XML 46 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Operating Segments and Geographic Information (Tables)
 6 Months Ended
Dec. 30, 2017
Segment Reporting [Abstract]  
Schedule of information on reportable segments
Information on reportable segments utilized by our CODM is as follows (in millions):
 
Three Months Ended

Six Months Ended
 
December 30, 2017

December 31, 2016

December 30, 2017

December 31, 2016
Net revenue:
 
 
 
 
 
 
 
OpComms
$
360.1

 
$
236.6

 
$
568.0

 
$
454.9

Lasers
44.5

 
28.4

 
79.8

 
68.2

Net revenue
$
404.6

 
$
265.0

 
$
647.8

 
$
523.1

Gross profit:
 
 
 
 
 
 
 
OpComms
161.9

 
86.7

 
234.0

 
157.7

Lasers
19.9

 
11.2

 
30.5

 
28.4

Total segment gross profit
181.8

 
97.9

 
264.5

 
186.1

Unallocated corporate items:
 
 
 
 
 
 
 
Stock-based compensation
(4.4
)
 
(2.1
)
 
(7.1
)
 
(4.1
)
Amortization of intangibles
(0.8
)
 
(1.7
)
 
(1.6
)
 
(3.4
)
Other charges (1)
(5.5
)
 
(7.1
)
 
(16.2
)
 
(9.9
)
Gross profit
$
171.1

 
$
87.0

 
$
239.6

 
$
168.7


(1) The increase in unallocated corporate items during the six months ended December 30, 2017 compared to the six months ended December 31, 2016 primarily relates to inventory write-downs due to canceled programs included in “Other charges” which were not allocated to the segments.
Schedule of concentration risks
During the three and six months ended December 30, 2017 and December 31, 2016, net revenue generated from a single end customer which represented 10% or greater of total net revenue is summarized as follows:
 
Three Months Ended
 
Six Months Ended
 
December 30, 2017
 
December 31, 2016
 
December 30, 2017
 
December 31, 2016
Customer A
49.8
%
 
*

 
37.2
%
 
*

Customer B
*

 
24.7
%
 
10.5
%
 
20.0
%
Customer C
*

 
17.5
%
 
*

 
16.6
%
Customer D
*

 
*

 
*

 
14.2
%
*Represents less than 10% of total net revenue
 
 
 
 
 
 
 
During the three and six months ended December 30, 2017 and December 31, 2016, net inventory purchased from a single contract manufacturer which represented 10% or greater of total net purchases is summarized as follows:
 
Three Months Ended
 
Six Months Ended
 
December 30, 2017
 
December 31, 2016
 
December 30, 2017
 
December 31, 2016
Vendor A
36.0
%
 
53.0
%
 
40.0
%
 
53.0
%
Vendor B
36.0
%
 
*

 
25.0
%
 
*

Vendor C
14.0
%
 
26.0
%
 
19.0
%
 
26.0
%
Vendor D
*

 
14.0
%
 
*

 
13.0
%
*Represents less than 10% of total net purchases
 
 
 
 
 
 
 
The table below discloses the percentage of our total net revenue attributable to each of our two reportable segments. In addition, it discloses the percentage of our total net revenue attributable to our product offerings which serve the Telecom, Datacom and Consumer and Industrial markets which accounted for 10% or more of our total net revenue during the last three fiscal years:
 
Three Months Ended
 
Six Months Ended
 
December 30, 2017
 
December 31, 2016
 
December 30, 2017
 
December 31, 2016
OpComms:
89.0
%
 
89.4
%
 
87.7
%
 
86.9
%
Telecom
27.2
%
 
60.5
%
 
34.1
%
 
62.3
%
Datacom
8.5
%
 
25.7
%
 
12.3
%
 
21.4
%
Consumer and Industrial
53.3
%
 
3.2
%
 
41.3
%
 
3.2
%
Lasers
11.0
%
 
10.6
%
 
12.3
%
 
13.1
%
Schedule of revenue by geographical region
The following table presents net revenue by the three geographic regions we operate in and net revenue from countries that exceeded 10% of our total net revenue (in millions, except percentage data):
 
Three Months Ended
 
Six Months Ended
 
December 30, 2017
 
December 31, 2016
 
December 30, 2017
 
December 31, 2016
Net revenue:

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

United States
$
25.9

 
6.4
%
 
$
35.6

 
13.4
%
 
$
59.5

 
9.2
%
 
$
71.5

 
13.7
%
Mexico
30.6

 
7.6

 
48.7

 
18.4

 
55.4

 
8.6

 
88.5

 
16.9

Other Americas
2.0

 
0.5

 
1.9

 
0.7

 
4.2

 
0.6

 
5.9

 
1.1

Total Americas
$
58.5

 
14.5
%
 
$
86.2

 
32.5
%
 
$
119.1

 
18.4
%
 
$
165.9

 
31.7
%


 

 

 

 

 

 

 

Asia-Pacific:

 

 

 

 

 

 

 

Hong Kong
$
45.7

 
11.3
%
 
$
75.7

 
28.6
%
 
$
94.6

 
14.6
%
 
$
134.0

 
25.6
%
Japan
89.5

 
22.1

 
21.3

 
8.0

 
123.6

 
19.1

 
52.6

 
10.1

South Korea
86.5

 
21.4

 
1.0

 
0.4

 
97.4

 
15.0

 
2.7

 
0.5

Philippines
48.4

 
12.0

 
0.1

 
—

 
63.4

 
9.8

 
0.1

 
—

Other Asia-Pacific
50.5

 
12.5

 
51.9

 
19.6

 
98.8

 
15.3

 
115.6

 
22.1

Total Asia-Pacific
$
320.6

 
79.3
%
 
$
150.0

 
56.6
%
 
$
477.8

 
73.8
%
 
$
305.0

 
58.3
%


 

 

 

 

 

 

 

EMEA
$
25.5

 
6.3
%
 
$
28.8

 
10.9
%
 
$
50.9

 
7.9
%
 
$
52.2

 
10.0
%


 

 

 

 

 

 

 

Total net revenue
$
404.6

 

 
$
265.0

 

 
$
647.8

 

 
$
523.1

 
Schedule of long-lived assets by geographical region
Long-lived assets, namely net property, plant and equipment were identified based on the operations in the corresponding geographic areas (in millions):
 
As of
 
December 30, 2017

July 1, 2017
Property, Plant and Equipment, net
 
 
 
United States
$
98.4

 
$
88.2

China
80.7

 
82.5

Thailand
87.3

 
85.3

Other countries
34.9

 
17.5

Total long-lived assets
$
301.3

 
$
273.5