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Operating Segments and Geographic Information (Tables)
6 Months Ended
Dec. 29, 2018
Segment Reporting [Abstract]  
Schedule of information on reportable segments
Information on reportable segments is as follows (in millions):
 
Three Months Ended December 29, 2018
 
Network Enablement
 
Service Enablement
 
Network and Service Enablement
 
Optical Security and Performance Products
 
Other Items
 
Consolidated GAAP Measures
Product revenue
$
176.0

 
$
13.8

 
$
189.8

 
$
83.0

 
$

 
$
272.8

Service revenue
19.5

 
14.4

 
33.9

 
0.2

 

 
34.1

Net revenue
$
195.5

 
$
28.2

 
$
223.7

 
$
83.2

 
$

 
$
306.9

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
125.7

 
20.3

 
146.0

 
41.8

 
(9.8
)
 
178.0

Gross margin
64.3
%
 
72.0
%
 
65.3
%
 
50.2
%
 
 
 
58.0
%
 
 
 
 
 
 
 
 
 
 
 
 
Operating income
 
 
 
 
32.8

 
31.1

 
(31.0
)
 
32.9

Operating margin
 
 
 
 
14.7
%
 
37.4
%
 
 
 
10.7
%
 
Three Months Ended December 30, 2017
 
Network Enablement
 
Service Enablement
 
Network and Service Enablement
 
Optical Security and Performance Products
 
Other Items
 
Consolidated GAAP Measures
Product revenue
$
114.5

 
$
19.1

 
$
133.6

 
$
47.7

 
$

 
$
181.3

Service revenue
7.5

 
16.1

 
23.6

 
0.5

 

 
24.1

Net revenue
$
122.0

 
$
35.2

 
$
157.2

 
$
48.2

 
$

 
$
205.4

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
74.4

 
25.1

 
99.5

 
26.2

 
(6.3
)
 
119.4

Gross margin
61.0
%
 
71.3
%
 
63.3
%
 
54.4
%
 
 
 
58.1
%
 
 
 
 
 
 
 
 
 
 
 
 
Operating income
 
 
 
 
11.2

 
17.4

 
(21.7
)
 
6.9

Operating margin
 
 
 
 
7.1
%
 
36.1
%
 
 
 
3.4
%

 
Three Months Ended
 
December 29, 2018
 
December 30, 2017
Corporate reconciling items impacting gross profit:
 
 
 
Total segment gross profit
$
187.8

 
$
125.7

Stock-based compensation
(0.9
)
 
(0.7
)
Amortization of intangibles
(8.5
)
 
(4.1
)
Other charges unrelated to core operating performance (1)
(0.4
)
 
(1.5
)
GAAP gross profit
$
178.0

 
$
119.4

 
 
 
 
Corporate reconciling items impacting operating income:
 
 
 
Total segment operating income
$
63.9

 
$
28.6

Stock-based compensation
(9.6
)
 
(7.7
)
Amortization of intangibles
(18.9
)
 
(7.5
)
Other charges unrelated to core operating performance (2)
(2.2
)
 
(4.0
)
Restructuring and related charges
(0.3
)
 
(2.5
)
GAAP operating income
$
32.9

 
$
6.9


(1) 
During the three months ended December 29, 2018 and December 30, 2017, other charges unrelated to core operating performance primarily consisted of acquisition and integration related expenses such as amortization of acquisition related inventory step-up, site consolidations and reorganizations.

(2) 
During the three months ended December 29, 2018 and December 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.

Six Months Ended December 29, 2018
 
Network Enablement

Service Enablement

Network and Service Enablement

Optical Security and Performance Products

Other Items

Consolidated GAAP Measures
Product revenue
$
325.9

 
$
27.4

 
$
353.3

 
$
160.6

 
$

 
$
513.9

Service revenue
34.1

 
27.0

 
61.1

 
0.4

 

 
61.5

Net revenue
360.0


54.4


414.4


161.0




575.4













Gross profit
228.6


38.6


267.2


81.2


(20.0
)

328.4

Gross margin
63.5
%

71.0
%

64.5
%

50.4
%



57.1
%












Operating income




49.2


58.5


(76.0
)

31.7

Operating margin




11.9
%

36.3
%



5.5
%

 
Six Months Ended December 30, 2017
 
Network Enablement
 
Service Enablement
 
Network and Service Enablement
 
Optical Security and Performance Products
 
Other Items
 
Consolidated GAAP Measures
Product revenue
$
217.3

 
$
27.7

 
$
245.0

 
$
101.4

 
$

 
$
346.4

Service revenue
16.3

 
32.4

 
48.7

 
1.2

 

 
49.9

Net revenue
233.6

 
60.1

 
293.7

 
102.6

 

 
396.3

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
144.7

 
42.4

 
187.1

 
57.6

 
(12.6
)
 
232.1

Gross margin
61.9
%
 
70.5
%
 
63.7
%
 
56.1
%
 
 
 
58.6
%
 
 
 
 
 
 
 
 
 
