Operating Segments and Geographic Information (Tables)

6 Months Ended

Dec. 31, 2022

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 31, 2022		January 1, 2022		December 31, 2022		January 1, 2022
Net revenue:
OpComms	$	448.8	$	397.4	$	902.2	$	803.4
Lasers	57.2		49.3		110.6		91.7
Net revenue	$	506.0	$	446.7	$	1,012.8	$	895.1
Gross profit:
OpComms	$	197.0	$	201.8	$	413.0	$	427.7
Lasers	30.0		26.2		58.1		47.0
Total segment gross profit	227.0		228.0		471.1		474.7
Unallocated corporate items:
Stock-based compensation	(6.7)		(5.2)		(12.2)		(9.8)
Amortization of acquired intangibles	(24.8)		(15.9)		(47.7)		(31.7)
Amortization of acquired inventory fair value adjustments	(9.6)		—		(14.2)		—
Inventory and fixed asset write down due to product line exits	—		(0.1)		—		(0.1)
Integration related costs	(2.8)		—		(2.8)		—

Other (charges) gains, net (1)	(16.9)		0.7		(26.8)		6.6
Gross profit	$	166.2	$	207.5	$	367.4	$	439.7

(1) Other (charges) gains of unallocated corporate items for the three and six months ended December 31, 2022 primarily relate to $11.7 million and $19.0 million of charges to acquire components from various brokers to satisfy customer demand.

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 Ended								Six Months Ended
	December 31, 2022				January 1, 2022				December 31, 2022				January 1, 2022
	Amount		% of Total		Amount		% of Total		Amount		% of Total		Amount		% of Total
Net revenue:
Americas:
United States	$	65.5	12.9	%	$	51.0	11.4	%	$	127.7	12.6	%	$	79.1	8.8	%
Mexico	59.5		11.8		38.3		8.6		117.0		11.6		71.3		8.0
Other Americas	3.8		0.8		2.7		0.6		6.1		0.6		4.7		0.5
Total Americas	$	128.8	25.5	%	$	92.0	20.6	%	$	250.8	24.8	%	$	155.1	17.3	%

Asia-Pacific:
Hong Kong	$	65.9	13.0	%	$	115.0	25.8	%	$	143.5	14.2	%	$	257.3	28.8	%

South Korea	52.0		10.3		77.9		17.4		119.7		11.8		183.0		20.4
Japan	50.8		10.0		46.7		10.5		95.6		9.4		92.8		10.4
Thailand	77.9		15.4		26.2		5.9		135.4		13.4		43.3		4.8
Other Asia-Pacific	84.7		16.7		59.7		13.4		173.6		17.1		108.6		12.1
Total Asia-Pacific	$	331.3	65.4	%	$	325.5	73.0	%	$	667.8	65.9	%	$	685.0	76.4	%

EMEA	$	45.9	9.1	%	$	29.2	6.5	%	$	94.2	9.3	%	$	55.0	6.1	%

Total net revenue	$	506.0			$	446.7			$	1,012.8			$	895.1

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):


	December 31, 2022		July 2, 2022
Property, plant and equipment, net
United States	$	131.2	$	107.8
Thailand	131.7		107.6
Japan	94.2		38.9
China	52.2		32.7
Other countries	78.4		73.5
Total property, plant and equipment, net	$	487.7	$	360.5