2021 Q1 Form 10-Q Financial Statement

#000091209321000027 Filed on February 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2019 Q4 2019 Q3
Revenue $299.9M $313.7M $299.8M
YoY Change 17.06% 2.22% 11.66%
Cost Of Revenue $119.8M $124.2M $125.4M
YoY Change 9.51% -3.65% 6.18%
Gross Profit $180.1M $189.5M $174.4M
YoY Change 22.68% 6.46% 15.96%
Gross Profit Margin 60.05% 60.41% 58.17%
Selling, General & Admin $79.50M $86.30M $93.20M
YoY Change -4.9% -2.49% 10.43%
% of Gross Profit 44.14% 45.54% 53.44%
Research & Development $50.00M $50.30M $51.50M
YoY Change 6.84% 9.59% 20.89%
% of Gross Profit 27.76% 26.54% 29.53%
Depreciation & Amortization $25.30M $27.10M $9.800M
YoY Change -6.99% -5.57% -1.01%
% of Gross Profit 14.05% 14.3% 5.62%
Operating Expenses $137.8M $144.5M $153.7M
YoY Change 0.07% -0.41% 1.39%
Operating Profit $42.30M $45.00M $20.70M
YoY Change 364.84% 36.78% -1825.0%
Interest Expense $3.600M $8.400M $8.300M
YoY Change -57.14% 3.7% -17.82%
% of Operating Profit 8.51% 18.67% 40.1%
Other Income/Expense, Net $1.100M $1.300M $2.700M
YoY Change -79.25% -13.33% 58.82%
Pretax Income $34.40M $37.90M $15.10M
YoY Change 473.33% 44.11% -257.29%
Income Tax $12.50M $9.900M $8.300M
% Of Pretax Income 36.34% 26.12% 54.97%
Net Earnings $27.30M $28.00M $6.800M
YoY Change -183.23% 115.38% -144.44%
Net Earnings / Revenue 9.1% 8.93% 2.27%
Basic Earnings Per Share $0.12 $0.12 $0.03
Diluted Earnings Per Share $0.12 $0.12 $0.03
COMMON SHARES
Basic Shares Outstanding 228.8M shares 230.0M shares 229.4M shares
Diluted Shares Outstanding 231.1M shares 238.3M shares 236.4M shares

Balance Sheet

Concept 2021 Q1 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $646.0M $553.0M $527.0M
YoY Change 20.97% 11.49% -19.17%
Cash & Equivalents $644.2M $551.8M $525.3M
Short-Term Investments $2.000M $2.000M $2.000M
Other Short-Term Assets $39.00M $39.00M $36.00M
YoY Change 8.33% -25.0% -40.98%
Inventory $88.20M $91.90M $99.40M
Prepaid Expenses $12.50M $13.30M $14.00M
Receivables $251.3M $251.5M $232.7M
Other Receivables $23.00M $19.00M $19.00M
Total Short-Term Assets $1.046B $954.8M $914.2M
YoY Change 14.49% 7.29% -10.91%
LONG-TERM ASSETS
Property, Plant & Equipment $181.7M $173.5M $170.5M
YoY Change 6.2% -3.93% -0.18%
Goodwill $395.4M $384.5M $376.7M
YoY Change 5.1% 3.61% 10.44%
Intangibles $120.8M $179.3M $191.8M
YoY Change -23.4% -19.56% -11.45%
Long-Term Investments
YoY Change
Other Assets $53.90M $60.80M $50.10M
YoY Change -1.46% 196.59% 142.03%
Total Long-Term Assets $868.8M $904.9M $893.5M
YoY Change 0.53% -0.37% 3.58%
TOTAL ASSETS
Total Short-Term Assets $1.046B $954.8M $914.2M
Total Long-Term Assets $868.8M $904.9M $893.5M
Total Assets $1.915B $1.860B $1.808B
YoY Change 7.7% 3.42% -4.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.50M $48.90M $60.90M
YoY Change 18.36% -11.73% 1.0%
Accrued Expenses $22.10M $32.10M $31.30M
YoY Change -24.83% -3.89% -3.99%
Deferred Revenue $61.90M $53.20M $51.20M
YoY Change 12.14% -10.14% -16.75%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $263.6M $261.9M $282.5M
YoY Change 10.25% -12.06% -34.24%
LONG-TERM LIABILITIES
Long-Term Debt $629.0M $606.0M $601.0M
YoY Change 2.78% 1.85% 1.86%
Other Long-Term Liabilities $238.2M $243.7M $232.8M
YoY Change -10.75% 9.82% 24.83%
Total Long-Term Liabilities $238.2M $243.7M $232.8M
YoY Change -10.75% 9.82% 24.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $263.6M $261.9M $282.5M
Total Long-Term Liabilities $238.2M $243.7M $232.8M
Total Liabilities $501.8M $505.6M $515.3M
YoY Change -0.83% -2.71% -16.36%
SHAREHOLDERS EQUITY
Retained Earnings -$69.38B -$69.36B -$69.38B
YoY Change -0.06% -0.05% -0.03%
Common Stock $70.29B $70.25B $70.25B
YoY Change 0.03% 0.04% 0.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $733.6M $764.3M $708.1M
YoY Change
Total Liabilities & Shareholders Equity $1.915B $1.860B $1.808B
YoY Change 7.7% 3.42% -4.29%

Cashflow Statement

Concept 2021 Q1 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $27.30M $28.00M $6.800M
YoY Change -183.23% 115.38% -144.44%
Depreciation, Depletion And Amortization $25.30M $27.10M $9.800M
YoY Change -6.99% -5.57% -1.01%
Cash From Operating Activities $68.70M $38.00M $31.30M
YoY Change 75.7% -8.43% 13.41%
INVESTING ACTIVITIES
Capital Expenditures -$10.50M -$6.200M $7.100M
YoY Change 1.94% -48.76% -41.32%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.400M $1.200M
YoY Change -100.0% -128.0% -98.99%
Cash From Investing Activities -$10.50M -$4.800M -$5.900M
YoY Change 11.7% -71.93% -105.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.500M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.80M -17.50M -$7.800M
YoY Change -40.9% -88.75% -94.36%
NET CHANGE
Cash From Operating Activities 68.70M 38.00M $31.30M
Cash From Investing Activities -10.50M -4.800M -$5.900M
Cash From Financing Activities -19.80M -17.50M -$7.800M
Net Change In Cash 38.40M 15.70M $3.200M
YoY Change -1110.53% -111.97% -129.09%
FREE CASH FLOW
Cash From Operating Activities $68.70M $38.00M $31.30M
Capital Expenditures -$10.50M -$6.200M $7.100M
Free Cash Flow $79.20M $44.20M $24.20M
YoY Change 60.32% -17.54% 56.13%

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CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
229000000 shares
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
228000000 shares
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
228000000 shares
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
200000 USD
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
200000 USD
CY2021Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
70288000000.0 USD
CY2020Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
70274300000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-69397200000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-102400000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-165900000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
801000000.0 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
711400000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1915200000 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1776300000 USD
us-gaap Net Income Loss
NetIncomeLoss
36200000 USD
us-gaap Net Income Loss
NetIncomeLoss
34800000 USD
us-gaap Depreciation
Depreciation
17600000 USD
us-gaap Depreciation
Depreciation
19700000 USD
viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
33200000 USD
viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
34300000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
22400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21600000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
11800000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2400000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
11000000.0 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1500000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-4300000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1200000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2400000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6400000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13500000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3300000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3200000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3900000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2500000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-14200000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
