Operating Segments (Tables)

9 Months Ended

Mar. 29, 2014

Operating Segments

Schedule of information on reportable segments

Information on reportable segments is as follows (in millions):

	Three Months Ended						Nine Months Ended
	March 29,			March 30,			March 29,			March 30,
	2014			2013			2014			2013
Net revenue:
Network Service and Enablement	$	172.3		$	174.2		$	539.2		$	539.1
Communications and Commercial Optical Products	194.6			179.2			597.2			559.9
Optical Security and Performance Products	51.1			51.9			158.2			156.6
Net revenue	$	418.0		$	405.3		$	1,294.6		$	1,255.6
Operating income (loss):
Network Service and Enablement	$	9.9		$	13.0		$	51.2		$	65.1
Communications and Commercial Optical Products	22.4			19.2			73.5			64.2
Optical Security and Performance Products	18.2			18.6			57.8			56.0
Corporate	(23.3		)	(23.2		)	(70.7		)	(70.0		)
Total segment operating income	27.2			27.6			111.8			115.3
Unallocated amounts:
Stock-based compensation	(16.9		)	(15.3		)	(48.3		)	(41.5		)
Amortization of intangibles	(16.2		)	(20.1		)	(43.0		)	(57.5		)
Loss on disposal of long-lived assets	(1.0		)	(0.2		)	(0.8		)	(1.6		)
Restructuring and related charges	(3.6		)	(0.4		)	(3.8		)	(6.1		)
Other charges related to non-recurring activities (1)	(1.1		)	(12.9		)	(1.1		)	(14.9		)
Interest and other income (expense), net	0.6			(0.9		)	0.4			(3.7		)
Interest expense	(7.7		)	(4.2		)	(21.3		)	(15.4		)
Loss from continuing operations before income taxes	$	(18.7	)	$	(26.4	)	$	(6.1	)	$	(25.4	)

(1) During the three months ended March 30, 2013, the Company incurred $11.3 million of inventory related charges, included in Cost of sales, primarily related to a write-off of inventory no longer being sold due to a strategic plan to exit NSE’s low-speed wireline product line approved in the third quarter of fiscal 2013.