Document and Entity Information	6 Months Ended
Document and Entity Information	Dec. 27, 2013	Jan. 24, 2014
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 27, 2013
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Trading Symbol	FN
Entity Registrant Name	FABRINET
Entity Central Index Key	0001408710
Current Fiscal Year End Date	--06-27
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		35,067,669

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 27, 2013	Jun. 28, 2013
Current assets
Cash and cash equivalents	$ 180,058	$ 149,716
Trade accounts receivable, net	121,772	118,475
Inventory, net	96,705	88,962
Deferred tax assets	2,014	1,937
Prepaid expenses	902	1,931
Other current assets	2,494	3,505
Total current assets	403,945	364,526
Non-current assets
Property, plant and equipment, net	97,316	97,206
Intangibles, net	113	164
Deferred tax assets	2,937	2,905
Deposits and other non-current assets	95	107
Total non-current assets	100,461	100,382
Total assets	504,406	464,908
Current liabilities
Long-term loans from bank, current portion	9,668	9,668
Trade accounts payable	88,025	77,139
Income tax payable	580	1,825
Deferred tax liability	2,778	2,481
Accrued payroll, bonus and related expenses	7,484	6,220
Accrued expenses	3,552	3,121
Other payables	5,800	5,163
Liabilities to third parties due to flood losses	1,538	9,812
Total current liabilities	119,425	115,429
Non-current liabilities
Long-term loans from bank, non-current portion	14,409	19,243
Severance liabilities	4,532	4,382
Other non-current liabilities	557	536
Total non-current liabilities	19,498	24,161
Total liabilities	138,923	139,590
Commitments and contingencies (Note 12)
Shareholders' equity
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of December 27, 2013 and June 28, 2013)
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 35,034,181 shares and 34,634,967 shares issued and outstanding as of December 27, 2013 and June 28, 2013, respectively)	350	346
Additional paid-in capital	77,526	71,101
Retained earnings	287,607	253,871
Total shareholders' equity	365,483	325,318
Total Liabilities and Shareholders' Equity	$ 504,406	$ 464,908

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 27, 2013	Jun. 28, 2013
Preferred shares, shares authorized	5,000,000	5,000,000
Preferred shares, par value	$ 0.01	$ 0.01
Preferred shares, shares issued
Preferred shares, shares outstanding
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, par value	$ 0.01	$ 0.01
Ordinary shares, shares issued	35,034,181	34,634,967
Ordinary shares, shares outstanding	35,034,181	34,634,967

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Dec. 27, 2013	Dec. 28, 2012
Revenues	$ 178,562	$ 167,426	$ 350,113	$ 326,051
Cost of revenues	(158,032)	(149,056)	(310,938)	(289,959)
Gross profit	20,530	18,370	39,175	36,092
Selling, general and administrative expenses	(6,913)	(5,787)	(13,607)	(11,646)
Income related to flooding	0	4,825	6,597	9,645
Operating income	13,617	17,408	32,165	34,091
Interest income	338	271	702	459
Interest expense	(188)	(263)	(394)	(549)
Foreign exchange (loss) gain, net	(788)	(170)	300	107
Other income	187	183	371	373
Income before income taxes	13,166	17,429	33,144	34,481
Income tax benefit (expense)	1,373	(747)	592	(1,780)
Net income	$ 14,539	$ 16,682	$ 33,736	$ 32,701
Earnings per share
Basic	$ 0.42	$ 0.48	$ 0.97	$ 0.95
Diluted	$ 0.41	$ 0.48	$ 0.95	$ 0.94
Weighted average number of ordinary shares outstanding (thousands of shares)
Basic	34,882	34,517	34,778	34,501
Diluted	35,583	34,804	35,361	34,737

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012
Cash flows from operating activities
Net income for the period	$ 33,736	$ 32,701
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	5,030	5,002
Amortization of intangibles	51	142
Gain on disposal of property, plant and equipment	(1)	(1)
Income related to flooding	(6,597)	(9,645)
Reversal of allowance for doubtful accounts	(53)	(36)
Unrealized loss (gain) on exchange rate and fair value of derivative	681	(722)
Share-based compensation	3,060	2,632
Deferred income tax	188	1,443
Other non-cash expenses	232	703
Reversal of uncertain tax positions	(1,538)	(588)
Inventory obsolescence (reversal of)	104	(376)
Changes in operating assets and liabilities
Trade accounts receivable	(3,244)	(3,069)
Inventory	(7,856)	3,918
Other current assets and non-current assets	171	1,342
Trade accounts payable	10,886	(12,256)
Income tax payable	232	371
Other current liabilities and non-current liabilities	1,099	(1,573)
Liabilities to third parties due to flood losses	(5,974)	(6,797)
Net cash provided by operating activities	36,804	17,932
Cash flows from investing activities
Purchase of property, plant and equipment	(4,198)	(6,085)
Purchase of intangibles		(1)
Proceeds from disposal of property, plant and equipment	1	2
Proceeds from insurers in settlement of claims related to flood damage		4,904
Net cash used in investing activities	(4,197)	(1,180)
Cash flows from financing activities
Repayment of long-term loans from bank	(4,834)	(4,834)
Proceeds from issuance of ordinary shares under employee share option plans	3,531	167
Withholding tax related to net share settlement of restricted share units	(162)	(10)
Net cash used in financing activities	(1,465)	(4,677)
Net increase in cash and cash equivalents	31,142	12,075
Movement in cash and cash equivalents
Cash and cash equivalents at beginning of period	149,716	115,507
Increase in cash and cash equivalents	31,142	12,075
Effect of exchange rate on cash and cash equivalents	(800)	516
Cash and cash equivalents at end of period	180,058	128,098
Claim for Business Interruption Losses
Adjustments to reconcile net income to net cash provided by operating activities
Proceeds from insurers for losses related to flooding		4,741
Inventory Losses
Adjustments to reconcile net income to net cash provided by operating activities
Proceeds from insurers for losses related to flooding	$ 6,597

Business and organization

6 Months Ended

Dec. 27, 2013

Business and organization

Business and organization

General

Fabrinet (“Fabrinet” or the “Parent Company”) was incorporated on August 12, 1999, and commenced operations on January 1, 2000. The Parent Company is an exempted company incorporated in the Cayman Islands, British West Indies. “We”, “us”, “our” and the “Company” refer to Fabrinet and its subsidiaries as a group.

The Company provides advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors. The Company offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and test. The Company focuses primarily on the production of low-volume, high-mix products.

Fabrinet has the following subsidiaries:

•

Fabrinet Co., Ltd. (“Fabrinet Thailand”), incorporated in Thailand on September 27, 1999;

•

Fabrinet USA, Inc., incorporated in the U.S. in the State of California on October 12, 1999;

•

FBN New Jersey Manufacturing, Inc., incorporated in the U.S. in the State of Delaware on May 11, 2005;

•

Fabrinet China Holdings, incorporated in Mauritius, and CASIX, Inc., incorporated in the People’s Republic of China, which were both acquired on May 29, 2005;

•

Fabrinet Pte. Ltd., incorporated in Singapore on November 14, 2007; and

•

Fabrinet AB, incorporated in Sweden on September 29, 2010. This subsidiary is in the liquidation process. The Company does not expect that the liquidation will have an effect on its consolidated financial statements.

Asia Pacific Growth Fund III, L.P. and its affiliates held 17.7% and 17.8% of Fabrinet’s share capital (fully diluted) as of December 27, 2013 and June 28, 2013, respectively. The Company has no commercial transactions with Asia Pacific Growth Fund III, L.P. and its affiliates.

Accounting policies

6 Months Ended

Dec. 27, 2013

Accounting policies

Accounting policies

Basis of presentation

The condensed consolidated financial statements of Fabrinet included herein have been prepared on a basis consistent with the June 28, 2013 audited consolidated financial statements and include all material adjustments, consisting of normal recurring adjustments, necessary to fairly present the information set forth therein. These condensed consolidated financial statements should be read in conjunction with the June 28, 2013 audited consolidated financial statements and notes thereto. The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). Fabrinet’s results of operations for the three and six months ended December 27, 2013 and December 28, 2012 are not necessarily indicative of future operating results.

The preparation of the Company’s condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and the reported amount of total revenues and expense during the year. The Company bases estimates on historical experience and various assumptions about the future that are believed to be reasonable based on available information. The Company’s reported financial position or results of operations may be materially different under different conditions or when using different estimates and assumptions, particularly with respect to significant accounting policies, which are discussed below. Significant assumptions are used in accounting for share-based compensation, allowance for doubtful accounts, income taxes and inventory obsolescence, among others. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be different from these estimates. In the event that estimates or assumptions prove to differ from actual results, adjustments will be made in subsequent periods to reflect more current information.

Fiscal years

The Company utilizes a 52-53 week fiscal year ending on the Friday in June closest to June 30. The three months ended December 27, 2013 and December 28, 2012 each consisted of 13 weeks. The six months ended December 27, 2013 and December 28, 2012 each consisted of 26 weeks. Fiscal year 2014 will be comprised of 52 weeks and will end on June 27, 2014.

Concentration of credit risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts receivable.

