Discontinued Operations (Tables)

9 Months Ended

Apr. 01, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

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):

	Nine Months Ended (1)
	April 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.

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

	Nine Months Ended (1)
	April 2, 2016
Net revenues	$	66.5
Cost of revenues	49.8
Amortization of acquired technologies	0.6
Gross profit	16.1
Operating expenses:
Research and development	12.5
Selling, general and administrative	24.7
Restructuring charges	0.1
Total operating expenses	37.3
Loss from operations	(21.2		)
Interest and other income (expense), net	—
Loss before income taxes	(21.2		)
Provision for income taxes	24.4
Net loss from discontinued operations	$	(45.6	)

(1) Net income from discontinued operations for the three months ended April 2, 2016 was $5.0 million comprised of costs to complete the separation offset by a benefit from income taxes from discontinued operations of $6.1 million. No income or expense has been recorded relating to the Lumentum business after the separation from Viavi on August 1, 2015.