible Senior Notes Convertible Senior Notes due 2020 The Company issued 1.75% convertible senior notes due December 15, 2020, in a public offering for an aggregate principal amount of $250,000. The convertible senior notes bear interest at a rate of 1.75% per annum. Interest is payable semiannually in arrears on June 15 and December 15 of each year. The convertible senior notes are senior unsecured obligations and rank equally to the Company’s future unsecured senior indebtedness and are senior in right of payment to any of the Company’s future subordinated indebtedness. Convertible Senior Notes due 2015 The Company issued 3.25% convertible senior notes due on May 15, 2015, in a public offering for an aggregate principal amount of $175,000. During the quarter ended June 29, 2015, the outstanding principal of $32,395 plus accrued interest was paid in full. As of June 29, 2015 and December 29, 2014, the following summarizes the liability and equity components of the convertible senior notes: As of June 29, 2015 As of December 29, 2014 Principal Unamortized Net Principal Unamortized Net (in thousands) Liability components: Convertible senior notes due 2020 $ 250,000 $ (49,252 ) $ 200,748 $ 250,000 $ (52,958 ) $ 197,042 Convertible senior notes due 2015 — — — 32,395 (554 ) 31,841 Total $ 250,000 $ (49,252 ) $ 200,748 $ 282,395 $ (53,512 ) $ 228,883 As of June 29, 2015 As of December 29, 2014 Embedded Embedded Total Embedded Embedded Total (in thousands) Equity components: Additional paid-in capital: Convertible senior notes due 2020 $ 60,227 $ (1,916 ) $ 58,311 $ 60,227 $ (1,916 ) $ 58,311 Convertible senior notes due 2015 — — — 39,781 (1,413 ) 38,368 Total $ 60,227 $ (1,916 ) $ 58,311 $ 100,008 $ (3,329 ) $ 96,679 The components of interest expense resulting from the convertible senior notes for the quarter and two quarters ended June 29, 2015 and June 30, 2014 were as follows: For the Quarter Ended For the Two Quarters Ended June 29, June 30, June 29, June 30, (In thousands) Contractual coupon interest Convertible senior notes due 2020 $ 1,094 $ 1,094 $ 2,187 $ 2,179 Convertible senior notes due 2015 131 263 395 526 $ 1,225 $ 1,357 $ 2,582 $ 2,705 Amortization of debt discount Convertible senior notes due 2020 $ 1,867 $ 1,751 $ 3,705 $ 3,515 Convertible senior notes due 2015 187 345 554 683 $ 2,054 $ 2,096 $ 4,259 $ 4,198 Amortization of debt issuance costs Convertible senior notes due 2020 $ 187 $ 175 $ 371 $ 353 Convertible senior notes due 2015 19 35 56 69 $ 206 $ 210 $ 427 $ 422 As of June 29, 2015 and December 29, 2014, remaining unamortized debt issuance costs included in other non-current assets were $4,936 and $5,363, respectively. The debt issuance costs and debt discount are being amortized to interest expense over the term of the convertible senior notes using the effective interest rate method. At June 29, 2015, the remaining weighted average amortization period for the unamortized senior convertible note discount and debt issuance costs was 5.5 years. For the quarter and two quarters ended June 29, 2015 and June 30, 2014, the amortization of debt discount and debt issuance costs for the 2020 convertible senior notes and the 2015 convertible senior notes was based on an effective interest rate of 6.48% and 8.37%, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 29, 2015
Income Taxes	(8) Income Taxes The Company’s effective tax rate will generally differ from the U.S. federal statutory rate of 35% due to favorable tax rates associated with earnings from the Company’s operations in lower-tax jurisdictions such as China, the apportioned state income tax rates, generation of other credits and deductions available to the Company, changes in valuation allowances, and certain non-deductible items. During the quarter ended June 29, 2015, the Company’s effective tax rate was impacted by discrete tax expense of $11,490 mainly comprised of (i) providing for a full valuation allowance of $19,588 against the Company’s existing U.S. net deferred tax assets as it is not more likely than not that the U.S. deferred tax assets will not be realized after the acquisition of Viasystems due to cumulative historical and projected U.S. losses as a combined company; and (ii) the reversal of deferred tax liabilities of $8,316 related to the Company’s decision to indefinitely reinvest the foreign earnings attributable to the backplane assembly facility in Shanghai, China. Further, no tax benefit was recorded on the losses incurred in the U.S. and certain foreign jurisdictions as a result of corresponding increases in the valuation allowances in these jurisdictions. For the two quarters ended June 29, 2015, and June 30, 2014, the Company’s effective tax rate was further impacted by a discrete tax benefit resulting from the retroactive approval of the high technology enterprise status for certain subsidiaries in China within the Company’s Asia Pacific operating segment. Certain foreign losses generated are not more than likely to be realizable, and thus, no income tax benefit has been recognized on these losses. The Company’s foreign earnings attributable to the Asia Pacific operating segment will be indefinitely reinvested in such foreign jurisdictions and, therefore, no deferred tax liabilities for U.S. income taxes on undistributed earnings are recorded. Certain entities in China operated under tax incentives effective through 2016. The tax incentives decreased Chinese taxes by $971 and $3,702, which increased both basic and diluted earnings per share by $0.01 and $0.04 for the quarter and two quarters ended June 29, 2015, respectively. As a result of the acquisition of Viasystems, the Company’s unrecognized tax benefit including interest and penalty increased by $29,372 during the quarter ended June 29, 2015.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 29, 2015
Financial Instruments	(9) Financial Instruments Derivatives The Company enters into foreign currency forward contracts to mitigate the impact of changes in foreign currency exchange rates and to reduce the volatility of purchases and other obligations generated in currencies other than the functional currencies. The Company’s foreign subsidiaries may at times purchase forward exchange contracts to manage their foreign currency risks in relation to certain purchases of machinery denominated in foreign currencies other than the Company’s foreign functional currency. The notional amount of the foreign exchange contracts as of June 29, 2015 and December 29, 2014 was approximately $13,353 and $29,142, respectively. The Company has designated certain of these foreign exchange contracts as cash flow hedges. The fair values of derivative instruments in the consolidated condensed balance sheets are as follows: Asset / (Liability) Fair Value Balance Sheet June 29, December 29, (In thousands) Cash flow derivative instruments designated as hedges: Foreign exchange contracts Other accrued expenses $ — $ (12 ) Cash flow derivative instruments not designated as hedges: Foreign exchange contracts Other accrued expenses (2,828 ) (5,050 ) $ (2,828 ) $ (5,062 ) The following table provides information about the amounts recorded in accumulated other comprehensive income related to derivatives designated as cash flow hedges, as well as the amounts recorded in each caption in the consolidated condensed statements of operations when derivative amounts are reclassified out of accumulated other comprehensive income: For the Quarter Ended June 29, 2015 June 30, 2014 Effective Portion Ineffective Effective Portion Ineffective Financial Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) (In thousands) Cash flow hedge: Foreign currency forward Depreciation expense $ — $ (43 ) $ — $ — $ (40 ) $ — $ — $ (43 ) $ — $ — $ (40 ) $ — For the Two Quarters Ended June 29, 2015 June 30, 2014 Effective Portion Ineffective Effective Portion Ineffective Financial Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) (In thousands) Cash flow hedge: Foreign currency forward Depreciation expense $ (53 ) $ (85 ) $ — $ 120 $ (65 ) $ — $ (53 ) $ (85 ) $ — $ 120 $ (65 ) $ — The following table provides a summary of the activity associated with the designated cash flow hedges reflected in accumulated other comprehensive income (loss) for the two quarters ended June 29, 2015 and June 30, 2014: For the Two Quarters Ended June 29, June 30, (In thousands) Beginning balance unrealized loss, net of tax $ (1,424 ) $ (1,613 ) Changes in fair value (loss) gain, net of tax (53 ) 120 Reclassification to earnings 85 65 Ending balance unrealized loss, net of tax $ (1,392 ) $ (1,428 ) The Company expects that approximately $175 of expense will be reclassified into the statement of operations, net of tax, in the next 12 months. The net (loss) gain recognized in other, net in the consolidated condensed statements of operations related to foreign exchange contracts not designated as hedges was $(341) and $432 for the quarters ended June 29, 2015 and June 30, 2014, respectively and $(258) and $954 for the two quarters ended June 29, 2015 and June 30, 2014, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 29, 2015
Accumulated Other Comprehensive Income (Loss)	(10) Accumulated Other Comprehensive Income (Loss) The following provides a summary of the components of accumulated other comprehensive income (loss) as of June 29, 2015 and December 29, 2014: Foreign Gains (Losses) Total (In thousands) Ending balance at December 29, 2014 $ 32,439 $ (1,424 ) $ 31,015 Other comprehensive income (loss) before reclassifications 2,175 (53 ) 2,122 Less: Amounts reclassified from accumulated other comprehensive income (loss) (1,786 ) 85 (1,701 ) Other comprehensive loss 389 32 421 Ending balance at June 29, 2015 $ 32,828 $ (1,392 ) $ 31,436 The following provides a summary of reclassifications out of accumulated other comprehensive income for the quarter and two quarters ended June 29, 2015 and June 30, 2014: Amount Reclassified from For the Quarter Ended For the Two Quarters Ended Details about Accumulated Other Comprehensive Income Statement of Operations Location June 29, June 30, June 29, June 30, Gain on foreign currency translation Gain on sale of assets, net of tax $ — $ — $ (1,786 ) $ — Loss on cash flow hedges Depreciation expense, net of tax $ 43 $ 40 $ 85 $ 65 Loss on available for sale securities Other, net, net of tax $ — $ 46 $ — $ 83

Significant Customers and Conce

Significant Customers and Concentration of Credit Risk	6 Months Ended
	Jun. 29, 2015
Significant Customers and Concentration of Credit Risk	(11) Significant Customers and Concentration of Credit Risk In the normal course of business, the Company extends credit to its customers, which are in diverse end markets. Many customers to which the Company extends credit are located outside the United States, with the exception of certain customers in the aerospace and defense industries. The Company performs ongoing credit evaluations of customers, does not require collateral, and considers the credit risk profile of the entity from which the receivable is due in further evaluating collection risk. The Company’s customers include both OEMs and EMS companies. The Company’s OEM customers often direct a significant portion of their purchases through EMS companies. While the Company’s customers include both OEM and EMS providers, the Company measures customer concentration based on OEM companies, as they are the ultimate end customers. For the quarter ended June 29, 2015, one customer accounted for approximately 22% of the Company’s net sales. For the quarter ended June 30, 2014, no one customer accounted for 10% or more of the Company’s net sales. For the two quarters ended June 29, 2015 and June 30, 2014, one customer accounted for approximately 24% and 12%, respectively, of the Company’s net sales. There were no other customers that accounted for 10% or more of net sales for the quarters or two quarters ended June 29, 2015 and June 30, 2014.

Fair Value Measures

Fair Value Measures	6 Months Ended
	Jun. 29, 2015
Fair Value Measures	(12) Fair Value Measures The Company measures at fair value its financial and non-financial assets by using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price, based on the highest and best use of the asset or liability. The carrying amount and estimated fair value of the Company’s financial instruments at June 29, 2015 and December 29, 2014 were as follows: June 29, 2015 December 29, 2014 Carrying Fair Carrying Fair (In thousands) Derivative liabilities, current $ 2,828 $ 2,828 $ 5,062 $ 5,062 Long-term debt 997,173 1,030,001 273,804 273,820 Convertible senior notes due 2020 200,748 292,575 197,042 241,875 Convertible senior notes due 2015 — — 31,841 32,631 The fair value of the derivative instruments was determined using pricing models developed based on the LIBOR swap rate, foreign currency exchange rates, and other observable market data, including quoted market prices, as appropriate. The values were adjusted to reflect nonperformance risk of the counterparty and the Company, as necessary. The fair value of the long-term debt was estimated based on discounting the debt over its life using current market rates for similar debt as of June 29, 2015 and December 29, 2014, which are considered Level 1 and Level 2 inputs. The fair value of the convertible senior notes was estimated based on quoted market prices of the securities on an active exchange, which are considered Level 1 and Level 2 inputs. As of June 29, 2015 and December 29, 2014, the Company’s other financial instruments also included cash and cash equivalents, accounts receivable, accounts payable and equipment payables. Due to short-term maturities, the carrying amount of these instruments approximates fair value. At June 29, 2015 and December 29, 2014, the following financial assets and liabilities were measured at fair value on a recurring basis using the type of inputs shown: June 29, Fair Value Measurements Using: Level 1 Inputs Level 2 Inputs Level 3 Inputs (In thousands) Foreign exchange derivative liabilities $ 2,828 $ — $ 2,828 $ — December 29, Fair Value Measurements Using: Level 1 Inputs Level 2 Inputs Level 3 Inputs (In thousands) Money market funds $ 129,012 $ 129,012 $ — — Foreign exchange derivative liabilities 5,062 — 5,062 — There were no transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the quarters or two quarters ended June 29, 2015 and June 30, 2014.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 29, 2015
Commitments and Contingencies	(13) Commitments and Contingencies Legal Matters The Company is subject to various legal matters, which it considers normal for its business activities. While the Company currently believes that the amount of any reasonably possible loss for known matters would not be material to the Company’s financial condition, the outcome of these actions is inherently difficult to predict. In the event of an adverse outcome, the ultimate potential loss could have a material adverse effect on the Company’s financial condition or results of operations in a particular period. The Company has accrued amounts for its loss contingencies which are probable and estimable as of June 29, 2015 and December 29, 2014. However, these amounts are not material to the consolidated financial statements of the Company. Class Action Complaints related to Viasystems Acquisition Since the public announcement on September 22, 2014 of the execution of the Merger Agreement, Viasystems, TTM, and the members of the Viasystems Board have been named as defendants in two putative class action complaints challenging the acquisition of Viasystems. The first lawsuit, filed in the Circuit Court of St. Louis County, Missouri on September 30, 2014 (the Missouri Lawsuit), and the second lawsuit, filed in the Court of Chancery of the State of Delaware on October 13, 2014 (the Delaware Lawsuit and, together with the Missouri Lawsuit, the Lawsuits), generally allege that the Merger fails to properly value Viasystems, that the individual defendants breached their fiduciary duties in approving the Merger Agreement, and that those breaches were aided and abetted by TTM and Viasystems. The Delaware Lawsuit specifically alleges, among other allegations, that (1) the Viasystems Board breached its fiduciary duties by: (a) agreeing to the Merger for grossly inadequate consideration, (b) agreeing to lock up the Merger with deal protection devices that prevent other bidders from making a successful competing offer for Viasystems, and (c) participating in a transaction where the loyalties of the Viasystems Board and management are divided; (2) the voting agreements entered into between the Company and certain of Viasystems’ significant stockholders prevent Viasystems stockholders from providing a meaningful vote on the proposal to adopt the Merger; and (3) that those breaches of fiduciary duties were aided and abetted by TTM, Merger Sub, and Viasystems. Further, the Missouri Lawsuit specifically alleges, among other allegations, that (1) the proposed Merger is unfair and the consideration to be paid in connection with the Merger is inadequate; (2) the Viasystems Board and Viasystems’ management have a conflict of interest due to the cash pool bonus and change in control payments to be made to certain executive officers and key employees if the Merger is consummated; and (3) the Merger Agreement contains impermissible deal protection devices. The Lawsuits seek injunctive relief to enjoin the defendants from completing the Merger on the agreed-upon terms, rescinding, to the extent already implemented, the Merger Agreement or any of the terms therein, costs and disbursements and attorneys’ and experts’ fees and costs, as well as other equitable relief as the respective court deems proper. The Delaware Lawsuit also seeks: (1) in the event the Merger is consummated prior to the entry of the court’s final judgment, rescissory damages as an alternative to rescission, and (2) an accounting by all defendants to the plaintiff and other members of the class for all damages caused by the defendants and for all profits and any special benefits obtained as a result of their alleged breaches of their fiduciary duties. On January 6, 2015, the parties to the Missouri Lawsuit entered into a Memorandum of Understanding (MOU) with respect to a proposed settlement that will terminate both Lawsuits upon entry of the final judgment. Pursuant to the terms of the MOU, the parties entered into a stipulation of settlement on May 22, 2015, that remains subject to customary conditions, including court approval. The settlement agreement does not require the defendants to pay any monetary consideration to the proposed settlement class. The settlement agreement provides for payment of attorneys’ fees of the plaintiffs and reimbursement of expenses, in the amount to be determined by the court, but not to exceed $550,000. If the stipulation of settlement is approved by the court, it will fully and finally resolve all of the claims asserted, or that could have been asserted, in the Lawsuit against the defendants, and provide a release by the proposed settlement class of all claims against the defendants and their respective affiliates and agents in connection with the Merger. The proposed settlement is subject to the preliminary approval of the court as well as the court’s final approval after notice of the terms of the settlement has been provided to the proposed settlement class. Timing of the approval process is dependent on the court’s calendar. Members of the proposed settlement class will have the right to object to the settlement in writing to the court once the court has set a hearing for final approval. Environmental Matters The process to manufacture PCBs requires adherence to city, county, state, federal, and foreign environmental regulations regarding the storage, use, handling and disposal of chemicals, solid wastes and other hazardous materials, as well as compliance with air quality standards and chemical use reporting. The Company believes that its facilities in the United States and Canada comply in all material respects with applicable environmental laws and regulations. In China, governmental authorities have adopted new rules and regulations governing environmental issues. An update to the Chinese environmental waste water law was issued in late 2012, but allows for an interim period in which plants subject to such law may install equipment that meets the new regulatory regime. Some of the Company’s plants in China are not yet in full compliance with the updated environmental regulations. The Company believes it has developed plans acceptable to the Chinese government and is in the process of implementing these plans. The Company does not anticipate any immediate risk of government fines or temporary closure of its Chinese plants. The Company has established and enacted an investment plan related to the efforts to come into full compliance with the new regulations. The 2015 capital expenditure costs expected for these plans are included in the Company’s capital expenditure projections.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 29, 2015
Earnings Per Share	(14) Earnings Per Share The following is a reconciliation of the numerator and denominator used to calculate basic loss per share and diluted loss per share for the quarter and two quarters ended June 29, 2015 and June 30, 2014: Quarter Ended Two Quarters Ended June 29, June 30, June 29, June 30, (In thousands, except per share amounts) Net loss attributable to TTM Technologies, Inc. stockholders $ (36,612 ) $ (3,104 ) $ (33,166 ) $ (6,903 ) Weighted average shares outstanding 88,834 83,336 86,218 83,130 Dilutive effect of performance-based stock units, restricted stock units and stock options — — — — Diluted shares 88,834 83,336 86,218 83,130 Loss per share attributable to TTM Technologies, Inc. stockholders: Basic $ (0.41 ) $ (0.04 ) $ (0.38 ) $ (0.08 ) Diluted $ (0.41 ) $ (0.04 ) $ (0.38 ) $ (0.08 ) For the quarter and two quarters ended June 29, 2015, potential shares of common stock, consisting of stock options to purchase approximately 433 shares of common stock at exercise prices ranging from $5.78 to $16.82 per share, 2,335 restricted stock units, and 275 performance-based restricted stock units were not included in the computation of diluted earnings per share because the Company incurred a net loss and, as a result, the impact would be anti-dilutive. For the quarter and two quarters ended June 30, 2014, potential shares of common stock, consisting of stock options to purchase approximately 563 shares of common stock at exercise prices ranging from $5.78 to $16.82 per share, 1,729 restricted stock units, and 229 performance-based restricted stock units were not included in the computation of diluted earnings per share because the Company incurred a net loss and, as a result, the impact would be anti-dilutive. Additionally, for the quarter and two quarters ended June 29, 2015 and June 30, 2014, the effect of 25,940 shares of common stock, related to the Company’s convertible senior notes, and warrants to purchase 28,020 shares of common stock, were not included in the computation of dilutive earnings per share because the effect would be anti-dilutive.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 29, 2015
Stock-Based Compensation	(15) Stock-Based Compensation Stock-based compensation expense is recognized in the accompanying consolidated condensed statements of operations as follows: Quarter Ended Two Quarters Ended June 29, June 30, June 29, June 30, (In thousands) Cost of goods sold $ 243 $ 199 $ 468 $ 462 Selling and marketing 269 253 540 588 General and administrative 1,802 1,479 3,346 3,049 Stock-based compensation expense recognized 2,314 1,931 4,354 4,099 Income tax benefit recognized (606 ) (494 ) (1,128 ) (1,063 ) Total stock-based compensation expense after income taxes $ 1,708 $ 1,437 $ 3,226 $ 3,036 Performance-based Restricted Stock Units The Company maintains a long-term incentive program for executives that provides for the issuance of PRUs, representing hypothetical shares of the Company’s common stock that may be issued. Under the PRU program, a target number of PRUs is awarded at the beginning of each three-year performance period. The number of shares of common stock released at the end of the performance period will range from zero to 2.4 times the target number depending on performance during the period. The performance metrics of the PRU program are based on (a) annual financial targets, which are based on revenue and EBITDA (earnings before interest, tax, depreciation, and amortization expense), each equally weighted, and (b) an overall modifier based on the Company’s total stockholder return (TSR) relative to a group of peer companies selected by the Company’s compensation committee, over the three-year performance period. The Company records stock-based compensation expense for PRU awards granted based on management’s periodic assessment of the probability of the PRU awards vesting. For the quarter and two quarters ended June 29, 2015, management determined that vesting of the PRU awards was probable. PRUs activity for the two quarters ended June 29, 2015 was as follows: Shares Weighted (In thousands) Outstanding target shares at December 29, 2014 275 $ 8.03 Granted 295 7.22 Change in units due to annual financial target performance achievement 22 7.22 Outstanding target shares at June 29, 2015 592 $ 7.60 Restricted Stock Units The Company granted 331 and 73 RSUs during the quarters ended June 29, 2015 and June 30, 2014, respectively and 1,301 and 833 restricted stock units during the two quarters ended June 29, 2015 and June 30, 2014, respectively. The RSUs granted have a weighted-average fair value per unit of $10.19 and $7.96 for the quarters ended June 29, 2015 and June 30, 2014, respectively and $9.15 and $8.00 for the two quarters ended June 29, 2015 and June 30, 2014, respectively. The fair value for RSUs granted is based on the closing share price of the Company’s common stock on the date of grant. Stock Options The Company did not grant any stock option awards during the quarter or two quarters ended June 29, 2015 and June 30, 2014. Summary of Unrecognized Compensation Costs The following is a summary of total unrecognized compensation costs as of June 29, 2015: Unrecognized Remaining Weighted (In thousands) (years) RSU awards $ 14,085 1.6 PRU awards 2,267 1.7 $ 16,352

