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Operating Segment Information
3 Months Ended
Sep. 28, 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
 
September 28, 2014
 
September 29, 2013
 
(in thousands)
Net revenues:
 
 
 
Connectivity
$
97,935

 
$
104,735

Visibility
5,874

 
10,097

Consolidated net revenues
$
103,809

 
$
114,832

 
 
 
 
Adjusted operating income (loss):
 
 
 
Connectivity
$
15,918

 
$
14,717

Visibility
(2,955
)
 
(1,244
)
Subtotal
12,963

 
13,473

Reconciling items:
 
 
 
Stock-based compensation
(3,531
)
 
(4,572
)
Amortization of intangibles
(6,954
)
 
(7,764
)
Patent litigation damages, license fees and royalties
(1,725
)
 
(1,497
)
Mitigation expenses related to the Broadcom patents
(174
)
 
(2,519
)
Restructuring activities
373

 

Other
181

 
(373
)
Reconciling items
(11,830
)
 
(16,725
)
Operating income (loss)
$
1,133

 
$
(3,252
)
 
 
 
 
 
September 28, 2014
 
June 29, 2014
 
(in thousands)
Total assets:
 
 
 
Connectivity
$
570,083

 
$
568,709

Visibility
146,571

 
149,214

 
$
716,654

 
$
717,923

Goodwill:
 
 
 
Connectivity
$
177,290

 
$
177,290

Visibility
71,229

 
71,229

 
$
248,519

 
$
248,519