Fabrinet (FN) 10-Q 4 Feb 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Dec. 27, 2019	Jan. 24, 2020
Cover [Abstract]
Document Type	10-Q
Current Fiscal Year End Date	--06-26
Amendment Flag	false
Document Period End Date	Dec. 27, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001408710
Entity Registrant Name	Fabrinet
Trading Symbol	FN
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Security Exchange Name	NYSE
Title of 12(b) Security	Ordinary Shares
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-34775
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	98-1228572
Entity Address, Address Line One	c/o Intertrust Corporate Services (Cayman) Limited
Entity Address, Address Line Two	190 Elgin Avenue
Entity Address, City or Town	George Town
Entity Address, Country	KY
Entity Address, Postal Zip Code	KY1-9005
City Area Code	66
Local Phone Number	2-524-9600
Entity Common Stock, Shares Outstanding		37,052,502

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019
Current assets
Cash and cash equivalents	$ 220,031	$ 180,839
Short-term restricted cash	272
Short-term investments	222,805	256,493
Trade accounts receivable, net	285,579	260,602
Contract assets	11,114	12,447
Inventories	294,380	293,612
Other receivable	24,310
Prepaid expenses	4,919	8,827
Other current assets	7,416	11,015
Total current assets	1,070,826	1,023,835
Non-current assets
Long-term restricted cash	7,402	7,402
Property, plant and equipment, net	217,038	210,686
Intangibles, net	4,038	3,887
Operating right-of-use assets	7,558
Goodwill	3,798	3,705
Deferred tax assets	4,115	5,679
Other non-current assets	253	124
Total non-current assets	244,202	231,483
Total Assets	1,315,028	1,255,318
Current liabilities
Long-term borrowings, current portion, net	12,156	3,250
Trade accounts payable	234,929	257,617
Contract liabilities	2,360	2,239
Capital lease liability, current portion	311	398
Operating lease liability, current portion	1,823
Income tax payable	3,137	1,801
Accrued payroll, bonus and related expenses	15,942	16,510
Accrued expenses	11,338	8,997
Other payables	31,384	22,236
Total current liabilities	313,380	313,048
Non-current liabilities
Long-term borrowings, non-current portion, net	45,592	57,688
Deferred tax liability	3,543	3,561
Capital lease liability, non-current portion		102
Operating lease liabilities, non-current portion	5,728
Severance liabilities	16,735	15,209
Other non-current liabilities	1,723	2,611
Total non-current liabilities	73,321	79,171
Total Liabilities	386,701	392,219
Commitments and contingencies (Note 19)
Shareholders' equity
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of December 27, 2019 and June 28, 2019)
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 38,408,890 shares and 38,230,753 shares issued at December 27, 2019 and June 28, 2019, respectively; and 37,019,787 shares and 36,841,650 shares outstanding at December 27, 2019 and June 28, 2019, respectively)	384	382
Additional paid-in capital	166,103	158,299
Less: Treasury shares, at cost (1,389,103 shares and 1,389,103 shares as of December 27, 2019 and June 28, 2019, respectively)	(47,779)	(47,779)
Accumulated other comprehensive loss	(2,152)	(2,386)
Retained earnings	811,771	754,583
Total Shareholders' Equity	928,327	863,099
Total Liabilities and Shareholders' Equity	$ 1,315,028	$ 1,255,318

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 27, 2019	Jun. 28, 2019
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	38,408,890	38,230,753
Ordinary shares, shares outstanding	37,019,787	36,841,650
Treasury stocks, shares	1,389,103	1,389,103

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Revenues	$ 426,217	$ 403,080	$ 825,513	$ 780,257
Cost of revenues	(377,059)	(357,516)	(730,368)	(694,417)
Gross profit	49,158	45,564	95,145	85,840
Selling, general and administrative expenses	(17,078)	(12,727)	(33,078)	(27,164)
Expenses related to reduction in workforce	(16)	(319)	(16)	(404)
Operating income	32,064	32,518	62,051	58,272
Interest income	1,940	1,182	4,038	2,626
Interest expense	(181)	(1,616)	(2,574)	(2,250)
Foreign exchange (loss) gain, net	(988)	(421)	(2,941)	2,647
Other income, net	397	562	774	639
Income before income taxes	33,232	32,225	61,348	61,934
Income tax expense	(2,001)	(712)	(4,160)	(2,571)
Net income	31,231	31,513	57,188	59,363
Other comprehensive income (loss), net of tax:
Change in net unrealized (loss) gain on available-for-sale securities	(82)	598	(47)	886
Change in net unrealized loss on derivative instruments	(189)		(150)	(1)
Change in net retirement benefits plan – prior service cost	101		184
Change in foreign currency translation adjustment	616	(505)	247	(705)
Total other comprehensive income, net of tax	446	93	234	180
Net comprehensive income	$ 31,677	$ 31,606	$ 57,422	$ 59,543
Earnings per share
Basic	$ 0.84	$ 0.86	$ 1.55	$ 1.62
Diluted	$ 0.83	$ 0.84	$ 1.52	$ 1.59
Weighted-average number of ordinary shares outstanding (thousands of shares)
Basic	37,011	36,841	36,962	36,733
Diluted	37,763	37,471	37,646	37,305

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Ordinary Shares	Additional Paid-in Capital	Treasury Shares	Accumulated Other Comprehensive (Loss) Income	Retained Earnings
Beginning Balance at Jun. 29, 2018	$ 740,939	$ 377	$ 151,797	$ (42,401)	$ (1,257)	$ 632,423
Beginning Balance (in shares) at Jun. 29, 2018		37,723,733
Net income	59,363					59,363
Other comprehensive income	180				180
Cumulative effect adjustment from adoption of ASC 606	1,205					1,205
Share-based compensation	8,949		8,949
Issuance of ordinary shares		$ 4	(4)
Issuance of ordinary shares (in shares)		414,426
Tax withholdings related to net share settlement of restricted share units	(9,103)		(9,103)
Ending Balance at Dec. 28, 2018	801,533	$ 381	151,639	(42,401)	(1,077)	692,991
Ending Balance (in shares) at Dec. 28, 2018		38,138,159
Beginning Balance at Sep. 28, 2018	766,157	$ 381	147,869	(42,401)	(1,170)	661,478
Beginning Balance (in shares) at Sep. 28, 2018		38,118,609
Net income	31,513					31,513
Other comprehensive income	93				93
Share-based compensation	3,969		3,969
Issuance of ordinary shares (in shares)		19,550
Tax withholdings related to net share settlement of restricted share units	(199)		(199)
Ending Balance at Dec. 28, 2018	801,533	$ 381	151,639	(42,401)	(1,077)	692,991
Ending Balance (in shares) at Dec. 28, 2018		38,138,159
Beginning Balance at Jun. 28, 2019	863,099	$ 382	158,299	(47,779)	(2,386)	754,583
Beginning Balance (in shares) at Jun. 28, 2019		38,230,753
Net income	57,188					57,188
Other comprehensive income	234				234
Share-based compensation	12,183		12,183
Issuance of ordinary shares		$ 2	(2)
Issuance of ordinary shares (in shares)		178,137
Tax withholdings related to net share settlement of restricted share units	(4,377)		(4,377)
Ending Balance at Dec. 27, 2019	928,327	$ 384	166,103	(47,779)	(2,152)	811,771
Ending Balance (in shares) at Dec. 27, 2019		38,408,890
Beginning Balance at Sep. 27, 2019	890,695	$ 384	160,148	(47,779)	(2,598)	780,540
Beginning Balance (in shares) at Sep. 27, 2019		38,389,128
Net income	31,231					31,231
Other comprehensive income	446				446
Share-based compensation	6,188		6,188
Issuance of ordinary shares (in shares)		19,762
Tax withholdings related to net share settlement of restricted share units	(233)		(233)
Ending Balance at Dec. 27, 2019	$ 928,327	$ 384	$ 166,103	$ (47,779)	$ (2,152)	$ 811,771
Ending Balance (in shares) at Dec. 27, 2019		38,408,890

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Cash flows from operating activities
Net income for the period	$ 57,188	$ 59,363
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	15,279	15,000
Loss on disposal of property, plant and equipment	242	528
Loss on disposal of intangibles		149
(Gain) loss from sales and maturities of available-for-sale securities	(79)	1,060
Amortization of investment discount (premium)	117	(533)
Amortization of deferred debt issuance costs	10
Allowance for doubtful accounts	6
Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts	1,205	(5,775)
Unrealized loss (gain) on fair value of interest rate swaps	1,672	849
Amortization of interest rate swaps' fair value at hedge inception	(433)
Share-based compensation	12,183	8,949
Deferred income tax	1,543	481
Severance liabilities	2,015	1,339
Other non-cash expenses	(851)	(759)
Changes in operating assets and liabilities
Trade accounts receivable	(24,970)	(14,381)
Contract assets	1,333	(3,459)
Inventories	(767)	(28,880)
Other current assets and non-current assets	7,471	2,128
Trade accounts payable	(22,816)	29,276
Contract liabilities	121
Income tax payable	1,336	1,859
Other current liabilities and non-current liabilities	805	2,104
Net cash provided by operating activities	52,610	69,298
Cash flows from investing activities
Purchase of short-term investments	(101,727)	(82,141)
Proceeds from sales of short-term investments	72,664	70,472
Proceeds from maturities of short-term investments	62,666	34,788
Other receivable provided to customer (Note 9)	(24,310)
Purchase of property, plant and equipment	(15,411)	(9,732)
Purchase of intangibles	(808)	(251)
Proceeds from disposal of property, plant and equipment	1,195	5
Net cash (used in) provided by investing activities	(5,731)	13,141
Cash flows from financing activities
Payment of debt issuance costs	(153)
Proceeds from long-term borrowings	60,938
Repayment of long-term borrowings	(63,985)	(813)
Repayment of capital lease liability	(189)	(255)
Release of restricted cash held in connection with business acquisition		(3,478)
Withholding tax related to net share settlement of restricted share units	(4,377)	(9,103)
Net cash used in financing activities	(7,766)	(13,649)
Net increase in cash, cash equivalents and restricted cash	39,113	68,790
Movement in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash at beginning of period	188,241	161,433
Increase in cash, cash equivalents and restricted cash	39,113	68,790
Effect of exchange rate on cash, cash equivalents and restricted cash	351	773
Cash, cash equivalents and restricted cash at end of period	227,705	230,996
Non-cash investing and financing activities
Construction, software and equipment-related payables	$ 14,307	$ 2,888

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Thousands	Dec. 27, 2019USD ($)
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$ 220,031
Restricted cash	7,674
Cash, cash equivalents and restricted cash	$ 227,705

Business and organization

Business and organization	6 Months Ended
	Dec. 27, 2019
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. The “Company” refers 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, low-volume, high-mix

Accounting policies

Accounting policies	6 Months Ended
	Dec. 27, 2019
Accounting policies	2. Accounting policies Basis of presentation The accompanying unaudited condensed consolidated financial statements for Fabrinet as of December 27, 2019 and for the three and six months ended December 27, 2019 and December 28, 2018 includes 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 the 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 The balance sheet as of June 28, 2019 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 and six months ended December 27, 2019 may not be indicative of results for the year ending June 26, 2020 or any future periods. Use of Estimates The preparation of the Company’s unaudited 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, inventory obsolescence, goodwill and valuation of intangible assets related to business acquisition, 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 be different from actual results, adjustments will be made in subsequent periods to reflect more current information. Fiscal years The Company utilizes a 52-53 Changes in Accounting Policies Except for the adoption of the new lease accounting standard and the derivatives and hedging standard described below, the Company has consistently applied the accounting policies to all periods presented in these unaudited condensed consolidated financial statements. Adoption of New Accounting Standards On June 29, 2019, the Company adopted the new lease accounting standard, Accounting Standards Codification Topic 842 (“ASC 842”), which provides guidance for the recognition and disclosure of lease arrangements. The Company adopted ASC 842 using the modified retrospective transition approach. Accordingly, the Company’s comparative financial statements as of June 28, 2019 have not been adjusted. ASC 842 also provides practical expedients for the Company’s ongoing accounting. The Company elected the short-term lease recognition exemption for its operating leases with a term of less than 12 months, which will not require recognition of right of use (“ROU”) assets or lease liabilities for these leases. For periods prior to adoption of ASC 842, the Company is required to present disclosures in accordance with ASC Topic 840. F non-cancelable (amount in thousands) 2020 $ 1,746 2021 1,342 2022 1,219 2023 1,172 Thereafter 230 Total future minimum operating lease payments $ 5,709 The most significant impact of the adoption of ASC 842 was the recognition of ROU assets and lease liabilities for operating leases with a term of greater than 12 months, while the accounting for finance leases will remain substantially unchanged. See Note 10 for further details. On June 29, 2019, the Company also adopted Accounting Standards Update (“ASU”) 2017-12, 2017-12 2017-12, 2017-12, Concentration ​​​​​​​of credit risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, short-term investments, derivatives, accounts receivable and contract assets. Cash, cash equivalents and short-term investments 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 short-term investments in marketable securities to securities with a maturity not in excess of three years and securities that are rated A1, P-1, The Company enters into derivative contracts with financial institutions with reputable credit and monitors the credit profiles of these counterparties. 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 December 2019, the Financial Accounting Standards Board (“FASB”) issued ASU 2019-12, . In May 2019, the 2019-05, . 2019-05 326-20 825-10 instrument-by-instrument held-to-maturity 820-10 825-10. is currently evaluating the i mpact of the adoption of o n its condensed consolidated financial statements. In April 2019, the 2019-04, 2019-04 In August 2018, the FASB issued ASU 2018-13, 2018-13 In January 2017, the FASB issued ASU 2017-04, 2017-04

