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Operating Segments and Geographic Information (Tables)
9 Months Ended
Apr. 01, 2023
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 April 1, 2023 and April 2, 2022 (in millions):
Three Months Ended April 1, 2023
Network and Service Enablement
 Network EnablementService EnablementNetwork and Service EnablementOptical Security and Performance ProductsOther Items (1)Consolidated GAAP Measures
Product revenue$121.9 $12.8 $134.7 $70.5 $— $205.2 
Service revenue27.7 14.9 42.6 — — 42.6 
Net revenue$149.6 $27.7 $177.3 $70.5 $— $247.8 
Gross profit$92.8 $19.5 $112.3 $35.7 $(7.0)$141.0 
Gross margin62.0 %70.4 %63.3 %50.6 %56.9 %
Operating income (loss)$2.5 $25.8 $(30.4)$(2.1)
Operating margin1.4 %36.6 %(0.8)%
Three Months Ended April 2, 2022
Network and Service Enablement
 Network EnablementService EnablementNetwork and Service EnablementOptical Security and Performance ProductsOther Items (1)Consolidated GAAP Measures
Product revenue$176.7 $14.5 $191.2 $84.6 $— $275.8 
Service revenue27.6 12.0 39.6 0.1 — 39.7 
Net revenue$204.3 $26.5 $230.8 $84.7 $— $315.5 
Gross profit$130.3 $18.3 $148.6 $47.0 $(8.7)$186.9 
Gross margin63.8 %69.1 %64.4 %55.5 %59.2 %
Operating income $34.4 $33.3 $(26.9)$40.8 
Operating margin14.9 %39.3 %12.9 %
Three Months Ended
 April 1, 2023April 2, 2022
Corporate reconciling items impacting gross profit:
Total segment gross profit$148.0 $195.6 
Stock-based compensation(1.2)(1.2)
Amortization of intangibles(5.9)(7.4)
Other benefits (charges) unrelated to core operating performance (1)
0.1 (0.1)
GAAP gross profit$141.0 $186.9 
Corporate reconciling items impacting operating (loss) income:
Total segment operating income$28.3 $67.7 
Stock-based compensation(12.8)(12.8)
Amortization of intangibles(8.0)(9.6)
Change in fair value of contingent liability1.9 — 
Other charges unrelated to core operating performance (1)
(1.3)(4.5)
Restructuring and related charges(10.2)— 
GAAP operating (loss) income from continuing operations$(2.1)$40.8 
(1)    During the three months ended April 1, 2023 and April 2, 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, accretion of debt discount, intangible impairment and loss on disposal of long-lived assets.
Nine Months Ended April 1, 2023
Network and Service Enablement
 Network EnablementService EnablementNetwork and Service EnablementOptical Security and Performance Products
Other Items (1)
Consolidated GAAP Measures
Product revenue$438.4 $36.9 $475.3 $239.1 $— $714.4 
Service revenue85.8 42.2 128.0 0.1 — 128.1 
Net revenue$524.2 $79.1 $603.3 $239.2 $— $842.5 
Gross profit$333.5 $53.8 $387.3 $128.0 $(22.5)$492.8 
Gross margin63.6 %68.0 %64.2 %53.5 %58.5 %
Operating income$49.8 $91.9 $(71.1)$70.6 
Operating margin8.3 %38.4 %8.4 %
Nine Months Ended April 2, 2022
Network and Service Enablement
 Network EnablementService EnablementNetwork and Service EnablementOptical Security and Performance Products
Other Items (1)
Consolidated GAAP Measures
Product revenue$545.9 $42.6 $588.5 $253.8 $— $842.3 
Service revenue77.7 36.7 114.4 0.4 — 114.8 
Net revenue$623.6 $79.3 $702.9 $254.2 $— $957.1 
Gross profit$401.0 $54.4 $455.4 $143.8 $(26.8)$572.4 
Gross margin64.3 %68.6 %64.8 %56.6 %59.8 %
Operating income$110.7 $104.6 $(78.3)$137.0 
Operating margin15.7 %41.1 %14.3 %
Nine Months Ended
 April 1, 2023April 2, 2022
Corporate reconciling items impacting gross profit:
Total segment gross profit$515.3 $599.2 
Stock-based compensation(3.6)(4.0)
Amortization of intangibles(18.7)(22.7)
Other charges unrelated to core operating performance (1)
(0.2)(0.1)
GAAP gross profit$492.8 $572.4 
Corporate reconciling items impacting operating income:
Total segment operating income$141.7 $215.3 
Stock-based compensation(38.8)(39.7)
Amortization of intangibles(25.2)(30.2)
Change in fair value of contingent liability0.1 (0.3)
Other benefits (charges) unrelated to core operating performance (1)
3.0 (8.2)
Restructuring and related (charges) benefits(10.2)0.1 
GAAP operating income from continuing operations$70.6 $137.0 
(1)    During the nine months ended April 1, 2023 and April 2, 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, accretion of debt discount, intangible impairment 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 nine months ended April 1, 2023 and April 2, 2022 (in millions):
 Three Months Ended
 April 1, 2023April 2, 2022
Product RevenueService RevenueTotalProduct RevenueService RevenueTotal
Americas:
United States$68.5 $14.0 $82.5 $72.5 $14.9 $87.4 
Other Americas14.0 4.0 18.0 17.9 3.5 21.4 
Total Americas$82.5 $18.0 $100.5 $90.4 $18.4 $108.8 
Asia-Pacific:
Greater China$43.5 $1.8 $45.3 $63.9 $1.9 $65.8 
Other Asia-Pacific24.1 6.1 30.2 43.3 5.4 48.7 
Total Asia-Pacific$67.6 $7.9 $75.5 $107.2 $7.3 $114.5 
EMEA:
Switzerland$13.4 $0.1 $13.5 $18.7 $0.1 $18.8 
Other EMEA41.7 16.6 58.3 59.5 13.9 73.4 
Total EMEA$55.1 $16.7 $71.8 $78.2 $14.0 $92.2 
Total net revenue$205.2 $42.6 $247.8 $275.8 $39.7 $315.5 
 Nine Months Ended
 April 1, 2023April 2, 2022
Product RevenueService RevenueTotalProduct RevenueService RevenueTotal
Americas:
United States$227.0 $44.6 $271.6 $239.8 $41.1 $280.9 
Other Americas47.4 10.8 58.2 64.3 10.8 75.1 
Total Americas$274.4 $55.4 $329.8 $304.1 $51.9 $356.0 
Asia-Pacific:
Greater China$165.9 $5.7 $171.6 $188.1 $6.8 $194.9 
Other Asia100.8 19.8 120.6 122.4 14.5 136.9 
Total Asia-Pacific$266.7 $25.5 $292.2 $310.5 $21.3 $331.8 
EMEA:
Switzerland$42.2 $0.3 $42.5 $43.4 $0.3 $43.7 
Other EMEA131.1 46.9 178.0 184.3 41.3 225.6 
Total EMEA$173.3 $47.2 $220.5 $227.7 $41.6 $269.3 
Total net revenue$714.4 $128.1 $842.5 $842.3 $114.8 $957.1