Segment Information

Segment Information	6 Months Ended
	Jun. 29, 2015
Segment Information	(16) Segment Information The operating segments reported below are the Company’s segments for which separate financial information is available and upon which operating results are evaluated by the chief operating decision maker to assess performance and to allocate resources. The Company manages its worldwide operations based on three segments: 1) Asia Pacific, which consists of five PCB fabrication plants, 2) North America, which consists of seven domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants, and one backplane assembly plant in Shanghai, China, which is managed in conjunction with the Company’s U.S. operations, and 3) Viasystems, which consists of 15 manufacturing facilities worldwide: eight in the United States, five in China, one each in Canada and Mexico. Each segment operates predominantly in the same industry with production facilities that produce customized products for its customers and use similar means of product distribution. The Company evaluates segment performance based on operating segment income, which is operating income before amortization of intangibles. Interest expense and interest income are not presented by segment since they are not included in the measure of segment profitability reviewed by the chief operating decision maker. All inter-segment transactions have been eliminated. Quarter Ended Two Quarters Ended June 29, 2015 June 30, 2014 June 29, 2015 June 30, 2014 (In thousands) Net Sales: Asia Pacific $ 218,650 $ 166,699 $ 424,015 $ 332,365 North America 133,794 131,594 258,115 258,183 Viasystems (1) 93,194 — 93,194 — Total sales 445,638 298,293 775,324 590,548 Inter-segment sales (193 ) (658 ) (715 ) (1,018 ) Total net sales $ 445,445 $ 297,635 $ 774,609 $ 589,530 Operating Segment Income (Loss): Asia Pacific $ 13,654 $ (1,925 ) $ 28,095 $ 1,942 North America (13,514 ) 7,359 (17,816 ) 10,181 Viasystems (1) (3,290 ) — (3,290 ) — Total operating segment (loss) income (3,150 ) 5,434 6,989 12,123 Amortization of definite-lived intangibles (3,910 ) (2,236 ) (5,784 ) (4,472 ) Total operating (loss) income (7,060 ) 3,198 1,205 7,651 Total other expense (12,899 ) (5,794 ) (19,079 ) (15,901 ) Loss before income taxes $ (19,959 ) $ (2,596 ) $ (17,874 ) $ (8,250 ) (1) The quarter and two quarters ended June 30, 2014 do not include Viasystems, as the acquisition occurred on May 31, 2015. The Company accounts for inter-segment sales and transfers as if the sale or transfer were to third parties: at arms length and consistent with the Company’s revenue recognition policy. The inter-segment sales for the quarter and the two quarters ended June 29, 2015 are sales primarily from the Asia Pacific operating segment to the North America operating segment. As a result of the May 31, 2015 acquisition of Viasystems and the ongoing integration activities, the Company has reassessed its reportable operating segments and determined that going forward it plans to have two reportable operating segments: PCB and E-M Solutions. The determination was made based on the criteria of earning revenues and incurring expenses, the Company’s organizational structure which has segment managers who report to the chief operating decision maker and discrete financial information, and the aggregation of similar operating segments into reportable operating segments. The Company will continue to evaluate segment performance based on operating segment income, which is operating income before amortization of intangibles for the new PCB and E-M Solutions reportable operating segments. Interest expense and interest income are not presented by segment since they are not included in the measure of segment profitability reviewed by the chief operating decision maker. The below is presented as if the Company had two operating segments under the new structure. Quarter Ended Two Quarters Ended June 29, 2015 June 30, 2014 June 29, 2015 June 30, 2014 (In thousands) Net Sales: PCB $ 417,021 $ 277,296 $ 726,813 $ 549,606 E-M Solutions 28,424 20,339 47,796 39,924 Total sales 445,445 297,635 774,609 589,530 Inter-segment sales — — — — Total net sales $ 445,445 $ 297,635 $ 774,609 $ 589,530 Operating Segment Income (Loss): PCB $ 30,456 $ 8,869 $ 53,716 $ 19,399 E-M Solutions (110 ) 1,477 541 2,469 Corporate (33,496 ) (4,912 ) (47,268 ) (9,745 ) Total operating segment (loss) income (3,150 ) 5,434 6,989 12,123 Amortization of definite-lived intangibles (3,910 ) (2,236 ) (5,784 ) (4,472 ) Total operating (loss) income (7,060 ) 3,198 1,205 7,651 Total other expense (12,899 ) (5,794 ) (19,079 ) (15,901 ) Loss before income taxes $ (19,959 ) $ (2,596 ) $ (17,874 ) $ (8,250 ) All inter-segment transactions have been eliminated. For the quarter and two quarters ended June 29, 2015, Corporate includes bank fees and legal, accounting, and other professional service costs associated with the acquisition of Viasystems of $22,627 and $30,862, respectively. There were no bank fees or legal, accounting, or other professional service costs associated with the Viasystems acquisition for the quarter or two quarters ended June 30, 2014.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 29, 2015
Related Party Transactions	(17) Related Party Transactions In the normal course of business, the Company’s foreign subsidiaries purchase laminate and prepreg from related parties in which a significant shareholder of the Company holds an equity interest. The Company purchased laminate and prepreg from these related parties in the amount of $12,914 and $13,390 for the quarters ended June 29, 2015 and June 30, 2014, respectively, and $22,859 and $25,180 for the two quarters ended June 29, 2015 and June 30, 2014, respectively. Dongguan Shengyi Electronics Ltd. (SYE) is also a related party as it is a wholly owned subsidiary of an entity in which a significant shareholder of the Company holds an equity interest. The Company sells PCB’s to SYE and purchases various services in relation to PCB manufacturing from SYE. Sales to SYE for the quarters ended June 29, 2015 and June 30, 2014 were $1,343 and $9,100, respectively, and $2,825 and $19,253 for the two quarters ended June 29, 2015 and June 30, 2014, respectively. Purchases of various services in relation to PCB manufacturing for the quarters ended June 29, 2015 and June 30, 2014 were $366 and $201, respectively, and $805 and $472 for the two quarters ended June 29, 2015 and June 30, 2014, respectively. As of June 29, 2015 and December 29, 2014, the Company’s consolidated balance sheets included $15,739 and $17,950, respectively, in accounts payable due to, and $2,852 and $4,934, respectively, in accounts receivable due from a related party for the purchase of laminate and prepreg and various PCB manufacturing services, and sales of PCBs to SYE, as mentioned above.