Revenues from contracts with cu

Revenues from contracts with customers	6 Months Ended
	Dec. 27, 2019
Revenues from contracts with customers	3. Revenues from contracts with customers The Company derives total revenues primarily from the assembly of products under supply agreements with its customers and the fabrication of customized optics and glass. The Company recognizes revenue relating to contracts with customers that depicts the transfer of promised goods or services to customers in an amount reflecting the consideration to which the Company expects to be entitled in exchange for such goods or services. In order to meet this requirement, the Company applies the following five steps: (1) identify the contract with a customer, (2) identify the performance obligations under the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations under the contract, and (5) recognize revenue when a performance obligation is satisfied. Revenue is recognized net of any taxes collected from customers, which is subsequently remitted to governmental authorities. A performance obligation is a contractual promise to transfer a distinct good or service to the customer. In contracts with multiple performance obligations, the Company identifies each performance obligation and evaluates whether the performance obligation is distinct within the context of the contract at contract inception. The majority of the Company’s contracts have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises under the contracts and, therefore, is not distinct. The Company manufactures products that are customized to customers’ specifications, however, control of the products is typically transferred to the customer at the point in time the product is either shipped or delivered, depending on the terms of the arrangement, as the criteria for recognizing revenue over time are not met. On the evaluation of the contracts the Company determined that it did not have contractual rights to bill profit for work in progress in the event of a contract termination, an event which is expected to be infrequent. Further, in limited circumstances, substantive acceptance by the customer will result in the deferral of revenue until acceptance is formally received from the customer. Judgment may be required in determining if the acceptance clause provides for substantive acceptance. Certain customers may request the Company to store finished products purchased by them at the Company’s warehouse. In these instances, the Company receives a written request from the customer asking the Company to hold the inventory at the Company’s warehouse and the ordered goods cannot be used to fulfill other customer orders. In these situations, revenue is only recognized when the goods are completed and ready for shipment and transferred to the Company’s warehouse. Our customers generally are obligated to purchase finished goods that we have manufactured according to their demand requirements. Materials that are not consumed by our customers within a specified period of time, or that are no longer required due to a product’s cancellation or end-of-life, A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment to determine the net consideration to which the Company expects to be entitled. The Company generally does not grant return privileges other than for defective products during the warranty period. The Company generally provides a warranty of between one Warranty provision Provisions for estimated expenses relating to product warranties are made at the time the products are sold using historical experience. Generally, this warranty is limited to workmanship and the Company’s liability is capped at the price of the product. The provisions will be adjusted when experience indicates an expected settlement will differ from initial estimates. Contract Assets and Liabilities A contract asset is recognized when the Company​​​​​​​ has recognized revenues prior to generating an invoice for payment. Contract assets are classified separately within the unaudited condensed consolidated balance sheets and transferred to accounts receivable when rights to payment become unconditional. During the six months ended December 27, 2019, the Company had no impairment for contract assets recognized. A contract liability is recognized when the Company has advance payment arrangements with customers. The contract liabilities balance is normally recognized as revenue within six months. The following tables summarize the activity in the Company’s contract assets and contract liabilities during the six s (amount in thousands) Contract Assets Beginning balance, June 28, 2019 $ 12,447 Revenue recognized 39,093 Amounts collected or invoiced (40,426 ) Ending balance, December 27, 2019 $ 11,114 (amount in thousands) Contract Beginning balance, June 28, 2019 $ 2,239 A 3,336 Revenue recognized (3,215 ) Ending balance, December 27, 2019 $ 2,360 Contract Costs Consistent with the guidance in ASC 340-40-25-1, six s Shipping and Handling​​​​​​​ Shipping costs billed to customers are recorded as revenue. Shipping and handling expense related to costs incurred to deliver product are recognized within cost of goods sold. The Company accounts for shipping and handling activities that occur after control has transferred as a fulfillment cost as opposed to a separate performance obligation, and the costs of shipping and handling are recognized concurrently with the related revenue. Revenue by Geographic ​​​​​​​Area Total revenues are attributed to a particular geographic area based on the bill-to-location s (amount in thousands, except percentages) Three Months December 27, 2019 As a % of Total Six Months December 27, 2019 As a % of Total North America $ 223,398 52.4 % $ 424,345 51.4 % Asia-Pacific 141,147 33.1 259,570 31.4 Europe 61,672 14.5 141,598 17.2 Total $ 426,217 100.0 % $ 825,513 100.0 % (amount in thousands, except percentages) Three Months December 28, 2018 As a % of Total Six Months December 28, 2018 As a % of Total North America $ 182,698 45.3 % $ 362,524 46.5 % Asia-Pacific 166,711 41.4 318,658 40.8 Europe 53,671 13.3 99,075 12.7 Total $ 403,080 100.0 % $ 780,257 100.0 % The following table s : (amount in thousands, except percentages) Three Months December 27, 2019 As a % of Total Six Months December 27, 2019 As a % of Total Optical communications $ 322,068 75.6 % $ 624,447 75.6 % Lasers, sensors and other 104,149 24.4 201,066 24.4 Total $ 426,217 100.0 % $ 825,513 100.0 % (amount in thousands, except percentages) Three Months December 28, 2018 As a % of Total Six Months December 28, 2018 As a % of Total Optical communications $ 305,547 75.8 % $ 586,315 75.1 % Lasers, sensors and other 97,533 24.2 193,942 24.9 Total $ 403,080 100.0 % $ 780,257 100.0 %

Earnings per ordinary share

Earnings per ordinary share	6 Months Ended
	Dec. 27, 2019
Earnings per ordinary share	4. 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 calculating the effect of potential dilutive ordinary shares outstanding during the period using the treasury stock method. Dilutive ordinary equivalent shares consist of restricted share units and performance share units. Earnings per ordinary share was calculated as follows: Three Months Ended Six Months Ended (amount in thousands except per share amounts) December 27, December 28, December 27, 2019 December 28, 2018 Net income attributable to shareholders $ 31,231 $ 31,513 $ 57,188 $ 59,363 Weighted-average number of ordinary shares outstanding (thousands of shares) 37,011 36,841 36,962 36,733 Incremental shares arising from the assumed vesting of restricted share units and performance share units (thousands of shares) 752 630 684 572 Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares) 37,763 37,471 37,646 37,305 Basic earnings per ordinary share $ 0.84 $ 0.86 $ 1.55 $ 1.62 Diluted earnings per ordinary share $ 0.83 $ 0.84 $ 1.52 $ 1.59 Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares) (1) 50 401 50 401 (1) These performance share units were not included in the computation of diluted earnings per ordinary share because they are not expected to vest based on the Company’s current assessment of the related performance obligations.

Cash, Cash Equivalents and Shor

Cash, Cash Equivalents and Short-Term Investments	6 Months Ended
	Dec. 27, 2019
Cash, cash equivalents and short-term investments	5. Cash, cash equivalents and short-term investments The Company’s cash, cash equivalents, and short-term investments can be analyzed as follows: Fair Value (amount in thousands) Carrying Cost Unrealized Cash and Marketable Other As of December 27, 2019 Cash $ 217,721 $ — $ 217,721 $ — $ — Cash equivalents 2,310 — 2,310 — — Liquidity funds 20,837 — — — 20,837 Certificates of deposit and time deposits 20,000 — — — 20,000 Corporate bonds and commercial papers 102,735 261 — 102,996 — U.S. agency and U.S. T 78,840 132 — 78,972 — Total $ 442,443 $ 393 $ 220,031 $ 181,968 $ 40,837 As of June 28, 2019 Cash $ 178,019 $ — $ 178,019 $ — $ — Cash equivalents 2,820 — 2,820 — — Liquidity funds 20,552 — — — 20,552 Certificates of deposit and time deposits 35,028 — — — 35,028 Corporate bonds and commercial papers 130,959 297 — 131,256 — U.S. agency and U.S. T 69,552 105 — 69,657 — Total $ 436,930 $ 402 $ 180,839 $ 200,913 $ 55,580 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 re-evaluates available-for-sale. The following table summarizes the cost and estimated fair value of short-term investments classified as available-for-sale December 27, 2019 June 2 8 9 (amount in thousands) Carrying Cost Fair Value Carrying Cost Fair Value Due within one year $ 51,938 $ 51,971 $ 69,746 $ 69,830 Due between one to five years 129,637 129,997 130,765 131,083 Total $ 181,575 $ 181,968 $ 200,511 $ 200,913 During the six months ended December 27, 2019, the Company recognized a realized gain of $79 thousand from sales and maturities of available-for-sale As of December 27, 2019, the Company considered the decline

Fair value of financial instrum

Fair value of financial instruments	6 Months Ended
	Dec. 27, 2019
Fair value of financial instruments	6. 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 (amount in thousands) Level 1 Level 2 Level 3 Total As of December 27, 2019 Assets Cash equivalents $ — $ 2,310 $ — $ 2,310 Liquidity funds — 20,837 — 20,837 Certificates of deposit and time deposits — 20,000 — 20,000 Corporate bonds and commercial papers — 102,996 — 102,996 U.S. agency and U.S. T — 78,972 — 78,972 Derivative assets — 325 (1) — 325 Total $ — $ 225,440 $ — $ 225,440 Liabilities Derivative liabilities $ — $ 3,980 (2) $ — $ 3,980 Total $ — $ 3,980 $ — $ 3,980 Fair Value Measurements at Reporting Date Using (amount in thousands) Level 1 Level 2 Level 3 Total As of June 28, 2019 Assets Cash equivalents $ — $ 2,820 $ — $ 2,820 Liquidity funds — 20,552 — 20,552 Certificates of deposit and time deposits — 35,028 — 35,028 Corporate bonds and commercial papers — 131,256 — 131,256 U.S. agency and U.S. T — 69,657 — 69,657 Derivative assets — 2,201 (3) — 2,201 Total $ — $ 261,514 $ — $ 261,514 Liabilities Derivative liabilities $ — $ 2,591 (4) $ — $ 2,591 Total $ — $ 2,591 $ — $ 2,591 (1) Foreign currency forward contracts with a notional amount of $126.0 million and Canadian dollars 0.4 (2) Two interest rate swap agreements with an aggregate notional amount of (3) Foreign currency forward contracts with notional amount of $72.0 million and Canadian dollars 0.6 million. (4) Interest rate swap agreement with a notional amount of $64.2 million. Derivative Financial Instruments The Company utilizes derivative financial instruments to hedge (i) foreign exchange risk associated with certain foreign currency denominated assets and liabilities and other foreign currency transactions, and (ii) interest rate risk associated with its long-term debt. The Company minimizes the credit risk associated with its derivative instruments by limiting the exposure to any single counterparty and by entering into derivative instruments only with counterparties that meet the Company’s minimum credit quality standard. Foreign Currency Forward Contracts As a result of foreign currency rate fluctuations, the U.S. dollar equivalent values of the Company’s foreign currency denominated assets and liabilities also fluctuate. The Company uses foreign currency contracts to manage the foreign exchange risk associated with certain foreign currency denominated assets and liabilities and other foreign currency transactions. The Company enters into foreign currency forward contracts to hedge fluctuations in the U.S. dollar value of forecasted transactions denominated in Thai baht and Canadian dollars. As of December 27, 2019, the Company had 117 outstanding U.S. dollars foreign currency forward contracts with an aggregate notional amount of $ million and two outstanding Canadia n dollars foreign currency forward contracts with an aggregate notional amo u f $ 0.4 and Canadian dollars loss $ million from changes in the fair value of foreign currency forward ( loss As of December 28, 2018, the Company had four 8.0 three 15.0 0.4 April 2019 2.6 Interest Rate Swap Agreements The Company entered into interest rate swap agreements to mitigate interest rate risk and improve the interest rate profile of the Company’s debt obligations. As of December 27, 2019, the Company had two On July 25, 2018, Fabrinet Thailand entered into an interest rate swap agreement to effectively convert the floating interest rate of its term loan under the Bank of America Credit Facility Agreement to a fixed interest rate of 2.86% per annum through the scheduled maturity of the term loan in June 2023 (see Note 1 4 On September 3, 2019, the Company entered into a new term loan agreement under a Credit Facility Agreement with the Bank of Ayudhya Public Company Limited (the “Bank”) (see Note 1 4 4 On September 27, 2019, the Company designated these two interest rate swaps as a cash flow hedge for the Company’s term loan under the Credit Facility Agreement with the Bank. The combination of these two interest rate swaps qualified for hedge accounting because the hedges are highly effective, and the Company has designated and documented contemporaneously the hedging relationships involving these interest rate swaps. While we intend to continue to meet the conditions for hedge accounting, if hedges do not qualify as highly effective, the changes in the fair value of the derivatives used as hedges would be reflected in our earnings. From September 27, 2019, any gains or losses related to these interest rate swaps will be recorded in accumulated other comprehensive income in the unaudited condensed consolidated balance sheets, with reclassified The following table provides a summary of the impacts of derivative gain (loss) of our cash flow hedges on the unaudited condensed consolidated statements of operations and other comprehensive income: Three Months Ended Six Months Ended (amount in thousands) Financial line item December 27, 2019 December 28, 2018 December 27, 2019 December 28, 2018 Derivatives gain (loss) recognized in other comprehensive income: Interest rate swaps Other comprehensive income $ 243 $ — $ 282 $ — Derivatives gain (loss) reclassified from other comprehensive income into earnings: Interest rate swaps Interest expense (432 ) — (432 ) — During the six months ended December 27, 2019, there was an amortization of the fair value of interest rate swaps as of hedge inception date in the amount of $ 0.4 As of December 27, 2019, the into earnings as Prior to September 27, 2019, these interest rate swaps were not designated as cash flow hedges. All changes in the fair value of these interest rate swaps w ere loss Fair Value The following table provides the fair values of our derivative financial instruments for the periods presented: December 27, 2019 June 28, 2019 (amount in thousands) Derivative Derivative Derivative Derivative Derivatives not designated as hedging instruments Foreign currency forward contracts $ 338 $ (13 ) $ 2,201 $ — Interest rate swaps — — — (2,591 ) Derivatives designated as hedging instruments Interest rate swaps — (3,980 ) — — Gross amounts of derivatives 338 (3,993 ) $ 2,201 $ (2,591 ) Gross amounts of derivatives offset in the balance sheet (13 ) 13 $ — $ — Net amounts of derivatives $ 325 $ (3,980 ) $ 2,201 $ (2,591 ) The Company presents its derivatives at gross fair values in the unaudited condensed consolidated ​​​​​​​balance sheets. However, the Company’s netting arrangements allow net settlements under certain conditions. Our derivative instruments are typically settled monthly or quarterly. The Company recorded the fair value of derivative financial instruments in the unaudited condensed consolidated ​​​​​​​balance sheets as follows: Derivative Financial Instruments Balance Sheet Line Item Fair Value of Derivative Assets Other current assets Fair Value of Derivative Liabilities Accrued expenses

