Restructuring and Related Charges

12 Months Ended

Jun. 27, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Charges

Note 14. Restructuring and Related Charges

We have initiated various strategic restructuring actions primarily intended to reduce costs, consolidate our operations, rationalize the manufacturing of our products and align our business in response to market conditions and as a result of our acquisition of Oclaro on December 10, 2018.

The following table summarizes the activity of restructuring and related charges during the periods presented (in millions):

	Years Ended
	June 27, 2020			June 29, 2019			June 30, 2018
Balance as of beginning of period	$	14.6		$	1.9		$	3.8
Charges	8.0			31.9			7.2
Payments	(17.4		)	(19.2		)	(9.1		)
Balance as of end of period	$	5.2		$	14.6		$	1.9

During fiscal 2020, we recorded $8.0 million in restructuring and related charges in our consolidated statements of operations. The charges were mainly attributable to severance charges associated with the decision to move certain manufacturing from San Jose, California to our facility in Thailand.

During fiscal 2019, we recorded $31.9 million in restructuring and related charges in our consolidated statements of operations, primarily attributable to severance and employee related benefits associated with the wind down of operations for Lithium Niobate modulators and Datacom modules of $21.1 million. In addition, the charges included severance and employee related benefits associated with Oclaro’s executive severance and retention agreements. These retention agreements provided,

under certain circumstances, for payments and benefits upon an involuntary termination of employment. In fiscal 2019, we also recorded $1.6 million of lease restructuring charges for the former Oclaro corporate headquarters and restructuring charges primarily associated with acquisition related synergies.

During fiscal 2018, we recorded $7.2 million in restructuring and related charges in the consolidated statements of operations, where $3.4 million related to severance costs and employee benefits and $3.8 million related to restructuring plans approved prior to fiscal 2016 primarily related to the shutdown of our manufacturing facility in Bloomfield, Connecticut as a result of the transfer of certain production processes into existing sites in the United States or to contract manufacturers.

Any changes in the estimates of executing our restructuring activities will be reflected in our future results of operations.