10-Q Filing

Lumentum Holdings Inc. CIK: 1633978 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001633978-19-000002`
Period End Date	20181231
Filing Date	20190207
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	lite-20181229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 100 Cash Flow Statement 100 Comprehensive Income 24

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$397.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$272.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$202.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$371.30M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$314.20M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$312.80M	USD	Point-in-time
Accounts receivable, net	`ContractWithCustomerAssetNet`	$197.10M	USD	Point-in-time
Accounts receivable, net	`ContractWithCustomerAssetNet`	$266.50M	USD	Point-in-time
Inventories	`InventoryNet`	$153.60M	USD	Point-in-time
Inventories	`InventoryNet`	$303.20M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$103.10M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$65.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.36B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.13B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$306.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$444.70M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$11.30M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$344.70M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$7.00M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	990.00M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$445.00M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	990.00M	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$125.60M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	76.10M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	62.79M	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$184.30M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.50M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$21.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	76.10M	shares	Point-in-time
Total assets	`Assets`	$1.58B	USD	Point-in-time
Total assets	`Assets`	$2.80B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$199.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$126.50M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$41.20M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$31.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$46.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$33.90M	USD	Point-in-time
Term loan, current	`SecuredDebtCurrent`	$5.00M	USD	Point-in-time
Term loan, current	`SecuredDebtCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$22.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$33.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$325.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$214.00M	USD	Point-in-time
Convertible notes	`ConvertibleDebtNoncurrent`	$334.20M	USD	Point-in-time
Convertible notes	`ConvertibleDebtNoncurrent`	$342.90M	USD	Point-in-time
Term loan, non-current	`SecuredLongTermDebt`	$485.80M	USD	Point-in-time
Term loan, non-current	`SecuredLongTermDebt`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$52.40M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$300.00K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$56.10M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$18.70M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$26.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$619.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.24B	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total redeemable convertible preferred stock	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$35.80M	USD	Point-in-time
Total redeemable convertible preferred stock	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Common stock, $0.001 par value, 990,000,000 authorized shares, 76,102,664 and 62,790,087 shares issued and outstanding as of December 29, 2018 and June 30, 2018, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.001 par value, 990,000,000 authorized shares, 76,102,664 and 62,790,087 shares issued and outstanding as of December 29, 2018 and June 30, 2018, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.32B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$753.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$229.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$166.40M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.56B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$926.10M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock, and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock, and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.80B	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$647.80M	USD	2 Qtrs
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$404.60M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$727.80M	USD	2 Qtrs
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$373.70M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$406.60M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$471.80M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$244.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$232.70M	USD	1 Quarter
Amortization of acquired intangibles	`CostOfGoodsAndServicesSoldAmortization`	$1.60M	USD	2 Qtrs
Amortization of acquired intangibles	`CostOfGoodsAndServicesSoldAmortization`	$800.00K	USD	1 Quarter
Amortization of acquired intangibles	`CostOfGoodsAndServicesSoldAmortization`	$5.20M	USD	2 Qtrs
Amortization of acquired intangibles	`CostOfGoodsAndServicesSoldAmortization`	$4.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$239.60M	USD	2 Qtrs
Gross profit	`GrossProfit`	$124.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$250.80M	USD	2 Qtrs
Gross profit	`GrossProfit`	$171.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$43.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$42.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$77.40M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$80.10M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$62.30M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$62.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$95.70M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$35.70M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$7.80M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$800.00K	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$3.70M	USD	2 Qtrs