As of December 27, 2013, the Company’s cash and cash equivalents were held in deposits and highly liquid investment products with maturities of three months or less with banks and other financial institutions having credit ratings of A minus or above. The Company had two customers that each contributed to 10% or more of its total accounts receivable as of December 27, 2013 and June 28, 2013, respectively.

Accounts receivable include amounts due from customers that are monitored by the Company for credit worthiness. Management has implemented a program to closely monitor near term cash collection and credit exposures and believes no material loss will be incurred.

Recent accounting pronouncements

In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11 — Income Taxes (Topic 740) — Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The guidance suggested that an unrecognized tax benefit or a portion of an unrecognized of tax benefit, should be presented in the financial statements as a reduction to a deferred tax assets for a net operating loss carryforward, a similar tax loss, or a tax loss creditforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax loss creditforward is not available at the reporting date under tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax loss of the applicable jurisdiction does not required the entity to use, and the entity does not intended to use, the deferred tax assets for such purpose, the unrecognized tax benefit should be presented in the financial statement as a liabilities and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not expect that the adoption of this guidance will have an effect on its consolidated financial statements.

In April 2013, the FASB issued ASU No. 2013-07 – Presentation of Financial Statements (Topic 205) — Liquidation Basis of Accounting. The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties, or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity’s governing documents from the entity’s inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity’s inception. The amendments require financial statements prepared using the liquidation basis of accounting to present relevant information about an entity’s expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. The entity should include in its presentation of assets any items it had not previously recognized under U.S. GAAP but that it expects to either sell in liquidation or use in settling liabilities (for example, trademarks). An entity should recognize and measure its liabilities in accordance with U.S. GAAP that otherwise applies to those liabilities. The entity should not anticipate that it will be legally released from being the primary obligor under those liabilities, either judicially or by creditors. The entity also is required to accrue and separately present the costs that it expects to incur and the income that it expects to earn during the expected duration of the liquidation, including any costs associated with sale or settlement of those assets and liabilities. Additionally, the amendments require disclosures about an entity’s plan for liquidation, the methods and significant assumptions used to measure assets and liabilities, the type and amount of costs and income accrued, and the expected duration of the liquidation process. This guidance is effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013 and interim reporting periods therein. The Company does not expect that the adoption of this guidance will have an effect on its consolidated financial statements.

In March 2013, the FASB issued ASU No. 2013-05 – Foreign Currency Matters (Topic 830) — Parents’ Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. When a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity, the parent is required to apply the guidance in Subtopic 830-30 to release any related cumulative translation adjustment into net income. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. For an equity method investment that is a foreign entity, the partial sale guidance in Section 830-30-40 still applies. As such, a pro rata portion of the cumulative translation adjustment should be released into net income upon a partial sale of such an equity method investment. However, this treatment does not apply to an equity method investment that is not a foreign entity. In those instances, the cumulative translation adjustment is released into net income only if the partial sale represents a complete or substantially complete liquidation of the foreign entity that contains the equity method investment. Additionally, the amendments in this Update clarify that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (that is, irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition). Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events. This guidance is effective prospectively for fiscal years and interim reporting periods within those years beginning after December 15, 2013. The Company does not expect that the adoption of this guidance will have an effect on its consolidated financial statements.

In February 2013, the FASB issued ASU No. 2013-04 – Liabilities (Topic 405) — Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation is Fixed at the Reporting Date. The guidance in this update requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the following: (a) the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors, and (b) any additional amount the reporting entity expects to pay on behalf of its co-obligors. The guidance also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not expect that the adoption of this guidance will have an effect on its consolidated financial statements.

In January 2013, the FASB issued ASU No. 2013-01 – Balance Sheet (Topic 210) — Clarifying the Scope of Disclosure about Offsetting Assets and Liabilities. The amendments clarify that the scope of Update 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. This guidance is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. The Company adopted this guidance in the first quarter of fiscal year 2014. This guidance did not impact the Company’s presentation, financial position, or results of operations.

In July 2012, the FASB issued ASU No. 2012-02 – Intangibles — Goodwill and Other (Topic 350) – Testing Indefinite-Lived Intangible Assets for Impairment. Under the amendments in ASU No. 2012-02, an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount in accordance with Subtopic 350-30. This guidance is effective for fiscal years beginning after September 15, 2012. The Company adopted this guidance in the first quarter of fiscal year 2014. This guidance did not impact the Company’s presentation, financial position, or results of operations.

In December 2011, the FASB issued ASU No. 2011-11 – Balance Sheet (Topic 210) – Disclosures about Offsetting Assets and Liabilities. The amendments in ASU No. 2011-11 will enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with Section 210-20-45 or Section 815-10-45. Information about offsetting and related arrangements will enable users of an entity’s financial statements to understand the effect of those arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of ASU No. 2011-11. This guidance is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The Company adopted this guidance in the first quarter of fiscal year 2014. This guidance did not impact the Company’s presentation, financial position, or results of operations.

Earnings per ordinary share

6 Months Ended

Dec. 27, 2013

Earnings per ordinary share

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.


	Three Months Ended
	December 27, 2013		December 28, 2012
Net income attributable to shareholders	$	14,539	$	16,682
Weighted average number of ordinary shares outstanding (thousands of shares)		34,882		34,517

Basic earnings per ordinary share	$	0.42	$	0.48


	Six Months Ended
	December 27, 2013		December 28, 2012
Net income attributable to shareholders	$	33,736	$	32,701
Weighted average number of ordinary shares outstanding (thousands of shares)		34,778		34,501

Basic earnings per ordinary share	$	0.97	$	0.95

Diluted earnings per ordinary share is computed by dividing reported net income by the weighted average number of ordinary shares and dilutive ordinary equivalent shares outstanding during each period. Dilutive ordinary equivalent shares consist of share options and restricted shares. Diluted earnings per ordinary share is calculated as follows:


	Three Months Ended
	December 27, 2013		December 28, 2012
Net income used to determine diluted earnings per ordinary share	$	14,539	$	16,682
Weighted average number of ordinary shares outstanding (thousands of shares)		34,882		34,517
Adjustment for incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares)		701		287

Weighted average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)		35,583		34,804

Diluted earnings per ordinary share	$	0.41	$	0.48


	Six Months Ended
	December 27, 2013		December 28, 2012
Net income used to determine diluted earnings per ordinary share	$	33,736	$	32,701
Weighted average number of ordinary shares outstanding (thousands of shares)		34,778		34,501
Adjustment for incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares)		583		236

Weighted average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)		35,361		34,737

Diluted earnings per ordinary share	$	0.95	$	0.94
Outstanding share options excluded in the computation of diluted earnings per ordinary share*		45,703		1,217,684

*	These share options were not included in the computation of diluted earnings per ordinary share for the three and six months ended December 27, 2013 and December 28, 2012, respectively, because the exercise price of the options was greater than the average market price of the underlying shares.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Fair value

6 Months Ended

Dec. 27, 2013

Fair value

Fair value

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 when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1—Quoted prices in active markets for identical assets or liabilities.

Level 2—Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The 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 sets forth the Company’s applicable assets and liabilities measured at fair value on a recurring basis as of December 27, 2013:


	Fair Value Measurements at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Balance
Derivative assets		—		110		—		110
Derivative liabilities		—		770		—		770

Net liabilities measured at fair value	$	—	$	660	$	—	$	660

The following table sets forth the Company’s applicable assets and liabilities measured at fair value on a recurring basis as of June 28, 2013:


	Fair Value Measurements at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Balance
Derivative liabilities		—		766		—		766

Net liabilities measured at fair value	$	—	$	766	$	—	$	766

The above derivative assets and liabilities are classified in other current assets and accrued expenses, respectively, on the consolidated balance sheet.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

Inventory

6 Months Ended

Dec. 27, 2013

Inventory

Inventory


	December 27, 2013			June 28, 2013
Raw materials	$	28,188		$	34,572
Work in progress		53,674			43,806
Finished goods		10,983			7,342
Goods in transit		6,081			5,359

		98,926			91,079
Less: Inventory obsolescence		(2,221	)		(2,117	)

Inventory, net	$	96,705		$	88,962

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Intangibles

6 Months Ended

Dec. 27, 2013

Intangibles

Intangibles

The following tables present details of the Company’s intangibles:


	December 27, 2013
	Gross Carrying Amount		Accumulated Amortization			Net
Software	$	3,458	$	(3,345	)	$	113

Total intangibles	$	3,458	$	(3,345	)	$	113


	June 28, 2013
	Gross Carrying Amount		Accumulated Amortization			Net
Software	$	3,458	$	(3,294	)	$	164

Total intangibles	$	3,458	$	(3,294	)	$	164

The Company recorded amortization expense relating to intangibles of $23 and $67 for the three months ended December 27, 2013 and December 28, 2012, respectively, and $51 and $142 for the six months ended December 27, 2013 and December 28, 2012, respectively.

