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Goodwill
9 Months Ended
Mar. 29, 2014
Goodwill  
Goodwill

Note 8. Goodwill

 

The following table presents the changes in goodwill allocated to the reportable segments (in millions):

 

 

 

Network and

 

Communications

 

Optical Security

 

 

 

 

 

Service

 

and Commercial

 

and Performance

 

 

 

 

 

Enablement (1)

 

Optical Products

 

Products

 

Total

 

Balance as of June 29, 2013

 

$

106.8

 

$

 

$

8.3

 

$

115.1

 

Goodwill from Trendium acquisition (2)

 

14.4

 

 

 

14.4

 

Goodwill from Network Instruments acquistion (2)

 

124.4

 

 

 

124.4

 

Goodwill from Time Bandwidth Products acquisition (2)

 

 

6.3

 

 

6.3

 

Currency translation and other adjustments

 

4.2

 

0.2

 

 

4.4

 

Balance as of March 29, 2014

 

$

249.8

 

$

6.5

 

$

8.3

 

$

264.6

 

 

 

(1)         In the first quarter of fiscal 2014, the Company changed the name of the Communications Test and Measurement segment to NSE. Refer to “Note 17. Operating Segments” for more details.

 

(2)        Refer to “Note 5. Mergers and Acquisitions” for more details.

 

The Company reviews goodwill for impairment during the fourth quarter of each fiscal year or more frequently if events or circumstances indicate that an impairment loss may have occurred.  In the fourth quarter of fiscal 2013, the Company completed the annual impairment test of goodwill, which indicated there was no goodwill impairment. There were no events or changes in circumstances which triggered an impairment review during the three and nine months ended March 29, 2014 and March 30, 2013.