10400000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5800000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4100000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2900000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2100000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2800000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
16000000.0 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
8200000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-8500000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-37300000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132600000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
69300000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13300000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1100000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3100000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
600000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18000000.0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10700000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
23800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10700000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11800000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15100000 USD
viav Payments For Failed Sale Leaseback And Capital Lease
PaymentsForFailedSaleLeasebackAndCapitalLease
600000 USD
viav Payments For Failed Sale Leaseback And Capital Lease
PaymentsForFailedSaleLeasebackAndCapitalLease
1800000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
3500000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2300000 USD
us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
2800000 USD
us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25300000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26300000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3500000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
105300000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29800000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
547400000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
530400000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
652700000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
560200000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8400000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8900000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8500000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8400000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
753800000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
21900000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
35100000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2500000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9800000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
801000000.0 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
725800000 USD
us-gaap Net Income Loss
NetIncomeLoss
34800000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2100000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
17100000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
801000000.0 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
708100000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
28000000.0 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
28800000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2900000 USD
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11500000 USD
CY2019Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
9200000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
764300000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
711400000 USD
us-gaap Net Income Loss
NetIncomeLoss
36200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
63500000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-8600000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22300000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
23800000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-12600000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21900000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
10700000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
764300000 USD
us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Fiscal Years</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to June 30th. The Company’s fiscal 2021 is a 53-week year ending on July 3, 2021. The Company’s fiscal 2020 was a 52-week year ending on June 27, 2020. The Company’s first quarter of fiscal year 2021 was a 14 week quarter compared to the standard 13 week quarters.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Company’s consolidated financial statements requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements, the reported amount of net revenues and expenses and the disclosure of commitments and contingencies during the reporting periods. The Company bases estimates on historical experience and assumptions about future periods that are believed to be reasonable based on available information. The Company’s reported financial positions or results of operations may be materially different under changed conditions or when using different estimates and assumptions, particularly with respect to significant accounting policies. If estimates or assumptions differ from actual results, subsequent periods are adjusted to reflect readily available current information.</span></div>
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 2. Recently Issued Accounting Pronouncements </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Recent Accounting Pronouncements Adopted</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2016, the FASB issued guidance that changes the accounting for recognizing impairments of financial assets. Under the new guidance, credit losses for certain types of financial assets will be estimated based on expected losses. In the first quarter of fiscal 2021 the Company adopted the accounting standard using the modified retrospective approach. The adoption of the new standard did not have a material impact on the Company’s consolidated financial statements.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Recent Accounting Pronouncements Not Yet Adopted</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2018, the FASB issued guidance to amend the disclosure requirements related to defined benefit pension and other post-retirement plans. Some of the changes include adding a disclosure requirement for significant gains and losses related to changes in the benefit obligation for the period and removing the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year. This guidance is effective for the Company in the first quarter of fiscal 2022 and early adoption is permitted. The Company is evaluating the impact of adopting this new accounting guidance on its consolidated financial statements.</span></div><div style="margin-bottom:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued guidance which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. The guidance is effective for the Company in the first quarter of fiscal year 2022 and early adoption is permitted. The Company is evaluating the effects that the adoption of this guidance will have on its consolidated financial statements.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2020, the FASB issued guidance which simplifies the accounting for financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The guidance allows for either full retrospective adoption or modified retrospective adoption. The guidance is effective for the Company in the first quarter of fiscal year 2023 and early adoption is permitted. The Company is evaluating the effects that the impact of adoption of this guidance will have on its consolidated financial statements.</span></div>
