0000912093-20-000095.txt : 20201105 0000912093-20-000095.hdr.sgml : 20201105 20201105162007 ACCESSION NUMBER: 0000912093-20-000095 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20201105 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20201105 DATE AS OF CHANGE: 20201105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIAVI SOLUTIONS INC. CENTRAL INDEX KEY: 0000912093 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 942579683 STATE OF INCORPORATION: DE FISCAL YEAR END: 0627 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22874 FILM NUMBER: 201290748 BUSINESS ADDRESS: STREET 1: 6001 AMERICA CENTER DRIVE STREET 2: 6TH FLOOR CITY: SAN JOSE STATE: CA ZIP: 95002 BUSINESS PHONE: 4084043600 MAIL ADDRESS: STREET 1: 6001 AMERICA CENTER DRIVE STREET 2: 6TH FLOOR CITY: SAN JOSE STATE: CA ZIP: 95002 FORMER COMPANY: FORMER CONFORMED NAME: JDS UNIPHASE CORP /CA/ DATE OF NAME CHANGE: 19990713 8-K 1 viavq1fy218-k.htm 8-K Document
false0000912093 0000912093 2020-11-05 2020-11-05


 
 
 
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 5, 2020
 
 
VIAVI SOLUTIONS INC.
(Exact name of Registrant as specified in its charter)
 
 
 
Delaware
 
000-22874
 
94-2579683
(State or other jurisdiction
of incorporation or organization)
 
(Commission file number)
 
(I.R.S. Employer
Identification Number)
6001 America Center Drive, San Jose,
 San Jose,
California
95002
(Address of principal executive offices and Zip Code)
 (408) 404-3600
(Registrant’s telephone number, including area code) 
Not Applicable
(Former name or former address, if changed since last report)
 
 
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol
 
Name of the exchange on which registered
Common Stock, par value of $0.001 per share
 
VIAV
 
The Nasdaq Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b) 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company. ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
 



Item 2.02. Results of Operations and Financial Condition.
On November 5, 2020, Viavi Solutions Inc. (the “Company”) reported its preliminary results for its fiscal first quarter ended October 3, 2020. A copy of the Company’s press release is furnished herewith and attached hereto as Exhibit 99.1. 
The information in this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.
 
(d)   Exhibits.
 
Exhibit No.
 
Description
 
Press release entitled “Viavi Announces First Quarter 2021 Results” dated November 5, 2020.
104
 
Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document



Signature
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
VIAVI SOLUTIONS INC.
 
 
 
 
By:
/s/ Amar Maletira
 
Name:
Amar Maletira
 
Title:
Chief Financial Officer
 
 
(Duly Authorized Officer and Principal Financial and Accounting Officer)
 
 
 
November 5, 2020
 
 

 EX-99.1 2 viavq1fy218-kex991.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1
VIAVI ANNOUNCES FIRST QUARTER FISCAL 2021 RESULTS
First Quarter
•
Net revenue of $284.7 million, down $15.1 million or 5.0% year-over-year
•
GAAP operating margin of 11.0%, up 410 bps year-over-year
•
Non-GAAP operating margin of 21.3%, up 370 bps year-over-year
•
GAAP EPS of $0.06, up $0.03 or 100.0% year-over-year
•
Non-GAAP EPS of $0.21, up $0.03 or 16.7% year-over-year

San Jose, California, November 5, 2020 — VIAVI (NASDAQ: VIAV) today reported results for its first fiscal quarter ended October 3, 2020.

First quarter of fiscal 2021 net revenue was $284.7 million. GAAP net income was $14.3 million, or $0.06 per share. Non-GAAP net income was $48.3 million, or $0.21 per share.

Fourth quarter of fiscal 2020 net revenue was $266.6 million. GAAP net income was $26.7 million or $0.12 per share. Non-GAAP net income was $40.8 million, or $0.18 per share.

First quarter of fiscal 2020 net revenue was $299.8 million. GAAP net income was $6.8 million, or $0.03 per share. Non-GAAP net income was $42.9 million, or $0.18 per share.