Nature of Operations and Basi24

Nature of Operations and Basis of Presentation (Policies)	6 Months Ended
	Jun. 29, 2015
Recently Issued Accounting Standards	Recently Issued Accounting Standards In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2015-03, Interest-Imputation of Interest In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers

Acquisition of Viasystems Gro25

Acquisition of Viasystems Group, Inc. (Tables)	6 Months Ended
	Jun. 29, 2015
Components of Purchase Price	The following summarizes the components of the purchase price: (In thousands) Value of TTM common stock issued $ 149,006 Cash consideration 248,824 397,830 Debt assumed 669,024 Enterprise value $ 1,066,854
Preliminary Estimated Fair Values of Net Assets Acquired and Noncontrolling Interest	The following summarizes the preliminary estimated fair values of net assets acquired and noncontrolling interest: (In thousands) Cash $ 82,223 Restricted cash 3,542 Trade and notes receivables ($216,703 contractual gross receivables) 208,133 Inventories 138,277 Other current assets 31,023 Property, plant and equipment 452,836 Identifiable intangible assets 146,500 Goodwill 297,932 Other assets 672 Current liabilities (247,840 ) Long-term debt (669,024 ) Other liabilities (42,421 ) Noncontrolling interest (4,023 ) Total $ 397,830
Preliminary Estimated Fair Value Assigned to Each Class of Intangible Assets and Related Weighted Average Amortization Periods	The preliminary estimated fair value assigned to each class of intangible assets and the related weighted average amortization periods are as follows: Estimated fair value Weighted-average amortization period (In thousands) Customer relationships $ 143,500 8.2 years Technology 3,000 3.0 years $ 146,500
Unaudited Pro Forma Financial Information	The unaudited pro forma financial information in the table below gives effect to this acquisition as if it had occurred at the beginning of fiscal 2014. The pro forma financial information presented includes the effects of adjustments related to the amortization of acquired intangible assets and acquired inventory, depreciation of acquired fixed assets, and other non-recurring transactions costs directly associated with the acquisitions such as legal, accounting and banking fees. Quarter Ended Two Quarters Ended June 29, 2015 June 30, 2014 June 29, 2015 June 30, 2014 (In thousands, except per share data) Net sales $ 647,632 $ 598,564 $ 1,281,425 $ 1,186,371 Net loss attributable to TTM Technologies, Inc. stockholders (23,775 ) (5,399 ) (21,363 ) (36,445 ) Basic loss per share $ (0.23 ) $ (0.05 ) $ (0.21 ) $ (0.37 ) Dilutive loss per share $ (0.23 ) $ (0.05 ) $ (0.21 ) $ (0.37 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 29, 2015
Schedule of Inventories	Inventories as of June 29, 2015 and December 29, 2014 consisted of the following: As of June 29, December 29, (In thousands) Inventories: Raw materials $ 78,316 $ 44,477 Work-in-process 112,107 57,544 Finished goods 104,917 43,166 $ 295,340 $ 145,187

Goodwill and Definite-lived I27

Goodwill and Definite-lived Intangibles (Tables)	6 Months Ended
	Jun. 29, 2015
Goodwill	As of June 29, 2015 and December 29, 2014 goodwill was as follows: Asia Pacific Viasystems Total (In thousands) Balance as of December 29, 2014 $ 12,111 $ — $ 12,111 Goodwill recognized during the two quarters ended June 29, 2015 — 297,932 297,932 Foreign currency translation adjustment during the two quarters ended June 29, 2015 10 — 10 Balance as of June 29, 2015 $ 12,121 $ 297,932 $ 310,053
Definite Lived Intangibles	As of June 29, 2015 and December 29, 2014, the components of definite-lived intangibles were as follows: Gross Accumulated Accumulated Foreign Net Weighted (In thousands) (years) June 29, 2015: Customer relationships $ 91,492 (77,306 ) $ — $ 429 $ 14,615 9.2 Trade name 10,302 (9,413 ) — 11 900 6.0 Acquired intangibles from acquisition Customer relationships 143,500 (1,952 ) — — 141,548 8.2 Technology 3,000 (83 ) — — 2,917 3.0 $ 248,294 $ (88,754 ) $ — $ 440 $ 159,980 December 29, 2014: Customer relationships $ 120,427 $ (74,486 ) $ (28,935 ) $ 445 $ 17,451 9.2 Trade name 10,302 (8,520 ) — 17 1,799 6.0 $ 130,729 $ (83,006 ) $ (28,935 ) $ 462 $ 19,250
Estimated Aggregate Amortization for Definite-Lived Intangible Assets	Estimated aggregate amortization for definite-lived intangible assets for the next five years is as follows: (In thousands) Remaining 2015 $ 13,256 2016 23,065 2017 22,842 2018 22,075 2019 17,941 $ 99,179

Long-term Debt and Letters of28

Long-term Debt and Letters of Credit (Tables)	6 Months Ended
	Jun. 29, 2015
Long -Term Debt	The following table summarizes the long-term debt of the Company as of June 29, 2015 and December 29, 2014: Average Effective June 29, Average Effective December 29, (In thousands) Term loan due May 2021 6.0% $ 950,000 — — U.S. ABL revolving loan due May 2020 1.9% 80,000 — — Term loan due September 2016 — — 2.55% $ 273,800 Other 6.0% 1 6.00% 4 1,030,001 273,804 Less: Unamortized discount (32,828 ) — 997,173 273,804 Less: current maturities (87,126 ) (96,204 ) Long-term debt, less current maturities $ 910,047 $ 177,600
Long -Term Debt Maturities	The calendar maturities of long-term debt through 2019 and thereafter are as follows: (In thousands) Remaining 2015 $ 82,376 2016 16,625 2017 40,375 2018 47,500 2019 47,500 Thereafter 795,625 $ 1,030,001

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	6 Months Ended
	Jun. 29, 2015
Schedule of Liability and Equity Components of Convertible Senior Notes	As of June 29, 2015 and December 29, 2014, the following summarizes the liability and equity components of the convertible senior notes: As of June 29, 2015 As of December 29, 2014 Principal Unamortized Net Principal Unamortized Net (in thousands) Liability components: Convertible senior notes due 2020 $ 250,000 $ (49,252 ) $ 200,748 $ 250,000 $ (52,958 ) $ 197,042 Convertible senior notes due 2015 — — — 32,395 (554 ) 31,841 Total $ 250,000 $ (49,252 ) $ 200,748 $ 282,395 $ (53,512 ) $ 228,883 As of June 29, 2015 As of December 29, 2014 Embedded Embedded Total Embedded Embedded Total (in thousands) Equity components: Additional paid-in capital: Convertible senior notes due 2020 $ 60,227 $ (1,916 ) $ 58,311 $ 60,227 $ (1,916 ) $ 58,311 Convertible senior notes due 2015 — — — 39,781 (1,413 ) 38,368 Total $ 60,227 $ (1,916 ) $ 58,311 $ 100,008 $ (3,329 ) $ 96,679
Components of Interest Expense from Convertible Senior Notes	The components of interest expense resulting from the convertible senior notes for the quarter and two quarters ended June 29, 2015 and June 30, 2014 were as follows: For the Quarter Ended For the Two Quarters Ended June 29, June 30, June 29, June 30, (In thousands) Contractual coupon interest Convertible senior notes due 2020 $ 1,094 $ 1,094 $ 2,187 $ 2,179 Convertible senior notes due 2015 131 263 395 526 $ 1,225 $ 1,357 $ 2,582 $ 2,705 Amortization of debt discount Convertible senior notes due 2020 $ 1,867 $ 1,751 $ 3,705 $ 3,515 Convertible senior notes due 2015 187 345 554 683 $ 2,054 $ 2,096 $ 4,259 $ 4,198 Amortization of debt issuance costs Convertible senior notes due 2020 $ 187 $ 175 $ 371 $ 353 Convertible senior notes due 2015 19 35 56 69 $ 206 $ 210 $ 427 $ 422

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 29, 2015
Fair Values of Derivative Instruments in Consolidated Condensed Balance Sheets	The fair values of derivative instruments in the consolidated condensed balance sheets are as follows: Asset / (Liability) Fair Value Balance Sheet June 29, December 29, (In thousands) Cash flow derivative instruments designated as hedges: Foreign exchange contracts Other accrued expenses $ — $ (12 ) Cash flow derivative instruments not designated as hedges: Foreign exchange contracts Other accrued expenses (2,828 ) (5,050 ) $ (2,828 ) $ (5,062 )
Summary of Accumulated Other Comprehensive Income Related to Derivatives Designated as Cash Flow Hedges	The following table provides information about the amounts recorded in accumulated other comprehensive income related to derivatives designated as cash flow hedges, as well as the amounts recorded in each caption in the consolidated condensed statements of operations when derivative amounts are reclassified out of accumulated other comprehensive income: For the Quarter Ended June 29, 2015 June 30, 2014 Effective Portion Ineffective Effective Portion Ineffective Financial Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) (In thousands) Cash flow hedge: Foreign currency forward Depreciation expense $ — $ (43 ) $ — $ — $ (40 ) $ — $ — $ (43 ) $ — $ — $ (40 ) $ — For the Two Quarters Ended June 29, 2015 June 30, 2014 Effective Portion Ineffective Effective Portion Ineffective Financial Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) Gain/(Loss) (In thousands) Cash flow hedge: Foreign currency forward Depreciation expense $ (53 ) $ (85 ) $ — $ 120 $ (65 ) $ — $ (53 ) $ (85 ) $ — $ 120 $ (65 ) $ —
Summary of Activity of Designated Cash Flow Hedges in Accumulated Other Comprehensive Income (Loss)	The following table provides a summary of the activity associated with the designated cash flow hedges reflected in accumulated other comprehensive income (loss) for the two quarters ended June 29, 2015 and June 30, 2014: For the Two Quarters Ended June 29, June 30, (In thousands) Beginning balance unrealized loss, net of tax $ (1,424 ) $ (1,613 ) Changes in fair value (loss) gain, net of tax (53 ) 120 Reclassification to earnings 85 65 Ending balance unrealized loss, net of tax $ (1,392 ) $ (1,428 )

