Segments and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Summary of Financial Information by Reportable Segment

The following table provides summary financial information by reportable segment (in millions):

	June 30, 2015		December 31, 2014
Identifiable segment-related assets:
Wireless	$	2,385.7	$	2,372.8
Enterprise		1,390.6		1,403.4
Broadband		334.5		352.6
Total identifiable segment-related assets		4,110.8		4,128.8
Reconciliation to total assets:
Cash and cash equivalents		793.0		729.3
Deferred income tax assets		61.4		59.0
Funds restricted for acquisition		2,746.9		—
Total assets	$	7,712.1	$	4,917.1

Summary of Net Sales and Operating Income, Depreciation and Amortization by Reportable Segment

The following table provides net sales, operating income, depreciation and amortization by reportable segment (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Net sales:
Wireless	$	515.2		$	724.9		$	1,011.5		$	1,352.1
Enterprise		221.9			218.4			433.2			419.9
Broadband		130.6			123.4			248.6			230.9
Inter-segment eliminations		(0.4	)		(0.4	)		(0.6	)		(1.6	)
Consolidated net sales	$	867.3		$	1,066.3		$	1,692.7		$	2,001.3
Operating income:
Wireless (1)	$	70.2		$	178.9		$	134.6		$	306.5
Enterprise (2)		31.8			30.3			58.7			52.9
Broadband (3)		7.4			(5.5	)		9.2			(9.2	)
Consolidated operating income	$	109.4		$	203.7		$	202.5		$	350.2
Depreciation:
Wireless	$	7.1		$	7.3		$	14.2		$	14.2
Enterprise		2.6			2.8			5.2			5.6
Broadband		1.8			2.0			3.7			4.0
Consolidated depreciation	$	11.5		$	12.1		$	23.1		$	23.8
Amortization (4):
Wireless	$	23.1		$	22.5		$	46.2		$	45.0
Enterprise		17.3			17.4			34.7			34.7
Broadband		4.2			4.4			8.5			8.9
Consolidated amortization	$	44.6		$	44.3		$	89.4		$	88.6

(1) Operating income for the three months ended June 30, 2015 and 2014 includes transaction and integration costs of $3.8 million and $0.6 million, respectively. Transaction and integration costs for the six months ended June 30, 2015 and 2014 were $9.7 million and $1.2 million, respectively.

(2) Operating income for the three months ended June 30, 2015 and 2014 includes transaction and integration costs of $2.8 million and $0.2 million, respectively. Transaction and integration costs for the six months ended June 30, 2015 and 2014 were $5.8 million and $0.5 million, respectively. Operating income for the three and six months ended June 30, 2014 includes gains of $6.6 million and $12 million, respectively, from adjustments to the estimated fair value of contingent consideration related to the Redwood acquisition.

(3) Operating income for the three months ended June 30, 2015 and 2014 includes transaction and integration costs of $3.3 million and $0.1 million, respectively. Transaction and integration costs for the six months ended June 30, 2015 and 2014 were $5.8 million and $0.2 million, respectively. Operating income includes impairment charges of $7.2 million for the three and six months ended June 30, 2014.

(4) Excludes amortization of debt issuance costs and original issue discount.

Summary of Sales by Geographic Region, Based on Destination of Product Shipments

Sales by geographic region, based on the destination of product shipments, were as follows (in millions):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
United States	$	446.5	$	636.6	$	829.6	$	1,199.5
Europe, Middle East and Africa		177.8		188.4		336.7		358.0
Asia Pacific		160.5		159.9		350.4		288.8
Central and Latin America		65.0		60.7		131.7		119.1
Canada		17.5		20.7		44.3		35.9
Consolidated net sales	$	867.3	$	1,066.3	$	1,692.7	$	2,001.3