“Our OSP business segment delivered an all-time record quarterly revenue driven by strong demand in 3D Sensing and Anti-Counterfeiting products.  Together with a stabilizing demand environment in NSE and operating expense control, we achieved a non-GAAP EPS at $0.21 which exceeded both the guidance range and a year ago levels,” said Oleg Khaykin, VIAVI’s President and Chief Executive Officer. “We expect NSE revenue to continue recovering and strengthen sequentially driven by Field Instruments. OSP strength is expected to continue with modest pullback in 3D Sensing and Anti-Counterfeiting products, inline with fiscal Q2 seasonality.”
 
Khaykin added, “The near-term macroeconomic uncertainty notwithstanding, we expect calendar 2021 to be a growth year driven by the secular demand for 5G Wireless, Fiber and 3D Sensing.”

Financial Overview:

The tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled “Use of Non-GAAP (Adjusted) Financial Measures.”
First Quarter Ended October 3, 2020
 
GAAP Results
 
Q1
 
Q4
 
Q1
 
Change
 
FY 2021
 
FY 2020
 
FY 2020
 
Q/Q
 
Y/Y
Net revenue
$
284.7

 
$
266.6

 
$
299.8

 
6.8
 %
 
(5.0
)%
Gross margin
59.5
%
 
58.0
%
 
58.2
%
 
150 bps
 
130 bps
Operating margin
11.0
%
 
16.2
%
 
6.9
%
 
(520) bps
 
410 bps
Income from operations
31.3

 
43.3

 
20.7

 
(27.7
)%
 
51.2
 %
Net income per share
0.06

 
0.12

 
0.03

 
(50.0
)%
 
100.0
 %
 
Non-GAAP Results
 
Q1
 
Q4
 
Q1
 
Change
 
FY 2021
 
FY 2020
 
FY 2020
 
Q/Q
 
Y/Y
Non-GAAP gross margin
62.8
%
 
61.7
%
 
61.3
%
 
110 bps
 
150 bps
Non-GAAP operating margin
21.3
%
 
19.6
%
 
17.6
%
 
170 bps
 
370 bps
Non-GAAP income from operations
60.6

 
52.3

 
52.7

 
15.9
%
 
15.0
%
Non-GAAP net earnings per share
0.21

 
0.18

 
0.18

 
16.7
%
 
16.7
%

1


 
Net Revenue by Segment
 
Q1
 
% of Net
 
Q4
 
Q1
 
Change
 
FY 2021
 
revenue
 
FY 2020
 
FY 2020
 
Q/Q
 
Y/Y
Network Enablement
$
162.1

 
56.9
%
 
$
180.9

 
$
198.9

 
(10.4
)%
 
(18.5
)%
Service Enablement
21.4

 
7.5
%
 
27.5

 
20.9

 
(22.2
)%
 
2.4
 %
Optical Security and Performance Products
101.2

 
35.6
%
 
58.2

 
80.0

 
73.9
 %
 
26.5
 %
Total
$
284.7

 
100.0
%
 
$
266.6

 
$
299.8

 
6.8
 %
 
(5.0
)%

•
Americas, Asia-Pacific and EMEA customers represented 33.5%, 38.0% and 28.5%, respectively, of total net revenue for the quarter ended October 3, 2020.

•
As of October 3, 2020, the Company held $595.5 million in total cash, short-term restricted cash and investments.

•
As of October 3, 2020, the Company had $460.0 million aggregate principal amount of 1.00% Senior Convertible Notes and $225.0 million aggregate principal amount of 1.75% Senior Convertible Notes with a total net carrying value of $606.6 million classified as long-term debt.

•
During the fiscal quarter ended October 3, 2020, the Company generated $63.9 million of cash from operations.

Business Outlook for the Second Quarter of Fiscal 2021

For the second quarter of fiscal 2021 ending January 2, 2021, the Company expects net revenue to be between $280 million to $300 million and non-GAAP earnings per share to be between $0.18 and $0.20.

With respect to our expectations above, the Company has not reconciled non-GAAP net income per share to GAAP net income (loss) per share in this press release because it is unable to provide a meaningful or accurate estimate of certain reconciling items described in the “Use of Non-GAAP (Adjusted) Financial Measures” section below and the information is not available without unreasonable effort as a result of the inherent difficulty of forecasting the timing and/or amounts of certain items, including certain charges related to restructuring, acquisition, integration and related charges. In addition, the Company believes such reconciliations would imply a degree of precision that may be confusing or misleading to investors.


