Discontinued Operations (Tables)

6 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table summarizes results from discontinued operations of the Lumentum business included in the condensed Consolidated Statement of Operations (in millions):

	Six Months Ended (1)
	January 2, 2016
Net revenues	$	66.5
Cost of revenues	49.7
Amortization of acquired technologies	0.6
Gross profit	16.2
Operating expenses:
Research and development	12.5
Selling, general and administrative	24.0
Restructuring charges	0.1
Total operating expenses	36.6
Loss from operations	(20.4		)
Interest and other income (expense), net	0.5
Loss before income taxes	(19.9		)
Provision for income taxes	30.5
Net loss from discontinued operations	$	(50.4	)

(1) Net income from discontinued operations for the three months ended January 2, 2016 was $3.0 million comprised of costs to complete the separation offset by a benefit from income taxes from discontinued operations of $4.5 million. No income or expense has been recorded relating to the Lumentum business after the separation from Viavi on August 1, 2015.

The following table presents supplemental cash flow information: depreciation expense, amortization expense, stock based compensation expense and capital expenditures of the Lumentum business (in millions):

	Six Months Ended (1)
	January 2, 2016
Operating activities:
Depreciation expense	$	3.7
Amortization expense	0.6
Stock-based compensation expense	1.6
Investing activities:
Capital expenditures	$	5.8

(1) No depreciation expense, amortization expense, stock based compensation expense and capital expenditures relating to the Lumentum business are presented after the Separation Date.