Operating Segments (Tables)

9 Months Ended

Mar. 28, 2015

Schedule of information on reportable segments

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

	Three Months Ended						Nine Months Ended
	March 28, 2015			March 29, 2014			March 28, 2015			March 29, 2014
Net revenue:
Network Enablement	$	128.1		$	136.0		$	394.6		$	436.9
Service Enablement	39.0			36.3			132.9			102.3
Communications and Commercial Optical Products	195.2			194.6			611.6			597.2
Optical Security and Performance Products	48.4			51.1			142.3			158.2
Net revenue	$	410.7		$	418.0		$	1,281.4		$	1,294.6

Operating income (loss):
Network Enablement	$	25.8		$	18.7		$	68.4		$	72.1
Service Enablement	(9.5		)	(8.8		)	(11.2		)	(20.9		)
Communications and Commercial Optical Products	17.4			22.4			69.1			73.5
Optical Security and Performance Products	19.1			18.2			53.8			57.8
Corporate	(21.5		)	(23.3		)	(66.2		)	(70.7		)
Total segment operating income	31.3			27.2			113.9			111.8
Unallocated amounts:
Stock-based compensation	(19.6		)	(16.9		)	(50.3		)	(48.3		)
Amortization of intangibles	(15.8		)	(16.2		)	(47.0		)	(43.0		)
Loss on disposal of long-lived assets	(0.5		)	(1.0		)	(0.5		)	(0.8		)
Restructuring and related charges (1)	(8.3		)	(3.6		)	(20.9		)	(3.8		)
Other charges related to non-recurring activities (1)	(9.4		)	(1.1		)	(21.5		)	(1.1		)
Interest and other income (expense), net	0.3			0.6			1.2			0.4
Interest expense	(8.6		)	(7.7		)	(25.4		)	(21.3		)
(Loss) income from operations before income taxes	$	(30.6	)	$	(18.7	)	$	(50.5	)	$	(6.1	)

(1) During the three and nine months ended March 28, 2015, the Company incurred incremental expenses of $16.2 million and $32.9 million, respectively, to effect the Company’s plan to separate into two separate public companies. These incremental expenses included (a) restructuring charges, (b) accounting, legal, and other professional fees, (c) and cost of additional personnel and related costs dedicated to affect the separation and/or to enable Lumentum to operate successfully immediately following the split.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details