Conference Call

The Company will discuss these results and other related matters at 1:30 p.m. Pacific Time on November 5, 2020 in a live webcast, which will also be archived for replay on the Company’s website at https://investor.viavisolutions.com.  The Company will post supplementary slides outlining the Company’s latest financial results on https://investor.viavisolutions.com under the “Quarterly Results” section concurrently with this earnings press release. This press release is being furnished as a Current Report on Form 8-K with the Securities and Exchange Commission, and will be available at www.sec.gov.

2



 
About VIAVI Solutions

VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive and defense applications. Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn, Twitter, YouTube and Facebook.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include any expectation, anticipation or guidance as to future financial performance, including future revenue, gross margin, operating expense, operating margin, profitability targets, cash flow and other financial metrics, as well as the impact and duration of certain trends and market position and conditions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. In particular, the Company’s ability to predict future financial performance continues to be difficult due to, among other things: (a) continuing general limited visibility across many of our product lines; (b) quarter-over-quarter product mix fluctuations, which can materially impact profitability measures due to the broad gross margin ranges across our portfolio; (c) consolidations in our customer base; (d) unforeseen changes in the demand for current and new products, technologies, services, delays or unforeseen events in the roll-out of new industry platforms such as 5G or evolving technology such as 3D sensing and customer purchasing delays as they assess or transition to such new technologies and/or architectures, all of which limit near-term demand visibility, and could negatively impact potential revenue; (e) continued decline of average selling prices across our businesses; (f) notable seasonality and a significant level of in-quarter book-and-ship business; (g) various product and manufacturing transfers, site consolidations, product discontinuances and the restructuring and workforce reduction plans, including the plan announced during the first quarter of fiscal 2019 that may cause short-term disruptions; (h) challenges integrating the businesses the Company has acquired and realizing all of the expected benefits and savings; (i) the ability of our suppliers and contract manufacturers to meet production and delivery requirements to our forecasted demand; (j) potential disruptions or delays to our manufacturing and operations due to natural disasters such as the recent wildfires in Northern California; (k) the uncertain and ongoing impact to our supply chain of tariffs, sanctions and other trade measures imposed by domestic and foreign governments and the possibility of escalation of “trade wars” and retaliatory measures between nations; (l) the impact of infectious disease outbreaks, epidemics, and pandemics including the effects of the COVID-19 global pandemic on our financial results, revenues, customer demand, business operations and manufacturing and on the business operations of our customers, contract manufacturers and suppliers; and (m) inherent uncertainty related to global markets, including recessions and tightening liquidity and the effect of such markets on demand for our products. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For more information on these risks, please refer to the “Risk Factors” section included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 27, 2020 filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date thereof and the Company assumes no obligation to update such statements.
 
Contact Information

Investors:
Bill Ong
408-404-4512
bill.ong@viavisolutions.com

Press:
Amit Malhotra
202-341-8624
amit.malhotra@viavisolutions.com

The following financial tables are presented in accordance with GAAP, unless otherwise specified.
 
-SELECTED PRELIMINARY FINANCIAL DATA -

3


VIAVI SOLUTIONS INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
(unaudited)
PRELIMINARY
 
Three Months Ended
 
October 3, 2020
 
September 28, 2019
Net revenue
$
284.7

 
$
299.8

Cost of revenues
107.1

 
117.0

Amortization of acquired technologies
8.2

 
8.4

Gross profit
169.4

 
174.4

Operating expenses:
 
 
 
Research and development
48.8

 
51.5

Selling, general and administrative
81.4

 
93.2

Amortization of other intangibles
8.5

 
8.7

Restructuring and related (benefits) charges
(0.6
)
 
0.3

Total operating expenses
138.1

 
153.7

Income from operations
31.3

 
20.7

Interest income and other income, net
0.6

 
2.7

Interest expense
(9.0
)
 
(8.3
)
Income before taxes
22.9

 
15.1

Provision for income taxes
8.6

 
8.3

Net income
$
14.3

 
$
6.8

 
 
 
 
Net income per share:
 
 
 
Basic
$
0.06

 
$
0.03

Diluted
$
0.06

 
$
0.03

 
 
 
 
Shares used in per share calculations:
 
 
 
Basic

228.8

 
229.4

Diluted
231.8

 
236.4


The preliminary financial statements are estimated based on our current information.

