10-Q Filing

Lumentum Holdings Inc. CIK: 1633978 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-016653`
Period End Date	20230331
Filing Date	20230509
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	lite-20230401_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 76 Cash Flow Statement 98 Stockholders Equity 58 Comprehensive Income 32

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized shares (in shares)	`CommonStockSharesAuthorized`	990.00M	shares	Point-in-time
Common stock, authorized shares (in shares)	`CommonStockSharesAuthorized`	990.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$549.20M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	68.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.29B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	68.70M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	68.70M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.26B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.12B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Accounts receivable, net	`ContractWithCustomerAssetNet`	$278.00M	USD	Point-in-time
Accounts receivable, net	`ContractWithCustomerAssetNet`	$262.00M	USD	Point-in-time
Inventories	`InventoryNet`	$250.10M	USD	Point-in-time
Inventories	`InventoryNet`	$410.20M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$108.20M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$78.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.14B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.46B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$360.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$482.90M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$81.50M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$73.60M	USD	Point-in-time
Goodwill	`Goodwill`	$368.90M	USD	Point-in-time
Goodwill	`Goodwill`	$696.20M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$498.40M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$155.70M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$27.00M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$116.20M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$15.20M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$37.30M	USD	Point-in-time
Total assets	`Assets`	$4.16B	USD	Point-in-time
Total assets	`Assets`	$4.35B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$198.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$156.70M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$54.60M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$41.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$44.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$59.50M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$426.20M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$409.90M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$11.20M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$14.40M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$39.40M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$29.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$716.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$768.90M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.47B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.90B	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$48.80M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$53.10M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$17.50M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$12.90M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$42.90M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$75.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.82B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.29B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 990 authorized shares, 68.7 and 68.0 shares issued and outstanding as of April 1, 2023 and July 2, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.001 par value, 990 authorized shares, 68.7 and 68.0 shares issued and outstanding as of April 1, 2023 and July 2, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.00B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.67B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-140.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-129.10M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$400.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.88B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.53B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.16B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.35B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.29B	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.40B	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$383.40M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$395.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$850.40M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$212.60M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$636.30M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$252.70M	USD	1 Quarter
Amortization of acquired developed intangibles	`CostOfGoodsAndServicesSoldAmortization`	$15.60M	USD	1 Quarter
Amortization of acquired developed intangibles	`CostOfGoodsAndServicesSoldAmortization`	$47.30M	USD	3 Qtrs
Amortization of acquired developed intangibles	`CostOfGoodsAndServicesSoldAmortization`	$18.70M	USD	1 Quarter
Amortization of acquired developed intangibles	`CostOfGoodsAndServicesSoldAmortization`	$66.40M	USD	3 Qtrs
Gross profit	`GrossProfit`	$112.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$479.40M	USD	3 Qtrs
Gross profit	`GrossProfit`	$167.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$606.90M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$85.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$233.90M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$56.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$164.00M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$196.10M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$76.40M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$280.50M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$63.80M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$-100.00K	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$1.60M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$-1.10M	USD	3 Qtrs
Restructuring and related charges	`RestructuringCharges`	$24.80M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$163.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$359.00M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$120.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$539.20M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$46.80M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$247.90M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-59.80M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-51.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.10M	USD	3 Qtrs
Interest expense	`InterestExpense`	$8.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$53.70M	USD	3 Qtrs
Interest expense	`InterestExpense`	$19.70M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.20M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$28.90M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$11.40M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.80M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossAttributableToParent`	$-48.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossAttributableToParent`	$198.00M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossAttributableToParent`	$-57.00M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossAttributableToParent`	$29.30M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$3.30M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$14.40M	USD	3 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$33.80M	USD	3 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-9.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-71.40M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-400.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-39.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$164.20M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$26.00M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-1.05	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.57	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.28	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-1.05	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.57	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.19	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	71.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.30M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	72.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.30M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.10M	shares	3 Qtrs

