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Operating Segments and Geographic Information (Tables)
9 Months Ended
Apr. 02, 2022
Segment Reporting [Abstract]  
Schedule of information on reportable segments
Information on reportable segments utilized by our CODM is as follows (in millions):
Three Months EndedNine Months Ended
April 2, 2022April 3, 2021April 2, 2022April 3, 2021
Net revenue:
OpComms
$344.2 $387.9 $1,147.6 $1,265.5 
Lasers
51.2 31.6 142.9 85.2 
Net revenue
$395.4 $419.5 $1,290.5 $1,350.7 
Gross profit:
OpComms
$168.5 $194.3 $596.2 $660.9 
Lasers
27.1 14.9 74.1 39.4 
Total segment gross profit
195.6 209.2 670.3 700.3 
Unallocated corporate items:
Stock-based compensation
(5.4)(5.3)(15.2)(13.8)
Amortization of acquired intangibles
(15.6)(15.8)(47.3)(45.8)
Inventory and fixed asset write down due to
product line exits
— — (0.1)(0.4)
Other (charges) gains (1)
(7.4)(3.1)(0.8)(20.0)
Gross profit
$167.2 $185.0 $606.9 $620.3 
(1) Other (charges) gains of unallocated corporate items for the three months ended April 2, 2022 primarily relate to $5.8 million of charges to acquire components from various brokers to satisfy customer demand.
Other (charges) gains of unallocated corporate items for the nine months ended April 2, 2022 primarily relate to $5.8 million of charges to acquire components from various brokers to satisfy customer demand, offset by a $5.9 million gain as a result of selling equipment that was no longer needed after we transferred certain product lines to new production facilities in fiscal 2021.
Other (charges) gains of unallocated corporate items for the three and nine months ended April 3, 2021 relate to costs of transferring product lines to new production facilities, including Thailand of $1.4 million and $6.5 million, respectively. We also incurred excess and obsolete inventory charges driven by U.S. trade restrictions and the related decline in demand from Huawei of $1.0 million and $7.7 million during the three and nine months ended April 3, 2021, respectively. Our excess and obsolete inventory charges related to Huawei were offset by $2.1 million of sale of inventory previously written down during the three and nine months ended April 3, 2021. During the nine months ended April 3, 2021, there was also a $5.0 million fixed asset write-off associated with excess capacity related to our Fiber laser business.
Schedule of revenue by geographic region The following table presents net revenue by the three geographic regions we operate in and net revenue from countries that generally represented 10% or more of our total net revenue (in millions, except percentage data):
 Three Months EndedNine Months Ended
 April 2, 2022April 3, 2021April 2, 2022April 3, 2021
Amount% of TotalAmount% of TotalAmount% of TotalAmount% of Total
Net revenue:
Americas:
United States
$36.3 9.2 %$38.2 9.1 %$115.4 8.9 %$98.2 7.3 %
Mexico
42.3 10.7 16.3 3.9 113.6 8.8 107.4 8.0 
Other Americas
3.0 0.7 3.7 0.9 7.7 0.6 10.5 0.7 
Total Americas
$81.6 20.6 %$58.2 13.9 %$236.7 18.3 %$216.1 16.0 %
Asia-Pacific:
Hong Kong
$109.2 27.6 %$134.2 32.0 %$366.5 28.4 %$426.6 31.6 %
Philippines
2.5 0.6 30.9 7.4 20.5 1.6 134.3 9.9 
South Korea
50.3 12.7 63.3 15.1 233.3 18.1 185.3 13.7 
Japan
44.5 11.3 32.6 7.7 137.3 10.6 81.0 6.0 
Other Asia-Pacific
78.9 20.0 64.0 15.2 212.8 16.5 201.2 14.9 
Total Asia-Pacific
$285.4 72.2 %$325.0 77.4 %$970.4 75.2 %$1,028.4 76.1 %
EMEA$28.4 7.2 %$36.3 8.7 %$83.4 6.5 %$106.2 7.9 %
Total net revenue$395.4 $419.5 $1,290.5 $1,350.7 
Schedule of long-lived assets by geographic region
Long-lived assets, namely property, plant and equipment, net, were identified based on the physical location of the assets in the corresponding geographic areas as of the periods indicated (in millions):
April 2, 2022July 3, 2021
Property, plant and equipment, net
United States
$111.1 $116.7 
Thailand
100.9 103.9 
China
35.8 41.3 
Japan
36.9 36.4 
Other countries
71.7 62.8 
Total property, plant and equipment, net$356.4 $361.1