4


VIAVI SOLUTIONS INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions, unaudited)
PRELIMINARY
 
October 3, 2020
 
June 27, 2020
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
590.8

 
$
539.0

Short-term investments
1.5

 
1.5

Restricted cash
3.2

 
3.5

Accounts receivable, net
220.1

 
235.5

Inventories, net
87.3

 
83.3

Prepayments and other current assets
58.7

 
50.8

Total current assets
961.6

 
913.6

Property, plant and equipment, net
175.4

 
172.5

Goodwill, net
387.9

 
381.4

Intangibles, net
134.4

 
148.1

Deferred income taxes
110.2

 
105.4

Other non-current assets
54.9

 
55.3

Total assets
$
1,824.4

 
$
1,776.3

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Current liabilities:
 
 
 
Accounts payable
$
45.2

 
$
53.0

Accrued payroll and related expenses
51.2

 
51.4

Deferred revenue
60.1

 
54.6

Accrued expenses
21.4

 
22.6

Current portion of long-term debt
—

 
2.8

Other current liabilities
49.6

 
48.4

Total current liabilities
227.5

 
232.8

Long-term debt
606.6

 
600.9

Other non-current liabilities
236.5

 
231.2

Total stockholders’ equity
753.8

 
711.4

Total liabilities and stockholders’ equity
$
1,824.4

 
$
1,776.3


The preliminary financial statements are estimated based on our current information.

5


VIAVI SOLUTIONS INC.
REPORTABLE SEGMENT INFORMATION
(in millions, unaudited)
PRELIMINARY
 
Three Months Ended October 3, 2020
 
Network and Service Enablement
 
 
 
 
 
 
 
 
 
Network Enablement
 
Service Enablement
 
Network and Service Enablement
 
Optical Security and Performance Products
 
Other Items (1)
 
Consolidated GAAP Measures
Net revenue
$
162.1

 
$
21.4

 
$
183.5

 
$
101.2

 
$
—

 
$
284.7

 
 
 
 
 
 
 
 
 

 
 
Gross profit
103.5

 
14.3

 
117.8

 
61.0

 
(9.4
)
 
169.4

Gross margin
63.8
%
 
66.8
%
 
64.2
%
 
60.3
%
 

 
59.5
%
 
 
 
 
 
 
 
 
 

 
 
Operating income
 
 
 
 
13.3

 
47.3

 
(29.3
)
 
31.3

Operating margin
 
 
 
 
7.2
%
 
46.7
%
 
 
 
11.0
%
 
Three Months Ended September 28, 2019
 
Network and Service Enablement
 
 
 
 
 
 
 
 
 
Network Enablement
 
Service Enablement
 
Network and Service Enablement
 
Optical Security and Performance Products
 
Other Items (1)
 
Consolidated GAAP Measures
Net revenue
$
198.9

 
$
20.9

 
$
219.8

 
$
80.0

 
$
—

 
$
299.8

 
 
 
 
 
 
 
 
 

 
 
Gross profit
128.0

 
12.6

 
140.6

 
43.3

 
(9.5
)
 
174.4

Gross margin
64.4
%
 
60.3
%
 
64.0
%
 
54.1
%
 

 
58.2
%
 
 
 
 
 
 
 
 
 

 
 
Operating income
 
 
 
 
22.3

 
30.4

 
(32.0
)
 
20.7

Operating margin
 
 
 
 
10.1
%
 
38.0
%
 
 
 
6.9
%

(1) Other items include charges unrelated to core operating performance primarily consisting of stock-based compensation, amortization of acquisition-related intangibles, restructuring and related charges, changes in fair value of contingent consideration liabilities and other charges unrelated to core operating performance.
The preliminary financial schedules are estimated based on our current information.

6


Use of Non-GAAP (Adjusted) Financial Measures

The Company provides non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA financial measures as supplemental information regarding the Company’s operational performance. The Company uses the measures disclosed in this release to evaluate the Company’s historical and prospective financial performance, as well as its performance relative to its competitors. Specifically, management uses these items to further its own understanding of the Company’s core operating performance, which the Company believes represent its performance in the ordinary, ongoing and customary course of its operations. Accordingly, management excludes from core operating performance items such as those relating to certain purchase price accounting adjustments, amortization of acquisition-related intangibles and inventory step-up, stock-based compensation, restructuring, separation costs, changes in fair value of contingent consideration liabilities and certain investing expenses and non-cash activities that management believes are not reflective of such ordinary, ongoing and customary course activities. Additionally, the Company excludes the results of discontinued operations in calculating non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA for all periods reported. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company’s core operational performance.
 