Trade accounts receivable, net

Trade accounts receivable, net	6 Months Ended
	Dec. 27, 2019
Trade accounts receivable, net	7. Trade accounts receivable, net (amount in thousands) As of December 27, 2019 As of June 28, 2019 Trade accounts receivable $ 285,680 $ 260,698 Less: allowance for doubtful account (101 ) (96 ) Trade accounts receivable, net $ 285,579 $ 260,602

Inventories

Inventories	6 Months Ended
	Dec. 27, 2019
Inventories	8. Inventor ies (amount in thousands) As of December 27, 2019 As of June 28, 2019 Raw materials $ 126,599 $ 113,321 Work-in-progress 138,542 141,730 Finished goods 20,583 24,916 Goods in transit 8,656 13,645 Inventor ies $ 294,380 $ 293,612

Other receivable

Other receivable	6 Months Ended
	Dec. 27, 2019
Receivables [Abstract]
Other receivable	9. Other receivable On October 1, 2019, the Company provided funds in the amount of $ 24.3

Restricted cash

Restricted cash	6 Months Ended
	Dec. 27, 2019
Restricted cash	10 Restricted cash As of December 27, 2019 and June 28, 2019, the Company had two outstanding standby letters of credit in the aggregate amount

Leases

Leases	6 Months Ended
	Dec. 27, 2019
Leases	11. Leases The Company leases facilities under non-cancelable one Operating leases The Company determines if an arrangement contains a lease at inception. The Company applies the guidance in ASC 842 to determine whether a contract is, or contains, a lease. A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Operating leases are included in operating lease ROU assets and operating lease liabilities within the Company’s unaudited condensed consolidated balance sheets. The Company rents certain real estate under agreements that are classified as operating leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Variable lease payments are expensed as incurred and are not included within the ROU asset and lease liability calculation. Variable lease payments primarily include reimbursements of costs incurred by lessors for common area maintenance and utilities. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company does not account for lease components (e.g., fixed payments including rent) separately from the non-lease The following table shows the impact of adoption of ASC 842 on the adoption date of June 29, 2019 on the consolidated balance sheets: Consolidated Balance Sheets Impact of Adopting ASC 842 (amount in thousands) Balance at June 28, 2019 Adjustment Balance at Assets Operating lease ROU assets $ — $ 5,370 $ 5,370 Liabilities and Shareholders’ Equity Operating lease liabilities, current $ — $ 1,601 $ 1,601 Operating lease liabilities, non-current $ — $ 3,769 $ 3,769 As of December 27, 2019, the maturities of the Company’s operating lease liabilities were (amount in thousands) 2020 (remaining six months) $ 979 2021 2,140 2022 2,007 2023 1,896 2024 846 Thereafter 294 Total undiscounted lease payments 8,162 Less (611 ) Total present value of lease liabilities $ 7,551 (1) (1) Included current portion of operating lease liabilities of $1.8 million. Rental expense related to the Company’s operating leases is recognized on a straight-line basis over the lease term. Rental expense for long-term leases for the six months ended December 27, 2019 was $1.0 million. Rental expense for short-term leases for the six months ended December 27, 2019 was $40 thousand Capital leases In connection​​​​​​​ with the acquisition of Fabrinet UK, the Company assumed the capital lease commitments of several machines and equipment, with various expiration dates through September 2020 As of December 27, 2019, the Company had capital lease liabilities of $0.3 million, which were recorded under current liabilities in the unaudited condensed consolidated balance sheets. As of December 27, 2019, the future minimum lease payments under non-cancelable (amount in thousands) 2020 (remaining six months) $ 211 2021 105 Total minimum capital lease payments 316 Less: Future finance charge on capital leases (5 ) Present value of capital lease $ 311 Representing capital lease liabilities Current $ 311 Non-current — Total capital lease liabilities $ 311 As of December 27, 2019, the present ​​​​​​​value of capital leases during each fiscal year was as follows: (amount in thousands) 2020 (remaining six months) $ 206 2021 105 Present value of capital lease $ 311 The following summarizes additional information related to the Company’s operating leases and capital leases: As of December 27, 2019 Weighted-average remaining lease term (in years) Operating leases 4.0 Capital leases 0.8 Weighted-average discount rate Operating leases 3.8 % Capital leases 4.1 % The following information represents supplemental disclosure for the statement of cash flows related to operating and capital leases for the six months ended December 27, 2019: (amount in thousands) Six Months Ended December 27, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 1,024 Financing cash flows from capital leases $ 189 ROU assets obtained in exchange for lease liabilities $ 7,558 Capital lease assets $ 251

Intangibles

Intangibles	6 Months Ended
	Dec. 27, 2019
Intangibles	1 2 Intangibles The following tables present details of the Company’s intangibles: (amount in thousands) Gross Accumulated Foreign Net As of December 27, 2019 Software $ 7,319 $ (5,205 ) $ — $ 2,114 Customer relationships 4,373 (2,405 ) (44 ) 1,924 Backlog 119 (119 ) — — Total intangibles $ 11,811 $ (7,729 ) $ (44 ) $ 4,038 (amount in thousands) Gross Accumulated Foreign Net As of June 28, 2019 Software $ 6,582 $ (4,868 ) $ — $ 1,714 Customer relationships 4,373 (2,096 ) (104 ) 2,173 Backlog 119 (119 ) — — Total intangibles $ 11,074 $ (7,083 ) $ (104 ) $ 3,887 The Company recorded amortization expense relating to intangibles of $0.3 million and $0.3 million for the three months ended December 27, 2019 and December 28, 2018, respectively, and $0.6 million and $0.6 million for the six months ended December 27, 2019 and December 28, 2018, respectively. The weighted-average remaining life of customer relationships was: (years) As of December 27, 2019 As of June 28, 2019 Customer relationships 5.0 5.4 Based on the carrying amount of intangibles as of December 27, 2019, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows: (amount in thousands) 2020 (remaining six months) $ 646 2021 1,164 2022 921 2023 651 2024 419 Thereafter 237 Total $ 4,038

Goodwill

Goodwill	6 Months Ended
	Dec. 27, 2019
Goodwill	1 3 Goodwill The changes in the carrying amount of goodwill from the acquisition of Fabrinet UK were as follows: (amount in thousands) Goodwill Balance as of June 28, 2019 $ 3,705 Foreign currency translation adjustment 93 Balance as of December 27, 2019 $ 3,798 (amount in thousands) Goodwill Balance as of June 29, 2018 $ 3,828 Foreign currency translation adjustment (130 ) Balance as of December 28, 2018 $ 3,698 Goodwill is not deductible for tax purposes. Goodwill is reviewed annually for impairment or more frequently whenever changes or circumstances indicate the carrying amount of goodwill may not be recoverable.

Borrowings

Borrowings	6 Months Ended
	Dec. 27, 2019
Borrowings	1 4 Borrowings The Company’s total borrowings, including current and non-current ( amount in thousands ) Rate Conditions Maturity As of December 27, 2019 As of June 28, 2019 Long-term borrowings, current portion, net: Long-term borrowings, current portion $ 12,188 $ 3,250 Less: Unamortized debt issuance costs – current portion (32 ) — Long-term borrowings, current portion, net $ 12,156 3,250 Long-term borrowings, non-current Term loan borrowings: 1-month LIBOR +1.50% per annum (1) Repayable quarterly installments June 2023 $ — $ 60,938 3-month LIBOR +1.35% per annum (1) Repayable June 2024 57,891 — Less: Current portion (12,188 ) (3,250 ) Less: Unamortized debt issuance costs – non-current (111 ) — Long-term borrowings, non-current $ 45,592 $ 57,688 (1) We have entered into interest rate swaps that effectively fix a series of our future interest payments on our term loans. Refer to Note 6. The movements of long-term borrowings for the six months ended December 27, 2019 and December 28, 2018 were as follows: Six Months Ended (amount in thousands) December 27, 2019 December 28, 2018 Opening balance $ 60,938 $ 64,188 Borrowings during the period 60,938 — Repayments during the period (63,985 ) (813 ) Closing balance $ 57,891 $ 63,375 As of December 27, 2019, future maturities of long-term borrowings during each fiscal year were as follows: (amount in thousands) 2020 (remaining six months) $ 6,093 2021 12,188 2022 15,234 2023 12,188 2024 12,188 Total $ 57,891 Credit facility agreements: Bank of Ayudhya Public Company Limited On August 20, 2019, Fabrinet Thailand (the “Borrower”), and Bank of Ayudhya Public Company Limited ( the “ Bank ”) entered into a Credit Facility Agreement (the “Credit Facility Agreement”). The Credit Facility Agreement provides for a facility of 110.0 million Thai Baht (approximately $3.6 million based on the applicable exchange rate as of September 27, 2019) and $160.9 million which may be used for, among other things, an overdraft facility, short-term loans against promissory notes, a letter of guarantee facility, a term loan facility and foreign exchange facilities. The Bank may approve any request for extension of credit under the Credit Facility Agreement and may increase or decrease any facility amount in its sole discretion. Under the Credit Facility Agreement, on August 20, 2019, the Borrower and the Bank entered into a Term Loan Agreement pursuant to which the Borrower drew down on September 3, 2019 a term loan in the original principal amount of $60.9 million. The proceeds from the term loan, together with cash on hand, were used to repay outstanding obligations under the Company’s pre-existing The term loan accrues interest at 3-month LIBOR plus 1.35% and is repayable in quarterly installments of $ will re-borrowed. Any borrowings under the Credit Facility Agreement, including those borrowings under the Term Loan Agreement , The Term Loan Agreement contains affirmative and negative covenants applicable to the Borrower, including delivery of financial statements and other information, compliance with laws, maintenance of insurance, restrictions on granting security interests or liens on its assets, disposing of its assets, incurring indebtedness and making acquisitions. While the term loan is outstanding, the Borrower is required to maintain a loan to value of the mortgaged real property ratio of not greater than 65%. If the loan to value ratio is not maintained, the Borrower will be required to provide additional security or prepay a portion of the term loan in order to restore the required ratio. The Company is also required to maintain a debt service coverage ratio of at least 1.25 times and a debt to equity ratio less than or equal to 1.0 times. In the case of any payment of a dividend by the Company, its debt service coverage ratio must be at least 1.50 times. At December 27, 2019, the Company was in compliance with all of its covenants under the Term Loan Agreement. The events of default in the Term Loan Agreement include failure to pay amounts due under the Term Loan Agreement or the related finance documents when due, failure to comply with the covenants under the Term Loan Agreement or the related finance documents, cross default with other indebtedness of the Borrower, events of bankruptcy or insolvency in respect of the Borrower, and the occurrence of any event or series of events that in the opinion of the Bank has or is reasonably likely to have a material adverse effect. At December 27, 2019, there was $57.9 million outstanding under the term loan. Bank of America, N.A. On May 22, 2014, the Company and a From time to time, we amended the Bank of America Facility Agreement, before repaying all outstanding amounts under the agreement and terminating such agreement on September 10, 2019. The most recent amendment on June 4, 2018 (i) reduced the revolving commitments thereunder from $150.0 million to $25.0 million, (ii) refinanced the outstanding amounts under the revolving loan and term loan facilities into a $65.0 million term loan which was to be repaid in quarterly installments through the maturity date of June 4, 2023 , On September 10, 2019, the Company fully repaid $61.0 million in principal, accrued interest and other fees under the agreement. The early termination of this agreement did not trigger any early termination fees. At December 27, 2019, there were no amounts outstanding under the Bank of America Facility Agreement. At June 28, 2019, there was $60.9 million outstanding under the Bank of America Facility Agreement, related to the term loan.