Cash Flow Statement 98 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-71.40M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-400.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-39.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$164.20M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$26.00M	USD	1 Quarter
Depreciation expense	`Depreciation`	$27.70M	USD	1 Quarter
Depreciation expense	`Depreciation`	$20.20M	USD	1 Quarter
Depreciation expense	`Depreciation`	$78.60M	USD	3 Qtrs
Depreciation expense	`Depreciation`	$61.20M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$75.40M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$116.30M	USD	3 Qtrs
Write-off of in-process research and development intangible assets	`ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff`	-	USD	3 Qtrs
Write-off of in-process research and development intangible assets	`ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff`	$11.50M	USD	3 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$64.30M	USD	3 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$30.00M	USD	1 Quarter
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$98.30M	USD	3 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$21.40M	USD	1 Quarter
(Gain) loss on sales and dispositions of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.30M	USD	3 Qtrs
(Gain) loss on sales and dispositions of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.50M	USD	3 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfDebtDiscountPremium`	$48.60M	USD	3 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfDebtDiscountPremium`	$17.90M	USD	3 Qtrs
Amortization of inventory fair value adjustment in connection with acquisition	`AmortizationOfInventoryFairValueAdjustmentInConnectionWithAcquisition`	$17.80M	USD	3 Qtrs
Amortization of inventory fair value adjustment in connection with acquisition	`AmortizationOfInventoryFairValueAdjustmentInConnectionWithAcquisition`	-	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$1.40M	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-9.50M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$29.40M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-51.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$26.50M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$80.60M	USD	3 Qtrs
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAssetIncreaseDecrease`	$6.90M	USD	3 Qtrs
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAssetIncreaseDecrease`	$-11.30M	USD	3 Qtrs
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.60M	USD	3 Qtrs
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.20M	USD	3 Qtrs
Income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$20.20M	USD	3 Qtrs
Income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$52.10M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-44.30M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.30M	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.80M	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-34.60M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-5.40M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$10.80M	USD	3 Qtrs
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$4.40M	USD	3 Qtrs
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$24.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$130.60M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$345.00M	USD	3 Qtrs
Payments for acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.20M	USD	3 Qtrs
Payments for acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.60M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireOtherProductiveAssets`	$861.60M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireOtherProductiveAssets`	-	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$946.80M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$720.80M	USD	3 Qtrs
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$664.00M	USD	3 Qtrs
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$871.40M	USD	3 Qtrs
Term loan funding provided to NeoPhotonics	`PaymentsToFundLongtermLoansToRelatedParties`	$30.00M	USD	3 Qtrs
Term loan funding provided to NeoPhotonics	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	3 Qtrs
Proceeds from the sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	3 Qtrs
Proceeds from the sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.40M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-369.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-803.10M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$35.80M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$448.60M	USD	3 Qtrs
Proceeds from the issuance of 0.50% Convertible Notes due 2028, net of issuance costs	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from the issuance of 0.50% Convertible Notes due 2028, net of issuance costs	`ProceedsFromConvertibleDebt`	$854.80M	USD	3 Qtrs
Payment of withholding taxes related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$33.40M	USD	3 Qtrs
Payment of withholding taxes related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$32.80M	USD	3 Qtrs
Proceeds from employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$6.60M	USD	3 Qtrs
Proceeds from employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$6.60M	USD	3 Qtrs
Repayment of term loan	`RepaymentsOfSecuredDebt`	$5.90M	USD	3 Qtrs
Repayment of term loan	`RepaymentsOfSecuredDebt`	-	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$380.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-68.50M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-741.00M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$356.00M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$549.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$774.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.29B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.13B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$549.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$774.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.29B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.13B	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$66.40M	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	$53.80M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$3.80M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$6.00M	USD	3 Qtrs
Unpaid property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$10.20M	USD	3 Qtrs
Unpaid property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$6.20M	USD	3 Qtrs
Repurchase of common stock pending settlement	`RepurchaseOfCommonStockPendingSettlement`	$2.10M	USD	3 Qtrs
Repurchase of common stock pending settlement	`RepurchaseOfCommonStockPendingSettlement`	-	USD	3 Qtrs
Settlement of loan to NeoPhotonics	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	-	USD	3 Qtrs
Settlement of loan to NeoPhotonics	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$50.00M	USD	3 Qtrs
Issuance costs in current liabilities	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	3 Qtrs
Issuance costs in current liabilities	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$700.00K	USD	3 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$13.70M	USD	3 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$19.40M	USD	3 Qtrs

Stockholders Equity 58 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	68.70M	shares	Point-in-time
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$2.02B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.88B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.54B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.53B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.54B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.91B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$-71.40M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-400.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$56.70M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-31.70M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-39.30M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$164.20M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$26.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.70M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.40M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.40M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-600.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.60M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedForWithholdingsTaxes`	$8.30M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedForWithholdingsTaxes`	$7.90M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedForWithholdingsTaxes`	$6.70M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedForWithholdingsTaxes`	$4.30M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedForWithholdingsTaxes`	$16.60M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedForWithholdingsTaxes`	$22.40M	USD	1 Quarter
Equity component of the 2026 Notes, net of tax of $49.5 million and issuance costs of $1.9 million	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$179.80M	USD	1 Quarter
ESPP shares issued	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$5.70M	USD	1 Quarter
ESPP shares issued	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$900.00K	USD	1 Quarter
ESPP shares issued	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$6.60M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	7.40M	shares	8 Qtrs
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	300,000.00	shares	3 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$324.00M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$91.70M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$29.90M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$25.70M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.70M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.70M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.90M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.10M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$35.80M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$41.40M	USD	1 Quarter
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	68.70M	shares	Point-in-time
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$2.02B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.88B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.54B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.53B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.54B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.91B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-71.40M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-400.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-39.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$164.20M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$26.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$300.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$6.40M	USD	3 Qtrs
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$3.40M	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-6.90M	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-8.90M	USD	3 Qtrs
Net change in defined benefit obligations	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Net change in defined benefit obligations	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$500.00K	USD	3 Qtrs
Net change in defined benefit obligations	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$500.00K	USD	1 Quarter
Net change in defined benefit obligations	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.70M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.70M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.40M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.40M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.30M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-600.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.60M	USD	1 Quarter
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$154.80M	USD	3 Qtrs
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$-64.70M	USD	3 Qtrs
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$-35.60M	USD	1 Quarter
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$18.60M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.