 
 
 
Operating income
 
 
 
 
15.1

 
39.6

 
(41.1
)
 
13.6

Operating margin
 
 
 
 
5.1
%
 
38.6
%
 
 
 
3.4
%

 
Six Months Ended
 
December 29, 2018
 
December 30, 2017
Corporate reconciling items impacting gross profit:
 
 
 
Total segment gross profit
$
348.4

 
$
244.7

Stock-based compensation
(1.7
)
 
(1.6
)
Amortization of intangibles
(17.9
)
 
(8.2
)
Other charges unrelated to core operating performance (1)
(0.4
)
 
(2.8
)
GAAP gross profit
$
328.4

 
$
232.1

 
 
 
 
Corporate reconciling items impacting operating income:
 
 
 
Total segment operating income
$
107.7

 
$
54.7

Stock-based compensation
(17.7
)
 
(15.2
)
Amortization of intangibles
(38.1
)
 
(14.7
)
Other charges unrelated to core operating performance (2)
(5.1
)
 
(7.2
)
Restructuring and related charges
(15.1
)
 
(4.0
)
GAAP operating income (loss) from continuing operations
$
31.7

 
$
13.6

(1) 
During the six months ended December 29, 2018 and December 30, 2017, other charges unrelated to core operating performance primarily consisted of acquisition and integration related expenses such as amortization of acquisition related inventory step-up, site consolidations and reorganizations.

(2) 
During the six months ended December 29, 2018 and December 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
he 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
 
December 29, 2018
 
December 30, 2017
 
Product Revenue
 
Service Revenue
 
Total
 
Product Revenue
 
Service Revenue
 
Total
Americas:
 
 
 
 
 
 
 
 
 
 
 
United States
$
89.8

 
$
14.3

 
$
104.1

 
$
76.5

 
$
13.8

 
$
90.3

Other Americas
17.3

 
4.0

 
21.3

 
20.1

 
3.6

 
23.7

Total Americas
$
107.1

 
$
18.3

 
$
125.4

 
$
96.6

 
$
17.4

 
$
114.0

 
 
 
 
 

 
 
 
 
 

Asia-Pacific:
 
 
 
 

 
 
 
 
 

Greater China
$
64.8

 
$
2.1

 
$
66.9

 
$
28.7

 
$
0.4

 
$
29.1

Other Asia
30.4

 
3.6

 
34.0

 
15.9

 
0.9

 
16.8

Total Asia-Pacific
$
95.2

 
$
5.7

 
$
100.9

 
$
44.6

 
$
1.3

 
$
45.9

 
 
 
 
 

 
 
 
 
 

EMEA:
 
 
 
 

 
 
 
 
 

Switzerland
$
23.0

 
$

 
$
23.0

 
$
12.2

 
$

 
$
12.2

Other EMEA
47.5

 
10.1

 
57.6

 
27.9

 
5.4

 
33.3

Total EMEA
$
70.5

 
$
10.1

 
$
80.6

 
$
40.1

 
$
5.4

 
$
45.5

 
 
 
 
 

 
 
 
 
 

Total net revenue
$
272.8

 
$
34.1

 
$
306.9

 
$
181.3

 
$
24.1

 
$
205.4

 
Six Months Ended
 
December 29, 2018
 
December 30, 2017
 
Product Revenue
 
Service Revenue
 
Total
 
Product Revenue
 
Service Revenue
 
Total
Americas:
 
 
 
 
 
 
 
 
 
 
 
United States
$
149.9

 
$
27.0

 
$
176.9

 
$
141.1

 
$
26.8

 
$
167.9

Other Americas
35.2

 
7.1

 
42.3

 
32.1

 
8.6

 
40.7

Total Americas
$
185.1

 
$
34.1

 
$
219.2

 
$
173.2

 
$
35.4

 
$
208.6

 
 
 
 
 
 
 
 
 
 
 
 
Asia-Pacific:
 
 
 
 
 
 
 
 
 
 
 
Greater China
$
123.5

 
$
2.3

 
$
125.8

 
$
51.1

 
$
1.0

 
$
52.1

Other Asia
66.4

 
7.1

 
73.5

 
29.0

 
2.0

 
31.0

Total Asia-Pacific
$
189.9

 
$
9.4

 
$
199.3

 
$
80.1

 
$
3.0

 
$
83.1

 
 
 
 
 
 
 
 
 
 
 
 
EMEA:
 
 
 
 
 
 
 
 
 
 
 
Switzerland
$
48.7

 
$

 
$
48.7

 
$
40.5

 
$

 
$
40.5

Other EMEA
90.2

 
18.0

 
108.2

 
52.6

 
11.5

 
64.1

Total EMEA
$
138.9

 
$
18.0

 
$
156.9

 
$
93.1

 
$
11.5

 
$
104.6

 
 
 
 
 
 
 
 
 
 
 
 
Total net revenue
$
513.9

 
$
61.5

 
$
575.4

 
$
346.4

 
$
49.9

 
$
396.3