Income taxes

Income taxes	6 Months Ended
	Dec. 27, 2019
Income taxes	1 5 Income taxes As of December 27, 2019 and June 28, 2019, the liability for uncertain tax positions including accrued interest and penalties was $1.2 million and $2.1 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 2013 to 2018 remain open to examination by U.S. federal and state, 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 Company’s effective tax rate for the three months ended December 27, 2019 and December 28, 2018 was 4.9 4.2 The Company’s effective tax rate for the six months ended December 27, 2019 and December 28, 2018 was 5.0 5.1

Share-based compensation

Share-based compensation	6 Months Ended
	Dec. 27, 2019
Share-based compensation	1 6 Share-based compensation Share-based compensation The grant date fair value of restricted share units and performance share units is based on the market value of our ordinary shares on the date of grant. The effect of recording share-based compensation expense for the three and six months ended December 27, 2019 and December 28, 2018 was as follows: Three Months Ended Six Months Ended (amount in thousands) December 27, December 28, December 27, 2019 December 28, 2018 Share-based compensation expense by type of award: Restricted share units 4,186 3,344 8,584 8,029 Performance share units 2,002 625 3,599 920 Total share-based compensation expense 6,188 3,969 12,183 8,949 Tax effect on share-based compensation expense — — — — Net effect on share-based compensation expense $ 6,188 $ 3,969 $ 12,183 $ 8,949 Share-based compensation expense was recorded in the unaudited condensed consolidated statements of operations and comprehensive income as follows: Three Months E Six Months Ended (amount in thousands) December 27, December 28, December 27, 2019 December 28, 2018 Cost of revenue $ 1,591 $ 1,300 $ 3,311 $ 3,147 Selling, general and administrative expense 4,597 2,669 8,872 5,802 Total share-based compensation expense $ 6,188 $ 3,969 $ 12,183 $ 8,949 The Company did not capitalize any share-based compensation expense as part of any asset costs during the three and six months ended December 27, 2019 and December 28, 2018. Share-based award activity On December 12, 2019, t Plan and are not subject to any awards thereunder. Upon termination of the 2010 Plan, 1,281,619 19,044 2,962,575 As of December 27, 2019, there were an aggregate of 801,150 436,304 No On November 2, 2017, the Company adopted the 2017 Inducement Equity Incentive Plan (the “2017 Inducement Plan”) with a reserve of 160,000 24,327 The 2010 Plan, 2017 Inducement Plan, and 2020 Plan are collectively referred to as the “Equity Incentive Plans.” Restricted share units and performance share units Restricted share units and performance share units have been granted under the 2010 Plan , , and the 2020 Plan . Restricted share units granted to employees generally vest in equal installments over three non-employee Performance share units granted to executives will vest, if at all, at the end of a two-year pre-defined non-GAAP of non- GAAP operating margin The following table summarizes restricted share unit activity under the Equity Incentive Plans: Number of Shares Weighted- Balance as of June 28, 2019 800,751 $ 42.48 Granted 331,900 $ 49.78 Issued (264,275 ) $ 39.60 Forfeited (23,855 ) $ 42.09 Balance as of December 27, 2019 844,521 $ 46.26 Number of Shares Weighted- Date Fair Value Per Share Balance as of June 29, 2018 1,073,580 $ 35.19 Granted 305,836 $ 48.33 Issued (393,142 ) $ 34.40 Forfeited (69,075 ) $ 38.53 Balance as of December 28, 2018 917,799 $ 39.65 The following table summarizes performance share unit activity under the Equity Incentive Plans: Number of Shares Weighted- Per Share Balance as of June 28, 2019 548,500 $ 40.97 Granted 238,474 $ 48.39 Issued — — Forfeited (350,670 ) $ 36.99 Balance as of December 27, 2019 436,304 $ 48.22 Number of Shares Weighted- Per Share Balance as of June 29, 2018 605,892 $ 38.41 Granted 201,994 $ 48.02 Issued (227,268 ) $ 40.48 Forfeited (27,954 ) $ 39.35 Balance as of December 28, 2018 552,664 $ 41.02 The fair value of restricted share units and performance share units is based on the market value of our ordinary shares on the date of grant. As of December 27, 2019, there was $18.3 million and $9.3 million of unrecognized share-based compensation expense related to restricted share units and performance share units, respectively, under the Equity Incentive Plans that is expected to be recorded over a weighted-average period of 2.7 years and 1.5 years, respectively. For the six months ended December 27, 2019 and December 28, 2018, the Company withheld an aggregate of 86,138 shares and 205,984 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 six months ended December 27, 2019 and December 28, 2018, the Company then remitted cash of $4.4 million and $9.1 million, respectively, to the appropriate taxing authorities, and presented it as a financing activity within the unaudited condensed consolidated statements of cash flows. The payment was recorded as a reduction of additional paid-in

Shareholders' equity

Shareholders' equity	6 Months Ended
	Dec. 27, 2019
Shareholders' equity	1 7 Shareholders’ equity Share capital The Company’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 and six months ended December 27, 2019, the Company issued 19,762 and 178,137 , respectively , upon the vesting of restricted share units, net of shares withheld . For the three and six months ended December 28, 2018, the Company issued 19,278 and ordinary shares, respectively, upon the vesting of restricted share units, net of shares withheld . All such issued shares are fully paid. Treasury shares In August 2017, the Company’s board of directors approved a share repurchase program to permit the Company to repurchase up to $ 30.0 30.0 50 the aggregate authorization to $110.0 million. During the three and six months ended December 27, 2019, no shares were repurchased under the program. As of December 27, 2019, the Company had a remaining authorization to purchase up to $62.2 million worth of its ordinary shares under the share repurchase program. Shares repurchased under the share repurchase program are held as treasury shar e

Accumulated other comprehensive

Accumulated other comprehensive income (loss) ("AOCI")	6 Months Ended
	Dec. 27, 2019
Accumulated other comprehensive income (loss)	1 8 Accumulated other comprehensive income (loss) (“AOCI”) The changes in AOCI for the six months ended December 27, 2019 and December 28, 2018 were as follows: (amount in thousands) Unrealized net (Losses)/Gains on Available-for-sale Unrealized net (Losses)/Gains Instruments Retirement Foreign Total Balance as of June 28, 2019 $ 952 $ 32 (2,537 ) $ (833 ) $ (2,386 ) Other comprehensive income before reclassification adjustment (126 ) (150 ) 184 247 155 Amounts reclassified out of AOCI to foreign exchange loss in the unaudited condensed consolidated statements of operations and comprehensive income 79 — — — 79 Tax effects — — — — — Other comprehensive income (loss) $ (47 ) $ (150 ) 184 $ 247 $ 234 Balance as of December 27, 2019 $ 905 $ (118 ) (2,353 ) $ (586 ) $ (2,152 ) (amount in thousands) Unrealized net (Losses)/Gains on Available-for-sale Unrealized net (Losses)/Gains Instruments Retirement Foreign Total Balance as of June 29, 2018 $ (1,091 ) $ 33 — $ (199 ) $ (1,257 ) Other comprehensive income before reclassification adjustment 1,947 — — (705 ) 1,242 Amounts reclassified out of AOCI to foreign exchange loss in the unaudited condensed consolidated statements of operations and comprehensive income (1,061 ) (1 ) — — (1,062 ) Tax effects — — — — — Other comprehensive income (loss) $ 886 $ (1 ) — $ (705 ) $ 180 Balance as of December 28, 2018 $ (205 ) $ 32 — $ (904 ) $ (1,077 )

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Dec. 27, 2019
Commitments and contingencies	1 9 Commitments and contingencies Letter of credit and Bank guarantees As of December 27, 2019 and June 28, 2019, in the aggregate amount and , respectively, As of December 27, 2019 and June 28, 2019, these standby letter s ere in the aggregate amount of $ 7.7 7.4 As of December 27, 2019 and June 28, 2019, there were outstanding bank guarantees given by a bank on behalf of our subsidiary in Thailand for electricity usage and other normal business amounting to $1.7 million and $1.6 million, respectively, and there were other bank guarantees given by a bank on behalf of our subsidiaries in China and the United Kingdom to support their operations of $0.1 million 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 December 27, 2019, the Company had an outstanding commitment to third parties of $10.1 million. 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	6 Months Ended
	Dec. 27, 2019
Business segments and geographic information	20 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 December 27, 2019, the Company operated and internally managed a single Total revenues are attributed to a particular geographic area based on the bill-to-location The following table presents total revenues by geographic​​​​​​​ region: Three Months Ended Six Months Ended (amount in thousands) December 27, December 28, December 27, 2019 December 28, 2018 North America $ 223,398 $ 182,698 $ 424,345 $ 362,524 Asia-Pacific 141,147 166,711 259,570 318,658 Europe 61,672 53,671 141,598 99,075 $ 426,217 $ 403,080 $ 825,513 $ 780,257 As of December 27, 2019 and December 28, 2018, the Company had approximately $30.0 million and $32.3 million, respectively, of long-lived assets based in North America, with the substantial remainder of assets based in Asia-Pacific and Europe. Significant customers The Company had three and two individually contributed 10% or more of its total trade accounts receivable as of December 27, 2019 and June 28, 2019, respectively.

Accounting policies (Policies)

Accounting policies (Policies)	6 Months Ended
	Dec. 27, 2019
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements for Fabrinet as of December 27, 2019 and for the three and six months ended December 27, 2019 and December 28, 2018 includes 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 the 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 The balance sheet as of June 28, 2019 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 and six months ended December 27, 2019 may not be indicative of results for the year ending June 26, 2020 or any future periods.
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited 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, inventory obsolescence, goodwill and valuation of intangible assets related to business acquisition, 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 be different from actual results, adjustments will be made in subsequent periods to reflect more current information.
Fiscal years	Fiscal years The Company utilizes a 52-53
Changes in Accounting Policies	Changes in Accounting Policies Except for the adoption of the new lease accounting standard and the derivatives and hedging standard described below, the Company has consistently applied the accounting policies to all periods presented in these unaudited condensed consolidated financial statements.
Adoption of New Accounting Standard	Adoption of New Accounting Standards On June 29, 2019, the Company adopted the new lease accounting standard, Accounting Standards Codification Topic 842 (“ASC 842”), which provides guidance for the recognition and disclosure of lease arrangements. The Company adopted ASC 842 using the modified retrospective transition approach. Accordingly, the Company’s comparative financial statements as of June 28, 2019 have not been adjusted. ASC 842 also provides practical expedients for the Company’s ongoing accounting. The Company elected the short-term lease recognition exemption for its operating leases with a term of less than 12 months, which will not require recognition of right of use (“ROU”) assets or lease liabilities for these leases. For periods prior to adoption of ASC 842, the Company is required to present disclosures in accordance with ASC Topic 840. F non-cancelable (amount in thousands) 2020 $ 1,746 2021 1,342 2022 1,219 2023 1,172 Thereafter 230 Total future minimum operating lease payments $ 5,709 The most significant impact of the adoption of ASC 842 was the recognition of ROU assets and lease liabilities for operating leases with a term of greater than 12 months, while the accounting for finance leases will remain substantially unchanged. See Note 10 for further details. On June 29, 2019, the Company also adopted Accounting Standards Update (“ASU”) 2017-12, 2017-12 2017-12, 2017-12,
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, short-term investments, derivatives, accounts receivable and contract assets. Cash, cash equivalents and short-term investments 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 short-term investments in marketable securities to securities with a maturity not in excess of three years and securities that are rated A1, P-1, The Company enters into derivative contracts with financial institutions with reputable credit and monitors the credit profiles of these counterparties. 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 December 2019, the Financial Accounting Standards Board (“FASB”) issued ASU 2019-12, . In May 2019, the 2019-05, . 2019-05 326-20 825-10 instrument-by-instrument held-to-maturity 820-10 825-10. is currently evaluating the i mpact of the adoption of o n its condensed consolidated financial statements. In April 2019, the 2019-04, 2019-04 In August 2018, the FASB issued ASU 2018-13, 2018-13 In January 2017, the FASB issued ASU 2017-04, 2017-04