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 29, 2015
Schedule of Accumulated Other Comprehensive Income (Loss)	The following provides a summary of the components of accumulated other comprehensive income (loss) as of June 29, 2015 and December 29, 2014: Foreign Gains (Losses) Total (In thousands) Ending balance at December 29, 2014 $ 32,439 $ (1,424 ) $ 31,015 Other comprehensive income (loss) before reclassifications 2,175 (53 ) 2,122 Less: Amounts reclassified from accumulated other comprehensive income (loss) (1,786 ) 85 (1,701 ) Other comprehensive loss 389 32 421 Ending balance at June 29, 2015 $ 32,828 $ (1,392 ) $ 31,436
Summary of Reclassification Out of Accumulated Other Comprehensive Income	The following provides a summary of reclassifications out of accumulated other comprehensive income for the quarter and two quarters ended June 29, 2015 and June 30, 2014: Amount Reclassified from For the Quarter Ended For the Two Quarters Ended Details about Accumulated Other Comprehensive Income Statement of Operations Location June 29, June 30, June 29, June 30, Gain on foreign currency translation Gain on sale of assets, net of tax $ — $ — $ (1,786 ) $ — Loss on cash flow hedges Depreciation expense, net of tax $ 43 $ 40 $ 85 $ 65 Loss on available for sale securities Other, net, net of tax $ — $ 46 $ — $ 83

Fair Value Measures (Tables)

Fair Value Measures (Tables)	6 Months Ended
	Jun. 29, 2015
Carrying Amount and Estimated Fair Value of Financial Instruments	The carrying amount and estimated fair value of the Company’s financial instruments at June 29, 2015 and December 29, 2014 were as follows: June 29, 2015 December 29, 2014 Carrying Fair Carrying Fair (In thousands) Derivative liabilities, current $ 2,828 $ 2,828 $ 5,062 $ 5,062 Long-term debt 997,173 1,030,001 273,804 273,820 Convertible senior notes due 2020 200,748 292,575 197,042 241,875 Convertible senior notes due 2015 — — 31,841 32,631
Fair Value Measurements of Financial Assets and Liabilities on Recurring Basis	At June 29, 2015 and December 29, 2014, the following financial assets and liabilities were measured at fair value on a recurring basis using the type of inputs shown: June 29, Fair Value Measurements Using: Level 1 Inputs Level 2 Inputs Level 3 Inputs (In thousands) Foreign exchange derivative liabilities $ 2,828 $ — $ 2,828 $ — December 29, Fair Value Measurements Using: Level 1 Inputs Level 2 Inputs Level 3 Inputs (In thousands) Money market funds $ 129,012 $ 129,012 $ — — Foreign exchange derivative liabilities 5,062 — 5,062 —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 29, 2015
Schedule of Reconciliation of Loss per Share	The following is a reconciliation of the numerator and denominator used to calculate basic loss per share and diluted loss per share for the quarter and two quarters ended June 29, 2015 and June 30, 2014: Quarter Ended Two Quarters Ended June 29, June 30, June 29, June 30, (In thousands, except per share amounts) Net loss attributable to TTM Technologies, Inc. stockholders $ (36,612 ) $ (3,104 ) $ (33,166 ) $ (6,903 ) Weighted average shares outstanding 88,834 83,336 86,218 83,130 Dilutive effect of performance-based stock units, restricted stock units and stock options — — — — Diluted shares 88,834 83,336 86,218 83,130 Loss per share attributable to TTM Technologies, Inc. stockholders: Basic $ (0.41 ) $ (0.04 ) $ (0.38 ) $ (0.08 ) Diluted $ (0.41 ) $ (0.04 ) $ (0.38 ) $ (0.08 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 29, 2015
Amounts Recognized in Consolidated Financial Statements of Operations with Respect to Stock Based Compensation Plan	Stock-based compensation expense is recognized in the accompanying consolidated condensed statements of operations as follows: Quarter Ended Two Quarters Ended June 29, June 30, June 29, June 30, (In thousands) Cost of goods sold $ 243 $ 199 $ 468 $ 462 Selling and marketing 269 253 540 588 General and administrative 1,802 1,479 3,346 3,049 Stock-based compensation expense recognized 2,314 1,931 4,354 4,099 Income tax benefit recognized (606 ) (494 ) (1,128 ) (1,063 ) Total stock-based compensation expense after income taxes $ 1,708 $ 1,437 $ 3,226 $ 3,036
Performance-Based Restricted Stock Units Activity	PRUs activity for the two quarters ended June 29, 2015 was as follows: Shares Weighted (In thousands) Outstanding target shares at December 29, 2014 275 $ 8.03 Granted 295 7.22 Change in units due to annual financial target performance achievement 22 7.22 Outstanding target shares at June 29, 2015 592 $ 7.60
Summary of Unrecognized Compensation Costs	The following is a summary of total unrecognized compensation costs as of June 29, 2015: Unrecognized Remaining Weighted (In thousands) (years) RSU awards $ 14,085 1.6 PRU awards 2,267 1.7 $ 16,352

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 29, 2015
Reconciliation of Operating Income (Loss) from Segments to Consolidated	The Company evaluates segment performance based on operating segment income, which is operating income before amortization of intangibles. Interest expense and interest income are not presented by segment since they are not included in the measure of segment profitability reviewed by the chief operating decision maker. All inter-segment transactions have been eliminated. Quarter Ended Two Quarters Ended June 29, 2015 June 30, 2014 June 29, 2015 June 30, 2014 (In thousands) Net Sales: Asia Pacific $ 218,650 $ 166,699 $ 424,015 $ 332,365 North America 133,794 131,594 258,115 258,183 Viasystems (1) 93,194 — 93,194 — Total sales 445,638 298,293 775,324 590,548 Inter-segment sales (193 ) (658 ) (715 ) (1,018 ) Total net sales $ 445,445 $ 297,635 $ 774,609 $ 589,530 Operating Segment Income (Loss): Asia Pacific $ 13,654 $ (1,925 ) $ 28,095 $ 1,942 North America (13,514 ) 7,359 (17,816 ) 10,181 Viasystems (1) (3,290 ) — (3,290 ) — Total operating segment (loss) income (3,150 ) 5,434 6,989 12,123 Amortization of definite-lived intangibles (3,910 ) (2,236 ) (5,784 ) (4,472 ) Total operating (loss) income (7,060 ) 3,198 1,205 7,651 Total other expense (12,899 ) (5,794 ) (19,079 ) (15,901 ) Loss before income taxes $ (19,959 ) $ (2,596 ) $ (17,874 ) $ (8,250 ) (1) The quarter and two quarters ended June 30, 2014 do not include Viasystems, as the acquisition occurred on May 31, 2015. The Company will continue to evaluate segment performance based on operating segment income, which is operating income before amortization of intangibles for the new PCB and E-M Solutions reportable operating segments. Interest expense and interest income are not presented by segment since they are not included in the measure of segment profitability reviewed by the chief operating decision maker. The below is presented as if the Company had two operating segments under the new structure. Quarter Ended Two Quarters Ended June 29, 2015 June 30, 2014 June 29, 2015 June 30, 2014 (In thousands) Net Sales: PCB $ 417,021 $ 277,296 $ 726,813 $ 549,606 E-M Solutions 28,424 20,339 47,796 39,924 Total sales 445,445 297,635 774,609 589,530 Inter-segment sales — — — — Total net sales $ 445,445 $ 297,635 $ 774,609 $ 589,530 Operating Segment Income (Loss): PCB $ 30,456 $ 8,869 $ 53,716 $ 19,399 E-M Solutions (110 ) 1,477 541 2,469 Corporate (33,496 ) (4,912 ) (47,268 ) (9,745 ) Total operating segment (loss) income (3,150 ) 5,434 6,989 12,123 Amortization of definite-lived intangibles (3,910 ) (2,236 ) (5,784 ) (4,472 ) Total operating (loss) income (7,060 ) 3,198 1,205 7,651 Total other expense (12,899 ) (5,794 ) (19,079 ) (15,901 ) Loss before income taxes $ (19,959 ) $ (2,596 ) $ (17,874 ) $ (8,250 )

Acquisition of Viasystems Gro36

Acquisition of Viasystems Group, Inc - Additional Information (Detail) - TTM Viasystems Group Inc $ / shares in Units, shares in Thousands	May. 31, 2015USD ($)shares	Jun. 29, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 29, 2015USD ($)FacilityCustomer	Jun. 30, 2014USD ($)	May. 29, 2015$ / shares
Business Acquisition [Line Items]
Business acquisition agreement date				May 31, 2015
Cash consideration	$ 248,824,000
Number of shares issued | shares	15,082
Value of TTM common stock issued	$ 149,006,000
Number of facilities | Facility				15
Number of customers | Customer				1,000
Assumption of Viasystems debt	669,024,000
Acquisition transaction costs		$ 22,627,000	$ 0	$ 30,862,000	$ 0
Closing market price of common stock | $ / shares						$ 9.88
Inventories	$ 138,277,000
Minority interest percentage	5.00%
Net sales		647,632,000	598,564,000	1,281,425,000	1,186,371,000
Net loss		(23,775,000)	$ (5,399,000)	(21,363,000)	$ (36,445,000)
Net Sales
Business Acquisition [Line Items]
Net sales		93,194,000		93,194,000
Operating (Loss) Income
Business Acquisition [Line Items]
Net loss		$ 6,096,000		$ 6,096,000
UNITED STATES
Business Acquisition [Line Items]
Number of facilities | Facility				8
CHINA
Business Acquisition [Line Items]
Number of facilities | Facility				5
CANADA
Business Acquisition [Line Items]
Number of facilities | Facility				1
MEXICO
Business Acquisition [Line Items]
Number of facilities | Facility				1

Components of Purchase Price (D

Components of Purchase Price (Detail) - TTM Viasystems Group Inc $ in Thousands	May. 31, 2015USD ($)
Business Acquisition [Line Items]
Value of TTM common stock issued	$ 149,006
Cash consideration	248,824
Business Combination, Consideration Transferred, Excluding Debt Assumed, Total	397,830
Debt assumed	669,024
Enterprise value	$ 1,066,854

