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COMBINED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Jun. 27, 2015
Mar. 28, 2015
Dec. 27, 2014
Sep. 27, 2014
Jun. 28, 2014
Mar. 29, 2014
Dec. 28, 2013
Sep. 28, 2013
Jun. 27, 2015
Jun. 28, 2014
Jun. 29, 2013
Income Statement [Abstract]                      
Net revenue $ 208.9 $ 198.7 $ 210.5 $ 219.0 $ 201.0 $ 201.6 $ 203.6 $ 211.7 $ 837.1 $ 817.9 $ 769.9
Cost of sales 143.4 139.7 141.7 146.8 135.0 135.4 138.3 143.6 571.6 552.3 534.9
Amortization of acquired technologies 1.9 1.9 1.9 1.9 2.2 2.2 2.3 2.3 7.6 9.0 12.2
Gross profit 63.6 57.1 66.9 70.3 63.8 64.0 63.0 65.8 257.9 256.6 222.8
Operating expenses:                      
Research and development 35.7 35.0 35.1 35.0 36.6 33.8 33.0 31.5 140.8 134.9 113.7
Selling, general and administrative 37.6 31.8 31.2 28.3 30.3 26.5 26.0 25.4 128.9 108.2 102.6
Restructuring and related charges 4.9 1.1 3.8 1.8 3.7 0.0 1.2 (0.1) 11.6 4.8 2.6
Total operating expenses 78.2 67.9 70.1 65.1 70.6 60.3 60.2 56.8 281.3 247.9 218.9
(Loss) income from operations (14.6) (10.8) (3.2) 5.2 (6.8) 3.7 2.8 9.0 (23.4) 8.7 3.9
Interest and other income (expense), net (0.3) (0.1) 0.1 (0.1) (0.1) 1.1 0.3 0.0 (0.4) 1.3 0.8
Interest expense 0.0 (0.3) (0.2) (0.2) (0.1) 0.3 (0.2) (0.2) (0.7) (0.2) (1.0)
(Loss) income before income taxes (14.9) (11.2) (3.3) 4.9 (7.0) 5.1 2.9 8.8 (24.5) 9.8 3.7
Benefit from income taxes 0.9 (23.4) 0.8 0.6 (0.3) 0.3 (1.0) 0.1 (21.1) (0.9) (2.8)
Net (loss) income $ (15.8) $ 12.2 $ (4.1) $ 4.3 $ (6.7) $ 4.8 $ 3.9 $ 8.7 $ (3.4) $ 10.7 $ 6.5
Net (loss) income per share - basic and diluted (usd per share) $ (0.27) $ 0.21 $ (0.07) $ 0.07 $ (0.11) $ 0.08 $ 0.06 $ 0.15 $ (0.06) [1] $ 0.18 [1] $ 0.11 [1]
Basic and diluted average shares outstanding (in shares) 58.8 58.8 58.8 58.8 58.8 58.8 58.8 58.8 58.8 [1] 58.8 [1] 58.8 [1]
[1] On August 1, 2015, JDS Uniphase Corporation (“JDSU”) distributed 47.1 million shares, or 80.1% of the outstanding shares of common stock of Lumentum Holdings Inc. (“Lumentum”) to existing holders of JDSU common stock. JDSU was renamed Viavi Solutions Inc. (“Viavi”) and at the time of the distribution, retained 11.7 million shares, or 19.9% of Lumentum’s outstanding shares. Basic and diluted net (loss) income per share for all periods through June 27, 2015 is calculated using the shares of Lumentum common stock outstanding on August 1, 2015. Refer to "Note 4. Earnings Per Share" to the audited annual combined financial statements for more detail.