Accounting policies (Tables)

Accounting policies (Tables)	6 Months Ended
	Dec. 27, 2019
Future Minimum Lease Payments Due Under Non-Cancelable Operating Leases	F non-cancelable (amount in thousands) 2020 $ 1,746 2021 1,342 2022 1,219 2023 1,172 Thereafter 230 Total future minimum operating lease payments $ 5,709

Revenues from contracts with _2

Revenues from contracts with customers (Tables)	6 Months Ended
	Dec. 27, 2019
Schedule of Activity in the Company's Contract Assets	The following tables summarize the activity in the Company’s contract assets and contract liabilities during the six s (amount in thousands) Contract Assets Beginning balance, June 28, 2019 $ 12,447 Revenue recognized 39,093 Amounts collected or invoiced (40,426 ) Ending balance, December 27, 2019 $ 11,114 (amount in thousands) Contract Beginning balance, June 28, 2019 $ 2,239 A 3,336 Revenue recognized (3,215 ) Ending balance, December 27, 2019 $ 2,360
Disaggregation of Revenue by Geographical Regions	The following table s (amount in thousands, except percentages) Three Months December 27, 2019 As a % of Total Six Months December 27, 2019 As a % of Total North America $ 223,398 52.4 % $ 424,345 51.4 % Asia-Pacific 141,147 33.1 259,570 31.4 Europe 61,672 14.5 141,598 17.2 Total $ 426,217 100.0 % $ 825,513 100.0 % (amount in thousands, except percentages) Three Months December 28, 2018 As a % of Total Six Months December 28, 2018 As a % of Total North America $ 182,698 45.3 % $ 362,524 46.5 % Asia-Pacific 166,711 41.4 318,658 40.8 Europe 53,671 13.3 99,075 12.7 Total $ 403,080 100.0 % $ 780,257 100.0 %
Revenues by End Market	The following table s : (amount in thousands, except percentages) Three Months December 27, 2019 As a % of Total Six Months December 27, 2019 As a % of Total Optical communications $ 322,068 75.6 % $ 624,447 75.6 % Lasers, sensors and other 104,149 24.4 201,066 24.4 Total $ 426,217 100.0 % $ 825,513 100.0 % (amount in thousands, except percentages) Three Months December 28, 2018 As a % of Total Six Months December 28, 2018 As a % of Total Optical communications $ 305,547 75.8 % $ 586,315 75.1 % Lasers, sensors and other 97,533 24.2 193,942 24.9 Total $ 403,080 100.0 % $ 780,257 100.0 %

Earnings per ordinary share (Ta

Earnings per ordinary share (Tables)	6 Months Ended
	Dec. 27, 2019
Earnings Per Ordinary Share	Earnings per ordinary share was calculated as follows: Three Months Ended Six Months Ended (amount in thousands except per share amounts) December 27, December 28, December 27, 2019 December 28, 2018 Net income attributable to shareholders $ 31,231 $ 31,513 $ 57,188 $ 59,363 Weighted-average number of ordinary shares outstanding (thousands of shares) 37,011 36,841 36,962 36,733 Incremental shares arising from the assumed vesting of restricted share units and performance share units (thousands of shares) 752 630 684 572 Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares) 37,763 37,471 37,646 37,305 Basic earnings per ordinary share $ 0.84 $ 0.86 $ 1.55 $ 1.62 Diluted earnings per ordinary share $ 0.83 $ 0.84 $ 1.52 $ 1.59 Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares) (1) 50 401 50 401 (1) These performance share units were not included in the computation of diluted earnings per ordinary share because they are not expected to vest based on the Company’s current assessment of the related performance obligations.

Cash, Cash Equivalents and Sh_2

Cash, Cash Equivalents and Short-Term Investments (Tables)	6 Months Ended
	Dec. 27, 2019
Cash, Cash Equivalents, and Short-Term Investments	The Company’s cash, cash equivalents, and short-term investments can be analyzed as follows: Fair Value (amount in thousands) Carrying Cost Unrealized Cash and Marketable Other As of December 27, 2019 Cash $ 217,721 $ — $ 217,721 $ — $ — Cash equivalents 2,310 — 2,310 — — Liquidity funds 20,837 — — — 20,837 Certificates of deposit and time deposits 20,000 — — — 20,000 Corporate bonds and commercial papers 102,735 261 — 102,996 — U.S. agency and U.S. T 78,840 132 — 78,972 — Total $ 442,443 $ 393 $ 220,031 $ 181,968 $ 40,837 As of June 28, 2019 Cash $ 178,019 $ — $ 178,019 $ — $ — Cash equivalents 2,820 — 2,820 — — Liquidity funds 20,552 — — — 20,552 Certificates of deposit and time deposits 35,028 — — — 35,028 Corporate bonds and commercial papers 130,959 297 — 131,256 — U.S. agency and U.S. T 69,552 105 — 69,657 — Total $ 436,930 $ 402 $ 180,839 $ 200,913 $ 55,580
Available-for-Sale Securities Based on Stated Effective Maturities	The following table summarizes the cost and estimated fair value of short-term investments classified as available-for-sale December 27, 2019 June 2 8 9 (amount in thousands) Carrying Cost Fair Value Carrying Cost Fair Value Due within one year $ 51,938 $ 51,971 $ 69,746 $ 69,830 Due between one to five years 129,637 129,997 130,765 131,083 Total $ 181,575 $ 181,968 $ 200,511 $ 200,913

Fair value of financial instr_2

Fair value of financial instruments (Tables)	6 Months Ended
	Dec. 27, 2019
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 (amount in thousands) Level 1 Level 2 Level 3 Total As of December 27, 2019 Assets Cash equivalents $ — $ 2,310 $ — $ 2,310 Liquidity funds — 20,837 — 20,837 Certificates of deposit and time deposits — 20,000 — 20,000 Corporate bonds and commercial papers — 102,996 — 102,996 U.S. agency and U.S. T — 78,972 — 78,972 Derivative assets — 325 (1) — 325 Total $ — $ 225,440 $ — $ 225,440 Liabilities Derivative liabilities $ — $ 3,980 (2) $ — $ 3,980 Total $ — $ 3,980 $ — $ 3,980 Fair Value Measurements at Reporting Date Using (amount in thousands) Level 1 Level 2 Level 3 Total As of June 28, 2019 Assets Cash equivalents $ — $ 2,820 $ — $ 2,820 Liquidity funds — 20,552 — 20,552 Certificates of deposit and time deposits — 35,028 — 35,028 Corporate bonds and commercial papers — 131,256 — 131,256 U.S. agency and U.S. T — 69,657 — 69,657 Derivative assets — 2,201 (3) — 2,201 Total $ — $ 261,514 $ — $ 261,514 Liabilities Derivative liabilities $ — $ 2,591 (4) $ — $ 2,591 Total $ — $ 2,591 $ — $ 2,591 (1) Foreign currency forward contracts with a notional amount of $126.0 million and Canadian dollars 0.4 (2) Two interest rate swap agreements with an aggregate notional amount of (3) Foreign currency forward contracts with notional amount of $72.0 million and Canadian dollars 0.6 million. (4) Interest rate swap agreement with a notional amount of $64.2 million.
Schedule Impacts of Derivative Gain (Loss) of Cash Flow Hedges	Three Months Ended Six Months Ended (amount in thousands) Financial line item December 27, 2019 December 28, 2018 December 27, 2019 December 28, 2018 Derivatives gain (loss) recognized in other comprehensive income: Interest rate swaps Other comprehensive income $ 243 $ — $ 282 $ — Derivatives gain (loss) reclassified from other comprehensive income into earnings: Interest rate swaps Interest expense (432 ) — (432 ) —
Schedule of Derivative Financial Instruments	The following table provides the fair values of our derivative financial instruments for the periods presented: December 27, 2019 June 28, 2019 (amount in thousands) Derivative Derivative Derivative Derivative Derivatives not designated as hedging instruments Foreign currency forward contracts $ 338 $ (13 ) $ 2,201 $ — Interest rate swaps — — — (2,591 ) Derivatives designated as hedging instruments Interest rate swaps — (3,980 ) — — Gross amounts of derivatives 338 (3,993 ) $ 2,201 $ (2,591 ) Gross amounts of derivatives offset in the balance sheet (13 ) 13 $ — $ — Net amounts of derivatives $ 325 $ (3,980 ) $ 2,201 $ (2,591 )

Trade accounts receivable, net

Trade accounts receivable, net (Tables)	6 Months Ended
	Dec. 27, 2019
Trade Accounts Receivable, Net	(amount in thousands) As of December 27, 2019 As of June 28, 2019 Trade accounts receivable $ 285,680 $ 260,698 Less: allowance for doubtful account (101 ) (96 ) Trade accounts receivable, net $ 285,579 $ 260,602

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Dec. 27, 2019
Inventories	(amount in thousands) As of December 27, 2019 As of June 28, 2019 Raw materials $ 126,599 $ 113,321 Work-in-progress 138,542 141,730 Finished goods 20,583 24,916 Goods in transit 8,656 13,645 Inventor ies $ 294,380 $ 293,612

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 27, 2019
Schedule Of Adoption Of Topic 842 On Operating Lease In Consolidate Financial Position	Operating leases The Company determines if an arrangement contains a lease at inception. The Company applies the guidance in ASC 842 to determine whether a contract is, or contains, a lease. A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Operating leases are included in operating lease ROU assets and operating lease liabilities within the Company’s unaudited condensed consolidated balance sheets. The Company rents certain real estate under agreements that are classified as operating leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Variable lease payments are expensed as incurred and are not included within the ROU asset and lease liability calculation. Variable lease payments primarily include reimbursements of costs incurred by lessors for common area maintenance and utilities. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company does not account for lease components (e.g., fixed payments including rent) separately from the non-lease The following table shows the impact of adoption of ASC 842 on the adoption date of June 29, 2019 on the consolidated balance sheets: Consolidated Balance Sheets Impact of Adopting ASC 842 (amount in thousands) Balance at June 28, 2019 Adjustment Balance at Assets Operating lease ROU assets $ — $ 5,370 $ 5,370 Liabilities and Shareholders’ Equity Operating lease liabilities, current $ — $ 1,601 $ 1,601 Operating lease liabilities, non-current $ — $ 3,769 $ 3,769
Schedule of operating lease liabilities	As of December 27, 2019, the maturities of the Company’s operating lease liabilities were (amount in thousands) 2020 (remaining six months) $ 979 2021 2,140 2022 2,007 2023 1,896 2024 846 Thereafter 294 Total undiscounted lease payments 8,162 Less (611 ) Total present value of lease liabilities $ 7,551 (1) (1) Included current portion of operating lease liabilities of $1.8 million.
Summary of additional information related to operating and finance lease	As of December 27, 2019, the future minimum lease payments under non-cancelable (amount in thousands) 2020 (remaining six months) $ 211 2021 105 Total minimum capital lease payments 316 Less: Future finance charge on capital leases (5 ) Present value of capital lease $ 311 Representing capital lease liabilities Current $ 311 Non-current — Total capital lease liabilities $ 311 As of December 27, 2019, the present ​​​​​​​value of capital leases during each fiscal year was as follows: (amount in thousands) 2020 (remaining six months) $ 206 2021 105 Present value of capital lease $ 311 The following summarizes additional information related to the Company’s operating leases and capital leases: As of December 27, 2019 Weighted-average remaining lease term (in years) Operating leases 4.0 Capital leases 0.8 Weighted-average discount rate Operating leases 3.8 % Capital leases 4.1 %
Schedule of supplemental cash flow information related to operating lease	The following information represents supplemental disclosure for the statement of cash flows related to operating and capital leases for the six months ended December 27, 2019: (amount in thousands) Six Months Ended December 27, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 1,024 Financing cash flows from capital leases $ 189 ROU assets obtained in exchange for lease liabilities $ 7,558 Capital lease assets $ 251

Intangibles (Tables)

Intangibles (Tables)	6 Months Ended
	Dec. 27, 2019
Intangibles	The following tables present details of the Company’s intangibles: (amount in thousands) Gross Accumulated Foreign Net As of December 27, 2019 Software $ 7,319 $ (5,205 ) $ — $ 2,114 Customer relationships 4,373 (2,405 ) (44 ) 1,924 Backlog 119 (119 ) — — Total intangibles $ 11,811 $ (7,729 ) $ (44 ) $ 4,038 (amount in thousands) Gross Accumulated Foreign Net As of June 28, 2019 Software $ 6,582 $ (4,868 ) $ — $ 1,714 Customer relationships 4,373 (2,096 ) (104 ) 2,173 Backlog 119 (119 ) — — Total intangibles $ 11,074 $ (7,083 ) $ (104 ) $ 3,887
Weighted-Average Remaining Life of Intangible Assets	The weighted-average remaining life of customer relationships was: (years) As of December 27, 2019 As of June 28, 2019 Customer relationships 5.0 5.4
Estimated Future Amortization of intangibles	Based on the carrying amount of intangibles as of December 27, 2019, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows: (amount in thousands) 2020 (remaining six months) $ 646 2021 1,164 2022 921 2023 651 2024 419 Thereafter 237 Total $ 4,038