Based on the carrying amount of intangibles as of December 27, 2013, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year below is as follows:


2014	$	42
2015		64
2016		5
2017		2

Total amortization	$	113

Borrowings

6 Months Ended

Dec. 27, 2013

Borrowings

Borrowings

Bank borrowings and long-term debt was comprised of the following:


	December 27, 2013		June 28, 2013
Long-term loans from bank	$	24,077	$	28,911

Total borrowings	$	24,077	$	28,911

Long-term loans from bank consisted of:
Current portion	$	9,668	$	9,668
Non-current portion		14,409		19,243

As of December 27, 2013 and June 28, 2013, the Company had outstanding borrowings under long-term loan agreements with banks totaling $24,077 and $28,911, respectively, which consisted of:


Contract No.	Amount				Interest Rate Per Annum (%)	Conditions	Repayment Term
Contract No.	December 27, 2013		June 28, 2013		Interest Rate Per Annum (%)	Conditions	Repayment Term
1	$	19,500	$	22,500	LIBOR + 2.8% per annum	Repayable in quarterly installments within 6 years	June 2012 to March 2017
2		4,577		6,411	SIBOR + 1.5% per annum	Repayable in quarterly installments within 8 years	May 2009 to February 2015

Total	$	24,077	$	28,911

Certain of the long-term loans are secured by certain property, plant and equipment. The carrying amount of assets secured and pledged as collateral was $21,340 and $21,815 as of December 27, 2013 and June 28, 2013, respectively. The carrying amounts of borrowings approximate their fair value.

The long-term loans prescribe maximum ratios of debt to equity and minimum levels of debt service coverage ratios. As of December 27, 2013 and June 28, 2013, the Company was in compliance with its long-term loan agreements. In addition to financial ratios, certain of the Company’s packing credits and long-term loans include customary events of default.

The movements of long-term loans were as follows for the six months ended December 27, 2013 and December 28, 2012:


	Six Months Ended
	December 27, 2013			December 28, 2012
Opening net book amount	$	28,911		$	38,579
Repayment during the period		(4,834	)		(4,834	)

Closing net book amount	$	24,077		$	33,745

As of December 27, 2013, future maturities of long-term debt were as follows at the end of each fiscal year below:


2014	$	4,834
2015		8,743
2016		6,000
2017		4,500

Total	$	24,077

Credit facilities:

Undrawn available credit facilities as of December 27, 2013 and June 28, 2013 totaled:


	December 27, 2013		June 28, 2013
Bank borrowings:
Short-term loans	$	5,181	$	5,461

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Income taxes

6 Months Ended

Dec. 27, 2013

Income taxes

Income taxes

As of December 27, 2013, the liability for uncertain tax positions including accrued interest and penalties decreased to $363 (June 28, 2013: $1,835). 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 U.S. and foreign tax jurisdictions. The tax years from 2009 to 2013 remain open to examination by U.S. federal and state tax authorities, and foreign tax authorities. The Company’s income tax is recognized based on the best estimate of the expected annual effective tax rate for the full financial year of each entity in the Company, adjusted for discrete items arising in that quarter. If the Company’s estimated annual effective tax rate changes, the Company makes a cumulative adjustment in that quarter.

The effective tax rate for the Company for the three months ended December 27, 2013 and December 28, 2012 was (10.4)% and 4.3% of net income, respectively. The decrease in effective tax rate for the three months ended December 27, 2013 was primarily due to the reversal of liability for uncertain tax positions, including accrued interest, of $1,538 and increase in deferred tax assets of $562, as compared to the reversal of liability for uncertain tax positions of $588 during the three months ended December 28, 2012.

The effective tax rate for the Company for the six months ended December 27, 2013 and December 28, 2012 was (1.8)% and 5.2% of net income, respectively. The decrease in effective tax rate for the six months ended December 27, 2013 was primarily due to the reversal of liability for uncertain tax positions, including accrued interest, of $1,538 and increase in deferred tax assets of $562, as compared to the reversal of liability for uncertain tax positions of $588 for the six months ended December 28, 2012.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Share-based compensation

6 Months Ended

Dec. 27, 2013

Share-based compensation

10.

Share-based compensation

Share-based compensation

In determining the grant date fair value of equity awards, the Company is required to make estimates of the fair value of Fabrinet’s ordinary shares, expected dividends to be issued, expected volatility of Fabrinet’s shares, expected forfeitures of the awards, risk free interest rates for the expected term of the awards, expected terms of the awards, and the vesting period of the respective awards. Forfeitures are estimated at the time of grant and revised if necessary in subsequent periods if actual forfeitures differ from those estimates.

The effect of recording share-based compensation expense for the three and six months ended December 27, 2013 and December 28, 2012 was as follows:


	Three Months Ended				Six Months Ended
	December 27, 2013		December 28, 2012		December 27, 2013		December 28, 2012
Share-based compensation expense by type of award:
Share options	$	240	$	497	$	538	$	1,140
Restricted share units		1,257		881		2,522		1,492

Total share-based compensation expense		1,497		1,378		3,060		2,632

Tax effect on share-based compensation expense		—		—		—		—

Net effect on share-based compensation expense	$	1,497	$	1,378	$	3,060	$	2,632

Share-based compensation expense was recorded in the condensed consolidated statements of operations as follows: cost of revenues of $291 and $299 for the three months ended December 27, 2013 and December 28, 2012, respectively, and $598 and $644 for the six months ended December 27, 2013 and December 28, 2012, respectively; and SG&A expenses of $1,206 and $1,079 for the three months ended December 27, 2013 and December 28, 2012, respectively, and $2,462 and $1,988 for the six months ended December 27, 2013 and December 28, 2012, respectively. 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, 2013 and December 28, 2012.

Share-based award activity

Share options have been granted to directors and employees. As of December 27, 2013, there were 28,990 share options outstanding under the Amended and Restated 1999 Share Option Plan (the “1999 Plan”). Additional option grants may not be made under the 1999 Plan.

On March 12, 2010, Fabrinet’s shareholders adopted the 2010 Performance Incentive Plan (the “2010 Plan”). On December 20, 2010 and December 20, 2012, Fabrinet’s shareholders adopted amendments to the 2010 Plan to increase the number of ordinary shares authorized for issuance under the 2010 Plan by 500,000 and 3,700,000 shares, respectively. A total of 5,700,000 ordinary shares are authorized for issuance under the 2010 Plan, plus any shares subject to share options under the 1999 Plan outstanding as of June 24, 2010, that expire, are canceled or terminate after such date. As of December 27, 2013, there were an aggregate of 939,778 share options outstanding, 839,430 restricted share units outstanding, and 3,466,790 ordinary shares available for future grant under the 2010 Plan.

Share options

Fabrinet’s board of directors has the authority to determine the type of option and the number of shares subject to an option. Options generally vest and become exercisable over four years and expire, if not exercised, within 7 years of the grant date. In the case of a grantee’s first grant, 25 percent of the underlying shares subject to an option vest 12 months after the vesting commencement date and 1/48 of the underlying shares vest monthly over each of the subsequent 36 months. In the case of any additional grants to a grantee, 1/48 of the underlying shares subject to an option vest monthly over four years, commencing one month after the vesting commencement date.

The following summarizes share option activity under the 1999 Plan:


	Number of Shares Underlying Options						Weighted-Average Exercise Price Per Share
	Six Months Ended						Six Months Ended
	December 27, 2013			December 28, 2012			December 27, 2013		December 28, 2012
Shares underlying options outstanding at beginning of the period		104,078			189,540		$	5.38	$	5.18
Granted		—			—			—		—
Exercised		(73,588	)		(36,137	)		5.28		4.64
Forfeited		(100	)		—			5.75		—
Expired		(1,400	)		—			5.50		—

Shares underlying options outstanding at end of the period		28,990			153,403		$	5.62	$	5.31

Shares underlying options exercisable at end of the period		28,481			119,244		$	5.61	$	5.18

The following summarizes information for share options outstanding as of December 27, 2013 under the 1999 Plan:


	Number of Shares Underlying Options		Exercise Price Per Share		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value
		525		4.25		0.67
		1,000		4.75		0.92
		2,100		5.00		1.13
		1,400		5.25		1.36
		23,665		5.75		2.81
		300		6.25		3.36

Options outstanding		28,990				2.52	$	427

Options exercisable		28,481				2.51	$	420

As of December 27, 2013, $0.2 of estimated share-based compensation expense related to share options under the 1999 Plan remains to be recorded. That cost is expected to be recorded over an estimated amortization period of 0.23 years.

The following summarizes share option activity under the 2010 Plan:


	Number of Shares Underlying Options						Weighted-Average Exercise Price Per Share
	Six Months Ended						Six Months Ended
	December 27, 2013			December 28, 2012			December 27, 2013		December 28, 2012
Shares underlying options outstanding at beginning of the period		1,173,233			1,280,750		$	16.25	$	16.32
Granted		—			—			—		—
Exercised		(203,123	)		—			15.50		—
Forfeited		(6,420	)		(19,135	)		16.52		17.79
Expired		(23,912	)		(40,631	)		17.37		16.84

Shares underlying options outstanding at end of the period		939,778			1,220,984		$	16.39	$	16.28

Shares underlying options exercisable at end of the period		580,904			528,347		$	16.69	$	16.48

The following summarizes information for share options outstanding as of December 27, 2013 under the 2010 Plan:


	Number of Shares Underlying Options		Exercise Price Per Share		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value
		8,368	$	13.77		3.65
		482,609		16.83		3.80
		30,000		15.05		3.85
		27,903		25.50		4.05
		7,400		26.16		4.10
		10,400		23.62		4.35
		122,442		15.16		4.64
		215,159		14.12		4.87
		27,560		19.36		5.12
		5,550		18.60		5.18
		2,387		12.83		5.37

Options outstanding		939,778				4.22	$	3,944

Options exercisable		580,904				4.10	$	2,283

As of December 27, 2013, $450 of estimated share-based compensation expense related to share options under the 2010 Plan remains to be recorded. That cost is expected to be recorded over an estimated amortization period of 1.48 years.

Restricted share units

Restricted share units are one type of share-based award that may be granted under the 2010 Plan. Restricted share units granted to non-employee directors generally cliff vest 100% on the first of January, following the next annual meeting of shareholders, approximately 1 year from the grant date, provided the director continues to serve through such date. Restricted share units granted to employees generally vest in 4 equal installments over 4 years on each anniversary of the vesting commencement date.

The following summarizes restricted share unit activity under the 2010 Plan:


	Number of Shares Underlying Restricted Share Units						Weighted-Average Grant Date Fair Value Per Share
	Six Months Ended						Six Months Ended
	December 27, 2013			December 28, 2012			December 27, 2013		December 28, 2012
Unvested balance at beginning of the period		545,668			168,275		$	12.81	$	14.44
Granted		434,018			446,884			15.01		12.35
Issued		(133,311	)*		(30,100	)		12.73		14.12
Forfeited		(6,945	)		(3,004	)		14.10		13.12

Unvested balance at end of the period		839,430			582,055		$	13.95	$	12.86

*	Included in the issued number are 566 shares vested on December 1, 2013, but not settled as of December 27, 2013.

As of December 27, 2013, $6,814 of estimated share-based compensation expense related to restricted share units under the 2010 Plan remains to be recorded. That cost is expected to be recorded over an estimated amortization period of 3.16 years.

For the six months ended December 27, 2013, the Company withheld an aggregate of 10,242 shares 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. During the six months ended December 27, 2013, the Company then remitted cash of $162 to the appropriate taxing authorities, and presented it in a financing activity within the condensed consolidated statements of cash flows. The payment had the effect on shares issued by the Company as it reduced the number of shares that would have been issued on the vesting date and was recorded as a reduction of additional paid-in capital.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

Shareholders' equity

6 Months Ended

Dec. 27, 2013

Shareholders' equity

11.

Shareholders’ equity

Share capital

Fabrinet’s authorized share capital is 500,000,000 ordinary shares, par value of $0.01 per ordinary share, and 5,000,000 preferred shares, par value of $0.01 per preferred share.

For the six months ended December 27, 2013, Fabrinet issued 276,711 ordinary shares upon the exercise of options, for cash consideration at a weighted average exercise price of $12.78 per share, and 122,503 ordinary shares upon the vesting of restricted share units, net of shares withheld.

For the six months ended December 28, 2012, Fabrinet issued 36,137 ordinary shares upon the exercise of options, for cash consideration at a weighted average exercise price of $4.64 per share, and 29,014 ordinary shares upon the vesting of restricted share units, net of shares withheld.

All such issued shares are fully paid.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Commitments and contingencies

6 Months Ended

Dec. 27, 2013

Commitments and contingencies

12.

Commitments and contingencies

Bank guarantees

As of December 27, 2013 and June 28, 2013, there were outstanding bank guarantees given by banks on behalf of Fabrinet Thailand for electricity usage and other normal business amounting to $319 and $336, respectively.

Operating lease commitments

The Company leases a portion of certain land and buildings for its facilities in China and New Jersey, under operating lease arrangements that expire in various calendar years through 2020. Rental expense under these operating leases amounted to $420 and $390 for the six months ended December 27, 2013 and December 28, 2012, respectively.

As of December 27, 2013, the future minimum lease payments due under non-cancelable leases were as follows at the end of each fiscal year below:


2014		497
2015		994
2016		948
2017		932
2018		932
Thereafter		722

Total minimum operating lease payments	$	5,025

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, 2013, there were no outstanding capital expenditure commitments.

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.

Contingent liability

In the first week of October 2013, the Company authorized a customer to return a number of units of its product manufactured at the Company’s Pinehurst facility, due to functional failure. After investigation, the Company found that the affected products were produced during the first quarter of fiscal 2014. While this may cause the Company to incur certain costs and expenses, the Company is still working with the customer to determine the extent and impact of the product failures. Accordingly, the Company cannot accurately estimate the costs and expenses that it may incur as a result of the product failures.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Business segments and geographic information

6 Months Ended

Dec. 27, 2013

Business segments and geographic information

13.

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, 2013, the Company operated and internally managed a single operating segment. Accordingly, the Company does not accumulate discrete information with respect to separate product lines and does not have separate reportable segments.

The Company operates primarily in three geographic regions: North America, Asia-Pacific and Europe. The following tables present total revenues by geographic regions:


	Three Months Ended
	December 27, 2013		December 28, 2012
North America	$	84,354	$	81,661
Asia-Pacific		59,697		55,399
Europe		34,511		30,366

	$	178,562	$	167,426


	Six Months Ended
	December 27, 2013		December 28, 2012
North America	$	163,151	$	152,751
Asia-Pacific		117,693		110,744
Europe		69,269		62,556

	$	350,113	$	326,051

Total revenues are attributed to a particular geographic area based on the bill-to location of the customer. As of December 27, 2013, the Company had approximately $332 of long-lived assets based in North America, with the substantial remainder of assets based in Asia-Pacific.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

+ Details

Income related to flooding

6 Months Ended

Dec. 27, 2013

Income related to flooding

14.

Income related to flooding

The Company suspended production at all of its manufacturing facilities in Thailand from October 17, 2011 through November 14, 2011 because of severe flooding in Thailand. The Company never resumed, and has permanently ceased, production at its Chokchai facility. The Company has submitted all five of its claims for losses, four of which were settled in previous quarters. In January 2014, the Company and its insurers settled the final remaining claim which included owned and consigned equipment.

In the three months ended December 27, 2013, the Company did not recognize any income related to flooding. In the three months ended December 28, 2012, the Company recognized income related to flooding $4,825, which consisted of insurance proceeds for owned equipment losses. In the six months ended December 27, 2013, the Company received from its insurers an interim payment of $6,597 against the Company’s claim for owned and customer-owned inventory losses. In the six months ended December 28, 2012, the Company received an interim payment of $4,825 from its insurers against the Company’s claims for owned equipment losses, an interim payment of $4,741 against its claims for business interruption losses and a payment of $79 as full and final settlement of its claim for damage to its buildings at Pinehurst.

During the six months ended December 27, 2013, the Company fulfilled its obligations to a customer in accordance with the settlement agreement entered into during the third quarter of fiscal 2013 by making a final cash payment to such customer of $3,750 and by transferring equipment, with an aggregate value of $2,300, to such customer. Accordingly, the Company’s liability to such customer for any and all flood-related losses has been satisfied in full. Also, during the six months ended December 27, 2013, the Company fulfilled its obligations to a customer’s insurers in accordance with the settlement agreement entered into during the fourth quarter of fiscal 2013 by making a final payment of $2,167. Accordingly, the Company’s liability to such insurer for damages to customer-owned inventory, which occurred during the flooding, has been satisfied in full. The Company also entered into other flood-related settlements and made a cash payment of $57 during the six months ended December 27, 2013.

During the six months ended December 28, 2012, the Company entered into settlement agreements with two of its customers regarding the Company’s liability for the customers’ losses as a result of the flooding and made an initial payment to such customers of $6,797 in the aggregate.