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
21900000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
28000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
36200000 USD
us-gaap Net Income Loss
NetIncomeLoss
34800000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228800000 shares
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
230000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229700000 shares
CY2021Q1 viav Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities Net Settlement Method
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfDebtSecuritiesNetSettlementMethod
300000 shares
CY2019Q4 viav Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities Net Settlement Method
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfDebtSecuritiesNetSettlementMethod
5100000 shares
viav Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities Net Settlement Method
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfDebtSecuritiesNetSettlementMethod
0 shares
viav Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities Net Settlement Method
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfDebtSecuritiesNetSettlementMethod
4000000.0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000.0 shares
CY2019Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3200000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2500000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3700000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231100000 shares
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
238300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
237400000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
62000000.0 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
63500000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
5500000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3800000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
83300000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
80100000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
74600000 USD
CY2021Q1 viav Contract With Customer Liability Cumulative Catch Up Adjustment New Contracts
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentNewContracts
31800000 USD
viav Contract With Customer Liability Cumulative Catch Up Adjustment New Contracts
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentNewContracts
61400000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
29900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
54000000.0 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
82000000.0 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
82000000.0 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
202600000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.88
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3000000.0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
600000 USD
viav Allowancefor Doubtful Accounts Receivable Write Offs Net Of Recoveries
AllowanceforDoubtfulAccountsReceivableWriteOffsNetOfRecoveries
1200000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2400000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
37200000 USD
CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
30000000.0 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
13600000 USD
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
22500000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
37400000 USD
CY2020Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
30800000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
88200000 USD
CY2021Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12500000 USD
CY2020Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
10900000 USD
CY2021Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
2500000 USD
CY2020Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
2500000 USD
CY2021Q1 viav Advances To Contract Manufacturers
AdvancesToContractManufacturers
5300000 USD
CY2020Q2 viav Advances To Contract Manufacturers
AdvancesToContractManufacturers
7300000 USD
CY2021Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
14100000 USD
CY2020Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
10800000 USD
CY2021Q1 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
8600000 USD
CY2020Q2 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
10600000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
15100000 USD
CY2020Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
8700000 USD
CY2021Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
58100000 USD
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
50800000 USD
CY2021Q1 viav Contract With Customer Liability Current Increase From Cash Receipts
ContractWithCustomerLiabilityCurrentIncreaseFromCashReceipts
200000 USD
CY2020Q2 viav Contract With Customer Liability Current Increase From Cash Receipts
ContractWithCustomerLiabilityCurrentIncreaseFromCashReceipts
500000 USD
CY2021Q1 us-gaap Restructuring Reserve Current
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3600000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
6500000 USD
CY2021Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
20800000 USD
CY2020Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
10700000 USD
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4500000 USD
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4600000 USD
CY2021Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
4300000 USD
CY2020Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3200000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12100000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11700000 USD
CY2021Q1 us-gaap Other Sundry Liabilities Current
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10900000 USD
CY2020Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
11200000 USD
CY2021Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
56400000 USD
CY2020Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
48400000 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
110900000 USD
CY2020Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
102700000 USD
