Fabrinet (FN) 10-Q 3 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 25, 2015	Oct. 23, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 25, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	FN
Entity Registrant Name	FABRINET
Entity Central Index Key	1,408,710
Current Fiscal Year End Date	--06-24
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		35,784,074

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 25, 2015	Jun. 26, 2015
Current assets
Cash and cash equivalents	$ 95,465	$ 112,978
Marketable securities	152,121	142,866
Trade accounts receivable, net	139,715	134,952
Inventory, net	143,380	130,613
Deferred tax assets	1,619	1,662
Prepaid expenses	2,404	2,135
Other current assets	1,739	1,833
Total current assets	536,443	527,039
Non-current assets
Property, plant and equipment, net	144,148	140,654
Intangibles, net	195	137
Deferred tax assets	2,249	2,249
Deferred debt issuance costs	2,542	2,360
Deposits and other non-current assets	2,623	64
Total non-current assets	151,757	145,464
Total assets	688,200	672,503
Current liabilities
Bank borrowings, including revolving loan and current portion of long-term loan from banks	36,000	36,000
Trade accounts payable	117,978	115,319
Income tax payable	2,120	1,470
Accrued payroll, bonus and related expenses	8,488	9,804
Accrued expenses	16,427	6,405
Other payables	12,089	12,050
Total current liabilities	193,102	181,048
Non-current liabilities
Long-term loans from bank, non-current portion	3,000	4,500
Deferred tax liability	851	737
Severance liabilities	5,424	5,477
Other non-current liabilities	1,847	1,797
Total non-current liabilities	11,122	12,511
Total liabilities	$ 204,224	$ 193,559
Commitments and contingencies (Note 14)
Shareholders' equity
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of September 25, 2015 and June 26, 2015)
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 35,776,771 shares and 35,437,654 shares issued and outstanding as of September 25, 2015 and June 26, 2015, respectively)	$ 358	$ 354
Additional paid-in capital	92,728	89,390
Retained earnings	390,847	389,244
Accumulated other comprehensive income (loss)	43	(44)
Total shareholders' equity	483,976	478,944
Total Liabilities and Shareholders' Equity	$ 688,200	$ 672,503

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 25, 2015	Jun. 26, 2015
Preferred shares, shares authorized	5,000,000	5,000,000
Preferred shares, par value	$ 0.01	$ 0.01
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, par value	$ 0.01	$ 0.01
Ordinary shares, shares issued	35,776,771	35,437,654
Ordinary shares, shares outstanding	35,776,771	35,437,654

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Revenues	$ 216,433	$ 189,325
Cost of revenues	(190,422)	(168,819)
Gross profit	26,011	20,506
Selling, general and administrative expenses	(11,900)	(8,737)
Other expenses in relation to flood	(864)
Operating income	13,247	11,769
Interest income	442	374
Interest expense	(402)	(133)
Foreign exchange loss, net	(10,492)	(106)
Other income	103	103
Income before income taxes	2,898	12,007
Income tax expense	(1,295)	(971)
Net income	1,603	11,036
Other comprehensive income, before tax:
Change in fair value of marketable securities	(18)
Less: Reclassification adjustment for net loss realized and included in net income	105
Total change in unrealized gain on marketable securities, before tax	87
Income tax expense related to items of other comprehensive income	0	0
Total other comprehensive income	87
Net comprehensive income	$ 1,690	$ 11,036
Earnings per share
Basic	$ 0.05	$ 0.31
Diluted	$ 0.04	$ 0.31
Weighted-average number of ordinary shares outstanding(thousands of shares)
Basic	35,579	35,230
Diluted	36,315	35,587

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Cash flows from operating activities
Net income for the period	$ 1,603	$ 11,036
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	4,053	2,887
Amortization of intangibles	10	21
Gain on disposal of property, plant and equipment	(26)	(46)
Loss from sales and maturities of available-for-sale securities	92
Amortization of investment premium	298
Amortization of deferred debt issuance costs	171
Reversal of allowance for doubtful accounts	(4)	(1)
Unrealized loss (gain) on exchange rate and fair value of derivative	10,855	(62)
Share-based compensation	2,673	1,867
Deferred income tax	157	6
Other non-cash expenses	386	360
Inventory obsolescence	150	515
Loss from written-off inventory	233
Changes in operating assets and liabilities
Trade accounts receivable	(4,948)	(6,745)
Inventory	(13,150)	(4,617)
Other current assets and non-current assets	(668)	(396)
Trade accounts payable	3,053	6,860
Income tax payable	707	460
Other current liabilities and non-current liabilities	(1,106)	3,688
Net cash provided by operating activities	4,539	15,833
Cash flows from investing activities
Purchase of marketable securities	(38,773)
Proceeds from sales of marketable securities	16,687
Proceeds from maturities of marketable securities	12,528
Purchase of property, plant and equipment	(8,452)	(1,510)
Purchase of intangibles	(68)
Deposits for land purchase	(2,352)
Proceeds from disposal of property, plant and equipment	28	46
Net cash used in investing activities	(20,402)	(1,464)
Cash flows from financing activities
Payment of debt issuance costs	(353)	(1,570)
Repayment of long-term loans from bank	(1,500)	(1,500)
Proceeds from issuance of ordinary shares under employee share option plans	1,547	2
Withholding tax related to net share settlement of restricted share units	(878)	(189)
Net cash used in financing activities	(1,184)	(3,257)
Net (decrease) increase in cash and cash equivalents	(17,047)	11,112
Movement in cash and cash equivalents
Cash and cash equivalents at beginning of period	112,978	233,477
(Decrease) increase in cash and cash equivalents	(17,047)	11,112
Effect of exchange rate on cash and cash equivalents	(466)	94
Cash and cash equivalents at end of period	$ 95,465	$ 244,683

Business and organization

Business and organization	3 Months Ended
	Sep. 25, 2015
Business and organization	1. Business and organization General Fabrinet (“Fabrinet” or the “Parent Company”) was incorporated on August 12, 1999, and commenced operations on January 1, 2000. The Parent Company is an exempted company incorporated in the Cayman Islands, British West Indies. “We”, “us”, “our” and the “Company” refer to Fabrinet and its subsidiaries as a group. The Company provides advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of complex products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. The Company offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly, and test. The Company focuses primarily on the production of low-volume, high-mix products. The subsidiaries of Fabrinet are Fabrinet Co., Ltd. (“Fabrinet Thailand”), Fabrinet USA, Inc., FBN New Jersey Manufacturing, Inc., Fabrinet China Holdings, Casix, Inc. (“Casix”), Fabrinet Pte., Ltd., Fabrilink SEZC, Fabrinet West, Inc., and Fabritek, Inc.

Accounting policies

Accounting policies	3 Months Ended
	Sep. 25, 2015
Accounting policies	2. Accounting policies Basis of presentation The accompanying unaudited condensed consolidated financial statements for Fabrinet as of September 25, 2015 and for the three months ended September 25, 2015 and September 26, 2014 includes only normal recurring adjustments, necessary for a fair statement of the financial statements set forth herein, in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such information does not include all of the information and footnotes required by U.S. GAAP for annual financial statements. For further information, please refer to the consolidated financial statements and footnotes thereto included in Fabrinet’s Annual Report on Form 10-K for the year ended June 26, 2015. The balance sheet as of June 26, 2015 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The results for the three months ended September 25, 2015 and September 26, 2014 may not be indicative of results for the year ending June 24, 2016 or any future periods. Use of Estimates The preparation of the Company’s condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and the reported amount of total revenues and expenses during the year. The Company bases estimates on historical experience and various assumptions about the future that are believed to be reasonable based on available information. The Company’s reported financial position or results of operations may be materially different under different conditions or when using different estimates and assumptions, particularly with respect to significant accounting policies, which are discussed below. Significant assumptions are used in accounting for share-based compensation, allowance for doubtful accounts, income taxes, and inventory obsolescence, among others. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be different from these estimates. In the event that estimates or assumptions prove to differ from actual results, adjustments will be made in subsequent periods to reflect more current information. Fiscal years The Company utilizes a 52-53 week fiscal year ending on the Friday in June closest to June 30. The three months ended September 25, 2015 and September 26, 2014 each consisted of 13 weeks. Fiscal year 2016 will be comprised of 52 weeks and will end on June 24, 2016. Concentration of credit risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, marketable securities, derivatives, and accounts receivable. Cash, cash equivalents, and marketable securities are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company seeks to mitigate its credit risks by spreading such risks across multiple counterparties and monitoring the risk profiles of these counterparties. The Company limits its investments in marketable securities to securities with a maturity not in excess of three years, and all marketable securities that the Company invests in are rated A1, P-1, F1, or better. The Company performs ongoing credit evaluations for credit worthiness of its customers and usually does not require collateral from its customers. Management has implemented a program to closely monitor near term cash collection and credit exposures to mitigate any material losses. New Accounting Pronouncements – not yet adopted by the Company In August 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-15, “Interest – Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements”. This ASU amended the presentation or subsequent measurement of debt issuance costs related to the line-of-credit arrangement. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 666): Deferral of the Effective Date”. This amendment deferred the effective date of ASU 2014-09 for all entities by one year. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory”. The update provides the guidance that an entity, that measured inventory by using first-in, first-out or average cost, should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using last-in, first-out or the retail inventory method. The update is effective for fiscal years beginning after December 15, 2016, including interim periods within these fiscal years. This update should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting date. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. The update requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. ASU No. 2015-02 amended the process that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. ASU No. 2015-02 is effective for fiscal years, and for interim periods within those fiscal years beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In January 2015, the FASB issued ASU No. 2015-01, “Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items”. The objective of this amendment is to reduce the complexity in accounting standards by eliminating the concept of extraordinary items from U.S. GAAP. Presently, an event or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its classification as an extraordinary item. The following criteria must both be met for extraordinary classification: (a) the underlying event or transaction should possess a high degree of abnormality and be of a type clearly unrelated to, or only incidentally related to, the ordinary and typical activities of the entity; and (b) the underlying event or transaction should not reasonably be expected to recur in the foreseeable future. This amendment is effective for fiscal years and interim periods beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect that the adoption of this update will have an effect on its consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The amendments require management to evaluate, for each annual and interim reporting period, an entity’s ability to continue as a going concern when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations that become due within one year after the date that the financial statements are issued (or available to be issued). This ASU is effective for annual periods and interim reporting periods beginning after December 15, 2016. The Company does not expect that the adoption of this update will have an effect on its consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, “Compensation – Stock Compensation (Topic 718): Accounting for Share-Based In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606), issued as a new Topic, Accounting Standards Codification”. The core principle of this amendment is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, with earlier adoption not being permitted. This ASU can be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements.

