Annual report pursuant to Section 13 and 15(d)

Note 18. Sale and Impairment of Real Estate Assets

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Note 18. Sale and Impairment of Real Estate Assets
 12 Months Ended
Jun. 30, 2011
Real Estate Held for Development and Sale [Abstract]  
Sale and Impairment of Real Estate Assets
SALE AND IMPAIRMENT OF REAL ESTATE ASSETS
During the fiscal year ended June 30, 2009, as part of the Company's cost reduction efforts, the Company decided to sell the remaining real estate properties owned by the Company in San Jose, California and a portion of the real estate property in Chennai, India. Based on the valuation of these assets using relevant market indicators such as range of estimated selling prices, the Company recorded asset impairment charges of $2.4 million, which were included in selling, general and administrative expenses. During the fiscal year ended June 30, 2010, the Company recorded an asset impairment charge of $15.1 million based on the valuation of these assets using relevant market indicators including a range of estimated selling prices. The real estate properties are non-financial assets consistent with Level 3 fair value measurement. This impairment charge was included in selling, general and administrative expenses. During the fiscal year ended June 30, 2011, the Company completed the sale of its remaining real estate properties in San Jose, California. The sale transaction, which closed on December 9, 2010, resulted in proceeds to the Company of $18.2 million and a gain on sale of $1.4 million recorded as an offset to selling, general and administrative expenses.