CY2021Q1 viav Financing Obligation Noncurrent
FinancingObligationNoncurrent
16200000 USD
CY2020Q2 viav Financing Obligation Noncurrent
FinancingObligationNoncurrent
16200000 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
24300000 USD
CY2020Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
23900000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
20100000 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
20000000.0 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
6900000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
9400000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25700000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
28100000 USD
CY2021Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
12700000 USD
CY2020Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
11600000 USD
CY2021Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
21400000 USD
CY2020Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
19300000 USD
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
238200000 USD
CY2020Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
231200000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
900000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
400000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
500000 USD
viav Term Of Maturities Of Instruments Classified As Current Assets Included In Short Term Investments
TermOfMaturitiesOfInstrumentsClassifiedAsCurrentAssetsIncludedInShortTermInvestments
P12M
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
900000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2021Q1 viav Available For Sale Securities Debt Maturities After Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCost
900000 USD
CY2021Q1 viav Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
500000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
900000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
500000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
400000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
500000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
500000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
500000 USD
CY2021Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
387200000 USD
CY2020Q2 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
2200000 USD
CY2020Q2 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
1500000 USD
CY2020Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
334600000 USD
CY2021Q1 us-gaap Trading Securities
TradingSecurities
1600000 USD
CY2020Q2 us-gaap Trading Securities
TradingSecurities
1400000 USD
CY2021Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
8400000 USD
CY2021Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
397700000 USD
CY2020Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
338700000 USD
CY2021Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
1500000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
8900000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
9900000 USD
CY2021Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
10400000 USD
CY2020Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
11400000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
6900000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
9400000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
2000000.0 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
685800000 USD
CY2021Q1 viav Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Currency Translation Adjustment
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityCurrencyTranslationAdjustment
500000 USD
CY2019Q4 viav Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Currency Translation Adjustment
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityCurrencyTranslationAdjustment
0 USD
viav Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Currency Translation Adjustment
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityCurrencyTranslationAdjustment
500000 USD
viav Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Currency Translation Adjustment
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityCurrencyTranslationAdjustment
0 USD
CY2020Q2 us-gaap Goodwill
Goodwill
381400000 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
14000000.0 USD
CY2021Q1 us-gaap Goodwill
Goodwill
395400000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
148100000 USD
CY2021Q1 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
8400000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
565000000.0 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
120800000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
667500000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
519400000 USD
CY2019Q4 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
8400000 USD
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
16600000 USD
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
16800000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8100000 USD
CY2019Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17500000 USD
CY2021Q1 viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
16500000 USD
CY2019Q4 viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
17200000 USD
viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
33200000 USD
viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
34300000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
32900000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
39500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
25400000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10300000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5700000 USD
CY2021Q1 viav Finite Lived Intangible Assets Expected Amortization After Year Four
FiniteLivedIntangibleAssetsExpectedAmortizationAfterYearFour
7000000.0 USD
CY2021Q1 viav Finite Lived Intangible Assets Net Excluding Researchand Developmentand Goodwill
FiniteLivedIntangibleAssetsNetExcludingResearchandDevelopmentandGoodwill
120800000 USD
CY2021Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2400000 USD
CY2019Q4 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2200000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4700000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4300000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000 USD
CY2019Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
400000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
700000 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5500000 USD
CY2019Q4 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5200000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
10800000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
10300000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 USD
CY2019Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
3300000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
6800000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
6600000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3700000 USD
CY2019Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
5800000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1900000 USD
