XML 28 R14.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Balance Sheet and Other Details | 12 Months Ended
--- | ---
Jul. 01, 2017
Balance Sheet and Other Details |
Balance Sheet and Other Details | Note 6. Balance Sheet and Other Details Accounts receivable reserves and allowances The components of accounts receivable reserves and allowances were as follows (in millions):
| July 1, 2017 |  | July 2, 2016
Allowance for doubtful accounts | $ | 1.6 |  |  | $ | 2.2 |
Sales allowance | 3.4 |  |  | 2.5 |
Total accounts receivable reserves and allowances | $ | 5.0 |  |  | $ | 4.7 |
The activities and balances for allowance for doubtful accounts are as follows (in millions):
| Balance at Beginning of Period |  | Charged to Costs and Expenses |  | Deduction (1) |  | Balance at End of Period
Year Ended July 1, 2017 | $ | 2.2 |  |  | $ | (0.2 | ) |  | $ | (0.4 | ) |  | $ | 1.6 |
Year Ended July 2, 2016 | 2.4 |  |  | 0.3 |  |  | (0.5 | ) |  | 2.2 |
Year Ended June 27, 2015 | 2.9 |  |  | 0.3 |  |  | (0.8 | ) |  | 2.4 |
(1) Represents the effect of currency translation adjustments and write-offs of uncollectible accounts, net of recoveries. Inventories, net The components of inventories, net were as follo ws (in millions):
| July 2, 2016 |  | July 2, 2016
Finished goods | $ | 24.9 |  |  | $ | 29.1 |
Work in process | 10.3 |  |  | 7.5 |
Raw materials | 12.8 |  |  | 14.8 |
Inventories, net | $ | 48.0 |  |  | $ | 51.4 |
Prepayments and other current assets The components of prepayments and other current assets were as follo ws (in millions):
| July 1, 2017 |  | July 2, 2016
Prepayments | $ | 8.3 |  |  | $ | 10.4 |
Other current assets | 42.5 |  |  | 21.7 |
Prepayments and other current assets | $ | 50.8 |  |  | $ | 32.1 |
Property, plant and equipment, net The components of property, plant and equipment, net were as follows (in millions):
| July 1, 2017 |  | July 2, 2016
Land | $ | 14.5 |  |  | $ | 14.6 |
Buildings and improvements | 31.4 |  |  | 32.4 |
Machinery and equipment | 225.8 |  |  | 218.7 |
Furniture, fixtures, software and office equipment | 111.2 |  |  | 120.5 |
Leasehold improvements | 58.1 |  |  | 54.3 |
Construction in progress | 17.8 |  |  | 10.3 |
Property, plant and equipment, gross | 458.8 |  |  | 450.8 |
Less: Accumulated depreciation | (321.9 | ) |  | (317.8 | )
Property, plant and equipment, net | $ | 136.9 |  |  | $ | 133.0 |
Other current liabilities The components of other current liabilities were as follows (in millions):
| July 1, 2017 |  | July 2, 2016
Customer prepayments | $ | 35.2 |  |  | $ | 0.4 |
Restructuring accrual | 8.8 |  |  | 13.3 |
Income tax payable | 3.3 |  |  | 3.3 |
Warranty accrual | 2.9 |  |  | 2.6 |
VAT liabilities | 2.2 |  |  | 2.3 |
Deferred compensation plan | 2.0 |  |  | 2.4 |
Other | 7.0 |  |  | 6.7 |
Other current liabilities | $ | 61.4 |  |  | $ | 31.0 |
Other non-current liabilities The components of other non-current liabilities were as follo ws (in millions):
| July 1, 2017 |  | July 2, 2016
Pension and post-employment benefits | $ | 99.4 |  |  | $ | 103.0 |
Financing obligation | 27.8 |  |  | 28.7 |
Long-term deferred revenue | 14.0 |  |  | 22.7 |
Other | 22.7 |  |  | 24.7 |
Other non-current liabilities | $ | 163.9 |  |  | $ | 179.1 |
Interest and other income, net The components of interest and other income, net were as follows (in millions):
| Years Ended
| July 1, 2017 |  | July 2, 2016 |  | June 27, 2015
Interest income | $ | 11.1 |  |  | 5.9 |  |  | $ | 4.6 |
Foreign exchange gains (loss), net | 0.9 |  |  | (2.6 | ) |  | (3.8 | )
Proceeds from Nortel (1) | — |  |  | — |  |  | 2.2 |
Loss on extinguishment of debt (2) | (1.1 | ) |  | — |  |  | — |
Other income (expense), net | 2.2 |  |  | (0.8 | ) |  | 0.7 |
Interest and other income, net | $ | 13.1 |  |  | $ | 2.5 |  |  | $ | 3.7 |
(1) | During fiscal 2015, the Company received proceeds of $2.2 million from the Fair Fund established to provide compensation for losses incurred in connection with investments in Nortel Networks Corporation (“Nortel”) securities from the SEC’s claims against Nortel.
(2) | During fiscal 2017, the Company repurchased $40.0 million aggregate principal amount of the 2033 Notes for $45.4 million in cash. In connection with the repurchase, a loss on extinguishment of $1.1 million was recognized. Refer to “Note 10. Debt” for more information.

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | viav_BalanceSheetAndOtherDetailsDisclosureAbstract
Namespace Prefix: | viav_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration