XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Investments and Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Oct. 01, 2016
Investments and Fair Value Measurements [Abstract] |
Schedule of available-for-sale securities | As of October 1, 2016, the Company’s available-for-sale securities were as follows (in millions):
| Amortized Cost/ Carrying Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Debt securities: |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 54.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 54.1 |
U.S. agencies | 37.6 |  |  | — |  |  | — |  |  | 37.6 |
Municipal bonds and sovereign debt instruments | 4.8 |  |  | — |  |  | — |  |  | 4.8 |
Asset-backed securities | 61.1 |  |  | 0.1 |  |  | (0.3 | ) |  | 60.9 |
Corporate securities | 276.3 |  |  | 0.1 |  |  | (0.1 | ) |  | 276.3 |
Certificate of deposits | 6.1 |  |  | — |  |  | — |  |  | 6.1 |
Total debt securities | 440.0 |  |  | 0.2 |  |  | (0.4 | ) |  | 439.8 |
Marketable equity securities | 29.0 |  |  | 112.1 |  |  | — |  |  | 141.1 |
Total available-for-sale securities | $ | 469.0 |  |  | $ | 112.3 |  |  | $ | (0.4 | ) |  | $ | 580.9 |
As of July 2, 2016, the Company’s available-for-sale securities were as follows (in millions):
| Amortized Cost/ Carrying Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Debt securities: |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 46.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 46.1 |
U.S. agencies | 24.9 |  |  | — |  |  | — |  |  | 24.9 |
Municipal bonds and sovereign debt instruments | 2.0 |  |  | — |  |  | — |  |  | 2.0 |
Asset-backed securities | 50.4 |  |  | 0.1 |  |  | (0.3 | ) |  | 50.2 |
Corporate securities | 224.5 |  |  | 0.2 |  |  | (0.1 | ) |  | 224.6 |
Total debt securities | 347.9 |  |  | 0.3 |  |  | (0.4 | ) |  | 347.8 |
Marketable equity securities | 62.1 |  |  | 109.2 |  |  | — |  |  | 171.3 |
Total debt available-for-sale securities | $ | 410.0 |  |  | $ | 109.5 |  |  | $ | (0.4 | ) |  | $ | 519.1 |
Schedule of contractual maturities of available-for-sale securities | As of October 1, 2016, contractual maturities of the Company’s debt securities classified as available-for-sale securities were as follows (in millions):
| Amortized Cost/ Carrying Cost |  | Estimated Fair Value
Amounts maturing in less than 1 year | $ | 307.5 |  |  | $ | 307.4 |
Amounts maturing in 1 - 5 years | 130.5 |  |  | 130.6 |
Amounts maturing in more than 5 years | 2.0 |  |  | 1.8 |
Total debt available-for-sale securities | $ | 440.0 |  |  | $ | 439.8 |
Schedule of assets measured at fair value | Assets measured at fair value as of October 1, 2016 and July 2, 2016 are summarized below (in millions):
| Fair value measurement as of |  | Fair value measurement as of
| October 1, 2016 |  | July 2, 2016
| Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2)
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 54.1 |  |  | $ | 54.1 |  |  | $ | — |  |  | $ | 46.1 |  |  | $ | 46.1 |  |  | $ | — |
U.S. agencies | 37.6 |  |  | — |  |  | 37.6 |  |  | 24.9 |  |  | — |  |  | 24.9 |
Municipal bonds and sovereign debt instruments | 4.8 |  |  | — |  |  | 4.8 |  |  | 2.0 |  |  | — |  |  | 2.0 |
Asset-backed securities | 60.9 |  |  | — |  |  | 60.9 |  |  | 50.2 |  |  | — |  |  | 50.2 |
Corporate securities | 276.3 |  |  | — |  |  | 276.3 |  |  | 224.6 |  |  | — |  |  | 224.6 |
Certificate of deposits | 6.1 |  |  | — |  |  | 6.1 |  |  | — |  |  | — |  |  | — |
Total debt available-for-sale securities | 439.8 |  |  | 54.1 |  |  | 385.7 |  |  | 347.8 |  |  | 46.1 |  |  | 301.7 |
Marketable equity securities | 141.1 |  |  | 141.1 |  |  | — |  |  | 171.3 |  |  | 171.3 |  |  | — |
Money market funds | 278.7 |  |  | 278.7 |  |  | — |  |  | 274.4 |  |  | 274.4 |  |  | — |
Trading securities | 2.5 |  |  | 2.5 |  |  | — |  |  | 2.4 |  |  | 2.4 |  |  | — |
Foreign currency forward contracts | 1.8 |  |  | — |  |  | 1.8 |  |  | — |  |  | — |  |  | — |
Total assets (1) | $ | 863.9 |  |  | $ | 476.4 |  |  | $ | 387.5 |  |  | $ | 795.9 |  |  | $ | 494.2 |  |  | $ | 301.7 |
Liability: |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts | 1.5 |  |  | — |  |  | 1.5 |  |  | — |  |  | — |  |  | — |
Total liabilities (2) | $ | 1.5 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
(1) $287.5 million in cash and cash equivalents, $558.8 million in short-term investments, $10.9 million in restricted cash, $1.8 million in prepayments and other current assets, and $4.9 million in other non-current assets on the Company’s Consolidated Balance Sheets as of October 1, 2016. $295.4 million in cash and cash equivalents, $484.7 million in short-term investments, $11.3 million in restricted cash, and $4.5 million in other non-current assets on the Company’s Consolidated Balance Sheets as of July 2, 2016. (2) $1.5 million in other current liabilities on the Company’s Consolidated Balance Sheets as of October 1, 2016.

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investments and Fair Value Measurements [Abstract] + References No definition available. + Details
Name: | viav_InvestmentsandFairValueMeasurementsAbstract
Namespace Prefix: | viav_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration