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Operating Segments and Geographic Information (Tables)
3 Months Ended
Sep. 29, 2018
Segment Reporting [Abstract]  
Schedule of information on reportable segments
Information on reportable segments is as follows (in millions):
 
Three Months Ended September 29, 2018
 
Network Enablement
 
Service Enablement
 
Network and Service Enablement
 
Optical Security and Performance Products
 
Other Items
 
Consolidated GAAP Measures
Product revenue
$
149.9

 
$
13.6

 
$
163.5

 
$
77.6

 
$

 
$
241.1

Service revenue
14.6

 
12.6

 
27.2

 
0.2

 

 
27.4

Net revenue
164.5

 
26.2

 
190.7

 
77.8

 

 
268.5

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
102.9

 
18.3

 
121.2

 
39.4

 
(10.2
)
 
150.4

Gross margin
62.6
%
 
69.8
%
 
63.6
%
 
50.6
%
 
 
 
56.0
 %
 
 
 
 
 
 
 
 
 
 
 
 
Operating income
 
 
 
 
16.4

 
27.4

 
(45.0
)
 
(1.2
)
Operating margin
 
 
 
 
8.6
%
 
35.2
%
 
 
 
(0.4
)%
 
Three Months Ended September 30, 2017
 
Network Enablement
 
Service Enablement
 
Network and Service Enablement
 
Optical Security and Performance Products
 
Other Items
 
Consolidated GAAP Measures
Product revenue
$
102.8

 
$
8.6

 
$
111.4

 
$
53.7

 
$

 
$
165.1

Service revenue
8.8

 
16.3

 
25.1

 
0.7

 

 
25.8

Net revenue
111.6

 
24.9

 
136.5

 
54.4

 

 
190.9

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
70.3

 
17.3

 
87.6

 
31.4

 
(6.3
)
 
112.7

Gross margin
63.0
%
 
69.5
%
 
64.2
%
 
57.7
%
 
 
 
59.0
%
 
 
 
 
 
 
 
 
 
 
 
 
Operating income
 
 
 
 
3.9

 
22.2

 
(19.4
)
 
6.7

Operating margin
 
 
 
 
2.9
%
 
40.8
%
 
 
 
3.5
%
 
Three Months Ended
 
September 29, 2018
 
September 30, 2017
Corporate reconciling items impacting gross profit:
 
 
 
Total segment gross profit
$
160.6

 
$
119.0

Stock-based compensation
(0.8
)
 
(0.9
)
Amortization of intangibles
(9.4
)
 
(4.1
)
Other charges unrelated to core operating performance (1)

 
(1.3
)
GAAP gross profit
$
150.4

 
$
112.7

 
 
 
 
Corporate reconciling items impacting operating income:
 
 
 
Total segment operating income
$
43.8

 
$
26.1

Stock-based compensation
(8.1
)
 
(7.5
)
Amortization of intangibles
(19.2
)
 
(7.2
)
Other charges unrelated to core operating performance (1)
(2.9
)
 
(3.2
)
Restructuring and related charges
(14.8
)
 
(1.5
)
GAAP operating income
$
(1.2
)
 
$
6.7


(1) During the three months ended September 29, 2018 and September 30, 2017, other charges unrelated to core operating performance primarily consisted of acquisition and integration related transformational initiatives such as the implementation of simplified automated processes, site consolidation and reorganizations, amortization of acquisition related inventory step-up, and loss on disposal of long-lived assets.
Schedule of revenue by geographic regions
The following table presents net revenue by the three geographic regions we operate in and net revenue from countries that exceeded 10% of our total net revenue, (in millions):
 
Three Months Ended
 
September 29, 2018
 
September 30, 2017
 
Product Revenue
 
Service Revenue
 
Total
 
Product Revenue
 
Service Revenue
 
Total
Americas:
 
 
 
 
 
 
 
 
 
 
 
United States
$
60.1

 
$
12.7

 
$
72.8

 
$
64.6

 
$
13.0

 
$
77.6

Other Americas
17.9

 
3.1

 
21.0

 
12.0

 
5.0

 
17.0

Total Americas
$
78.0

 
$
15.8

 
$
93.8

 
$
76.6

 
$
18.0

 
$
94.6

 
 
 
 
 

 
 
 
 
 

Asia-Pacific:
 
 
 
 

 
 
 
 
 

Greater China
$
58.7

 
$
0.2

 
$
58.9

 
$
22.4

 
$
0.6

 
$
23.0

Other Asia
36.0

 
3.5

 
39.5

 
13.1

 
1.1

 
14.2

Total Asia-Pacific
$
94.7

 
$
3.7

 
$
98.4

 
$
35.5

 
$
1.7

 
$
37.2

 
 
 
 
 

 
 
 
 
 

EMEA:
 
 
 
 

 
 
 
 
 

Switzerland
$
25.7

 
$

 
$
25.7

 
$
28.3

 
$

 
$
28.3

Other EMEA
42.7

 
7.9

 
50.6

 
24.7

 
6.1

 
30.8

Total EMEA
$
68.4

 
$
7.9

 
$
76.3

 
$
53.0

 
$
6.1

 
$
59.1

 
 
 
 
 

 
 
 
 
 

Total net revenue
$
241.1

 
$
27.4

 
$
268.5

 
$
165.1

 
$
25.8

 
$
190.9