Earnings per ordinary share

Earnings per ordinary share	3 Months Ended
	Sep. 25, 2015
Earnings per ordinary share	3. Earnings per ordinary share Basic earnings per ordinary share is computed by dividing reported net income by the weighted-average number of ordinary shares outstanding during each period. Diluted earnings per ordinary share is computed by dividing reported net income by the weighted-average number of ordinary shares and dilutive ordinary equivalent shares outstanding during each period. Dilutive ordinary equivalent shares consist of share options and restricted share units. The earnings per ordinary share was calculated as follows: Three Months Ended (amount in thousands except per share amounts) September 25, 2015 September 26, 2014 Net income attributable to shareholders $ 1,603 $ 11,036 Weighted-average number of ordinary shares outstanding (thousands of shares) 35,579 35,230 Incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares) 736 357 Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares) 36,315 35,587 Basic earnings per ordinary share $ 0.05 $ 0.31 Diluted earnings per ordinary share $ 0.04 $ 0.31 Outstanding share options excluded in the computation of diluted earnings per ordinary share (1) 62,304 645,450 (1) These share options were not included in the computation of diluted earnings per ordinary share for three months ended September 25, 2015 and September 26, 2014, respectively, because the exercise price of the options was greater than the average market price of the underlying shares.

Cash, cash equivalents and mark

Cash, cash equivalents and marketable securities	3 Months Ended
	Sep. 25, 2015
Cash, cash equivalents and marketable securities	4. Cash, cash equivalents and marketable securities The Company’s cash, cash equivalents, and marketable securities can be analyzed as follows: Fair Value (amount in thousands) Carrying Cost Unrealized Cash and Cash Equivalents Marketable As of September 25, 2015 Cash $ — $ — $ 86,954 $ — Cash equivalents 8,511 — 8,511 — Corporate bonds and commercial papers 134,507 25 — 134,532 U.S. agency and U.S. treasury securities 15,839 16 — 15,855 Sovereign and municipal securities 1,732 2 — 1,734 Total $ 160,589 $ 43 $ 95,465 $ 152,121 Fair Value (amount in thousands) Carrying Unrealized Cash and Marketable As of June 26, 2015 Cash $ — $ — $ 105,548 $ — Cash equivalents 7,430 — 7,430 — Corporate bonds and commercial papers 120,144 (43 ) — 120,101 U.S. agency and U.S. treasury securities 21,029 (2 ) — 21,027 Sovereign and municipal securities 1,737 1 — 1,738 Total $ 150,340 $ (44 ) $ 112,978 $ 142,866 All highly liquid investments with original maturities of three months or less at the date of purchase are classified as cash equivalents. Management determines the appropriate classification of its investments at the time of purchase and reevaluates the designations at each balance sheet date. The Company may sell certain of its marketable securities prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s marketable securities generally range from three months to three years. The Company’s investments in marketable securities consist of investments in U.S. Treasuries and fixed income securities and have been classified and accounted for as available-for-sale. The following table summarizes the cost and estimated fair value of marketable securities classified as available-for-sale securities based on stated effective maturities as of September 25, 2015: (amount in thousands) Carrying Cost Fair Value Due within one year $ 28,323 $ 28,326 Due between one to three years 123,755 123,795 Total $ 152,078 $ 152,121 During the three months ended September 25, 2015, the net realized loss recognized by the Company was $0.1 million. As of September 25, 2015, the Company considered the declines in market value of its marketable securities investment portfolio to be temporary in nature and did not consider any of its securities other-than-temporarily impaired. The Company typically invests in highly-rated securities, and its investment policy generally limits the amount of credit exposure to any one issuer. The policy requires investments generally to be investment grade, with the primary objective of minimizing the potential risk of principal loss. Fair values were determined for each individual security in the investment portfolio. When evaluating an investment for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below its cost basis, the financial condition of the issuer and any changes thereto, changes in market interest rates, and the Company’s intent to sell, or whether it is more likely than not it will be required to sell, the investment before recovery of the investment’s cost basis. No impairment losses were recorded for the three months ended September 25, 2015. As of September 25, 2015, cash, cash equivalents, and marketable securities included bank deposits of $40.0 million held in various financial institutions located in the United States in order to support the availability of the Facility Agreement (as defined in Note 9) and comply with covenants. Under the terms and conditions of the Facility Agreement, the Company shall maintain cash, cash equivalents and/or marketable securities in an aggregate amount not less than $40.0 million in unencumbered deposits, and/or securities in accounts located in the United States at all times during the term of the Facility Agreement. As discussed in Note 9, the Company must comply with this covenant from and after the effective date of the Facility Agreement.

Fair value of financial instrum

Fair value of financial instruments	3 Months Ended
	Sep. 25, 2015
Fair value of financial instruments	5. Fair value of financial instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value hierarchy is established which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs for the valuation of an asset or liability as of measurement date. The three levels of inputs that may be used to measure fair value are defined as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for assets or liabilities, either directly or indirectly. If the assets or liabilities have a specified (contractual) term, Level 2 inputs must be observable for substantially the full term of assets or liabilities. Level 3 inputs are unobservable inputs for assets or liabilities, which require the reporting entity to develop its own valuation techniques and assumptions. The Company utilizes the market approach to measure fair value for its financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The following table provides details of the financial instruments measured at fair value on a recurring basis, including: Fair Value Measurements at Reporting Date Using (amount in thousands) Level 1 Level 2 Level 3 Total As of September 25, 2015 Assets Cash equivalents $ — $ 8,511 $ — $ 8,511 Corporate bonds and commercial papers — 134,532 — 134,532 U.S. agency and U.S. treasury securities — 15,855 — 15,855 Sovereign and municipal securities — 1,734 — 1,734 Total $ — $ 160,632 $ — $ 160,632 Liabilities Derivative liabilities $ — $ 12,109 (1) $ — $ 12,109 Total $ — $ 12,109 $ — $ 12,109 Fair Value Measurements at Reporting Date Using (amount in thousands) Level 1 Level 2 Level 3 Total As of June 26, 2015 Assets Cash equivalents $ — $ 7,430 $ — $ 7,430 Corporate bonds and commercial papers — 120,101 — 120,101 U.S. agency and U.S. treasury securities — 21,027 — 21,027 Sovereign and municipal securities — 1,738 — 1,738 Derivative assets — 4 (2) — 4 Total $ — $ 150,300 $ — $ 150,300 Liabilities Derivative liabilities $ — $ 371 (3) $ — $ 371 Total $ — $ 371 $ — $ 371 (1) Foreign currency options with notional amount of $11.0 million and forward contracts with notional amount of $169.5 million, Canadian Dollars 1.0 million and Japanese Yen 0.1 million. (2) Foreign currency options with notional amount of $3.0 million and forward contracts with notional amount of Canadian Dollars 0.4 million. (3) Foreign currency options with notional amount of $41.0 million. Derivative Financial Instruments The Company uses foreign currency contracts to manage the foreign exchange risk associated with certain foreign currency-denominated assets and liabilities. As a result of foreign currency fluctuations, the U.S. dollar equivalent values of the Company’s foreign currency-denominated assets and liabilities change. The Company minimizes the credit risk in derivative instruments by limiting its exposure to any single counterparty and by entering into derivative instruments only with counterparties that meet the Company’s minimum credit quality standard. The derivative assets and liabilities are classified in other current assets and accrued expenses, respectively, on the unaudited condensed consolidated balance sheets. As of September 25, 2015 and June 26, 2015, the forward exchange contracts and option contracts outstanding had a maturity in one to eighteen months duration. The Company has not designated the foreign currency contracts as hedging instruments under the accounting standard for derivatives and hedging. The effects of derivative instruments which are not designated as hedging instruments on the Company’s unaudited condensed consolidated statements of operations and comprehensive income were loss from foreign currency forward contracts of $11.3 million and put option contracts of $0.8 million for the three months ended September 25, 2015, and loss from foreign currency forward contracts of $0.01 million and gain from foreign currency put option contracts of $0.2 million for the three months ended September 26, 2014.

Allowance for doubtful accounts

Allowance for doubtful accounts	3 Months Ended
	Sep. 25, 2015
Allowance for doubtful accounts	6. Allowance for doubtful accounts The activities and balances for allowance for doubtful accounts were as follows: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 Balance, beginning of period $ 50 $ 37 Credited to income (4 ) (1 ) Balance, end of period $ 46 $ 36

Inventory

Inventory	3 Months Ended
	Sep. 25, 2015
Inventory	7. Inventory (amount in thousands) As of September 25, 2015 As of June 26, 2015 Raw materials $ 53,372 $ 46,065 Work in progress 72,294 69,174 Finished goods 15,318 11,843 Goods in transit 5,503 6,488 146,487 133,570 Less: Inventory obsolescence (3,107 ) (2,957 ) Inventory, net $ 143,380 $ 130,613

Intangibles

Intangibles	3 Months Ended
	Sep. 25, 2015
Intangibles	8. Intangibles The following tables present details of the Company’s intangibles: (amount in thousands) Gross Carrying Accumulated Net As of September 25, 2015 Software $ 3,425 $ (3,230 ) $ 195 Total intangibles $ 3,425 $ (3,230 ) $ 195 (amount in thousands) Gross Carrying Accumulated Net As of June 26, 2015 Software $ 3,357 $ (3,220 ) $ 137 Total intangibles $ 3,357 $ (3,220 ) $ 137 The Company recorded amortization expense relating to intangibles of $0.01 million and $0.02 million for the three months ended September 25, 2015 and September 26, 2014, respectively. Based on the carrying amount of intangibles as of September 25, 2015, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year in June is as follows: (amount in thousands) 2016 $ 53 2017 37 2018 36 2019 36 2020 32 Thereafter 1 Total $ 195