CY2019Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12600000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
8100000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
9200000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3500000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14500000 USD
CY2021Q1 viav Operating Lease Right Of Use Asset Noncurrent
OperatingLeaseRightOfUseAssetNoncurrent
39900000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
39900000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12100000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25700000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
37800000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6000000.0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11800000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7200000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5200000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4000000.0 USD
CY2021Q1 viav Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
7900000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
42100000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4300000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10200000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6000000.0 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4600000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
37800000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12800000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3600000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7500000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
44700000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4900000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
39800000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
3600000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
6500000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
200000 USD
us-gaap Restructuring Charges
RestructuringCharges
-400000 USD
CY2019Q4 us-gaap Restructuring Charges
RestructuringCharges
-900000 USD
us-gaap Restructuring Charges
RestructuringCharges
-600000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
6500000 USD
us-gaap Restructuring Charges
RestructuringCharges
-400000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2500000 USD
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
0 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
3600000 USD
CY2021Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
3600000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
6500000 USD
us-gaap Restructuring Charges
RestructuringCharges
-400000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21100000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18200000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
48400000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1900000 shares
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
48400000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3900000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1300000 shares
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
17100000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
23800000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9900000 USD
CY2019Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11300000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22400000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21600000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1100000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1200000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsCurrentFiscalYear
10500000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3100000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
7600000 USD
viav Standard Product Warranty Term
StandardProductWarrantyTerm
P3Y
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9600000 USD
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8800000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9200000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9400000 USD
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8700000 USD
CY2021Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1600000 USD
CY2019Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
900000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2000000.0 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1300000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1200000 USD
CY2019Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
800000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1400000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1800000 USD
CY2021Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-400000 USD
CY2019Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
300000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-400000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1000000.0 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9600000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9200000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9600000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
42300000 USD
CY2021Q1 viav Operating Income Loss Margin
OperatingIncomeLossMargin
0.141
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
313700000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
299900000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
180100000 USD
CY2021Q1 viav Gross Profit Margin
GrossProfitMargin
0.601
CY2019Q4 us-gaap Gross Profit
GrossProfit
189500000 USD
CY2019Q4 viav Gross Profit Margin
GrossProfitMargin
0.604
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
45000000.0 USD
CY2019Q4 viav Operating Income Loss Margin
OperatingIncomeLossMargin
0.143
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
42300000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
45000000.0 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
584600000 USD
us-gaap Gross Profit
GrossProfit
349500000 USD
us-gaap Gross Profit
GrossProfit
363900000 USD
viav Gross Profit Margin
GrossProfitMargin
0.598
us-gaap Operating Income Loss
OperatingIncomeLoss
73600000 USD
viav Operating Income Loss Margin
OperatingIncomeLossMargin
0.126
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
613500000 USD
viav Gross Profit Margin
GrossProfitMargin
0.593
us-gaap Operating Income Loss
OperatingIncomeLoss
65700000 USD
viav Operating Income Loss Margin
OperatingIncomeLossMargin
0.107
us-gaap Operating Income Loss
OperatingIncomeLoss
73600000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
65700000 USD
CY2021Q1 viav Number Of Geographic Regions In Which Entity Operates
NumberOfGeographicRegionsInWhichEntityOperates
3 region
CY2021Q1 viav Number Of Geographic Regions In Which Entity Operates
NumberOfGeographicRegionsInWhichEntityOperates
3 region
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
299900000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
313700000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
584600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
613500000 USD

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