Accounting policies (Policies)	6 Months Ended
Accounting policies (Policies)	Dec. 27, 2013
Basis of presentation	*Basis of presentation* The condensed consolidated financial statements of Fabrinet included herein have been prepared on a basis consistent with the June 28, 2013 audited consolidated financial statements and include all material adjustments, consisting of normal recurring adjustments, necessary to fairly present the information set forth therein. These condensed consolidated financial statements should be read in conjunction with the June 28, 2013 audited consolidated financial statements and notes thereto. The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). Fabrinet’s results of operations for the three and six months ended December 27, 2013 and December 28, 2012 are not necessarily indicative of future operating results. The preparation of the Company’s condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and the reported amount of total revenues and expense during the year. The Company bases estimates on historical experience and various assumptions about the future that are believed to be reasonable based on available information. The Company’s reported financial position or results of operations may be materially different under different conditions or when using different estimates and assumptions, particularly with respect to significant accounting policies, which are discussed below. Significant assumptions are used in accounting for share-based compensation, allowance for doubtful accounts, income taxes and inventory obsolescence, among others. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be different from these estimates. In the event that estimates or assumptions prove to differ from actual results, adjustments will be made in subsequent periods to reflect more current information.
Fiscal years	*Fiscal years* The Company utilizes a 52-53 week fiscal year ending on the Friday in June closest to June 30. The three months ended December 27, 2013 and December 28, 2012 each consisted of 13 weeks. The six months ended December 27, 2013 and December 28, 2012 each consisted of 26 weeks. Fiscal year 2014 will be comprised of 52 weeks and will end on June 27, 2014.
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 and accounts receivable. As of December 27, 2013, the Company’s cash and cash equivalents were held in deposits and highly liquid investment products with maturities of three months or less with banks and other financial institutions having credit ratings of A minus or above. The Company had two customers that each contributed to 10% or more of its total accounts receivable as of December 27, 2013 and June 28, 2013, respectively. Accounts receivable include amounts due from customers that are monitored by the Company for credit worthiness. Management has implemented a program to closely monitor near term cash collection and credit exposures and believes no material loss will be incurred.
Recent accounting pronouncements	*Recent accounting pronouncements* In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11 — Income Taxes (Topic 740) — Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The guidance suggested that an unrecognized tax benefit or a portion of an unrecognized of tax benefit, should be presented in the financial statements as a reduction to a deferred tax assets for a net operating loss carryforward, a similar tax loss, or a tax loss creditforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax loss creditforward is not available at the reporting date under tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax loss of the applicable jurisdiction does not required the entity to use, and the entity does not intended to use, the deferred tax assets for such purpose, the unrecognized tax benefit should be presented in the financial statement as a liabilities and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not expect that the adoption of this guidance will have an effect on its consolidated financial statements. In April 2013, the FASB issued ASU No. 2013-07 – Presentation of Financial Statements (Topic 205) — Liquidation Basis of Accounting. The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties, or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity’s governing documents from the entity’s inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity’s inception. The amendments require financial statements prepared using the liquidation basis of accounting to present relevant information about an entity’s expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. The entity should include in its presentation of assets any items it had not previously recognized under U.S. GAAP but that it expects to either sell in liquidation or use in settling liabilities (for example, trademarks). An entity should recognize and measure its liabilities in accordance with U.S. GAAP that otherwise applies to those liabilities. The entity should not anticipate that it will be legally released from being the primary obligor under those liabilities, either judicially or by creditors. The entity also is required to accrue and separately present the costs that it expects to incur and the income that it expects to earn during the expected duration of the liquidation, including any costs associated with sale or settlement of those assets and liabilities. Additionally, the amendments require disclosures about an entity’s plan for liquidation, the methods and significant assumptions used to measure assets and liabilities, the type and amount of costs and income accrued, and the expected duration of the liquidation process. This guidance is effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013 and interim reporting periods therein. The Company does not expect that the adoption of this guidance will have an effect on its consolidated financial statements. In March 2013, the FASB issued ASU No. 2013-05 – Foreign Currency Matters (Topic 830) — Parents’ Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. When a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity, the parent is required to apply the guidance in Subtopic 830-30 to release any related cumulative translation adjustment into net income. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. For an equity method investment that is a foreign entity, the partial sale guidance in Section 830-30-40 still applies. As such, a pro rata portion of the cumulative translation adjustment should be released into net income upon a partial sale of such an equity method investment. However, this treatment does not apply to an equity method investment that is not a foreign entity. In those instances, the cumulative translation adjustment is released into net income only if the partial sale represents a complete or substantially complete liquidation of the foreign entity that contains the equity method investment. Additionally, the amendments in this Update clarify that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (that is, irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition). Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events. This guidance is effective prospectively for fiscal years and interim reporting periods within those years beginning after December 15, 2013. The Company does not expect that the adoption of this guidance will have an effect on its consolidated financial statements. In February 2013, the FASB issued ASU No. 2013-04 – Liabilities (Topic 405) — Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation is Fixed at the Reporting Date. The guidance in this update requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the following: (a) the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors, and (b) any additional amount the reporting entity expects to pay on behalf of its co-obligors. The guidance also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not expect that the adoption of this guidance will have an effect on its consolidated financial statements. In January 2013, the FASB issued ASU No. 2013-01 – Balance Sheet (Topic 210) — Clarifying the Scope of Disclosure about Offsetting Assets and Liabilities. The amendments clarify that the scope of Update 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. This guidance is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. The Company adopted this guidance in the first quarter of fiscal year 2014. This guidance did not impact the Company’s presentation, financial position, or results of operations. In July 2012, the FASB issued ASU No. 2012-02 – Intangibles — Goodwill and Other (Topic 350) – Testing Indefinite-Lived Intangible Assets for Impairment. Under the amendments in ASU No. 2012-02, an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount in accordance with Subtopic 350-30. This guidance is effective for fiscal years beginning after September 15, 2012. The Company adopted this guidance in the first quarter of fiscal year 2014. This guidance did not impact the Company’s presentation, financial position, or results of operations. In December 2011, the FASB issued ASU No. 2011-11 – Balance Sheet (Topic 210) – Disclosures about Offsetting Assets and Liabilities. The amendments in ASU No. 2011-11 will enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with Section 210-20-45 or Section 815-10-45. Information about offsetting and related arrangements will enable users of an entity’s financial statements to understand the effect of those arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of ASU No. 2011-11. This guidance is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The Company adopted this guidance in the first quarter of fiscal year 2014. This guidance did not impact the Company’s presentation, financial position, or results of operations.

- Definition

Disclosure of accounting policy for credit risk.

+ References+ Details

- Definition

Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed.

+ References+ Details

Earnings per ordinary share (Tables)

6 Months Ended

Dec. 27, 2013

Basic 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.


	Three Months Ended
	December 27, 2013		December 28, 2012
Net income attributable to shareholders	$	14,539	$	16,682
Weighted average number of ordinary shares outstanding (thousands of shares)		34,882		34,517

Basic earnings per ordinary share	$	0.42	$	0.48


	Six Months Ended
	December 27, 2013		December 28, 2012
Net income attributable to shareholders	$	33,736	$	32,701
Weighted average number of ordinary shares outstanding (thousands of shares)		34,778		34,501

Basic earnings per ordinary share	$	0.97	$	0.95

Diluted Earnings Per Ordinary Share


	Three Months Ended
	December 27, 2013		December 28, 2012
Net income used to determine diluted earnings per ordinary share	$	14,539	$	16,682
Weighted average number of ordinary shares outstanding (thousands of shares)		34,882		34,517
Adjustment for incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares)		701		287

Weighted average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)		35,583		34,804

Diluted earnings per ordinary share	$	0.41	$	0.48


	Six Months Ended
	December 27, 2013		December 28, 2012
Net income used to determine diluted earnings per ordinary share	$	33,736	$	32,701
Weighted average number of ordinary shares outstanding (thousands of shares)		34,778		34,501
Adjustment for incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares)		583		236

Weighted average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)		35,361		34,737

Diluted earnings per ordinary share	$	0.95	$	0.94
Outstanding share options excluded in the computation of diluted earnings per ordinary share*		45,703		1,217,684

*	These share options were not included in the computation of diluted earnings per ordinary share for the three and six months ended December 27, 2013 and December 28, 2012, respectively, because the exercise price of the options was greater than the average market price of the underlying shares.

- Definition

Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

+ References+ Details

Fair value (Tables)

6 Months Ended

Dec. 27, 2013

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table sets forth the Company’s applicable assets and liabilities measured at fair value on a recurring basis as of December 27, 2013:


	Fair Value Measurements at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Balance
Derivative assets		—		110		—		110
Derivative liabilities		—		770		—		770

Net liabilities measured at fair value	$	—	$	660	$	—	$	660

The following table sets forth the Company’s applicable assets and liabilities measured at fair value on a recurring basis as of June 28, 2013:


	Fair Value Measurements at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Balance
Derivative liabilities		—		766		—		766

Net liabilities measured at fair value	$	—	$	766	$	—	$	766

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References+ Details

Allowance for doubtful accounts (Tables)

6 Months Ended

Dec. 27, 2013

Activities and Balances for Allowance for Doubtful Accounts

The activities and balances for allowance for doubtful accounts for the six months ended December 27, 2013 and December 28, 2012 were as follows:


	Balance at Beginning of Period		(Credited to Income)			Balance at End of Period
Six months ended December 27, 2013	$	109	$	(53	)	$	56
Six months ended December 28, 2012	$	203	$	(36	)	$	167

Inventory (Tables)

6 Months Ended

Dec. 27, 2013

Inventories


	December 27, 2013			June 28, 2013
Raw materials	$	28,188		$	34,572
Work in progress		53,674			43,806
Finished goods		10,983			7,342
Goods in transit		6,081			5,359

		98,926			91,079
Less: Inventory obsolescence		(2,221	)		(2,117	)

Inventory, net	$	96,705		$	88,962

Intangibles (Tables)

6 Months Ended

Dec. 27, 2013

Intangibles

The following tables present details of the Company’s intangibles:


	December 27, 2013
	Gross Carrying Amount		Accumulated Amortization			Net
Software	$	3,458	$	(3,345	)	$	113

Total intangibles	$	3,458	$	(3,345	)	$	113


	June 28, 2013
	Gross Carrying Amount		Accumulated Amortization			Net
Software	$	3,458	$	(3,294	)	$	164

Total intangibles	$	3,458	$	(3,294	)	$	164

Estimated Future Amortization of Intangibles


2014	$	42
2015		64
2016		5
2017		2

Total amortization	$	113

Borrowings (Tables)

6 Months Ended

Dec. 27, 2013

Bank Borrowings and Long-Term Debt

Bank borrowings and long-term debt was comprised of the following:


	December 27, 2013		June 28, 2013
Long-term loans from bank	$	24,077	$	28,911

Total borrowings	$	24,077	$	28,911

Long-term loans from bank consisted of:
Current portion	$	9,668	$	9,668
Non-current portion		14,409		19,243

Outstanding Borrowings Under Long-Term Loan Agreements with Banks

As of December 27, 2013 and June 28, 2013, the Company had outstanding borrowings under long-term loan agreements with banks totaling $24,077 and $28,911, respectively, which consisted of:


Contract No.	Amount				Interest Rate Per Annum (%)	Conditions	Repayment Term
Contract No.	December 27, 2013		June 28, 2013		Interest Rate Per Annum (%)	Conditions	Repayment Term
1	$	19,500	$	22,500	LIBOR + 2.8% per annum	Repayable in quarterly installments within 6 years	June 2012 to March 2017
2		4,577		6,411	SIBOR + 1.5% per annum	Repayable in quarterly installments within 8 years	May 2009 to February 2015

Total	$	24,077	$	28,911

Movements of Long-Term Loans

The movements of long-term loans were as follows for the six months ended December 27, 2013 and December 28, 2012:


	Six Months Ended
	December 27, 2013			December 28, 2012
Opening net book amount	$	28,911		$	38,579
Repayment during the period		(4,834	)		(4,834	)

Closing net book amount	$	24,077		$	33,745

Future Maturities of Long-Term Debt

As of December 27, 2013, future maturities of long-term debt were as follows at the end of each fiscal year below:


2014	$	4,834
2015		8,743
2016		6,000
2017		4,500

Total	$	24,077

Undrawn Available Credit Facilities

Undrawn available credit facilities as of December 27, 2013 and June 28, 2013 totaled:


	December 27, 2013		June 28, 2013
Bank borrowings:
Short-term loans	$	5,181	$	5,461

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

Share-based compensation (Tables)

6 Months Ended

Dec. 27, 2013

Effect of Recording Share-Based Compensation Expense

The effect of recording share-based compensation expense for the three and six months ended December 27, 2013 and December 28, 2012 was as follows:


	Three Months Ended				Six Months Ended
	December 27, 2013		December 28, 2012		December 27, 2013		December 28, 2012
Share-based compensation expense by type of award:
Share options	$	240	$	497	$	538	$	1,140
Restricted share units		1,257		881		2,522		1,492

Total share-based compensation expense		1,497		1,378		3,060		2,632

Tax effect on share-based compensation expense		—		—		—		—

Net effect on share-based compensation expense	$	1,497	$	1,378	$	3,060	$	2,632

Restricted Share Unit Activity

The following summarizes restricted share unit activity under the 2010 Plan:


	Number of Shares Underlying Restricted Share Units						Weighted-Average Grant Date Fair Value Per Share
	Six Months Ended						Six Months Ended
	December 27, 2013			December 28, 2012			December 27, 2013		December 28, 2012
Unvested balance at beginning of the period		545,668			168,275		$	12.81	$	14.44
Granted		434,018			446,884			15.01		12.35
Issued		(133,311	)*		(30,100	)		12.73		14.12
Forfeited		(6,945	)		(3,004	)		14.10		13.12

Unvested balance at end of the period		839,430			582,055		$	13.95	$	12.86

*	Included in the issued number are 566 shares vested on December 1, 2013, but not settled as of December 27, 2013.

Stock Plan 1999

Share Option Activity

The following summarizes share option activity under the 1999 Plan:


	Number of Shares Underlying Options						Weighted-Average Exercise Price Per Share
	Six Months Ended						Six Months Ended
	December 27, 2013			December 28, 2012			December 27, 2013		December 28, 2012
Shares underlying options outstanding at beginning of the period		104,078			189,540		$	5.38	$	5.18
Granted		—			—			—		—
Exercised		(73,588	)		(36,137	)		5.28		4.64
Forfeited		(100	)		—			5.75		—
Expired		(1,400	)		—			5.50		—

Shares underlying options outstanding at end of the period		28,990			153,403		$	5.62	$	5.31

Shares underlying options exercisable at end of the period		28,481			119,244		$	5.61	$	5.18

Information for Share Options Outstanding

The following summarizes information for share options outstanding as of December 27, 2013 under the 1999 Plan:


	Number of Shares Underlying Options		Exercise Price Per Share		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value
		525		4.25		0.67
		1,000		4.75		0.92
		2,100		5.00		1.13
		1,400		5.25		1.36
		23,665		5.75		2.81
		300		6.25		3.36

Options outstanding		28,990				2.52	$	427

Options exercisable		28,481				2.51	$	420

Stock Option Plan 2010

Share Option Activity

The following summarizes share option activity under the 2010 Plan:


	Number of Shares Underlying Options						Weighted-Average Exercise Price Per Share
	Six Months Ended						Six Months Ended
	December 27, 2013			December 28, 2012			December 27, 2013		December 28, 2012
Shares underlying options outstanding at beginning of the period		1,173,233			1,280,750		$	16.25	$	16.32
Granted		—			—			—		—
Exercised		(203,123	)		—			15.50		—
Forfeited		(6,420	)		(19,135	)		16.52		17.79
Expired		(23,912	)		(40,631	)		17.37		16.84

Shares underlying options outstanding at end of the period		939,778			1,220,984		$	16.39	$	16.28

Shares underlying options exercisable at end of the period		580,904			528,347		$	16.69	$	16.48

Information for Share Options Outstanding

The following summarizes information for share options outstanding as of December 27, 2013 under the 2010 Plan:


	Number of Shares Underlying Options		Exercise Price Per Share		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value
		8,368	$	13.77		3.65
		482,609		16.83		3.80
		30,000		15.05		3.85
		27,903		25.50		4.05
		7,400		26.16		4.10
		10,400		23.62		4.35
		122,442		15.16		4.64
		215,159		14.12		4.87
		27,560		19.36		5.12
		5,550		18.60		5.18
		2,387		12.83		5.37

Options outstanding		939,778				4.22	$	3,944

Options exercisable		580,904				4.10	$	2,283

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details

Commitments and contingencies (Tables)

6 Months Ended

Dec. 27, 2013

Future Minimum Lease Payments Due Under Non-Cancelable Leases

As of December 27, 2013, the future minimum lease payments due under non-cancelable leases were as follows at the end of each fiscal year below:


2014		497
2015		994
2016		948
2017		932
2018		932
Thereafter		722

Total minimum operating lease payments	$	5,025

Business segments and geographic information (Tables)

6 Months Ended

Dec. 27, 2013

Total Revenues by Geographic Regions

The Company operates primarily in three geographic regions: North America, Asia-Pacific and Europe. The following tables present total revenues by geographic regions:


	Three Months Ended
	December 27, 2013		December 28, 2012
North America	$	84,354	$	81,661
Asia-Pacific		59,697		55,399
Europe		34,511		30,366

	$	178,562	$	167,426


	Six Months Ended
	December 27, 2013		December 28, 2012
North America	$	163,151	$	152,751
Asia-Pacific		117,693		110,744
Europe		69,269		62,556

	$	350,113	$	326,051

Basic Earnings Per Ordinary Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Dec. 27, 2013	Dec. 28, 2012
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income attributable to shareholders	$ 14,539	$ 16,682	$ 33,736	$ 32,701
Weighted average number of ordinary shares outstanding (thousands of shares)	34,882	34,517	34,778	34,501
Basic earnings per ordinary share	$ 0.42	$ 0.48	$ 0.97	$ 0.95

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

Diluted Earnings Per Ordinary Share (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified

3 Months Ended

6 Months Ended

Dec. 27, 2013

Dec. 28, 2012

Dec. 27, 2013

Dec. 28, 2012

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

Net income used to determine diluted earnings per ordinary share

$ 14,539

$ 16,682

$ 33,736

$ 32,701

Weighted average number of ordinary shares outstanding (thousands of shares)

34,882,000

34,517,000

34,778,000

34,501,000

Adjustment for incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares)

701,000

287,000

583,000

236,000

Weighted average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)

35,583,000

34,804,000

35,361,000

34,737,000

Diluted earnings per ordinary share

$ 0.41

$ 0.48

$ 0.95

$ 0.94

Outstanding share options excluded in the computation of diluted earnings per ordinary share

45,703

^[1]

1,217,684

^[1]

[1]	These share options were not included in the computation of diluted earnings per ordinary share for the three and six months ended December 27, 2013 and December 28, 2012, respectively, because the exercise price of the options was greater than the average market price of the underlying shares.

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References+ Details

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring, USD $) In Thousands, unless otherwise specified	Dec. 27, 2013	Jun. 28, 2013
Fair Value Measurements at Reporting Date Using
Derivative assets	$ 110
Derivative liabilities	770	766
Net liabilities measured at fair value	660	766
Significant Other Observable Inputs (Level 2)
Fair Value Measurements at Reporting Date Using
Derivative assets	110
Derivative liabilities	770	766
Net liabilities measured at fair value	$ 660	$ 766

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References+ Details

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References+ Details

Activities and Balances for Allowance for Doubtful Accounts (Detail) (Allowance for Doubtful Accounts, USD $) In Thousands, unless otherwise specified	6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 109	$ 203
(Credited to Income)	(53)	(36)
Balance at End of Period	$ 56	$ 167

Inventory (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 27, 2013	Jun. 28, 2013
Inventory [Line Items]
Raw materials	$ 28,188	$ 34,572
Work in progress	53,674	43,806
Finished goods	10,983	7,342
Goods in transit	6,081	5,359
Inventory, Gross, Total	98,926	91,079
Less: Inventory obsolescence	(2,221)	(2,117)
Inventory, net	$ 96,705	$ 88,962

- Definition

Amount of valuation reserve for inventory.

+ References+ Details

Intangibles (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 27, 2013	Jun. 28, 2013
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,458	$ 3,458
Accumulated Amortization	(3,345)	(3,294)
Net	113	164
Software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,458	3,458
Accumulated Amortization	(3,345)	(3,294)
Net	$ 113	$ 164

Intangibles - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Dec. 27, 2013	Dec. 28, 2012
Finite-Lived Intangible Assets [Line Items]
Amortization expense related to intangibles	$ 23	$ 67	$ 51	$ 142

Estimated Future Amortization of Intangibles (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 27, 2013	Jun. 28, 2013
Finite-Lived Intangible Assets [Line Items]
2014	$ 42
2015	64
2016	5
2017	2
Net	$ 113	$ 164

Bank Borrowings and Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 27, 2013	Jun. 28, 2013	Dec. 28, 2012	Jun. 29, 2012
Debt Instrument [Line Items]
Long-term loans from bank	$ 24,077	$ 28,911	$ 33,745	$ 38,579
Total borrowings	24,077	28,911
Long-term loans from bank consisted of:
Current portion	9,668	9,668
Non-current portion	$ 14,409	$ 19,243

Borrowings - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 27, 2013	Jun. 28, 2013	Dec. 28, 2012	Jun. 29, 2012
Line of Credit Facility [Line Items]
Outstanding borrowings under long-term loan	$ 24,077	$ 28,911	$ 33,745	$ 38,579
Carrying amount of assets secured and pledged as collateral	$ 21,340	$ 21,815

Outstanding Borrowings Under Long-Term Loan Agreements with Bank (Detail) (USD $) In Thousands, unless otherwise specified					6 Months Ended		6 Months Ended
	Dec. 27, 2013	Jun. 28, 2013	Dec. 28, 2012	Jun. 29, 2012	Dec. 27, 2013 Contract No.1	Jun. 28, 2013 Contract No.1	Dec. 27, 2013 Contract No.2	Jun. 28, 2013 Contract No.2	Dec. 27, 2013 Minimum Contract No.1	Dec. 27, 2013 Minimum Contract No.2	Dec. 27, 2013 Maximum Contract No.1	Dec. 27, 2013 Maximum Contract No.2
Debt Instrument [Line Items]
Amount	$ 24,077	$ 28,911	$ 33,745	$ 38,579	$ 19,500	$ 22,500	$ 4,577	$ 6,411
Interest rate per annum (%)					LIBOR + 2.8% per annum		SIBOR + 1.5% per annum
Margin above LIBOR/SIBOR					2.80%		1.50%
Conditions					Repayable in quarterly installments within 6 years		Repayable in quarterly installments within 8 years
Repayment duration					6 years		8 years
Repayment term									2012-06	2009-05	2017-03	2015-02

Movements of Long-Term Loans (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012
Debt Instrument [Line Items]
Opening net book amount	$ 28,911	$ 38,579
Repayment during the period	(4,834)	(4,834)
Closing net book amount	$ 24,077	$ 33,745

Future Maturities of Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 27, 2013
Long Term Debt Maturities Repayments Of Principal [Line Items]
2014	$ 4,834
2015	8,743
2016	6,000
2017	4,500
Total	$ 24,077

- Definition

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References+ Details

Undrawn Available Credit Facilities (Detail) (Short-term loans, USD $) In Thousands, unless otherwise specified	Dec. 27, 2013	Jun. 28, 2013
Short-term loans
Line of Credit Facility [Line Items]
Undrawn available credit facilities	$ 5,181	$ 5,461

Income taxes - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Dec. 27, 2013	Dec. 28, 2012	Jun. 28, 2013
Income Taxes [Line Items]
Accrued interest and penalties related to uncertain tax positions	$ 363		$ 363		$ 1,835
Corporate income tax rate	(10.40%)	4.30%	(1.80%)	5.20%
Decrease in effective tax rate due to expiry of statute of limitation	1,538	588	1,538	588
Increase in deferred tax	$ 562		$ 562

Effect of Recording Share-Based Compensation Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Dec. 27, 2013	Dec. 28, 2012
Share-based compensation expense by type of award:
Share options	$ 240	$ 497	$ 538	$ 1,140
Restricted share units	1,257	881	2,522	1,492
Total share-based compensation expense	1,497	1,378	3,060	2,632
Tax effect on share-based compensation expense
Net effect on share-based compensation expense	$ 1,497	$ 1,378	$ 3,060	$ 2,632

Share Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended												0 Months Ended		6 Months Ended				6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Dec. 27, 2013	Dec. 28, 2012	Dec. 27, 2013 Cost of revenues	Dec. 28, 2012 Cost of revenues	Dec. 27, 2013 Cost of revenues	Dec. 28, 2012 Cost of revenues	Dec. 27, 2013 SG&A expenses	Dec. 28, 2012 SG&A expenses	Dec. 27, 2013 SG&A expenses	Dec. 28, 2012 SG&A expenses	Dec. 27, 2013 Restricted Shares Non Employee Director	Dec. 27, 2013 Restricted Shares Executives Restricted Stock Installment	Dec. 27, 2013 Employee Stock Option	Dec. 27, 2013 Subsequent 36 months Employee Stock Option	Dec. 27, 2013 Over four years, commencing one month after the vesting commencement date Employee Stock Option	Dec. 27, 2013 Vested after 1 year Restricted Shares Non Employee Director	Dec. 27, 2013 Stock Plan 1999	Jun. 28, 2013 Stock Plan 1999	Dec. 28, 2012 Stock Plan 1999	Jun. 29, 2012 Stock Plan 1999	Dec. 20, 2012 Stock Plan 2010	Dec. 20, 2010 Stock Plan 2010	Dec. 27, 2013 Stock Plan 2010	Jun. 28, 2013 Stock Plan 2010	Dec. 28, 2012 Stock Plan 2010	Jun. 29, 2012 Stock Plan 2010	Dec. 27, 2013 Stock Plan 2010 Restricted Shares	Jun. 28, 2013 Stock Plan 2010 Restricted Shares	Dec. 28, 2012 Stock Plan 2010 Restricted Shares	Jun. 29, 2012 Stock Plan 2010 Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,497,000	$ 1,378,000	$ 3,060,000	$ 2,632,000	$ 291,000	$ 299,000	$ 598,000	$ 644,000	$ 1,206,000	$ 1,079,000	$ 2,462,000	$ 1,988,000
Share options outstanding																			28,990	104,078	153,403	189,540			939,778	1,173,233	1,220,984	1,280,750
Additional ordinary shares authorized for issuance																							3,700,000	500,000
Ordinary shares authorized for issuance																									5,700,000
Restricted share units outstanding																													839,430	545,668	582,055	168,275
Ordinary shares available for future grant																									3,466,790
Award granted vesting period, year													1 year	4 years	4 years
Options expiration period, year															7 years
Award vesting percentage															25.00%	2.083%	2.083%	100.00%
Share-based compensation expense remained recorded																			200						450,000				6,814,000
Share-based compensation expense remained recorded, estimated amortization period																			2 months 23 days						1 year 5 months 23 days				3 years 1 month 28 days
Award granted, equal installments														4
Shares withheld to settle employee minimum statutory obligation for applicable income and other employment taxes			10,242
Tax withholdings related to net share settlement of restricted share units			$ 162,000	$ 10,000

Share Option Activity Under Nineteen Ninety Nine Plan (Detail) (USD $)	6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012
Number of Shares Underlying Options
Exercised	(276,711)	(36,137)
Weighted-Average Exercise Price Per Share
Exercised	$ 12.78	$ 4.64
Stock Plan 1999
Number of Shares Underlying Options
Beginning Balance	104,078	189,540
Granted
Exercised	(73,588)	(36,137)
Forfeited	(100)
Expired	(1,400)
Ending Balance	28,990	153,403
Shares underlying options exercisable at end of the period	28,481	119,244
Weighted-Average Exercise Price Per Share
Beginning Balance	$ 5.38	$ 5.18
Granted
Exercised	$ 5.28	$ 4.64
Forfeited	$ 5.75
Expired	$ 5.50
Ending Balance	$ 5.62	$ 5.31
Shares underlying options exercisable at end of the period	$ 5.61	$ 5.18

Information for Share Options Outstanding Under Nineteen Ninety Nine Plan (Detail) (Stock Plan 1999, USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended
	Dec. 27, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	28,990
Weighted Average Remaining Contractual Life (years)	2 years 6 months 7 days
Aggregate Intrinsic Value	$ 427
Number of Shares Underlying Options	28,481
Weighted Average Remaining Contractual Life (years)	2 years 6 months 4 days
Aggregate Intrinsic Value	$ 420
Exercise Price 1
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	525
Exercise Price Per Share	$ 4.25
Weighted Average Remaining Contractual Life (years)	8 months 1 day
Exercise Price 2
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	1,000
Exercise Price Per Share	$ 4.75
Weighted Average Remaining Contractual Life (years)	11 months 1 day
Exercise Price 3
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	2,100
Exercise Price Per Share	$ 5.00
Weighted Average Remaining Contractual Life (years)	1 year 1 month 17 days
Exercise Price 4
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	1,400
Exercise Price Per Share	$ 5.25
Weighted Average Remaining Contractual Life (years)	1 year 4 months 10 days
Exercise Price 5
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	23,665
Exercise Price Per Share	$ 5.75
Weighted Average Remaining Contractual Life (years)	2 years 9 months 22 days
Exercise Price 6
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	300
Exercise Price Per Share	$ 6.25
Weighted Average Remaining Contractual Life (years)	3 years 4 months 10 days

Share Option Activity Under Twenty Ten Plan (Detail) (USD $)	6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012
Number of Shares Underlying Options
Exercised	(276,711)	(36,137)
Weighted-Average Exercise Price Per Share
Exercised	$ 12.78	$ 4.64
Stock Plan 2010
Number of Shares Underlying Options
Beginning Balance	1,173,233	1,280,750
Granted
Exercised	(203,123)
Forfeited	(6,420)	(19,135)
Expired	(23,912)	(40,631)
Ending Balance	939,778	1,220,984
Shares underlying options exercisable at end of the period	580,904	528,347
Weighted-Average Exercise Price Per Share
Beginning Balance	$ 16.25	$ 16.32
Granted
Exercised	$ 15.50
Forfeited	$ 16.52	$ 17.79
Expired	$ 17.37	$ 16.84
Ending Balance	$ 16.39	$ 16.28
Shares underlying options exercisable at end of the period	$ 16.69	$ 16.48

Information for Share Options Outstanding Under Twenty Ten Plan (Detail) (Stock Plan 2010, USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended
	Dec. 27, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	939,778
Weighted Average Remaining Contractual Life (years)	4 years 2 months 19 days
Aggregate Intrinsic Value	$ 3,944
Number of Shares Underlying Options	580,904
Weighted Average Remaining Contractual Life(years)	4 years 1 month 6 days
Aggregate Intrinsic Value	$ 2,283
Exercise Price 1
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	8,368
Exercise Price Per Share	$ 13.77
Weighted Average Remaining Contractual Life (years)	3 years 7 months 24 days
Exercise Price 2
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	482,609
Exercise Price Per Share	$ 16.83
Weighted Average Remaining Contractual Life (years)	3 years 9 months 18 days
Exercise Price 3
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	30,000
Exercise Price Per Share	$ 15.05
Weighted Average Remaining Contractual Life (years)	3 years 10 months 6 days
Exercise Price 4
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	27,903
Exercise Price Per Share	$ 25.50
Weighted Average Remaining Contractual Life (years)	4 years 18 days
Exercise Price 5
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	7,400
Exercise Price Per Share	$ 26.16
Weighted Average Remaining Contractual Life (years)	4 years 1 month 6 days
Exercise Price 6
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	10,400
Exercise Price Per Share	$ 23.62
Weighted Average Remaining Contractual Life (years)	4 years 4 months 6 days
Exercise Price 7
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	122,442
Exercise Price Per Share	$ 15.16
Weighted Average Remaining Contractual Life (years)	4 years 7 months 21 days
Exercise Price 8
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	215,159
Exercise Price Per Share	$ 14.12
Weighted Average Remaining Contractual Life (years)	4 years 10 months 13 days
Exercise Price 9
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	27,560
Exercise Price Per Share	$ 19.36
Weighted Average Remaining Contractual Life (years)	5 years 1 month 13 days
Exercise Price 10
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	5,550
Exercise Price Per Share	$ 18.60
Weighted Average Remaining Contractual Life (years)	5 years 2 months 5 days
Exercise Price 11
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Shares Underlying Options	2,387
Exercise Price Per Share	$ 12.83
Weighted Average Remaining Contractual Life (years)	5 years 4 months 13 days

Summary of Restricted Share Unit Activity (Detail) (Stock Plan 2010, Restricted Shares, USD $)

6 Months Ended

Dec. 27, 2013

Dec. 28, 2012

Stock Plan 2010 | Restricted Shares

Number of Shares Underlying Restricted Share Units

Number of shares underlying restricted share units, Beginning Balance

545,668

168,275

Number of shares underlying restricted share units, Granted

434,018

446,884

Number of shares underlying restricted share units, Issued

(133,311)

^[1]

(30,100)

Number of shares underlying restricted share units, Forfeited

(6,945)

(3,004)

Number of shares underlying restricted share units, Ending Balance

839,430

582,055

Weighted-Average Grant Date Fair Value Per Share

Weighted-average grant date fair value per share, Beginning Balance

$ 12.81

$ 14.44

Weighted-average grant date fair value per share, Granted

$ 15.01

$ 12.35

Weighted-average grant date fair value per share, Issued

$ 12.73

$ 14.12

Weighted-average grant date fair value per share, Forfeited

$ 14.10

$ 13.12

Weighted-average grant date fair value per share, Ending Balance

$ 13.95

$ 12.86

[1]	Included in the issued number are 566 shares vested on December 1, 2013, but not settled as of December 27, 2013

Shareholders' Equity - Additional Information (Detail) (USD $)	6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Jun. 28, 2013
Shareholders Equity [Line Items]
Ordinary shares, authorized share capital	500,000,000		500,000,000
Ordinary shares, par value	$ 0.01		$ 0.01
Preferred shares, shares authorized	5,000,000		5,000,000
Preferred shares, par value	$ 0.01		$ 0.01
Ordinary shares issued upon exercise of options	276,711	36,137
Ordinary shares issued upon exercise of options, weight average exercise price	$ 12.78	$ 4.64
Ordinary shares issued upon vesting of restricted shares	122,503	29,014

- Definition

Number of share options (or share units) exercised during the current period.

+ References+ Details

Commitments and Contingencies - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Jun. 28, 2013
Commitments and Contingencies Disclosure [Line Items]
Outstanding bank guarantees given by banks on behalf of the company	$ 319		$ 336
Rental expense under operating leases	$ 420	$ 390
Maximum
Commitments and Contingencies Disclosure [Line Items]
Operating lease expiration year	2020

Future Minimum Lease Payments Due Under Non-Cancelable Leases (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 27, 2013
Leases Disclosure [Line Items]
2014	$ 497
2015	994
2016	948
2017	932
2018	932
Thereafter	722
Total minimum operating lease payments	$ 5,025

Total Revenues by Geographic Regions (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012	Dec. 27, 2013	Dec. 28, 2012
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	$ 178,562	$ 167,426	$ 350,113	$ 326,051
North America
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	84,354	81,661	163,151	152,751
Asia Pacific
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	59,697	55,399	117,693	110,744
Europe
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign And Domestic Countries [Line Items]
Revenues	$ 34,511	$ 30,366	$ 69,269	$ 62,556

Income Related to Flooding - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 27, 2013	Dec. 28, 2012 Claim	Dec. 27, 2013	Dec. 28, 2012
Unusual or Infrequent Item [Line Items]
Claims pending		5
Claims settled		4
Income related to flooding recognized	$ 0	$ 4,825	$ 6,597	$ 9,645
Proceeds from insurers in settlement of claims related to flood damage				4,904
Inventory Losses
Unusual or Infrequent Item [Line Items]
Proceeds from insurers for losses related to flooding			6,597
Payment of cash dealing with flood losses			2,167
Claim for Owned Equipment Losses
Unusual or Infrequent Item [Line Items]
Proceeds from insurers in settlement of claims related to flood damage				4,825
Claim for Business Interruption Losses
Unusual or Infrequent Item [Line Items]
Proceeds from insurers for losses related to flooding				4,741
Claim for Damage to Buildings
Unusual or Infrequent Item [Line Items]
Proceeds from insurers in settlement of claims related to flood damage				79
Any and all flood-related losses
Unusual or Infrequent Item [Line Items]
Payment of cash dealing with flood losses			3,750	6,797
Final payment by transferring equipment			2,300
Other Flood-Related Settlements
Unusual or Infrequent Item [Line Items]
Payment of cash dealing with flood losses			$ 57

Subsequent Events - Additional Information (Detail) (Subsequent Event, USD $) In Thousands, unless otherwise specified	1 Months Ended
	Jan. 31, 2014
Subsequent Event
Subsequent Event [Line Items]
Proceeds from insurers for owned and consigned equipment losses	$ 38,613

Business and Organization - Additional Information (Detail) (Asia Pacific Growth Fund III, L.P.)	Dec. 27, 2013	Jun. 28, 2013
Asia Pacific Growth Fund III, L.P.
Organization and Nature of Operations [Line Items]
Shares capital, fully diluted, held	17.70%	17.80%

Accounting Policies - Additional Information (Detail)			6 Months Ended
Accounting Policies - Additional Information (Detail)	Dec. 27, 2013 Customer	Jun. 28, 2013 Customer	Dec. 27, 2013 Maximum
Accounting Policies [Line Items]
Cash and cash equivalents, maturity period			3 months
Number of customers that contribute to 10% or more of total accounts receivable	2	2

Summary of Restricted Share Unit Activity (Parenthetical) (Detail) (Restricted Shares, Stock Plan 2010)	1 Months Ended
	Dec. 01, 2013
Restricted Shares \| Stock Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares underlying restricted share units, Vested	566

Business Segments and Geographic Information - Additional Information (Detail) (North America, USD $) In Thousands, unless otherwise specified	Dec. 27, 2013
North America
Segment Reporting Information [Line Items]
Long-lived assets	$ 332