Borrowings

Borrowings	3 Months Ended
	Sep. 25, 2015
Borrowings	9. Borrowings The Company’s total borrowing, including revolving and long-term borrowings, consisted of the following: (amount in thousands) Rate (1) Conditions Maturity As of September 25, As of June 26, 2015 Short-term borrowing: Revolving borrowing: LIBOR + 1.75% per annum Repayable in 1 to 6 months October 2015 (2) $ 30,000 $ 30,000 Current portion of long-term borrowing 6,000 6,000 $ 36,000 $ 36,000 Long-term borrowing: LIBOR + 2.8% per annum Repayable in quarterly installments within 6 years March 2017 $ 9,000 $ 10,500 Less: (6,000 ) (6,000 ) Non-current portion $ 3,000 $ 4,500 (1) LIBOR is London Interbank Offered Rate. (2) On October 16, 2015, the maturity date of this revolving borrowing was extended to November 23, 2015. Under the long-term borrowing contract of a subsidiary, the loan is secured by certain property, plant and equipment. The carrying amount of assets secured and pledged as collateral as of September 25, 2015 and June 26, 2015 was $49.4 million and $50.0 million, respectively. This subsidiary is also required to comply with the maximum ratios of debt to equity and minimum levels of debt service coverage ratios, and Fabrinet must maintain an effective shareholding ratio. The carrying amounts of bank borrowings approximate their fair value. As of September 25, 2015 and June 26, 2015, the Company was in compliance with its long-term bank borrowing agreement. In addition to financial ratios, certain of the Company’s credit facilities include customary events of default. The movements of long-term loans were as follows for the three months ended September 25, 2015 and September 26, 2014: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 Opening net book amount $ 10,500 $ 16,500 Repayment during the period (1,500 ) (1,500 ) Closing net book amount $ 9,000 $ 15,000 As of September 25, 2015, future maturities of long-term debt were as follows at the end of each fiscal year below: (amount in thousands) 2016 $ 4,500 2017 4,500 Total $ 9,000 Credit facilities: Fabrinet entered into a syndicated senior credit facility agreement (the “Facility Agreement”) with a consortium of banks on May 22, 2014. The Facility Agreement, led by Bank of America, provides for a $200.0 million credit line, comprised of a $150.0 million revolving loan facility and a $50.0 million delayed draw term loan facility. The revolving loan facility contains an accordion feature permitting Fabrinet to request an increase in the facility up to $100.0 million subject to customary terms and conditions and provided that no default or event of default exists at the time of request. The revolving loan facility terminates and all amounts outstanding are due and payable in full on May 22, 2019. The principal amount of any drawn term loans must be repaid according to the scheduled quarterly amortization payments, with final payment of all amounts outstanding, plus accrued interest, being due May 22, 2019. On February 26, 2015, the Company entered into the Second Amendment to the Facility Agreement. The amendment extended the availability period for draws on the term loan facility from May 21, 2015 to July 31, 2015. It also allows the Company, upon the satisfaction of certain conditions, to designate from time to time one or more of its subsidiaries as borrowers under the Facility Agreement. On July 31, 2015, the Company entered into the Third Amendment to the Facility Agreement. The amendment extended the availability period for draws on the term loan facility from July 31, 2015 to July 31, 2016. As of September 25, 2015, the outstanding revolving borrowing under the Facility Agreement was $30.0 million, resulting in available credit facilities of $170.0 million. Borrowings under the revolving credit facility are classified as current liabilities in the unaudited condensed consolidated balance sheet as the Company has the periodic option to renew, or pay all or a portion of, the outstanding balance at the end of the maturity date, which is in the range of one to six months, without premium or penalty, upon notice to the administrative agent. On October 16, 2015, the Company sent a notice to the bank to renew the maturity date of this revolving borrowing. The bank approved the notice and extended the maturity date to November 23, 2015. Loans under the Facility Agreement bear interest, at Fabrinet’s option, at a rate per annum equal to a LIBOR rate plus a spread of 1.75% to 2.50%, or a base rate plus a spread of 0.75% to 1.50%, determined in accordance with the Facility Agreement in each case with such spread determined based on Fabrinet’s consolidated total leverage ratio for the preceding four fiscal quarter period. Interest is due and payable quarterly in arrears for loans bearing interest at the base rate and at the end of an interest period (or at each three-month interval in the case of loans with interest periods greater than three months) in the case of loans bearing interest at the LIBOR rate. Fabrinet’s obligations under the Facility Agreement are guaranteed by certain of its existing and future direct material subsidiaries. In addition, the Facility Agreement is secured by Fabrinet’s present and future accounts receivable, deposit accounts and cash, and a pledge of the capital stock of certain of Fabrinet’s direct subsidiaries. Fabrinet is required to maintain at least $40.0 million of cash, cash equivalents, and marketable securities at financial institutions located in the United States. Further, Fabrinet is required to maintain any of its deposits accounts or securities accounts with balances in excess of $10.0 million in a jurisdiction where a control agreement, or the equivalent under the local law, can be effected. The Facility Agreement contains customary affirmative and negative covenants. Negative covenants include, among other things, limitations on liens, indebtedness, investments, mergers, sales of assets, changes in the nature of the business, dividends and distributions, affiliate transactions and capital expenditures. The Facility Agreement contains financial covenants requiring Fabrinet to maintain: (i) a minimum tangible net worth of not less than $200.0 million plus 50% of quarterly net income, exclusive of quarterly losses; (ii) a minimum debt service coverage ratio of not less than 1.50:1.00; (iii) a maximum senior leverage ratio of not more than 2.50:1.00; and (iv) a minimum quick ratio of not less than 1.10:1.00. Each of these financial covenants is calculated on a consolidated basis for the consecutive four fiscal quarter period then ended. As of September 25, 2015, the Company was in compliance with all covenants under the Facility Agreement. The Facility Agreement also contains customary events of default including, among other things, payment defaults, breaches of covenants or representations and warranties, cross-defaults with certain other indebtedness, bankruptcy and insolvency events and change in control of Fabrinet, subject to grace periods in certain instances. Upon an event of default, the lenders may terminate their commitments, declare all or a portion of the outstanding obligations payable by Fabrinet to be immediately due and payable and exercise other rights and remedies provided for under the Facility Agreement. Fabrinet intends to use the proceeds of the credit line to finance its future manufacturing buildings in the United States and Thailand, and for general corporate purposes including mergers and acquisitions of complementary manufacturing businesses or technology, although Fabrinet has no current commitments with respect to any such acquisitions. Undrawn available credit facilities classified by available period of future borrowing as of September 25, 2015 and June 26, 2015 were as follows: (amount in thousands) September 25, 2015 June 26, 2015 Short-term $ 1,380 $ 1,480 Long-term $ 170,000 $ 170,000

Income taxes

Income taxes	3 Months Ended
	Sep. 25, 2015
Income taxes	10. Income taxes As of September 25, 2015 and June 26, 2015, the liability for uncertain tax positions including accrued interest and penalties was $1.5 million and $1.6 million, respectively. The Company expects the estimated amount of liability associated with its uncertain tax positions to decrease within the next 12 months due to the lapse of the applicable statute of limitations in foreign tax jurisdictions. The Company files income tax returns in the United States and foreign tax jurisdictions. The tax years from 2011 to 2015 remain open to examination by U.S. federal and state tax authorities, and foreign tax authorities. The Company’s income tax is recognized based on the best estimate of the expected annual effective tax rate for the full financial year of each entity in the Company, adjusted for discrete items arising in that quarter. If the Company’s estimated annual effective tax rate changes, the Company makes a cumulative adjustment in that quarter. The effective tax rate for the Company for the three months ended September 25, 2015 and September 26, 2014 was 44.7% and 8.1% of net income, respectively. The increase in the effective tax rate for the three months ended September 25, 2015 was primarily due to the fact that the Company had lower taxable income during the three months ended September 25, 2015 as compared to the three months ended September 26, 2014 because of an increase in unrealized losses from changes in the fair value of derivatives during the three months ended September 25, 2015.