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Dec. 27, 2019
Changes in Carrying Amount of Goodwill from Acquisition	The changes in the carrying amount of goodwill from the acquisition of Fabrinet UK were as follows: (amount in thousands) Goodwill Balance as of June 28, 2019 $ 3,705 Foreign currency translation adjustment 93 Balance as of December 27, 2019 $ 3,798 (amount in thousands) Goodwill Balance as of June 29, 2018 $ 3,828 Foreign currency translation adjustment (130 ) Balance as of December 28, 2018 $ 3,698

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Dec. 27, 2019
Total Borrowings, Including Revolving and Long-Term Borrowings	The Company’s total borrowings, including current and non-current ( amount in thousands ) Rate Conditions Maturity As of December 27, 2019 As of June 28, 2019 Long-term borrowings, current portion, net: Long-term borrowings, current portion $ 12,188 $ 3,250 Less: Unamortized debt issuance costs – current portion (32 ) — Long-term borrowings, current portion, net $ 12,156 3,250 Long-term borrowings, non-current Term loan borrowings: 1-month LIBOR +1.50% per annum (1) Repayable quarterly installments June 2023 $ — $ 60,938 3-month LIBOR +1.35% per annum (1) Repayable June 2024 57,891 — Less: Current portion (12,188 ) (3,250 ) Less: Unamortized debt issuance costs – non-current (111 ) — Long-term borrowings, non-current $ 45,592 $ 57,688 (1) We have entered into interest rate swaps that effectively fix a series of our future interest payments on our term loans. Refer to Note 6.
Movements of Long-Term Loans	The movements of long-term borrowings for the six months ended December 27, 2019 and December 28, 2018 were as follows: Six Months Ended (amount in thousands) December 27, 2019 December 28, 2018 Opening balance $ 60,938 $ 64,188 Borrowings during the period 60,938 — Repayments during the period (63,985 ) (813 ) Closing balance $ 57,891 $ 63,375
Future Maturities of Long-Term Debt	As of December 27, 2019, future maturities of long-term borrowings during each fiscal year were as follows: (amount in thousands) 2020 (remaining six months) $ 6,093 2021 12,188 2022 15,234 2023 12,188 2024 12,188 Total $ 57,891

Share-based compensation (Table

Share-based compensation (Tables)	6 Months Ended
	Dec. 27, 2019
Effect of Recording Share-Based Compensation Expense	The effect of recording share-based compensation expense for the three and six months ended December 27, 2019 and December 28, 2018 was as follows: Three Months Ended Six Months Ended (amount in thousands) December 27, December 28, December 27, 2019 December 28, 2018 Share-based compensation expense by type of award: Restricted share units 4,186 3,344 8,584 8,029 Performance share units 2,002 625 3,599 920 Total share-based compensation expense 6,188 3,969 12,183 8,949 Tax effect on share-based compensation expense — — — — Net effect on share-based compensation expense $ 6,188 $ 3,969 $ 12,183 $ 8,949
Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income	Share-based compensation expense was recorded in the unaudited condensed consolidated statements of operations and comprehensive income as follows: Three Months E Six Months Ended (amount in thousands) December 27, December 28, December 27, 2019 December 28, 2018 Cost of revenue $ 1,591 $ 1,300 $ 3,311 $ 3,147 Selling, general and administrative expense 4,597 2,669 8,872 5,802 Total share-based compensation expense $ 6,188 $ 3,969 $ 12,183 $ 8,949
Restricted Share Unit Activity	The following table summarizes restricted share unit activity under the Equity Incentive Plans: Number of Shares Weighted- Balance as of June 28, 2019 800,751 $ 42.48 Granted 331,900 $ 49.78 Issued (264,275 ) $ 39.60 Forfeited (23,855 ) $ 42.09 Balance as of December 27, 2019 844,521 $ 46.26 Number of Shares Weighted- Date Fair Value Per Share Balance as of June 29, 2018 1,073,580 $ 35.19 Granted 305,836 $ 48.33 Issued (393,142 ) $ 34.40 Forfeited (69,075 ) $ 38.53 Balance as of December 28, 2018 917,799 $ 39.65
Performance Share Unit Activity	The following table summarizes performance share unit activity under the Equity Incentive Plans: Number of Shares Weighted- Per Share Balance as of June 28, 2019 548,500 $ 40.97 Granted 238,474 $ 48.39 Issued — — Forfeited (350,670 ) $ 36.99 Balance as of December 27, 2019 436,304 $ 48.22 Number of Shares Weighted- Per Share Balance as of June 29, 2018 605,892 $ 38.41 Granted 201,994 $ 48.02 Issued (227,268 ) $ 40.48 Forfeited (27,954 ) $ 39.35 Balance as of December 28, 2018 552,664 $ 41.02

Accumulated other comprehensi_2

Accumulated other comprehensive income (loss) ("AOCI") (Tables)	6 Months Ended
	Dec. 27, 2019
Changes in AOCI, Net of Tax	The changes in AOCI for the six months ended December 27, 2019 and December 28, 2018 were as follows: (amount in thousands) Unrealized net (Losses)/Gains on Available-for-sale Unrealized net (Losses)/Gains Instruments Retirement Foreign Total Balance as of June 28, 2019 $ 952 $ 32 (2,537 ) $ (833 ) $ (2,386 ) Other comprehensive income before reclassification adjustment (126 ) (150 ) 184 247 155 Amounts reclassified out of AOCI to foreign exchange loss in the unaudited condensed consolidated statements of operations and comprehensive income 79 — — — 79 Tax effects — — — — — Other comprehensive income (loss) $ (47 ) $ (150 ) 184 $ 247 $ 234 Balance as of December 27, 2019 $ 905 $ (118 ) (2,353 ) $ (586 ) $ (2,152 ) (amount in thousands) Unrealized net (Losses)/Gains on Available-for-sale Unrealized net (Losses)/Gains Instruments Retirement Foreign Total Balance as of June 29, 2018 $ (1,091 ) $ 33 — $ (199 ) $ (1,257 ) Other comprehensive income before reclassification adjustment 1,947 — — (705 ) 1,242 Amounts reclassified out of AOCI to foreign exchange loss in the unaudited condensed consolidated statements of operations and comprehensive income (1,061 ) (1 ) — — (1,062 ) Tax effects — — — — — Other comprehensive income (loss) $ 886 $ (1 ) — $ (705 ) $ 180 Balance as of December 28, 2018 $ (205 ) $ 32 — $ (904 ) $ (1,077 )

Business segments and geograp_2

Business segments and geographic information (Tables)	6 Months Ended
	Dec. 27, 2019
Total Revenues by Geographic Regions	The following table presents total revenues by geographic​​​​​​​ region: Three Months Ended Six Months Ended (amount in thousands) December 27, December 28, December 27, 2019 December 28, 2018 North America $ 223,398 $ 182,698 $ 424,345 $ 362,524 Asia-Pacific 141,147 166,711 259,570 318,658 Europe 61,672 53,671 141,598 99,075 $ 426,217 $ 403,080 $ 825,513 $ 780,257

Accounting policies - Schedule

Accounting policies - Schedule Of Future Minimum Rental Payments For Operating Leases (Detail) $ in Thousands	Jun. 28, 2019USD ($)
Accounting Policies [Abstract]
2020	$ 1,746
2021	1,342
2022	1,219
2023	1,172
Thereafter	230
Total future minimum operating lease payments	$ 5,709

Revenues from contracts with _3

Revenues from contracts with customers - Additional Information (Detail) $ in Thousands	6 Months Ended
	Dec. 27, 2019USD ($)
Revenue From Contract With Customers [Line Items]
Product warranty, description	The Company generally provides a warranty of between one to five years
Incremental cost	$ 0
Minimum
Revenue From Contract With Customers [Line Items]
Product warranty term	1 year
Maximum
Revenue From Contract With Customers [Line Items]
Product warranty term	5 years

Schedule of Activity in the Com

Schedule of Activity in the Company's Contract Assets and Contract Liabilities (Detail) $ in Thousands	6 Months Ended
	Dec. 27, 2019USD ($)
Contract Assets
Beginning balance, June 28, 2019	$ 12,447
Revenue recognized	39,093
Amounts collected or invoiced	(40,426)
Ending balance, December 27, 2019	11,114
Contract Liabilities
Beginning balance, June 28, 2019	2,239
Advance payment received during the period	3,336
Revenue recognized	(3,215)
Ending balance, December 27, 2019	$ 2,360

Disaggregation of Revenue by Ge

Disaggregation of Revenue by Geographical Regions (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Revenues	$ 426,217	$ 403,080	$ 825,513	$ 780,257
Revenues, percentage	100.00%	100.00%	100.00%	100.00%
North America
Revenues	$ 223,398	$ 182,698	$ 424,345	$ 362,524
Revenues, percentage	52.40%	45.30%	51.40%	46.50%
Asia-Pacific
Revenues	$ 141,147	$ 166,711	$ 259,570	$ 318,658
Revenues, percentage	33.10%	41.40%	31.40%	40.80%
Europe
Revenues	$ 61,672	$ 53,671	$ 141,598	$ 99,075
Revenues, percentage	14.50%	13.30%	17.20%	12.70%

Revenues - Revenues by End Mark

Revenues - Revenues by End Market (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Revenue from External Customer [Line Items]
Revenues	$ 426,217	$ 403,080	$ 825,513	$ 780,257
Revenues, percentage	100.00%	100.00%	100.00%	100.00%
Optical communications
Revenue from External Customer [Line Items]
Revenues	$ 322,068	$ 305,547	$ 624,447	$ 586,315
Revenues, percentage	75.60%	75.80%	75.60%	75.10%
Lasers, sensors, and other
Revenue from External Customer [Line Items]
Revenues	$ 104,149	$ 97,533	$ 201,066	$ 193,942
Revenues, percentage	24.40%	24.20%	24.40%	24.90%

Earnings Per Ordinary Share (De

Earnings Per Ordinary Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income attributable to shareholders		$ 31,231	$ 31,513	$ 57,188	$ 59,363
Weighted-average number of ordinary shares outstanding (thousands of shares)		37,011	36,841	36,962	36,733
Incremental shares arising from the assumed vesting of restricted share units and performance share units (thousands of shares)		752	630	684	572
Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)		37,763	37,471	37,646	37,305
Basic earnings per ordinary share		$ 0.84	$ 0.86	$ 1.55	$ 1.62
Diluted earnings per ordinary share		$ 0.83	$ 0.84	$ 1.52	$ 1.59
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares)	[1]	50	401	50	401
[1]	These performance share units were not included in the computation of diluted earnings per ordinary share because they are not expected to vest based on the Company’s current assessment of the related performance obligations.

Earnings Per Ordinary Share - A

Earnings Per Ordinary Share - Additional Information (Detail)	6 Months Ended
	Dec. 27, 2019shares
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	0

Cash, Cash Equivalents and Sh_3

Cash, Cash Equivalents and Short-Term Investments (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019	Dec. 28, 2018
Cash, cash equivalents and marketable securities [Line Items]
Cash and cash equivalents and Marketable securities, Carrying Cost	$ 442,443	$ 436,930
Marketable securities, Unrealized Gain/(Loss)	393	402
Cash and cash equivalents	220,031	180,839	$ 230,996
Marketable securities	181,968	200,913
Other Investments	40,837	55,580
Certificates of deposit and time deposits
Cash, cash equivalents and marketable securities [Line Items]
Marketable securities, Carrying cost	20,000	35,028
Other Investments	20,000	35,028
Cash
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	217,721	178,019
Cash and cash equivalents	217,721	178,019
Cash Equivalents
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	2,310	2,820
Cash and cash equivalents	2,310	2,820
Liquidity funds
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	20,837	20,552
Other Investments	20,837	20,552
Corporate bonds and commercial papers
Cash, cash equivalents and marketable securities [Line Items]
Marketable securities, Carrying cost	102,735	130,959
Marketable securities, Unrealized Gain/(Loss)	261	297
Marketable securities	102,996	131,256
U.S. agency and U.S. Treasury securities
Cash, cash equivalents and marketable securities [Line Items]
Marketable securities, Carrying cost	78,840	69,552
Marketable securities, Unrealized Gain/(Loss)	132	105
Marketable securities	$ 78,972	$ 69,657

Available-for-Sale Securities B

Available-for-Sale Securities Based on Stated Effective Maturities (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019
Investments Classified by Contractual Maturity Date [Line Items]
Total	$ 181,968	$ 200,913
Fair Value
Investments Classified by Contractual Maturity Date [Line Items]
Due within one year	51,971	69,830
Due between one to five years	129,997	131,083
Total	181,968	200,913
Carrying Cost
Investments Classified by Contractual Maturity Date [Line Items]
Due within one year	51,938	69,746
Due between one to five years	129,637	130,765
Total	$ 181,575	$ 200,511

