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Selected Quarterly Financial Information (unaudited) (Tables) | 12 Months Ended
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Jun. 30, 2018
Quarterly Financial Information Disclosure [Abstract] |
Schedule of quarterly consolidated statements | The following table presents the Company’s selected quarterly financial information from the Consolidated Statements of Operations for fiscal 2018 and 2017 (in millions, except per share data):
| June 30, 2018 |  | March 31, 2018 |  | December 30, 2017 |  | September 30, 2017 |  | July 1, 2017 |  | April 1, 2017 |  | December 31, 2016 |  | October 1, 2016
|  |  |  |  |  |  |  |  | (2) |  | (2) |  | (2) |  | (1)(2)
Net revenue | $ | 264.0 |  |  | $ | 219.4 |  |  | $ | 201.8 |  |  | $ | 195.2 |  |  | $ | 198.1 |  |  | $ | 196.0 |  |  | $ | 206.5 |  |  | $ | 210.8 |
Gross profit | 136.2 |  |  | 123.7 |  |  | 116.1 |  |  | 116.2 |  |  | 119.2 |  |  | 117.0 |  |  | 124.7 |  |  | 125.1 |
Net income(loss) from continuing operations, net of tax | (28.8 | ) |  | (8.7 | ) |  | (3.7 | ) |  | (4.8 | ) |  | 12.1 |  |  | 26.0 |  |  | 49.2 |  |  | 78.0 |
Net income (loss) from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 1.6 |  |  | — |  |  | — |  |  | — |
Net income (loss) | $ | (28.8 | ) |  | $ | (8.7 | ) |  | $ | (3.7 | ) |  | $ | (4.8 | ) |  | $ | 13.7 |  |  | $ | 26.0 |  |  | $ | 49.2 |  |  | $ | 78.0 |
Net income (loss) per share from - basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations (3) | $ | (0.13 | ) |  | $ | (0.04 | ) |  | $ | (0.02 | ) |  | $ | (0.02 | ) |  | $ | 0.05 |  |  | $ | 0.11 |  |  | $ | 0.21 |  |  | $ | 0.34 |
Discontinued operations (3) | — |  |  | — |  |  | — |  |  | — |  |  | 0.01 |  |  | — |  |  | — |  |  | — |
Net income (loss) (3) | $ | (0.13 | ) |  | $ | (0.04 | ) |  | $ | (0.02 | ) |  | $ | (0.02 | ) |  | $ | 0.06 |  |  | $ | 0.11 |  |  | $ | 0.21 |  |  | $ | 0.34 |
Net income (loss) per share from - diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations (3) | $ | (0.13 | ) |  | $ | (0.04 | ) |  | $ | (0.02 | ) |  | $ | (0.02 | ) |  | $ | 0.05 |  |  | $ | 0.11 |  |  | $ | 0.21 |  |  | $ | 0.33 |
Discontinued operations (3) | — |  |  | — |  |  | — |  |  | — |  |  | 0.01 |  |  | — |  |  | — |  |  | — |
Net income (loss) (3) | $ | (0.13 | ) |  | $ | (0.04 | ) |  | $ | (0.02 | ) |  | $ | (0.02 | ) |  | $ | 0.06 |  |  | $ | 0.11 |  |  | $ | 0.21 |  |  | $ | 0.33 |
Shares used in per-share calculation (basic) | 226.5 |  |  | 226.3 |  |  | 227.4 |  |  | 228.1 |  |  | 227.3 |  |  | 229.4 |  |  | 230.5 |  |  | 232.4 |
Shares used in per-share calculation (diluted) | 226.5 |  |  | 226.3 |  |  | 227.4 |  |  | 228.1 |  |  | 232.5 |  |  | 234.6 |  |  | 234.2 |  |  | 236.8 |
(1) | During the first quarter of fiscal 2016, we completed the Separation. As a result, the operations of the Lumentum business have been presented as discontinued operations in all periods of the Company’s Consolidated Statement of Operations.
(2) | During fiscal year ended 2017, the Company recorded $203.0 million gain on sale of Lumentum common stock which was retained as part of the Separation of Lumentum. Refer to “Note 9. Investments, Forward Contracts and Fair Value Measurements” for more information.
(3) | Net income (loss) per share is computed independently for each of the fiscal quarters presented. Therefore, the sum of the quarterly basic and diluted net income (loss) per share amounts may not equal the annual basic and diluted net in come (loss) per share amount for the full fiscal years.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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