Share-based compensation

Share-based compensation	3 Months Ended
	Sep. 25, 2015
Share-based compensation	11. Share-based compensation Share-based compensation In determining the grant date fair value of equity awards, the Company is required to make estimates of the fair value of Fabrinet’s ordinary shares, expected dividends to be issued, expected volatility of Fabrinet’s ordinary shares, expected forfeitures of the awards, risk free interest rates for the expected term of the awards, expected terms of the awards, and the vesting period of the respective awards. Forfeitures are estimated at the time of grant and revised if necessary in subsequent periods if actual forfeitures differ from those estimates. The effect of recording share-based compensation expense for the three months ended September 25, 2015 and September 26, 2014 was as follows: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 Share-based compensation expense by type of award: Share options $ 16 $ 120 Restricted share units 2,657 1,747 Total share-based compensation expense 2,673 1,867 Tax effect on share-based compensation expense — — Net effect on share-based compensation expense $ 2,673 $ 1,867 Share-based compensation expense was recorded in the condensed consolidated statements of operations and comprehensive income as follows: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 Cost of revenue $ 537 $ 368 Selling, general and administrative expense 2,136 1,499 Total share-based compensation expense $ 2,673 $ 1,867 The Company did not capitalize any share-based compensation expense as part of any asset costs during the three months ended September 25, 2015 and September 26, 2014. Share-based award activity Share options have been granted to directors and employees. As of September 25, 2015, there were 1,860 share options outstanding under Fabrinet’s Amended and Restated 1999 Share Option Plan (the “1999 Plan”). Additional option grants may not be made under the 1999 Plan. As of September 25, 2015, there were an aggregate of 691,187 share options outstanding, 1,347,862 restricted share units outstanding, and 2,492,055 ordinary shares available for future grant under Fabrinet’s 2010 Performance Incentive Plan (the “2010 Plan”). The 1999 Plan and 2010 Plan are collectively referred to as the “Share Option Plans”. Share options Fabrinet’s board of directors has the authority to determine the type of option and the number of shares subject to an option. Options generally vest and become exercisable over four years and expire, if not exercised, within seven years of the grant date. In the case of a grantee’s first grant, 25 percent of the underlying shares subject to an option vest 12 months after the vesting commencement date and 1/48 of the underlying shares vest monthly over each of the subsequent 36 months. In the case of any additional grants to a grantee, 1/48 of the underlying shares subject to an option vest monthly over four years, commencing one month after the vesting commencement date. The following summarizes share option activity: Number of Shares Number of Weighted- Weighted- Balance as of June 26, 2015 792,019 758,451 $ 16.33 Granted — — — Exercised (98,759 ) $ 15.67 Forfeited (213 ) $ 14.43 Expired — — Balance as of September 25, 2015 693,047 680,798 $ 16.42 Number of Shares Number of Weighted- Weighted- Balance as of June 27, 2014 865,890 666,305 $ 16.27 Granted — — — Exercised (525 ) $ 4.25 Forfeited (1,503 ) $ 17.82 Expired (972 ) $ 23.29 Balance as of September 26, 2014 862,890 731,906 $ 16.26 The following summarizes information for share options outstanding as of September 25, 2015 under the Share Option Plans: Number of Exercise Weighted- Aggregate (amount in thousands) 1,860 $ 5.75 1.27 8,368 $ 13.77 1.91 356,648 $ 16.83 2.05 30,000 $ 15.05 2.11 23,844 $ 25.50 2.30 7,400 $ 26.16 2.36 8,300 $ 23.62 2.61 36,251 $ 15.16 2.90 191,121 $ 14.12 3.13 22,760 $ 19.36 3.38 5,550 $ 18.60 3.43 945 $ 12.83 3.62 Options outstanding 693,047 2.47 $ 2,085 Options exercisable 680,798 2.45 $ 2,036 As of September 25, 2015, there was $0.001 million of unrecognized compensation expense related to share options under the Share Option Plans that is expected to be recognized over a weighted-average period of 0.23 years. Restricted share units Restricted share units are one type of share-based award that may be granted under the 2010 Plan. Restricted share units granted to non-employee directors generally cliff vest 100% on the first of January, approximately one year from the grant date, provided the director continues to serve through such date. Restricted share units granted to employees generally vest in four equal installments over four years on each anniversary of the vesting commencement date. On May 24, 2015 the Company entered into an amended and restated employment agreement with an executive of the Company that provides for accelerated vesting of equity awards under certain circumstances. Under the agreement, any equity award granted to the executive after February 20, 2017, shall vest over a period not longer than two years following the applicable grant date. If the executive’s employment with the Company continues through and including February 20, 2017, any then outstanding equity award grants will become 100% vested. The following summarizes restricted share unit activity under the 2010 Plan: Number of Shares Weighted- Balance as of June 26, 2015 1,140,927 $ 16.02 Granted 499,896 $ 19.34 Issued (286,374 ) $ 14.69 Forfeited (6,587 ) $ 18.11 Balance as of September 25, 2015 1,347,862 $ 17.09 Number of Shares Weighted- Balance as of June 27, 2014 762,295 $ 14.23 Granted — — Issued (177,288 ) (1) $ 13.56 Forfeited (4,046 ) $ 13.73 Balance as of September 26, 2014 580,961 $ 14.44 (1) Included 283 shares vested on September 24, 2014, but not settled as of September 26, 2014. As of September 25, 2015, there was $13.7 million of unrecognized share-based compensation expense related to restricted share units under the 2010 Plan that is expected to be recorded over a weighted-average period of 3.17 years. For the three months ended September 25, 2015 and September 26, 2014, the Company withheld an aggregate of 46,016 shares and 10,547 shares, respectively, upon the vesting of restricted share units, based upon the closing share price on the vesting date to settle the employees’ minimum statutory obligation for the applicable income and other employment taxes. For the three months ended September 25, 2015 and September 26, 2014, the Company then remitted cash of $0.9 million and $0.2 million, respectively, to the appropriate taxing authorities, and presented it in a financing activity within the unaudited condensed consolidated statements of cash flows. The payment had the effect on shares issued by the Company as it reduced the number of shares that would have been issued on the vesting date and was recorded as a reduction of additional paid-in capital.

Shareholders' equity

Shareholders' equity	3 Months Ended
	Sep. 25, 2015
Shareholders' equity	12. Shareholders’ equity Share capital Fabrinet’s authorized share capital is 500,000,000 ordinary shares, par value of $0.01 per ordinary share, and 5,000,000 preferred shares, par value of $0.01 per preferred share. For the three months ended September 25, 2015, Fabrinet issued 98,759 ordinary shares upon the exercise of options, for cash consideration at a weighted-average exercise price of $15.67 per share, and 240,358 ordinary shares upon the vesting of restricted share units, net of shares withheld. For the three months ended September 26, 2014, Fabrinet issued 525 ordinary shares upon the exercise of options, for cash consideration at a weighted-average exercise price of $4.25 per share, and 166,458 ordinary shares upon the vesting of restricted share units, net of shares withheld. All such issued shares are fully paid.

Accumulated other comprehensive

Accumulated other comprehensive income	3 Months Ended
	Sep. 25, 2015
Accumulated other comprehensive income	13. Accumulated other comprehensive income The changes in accumulated other comprehensive income, net of tax, for the three months ended September 25, 2015 were as follows: (amount in thousands) Unrealized (Loss)/Gain on Marketable Securities Balance as of June 26, 2015 $ (44 ) Other comprehensive income before reclassification adjustment (18 ) Less: Reclassification adjustment for net income realized and included in other expense in net income 105 Net current-period other comprehensive income $ 87 Balance as of September 25, 2015 $ 43

Commitments and contingencies

Commitments and contingencies	3 Months Ended
	Sep. 25, 2015
Commitments and contingencies	14. Commitments and contingencies Bank guarantees As of September 25, 2015 and June 26, 2015, there were outstanding bank guarantees given by banks on behalf of Fabrinet Thailand for electricity usage and other normal business amounting to $0.7 million and $0.8 million, respectively. Operating lease commitments The Company leases a portion of its office, capital equipment, and certain land and buildings for its facilities in the Cayman Islands, China, and New Jersey under operating lease arrangements that expire in various calendar years through 2020. Rental expense under these operating leases amounted to $0.3 million and $0.2 million for the three months ended September 25, 2015 and September 26, 2014, respectively. As of September 25, 2015, the future minimum lease payments due under non-cancelable leases were as follows at the end of each fiscal year below: (amount in thousands) 2016 $ 827 2017 949 2018 948 2019 479 2020 290 Total minimum operating lease payments $ 3,493 Purchase obligations Purchase obligations represent legally-binding commitments to purchase inventory and other commitments made in the normal course of business to meet operational requirements. Although open purchase orders are considered enforceable and legally binding, their terms generally give the Company the option to cancel, reschedule and/or adjust its requirements based on its business needs prior to the delivery of goods or performance of services. Obligations to purchase inventory and other commitments are generally expected to be fulfilled within one year. As of September 25, 2015, the Company had an outstanding commitment to third parties of $4.1 million. Purchase of land On September 2, 2015, the Company entered into an agreement to purchase a parcel of land in Chonburi, Thailand, to support the expansion of the Company’s production in Thailand. The aggregate purchase price is approximately $11.8 million, of which $2.4 million has been deposited by the Company into escrow. The Company will pay the balance of the purchase price at the close of escrow, which is expected to occur on or before December 22, 2015. The Company recorded this deposit as deposits and non-current assets on the unaudited condensed balance sheet as of September 25, 2015. Indemnification of directors and officers Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of directors and officers, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Fabrinet’s amended and restated memorandum and articles of association provide for indemnification of directors and officers for actions, costs, charges, losses, damages and expenses incurred in their capacities as such, except that such indemnification does not extend to any matter in respect of any fraud or dishonesty that may attach to any of them. In accordance with Fabrinet’s form of indemnification agreement for its directors and officers, Fabrinet has agreed to indemnify its directors and officers against certain liabilities and expenses incurred by such persons in connection with claims by reason of their being such a director or officer. Fabrinet maintains a director and officer liability insurance policy that may enable it to recover a portion of any future amounts paid under the indemnification agreements.

Business segments and geographi

Business segments and geographic information	3 Months Ended
	Sep. 25, 2015
Business segments and geographic information	15. Business segments and geographic information Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is Fabrinet’s chief executive officer. As of September 25, 2015 and September 26, 2014, the Company operated and internally managed a single operating segment. Accordingly, the Company does not accumulate discrete information with respect to separate product lines and does not have separate reportable segments. Total revenues are attributed to a particular geographic area based on the bill-to-location of the customers. The Company operates primarily in three geographic regions: North America, Asia-Pacific and Europe. The following table presents total revenues by geographic regions: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 North America $ 106,443 $ 91,043 Asia-Pacific 83,890 77,802 Europe 26,100 20,480 $ 216,433 $ 189,325 As of September 25, 2015 and September 26, 2014, the Company had approximately $33.9 million and $0.2 million of long-lived assets based in North America, with the substantial remainder of assets based in Asia-Pacific. Significant customers The Company had two customers that each contributed to 10% or more of its total account receivable as of September 25, 2015 and June 26, 2015, respectively.

Other expenses in relation to f

Other expenses in relation to flood	3 Months Ended
	Sep. 25, 2015
Other expenses in relation to flood	16. Other expenses in relation to flood During the week of August 10, 2015, the Company’s subsidiary in China temporarily suspended production in its manufacturing facility due to flooding caused by Typhoon Soudelor. The subsidiary resumed operations on August 15, 2015. During the three months ended September 25, 2015, the Company recognized $0.9 million of losses incurred from the event in the unaudited condensed consolidated statements of operations and comprehensive income and submitted claims to its insurers for inventory and equipment losses attributable to the effects of the flooding. A number of exclusions and limitations in the insurance policies (such as coinsurance, facilities location sub-limits and policy covenants) may reduce the aggregate amount that the Company will ultimately recover from its insurers. Based on the information that the Company has at this time, the Company believes that it will ultimately recover a majority of its losses. The Company will recognize insurance recoveries if and when they become realizable and probable. The following is a summary of all known losses incurred from this event and recognized in the unaudited condensed consolidated statements of operations and comprehensive income for the three months ended September 25, 2015. (amount in thousands) Loss from inventory $ 233 Repaired costs of equipment 567 Flood protection and salvage expenses 64 Total $ 864

Subsequent event

Subsequent event	3 Months Ended
	Sep. 25, 2015
Subsequent event	17. Subsequent event Executive officer separation agreement On September 29, 2015, the Company entered into a Separation Agreement and Release (the “Separation Agreement”) with an executive officer who resigned from the Company effective December 31, 2015 (the “Separation Date”). During the period from October 1, 2015 through the Separation Date, the officer will continue as an employee and provide certain transition services. In connection with the Separation Agreement, the Company will incur severance expenses of approximately $0.7 million during the second quarter of fiscal year 2016. Capital expenditure commitment In October 2015, the Company entered into a construction contract with local contractor for construction of new manufacturing building at the Company’s Chonburi campus. The contract price is approximately of $30.4 million.

