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Goodwill (Tables)
 12 Months Ended
Jun. 27, 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 29, 2013 (3)

 

$
66.7

 

$
40.1

 

$

—

 

$
8.3

 

$
115.1

 

Goodwill from Trendium Acquisition (6)

 
9.0

 
5.4

 

—

 

—

 
14.4

 

Good will from Network Instruments Acquisitions (6)

 
78.6

 
47.1

 

—

 

—

 
125.7

 

Goodwill from Time-Bandwidth Acquisition (6)

 

—

 

—

 
5.8

 

—

 
5.8

 

Currency Translation and other adjustments

 
3.7

 
2.2

 
0.1

 

—

 
6.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 28, 2014 (4)

 

$
158.0

 

$
94.8

 

$
5.9

 

$
8.3

 

$
267.0

 

Currency translation and other adjustments

 
(3.5

)
(2.1

)
(0.3

)

—

 
(5.9

)

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 27, 2015 (5)

 

$
154.5

 

$
92.7

 

$
5.6

 

$
8.3

 

$
261.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 17. Operating Segments and Geographic Information” for more information.

 

(2)

The goodwill balance as of June 27, 2015 for the CCOP segment relates to the acquisition of Time-Bandwidth and has been allocated to the Lasers reporting unit.

 

(3)

Gross goodwill balances for CCOP, NE, SE and OSP were $5,111.3 million, $368.6 million, $221.3 million and $92.8 million, respectively as of June 29, 2013. Accumulated impairment for CCOP, NE, SE and OSP were $5,111.3 million, $301.9 million, $181.2 million and $84.5 million, respectively as of June 29, 2013.

 

(4)

Gross goodwill balances for CCOP, NE, SE and OSP were $5,117.2 million, $459.9 million, $276.0 million and $92.8 million, respectively as of June 28, 2014. Accumulated impairment for CCOP, NE, SE and OSP were $5,111.3 million, $301.9 million, $181.2 million and $84.5 million, respectively as of June 28, 2014.

 

(5)

Gross goodwill balances for CCOP, NE, SE and OSP were $5,116.9 million, $456.4 million, $273.9 million and $92.8 million, respectively as of June 27, 2015. Accumulated impairment for CCOP, NE, SE and OSP were $5,111.3 million, $301.9 million, $181.2 million and $84.5 million, respectively as of June 27, 2015.

 

(6)

Refer to “Note 5. Mergers and Acquisitions” of Notes to Consolidated Financial Statements for more information.
Schedule of gross goodwill and accumulated impairment balances

 

The following table presents gross goodwill and accumulated impairment balances for the fiscal years ended June 27, 2015, and June 28, 2014 (in millions):

 

 

 

Years Ended

 

 

 

June 27, 2015

 

June 28, 2014

 

Gross goodwill balance

 

$
5,940.0

 

$
5,945.9

 

Accumulated impairment losses

 
(5,678.9

)
(5,678.9

)

 

 

 

 

 

 

Net goodwill balance

 

$
261.1

 

$
267.0