Restructuring and related charges	`RestructuringCharges`	$9.10M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$182.20M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$113.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$80.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$146.10M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$11.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$93.50M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$68.60M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$90.80M	USD	1 Quarter
Unrealized gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$8.80M	USD	2 Qtrs
Unrealized gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$10.90M	USD	1 Quarter
Unrealized gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$7.90M	USD	1 Quarter
Unrealized gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$12.10M	USD	2 Qtrs
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.70M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$-7.10M	USD	2 Qtrs
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.20M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$-6.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$95.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$99.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$70.30M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-109.30M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$6.60M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.40M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-112.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$204.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$211.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$63.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$16.30M	USD	1 Quarter
Less: Cumulative dividends on Series A Preferred Stock	`TemporaryEquityDividendsAdjustment`	$300.00K	USD	1 Quarter
Less: Cumulative dividends on Series A Preferred Stock	`TemporaryEquityDividendsAdjustment`	$100.00K	USD	1 Quarter
Less: Cumulative dividends on Series A Preferred Stock	`TemporaryEquityDividendsAdjustment`	$500.00K	USD	2 Qtrs
Less: Cumulative dividends on Series A Preferred Stock	`TemporaryEquityDividendsAdjustment`	$300.00K	USD	2 Qtrs
Less: Earnings allocated to Series A Preferred Stock	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$100.00K	USD	1 Quarter
Less: Earnings allocated to Series A Preferred Stock	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$1.20M	USD	2 Qtrs
Less: Earnings allocated to Series A Preferred Stock	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$4.70M	USD	1 Quarter
Less: Earnings allocated to Series A Preferred Stock	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$4.90M	USD	2 Qtrs
Net income attributable to common stockholders - Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$16.10M	USD	1 Quarter
Net income attributable to common stockholders - Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$62.20M	USD	2 Qtrs
Net income attributable to common stockholders - Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$199.80M	USD	1 Quarter
Net income attributable to common stockholders - Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$206.50M	USD	2 Qtrs
Add: Earnings allocated to Series A Preferred Stock	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-1.20M	USD	2 Qtrs
Add: Earnings allocated to Series A Preferred Stock	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-100.00K	USD	1 Quarter
Add: Earnings allocated to Series A Preferred Stock	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-4.70M	USD	1 Quarter
Add: Earnings allocated to Series A Preferred Stock	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$-4.90M	USD	2 Qtrs
Add/Less: Unrealized (gain) loss on derivative liability on Series A Preferred Stock	`PreferredStockDividendsAndAdjustmentsUnrealizedGainLossOnDerivativeLiability`	$-10.90M	USD	1 Quarter
Add/Less: Unrealized (gain) loss on derivative liability on Series A Preferred Stock	`PreferredStockDividendsAndAdjustmentsUnrealizedGainLossOnDerivativeLiability`	$-12.10M	USD	2 Qtrs
Add/Less: Unrealized (gain) loss on derivative liability on Series A Preferred Stock	`PreferredStockDividendsAndAdjustmentsUnrealizedGainLossOnDerivativeLiability`	$-7.90M	USD	1 Quarter
Add/Less: Unrealized (gain) loss on derivative liability on Series A Preferred Stock	`PreferredStockDividendsAndAdjustmentsUnrealizedGainLossOnDerivativeLiability`	$-8.80M	USD	2 Qtrs
Add: Cumulative dividends on Series A Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$-500.00K	USD	2 Qtrs
Add: Cumulative dividends on Series A Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$-100.00K	USD	1 Quarter
Add: Cumulative dividends on Series A Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$-300.00K	USD	2 Qtrs
Add: Cumulative dividends on Series A Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$-300.00K	USD	1 Quarter
Net income attributable to common stockholders - Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$196.90M	USD	1 Quarter
Net income attributable to common stockholders - Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$199.80M	USD	2 Qtrs
Net income attributable to common stockholders - Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$5.40M	USD	1 Quarter
Net income attributable to common stockholders - Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$54.90M	USD	2 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$0.96	USD	2 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$3.21	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$3.34	USD	2 Qtrs
Diluted (usd per share)	`EarningsPerShareDiluted`	$3.05	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$0.82	USD	2 Qtrs
Diluted (usd per share)	`EarningsPerShareDiluted`	$3.10	USD	2 Qtrs
Shares used in computing net income attributable to common stockholders - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	62.20M	shares	1 Quarter
Shares used in computing net income attributable to common stockholders - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	66.80M	shares	1 Quarter
Shares used in computing net income attributable to common stockholders - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	61.90M	shares	2 Qtrs
Shares used in computing net income attributable to common stockholders - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.00M	shares	2 Qtrs
Shares used in computing net income attributable to common stockholders - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	64.60M	shares	1 Quarter
Shares used in computing net income attributable to common stockholders - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	64.50M	shares	2 Qtrs
Shares used in computing net income attributable to common stockholders - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.60M	shares	2 Qtrs
Shares used in computing net income attributable to common stockholders - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.80M	shares	1 Quarter

