Revenue Recognition (Tables)

9 Months Ended

Apr. 01, 2023

Revenue Recognition and Deferred Revenue [Abstract]

Schedule of Concentration Risks

The table below discloses our total net revenue attributable to each of our two reportable segments. In addition, the table sets forth the percentage of our total net revenue attributable to our product offerings that serve Telecom and Datacom, and Consumer and Industrial markets, which accounted for 10% or more of our total net revenue during the periods presented (in millions, except percentage data):

	Three Months Ended								Nine Months Ended
	April 1, 2023				April 2, 2022				April 1, 2023				April 2, 2022
OpComms:
Telecom and Datacom	$	293.3	76.5	%	$	243.5	61.6	%	$	1,037.6	74.3	%	$	726.6	56.3	%
Industrial and Consumer	41.8		10.9	%	100.7		25.5	%	199.7		14.3	%	421.0		32.6	%
Total OpComms	$	335.1	87.4	%	$	344.2	87.1	%	$	1,237.3	88.6	%	$	1,147.6	88.9	%
Lasers	48.3		12.6	%	51.2		12.9	%	158.9		11.4	%	142.9		11.1	%
Net Revenue	$	383.4			$	395.4			$	1,396.2			$	1,290.5

Schedule of Changes in Contract Balances

The following table reflects the changes in contract balances for the periods presented (in millions, except percentages):

Contract balances	Balance sheet location	April 1, 2023		July 2, 2022		Change		Percentage Change
Accounts receivable, net	Accounts receivable, net	$	278.0	$	262.0	$	16.0	6.1	%
Deferred revenue and customer deposits	Other current liabilities	$	3.4	$	—	$	3.4	n/a