The Company believes providing this additional information allows investors to see Company results through the eyes of management. The Company further believes that providing this information allows investors to better understand the Company’s financial performance and, importantly, to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance.
 
The non-GAAP adjustments described in this release are excluded by the Company from its non-GAAP financial measures. The non-GAAP adjustments, and the basis for excluding them, are outlined below.
 
Cost of revenues, costs of research and development and costs of selling, general and administrative: The Company’s GAAP presentation of gross margin and operating expenses may include (i) additional depreciation and amortization from changes in estimated useful life and the write-down of certain property, equipment and intangibles that have been identified for disposal but remained in use until the date of disposal, (ii) workforce related charges such as severance, retention bonuses and employee relocation costs related to formal restructuring plans, (iii) costs for facilities not required for ongoing operations, and costs related to the relocation of certain equipment from these facilities and/or contract manufacturer facilities, (iv) stock-based compensation, (v) changes in fair value of contingent consideration liabilities and (vi) other charges unrelated to our core operating performance comprising mainly of acquisition related transaction costs, amortization of acquisition related inventory step-up, integration costs related to acquired entities, litigation and other costs and contingencies unrelated to current and future operations, including transformational initiatives such as the implementation of simplified automated processes, site consolidations, and reorganizations. The Company excludes these items in calculating non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company’s core operational performance.
 
Amortization of intangibles: The Company includes amortization expense related to intangibles in its GAAP presentation of cost of revenues and operating expense. The Company excludes these significant non-cash items in calculating non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA, because it believes doing so provides investors a clearer and more consistent view of the Company’s core operating performance in terms of cost of revenues and operating expenses.

Non-cash interest expense and other expense: The Company incurred non-cash interest expense accretion of the debt discount on its convertible debt instruments. The Company eliminates this in calculating non-GAAP net income (loss), and non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA, because it believes that in so doing, it can provide investors a clearer and more consistent view of the Company’s core operating performance.

Income tax expense or benefit: The Company excludes certain non-cash tax expense or benefit items, such as the utilization of net operating losses where valuation allowances were released, intra-period tax allocation benefit, the impact of US tax reform enacted in December 2017 and the tax effect for amortization of non-tax deductible intangible assets, in calculating non-GAAP net income (loss) and non-GAAP net income (loss) per share. As the Company excludes amortization of certain intangibles assets in calculating non-GAAP gross margin, non-GAAP operating profit or (loss) and non-GAAP income or (loss), the tax benefit resulting from non-tax deductible amortization expense of such intangible assets is also excluded from non-GAAP metrics. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company’s core operational performance.


7


Interest, taxes, depreciation, amortization and other adjustments: The Company’s EBITDA calculation primarily excludes interest income and other income (expense), interest expense, taxes, depreciation and amortization, and other items that are not part of its core operating performance described above. The Company’s adjusted EBITDA excludes items in addition to the items excluded from the EBITDA calculation such as stock-based compensation, restructuring and related charges (benefits), gain or loss on sale of available for-sale investments, changes in fair value of contingent consideration liabilities arising from prior acquisitions and other charges related to activities that are not part of its core operating performance described above. Management believes adjusted EBITDA is a helpful indicator of the Company’s core operational cash flow.

Non-GAAP financial measures are not in accordance with, preferable to, or an alternative for, generally accepted accounting principles in the United States. The GAAP measure most directly comparable to non-GAAP net income (loss) is net income (loss). The GAAP measure most directly comparable to non-GAAP net income (loss) per share is net income (loss) per share. The Company believes these GAAP measures alone are not fully indicative of its core operating expenses and performance and that providing non-GAAP financial measures in conjunction with GAAP measures provides valuable supplemental information regarding the Company’s overall performance.

