Operating Segments (Tables)

6 Months Ended

Dec. 27, 2014

Schedule of information on reportable segments

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

	Three Months Ended						Six Months Ended
	December 27,			December 28,			December 27,			December 28,
	2014			2013			2014			2013
Net revenue:
Network Enablement	$	133.7		$	155.8		$	266.5		$	300.9
Service Enablement	45.7			39.2			93.9			66.0
Communications and Commercial Optical Products	207.1			198.0			416.4			402.6
Optical Security and Performance Products	50.6			54.6			93.9			107.1
Net revenue	$	437.1		$	447.6		$	870.7		$	876.6

Operating income (loss):
Network Enablement	$	22.5		$	30.9		$	42.6		$	53.4
Service Enablement	(2.5		)	(2.2		)	(1.7		)	(12.1		)
Communications and Commercial Optical Products	26.6			23.9			51.7			51.1
Optical Security and Performance Products	18.8			20.5			34.7			39.6
Corporate	(22.3		)	(23.9		)	(44.7		)	(47.4		)
Total segment operating income	43.1			49.2			82.6			84.6
Unallocated amounts:
Stock-based compensation	(15.0		)	(15.7		)	(30.7		)	(31.4		)
Amortization of intangibles	(16.1		)	(12.7		)	(31.2		)	(26.8		)
Gain on disposal of long-lived assets	—			0.5			—			0.2
Restructuring and related charges (1)	(9.7		)	(1.0		)	(12.6		)	(0.2		)
Other charges related to non-recurring activities (1)	(10.5		)	(0.5		)	(12.1		)	—
Interest and other income (expense), net	0.4			0.4			0.9			(0.2		)
Interest expense	(8.5		)	(8.4		)	(16.8		)	(13.6		)
(Loss) income from operations before income taxes	$	(16.3	)	$	11.8		$	(19.9	)	$	12.6

(1)

During the three months and six months ended December 27, 2014, the Company incurred incremental expenses of $16.3 million and $16.7 million, respectively to effect the Company’s plan to separate into two separate public companies. These incremental expenses included (a) restructuring charges, (b) accounting, legal, and professional fees, (c) and cost of additional labor dedicated to affect the separation and/or to enable SpinCo to operate successfully immediately following the split.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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