Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
Sep. 27, 2015 |
Sep. 28, 2014 |
| Cash flows from operating activities: |
|
|
| Net (loss) income |
$ (23,623)
|
$ 11,130
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
41,176
|
43,335
|
| Stock-based compensation |
15,074
|
16,759
|
| Excess tax benefit from stock-based payment arrangements |
(3)
|
(1,448)
|
| Loss on disposal or impairment of long-lived assets |
14,573
|
1,447
|
| Amortization of premium/discount on investments |
1,361
|
2,412
|
| Loss on equity method investment |
19,948
|
0
|
| Foreign exchange loss on equity method investment |
3,036
|
0
|
| Deferred income taxes |
1,040
|
0
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable, net |
(6,406)
|
(12,018)
|
| Inventories |
(8,428)
|
(25,674)
|
| Prepaid expenses and other assets |
(1,502)
|
(3,176)
|
| Accounts payable, trade |
(472)
|
(2,164)
|
| Accrued salaries and wages and other liabilities |
(8,940)
|
(17,319)
|
| Net cash provided by operating activities |
46,834
|
13,284
|
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(49,883)
|
(63,446)
|
| Purchases of patent and licensing rights |
(4,314)
|
(4,806)
|
| Proceeds from sale of property and equipment |
3
|
43
|
| Purchases of short-term investments |
(121,628)
|
(171,067)
|
| Proceeds from maturities of short-term investments |
137,121
|
126,958
|
| Proceeds from sale of short-term investments |
8,643
|
4,667
|
| Purchase of acquired business, net of cash acquired |
(12,513)
|
0
|
| Net cash used in investing activities |
(42,571)
|
(107,651)
|
| Cash flows from financing activities: |
|
|
| Proceeds from long-term debt borrowings |
195,000
|
60,000
|
| Payments on long-term debt borrowings |
(188,000)
|
(15,000)
|
| Net proceeds from issuance of common stock |
2,801
|
12,109
|
| Excess tax benefit from stock-based payment arrangements |
3
|
1,448
|
| Repurchases of common stock |
(69,604)
|
(54,325)
|
| Net cash (used in) provided by financing activities |
(59,800)
|
4,232
|
| Effects of foreign exchange changes on cash and cash equivalents |
(804)
|
(389)
|
| Net decrease in cash and cash equivalents |
(56,341)
|
(90,524)
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
139,710
|
286,824
|
| End of period |
83,369
|
196,300
|
| Construction in Progress Expenditures Incurred but Not yet Paid |
$ 17,672
|
$ 17,400
|