Accounting policies (Policies)

Accounting policies (Policies)	3 Months Ended
	Sep. 25, 2015
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements for Fabrinet as of September 25, 2015 and for the three months ended September 25, 2015 and September 26, 2014 includes only normal recurring adjustments, necessary for a fair statement of the financial statements set forth herein, in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such information does not include all of the information and footnotes required by U.S. GAAP for annual financial statements. For further information, please refer to the consolidated financial statements and footnotes thereto included in Fabrinet’s Annual Report on Form 10-K for the year ended June 26, 2015. The balance sheet as of June 26, 2015 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The results for the three months ended September 25, 2015 and September 26, 2014 may not be indicative of results for the year ending June 24, 2016 or any future periods.
Use of estimates	Use of Estimates The preparation of the Company’s condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and the reported amount of total revenues and expenses during the year. The Company bases estimates on historical experience and various assumptions about the future that are believed to be reasonable based on available information. The Company’s reported financial position or results of operations may be materially different under different conditions or when using different estimates and assumptions, particularly with respect to significant accounting policies, which are discussed below. Significant assumptions are used in accounting for share-based compensation, allowance for doubtful accounts, income taxes, and inventory obsolescence, among others. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be different from these estimates. In the event that estimates or assumptions prove to differ from actual results, adjustments will be made in subsequent periods to reflect more current information. Fiscal years The Company utilizes a 52-53 week fiscal year ending on the Friday in June closest to June 30. The three months ended September 25, 2015 and September 26, 2014 each consisted of 13 weeks. Fiscal year 2016 will be comprised of 52 weeks and will end on June 24, 2016.
Concentration of credit risk	Concentration of credit risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, marketable securities, derivatives, and accounts receivable. Cash, cash equivalents, and marketable securities are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company seeks to mitigate its credit risks by spreading such risks across multiple counterparties and monitoring the risk profiles of these counterparties. The Company limits its investments in marketable securities to securities with a maturity not in excess of three years, and all marketable securities that the Company invests in are rated A1, P-1, F1, or better. The Company performs ongoing credit evaluations for credit worthiness of its customers and usually does not require collateral from its customers. Management has implemented a program to closely monitor near term cash collection and credit exposures to mitigate any material losses.
New Accounting Pronouncements - not yet adopted by the Company	New Accounting Pronouncements – not yet adopted by the Company In August 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-15, “Interest – Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements”. This ASU amended the presentation or subsequent measurement of debt issuance costs related to the line-of-credit arrangement. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 666): Deferral of the Effective Date”. This amendment deferred the effective date of ASU 2014-09 for all entities by one year. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory”. The update provides the guidance that an entity, that measured inventory by using first-in, first-out or average cost, should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using last-in, first-out or the retail inventory method. The update is effective for fiscal years beginning after December 15, 2016, including interim periods within these fiscal years. This update should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting date. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. The update requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. ASU No. 2015-02 amended the process that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. ASU No. 2015-02 is effective for fiscal years, and for interim periods within those fiscal years beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements. In January 2015, the FASB issued ASU No. 2015-01, “Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items”. The objective of this amendment is to reduce the complexity in accounting standards by eliminating the concept of extraordinary items from U.S. GAAP. Presently, an event or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its classification as an extraordinary item. The following criteria must both be met for extraordinary classification: (a) the underlying event or transaction should possess a high degree of abnormality and be of a type clearly unrelated to, or only incidentally related to, the ordinary and typical activities of the entity; and (b) the underlying event or transaction should not reasonably be expected to recur in the foreseeable future. This amendment is effective for fiscal years and interim periods beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect that the adoption of this update will have an effect on its consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The amendments require management to evaluate, for each annual and interim reporting period, an entity’s ability to continue as a going concern when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations that become due within one year after the date that the financial statements are issued (or available to be issued). This ASU is effective for annual periods and interim reporting periods beginning after December 15, 2016. The Company does not expect that the adoption of this update will have an effect on its consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, “Compensation – Stock Compensation (Topic 718): Accounting for Share-Based In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606), issued as a new Topic, Accounting Standards Codification”. The core principle of this amendment is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, with earlier adoption not being permitted. This ASU can be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adoption of this update on its consolidated financial statements.

Earnings per ordinary share (Ta

Earnings per ordinary share (Tables)	3 Months Ended
	Sep. 25, 2015
Earnings Per Ordinary Share	The earnings per ordinary share was calculated as follows: Three Months Ended (amount in thousands except per share amounts) September 25, 2015 September 26, 2014 Net income attributable to shareholders $ 1,603 $ 11,036 Weighted-average number of ordinary shares outstanding (thousands of shares) 35,579 35,230 Incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares) 736 357 Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares) 36,315 35,587 Basic earnings per ordinary share $ 0.05 $ 0.31 Diluted earnings per ordinary share $ 0.04 $ 0.31 Outstanding share options excluded in the computation of diluted earnings per ordinary share (1) 62,304 645,450 (1) These share options were not included in the computation of diluted earnings per ordinary share for three months ended September 25, 2015 and September 26, 2014, respectively, because the exercise price of the options was greater than the average market price of the underlying shares.

Cash, cash equivalents and ma25

Cash, cash equivalents and marketable securities (Tables)	3 Months Ended
	Sep. 25, 2015
Cash, Cash Equivalents, and Marketable Securities	The Company’s cash, cash equivalents, and marketable securities can be analyzed as follows: Fair Value (amount in thousands) Carrying Cost Unrealized Cash and Cash Equivalents Marketable As of September 25, 2015 Cash $ — $ — $ 86,954 $ — Cash equivalents 8,511 — 8,511 — Corporate bonds and commercial papers 134,507 25 — 134,532 U.S. agency and U.S. treasury securities 15,839 16 — 15,855 Sovereign and municipal securities 1,732 2 — 1,734 Total $ 160,589 $ 43 $ 95,465 $ 152,121 Fair Value (amount in thousands) Carrying Unrealized Cash and Marketable As of June 26, 2015 Cash $ — $ — $ 105,548 $ — Cash equivalents 7,430 — 7,430 — Corporate bonds and commercial papers 120,144 (43 ) — 120,101 U.S. agency and U.S. treasury securities 21,029 (2 ) — 21,027 Sovereign and municipal securities 1,737 1 — 1,738 Total $ 150,340 $ (44 ) $ 112,978 $ 142,866
Available-for-Sale Securities Based on Stated Effective Maturities	The following table summarizes the cost and estimated fair value of marketable securities classified as available-for-sale securities based on stated effective maturities as of September 25, 2015: (amount in thousands) Carrying Cost Fair Value Due within one year $ 28,323 $ 28,326 Due between one to three years 123,755 123,795 Total $ 152,078 $ 152,121

Fair value of financial instr26

Fair value of financial instruments (Tables)	3 Months Ended
	Sep. 25, 2015
Financial Instruments Measured at Fair Value on Recurring Basis	The following table provides details of the financial instruments measured at fair value on a recurring basis, including: Fair Value Measurements at Reporting Date Using (amount in thousands) Level 1 Level 2 Level 3 Total As of September 25, 2015 Assets Cash equivalents $ — $ 8,511 $ — $ 8,511 Corporate bonds and commercial papers — 134,532 — 134,532 U.S. agency and U.S. treasury securities — 15,855 — 15,855 Sovereign and municipal securities — 1,734 — 1,734 Total $ — $ 160,632 $ — $ 160,632 Liabilities Derivative liabilities $ — $ 12,109 (1) $ — $ 12,109 Total $ — $ 12,109 $ — $ 12,109 Fair Value Measurements at Reporting Date Using (amount in thousands) Level 1 Level 2 Level 3 Total As of June 26, 2015 Assets Cash equivalents $ — $ 7,430 $ — $ 7,430 Corporate bonds and commercial papers — 120,101 — 120,101 U.S. agency and U.S. treasury securities — 21,027 — 21,027 Sovereign and municipal securities — 1,738 — 1,738 Derivative assets — 4 (2) — 4 Total $ — $ 150,300 $ — $ 150,300 Liabilities Derivative liabilities $ — $ 371 (3) $ — $ 371 Total $ — $ 371 $ — $ 371 (1) Foreign currency options with notional amount of $11.0 million and forward contracts with notional amount of $169.5 million, Canadian Dollars 1.0 million and Japanese Yen 0.1 million. (2) Foreign currency options with notional amount of $3.0 million and forward contracts with notional amount of Canadian Dollars 0.4 million. (3) Foreign currency options with notional amount of $41.0 million.