Preliminary Estimated Fair Valu

Preliminary Estimated Fair Values of Net Assets Acquired and Noncontrolling Interest (Detail) - TTM Viasystems Group Inc $ in Thousands	May. 31, 2015USD ($)
Business Acquisition [Line Items]
Cash	$ 82,223
Restricted cash	3,542
Trade and notes receivables ($216,703 contractual gross receivables)	208,133
Inventories	138,277
Other current assets	31,023
Property, plant and equipment	452,836
Identifiable intangible assets	146,500
Goodwill	297,932
Other assets	672
Current liabilities	(247,840)
Long-term debt	(669,024)
Other liabilities	(42,421)
Noncontrolling interest	(4,023)
Total	$ 397,830

Preliminary Estimated Fair Va39

Preliminary Estimated Fair Values of Net Assets Acquired and Noncontrolling Interest (Parenthetical) (Detail) $ in Thousands	May. 31, 2015USD ($)
TTM Viasystems Group Inc
Business Acquisition [Line Items]
Contractual gross receivables	$ 216,703

Preliminary Estimated Fair Va40

Preliminary Estimated Fair Value Assigned to Each Class of Intangible Assets and Related Weighted Average Amortization Periods (Detail) - Jun. 29, 2015 - USD ($) $ in Thousands	Total
Indefinite-lived Intangible Assets [Line Items]
Estimated fair value	$ 146,500
Customer Relationships
Indefinite-lived Intangible Assets [Line Items]
Estimated fair value	$ 143,500
Weighted-average amortization period	8 years 2 months 12 days
Technology
Indefinite-lived Intangible Assets [Line Items]
Estimated fair value	$ 3,000
Weighted-average amortization period	3 years

Unaudited Pro Forma Financial I

Unaudited Pro Forma Financial Information (Detail) - TTM Viasystems Group Inc - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Business Acquisition [Line Items]
Net sales	$ 647,632	$ 598,564	$ 1,281,425	$ 1,186,371
Net loss attributable to TTM Technologies, Inc. stockholders	$ (23,775)	$ (5,399)	$ (21,363)	$ (36,445)
Basic loss per share	$ (0.23)	$ (0.05)	$ (0.21)	$ (0.37)
Dilutive loss per share	$ (0.23)	$ (0.05)	$ (0.21)	$ (0.37)

Schedule of Inventories (Detail

Schedule of Inventories (Detail) - USD ($) $ in Thousands	Jun. 29, 2015	Dec. 29, 2014
Inventory [Line Items]
Raw materials	$ 78,316	$ 44,477
Work-in-process	112,107	57,544
Finished goods	104,917	43,166
Inventories	$ 295,340	$ 145,187

Impairment and Sale of Suzhou43

Impairment and Sale of Suzhou, China Manufacturing Facility - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 29, 2015
Long Lived Assets Held-for-sale [Line Items]
Impairment charges	$ 1,845
Gain on sale of assets		$ 2,504
Suzhou China Manufacturing facility
Long Lived Assets Held-for-sale [Line Items]
Consideration received from sale of assets held for sale		21,275
Gain on sale of assets		$ 2,504

Goodwill (Detail)

Goodwill (Detail) $ in Thousands	6 Months Ended
	Jun. 29, 2015USD ($)
Goodwill [Line Items]
Beginning Balance, Goodwill Gross	$ 12,111
Goodwill recognized during the two quarters ended June 29, 2015	297,932
Foreign currency translation adjustment during the two quarters ended June 29, 2015	10
Ending Balance, Goodwill Gross	310,053
Asia Pacific
Goodwill [Line Items]
Beginning Balance, Goodwill Gross	12,111
Foreign currency translation adjustment during the two quarters ended June 29, 2015	10
Ending Balance, Goodwill Gross	12,121
Viasystems
Goodwill [Line Items]
Goodwill recognized during the two quarters ended June 29, 2015	297,932
Ending Balance, Goodwill Gross	$ 297,932

Definite Lived Intangibles (Det

Definite Lived Intangibles (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 29, 2015	Dec. 29, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 248,294	$ 130,729
Accumulated Amortization	(88,754)	(83,006)
Accumulated Impairment		(28,935)
Foreign Currency Translation Adjustment	440	462
Net Carrying Amount	159,980	19,250
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Amount	91,492	120,427
Accumulated Amortization	(77,306)	(74,486)
Accumulated Impairment		(28,935)
Foreign Currency Translation Adjustment	429	445
Net Carrying Amount	$ 14,615	$ 17,451
Weighted Average Amortization Period	9 years 2 months 12 days	9 years 2 months 12 days
Customer Relationships | Acquired Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 143,500
Accumulated Amortization	(1,952)
Net Carrying Amount	$ 141,548
Weighted Average Amortization Period	8 years 2 months 12 days
Trade Name
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 10,302	$ 10,302
Accumulated Amortization	(9,413)	(8,520)
Foreign Currency Translation Adjustment	11	17
Net Carrying Amount	$ 900	$ 1,799
Weighted Average Amortization Period	6 years	6 years
Technology | Acquired Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 3,000
Accumulated Amortization	(83)
Net Carrying Amount	$ 2,917
Weighted Average Amortization Period	3 years

Goodwill and Definite-lived I46

Goodwill and Definite-lived Intangibles - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense	$ 3,910	$ 2,236	$ 5,784	$ 4,472

Estimated Aggregate Amortizatio

Estimated Aggregate Amortization for Definite-Lived Intangible Assets (Detail) $ in Thousands	Jun. 29, 2015USD ($)
Expected Amortization Expense [Line Items]
Remaining 2,015	$ 13,256
2,016	23,065
2,017	22,842
2,018	22,075
2,019	17,941
Expected Finite Lived Intangible Assets Amortization Expenses, Total	$ 99,179

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 29, 2015	Dec. 29, 2014
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,030,001	$ 273,804
Less: Unamortized discount	(32,828)
Long-term debt, Carrying Amount	997,173	273,804
Less: current maturities	(87,126)	(96,204)
Long-term debt, less current maturities	910,047	177,600
Long-term debt, Carrying Amount	997,173	273,804
Term Loan Due May 2021
Debt Instrument [Line Items]
Long-term debt, gross	950,000
Less: current maturities	(7,125)
Long-term debt, less current maturities	$ 942,875
Average Effective Interest Rate	6.00%
U.S. Asset Based Lending Revolving Loan Due May 2020
Debt Instrument [Line Items]
Revolving loan	$ 80,000
Average Effective Interest Rate	1.90%
Term loan due September 2016
Debt Instrument [Line Items]
Long-term debt, gross		$ 273,800
Average Effective Interest Rate		2.55%
Other
Debt Instrument [Line Items]
Long-term debt, gross	$ 1	$ 4
Average Effective Interest Rate	6.00%	6.00%

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Detail)	6 Months Ended
	Jun. 29, 2015
Term Loan Due May 2021
Debt Instrument [Line Items]
Long-term debt, maturity month and year	2021-05
U.S. Asset Based Lending Revolving Loan Due May 2020
Debt Instrument [Line Items]
Long-term debt, maturity month and year	2020-05
Term loan due September 2016
Debt Instrument [Line Items]
Long-term debt, maturity month and year	2016-09

Long-Term Debt Maturities (Deta

Long-Term Debt Maturities (Detail) - USD ($) $ in Thousands	Jun. 29, 2015	Dec. 29, 2014
Debt Instrument [Line Items]
Remaining 2,015	$ 82,376
2,016	16,625
2,017	40,375
2,018	47,500
2,019	47,500
Thereafter	795,625
Long-term debt, gross	$ 1,030,001	$ 273,804

