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Operating Segments and Geographic Information (Tables)
 12 Months Ended
Jul. 02, 2022
Segment Reporting [Abstract]  
Schedule of information on reportable segments
Information on reportable segments utilized by our CODM is as follows (in millions):
Years Ended
July 2, 2022July 3, 2021June 27, 2020
Net revenue:
OpComms
$1,518.5 $1,620.7 $1,515.1 
Lasers
194.1 122.1 163.5 
Net revenue
$1,712.6 $1,742.8 $1,678.6 
Gross profit:
OpComms
$780.9 $830.2 $704.0 
Lasers
102.1 57.3 76.2 
Total segment gross profit
883.0 887.5 780.2 
Unallocated corporate items:
Stock-based compensation
(20.8)(19.2)(16.1)
Amortization of acquired intangibles
(62.9)(61.7)(53.8)
Amortization of inventory fair value adjustments— — (5.8)
Inventory and fixed asset write down due to product line exits (1)
(0.1)(0.4)(7.0)
Integration related costs
— — (4.9)
Other (charges) gains (2)
(10.6)(23.1)(42.4)
Gross profit
$788.6 $783.1 $650.2 
(1) In fiscal 2022, 2021 and 2020, we recorded inventory and fixed assets write down charges of $0.1 million, $0.4 million and $7.0 million, respectively, related to the decision to exit the Datacom module and Lithium Niobate product lines.
(2) Other (charges) gains of unallocated corporate items in fiscal 2022 primarily relate to $14.0 million of charges to acquire components from various brokers to satisfy customer demand, offset by a $5.9 million gain from selling equipment that was no longer needed after we transferred certain product lines to new production facilities in fiscal 2021.
Schedule of revenue by geographic region The following table presents net revenue by the three geographic regions we operate in and net revenue from countries that represented 10% or more of our total net revenue (in millions, except percentage data):
 Years Ended
 July 2, 2022July 3, 2021June 27, 2020
Net revenue:
Americas:
United States
$173.9 10.2 %$133.4 7.7 %$149.8 8.9 %
Other Americas
173.0 10.1 146.9 8.4 128.3 7.6 
Total Americas
$346.9 20.3 %$280.3 16.1 %$278.1 16.5 %
Asia-Pacific:
Hong Kong
$458.2 26.7 %$546.3 31.3 %$532.0 31.8 %
South Korea
265.2 15.5 240.0 13.8 260.9 15.5 
Japan
181.2 10.6 114.7 6.6 137.9 8.2 
Other Asia-Pacific
344.7 20.1 421.3 24.2 346.0 20.6 
Total Asia-Pacific
$1,249.3 72.9 %$1,322.3 75.9 %$1,276.8 76.1 %
EMEA$116.4 6.8 %$140.2 8.0 %$123.7 7.4 %
Total net revenue
$1,712.6 $1,742.8 $1,678.6 
Schedule of concentration risks
During the years ended July 2, 2022, July 3, 2021, and June 27, 2020, net revenue generated from a single customer which represented 10% or greater of total net revenue is summarized as follows:
Years Ended
July 2, 2022July 3, 2021June 27, 2020
Customer A28.7 %30.2 %26.0 %
Customer B12.6 %10.1 %*
Customer C*10.8 %13.2 %
*Represents less than 10% of total net revenue.
The table below discloses our total net revenue attributable to each of our two reportable segments. In addition, the table sets forth the percentage of our total net revenue attributable to our product offerings which serve Telecom and Datacom, and Consumer and Industrial markets which accounted for 10% or more of our total net revenue during the periods presented (in millions, except percentage data):
 Years Ended
 July 2, 2022July 3, 2021June 27, 2020
OpComms:
Telecom and Datacom
$1,008.7 58.9 %$1,059.7 60.8 %$1,021.8 60.9 %
Consumer and Industrial
509.8 29.8 %561.0 32.2 %493.3 29.4 %
Total OpComms$1,518.5 88.7 %$1,620.7 93.0 %$1,515.1 90.3 %
Lasers194.1 11.3 %122.1 7.0 %163.5 9.7 %
Net Revenue$1,712.6 $1,742.8 $1,678.6 
Schedule of long-lived assets by geographic region
Long-lived assets, namely property, plant and equipment, net, were identified based on the physical location of the assets in the corresponding geographic areas as of the periods indicated (in millions):
July 2, 2022July 3, 2021
United States
$107.8 $116.7 
Thailand
107.6 103.9 
Japan
38.9 36.4 
China
32.7 41.3 
Other countries
73.5 62.8 
Total long-lived assets$360.5 $361.1