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CONSOLIDATED STATEMENTS OF MEZZANINE AND STOCK AND STOCKHOLDERS' EQUITY (unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Viavi Net Investment
Series A Preferred Stock
Series A Preferred Stock
Viavi Net Investment
Non-Controlling Interest Redeemable Convertible Series A Preferred Stock
Non-Controlling Interest Redeemable Convertible Series A Preferred Stock
Series A Preferred Stock
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Series A Preferred Stock
Retained Earnings
Retained Earnings
Series A Preferred Stock
Accumulated Other Comprehensive Income (Loss)
Balance in beginning, value at Jun. 28, 2014 $ 335.6 $ 312.9                   $ 22.7
Net (loss) income (3.4) (3.4)                    
Other comprehensive loss (10.2)                     (10.2)
Transfer from Viavi 58.6 58.6                    
Balance in ending, value at Jun. 27, 2015 380.6 368.1                   12.5
Pre-capitalization activity:                        
Net (loss) income (3.4) (3.4)                    
Other comprehensive loss (10.2)                     (10.2)
Transfer from Viavi 58.6 58.6                    
Post-capitalization activity:                        
Net (loss) income (3.4) (3.4)                    
Other comprehensive loss (10.2)                     (10.2)
Net (loss) income | Pre Capitalization Activity (11.7) (11.7)                    
Net (loss) income | Post Capitalization Activity 11.5                 $ 11.5    
Net (loss) income (0.2)                      
Other comprehensive loss | Pre Capitalization Activity (4.7)                     (4.7)
Other comprehensive loss | Post Capitalization Activity (0.8)                     (0.8)
Other comprehensive loss (5.5)                      
Transfer from Viavi | Pre Capitalization Activity 136.1 136.1                    
Balance in ending, value at Sep. 26, 2015 467.0       $ 33.8   $ 0.1 $ 448.5   11.4   7.0
Balance (in shares) at Sep. 26, 2015             59.0          
Pre-capitalization activity:                        
Net (loss) income | Pre Capitalization Activity (11.7) (11.7)                    
Net (loss) income | Post Capitalization Activity 11.5                 11.5    
Net (loss) income (0.2)                      
Other comprehensive loss | Pre Capitalization Activity (4.7)                     (4.7)
Other comprehensive loss | Post Capitalization Activity (0.8)                     (0.8)
Other comprehensive loss (5.5)                      
Transfer from Viavi | Pre Capitalization Activity 136.1 136.1                    
Total pre-capitalization activity | Pre Capitalization Activity 119.7 124.4                   (4.7)
Post-capitalization activity:                        
Issuance of common stock shares reclassification to separation of parent company investments | Post Capitalization Activity             58.8          
Issuance of common stock and reclassification of parent company investment in connection with the Separation | Post Capitalization Activity   (456.7)         $ 0.1 456.6        
Issuance of redeemable convertible Series A preferred stock, net of issuance costs of $2.0 million | Post Capitalization Activity     $ (35.8) $ (35.8)   $ 33.8            
Bifurcation of the redeemable convertible Series A preferred stock’s derivative | Post Capitalization Activity           (9.7)            
Bifurcation of the redeemable convertible Series A preferred stock’s derivative     9.7                  
Redemption value of the redeemable convertible Series A preferred stock | Post Capitalization Activity     (9.7)     $ 9.7     $ (9.7)      
Redemption value of the redeemable convertible Series A preferred stock     35.8                  
Net (loss) income | Pre Capitalization Activity (11.7) (11.7)                    
Net (loss) income | Post Capitalization Activity 11.5                 11.5    
Net (loss) income (0.2)                      
Other comprehensive loss | Pre Capitalization Activity (4.7)                     (4.7)
Other comprehensive loss | Post Capitalization Activity (0.8)                     (0.8)
Other comprehensive loss (5.5)                      
Release of common stock shares upon vesting of restricted stock units, shares | Post Capitalization Activity             0.3          
Shares withheld for the withholdings on vesting of restricted stock units, value | Post Capitalization Activity (2.9)             (2.9)        
Shares withheld for the withholdings on vesting of restricted stock units, shares | Post Capitalization Activity             (0.1)          
Exercise of stock options | Post Capitalization Activity 0.1             0.1        
Stock-based compensation | Post Capitalization Activity 4.4             4.4        
Accrued dividend for redeemable convertible Series A preferred stock | Post Capitalization Activity     $ (0.1)               $ (0.1)  
Total post-capitalization activity, shares | Post Capitalization Activity             59.0          
Total post-capitalization activity | Post Capitalization Activity $ (33.3) $ (492.5)     $ 33.8   $ 0.1 $ 448.5   $ 11.4   $ (0.8)