Allowance for doubtful accoun27

Allowance for doubtful accounts (Tables)	3 Months Ended
	Sep. 25, 2015
Activities and Balances for Allowance for Doubtful Accounts	The activities and balances for allowance for doubtful accounts were as follows: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 Balance, beginning of period $ 50 $ 37 Credited to income (4 ) (1 ) Balance, end of period $ 46 $ 36

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Sep. 25, 2015
Inventories	(amount in thousands) As of September 25, 2015 As of June 26, 2015 Raw materials $ 53,372 $ 46,065 Work in progress 72,294 69,174 Finished goods 15,318 11,843 Goods in transit 5,503 6,488 146,487 133,570 Less: Inventory obsolescence (3,107 ) (2,957 ) Inventory, net $ 143,380 $ 130,613

Intangibles (Tables)

Intangibles (Tables)	3 Months Ended
	Sep. 25, 2015
Intangibles	The following tables present details of the Company’s intangibles: (amount in thousands) Gross Carrying Accumulated Net As of September 25, 2015 Software $ 3,425 $ (3,230 ) $ 195 Total intangibles $ 3,425 $ (3,230 ) $ 195 (amount in thousands) Gross Carrying Accumulated Net As of June 26, 2015 Software $ 3,357 $ (3,220 ) $ 137 Total intangibles $ 3,357 $ (3,220 ) $ 137
Estimated Future Amortization of Intangibles	Based on the carrying amount of intangibles as of September 25, 2015, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year in June is as follows: (amount in thousands) 2016 $ 53 2017 37 2018 36 2019 36 2020 32 Thereafter 1 Total $ 195

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Sep. 25, 2015
Total Borrowing, Including Revolving and Long-Term Borrowings	The Company’s total borrowing, including revolving and long-term borrowings, consisted of the following: (amount in thousands) Rate (1) Conditions Maturity As of September 25, As of June 26, 2015 Short-term borrowing: Revolving borrowing: LIBOR + 1.75% per annum Repayable in 1 to 6 months October 2015 (2) $ 30,000 $ 30,000 Current portion of long-term borrowing 6,000 6,000 $ 36,000 $ 36,000 Long-term borrowing: LIBOR + 2.8% per annum Repayable in quarterly installments within 6 years March 2017 $ 9,000 $ 10,500 Less: (6,000 ) (6,000 ) Non-current portion $ 3,000 $ 4,500 (1) LIBOR is London Interbank Offered Rate. (2) On October 16, 2015, the maturity date of this revolving borrowing was extended to November 23, 2015.
Movements of Long-Term Loans	The movements of long-term loans were as follows for the three months ended September 25, 2015 and September 26, 2014: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 Opening net book amount $ 10,500 $ 16,500 Repayment during the period (1,500 ) (1,500 ) Closing net book amount $ 9,000 $ 15,000
Future Maturities of Long-Term Debt	As of September 25, 2015, future maturities of long-term debt were as follows at the end of each fiscal year below: (amount in thousands) 2016 $ 4,500 2017 4,500 Total $ 9,000
Undrawn Available Credit Facilities Classified by Available Period of Future Borrowing	Undrawn available credit facilities classified by available period of future borrowing as of September 25, 2015 and June 26, 2015 were as follows: (amount in thousands) September 25, 2015 June 26, 2015 Short-term $ 1,380 $ 1,480 Long-term $ 170,000 $ 170,000

Share-based compensation (Table

Share-based compensation (Tables)	3 Months Ended
	Sep. 25, 2015
Effect of Recording Share-Based Compensation Expense	The effect of recording share-based compensation expense for the three months ended September 25, 2015 and September 26, 2014 was as follows: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 Share-based compensation expense by type of award: Share options $ 16 $ 120 Restricted share units 2,657 1,747 Total share-based compensation expense 2,673 1,867 Tax effect on share-based compensation expense — — Net effect on share-based compensation expense $ 2,673 $ 1,867
Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income	Share-based compensation expense was recorded in the condensed consolidated statements of operations and comprehensive income as follows: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 Cost of revenue $ 537 $ 368 Selling, general and administrative expense 2,136 1,499 Total share-based compensation expense $ 2,673 $ 1,867
Share Option Activity	The following summarizes share option activity: Number of Shares Number of Weighted- Weighted- Balance as of June 26, 2015 792,019 758,451 $ 16.33 Granted — — — Exercised (98,759 ) $ 15.67 Forfeited (213 ) $ 14.43 Expired — — Balance as of September 25, 2015 693,047 680,798 $ 16.42 Number of Shares Number of Weighted- Weighted- Balance as of June 27, 2014 865,890 666,305 $ 16.27 Granted — — — Exercised (525 ) $ 4.25 Forfeited (1,503 ) $ 17.82 Expired (972 ) $ 23.29 Balance as of September 26, 2014 862,890 731,906 $ 16.26
Information for Share Options Outstanding	The following summarizes information for share options outstanding as of September 25, 2015 under the Share Option Plans: Number of Exercise Weighted- Aggregate (amount in thousands) 1,860 $ 5.75 1.27 8,368 $ 13.77 1.91 356,648 $ 16.83 2.05 30,000 $ 15.05 2.11 23,844 $ 25.50 2.30 7,400 $ 26.16 2.36 8,300 $ 23.62 2.61 36,251 $ 15.16 2.90 191,121 $ 14.12 3.13 22,760 $ 19.36 3.38 5,550 $ 18.60 3.43 945 $ 12.83 3.62 Options outstanding 693,047 2.47 $ 2,085 Options exercisable 680,798 2.45 $ 2,036
Restricted Share Unit Activity	The following summarizes restricted share unit activity under the 2010 Plan: Number of Shares Weighted- Balance as of June 26, 2015 1,140,927 $ 16.02 Granted 499,896 $ 19.34 Issued (286,374 ) $ 14.69 Forfeited (6,587 ) $ 18.11 Balance as of September 25, 2015 1,347,862 $ 17.09 Number of Shares Weighted- Balance as of June 27, 2014 762,295 $ 14.23 Granted — — Issued (177,288 ) (1) $ 13.56 Forfeited (4,046 ) $ 13.73 Balance as of September 26, 2014 580,961 $ 14.44 (1) Included 283 shares vested on September 24, 2014, but not settled as of September 26, 2014.

Accumulated other comprehensi32

Accumulated other comprehensive income (Tables)	3 Months Ended
	Sep. 25, 2015
Changes in Accumulated Other Comprehensive Loss, Net of Tax	The changes in accumulated other comprehensive income, net of tax, for the three months ended September 25, 2015 were as follows: (amount in thousands) Unrealized (Loss)/Gain on Marketable Securities Balance as of June 26, 2015 $ (44 ) Other comprehensive income before reclassification adjustment (18 ) Less: Reclassification adjustment for net income realized and included in other expense in net income 105 Net current-period other comprehensive income $ 87 Balance as of September 25, 2015 $ 43

Commitments and contingencies (

Commitments and contingencies (Tables)	3 Months Ended
	Sep. 25, 2015
Future Minimum Lease Payments Due Under Non-Cancelable Leases	As of September 25, 2015, the future minimum lease payments due under non-cancelable leases were as follows at the end of each fiscal year below: (amount in thousands) 2016 $ 827 2017 949 2018 948 2019 479 2020 290 Total minimum operating lease payments $ 3,493

Business segments and geograp34

Business segments and geographic information (Tables)	3 Months Ended
	Sep. 25, 2015
Total Revenues by Geographic Regions	The Company operates primarily in three geographic regions: North America, Asia-Pacific and Europe. The following table presents total revenues by geographic regions: Three Months Ended (amount in thousands) September 25, 2015 September 26, 2014 North America $ 106,443 $ 91,043 Asia-Pacific 83,890 77,802 Europe 26,100 20,480 $ 216,433 $ 189,325

Other expenses in relation to35

Other expenses in relation to flood (Tables)	3 Months Ended
	Sep. 25, 2015
Summary of Costs Incurred in Relation to Flooding	The following is a summary of all known losses incurred from this event and recognized in the unaudited condensed consolidated statements of operations and comprehensive income for the three months ended September 25, 2015. (amount in thousands) Loss from inventory $ 233 Repaired costs of equipment 567 Flood protection and salvage expenses 64 Total $ 864

Earnings Per Ordinary Share (De

Earnings Per Ordinary Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Sep. 25, 2015	Sep. 26, 2014
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income attributable to shareholders		$ 1,603	$ 11,036
Weighted-average number of ordinary shares outstanding (thousands of shares)		35,579	35,230
Incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares)		736	357
Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)		36,315	35,587
Basic earnings per ordinary share		$ 0.05	$ 0.31
Diluted earnings per ordinary share		$ 0.04	$ 0.31
Outstanding share options excluded in the computation of diluted earnings per ordinary share	[1]	62,304	645,450
[1]	These share options were not included in the computation of diluted earnings per ordinary share for three months ended September 25, 2015 and September 26, 2014, respectively, because the exercise price of the options was greater than the average market price of the underlying shares.

Cash, Cash Equivalents, and Mar

Cash, Cash Equivalents, and Marketable Securities (Detail) - USD ($) $ in Thousands	Sep. 25, 2015	Jun. 26, 2015	Sep. 26, 2014	Jun. 27, 2014
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	$ 160,589	$ 150,340
Unrealized (loss)/Gain	43	(44)
Cash and cash equivalents	95,465	112,978	$ 244,683	$ 233,477
Marketable securities	152,121	142,866
Cash
Cash, cash equivalents and marketable securities [Line Items]
Cash and cash equivalents	86,954	105,548
Cash Equivalents
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	8,511	7,430
Cash and cash equivalents	8,511	7,430
Corporate bonds and commercial papers
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	134,507	120,144
Unrealized (loss)/Gain	25	(43)
Marketable securities	134,532	120,101
U.S. agency and U.S. treasury securities
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	15,839	21,029
Unrealized (loss)/Gain	16	(2)
Marketable securities	15,855	21,027
Sovereign And Municipal Securities
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	1,732	1,737
Unrealized (loss)/Gain	2	1
Marketable securities	$ 1,734	$ 1,738

Cash, Cash Equivalents and Ma38

Cash, Cash Equivalents and Marketable Securities - Additional Information (Detail)	3 Months Ended
	Sep. 25, 2015USD ($)
Cash, cash equivalents and marketable securities [Line Items]
Net realized loss recognized on investments	$ 100,000
Impairment losses	0
Cash, cash equivalents and marketable securities at financial institutions located in the United States	$ 40,000,000
Minimum
Cash, cash equivalents and marketable securities [Line Items]
Maturities Period of Short-term marketable securities	3 months
Maximum
Cash, cash equivalents and marketable securities [Line Items]
Maturities Period of Short-term marketable securities	3 years

Available-for-Sale Securities B

Available-for-Sale Securities Based on Stated Effective Maturities (Detail) - USD ($) $ in Thousands	Sep. 25, 2015	Jun. 26, 2015
Adjusted cost
Due within one year	$ 28,323
Due between one to three years	123,755
Total	152,078
Fair value
Due within one year	28,326
Due between one to three years	123,795
Total	$ 152,121	$ 142,866