Long-Term Debt and Letters of51

Long-Term Debt and Letters of Credit - Additional Information (Detail)	May. 31, 2015USD ($)	Jun. 29, 2015USD ($)Tranche	Jun. 30, 2014USD ($)	Jun. 29, 2015USD ($)Tranche	Jun. 30, 2014USD ($)	Dec. 29, 2014USD ($)
Debt Instrument [Line Items]
Unamortized debt issuance costs, amortization period				5 years 10 months 24 days
Commitment fee under credit agreement				0.375%
Line of credit unused portion of commitment fee		$ 193,000	$ 151,000	$ 366,000	$ 284,000
Long-term debt, gross		1,030,001,000		1,030,001,000		$ 273,804,000
Long-term debt, current		87,126,000		87,126,000		96,204,000
Long-term debt, less current maturities		910,047,000		910,047,000		177,600,000
Long-term debt outstanding amount		997,173,000		997,173,000		$ 273,804,000
Loss on extinguishment of debt		$ (802,000)		$ (802,000)	$ (506,000)
U.S. Asset Based Lending Revolving Loan Due May 2020
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity	$ 150,000,000
Revolving loan, drawn	80,000,000
Long-term debt, maturity date		May 31, 2020
Number of tranches | Tranche		3		3
Debt instrument, weighted average interest rate		1.90%		1.90%
Revolving loan outstanding, current		$ 80,000,000		$ 80,000,000
Debt instrument, available borrowing capacity		$ 65,444,000		$ 65,444,000
U.S. Asset Based Lending Revolving Loan Due May 2020 | Minimum
Debt Instrument [Line Items]
Commitment fee under credit agreement				0.25%
U.S. Asset Based Lending Revolving Loan Due May 2020 | Maximum
Debt Instrument [Line Items]
Commitment fee under credit agreement				0.375%
U.S. Asset Based Lending Revolving Loan Due May 2020 | London Interbank Offered Rate (LIBOR) | Minimum | 2016
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
U.S. Asset Based Lending Revolving Loan Due May 2020 | London Interbank Offered Rate (LIBOR) | Maximum | 2016
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.00%
U.S. Asset Based Lending Revolving Loan Due May 2020 | Prime Rate | Minimum | 2016
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%
U.S. Asset Based Lending Revolving Loan Due May 2020 | Prime Rate | Maximum | 2016
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.00%
Asia Asset Based Revolving Loan
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity	150,000,000
Long-term debt, maturity date		May 22, 2020
Number of tranches | Tranche		2		2
Revolving loan outstanding, current		$ 0		$ 0
Debt instrument, available borrowing capacity		$ 150,000,000		$ 150,000,000
Term Loan Due May 2021
Debt Instrument [Line Items]
Loan agreement amount	$ 950,000,000
Debt instrument, discount percentage		96.50%		96.50%
Long term debt, weighted average interest rate		6.00%		6.00%
Long-term debt, maturity date		May 31, 2021
Debt instrument, percentage of voting stock pledged as security		65.00%
Long-term debt, gross		$ 950,000,000		$ 950,000,000
Long-term debt, current		7,125,000		7,125,000
Long-term debt, less current maturities		$ 942,875,000		$ 942,875,000
Term Loan Due May 2021 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, floor interest rate		1.00%		1.00%
Debt instrument, basis spread on variable rate		5.00%
Term Loan Due May 2021 | Prime Rate
Debt Instrument [Line Items]
Debt instrument, floor interest rate		2.00%		2.00%
Debt instrument, basis spread on variable rate		4.00%
U.S. Asset Based Lending Revolving Loan
Debt Instrument [Line Items]
ABL Revolving loans effective interest rate		7.49%		7.49%
Other Non-current Assets
Debt Instrument [Line Items]
Unamortized debt issuance costs		$ 33,585,000		$ 33,585,000
Unamortized debt discount costs		32,828,000		32,828,000
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity		37,100,000		37,100,000
Line of credit unused portion of commitment fee				0
Revolving Credit Facility | U.S. Asset Based Lending Revolving Loan Due May 2020
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity		$ 150,000,000		150,000,000
Revolving Credit Facility | U.S. Asset Based Lending Revolving Loan Due May 2020 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.75%
Revolving Credit Facility | U.S. Asset Based Lending Revolving Loan Due May 2020 | Prime Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.75%
Revolving Credit Facility | Asia Asset Based Revolving Loan
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity		$ 150,000,000		150,000,000
Revolving Credit Facility | Asia Asset Based Revolving Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.75%
Letters of Credit Facility | Minimum
Debt Instrument [Line Items]
Other standby letter of credit, expiry date		Jul. 2, 2015
Letters of Credit Facility | Maximum
Debt Instrument [Line Items]
Other standby letter of credit, expiry date		May 16, 2016
Letters of Credit Facility | U.S. Asset Based Lending Revolving Loan Due May 2020
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity		$ 75,000,000		75,000,000
Unused letters of credit		4,556,000		4,556,000
Letters of Credit Facility | Asia Asset Based Revolving Loan
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity		100,000,000		100,000,000
Swingline Loans | U.S. Asset Based Lending Revolving Loan Due May 2020
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity		30,000,000		$ 30,000,000
Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Commitment fee under credit agreement				0.50%
Unused borrowing		90,000,000		$ 90,000,000
Other Standby Letter of Credit
Debt Instrument [Line Items]
Unused letters of credit		20,516,000		20,516,000
Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt outstanding amount		$ 225,700,000		$ 225,700,000

Convertible Senior Notes - Addi

Convertible Senior Notes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 29, 2015	Jun. 29, 2015	Jun. 30, 2014	Dec. 29, 2014
Debt Instrument [Line Items]
Convertible Notes, face amount	$ 250,000	$ 250,000		$ 282,395
Repayment of convertible senior notes outstanding		$ 23,664	$ 5,411
1.75% convertible senior notes due December 15, 2020
Debt Instrument [Line Items]
Convertible Notes, interest rate	1.75%	1.75%
Long-term debt, maturity date		Dec. 15, 2020
Convertible Notes, face amount	$ 250,000	$ 250,000		250,000
Convertible Notes, effective interest rate	6.48%	6.48%	6.48%
3.25% Convertible Senior Notes Due May 15, 2015
Debt Instrument [Line Items]
Convertible Notes, interest rate	3.25%	3.25%
Long-term debt, maturity date	May 15, 2015
Convertible Notes, face amount				32,395
Aggregate principal amount	$ 175,000	$ 175,000
Repayment of convertible senior notes outstanding	$ 32,395
Convertible Notes, effective interest rate	8.37%	8.37%	8.37%
Convertible Debt
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 4,936	$ 4,936		$ 5,363
Unamortized Convertible Note discount and debt issuance costs, amortization period (in years)		5 years 6 months

Schedule of Liability and Equit

Schedule of Liability and Equity Components of Senior Convertible Notes (Detail) - USD ($) $ in Thousands	Jun. 29, 2015	Dec. 29, 2014
Schedule of Convertible Notes [Line Items]
Principal	$ 250,000	$ 282,395
Unamortized Discount	(49,252)	(53,512)
Net Carrying Amount	200,748	228,883
Embedded conversion option - Convertible Senior Notes	60,227	100,008
Embedded conversion option - Convertible Senior Notes Issuance Costs	(1,916)	(3,329)
Total	58,311	96,679
1.75% convertible senior notes due December 15, 2020
Schedule of Convertible Notes [Line Items]
Principal	250,000	250,000
Unamortized Discount	(49,252)	(52,958)
Net Carrying Amount	200,748	197,042
Embedded conversion option - Convertible Senior Notes	60,227	60,227
Embedded conversion option - Convertible Senior Notes Issuance Costs	(1,916)	(1,916)
Total	$ 58,311	58,311
3.25% Convertible Senior Notes Due May 15, 2015
Schedule of Convertible Notes [Line Items]
Principal		32,395
Unamortized Discount		(554)
Net Carrying Amount		31,841
Embedded conversion option - Convertible Senior Notes		39,781
Embedded conversion option - Convertible Senior Notes Issuance Costs		(1,413)
Total		$ 38,368

Components of Interest Expense

Components of Interest Expense from Senior Convertible Notes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Debt Disclosure [Line Items]
Contractual coupon interest	$ 1,225	$ 1,357	$ 2,582	$ 2,705
Amortization of debt discount	2,054	2,096	4,259	4,198
Amortization of debt issuance costs	206	210	427	422
1.75% convertible senior notes due December 15, 2020
Debt Disclosure [Line Items]
Contractual coupon interest	1,094	1,094	2,187	2,179
Amortization of debt discount	1,867	1,751	3,705	3,515
Amortization of debt issuance costs	187	175	371	353
3.25% Convertible Senior Notes Due May 15, 2015
Debt Disclosure [Line Items]
Contractual coupon interest	131	263	395	526
Amortization of debt discount	187	345	554	683
Amortization of debt issuance costs	$ 19	$ 35	$ 56	$ 69

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - Jun. 29, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total	Total
Income Taxes [Line Items]
Federal statutory rate		35.00%
Net discrete tax expense	$ 11,490
Valuation allowances	19,588
Reversal of deferred tax liabilities	$ 8,316	$ 8,316
Increase in earnings per share, basic and diluted	$ 0.01	$ 0.04
TTM Viasystems Group Inc
Income Taxes [Line Items]
Increase in unrecognized tax benefits including interest and penalties	$ 29,372
CHINA
Income Taxes [Line Items]
Decrease in income taxes	$ 971	$ 3,702

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014	Dec. 29, 2014
Derivative [Line Items]
Expense will be reclassified into the statement of operations, net of tax, in the next 12 months			$ 175
Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	$ 13,353		13,353		$ 29,142
Derivative instruments not designated as hedges	$ (341)	$ 432	$ (258)	$ 954

Fair Values of Derivative Instr

Fair Values of Derivative Instruments in Consolidated Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Jun. 29, 2015	Dec. 29, 2014
Derivative [Line Items]
Asset (Liability), Fair Value	$ (2,828)	$ (5,062)
Foreign exchange contracts | Other accrued expenses
Derivative [Line Items]
Cash flow derivative instruments designated as hedges, Liability Fair Value		(12)
Cash flow derivative instruments not designated as hedges, Liability Fair Value	$ (2,828)	$ (5,050)

Summary of Accumulated Other Co

Summary of Accumulated Other Comprehensive Income Related to Derivatives Designated as Cash Flow Hedges (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain/(Loss) Recognized in Other Comprehensive Income			$ (53)	$ 120
Effective Portion, Gain/(Loss) Reclassified into Income	$ (43)	$ (40)	(85)	(65)
Ineffective Portion, Gain/ (Loss) Recognized/ Reclassified into Income	0	0	0	0
Foreign Exchange Forward | Depreciation Expense
Derivative Instruments, Gain (Loss) [Line Items]
Effective Portion, Gain/(Loss) Recognized in Other Comprehensive Income			(53)	120
Effective Portion, Gain/(Loss) Reclassified into Income	(43)	(40)	(85)	(65)
Ineffective Portion, Gain/ (Loss) Recognized/ Reclassified into Income	$ 0	$ 0	$ 0	$ 0

Summary of Activity of Designat

Summary of Activity of Designated Cash Flow Hedges in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Derivative [Line Items]
Cash Flow Hedges, Beginning Balance			$ (1,424)	$ (1,613)
Changes in fair value (loss) gain, net of tax			(53)	120
Loss realized in net earnings	$ 43	$ 40	85	65
Cash Flow Hedges, Ending Balance	$ (1,392)	$ (1,428)	$ (1,392)	$ (1,428)

Schedule of Accumulated Other C

Schedule of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ 31,015
Other comprehensive income (loss) before reclassifications			2,122
Less: Amounts reclassified from accumulated other comprehensive income (loss)			(1,701)
Other comprehensive loss	$ 1,155	$ (636)	421	$ (12,568)
Ending balance	31,436		31,436
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			32,439
Other comprehensive income (loss) before reclassifications			2,175
Less: Amounts reclassified from accumulated other comprehensive income (loss)			(1,786)
Other comprehensive loss			389
Ending balance	32,828		32,828
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(1,424)
Other comprehensive income (loss) before reclassifications			(53)
Less: Amounts reclassified from accumulated other comprehensive income (loss)			85
Other comprehensive loss			32
Ending balance	$ (1,392)		$ (1,392)

