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Operating Segment Information
9 Months Ended
Mar. 30, 2014
Segment Reporting [Abstract]  
Operating Segment Information
Operating Segment Information
Emulex has two reportable business segments, Connectivity (formerly referred to as Networking) and Visibility. The Visibility segment was formed as a result of the acquisition of Endace on February 26, 2013. The Connectivity segment includes the operating results of Network Connectivity Products (NCP) and Storage Connectivity and Other Products (SCOP). The Visibility segment includes the operating results of Network Visibility Products (NVP) resulting from the Endace acquisition.
The chief operating decision maker measures the performance of each of these segments based on adjusted operating results. The operating results of each segment are adjusted for certain expenses and reflect an additional way of viewing aspects of the Company's operations, factors and trends. However, these measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with accounting principles generally accepted in the United States.
 
 
Three Months Ended
 
Nine Months Ended
 
March 30, 2014
 
March 31, 2013
 
March 30, 2014
 
March 31, 2013
 
(in thousands)
Net revenues:
 
 
 
 
 
 
 
Connectivity
$
102,672

 
$
111,913

 
$
320,755

 
$
353,325

Visibility
7,058

 
4,873

 
26,803

 
4,873

Consolidated net revenues
$
109,730

 
$
116,786

 
$
347,558

 
$
358,198

 
 
 
 
 
 
 
 
Adjusted operating (loss) income:
 
 
 
 
 
 
 
Connectivity
17,107

 
15,253

 
53,967

 
55,911

Visibility
(3,085
)
 
(461
)
 
(5,817
)
 
(461
)
Subtotal
14,022

 
14,792

 
48,150

 
55,450

Reconciling items:
 
 
 
 
 
 
 
Stock-based compensation
(3,910
)
 
(5,338
)
 
(12,226
)
 
(16,267
)
Amortization of intangibles
(7,824
)
 
(6,966
)
 
(23,430
)
 
(20,151
)
Patent litigation damages, license fees and royalties
(1,978
)
 
(1,426
)
 
(5,833
)
 
(3,376
)
Mitigation expenses related to the Broadcom patents
(5,104
)
 
(3,026
)
 
(8,553
)
 
(4,490
)
Restructuring activities
(416
)
 

 
(7,866
)
 

Other
(607
)
 
(1,472
)
 
(900
)
 
(3,532
)
Reconciling items
(19,839
)
 
(18,228
)
 
(58,808
)
 
(47,816
)
Operating (loss) income
(5,817
)
 
(3,436
)
 
(10,658
)
 
7,634

 
 
 
 
 
 
 
 
 
 
 
 
 
March 30, 2014
 
June 30, 2013
 
 
 
(in thousands)
Total assets:
 
 
 
 
 
 
 
Connectivity


 


 
$
625,687

 
$
549,443

Visibility


 


 
154,294

 
161,266

 


 


 
$
779,981

 
$
710,709

Goodwill:
 
 
 
 
 
 
 
Connectivity


 


 
$
177,290

 
$
177,290

Visibility


 


 
71,229

 
71,229

 


 


 
$
248,519

 
$
248,519