Financial Instruments Measured

Financial Instruments Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands		Sep. 25, 2015		Jun. 26, 2015
Assets
Derivative assets				$ 4
Total		$ 160,632		150,300
Liabilities
Derivative liabilities		12,109		371
Total		12,109		371
Cash Equivalents
Assets
Marketable securities		8,511		7,430
Corporate bonds and commercial papers
Assets
Marketable securities		134,532		120,101
U.S. agency and U.S. treasury securities
Assets
Marketable securities		15,855		21,027
Sovereign And Municipal Securities
Assets
Marketable securities		1,734		1,738
Significant Other Observable Inputs (Level 2)
Assets
Derivative assets	[1]			4
Total		160,632		150,300
Liabilities
Derivative liabilities		12,109	[2]	371	[3]
Total		12,109		371
Significant Other Observable Inputs (Level 2) | Cash Equivalents
Assets
Marketable securities		8,511		7,430
Significant Other Observable Inputs (Level 2) | Corporate bonds and commercial papers
Assets
Marketable securities		134,532		120,101
Significant Other Observable Inputs (Level 2) | U.S. agency and U.S. treasury securities
Assets
Marketable securities		15,855		21,027
Significant Other Observable Inputs (Level 2) | Sovereign And Municipal Securities
Assets
Marketable securities		$ 1,734		$ 1,738
[1]	Foreign currency options with notional amount of $3.0 million and forward contracts with notional amount of Canadian Dollars 0.4 million.
[2]	Foreign currency options with notional amount of $11.0 million and forward contracts with notional amount of $169.5 million, Canadian Dollars 1.0 million and Japanese Yen 0.1 million.
[3]	Foreign currency options with notional amount of $41.0 million.

Financial Instruments Measure41

Financial Instruments Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - Fair Value, Measurements, Recurring ¥ in Millions, CAD in Millions, $ in Millions	Sep. 25, 2015USD ($)	Sep. 25, 2015CAD	Sep. 25, 2015JPY (¥)	Jun. 26, 2015USD ($)	Jun. 26, 2015CAD
Foreign currency options
Fair Value Measurements at Reporting Date Using
Derivative liabilities, notional amount	$ 11			$ 41
Derivative assets, notional amount				$ 3
Foreign currency forward contracts
Fair Value Measurements at Reporting Date Using
Derivative liabilities, notional amount	$ 169.5	CAD 1	¥ 0.1
Derivative assets, notional amount | CAD					CAD 0.4

Fair value of financial instr42

Fair value of financial instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Foreign Currency Fair Value Hedge Derivative [Line Items]
Foreign exchange (loss) gain, net	$ (10,492)	$ (106)
Fair Value, Measurements, Recurring | Not Designated as Hedging Instrument | Put Option
Foreign Currency Fair Value Hedge Derivative [Line Items]
Foreign exchange (loss) gain, net	(800)	200
Fair Value, Measurements, Recurring | Foreign currency forward contracts | Not Designated as Hedging Instrument
Foreign Currency Fair Value Hedge Derivative [Line Items]
Foreign exchange (loss) gain, net	$ (11,300)	$ (10)

Activities and Balances for All

Activities and Balances for Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Valuation and Qualifying Accounts Disclosure [Line Items]
Credited to income	$ (4)	$ (1)
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance, beginning of period	50	37
Credited to income	(4)	(1)
Balance, end of period	$ 46	$ 36

Inventory (Detail)

Inventory (Detail) - USD ($) $ in Thousands	Sep. 25, 2015	Jun. 26, 2015
Inventory [Line Items]
Raw materials	$ 53,372	$ 46,065
Work in progress	72,294	69,174
Finished goods	15,318	11,843
Goods in transit	5,503	6,488
Inventory, Gross, Total	146,487	133,570
Less: Inventory obsolescence	(3,107)	(2,957)
Inventory, net	$ 143,380	$ 130,613

Intangibles (Detail)

Intangibles (Detail) - USD ($) $ in Thousands	Sep. 25, 2015	Jun. 26, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,425	$ 3,357
Accumulated Amortization	(3,230)	(3,220)
Net	195	137
Software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,425	3,357
Accumulated Amortization	(3,230)	(3,220)
Net	$ 195	$ 137

Intangibles - Additional Inform

Intangibles - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization expense related to intangibles	$ 10	$ 21

Estimated Future Amortization o

Estimated Future Amortization of Intangibles (Detail) - USD ($) $ in Thousands	Sep. 25, 2015	Jun. 26, 2015
Finite-Lived Intangible Assets [Line Items]
2,016	$ 53
2,017	37
2,018	36
2,019	36
2,020	32
Thereafter	1
Net	$ 195	$ 137

Total Borrowing, Including Revo

Total Borrowing, Including Revolving and Long-Term Borrowings (Detail) - USD ($) $ in Thousands		3 Months Ended
		Sep. 25, 2015	Jun. 26, 2015	Sep. 26, 2014	Jun. 27, 2014
Debt Instrument [Line Items]
Revolving borrowing		$ 30,000	$ 30,000
Current portion of long-term borrowing		6,000	6,000
Bank borrowings, including revolving loan and current portion of long-term loan from banks		36,000	36,000
Long-term borrowing		9,000	10,500	$ 15,000	$ 16,500
Non-current portion		$ 3,000	$ 4,500
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Rate	[1]	LIBOR + 1.75% per annum
Conditions		Repayable in 1 to 6 months
Repayment duration		1 month
Term	[2]	2015-10
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Repayment duration		6 months
Term	[2]	2015-10
LIBOR | Minimum
Debt Instrument [Line Items]
Margin above LIBOR		1.75%
LIBOR | Maximum
Debt Instrument [Line Items]
Margin above LIBOR		2.50%
LIBOR | Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Margin above LIBOR		1.75%
Long-term borrowing
Debt Instrument [Line Items]
Rate	[1]	LIBOR + 2.8% per annum
Conditions		Repayable in quarterly installments within 6 years
Repayment duration		6 years
Term		2017-03
Long-term borrowing | LIBOR
Debt Instrument [Line Items]
Margin above LIBOR		2.80%
[1]	LIBOR is London Interbank Offered Rate.
[2]	On October 16, 2015, the maturity date of this revolving borrowing was extended to November 23, 2015.

Total Borrowing, Including Re49

Total Borrowing, Including Revolving and Long-Term Borrowings (Parenthetical) (Detail)	Oct. 16, 2015
Subsequent Event
Debt Instrument [Line Items]
Revolving borrowing maturity date	Nov. 23, 2015

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($)	Oct. 16, 2015	Sep. 25, 2015	Jun. 26, 2015
Line of Credit Facility [Line Items]
Line of credit facility borrowing capacity		$ 200,000,000
Line of credit facility amounts outstanding		30,000,000	$ 30,000,000
Undrawn available credit facilities		170,000,000
Cash, cash equivalents and marketable securities at financial institutions located in the United States		40,000,000
Deposits or securities		10,000,000
Minimum net worth required for credit agreement		$ 200,000,000
Percentage of quarterly net income required for credit agreement		50.00%
Minimum debt service coverage ratio		150.00%
Maximum senior leverage ratio		250.00%
Minimum quick ratio required for credit agreement		110.00%
Bank borrowing No. 1 | Subsidiary
Line of Credit Facility [Line Items]
Carrying amount of assets secured and pledged as collateral		$ 49,400,000	$ 50,000,000
Subsequent Event
Line of Credit Facility [Line Items]
Revolving borrowing maturity date	Nov. 23, 2015
LIBOR
Line of Credit Facility [Line Items]
Credit line interest rate		LIBOR rate plus a spread of 1.75% to 2.50%
LIBOR | Minimum
Line of Credit Facility [Line Items]
Credit line interest rate, percentage		1.75%
LIBOR | Maximum
Line of Credit Facility [Line Items]
Credit line interest rate, percentage		2.50%
Base Rate
Line of Credit Facility [Line Items]
Credit line interest rate		Base rate plus a spread of 0.75% to 1.50%, determined in accordance with the Facility Agreement
Base Rate | Minimum
Line of Credit Facility [Line Items]
Credit line interest rate, percentage		0.75%
Base Rate | Maximum
Line of Credit Facility [Line Items]
Credit line interest rate, percentage		1.50%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility borrowing capacity		$ 150,000,000
Line of credit facility increase in borrowing capacity		$ 100,000,000
Line of credit expiration date		May 22, 2019
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Repayment duration		1 month
Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Repayment duration		6 months
Revolving Credit Facility | LIBOR | Minimum
Line of Credit Facility [Line Items]
Credit line interest rate, percentage		1.75%
Term Loan Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility borrowing capacity		$ 50,000,000
Line of credit expiration date		May 22, 2019

Movements of Long-Term Loans (D

Movements of Long-Term Loans (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Debt Instrument [Line Items]
Opening net book amount	$ 10,500	$ 16,500
Repayment during the period	(1,500)	(1,500)
Closing net book amount	$ 9,000	$ 15,000

Future Maturities of Long-Term

Future Maturities of Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 25, 2015	Jun. 26, 2015	Sep. 26, 2014	Jun. 27, 2014
Debt Instrument [Line Items]
2,016	$ 4,500
2,017	4,500
Long-term borrowing	$ 9,000	$ 10,500	$ 15,000	$ 16,500

Undrawn Available Credit Facili

Undrawn Available Credit Facilities Classified by Available Period of Future Borrowing (Detail) - USD ($) $ in Thousands	Sep. 25, 2015	Jun. 26, 2015
Line of Credit Facility [Line Items]
Undrawn available credit facilities	$ 170,000
Short-term loans
Line of Credit Facility [Line Items]
Undrawn available credit facilities	1,380	$ 1,480
Long-term loans
Line of Credit Facility [Line Items]
Undrawn available credit facilities	$ 170,000	$ 170,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014	Jun. 26, 2015
Income Taxes [Line Items]
Liability for uncertain tax positions including accrued interest and penalties	$ 1.5		$ 1.6
Corporate income tax rate	44.70%	8.10%
Earliest Tax Year
Income Taxes [Line Items]
Tax year remain open to examination	2,011
Latest Tax Year
Income Taxes [Line Items]
Tax year remain open to examination	2,015

