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Goodwill
12 Months Ended
Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Note 9. Goodwill
Changes in the carry value of goodwill allocated segment are as follows (in millions):
Network
Enablement(1)
Service
Enablement(1)
Optical Security
and Performance
Products
Total
Balance as of July 2, 2022(2)
$332.8 $12.6 $42.2 $387.6 
Acquisitions60.0 — — 60.0 
Measurement period adjustment(0.5)— — (0.5)
Currency translation 6.9 1.2 — 8.1 
Balance as of July 1, 2023(3)
$399.2 $13.8 $42.2 $455.2 
Currency translation(1.1)(0.2)— (1.3)
Other adjustment(4)
— (1.0)— (1.0)
Balance as of June 29, 2024(5)
$398.1 $12.6 $42.2 $452.9 
(1) Balance as of July 2, 2022 adjusted to reflect a reclass of $1.2 million from Service Enablement to Network Enablement due to a product line movement.
(2) Gross goodwill balances for NE, SE and OSP were $634.7 million, $285.2 million and $126.7 million, respectively, as of July 2, 2022. Accumulated impairment for NE, SE and OSP was $301.9 million, $272.6 million and $84.5 million, respectively, as of July 2, 2022.
(3) Gross goodwill balances for NE, SE and OSP were $701.1 million, $286.4 million and $126.7 million, respectively, as of July 1, 2023. Accumulated impairment for NE, SE and OSP was $301.9 million, $272.6 million and $84.5 million, respectively, as of July 1, 2023.
(4) Adjustment related to goodwill acquired as part of a prior acquisition.
(5) Gross goodwill balances for NE, SE and OSP were $700.0 million, $285.2 million and $126.7 million, respectively, as of June 29, 2024. Accumulated impairment for NE, SE and OSP was $301.9 million, $272.6 million and $84.5 million, respectively, as of June 29, 2024.

Impairment of Goodwill
The Company tests goodwill at the reporting unit level for impairment annually, during the fourth quarter of each fiscal year, or more frequently if events or circumstances indicate that the asset may be impaired. The Company determined that, based on its organizational structure and the financial information that is provided to and reviewed by the Company’s CODM during fiscal 2024, 2023 and 2022 that its reporting units were NE, SE and OSP.
No indications of impairment were identified under the qualitative assessment of goodwill impairment for fiscal years ending on June 29, 2024 and July 2, 2022.
In fiscal 2023, the Company performed a quantitative assessment of goodwill impairment for all reporting units. Based on our testing during the fourth quarter of fiscal 2023, the fair value of each of the Company’s reporting units was at least two times the carrying value, and therefore no impairment was identified.