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$204.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$211.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$63.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$16.30M	USD	1 Quarter
Depreciation expense	`Depreciation`	$26.00M	USD	1 Quarter
Depreciation expense	`Depreciation`	$18.20M	USD	1 Quarter
Depreciation expense	`Depreciation`	$34.90M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$45.70M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$24.10M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$30.50M	USD	2 Qtrs
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$8.80M	USD	2 Qtrs
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$10.90M	USD	1 Quarter
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$7.90M	USD	1 Quarter
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$12.10M	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$6.00M	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$5.20M	USD	1 Quarter
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$1.60M	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$800.00K	USD	1 Quarter
Loss on disposal of property, plant and equipment	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Loss on disposal of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-400.00K	USD	2 Qtrs
Amortization of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	$8.20M	USD	2 Qtrs
Amortization of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	$8.70M	USD	2 Qtrs
Amortization of deferred debt issuance cost on term loan	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Amortization of deferred debt issuance cost on term loan	`AmortizationOfFinancingCosts`	$100.00K	USD	2 Qtrs
Amortization of inventory fair value adjustment in connection with Oclaro acquisition	`BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory`	$1.30M	USD	2 Qtrs
Amortization of inventory fair value adjustment in connection with Oclaro acquisition	`BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory`	-	USD	2 Qtrs
Release of valuation allowance, net	`ValuationAllowanceDeferredTaxAssetChangeInAmount`	$124.00M	USD	2 Qtrs
Release of valuation allowance, net	`ValuationAllowanceDeferredTaxAssetChangeInAmount`	-	USD	2 Qtrs
Other non-cash (income) expenses	`OtherNoncashIncomeExpense`	$-200.00K	USD	2 Qtrs
Other non-cash (income) expenses	`OtherNoncashIncomeExpense`	$100.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.80M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$800.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-500.00K	USD	2 Qtrs
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.70M	USD	2 Qtrs
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.20M	USD	2 Qtrs
Income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-5.80M	USD	2 Qtrs
Income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-11.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.50M	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.60M	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$12.70M	USD	2 Qtrs
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$2.80M	USD	2 Qtrs
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$15.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$159.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$114.80M	USD	2 Qtrs
Payments for acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.20M	USD	2 Qtrs
Payments for acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.90M	USD	2 Qtrs
Payment for asset acquisition	`PaymentsToAcquireMachineryAndEquipment`	$700.00K	USD	2 Qtrs
Payment for asset acquisition	`PaymentsToAcquireMachineryAndEquipment`	-	USD	2 Qtrs
Payment for Oclaro acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$619.80M	USD	2 Qtrs
Payment for Oclaro acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$100.10M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$407.10M	USD	2 Qtrs
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$102.10M	USD	2 Qtrs
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$266.20M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-191.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-672.40M	USD	2 Qtrs
Tax payments related to restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.40M	USD	2 Qtrs
Tax payments related to restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Payment of dividends - Series A Preferred Stock	`PaymentsOfOrdinaryDividends`	$700.00K	USD	2 Qtrs
Payment of dividends - Series A Preferred Stock	`PaymentsOfOrdinaryDividends`	$200.00K	USD	2 Qtrs
Payment of acquisition related holdback	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	2 Qtrs
Payment of acquisition related holdback	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.00M	USD	2 Qtrs
Proceeds from employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$4.70M	USD	2 Qtrs
Proceeds from employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$4.40M	USD	2 Qtrs
Proceeds from term loan, net of debt issuance costs	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	2 Qtrs
Proceeds from term loan, net of debt issuance costs	`ProceedsFromIssuanceOfSecuredDebt`	$491.00M	USD	2 Qtrs
Repayment of capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$4.60M	USD	2 Qtrs
Repayment of capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.20M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.70M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$487.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.70M	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$800.00K	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-200.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-70.80M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$397.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$272.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$202.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$371.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$397.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$272.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$202.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$371.30M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$700.00K	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	$400.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$700.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$600.00K	USD	2 Qtrs
Unpaid property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$21.70M	USD	2 Qtrs
Unpaid property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$14.40M	USD	2 Qtrs
Equipment acquired under capital lease	`CapitalLeaseObligationsIncurred`	$15.60M	USD	2 Qtrs
Equipment acquired under capital lease	`CapitalLeaseObligationsIncurred`	-	USD	2 Qtrs
Issuance costs in current liabilities	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$300.00K	USD	2 Qtrs
Issuance costs in current liabilities	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	2 Qtrs
Issuance of common stock upon conversion of Series A Preferred Stock	`ConversionOfStockAmountIssued1`	-	USD	2 Qtrs
Issuance of common stock upon conversion of Series A Preferred Stock	`ConversionOfStockAmountIssued1`	$79.40M	USD	2 Qtrs
Issuance of common stock and replacement awards in connection with Oclaro acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$460.10M	USD	2 Qtrs
Issuance of common stock and replacement awards in connection with Oclaro acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	2 Qtrs

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$204.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$211.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$63.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$16.30M	USD	1 Quarter
Net change in cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.00M	USD	2 Qtrs
Net change in cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-600.00K	USD	2 Qtrs
Net change in cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-700.00K	USD	1 Quarter
Net change in cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-700.00K	USD	2 Qtrs
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-600.00K	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$500.00K	USD	2 Qtrs
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$100.00K	USD	1 Quarter
Net change in defined benefit obligation, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Net change in defined benefit obligation, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Net change in defined benefit obligation, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Net change in defined benefit obligation, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-200.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-700.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-500.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.30M	USD	2 Qtrs
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$63.50M	USD	2 Qtrs
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$15.60M	USD	1 Quarter
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$204.30M	USD	1 Quarter
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$213.20M	USD	2 Qtrs

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