Effect of Recording Share-Based

Effect of Recording Share-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Share-based compensation expense by type of award:
Share options	$ 16	$ 120
Restricted share units	2,657	1,747
Total share-based compensation expense	2,673	1,867
Tax effect on share-based compensation expense	0	0
Net effect on share-based compensation expense	$ 2,673	$ 1,867

Share-Based Compensation Expens

Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 2,673	$ 1,867
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	537	368
Selling, general and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 2,136	$ 1,499

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) $ in Thousands	May. 24, 2015	Sep. 25, 2015USD ($)Installmentshares	Sep. 26, 2014USD ($)shares	Jun. 26, 2015shares	Jun. 27, 2014shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld to settle employee minimum statutory obligation for applicable income and other employment taxes		46,016	10,547
Tax withholdings related to net share settlement of restricted share units | $		$ 878	$ 189
Stock Plan 1999
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share options outstanding		1,860
Stock Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share options outstanding		691,187
Ordinary shares available for future grant		2,492,055
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year		4 years
Award granted, equal installments | Installment		4
Restricted Shares | Stock Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted share units outstanding		1,347,862	580,961	1,140,927	762,295
Unrecognized share-based compensation expense | $		$ 13,700
Unrecognized compensation expense, weighted-average period for recognition		3 years 2 months 1 day
Restricted Shares | Non Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year		1 year
Restricted Shares | Non Employee Director | Vest on the first of January
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		100.00%
Restricted Shares | Executive of the Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year	2 years
Restricted Shares | Executive of the Company | If the executive's employment with the Company continues through and including February 20, 2017.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	100.00%
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year		4 years
Options expiration period, year		7 years
Employee Stock Option | Stock Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense | $		$ 1
Unrecognized compensation expense, weighted-average period for recognition		2 months 23 days
Employee Stock Option | Vest 12 months after the vesting commencement date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		25.00%
Employee Stock Option | Vest monthly over each of the subsequent 36 months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		2.083%
Employee Stock Option | Vest monthly over four years, commencing one month after the vesting commencement date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		2.083%

Share Option Activity (Detail)

Share Option Activity (Detail) - Stock Plan Nineteen Ninety Nine and Twenty Ten - $ / shares	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Number of shares
Beginning balance	792,019	865,890
Granted	0	0
Exercised	(98,759)	(525)
Forfeited	(213)	(1,503)
Expired		(972)
Ending balance	693,047	862,890
Number of Exercisable Options	680,798	731,906
Weighted-Average Exercise Price per share
Beginning balance	$ 16.33	$ 16.27
Granted	0	0
Exercised	15.67	4.25
Forfeited	14.43	17.82
Expired		23.29
Ending balance	16.42	16.26
Weighted-Average Grant Date Fair Value
Granted	$ 0	$ 0

Information for Share Options O

Information for Share Options Outstanding (Detail) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 25, 2015USD ($)$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	693,047
Options outstanding, weighted average remaining contractual life (years)	2 years 5 months 19 days
Options outstanding, aggregate intrinsic value | $	$ 2,085
Exercise Price 1
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	1,860
Exercise Price Per Share | $ / shares	$ 5.75
Options outstanding, weighted average remaining contractual life (years)	1 year 3 months 7 days
Exercise Price 2
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	8,368
Exercise Price Per Share | $ / shares	$ 13.77
Options outstanding, weighted average remaining contractual life (years)	1 year 10 months 28 days
Exercise Price 3
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	356,648
Exercise Price Per Share | $ / shares	$ 16.83
Options outstanding, weighted average remaining contractual life (years)	2 years 18 days
Exercise Price 4
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	30,000
Exercise Price Per Share | $ / shares	$ 15.05
Options outstanding, weighted average remaining contractual life (years)	2 years 1 month 10 days
Exercise Price 5
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	23,844
Exercise Price Per Share | $ / shares	$ 25.50
Options outstanding, weighted average remaining contractual life (years)	2 years 3 months 18 days
Exercise Price 6
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	7,400
Exercise Price Per Share | $ / shares	$ 26.16
Options outstanding, weighted average remaining contractual life (years)	2 years 4 months 10 days
Exercise Price 7
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	8,300
Exercise Price Per Share | $ / shares	$ 23.62
Options outstanding, weighted average remaining contractual life (years)	2 years 7 months 10 days
Exercise Price 8
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	36,251
Exercise Price Per Share | $ / shares	$ 15.16
Options outstanding, weighted average remaining contractual life (years)	2 years 10 months 24 days
Exercise Price 9
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	191,121
Exercise Price Per Share | $ / shares	$ 14.12
Options outstanding, weighted average remaining contractual life (years)	3 years 1 month 17 days
Exercise Price 10
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	22,760
Exercise Price Per Share | $ / shares	$ 19.36
Options outstanding, weighted average remaining contractual life (years)	3 years 4 months 17 days
Exercise Price 11
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	5,550
Exercise Price Per Share | $ / shares	$ 18.60
Options outstanding, weighted average remaining contractual life (years)	3 years 5 months 5 days
Exercise Price 12
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, outstanding	945
Exercise Price Per Share | $ / shares	$ 12.83
Options outstanding, weighted average remaining contractual life (years)	3 years 7 months 13 days
Stock Plan Nineteen Ninety Nine and Twenty Ten
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options, exercisable	680,798
Options exercisable, weighted average remaining contractual life (years)	2 years 5 months 12 days
Options exercisable, aggregate intrinsic value | $	$ 2,036

Restricted Share Unit Activity

Restricted Share Unit Activity (Detail) - Stock Plan 2010 - Restricted Shares - $ / shares	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Number of restricted share units
Number of restricted share units, beginning balance	1,140,927	762,295
Number of restricted share units, Granted	499,896
Number of restricted share units, Issued	(286,374)	(177,288)	[1]
Number of restricted share units, Forfeited	(6,587)	(4,046)
Number of restricted share units, ending balance	1,347,862	580,961
Weighted Average Grant Date Fair Value Per Share
Weighted-average grant date fair value per share, Beginning Balance	$ 16.02	$ 14.23
Weighted-average grant date fair value per share, Granted	19.34
Weighted-average grant date fair value per share, Issued	14.69	13.56
Weighted-average grant date fair value per share, Forfeited	18.11	13.73
Weighted-average grant date fair value per share, Ending Balance	$ 17.09	$ 14.44
[1]	Included 283 shares vested on September 24, 2014, but not settled as of September 26, 2014.

Restricted Share Unit Activit61

Restricted Share Unit Activity (Parenthetical) (Detail)	Sep. 24, 2014shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted share unit of shares vested but not settled	283

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - $ / shares	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014	Jun. 26, 2015
Shareholders Equity [Line Items]
Ordinary shares, authorized share capital	500,000,000		500,000,000
Ordinary shares, par value	$ 0.01		$ 0.01
Preferred shares, shares authorized	5,000,000		5,000,000
Preferred shares, par value	$ 0.01		$ 0.01
Stock Plan Nineteen Ninety Nine and Twenty Ten
Shareholders Equity [Line Items]
Ordinary shares issued upon exercise of options	98,759	525
Ordinary shares issued upon exercise of options, weight average exercise price	$ 15.67	$ 4.25
Ordinary shares issued upon vesting of restricted shares	240,358	166,458

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss, Net of Tax (Detail) $ in Thousands	3 Months Ended
	Sep. 25, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of June 26, 2015	$ (44)
Total other comprehensive income	87
Balance as of September 25, 2015	43
Unrealized (Loss)/Gain on Marketable Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of June 26, 2015	(44)
Other comprehensive income before reclassification adjustment	(18)
Less: Reclassification adjustment for net income realized and included in other expense in net income	105
Total other comprehensive income	87
Balance as of September 25, 2015	$ 43

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 02, 2015	Sep. 25, 2015	Sep. 26, 2014	Jun. 26, 2015
Commitments and Contingencies Disclosure [Line Items]
Outstanding bank guarantees given by banks on behalf of the company		$ 700		$ 800
Rental expense under operating leases		300	$ 200
Outstanding commitment to third parties		4,100
Purchase price of land	$ 11,800
Payment for deposit	$ 2,352	$ 2,352
Maximum
Commitments and Contingencies Disclosure [Line Items]
Operating lease expiration year		2,020

Future Minimum Lease Payments D

Future Minimum Lease Payments Due Under Non-Cancelable Leases (Detail) $ in Thousands	Sep. 25, 2015USD ($)
Operating Leased Assets [Line Items]
2,016	$ 827
2,017	949
2,018	948
2,019	479
2,020	290
Total minimum operating lease payments	$ 3,493

Business Segments and Geograp66

Business Segments and Geographic Information - Additional Information (Detail) $ in Millions	3 Months Ended
	Sep. 25, 2015USD ($)CustomerSegment	Sep. 26, 2014USD ($)Segment	Jun. 26, 2015Customer
Segment Reporting Information [Line Items]
Number of operating segment | Segment	1	1
Number of customers | Customer	2		2
North America
Segment Reporting Information [Line Items]
Long-lived assets	$ 33.9	$ 0.2

Total Revenues by Geographic Re

Total Revenues by Geographic Regions (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	$ 216,433	$ 189,325
North America
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	106,443	91,043
Asia Pacific
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	83,890	77,802
Europe
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	$ 26,100	$ 20,480

Other Expenses in Relation to68

Other Expenses in Relation to Flood - Additional Information (Detail) $ in Thousands	3 Months Ended
	Sep. 25, 2015USD ($)
Unusual or Infrequent Item [Line Items]
Other expenses in relation to flood	$ 864

Summary of Losses Incurred in R

Summary of Losses Incurred in Relation to Flood (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2015	Sep. 26, 2014
Unusual or Infrequent Item [Line Items]
Loss from inventory	$ 150	$ 515
Total	864
Flooding in China during August 2015
Unusual or Infrequent Item [Line Items]
Loss from inventory	233
Repaired costs of equipment	567
Flood protection and salvage expenses	$ 64

Subsequent event - Additional I

Subsequent event - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Oct. 31, 2015	Dec. 25, 2015
Scenario, Forecast
Subsequent Event [Line Items]
Severance expenses		$ 0.7
Subsequent Event
Subsequent Event [Line Items]
Capital expenditure commitment	$ 30.4