Goodwill (Tables)

9 Months Ended

Mar. 30, 2013

Goodwill

Schedule of changes in goodwill

The following table presents the changes in goodwill allocated to the reportable segments (in millions):

	Communication Test		Optical Security and
	Test and Measurement		Performance Products (1)		Total
Balance as of June 30, 2012	$	60.4	$	8.3	$	68.7
Goodwill from GenComm acquisition (2)	5.7		—		5.7
Goodwill from Arieso acquisition (2)	40.4		—		40.4
Balance as of March 30, 2013	$	106.5	$	8.3	$	114.8

(1) During the first quarter of fiscal 2013, the reporting structure of the Advanced Optical Technologies reportable segment (“AOT”) was reorganized and its previous reporting units, which consisted of the Custom Optics Product Group (“COPG”), Flex Products Group (“Flex”) and Authentication Solutions Group (“ASG”) (excluding the Hologram Business), were merged into the new Optical Security and Performance Products reportable segment (“OSP”), having one single reporting unit, replacing AOT. As the entire $8.3 million balance of AOT’s goodwill at June 30, 2012 was attributable to the Flex reporting unit, the Company reclassified AOT’s goodwill to OSP. The Company closed the sale of the Hologram Business, a component of the ASG reporting unit, during the second quarter of fiscal 2013. As there was zero goodwill attributable to the ASG reporting unit as of June 30, 2012, the sale does not impact goodwill. Refer to “Note 17. Operating Segments” and “Note 18. Discontinued Operations” for further information.

(2) Refer to “Note 5. Mergers and Acquisitions” for further information.

The Company reviews goodwill for impairment during the fourth quarter of each fiscal year or more frequently if events or circumstances indicate that an impairment loss may have occurred.  In the fourth quarter of fiscal 2012, the Company completed the annual impairment test of goodwill, which indicated there was no goodwill impairment. There were no events or changes in circumstances which triggered an impairment review during the three and nine months ended March 30, 2013 and March 31, 2012.