Cash, Cash Equivalents and Sh_4

Cash, Cash Equivalents and Short-Term Investments - Additional Information (Detail) $ in Thousands	6 Months Ended
	Dec. 27, 2019USD ($)
Cash, cash equivalents and marketable securities [Line Items]
Gain from sales and maturities of available-for-sale securities	$ 79
Impairment losses	$ 0
Minimum
Cash, cash equivalents and marketable securities [Line Items]
Maturities period of marketable securities	3 months
Maximum
Cash, cash equivalents and marketable securities [Line Items]
Maturities period of marketable securities	3 years

Fair Value on Recurring Basis (

Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Dec. 27, 2019		Jun. 28, 2019
Assets
Derivative assets	$ 325		$ 2,201
Total	225,440		261,514
Liabilities
Derivative liabilities	3,980		2,591
Total	3,980		2,591
Certificates of deposit and time deposits
Assets
Marketable securities	20,000		35,028
Cash Equivalents
Assets
Marketable securities	2,310		2,820
Corporate bonds and commercial papers
Assets
Marketable securities	102,996		131,256
U.S. agency and U.S. Treasury securities
Assets
Marketable securities	78,972		69,657
Liquidity funds
Assets
Marketable securities	20,837		20,552
Significant Other Observable Inputs (Level 2)
Assets
Derivative assets	325	[1]	2,201	[2]
Total	225,440		261,514
Liabilities
Derivative liabilities	3,980	[3]	2,591	[4]
Total	3,980		2,591
Significant Other Observable Inputs (Level 2) | Certificates of deposit and time deposits
Assets
Marketable securities	20,000		35,028
Significant Other Observable Inputs (Level 2) | Cash Equivalents
Assets
Marketable securities	2,310		2,820
Significant Other Observable Inputs (Level 2) | Corporate bonds and commercial papers
Assets
Marketable securities	102,996		131,256
Significant Other Observable Inputs (Level 2) | U.S. agency and U.S. Treasury securities
Assets
Marketable securities	78,972		69,657
Significant Other Observable Inputs (Level 2) | Liquidity funds
Assets
Marketable securities	$ 20,837		$ 20,552
[1]	Foreign currency forward contracts with a notional amount of $126.0 million.
[2]	Foreign currency forward contracts with notional amount of $72.0 million and Canadian dollars 0.6 million.
[3]	Interest rate swap agreement with an aggregate notional amount of $57.9 million.
[4]	Interest rate swap agreement with a notional amount of $64.2 million.

Fair Value on Recurring Basis_2

Fair Value on Recurring Basis (Parenthetical) (Detail) - Fair Value, Measurements, Recurring $ in Millions, $ in Millions	Dec. 27, 2019USD ($)	Dec. 27, 2019CAD ($)	Jun. 28, 2019USD ($)	Jun. 28, 2019CAD ($)
Foreign currency forward contracts
Fair Value Measurements at Reporting Date Using
Derivative assets, notional amount	$ 126	$ 0.4	$ 72	$ 0.6
Interest rate swap
Fair Value Measurements at Reporting Date Using
Derivative liabilities, notional amount	$ 125.1		$ 64.2

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) shares in Millions, $ in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Dec. 28, 2018USD ($)Contractshares	Dec. 27, 2019USD ($)Contract	Dec. 28, 2018USD ($)Contractshares	Dec. 27, 2019CAD ($)Contract	Sep. 03, 2019	Dec. 28, 2018CAD ($)Contractshares
Foreign Currency Fair Value Hedge Derivative [Line Items]
Number of forward contracts outstanding | Contract		2		2
Derivative notional amount		$ 125.1
Derivative maturity period	2019-04	2023-06
Amortization of fairvalue of interest rate swap amount due as hedge		$ 0.4
Foreign currency forward contracts
Foreign Currency Fair Value Hedge Derivative [Line Items]
Number of forward contracts outstanding | Contract	4		4			4
Derivative notional amount	$ 8		$ 8
Unrealized gain (loss) on derivatives	$ 2.6	$ (1.9)
Foreign currency forward contracts | Non designated
Foreign Currency Fair Value Hedge Derivative [Line Items]
Number of forward contracts outstanding | Contract		117		117
Derivative notional amount		$ 126
Foreign currency option contracts
Foreign Currency Fair Value Hedge Derivative [Line Items]
Number of forward contracts outstanding | Contract	3		3			3
Derivative notional amount	$ 15		$ 15
Interest rate swaps
Foreign Currency Fair Value Hedge Derivative [Line Items]
Number of Interest Rate Swaps | shares	64.2		64.2			64.2
Gains or losses from accumulated other comprehensive income expected to be reclassified		$ 0.7
Interest rate swaps | Bank of ayudhya public company | Bank of america credit facility
Foreign Currency Fair Value Hedge Derivative [Line Items]
Derivative maturity period		2024-06
Long term Debt Fixed Interest Percentage					4.36%
Interest rate swaps | Non designated
Foreign Currency Fair Value Hedge Derivative [Line Items]
Unrealized gain (loss) on derivatives		$ (1.7)	$ (0.8)
Canadian dollars forward contract
Foreign Currency Fair Value Hedge Derivative [Line Items]
Derivative notional amount				$ 0.4		$ 0.4

Fair Value - Schedule Impacts o

Fair Value - Schedule Impacts of Derivative Gain (Loss) of Cash Flow Hedges (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 27, 2019	Dec. 27, 2019
Other Comprehensive Income (Loss) [Member]
Derivatives gain (loss) recognized in other comprehensive income:
Interest rate swaps	$ 243	$ 282
Interest Expense [Member]
Derivatives gain(loss) reclassified from other comprehensive income into earnings:
Interest rate swaps	$ (432)	$ (432)

Fair Value - Schedule of Deriva

Fair Value - Schedule of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019
Derivatives designates as hedging instruments:
Gross amounts of derivatives (Derivative Assets)	$ 338	$ 2,201
Gross amounts of derivatives offset in the balance sheet (Derivative Assets)	(13)
Net amounts of derivatives (Derivative Assets)	325	2,201
Gross amounts of derivatives (Derivative Liabilities)	(3,993)	(2,591)
Gross amounts of derivatives offset in the balance sheet (Derivative Liabilities)	13
Net amounts of derivatives (Derivative Liabilities)	(3,980)	(2,591)
Foreign currency forward contracts
Derivatives not designated as hedging instruments
Derivative Assets	338	2,201
Derivative Liabilities	(13)
Interest rate swaps
Derivatives not designated as hedging instruments
Derivative Liabilities		$ (2,591)
Derivatives designates as hedging instruments:
Derivative Liabilities	$ (3,980)

Trade Accounts Receivable, Ne_2

Trade Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 285,680	$ 260,698
Less: Allowance for doubtful account	(101)	(96)
Trade accounts receivable, net	$ 285,579	$ 260,602

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019
Inventory [Line Items]
Raw materials	$ 126,599	$ 113,321
Work in progress	138,542	141,730
Finished goods	20,583	24,916
Goods in transit	8,656	13,645
Inventories	$ 294,380	$ 293,612

Other receivable - Additional I

Other receivable - Additional Information (Detail) $ in Thousands	6 Months Ended
	Dec. 27, 2019USD ($)
Receivables [Abstract]
Other receivable provided to customer	$ 24,310

Restricted cash - Additional In

Restricted cash - Additional Information (Detail) € in Millions, $ in Millions	Dec. 27, 2019EUR (€)	Dec. 27, 2019USD ($)	Jun. 28, 2019EUR (€)	Jun. 28, 2019USD ($)
Outstanding letter of credit amount | €	€ 6.2		€ 6
Amount of cash collateral | $		$ 7.7		$ 7.4

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Dec. 27, 2019	Jun. 29, 2019	Jun. 28, 2019
Operating Lease Term Of Contract	12 months
Operating Lease Rental Expense	$ 1,000
Operating lease liability, current portion	$ 1,823	$ 1,601
Lease Expiration Date	Sep. 1, 2020
Capital lease liability, current portion	$ 311		$ 398
Rental expense under operating leases	$ 40
Maximum [Member]
Operating lease expiration year	2025
Lessee operating lease option to extend term	5 years
Minimum [Member]
Lessee operating lease option to extend term	1 year

Leases - Schedule Of Adoption O

Leases - Schedule Of Adoption Of Topic 842 On Operating Lease In Consolidate Financial Position (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 29, 2019
Assets
Operating lease ROU assets	$ 7,558	$ 5,370
Liabilities and Shareholders' Equity
Operating lease liabilities, current	1,823	1,601
Operating lease liabilities, non-current	$ 5,728	3,769
Accounting Standards Update 2016-02 [Member]
Assets
Operating lease ROU assets		5,370
Liabilities and Shareholders' Equity
Operating lease liabilities, current		1,601
Operating lease liabilities, non-current		$ 3,769

Leases - Schedule Of Operating

Leases - Schedule Of Operating Lease Liabilities (Detail) $ in Thousands	Dec. 27, 2019USD ($)
Leases [Abstract]
2020 (remaining six months)	$ 979
2021	2,140
2022	2,007
2023	1,896
2024	846
Thereafter	294
Total undiscounted lease payments	8,162
Less Imputed interest	(611)
Total present value of lease liabilities	$ 7,551

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments Due Under Non-Cancelable Capital Leases (Detail) $ in Thousands	Dec. 27, 2019USD ($)
Capital Leased Assets [Line Items]
2020 (remaining six months)	$ 211
2021	105
Total minimum capital lease payments	316
Less: Future finance charge on capital leases	(5)
Present value of capital lease	$ 311

Leases - Capital Lease Liabilit

Leases - Capital Lease Liabilities (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019
Capital Leased Assets [Line Items]
Current	$ 311	$ 398
Non-current		$ 102
Present value of capital lease	$ 311

Leases -Present Value of Capita

Leases -Present Value of Capital Lease (Detail) $ in Thousands	Dec. 27, 2019USD ($)
Capital Leased Assets [Line Items]
2020 (remaining six months)	$ 206
2021	105
Present value of capital lease	$ 311

Leases - Summary Of Additional

Leases - Summary Of Additional Information Related To Operating And Finance Lease (Detail)	Dec. 27, 2019
Weighted-average remaining lease term (in years)
Operating leases	4 years
Capital leases	9 months 18 days
Weighted-average discount rate
Operating leases	3.80%
Capital leases	4.10%

Leases - Schedule Of Supplement

Leases - Schedule Of Supplemental Cash Flow Information Related To Operating Lease (Detail) $ in Thousands	6 Months Ended
	Dec. 27, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 1,024
Financing cash flows from capital leases	189
ROU assets obtained in exchange for lease liabilities	7,558
Capital lease assets	$ 251

Intangibles (Detail)

Intangibles (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 27, 2019	Jun. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 11,811	$ 11,074
Accumulated Amortization	(7,729)	(7,083)
Foreign Currency Translation Adjustment	(44)	(104)
Net	4,038	3,887
Software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,319	6,582
Accumulated Amortization	(5,205)	(4,868)
Net	2,114	1,714
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,373	4,373
Accumulated Amortization	(2,405)	(2,096)
Foreign Currency Translation Adjustment	(44)	(104)
Net	1,924	2,173
Backlog
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	119	119
Accumulated Amortization	$ (119)	$ (119)

Intangibles - Additional Inform

Intangibles - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization expense related to intangibles	$ 0.3	$ 0.3	$ 0.6	$ 0.6

Weighted-Average Remaining Life

Weighted-Average Remaining Life of Intangible Assets (Detail)	6 Months Ended	12 Months Ended
	Dec. 27, 2019	Jun. 28, 2019
Global CEM Solutions, Ltd. | Customer relationships
Finite-Lived Intangible Liabilities [Line Items]
Weighted average remaining life of acquired intangible assets	5 years	5 years 4 months 24 days

Estimated Future Amortization o

Estimated Future Amortization of Intangibles (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019
Finite-Lived Intangible Assets [Line Items]
2020 (remaining six months)	$ 646
2021	1,164
2022	921
2023	651
2024	419
Thereafter	237
Total	$ 4,038	$ 3,887

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill from Acquisition (Detail) - USD ($) $ in Thousands	6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Goodwill [Line Items]
Beginning Balance	$ 3,705	$ 3,828
Foreign currency translation adjustment	93	(130)
Ending Balance	$ 3,798	$ 3,698

Total Borrowings, Including Cur

Total Borrowings, Including Current Portion and Non-Current Portion of Long-Term Borrowings (Detail) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Dec. 27, 2019	Jun. 28, 2019
Debt Instrument [Line Items]
Long-term borrowings, current portion		$ 12,188	$ 3,250
Less: Unamortized debt issuance costs – current portion		(32)
Long-term borrowings, current portion, net		12,156	3,250
Less: Current portion		(12,188)	(3,250)
Less: Unamortized debt issuance costs – non-current portion		(111)
Long-term borrowings, non-current portion, net		$ 45,592	$ 57,688
Loan Payable Due June 2023
Debt Instrument [Line Items]
Rate			1-month LIBOR +1.50% per annum
Conditions			Repayable in quarterly installments
Term			2023-06
Long-term Debt	[1]		$ 60,938
Loan Payable Due June 2023 | LIBOR
Debt Instrument [Line Items]
Margin above rate			1.50%
Loan Payable Due June 2024
Debt Instrument [Line Items]
Rate		3-month LIBOR +1.35% per annum
Conditions		Repayable in quarterly installments
Term		2024-06
Long-term Debt	[1]	$ 57,891
Loan Payable Due June 2024 | LIBOR
Debt Instrument [Line Items]
Margin above rate		1.35%
[1]	We have entered into interest rate swaps that effectively fix a series of our future interest payments on our term loans. Refer to Note 6.