Summary of Reclassification out

Summary of Reclassification out of Accumulated Comprehensive Income, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gain on sale of assets, net of tax			$ (1,786)
Loss realized in net earnings	$ 43	$ 40	85	$ 65
Loss on available for sale securities, Net of tax		46		83
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Loss realized in net earnings	$ 43	$ 40	$ 85	$ 65

Significant Customers and Con62

Significant Customers and Concentration of Credit Risk - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 29, 2014	Jun. 29, 2015	Jun. 30, 2014
Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Percentage of net sales, accounted by one customer	22.00%	0.00%	24.00%	12.00%

Carrying Amount and Estimated F

Carrying Amount and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 29, 2015	Dec. 29, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liabilities, current, Carrying Amount	$ 2,828	$ 5,062
Long-term debt, Carrying Amount	997,173	273,804
Convertible senior notes, Carrying Amount	200,748	197,042
Derivative liabilities, current, Fair Value	2,828	5,062
Long-term debt, Fair Value	1,030,001	273,820
Long-term Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, Carrying Amount	997,173	273,804
Convertible Senior Notes Due December 15, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible senior notes, Carrying Amount	200,748	197,042
Convertible senior notes, Fair Value	$ 292,575	241,875
Convertible Senior Notes Due May 15, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible senior notes, Carrying Amount		31,841
Convertible senior notes, Fair Value		$ 32,631

Fair Value Measurements of Fina

Fair Value Measurements of Financial Assets and Liabilities on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 29, 2015	Dec. 29, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Money market funds		$ 129,012
Foreign exchange derivative liabilities	$ 2,828	5,062
Level 1 Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Money market funds		129,012
Level 2 Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign exchange derivative liabilities	$ 2,828	$ 5,062

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Sep. 22, 2014LegalMatter	Jun. 29, 2015USD ($)
Commitments and Contingencies [Line Items]
Number of putative class action complaints related to Viasystems acquisition | LegalMatter	2
Legal settlement fee		$ 550,000,000

Reconciliation of Numerator and

Reconciliation of Numerator and Denominator Used to Calculate Basic Loss Per Share and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Earnings Per Share [Line Items]
Net loss attributable to TTM Technologies, Inc. stockholders	$ (36,612)	$ (3,104)	$ (33,166)	$ (6,903)
Weighted average shares outstanding	88,834	83,336	86,218	83,130
Dilutive effect of performance-based stock units, restricted stock units and stock options	0	0	0	0
Diluted shares	88,834	83,336	86,218	83,130
Loss per share attributable to TTM Technologies, Inc. stockholders:
Basic	$ (0.41)	$ (0.04)	$ (0.38)	$ (0.08)
Diluted	$ (0.41)	$ (0.04)	$ (0.38)	$ (0.08)

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock option exercise price lower limit	$ 5.78	$ 5.78	$ 5.78	$ 5.78
Stock option exercise price upper limit	$ 16.82	$ 16.82	$ 16.82	$ 16.82
Convertible Debt
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculating diluted earnings per share	25,940	25,940	25,940	25,940
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculating diluted earnings per share	433	563	433	563
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculating diluted earnings per share	2,335	1,729	2,335	1,729
Performance-Based Restricted Stock Units (PRUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculating diluted earnings per share	275	229	275	229
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculating diluted earnings per share	28,020	28,020	28,020	28,020

Amounts Recognized in Consolida

Amounts Recognized in Consolidated Financial Statements with Respect to Stock Based Compensation Plan (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	$ 2,314	$ 1,931	$ 4,354	$ 4,099
Income tax benefit recognized	(606)	(494)	(1,128)	(1,063)
Total stock-based compensation expense after income taxes	1,708	1,437	3,226	3,036
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	243	199	468	462
Selling and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	269	253	540	588
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	$ 1,802	$ 1,479	$ 3,346	$ 3,049

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 29, 2015$ / sharesshares	Jun. 30, 2014$ / sharesshares	Jun. 29, 2015$ / sharesshares	Jun. 30, 2014$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option granted	0	0	0	0
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of times common stock released at end of the period exceeds the target number			0
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of times common stock released at end of the period exceeds the target number			2.4
Performance-Based Restricted Stock Units (PRUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted			295,000
Restricted stock units weighted-average fair value per unit | $ / shares			$ 7.22
Performance-Based Restricted Stock Units (PRUs) | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vesting period (in years)			3 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted	331,000	73,000	1,301,000	833,000
Restricted stock units weighted-average fair value per unit | $ / shares	$ 10.19	$ 7.96	$ 9.15	$ 8

Performance-Based Restricted St

Performance-Based Restricted Stock Units Activity (Detail) - Jun. 29, 2015 - Performance-Based Restricted Stock Units (PRUs) - $ / shares shares in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, December 29, 2014	275
Granted	295
Change in units due to annual financial target performance achievement	22
Outstanding target shares at June 29, 2015	592
Weighted Average Grant-Date Fair Value
Beginning balance, December 29, 2014	$ 8.03
Granted	7.22
Change in units due to annual financial target performance achievement	7.22
Ending balance, June 29, 2015	$ 7.60

Summary of Unrecognized Compens

Summary of Unrecognized Compensation Costs (Detail) - Jun. 29, 2015 - USD ($) $ in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation Cost	$ 16,352
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation Cost	$ 14,085
Remaining Weighted Average Recognition Period (years)	1 year 7 months 6 days
Performance-Based Restricted Stock Units (PRUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation Cost	$ 2,267
Remaining Weighted Average Recognition Period (years)	1 year 8 months 12 days

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 29, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 29, 2015USD ($)SegmentFacility	Jun. 30, 2014USD ($)
Segment Reporting Information [Line Items]
Number of geographic operating segments of parent company | Segment			3
Reportable operating segments | Segment			2
TTM Viasystems Group Inc
Segment Reporting Information [Line Items]
Business combination, acquisition related costs | $	$ 22,627,000	$ 0	$ 30,862,000	$ 0
North America
Segment Reporting Information [Line Items]
Number of PCB fabrication plants			7
Asia Pacific
Segment Reporting Information [Line Items]
Number of PCB fabrication plants			5
Viasystems
Segment Reporting Information [Line Items]
Number of manufacturing facilities			15
UNITED STATES | Viasystems
Segment Reporting Information [Line Items]
Number of manufacturing facilities			8
CHINA | Viasystems
Segment Reporting Information [Line Items]
Number of manufacturing facilities			5
CANADA | Viasystems
Segment Reporting Information [Line Items]
Number of manufacturing facilities			1
MEXICO | Viasystems
Segment Reporting Information [Line Items]
Number of manufacturing facilities			1

Reconciliation of Operating Inc

Reconciliation of Operating Income (Loss) from Segments to Consolidated By Operating Segments (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Total net sales		$ 445,445	$ 297,635	$ 774,609	$ 589,530
Amortization of definite-lived intangibles		(3,910)	(2,236)	(5,784)	(4,472)
Operating (loss) income		(7,060)	3,198	1,205	7,651
Total other expense		(12,899)	(5,794)	(19,079)	(15,901)
Income (loss) before income taxes		(19,959)	(2,596)	(17,874)	(8,250)
Operating Segments
Segment Reporting Information [Line Items]
Total net sales		445,638	298,293	775,324	590,548
Total operating segment income		(3,150)	5,434	6,989	12,123
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Total net sales		218,650	166,699	424,015	332,365
Total operating segment income		13,654	(1,925)	28,095	1,942
Operating Segments | North America
Segment Reporting Information [Line Items]
Total net sales		133,794	131,594	258,115	258,183
Total operating segment income		(13,514)	7,359	(17,816)	10,181
Operating Segments | Viasystems
Segment Reporting Information [Line Items]
Total net sales	[1]	93,194		93,194
Total operating segment income	[1]	(3,290)		(3,290)
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total net sales		$ (193)	$ (658)	$ (715)	$ (1,018)
[1]	The quarter and two quarters ended June 30, 2014 do not include Viasystems, as the acquisition occurred on May 31, 2015.

Reconciliation of Operating I74

Reconciliation of Operating Income (Loss) from Segments to Consolidated By Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Total net sales	$ 445,445	$ 297,635	$ 774,609	$ 589,530
Amortization of definite-lived intangibles	(3,910)	(2,236)	(5,784)	(4,472)
Total operating (loss) income	(7,060)	3,198	1,205	7,651
Total other expense	(12,899)	(5,794)	(19,079)	(15,901)
Loss before income taxes	(19,959)	(2,596)	(17,874)	(8,250)
Operating Segments
Segment Reporting Information [Line Items]
Total sales	445,445	297,635	774,609	589,530
Total net sales	445,638	298,293	775,324	590,548
Total operating segment (loss) income	(3,150)	5,434	6,989	12,123
Operating Segments | Printed Circuit Board
Segment Reporting Information [Line Items]
Total sales	417,021	277,296	726,813	549,606
Total operating segment (loss) income	30,456	8,869	53,716	19,399
Operating Segments | E-M Solutions
Segment Reporting Information [Line Items]
Total sales	28,424	20,339	47,796	39,924
Total operating segment (loss) income	(110)	1,477	541	2,469
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Total operating segment (loss) income	$ (33,496)	$ (4,912)	$ (47,268)	$ (9,745)

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2015	Jun. 30, 2014	Jun. 29, 2015	Jun. 30, 2014	Dec. 29, 2014
Related Party Transaction [Line Items]
Purchases from related party	$ 12,914	$ 13,390	$ 22,859	$ 25,180
Accounts payable due to related parties	15,739		15,739		$ 17,950
Accounts receivable due from related parties	2,852		2,852		$ 4,934
Dongguan Shengyi Electronics Ltd.
Related Party Transaction [Line Items]
Purchases from related party	366	201	805	472
Sales to related party	$ 1,343	$ 9,100	$ 2,825	$ 19,253