Subsequent Events

3 Months Ended

Sep. 30, 2013

Subsequent Events

Note 17. Subsequent Events

On November 1, 2013, the Company acquired the fiber amplifier and micro-optics business of Oclaro, Inc. (“the Amplifier Business”) in a transaction valued at $88.6 million. The Company had previously paid $5 million for an exclusive option to acquire the Amplifier Business which was recorded in Other assets in the Condensed Consolidated Balance Sheet at September 30, 2013. This $5.0 million payment will be applied against the total purchase price of $88.6 million. The remaining purchase price of $83.6 million consisted of an initial cash payment of $79.6 million and a $4.0 million holdback amount that is expected to be paid no later than December 31, 2014, subject to post-closing adjustments or claims. Due to the close proximity of this acquisition to the filing date of this Form 10-Q, the Company was unable to make certain financial statement disclosures related to the purchase price allocation of the Amplifier Business. For financial reporting purposes, this business will be included as part of the Company’s new operating segment, Active Optical Products.