Movements of Long-Term Loans (D

Movements of Long-Term Loans (Detail) - USD ($) $ in Thousands	6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Debt Instrument [Line Items]
Opening balance	$ 60,938	$ 64,188
Borrowings during the period	60,938
Repayments during the period	(63,985)	(813)
Closing balance	$ 57,891	$ 63,375

Future Maturities of Long-Term

Future Maturities of Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 27, 2019	Jun. 28, 2019	Dec. 28, 2018	Jun. 29, 2018
Debt Instrument [Line Items]
2020 (remaining six months)	$ 6,093
2021	12,188
2022	15,234
2023	12,188
2024	12,188
Total	$ 57,891	$ 60,938	$ 63,375	$ 64,188

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($)	Sep. 10, 2019	Sep. 27, 2019	Dec. 27, 2019	Dec. 28, 2018	Sep. 03, 2019	Aug. 20, 2019	Jun. 28, 2019	Jun. 04, 2018
Line of Credit Facility [Line Items]
Line of credit facility borrowing capacity		$ 200,000,000				$ 160,900,000
Line of credit facility extended termination date			Sep. 10, 2019
Repayments Of Long term Debt			$ 63,985,000	$ 813,000
Bank of Ayudhya Public Company Limited [Member]
Line of Credit Facility [Line Items]
Interest Expense On Debt		600,000
Debt Description Of Variable Rate Basis			3-month LIBOR plus 1.35%
Debt Instrument Stated Interest Percentage			1.35%
Debt Instrument Periodic Payment		3,000,000
Debt Instrument Maturity Date			Jun. 30, 2024
Credit Facility Agreement [Member] | Bank of Ayudhya Public Company Limited [Member]
Line of Credit Facility [Line Items]
Line of credit facility borrowing capacity		3,600,000				$ 110,000,000
Term Loan Agreement [Member]
Line of Credit Facility [Line Items]
Long Term Debt Outstanding			$ 57,900,000
Term Loan Agreement [Member] | Bank of Ayudhya Public Company Limited [Member]
Line of Credit Facility [Line Items]
Debt Principal amount					$ 60,900,000
Line Of Credit Covenant Terms			The Term Loan Agreement contains affirmative and negative covenants applicable to the Borrower, including delivery of financial statements and other information, compliance with laws, maintenance of insurance, restrictions on granting security interests or liens on its assets, disposing of its assets, incurring indebtedness and making acquisitions. While the term loan is outstanding, the Borrower is required to maintain a loan to value of the mortgaged real property ratio of not greater than 65%. If the loan to value ratio is not maintained, the Borrower will be required to provide additional security or prepay a portion of the term loan in order to restore the required ratio. The Company is also required to maintain a debt service coverage ratio of at least 1.25 times and a debt to equity ratio less than or equal to 1.0 times. In the case of any payment of a dividend by the Company, its debt service coverage ratio must be at least 1.50 times. At December 27, 2019, the Company was in compliance with all of its covenants under the Term Loan Agreement.
Term Loan Agreement [Member] | Bank of America [Member]
Line of Credit Facility [Line Items]
Interest Expense On Debt			$ 500,000	$ 1,200,000
LIBOR | After Fifth Amendment
Line of Credit Facility [Line Items]
Credit line interest rate			LIBOR rate plus a spread of 1.50% to 2.25%
Base Rate | After Fifth Amendment
Line of Credit Facility [Line Items]
Credit line interest rate			base rate plus a spread of 0.50% to 1.25%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility borrowing capacity		150,000,000	$ 150,000,000					$ 25,000,000
Line of credit facility extended termination date			Jun. 4, 2023
Revolving Credit Facility | Bank of America [Member]
Line of Credit Facility [Line Items]
Repayments Of Long term Debt	$ 61,000,000
Term Loan Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility borrowing capacity		$ 50,000,000
Line of credit facility amount outstanding								$ 65,000,000
Term Loan Credit Facility | Bank of America [Member]
Line of Credit Facility [Line Items]
Long Term Debt Outstanding			$ 0				$ 60,900,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018	Jun. 28, 2019
Income Taxes [Line Items]
Liability for uncertain tax positions including accrued interest and penalties	$ 1.2		$ 1.2		$ 2.1
Corporate effective income tax rate	4.90%	4.20%	5.00%	5.10%

Effect of Recording Share-Based

Effect of Recording Share-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Share-based compensation expense by type of award:
Restricted share units	$ 4,186	$ 3,344	$ 8,584	$ 8,029
Performance share units	2,002	625	3,599	920
Total share-based compensation expense	6,188	3,969	12,183	8,949
Net effect on share-based compensation expense	$ 6,188	$ 3,969	$ 12,183	$ 8,949

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		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 6,188	$ 3,969	$ 12,183	$ 8,949
Cost of Revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	1,591	1,300	3,311	3,147
Selling, General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 4,597	$ 2,669	$ 8,872	$ 5,802

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($)	6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 12, 2019	Nov. 02, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for future issuance			1,281,619
Shares withheld to settle employee minimum statutory obligation for applicable income and other employment taxes	86,138	205,984
Tax withholdings related to net share settlement of restricted share units	$ 4,377,000	$ 9,103,000
Stock Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Ordinary available for grant	0
Stock Plan 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding	111,347
Shares authorized for future issuance				160,000
Equity Incentive 2020 plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Ordinary available for grant	2,962,575		1,700,000
Shares reserved for future issuance			1,300,000
Performance Share Units | Stock Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding	436,304
Performance Share Units | Executive of the Company | Vest at the end of the performance period | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	0.00%
Performance Share Units | Executive of the Company | Vest at the end of the performance period | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	100.00%
Restricted Share Units | Stock Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding	801,150
Restricted Share Units | Stock Plan 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding	24,327
Restricted Share Units | Equity Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense	$ 18,300,000
Unrecognized compensation expense, weighted-average period for recognition	2 years 8 months 12 days
Restricted Share Units | Equity Incentive 2020 plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding	19,044
Restricted Share Units | Vesting Option One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year	3 years
Restricted Share Units | Vesting Option Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year	4 years
Restricted Share Units | Non Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year	1 year
Restricted Share Units | 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%
Performance Share Units | Equity Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense	$ 9,300,000
Unrecognized compensation expense, weighted-average period for recognition	1 year 6 months
Performance Share Units | Executive of the Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year	2 years

Restricted Share Unit Activity

Restricted Share Unit Activity (Detail) - Stock Plan 2010 and 2017 - Restricted Share Units - $ / shares	6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Number of restricted share units
Number of share units, Beginning Balance	800,751	1,073,580
Number of share units, Granted	331,900	305,836
Number of share units, Issued	(264,275)	(393,142)
Number of share units, Forfeited	(23,855)	(69,075)
Number of share units, Ending Balance	844,521	917,799
Weighted Average Grant Date Fair Value Per Share
Weighted-average grant date fair value per share, Beginning Balance	$ 42.48	$ 35.19
Weighted-average grant date fair value per share, Granted	49.78	48.33
Weighted-average grant date fair value per share, Issued	39.60	34.40
Weighted-average grant date fair value per share, Forfeited	42.09	38.53
Weighted-average grant date fair value per share, Ending Balance	$ 46.26	$ 39.65

Performance Share Unit Activity

Performance Share Unit Activity (Detail) - Stock Plan 2010 and 2017 - Performance Share Units - $ / shares	6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Number of performance share units
Number of share units, Beginning Balance	548,500	605,892
Number of share units, Granted	238,474	201,994
Number of share units, Issued	0	(227,268)
Number of share units, Forfeited	(350,670)	(27,954)
Number of share units, Ending Balance	436,304	552,664
Weighted Average Grant Date Fair Value Per Share
Weighted-average grant date fair value per share, Beginning Balance	$ 40.97	$ 38.41
Weighted-average grant date fair value per share, Granted	48.39	48.02
Weighted-average grant date fair value per share, Issued	0	40.48
Weighted-average grant date fair value per share, Forfeited	36.99	39.35
Weighted-average grant date fair value per share, Ending Balance	$ 48.22	$ 41.02

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018	Jun. 28, 2019	May 31, 2019	Feb. 28, 2018	Aug. 31, 2017
Shareholders Equity [Line Items]
Ordinary shares, authorized share capital	500,000,000		500,000,000		500,000,000
Ordinary shares, par value	$ 0.01		$ 0.01		$ 0.01
Preferred shares, shares authorized	5,000,000		5,000,000		5,000,000
Preferred shares, par value	$ 0.01		$ 0.01		$ 0.01
Share repurchase program, approved amount								$ 30
Share repurchase program, increase in shares authorized for repurchase						$ 50	$ 30
Treasury Stock, carrying basis	$ 62.2		$ 62.2			$ 110
Shares repurchase issued and outstanding			0
Stock Plan Nineteen Ninety Nine and Twenty Ten
Shareholders Equity [Line Items]
Ordinary shares issued upon vesting of restricted shares	19,762	19,278	178,137	414,426

Changes in AOCI, Net of Tax (De

Changes in AOCI, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 890,695	$ 766,157	$ 863,099	$ 740,939
Total other comprehensive income, net of tax	446	93	234	180
Ending Balance	928,327	801,533	928,327	801,533
Unrealized net (Losses) Gains on Available-for- sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			952	(1,091)
Other comprehensive income before reclassification adjustment			(126)	1,947
Amounts reclassified out of AOCI to foreign exchange loss in the unaudited condensed consolidated statements of operations and comprehensive income			79	(1,061)
Total other comprehensive income, net of tax			(47)	886
Ending Balance	905	(205)	905	(205)
Unrealized net (Losses) Gains on Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			32	33
Other comprehensive income before reclassification adjustment			(150)
Amounts reclassified out of AOCI to foreign exchange loss in the unaudited condensed consolidated statements of operations and comprehensive income				(1)
Total other comprehensive income, net of tax			(150)	(1)
Ending Balance	(118)	32	(118)	32
Retirement benefit plan - Prior service cost
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(2,537)
Other comprehensive income before reclassification adjustment			184
Total other comprehensive income, net of tax			184
Ending Balance	(2,353)		(2,353)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(833)	(199)
Other comprehensive income before reclassification adjustment			247	(705)
Total other comprehensive income, net of tax			247	(705)
Ending Balance	(586)	(904)	(586)	(904)
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(2,386)	(1,257)
Other comprehensive income before reclassification adjustment			155	1,242
Amounts reclassified out of AOCI to foreign exchange loss in the unaudited condensed consolidated statements of operations and comprehensive income			79	(1,062)
Total other comprehensive income, net of tax			234	180
Ending Balance	$ (2,152)	$ (1,077)	$ (2,152)	$ (1,077)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands, € in Millions	Dec. 27, 2019EUR (€)	Dec. 27, 2019USD ($)	Jun. 28, 2019EUR (€)	Jun. 28, 2019USD ($)
Commitments and Contingencies Disclosure [Line Items]
Outstanding bank guarantees given by banks on behalf of the company		$ 1,700		$ 1,600
Outstanding letter of credit amount | €	€ 6.2		€ 6
Amount of cash collateral		7,700		7,400
Standby letters of credit one
Commitments and Contingencies Disclosure [Line Items]
Outstanding letter of credit amount | €	€ 6.2
Thailand
Commitments and Contingencies Disclosure [Line Items]
Outstanding commitment to third parties		10,100
CHINA | Guarantee Type, Other [Member]
Commitments and Contingencies Disclosure [Line Items]
Outstanding bank guarantees given by banks on behalf of the company		$ 100
UNITED KINGDOM | Guarantee Type, Other [Member]
Commitments and Contingencies Disclosure [Line Items]
Outstanding bank guarantees given by banks on behalf of the company				$ 26

Business Segments and Geograp_3

Business Segments and Geographic Information - Additional Information (Detail) $ in Millions	6 Months Ended
	Dec. 27, 2019USD ($)CustomerSegment	Jun. 28, 2019Customer	Dec. 28, 2018USD ($)
Segment Reporting Information [Line Items]
Number of operating segment | Segment	1
Number of customers that contributed to more than 10% of trade accounts receivable | Customer	3	2
North America
Segment Reporting Information [Line Items]
Long-lived assets | $	$ 30		$ 32.3

Total Revenues by Geographic Re

Total Revenues by Geographic Regions (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 27, 2019	Dec. 28, 2018
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	$ 426,217	$ 403,080	$ 825,513	$ 780,257
North America
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	223,398	182,698	424,345	362,524
Asia-Pacific
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	141,147	166,711	259,570	318,658
Europe
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	$ 61,672	$ 53,671	$ 141,598	$ 99,075