Operating Segments (Tables)

9 Months Ended

Mar. 30, 2013

Operating Segments

Schedule of information on reportable segments

Information on reportable segments is as follows (in millions):

	Three Months Ended						Nine Months Ended
	March 30,			March 31,			March 30,			March 31,
	2013			2012			2013			2012
Net revenue:
Communications Test and Measurement	$	174.2		$	177.8		$	539.1		$	559.2
Communications and Commercial Optical Products	179.2			173.1			559.9			516.6
Optical Security and Performance Products	51.9			52.4			156.6			153.2
Deferred revenue related to purchase accounting adjustment	—			—			—			(0.6		)
Net revenue	$	405.3		$	403.3		$	1,255.6		$	1,228.4
Operating income (loss):
Communications Test and Measurement	$	13.0		$	20.1		$	65.1		$	72.2
Communications and Commercial Optical Products	19.2			14.1			64.2			56.3
Optical Security and Performance Products	18.6			18.5			56.0			53.0
Corporate	(23.2		)	(23.5		)	(70.0		)	(65.9		)
Total segment operating income	27.6			29.2			115.3			115.6
Unallocated amounts:
Stock-based compensation	(15.3		)	(13.3		)	(41.5		)	(37.1		)
Acquisition-related charges and amortization of intangibles	(20.1		)	(19.8		)	(58.8		)	(60.6		)
Loss on disposal of long-lived assets	(0.2		)	(0.2		)	(1.6		)	(0.9		)
Restructuring and related charges	(0.4		)	(2.0		)	(6.1		)	(7.5		)
Other non-recurring charges (1)	(12.9		)	(0.3		)	(13.6		)	(9.6		)
Interest and other income	(0.9		)	0.2			(3.7		)	2.2
Interest expense	(4.2		)	(6.9		)	(15.4		)	(20.1		)
Loss from continuing operations before income taxes	$	(26.4	)	$	(13.1	)	$	(25.4	)	$	(18.0	)

(1) During the three months ended March 30, 2013, the Company incurred $11.3 million of inventory related charges, included in Cost of sales, primarily related to a write-off of inventory no longer being sold due to a strategic plan to exit the low-speed wireline product line approved in the third quarter of fiscal 2013.