8


VIAVI SOLUTIONS INC.
RECONCILIATION OF GAAP MEASURES FROM CONTINUING OPERATIONS
TO NON-GAAP MEASURES
(in millions, except per share data)
(unaudited)
PRELIMINARY
The following tables reconcile GAAP measures to non-GAAP measures:
 
Three Months Ended
 
October 3, 2020
 
September 28, 2019
 
Gross Profit
 
Gross Margin
 
Gross Profit
 
Gross Margin
GAAP measures
$
169.4

 
59.5
%
 
$
174.4

 
58.2
%
Stock-based compensation
1.2

 
0.4
%
 
1.0

 
0.3
%
Other charges unrelated to core operating performance
—

 
—
%
 
0.1

 
—
%
Amortization of intangibles
8.2

 
2.9
%
 
8.4

 
2.8
%
Total related to Cost of Revenue
9.4

 
3.3
%
 
9.5

 
3.1
%
Non-GAAP measures
$
178.8

 
62.8
%
 
$
183.9

 
61.3
%
 
Three Months Ended
 
October 3, 2020
 
September 28, 2019
 
Operating Income
 
Operating Margin
 
Operating Income
 
Operating Margin
GAAP measures
$
31.3

 
11.0
 %
 
$
20.7

 
6.9
%
Stock-based compensation
12.5

 
4.4
 %
 
10.3

 
3.4
%
Change in fair value of contingent liability
—

 
—
 %
 
1.7

 
0.6
%
Other charges unrelated to core operating performance (1)
0.7

 
0.2
 %
 
2.6

 
0.9
%
Amortization of intangibles
16.7

 
5.9
 %
 
17.1

 
5.7
%
Restructuring and related (benefits) charges
(0.6
)
 
(0.2
)%
 
0.3

 
0.1
%
Total related to Cost of Revenue and Operating Expenses
29.3

 
10.3
 %
 
32.0

 
10.7
%
Non-GAAP measures
$
60.6

 
21.3
 %
 
$
52.7

 
17.6
%
 
Three Months Ended
 
October 3, 2020
 
September 28, 2019
 
Net Income
 
Diluted EPS
 
Net Income
 
Diluted EPS
GAAP measures
$
14.3

 
$
0.06

 
$
6.8

 
$
0.03

Items reconciling GAAP net income and EPS to non-GAAP net income and EPS:
 
 
 
 
 
 
 
Stock-based compensation
12.5

 
0.05

 
10.3

 
0.04

Other charges unrelated to core operating performance (1)
0.7

 
—

 
4.3

 
0.02

Amortization of intangibles
16.7

 
0.07

 
17.1

 
0.07

Restructuring and related (benefits) charges
(0.6
)
 
—

 
0.3

 
—

Non-cash interest expense and other expense
5.4

 
0.02

 
5.1

 
0.02

Benefit from income taxes
(0.7
)
 
—

 
(1.0
)
 
—

Total related to net income and EPS
34.0

 
0.15

 
36.1

 
0.15

Non-GAAP measures
$
48.3

 
$
0.21

 
$
42.9

 
$
0.18

Shares used in per share calculation for Non-GAAP EPS
 
 
231.8

 
 
 
236.4

Note: Certain totals may not add due to rounding
(1) Other items include charges unrelated to core operating performance primarily consisted of certain acquisition and integration related changes, transformational initiatives such as, site consolidations, and reorganization, loss on sale of investments and loss on disposal of long-lived assets.

The preliminary financial schedules are estimated based on our current information.

9


VIAVI SOLUTIONS INC.
RECONCILIATION OF GAAP MEASURES FROM CONTINUING OPERATIONS
TO ADJUSTED EBITDA
(in millions, unaudited)
PRELIMINARY
 
Three Months Ended
 
October 3, 2020
 
September 28, 2019
GAAP net income
$
14.3

 
$
6.8

Interest income and other income, net
(0.6
)
 
(2.7
)
Interest expense
9.0

 
8.3

Provision for income taxes
8.6

 
8.3

Depreciation
8.8

 
9.8

Amortization
16.7

 
17.1

EBITDA
56.8

 
47.6

Costs related to restructuring and related (benefits) charges
(0.6
)
 
0.3

Costs related to stock-based compensation
12.5

 
10.3

Change in fair value of contingent liability
—

 
1.7

Other charges unrelated to core operating performance (1)
0.7

 
2.6

Adjusted EBITDA
$
69.4

 
$
62.5

Note: Certain totals may not add due to rounding
(1) Other items include charges unrelated to core operating performance primarily consisted of acquisition and integration related charges, transformational initiatives such as site consolidations, and reorganization, loss on sale of investments and loss on disposal of long-lived assets.

