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Operating Segments and Geographic Information (Tables)
6 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Information on Reportable Segments
The following tables present information on the Company’s reportable segments for the three months ended December 31, 2022 and January 1, 2022 (in millions):
Three Months Ended December 31, 2022
Network and Service Enablement
 Network EnablementService EnablementNetwork and Service EnablementOptical Security and Performance ProductsOther Items (1)Consolidated GAAP Measures
Product revenue$150.6 $13.5 $164.1 $77.4 $— $241.5 
Service revenue29.1 13.9 43.0 — — 43.0 
Net revenue$179.7 $27.4 $207.1 $77.4 $— $284.5 
Gross profit$115.1 $18.3 $133.4 $40.5 $(6.9)$167.0 
Gross margin64.1 %66.8 %64.4 %52.3 %58.7 %
Operating income$18.5 $27.5 $(23.1)$22.9 
Operating margin8.9 %35.5 %8.0 %
Three Months Ended January 1, 2022
Network and Service Enablement
 Network EnablementService EnablementNetwork and Service EnablementOptical Security and Performance ProductsOther Items (1)Consolidated GAAP Measures
Product revenue$189.6 $17.2 $206.8 $70.6 $— $277.4 
Service revenue24.8 12.6 37.4 — — 37.4 
Net revenue$214.4 $29.8 $244.2 $70.6 $— $314.8 
Gross profit$138.0 $21.4 $159.4 $39.7 $(8.6)$190.5 
Gross margin64.4 %71.8 %65.3 %56.2 %60.5 %
Operating income $45.6 $27.7 $(24.0)$49.3 
Operating margin18.7 %39.2 %15.7 %
Three Months Ended
 December 31, 2022January 1, 2022
Corporate reconciling items impacting gross profit:
Total segment gross profit$173.9 $199.1 
Stock-based compensation(1.2)(1.2)
Amortization of intangibles(5.7)(7.4)
GAAP gross profit$167.0 $190.5 
Corporate reconciling items impacting operating income:
Total segment operating income$46.0 $73.3 
Stock-based compensation(13.0)(13.3)
Amortization of intangibles(7.9)(10.0)
Change in fair value of contingent liability(1.3)— 
Other charges unrelated to core operating performance (1)
(0.9)(0.8)
Restructuring and related benefits— 0.1 
GAAP operating income from continuing operations$22.9 $49.3 
(1)    During the three months ended December 31, 2022 and January 1, 2022, other charges unrelated to core operating performance primarily consisted of certain acquisition and integration related charges, transformational initiatives such as site consolidations, reorganization, and loss on disposal of long-lived assets.
Six Months Ended December 31, 2022
Network and Service Enablement
 Network EnablementService EnablementNetwork and Service EnablementOptical Security and Performance Products
Other Items (1)
Consolidated GAAP Measures
Product revenue$316.5 $24.1 $340.6 $168.6 $— $509.2 
Service revenue58.1 27.3 85.4 0.1 — 85.5 
Net revenue$374.6 $51.4 $426.0 $168.7 $— $594.7 
Gross profit$240.7 $34.3 $275.0 $92.3 $(15.5)$351.8 
Gross margin64.3 %66.7 %64.6 %54.7 %59.2 %
Operating income$47.3 $66.1 $(40.7)$72.7 
Operating margin11.1 %39.2 %12.2 %
Six Months Ended January 1, 2022
Network and Service Enablement
 Network EnablementService EnablementNetwork and Service EnablementOptical Security and Performance Products
Other Items (1)
Consolidated GAAP Measures
Product revenue$369.2 $28.1 $397.3 $169.2 $— $566.5 
Service revenue50.1 24.7 74.8 0.3 — 75.1 
Net revenue$419.3 $52.8 $472.1 $169.5 $— $641.6 
Gross profit$270.7 $36.1 $306.8 $96.8 $(18.1)$385.5 
Gross margin64.6 %68.4 %65.0 %57.1 %60.1 %
Operating income$76.3 $71.3 $(51.4)$96.2 
Operating margin16.2 %42.1 %15.0 %
Six Months Ended
 December 31, 2022January 1, 2022
Corporate reconciling items impacting gross profit:
Total segment gross profit$367.3 $403.6 
Stock-based compensation(2.4)(2.8)
Amortization of intangibles(12.8)(15.3)
Other charges unrelated to core operating performance (1)
(0.3)— 
GAAP gross profit$351.8 $385.5 
Corporate reconciling items impacting operating income:
Total segment operating income$113.4 $147.6 
Stock-based compensation(26.0)(26.9)
Amortization of intangibles(17.2)(20.6)
Change in fair value of contingent liability(1.8)(0.3)
Other benefits (charges) unrelated to core operating performance (1)
4.3 (3.7)
Restructuring and related benefits— 0.1 
GAAP operating income from continuing operations$72.7 $96.2 
(1)    During the six months ended December 31, 2022 and January 1, 2022, other benefits (charges) unrelated to core operating performance primarily consisted of certain acquisition and integration related charges, transformational initiatives such as site consolidations, reorganization, 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 in which the Company operates and net revenue from countries that exceeded 10% of the Company’s total net revenue for the three and six months ended December 31, 2022 and January 1, 2022 (in millions):
 Three Months Ended
 December 31, 2022January 1, 2022
Product RevenueService RevenueTotalProduct RevenueService RevenueTotal
Americas:
United States$77.5 $15.0 $92.5 $87.4 $12.8 $100.2 
Other Americas10.3 3.5 13.8 21.4 4.1 25.5 
Total Americas$87.8 $18.5 $106.3 $108.8 $16.9 $125.7 
Asia-Pacific:
Greater China$58.9 $1.8 $60.7 $54.4 $2.1 $56.5 
Other Asia-Pacific36.7 7.7 44.4 29.6 4.9 34.5 
Total Asia-Pacific$95.6 $9.5 $105.1 $84.0 $7.0 $91.0 
EMEA:
Switzerland$11.4 $0.1 $11.5 $11.6 $0.1 $11.7 
Other EMEA46.7 14.9 61.6 73.0 13.4 86.4 
Total EMEA$58.1 $15.0 $73.1 $84.6 $13.5 $98.1 
Total net revenue$241.5 $43.0 $284.5 $277.4 $37.4 $314.8 
 Six Months Ended
 December 31, 2022January 1, 2022
Product RevenueService RevenueTotalProduct RevenueService RevenueTotal
Americas:
United States$158.5 $30.6 $189.1 $167.3 $26.2 $193.5 
Other Americas33.4 6.8 40.2 46.4 7.3 53.7 
Total Americas$191.9 $37.4 $229.3 $213.7 $33.5 $247.2 
Asia-Pacific:
Greater China$122.4 $3.9 $126.3 $124.2 $4.9 $129.1 
Other Asia76.7 13.7 90.4 79.1 9.1 88.2 
Total Asia-Pacific$199.1 $17.6 $216.7 $203.3 $14.0 $217.3 
EMEA:
Switzerland$28.8 $0.2 $29.0 $24.7 $0.2 $24.9 
Other EMEA89.4 30.3 119.7 124.8 27.4 152.2 
Total EMEA$118.2 $30.5 $148.7 $149.5 $27.6 $177.1 
Total net revenue$509.2 $85.5 $594.7 $566.5 $75.1 $641.6