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Goodwill (Tables)
9 Months Ended
Mar. 28, 2015
Goodwill  
Schedule of changes in goodwill

 

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

 

 

 

Network
Enablement (1)

 

Service
Enablement (1)

 

Communications
and Commercial
Optical Products (2)

 

Optical Security
and Performance
Products

 

Total

 

Balance as of June 28, 2014

 

$

158.0

 

$

94.8

 

$

5.9

 

$

8.3

 

$

267.0

 

Currency translation adjustments

 

(5.1

)

(3.0

)

(0.4

)

 

(8.5

)

Balance as of March 28, 2015

 

$

152.9

 

$

91.8

 

$

5.5

 

$

8.3

 

$

258.5

 

 

(1) In the first quarter of fiscal 2015, the Company reorganized its NSE reportable segment into two separate reportable segments, NE and SE. The goodwill of NSE was allocated between the two new segments based on their relative fair value as of June 29, 2014, the first day of fiscal 2015. The Company determined that based on its cash flow structure, organizational structure and the financial information provided to and reviewed by Management, NE and SE also represented new reporting units for fiscal 2015. Refer to “Note 16. Operating Segments” for more information.

 

(2) The goodwill balance as of March 28, 2015 for the CCOP segment relates to the acquisition of Time-Bandwidth and has been allocated to the Lasers reporting unit.