The preliminary financial schedules are estimated based on our current information.

10
 EX-101.SCH 3 viav-20201105.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0004000 - Document - Cover page Cover page link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 viav-20201105_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 viav-20201105_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 viav-20201105_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Cover [Abstract] Document Type Document Type Document Period End Date Document Period End Date Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Registrant Name Entity Registrant Name Entity File Number Entity File Number Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Address, City or Town Entity Address, City or Town Entity Address, State or Province Entity Address, State or Province Entity Address, Postal Zip Code Entity Address, Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Title of 12(b) Security Title of 12(b) Security Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Written Communications Written Communications Soliciting Material Soliciting Material Pre-commencement Tender Offer Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Entity Emerging Growth Company Entity Emerging Growth Company Amendment Flag Amendment Flag Entity Central Index Key Entity Central Index Key EX-101.PRE 7 viav-20201105_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 8 viavq1fy218-k_htm.xml IDEA: XBRL DOCUMENT 0000912093 2020-11-05 2020-11-05 false 0000912093 8-K 2020-11-05 VIAVI SOLUTIONS INC. DE 000-22874 94-2579683 6001 America Center Drive, San Jose,  San Jose, CA 95002 408 404-3600 Common Stock, par value of $0.001 per share VIAV NASDAQ false false false false false XML 9 R1.htm IDEA: XBRL DOCUMENT v3.20.2
Cover page Cover page
Nov. 05, 2020
Cover [Abstract]  
Document Type 8-K
Document Period End Date Nov. 05, 2020
Entity Incorporation, State or Country Code DE
Entity Registrant Name VIAVI SOLUTIONS INC.
Entity File Number 000-22874
Entity Tax Identification Number 94-2579683
Entity Address, Address Line One 6001 America Center Drive, San Jose,
Entity Address, City or Town  San Jose,
Entity Address, State or Province CA
Entity Address, Postal Zip Code 95002
City Area Code 408
Local Phone Number 404-3600
Title of 12(b) Security Common Stock, par value of $0.001 per share
Trading Symbol VIAV
Security Exchange Name NASDAQ
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0000912093
EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 11 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.2 html 1 95 1 false 0 0 false 0 false false R1.htm 0004000 - Document - Cover page Cover page Sheet http://www.viavisolutions.com/role/CoverPageCoverPage Cover page Cover page Cover 1 false false All Reports Book All Reports viavq1fy218-k.htm viav-20201105.xsd viav-20201105_cal.xml viav-20201105_def.xml viav-20201105_lab.xml viav-20201105_pre.xml viavq1fy218-kex991.htm http://xbrl.sec.gov/dei/2020-01-31 true true JSON 15 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "viavq1fy218-k.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "calculationLink": { "local": [ "viav-20201105_cal.xml" ] }, "definitionLink": { "local": [ "viav-20201105_def.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-eedm-def-2020-01-31.xml", "http://xbrl.fasb.org/srt/2020/elts/srt-eedm1-def-2020-01-31.xml" ] }, "inline": { "local": [ "viavq1fy218-k.htm" ] }, "labelLink": { "local": [ "viav-20201105_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2020/dei-doc-2020-01-31.xml" ] }, "presentationLink": { "local": [ "viav-20201105_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2020/dei-ref-2020-01-31.xml" ] }, "schema": { "local": [ "viav-20201105.xsd" ], "remote": [ "http://xbrl.fasb.org/srt/2020/elts/srt-types-2020-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-roles-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-roles-2020-01-31.xsd", "https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-types-2020-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/currency/2020/currency-2020-01-31.xsd", "https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd", "https://xbrl.sec.gov/exch/2020/exch-2020-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "https://xbrl.sec.gov/sic/2020/sic-2020-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2020-01-31": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 95, "memberCustom": 0, "memberStandard": 0, "nsprefix": "viav", "nsuri": "http://www.viavisolutions.com/20201105", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "viavq1fy218-k.htm", "contextRef": "D2021Q1", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0004000 - Document - Cover page Cover page", "role": "http://www.viavisolutions.com/role/CoverPageCoverPage", "shortName": "Cover page Cover page", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "viavq1fy218-k.htm", "contextRef": "D2021Q1", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.viavisolutions.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 16 0000912093-20-000095-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000912093-20-000095-xbrl.zip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end