2022 Q1 Form 10-Q Financial Statement

#000091209322000014 Filed on February 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $314.8M $326.8M $299.9M
YoY Change 4.97% 14.79% 17.06%
Cost Of Revenue $124.3M $131.8M $119.8M
YoY Change 3.76% 14.31% 9.51%
Gross Profit $190.5M $195.0M $180.1M
YoY Change 5.77% 15.11% 22.68%
Gross Profit Margin 60.51% 59.67% 60.05%
Selling, General & Admin $88.20M $91.80M $79.50M
YoY Change 10.94% 12.78% -4.9%
% of Gross Profit 46.3% 47.08% 44.14%
Research & Development $50.50M $53.60M $50.00M
YoY Change 1.0% 9.84% 6.84%
% of Gross Profit 26.51% 27.49% 27.76%
Depreciation & Amortization $18.90M $8.900M $25.30M
YoY Change -25.3% -65.1% -6.99%
% of Gross Profit 9.92% 4.56% 14.05%
Operating Expenses $141.2M $148.1M $137.8M
YoY Change 2.47% 6.78% 0.07%
Operating Profit $49.30M $46.90M $42.30M
YoY Change 16.55% 52.77% 364.84%
Interest Expense $7.100M $3.600M $3.600M
YoY Change 97.22% -142.86% -57.14%
% of Operating Profit 14.4% 7.68% 8.51%
Other Income/Expense, Net $1.100M $1.400M $1.100M
YoY Change 0.0% 133.33% -79.25%
Pretax Income $36.90M -$41.20M $34.40M
YoY Change 7.27% -279.91% 473.33%
Income Tax $2.300M $13.60M $12.50M
% Of Pretax Income 6.23% 36.34%
Net Earnings $34.60M -$54.80M $27.30M
YoY Change 26.74% -483.22% -183.23%
Net Earnings / Revenue 10.99% -16.77% 9.1%
Basic Earnings Per Share $0.15 -$0.24 $0.12
Diluted Earnings Per Share $0.14 -$0.24 $0.12
COMMON SHARES
Basic Shares Outstanding 236.0M shares 231.1M shares 228.8M shares
Diluted Shares Outstanding 242.3M shares 231.1M shares 231.1M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $733.8M $917.2M $646.0M
YoY Change 13.59% 54.93% 20.97%
Cash & Equivalents $732.1M $915.6M $644.2M
Short-Term Investments $1.700M $1.600M $2.000M
Other Short-Term Assets $47.30M $44.20M $39.00M
YoY Change 21.28% 10.5% 8.33%
Inventory $114.4M $102.8M $88.20M
Prepaid Expenses $13.40M $13.10M $12.50M
Receivables $258.3M $243.1M $251.3M
Other Receivables $26.80M $25.30M $23.00M
Total Short-Term Assets $1.181B $1.333B $1.046B
YoY Change 12.82% 38.58% 14.49%
LONG-TERM ASSETS
Property, Plant & Equipment $213.3M $203.1M $181.7M
YoY Change 17.39% 15.79% 6.2%
Goodwill $393.0M $393.9M $395.4M
YoY Change -0.61% 1.55% 5.1%
Intangibles $68.10M $78.20M $120.8M
YoY Change -43.63% -41.82% -23.4%
Long-Term Investments
YoY Change
Other Assets $62.40M $57.00M $53.90M
YoY Change 15.77% 3.83% -1.46%
Total Long-Term Assets $839.0M $836.9M $868.8M
YoY Change -3.43% -3.0% 0.53%
TOTAL ASSETS
Total Short-Term Assets $1.181B $1.333B $1.046B
Total Long-Term Assets $839.0M $836.9M $868.8M
Total Assets $2.020B $2.170B $1.915B
YoY Change 5.45% 18.92% 7.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.00M $66.90M $53.50M
YoY Change 27.1% 48.01% 18.36%
Accrued Expenses $30.10M $33.30M $22.10M
YoY Change 36.2% 55.61% -24.83%
Deferred Revenue $62.80M $66.60M $61.90M
YoY Change 1.45% 10.82% 12.14%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $285.1M $292.5M $263.6M
YoY Change 8.16% 28.57% 10.25%
LONG-TERM LIABILITIES
Long-Term Debt $771.8M $817.2M $629.0M
YoY Change 22.7% 31.17% 2.78%
Other Long-Term Liabilities $203.9M $217.7M $238.2M
YoY Change -14.4% -7.95% -10.75%
Total Long-Term Liabilities $203.9M $217.7M $238.2M
YoY Change -14.4% -7.95% -10.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $285.1M $292.5M $263.6M
Total Long-Term Liabilities $203.9M $217.7M $238.2M
Total Liabilities $489.0M $510.2M $501.8M
YoY Change -2.55% 9.96% -0.83%
SHAREHOLDERS EQUITY
Retained Earnings -$69.47B -$69.39B -$69.38B
YoY Change 0.12% -0.01% -0.06%
Common Stock $70.35B $70.35B $70.29B
YoY Change 0.09% 0.1% 0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $774.8M $858.6M $733.6M
YoY Change
Total Liabilities & Shareholders Equity $2.020B $2.170B $1.915B
YoY Change 5.45% 18.92% 7.7%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $34.60M -$54.80M $27.30M
YoY Change 26.74% -483.22% -183.23%
Depreciation, Depletion And Amortization $18.90M $8.900M $25.30M
YoY Change -25.3% -65.1% -6.99%
Cash From Operating Activities $22.20M $53.40M $68.70M
YoY Change -67.69% -16.43% 75.7%
INVESTING ACTIVITIES
Capital Expenditures -$18.40M $15.70M -$10.50M
YoY Change 75.24% -296.25% 1.94%
Acquisitions $1.200M
YoY Change
Other Investing Activities $700.0K $900.0K $0.00
YoY Change 80.0% -100.0%
Cash From Investing Activities -$17.70M -$14.80M -$10.50M
YoY Change 68.57% 97.33% 11.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.800M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -185.7M $182.8M -19.80M
YoY Change 837.88% -1256.96% -40.9%
NET CHANGE
Cash From Operating Activities 22.20M $53.40M 68.70M
Cash From Investing Activities -17.70M -$14.80M -10.50M
Cash From Financing Activities -185.7M $182.8M -19.80M
Net Change In Cash -181.2M $218.3M 38.40M
YoY Change -571.88% 437.68% -1110.53%
FREE CASH FLOW
Cash From Operating Activities $22.20M $53.40M $68.70M
Capital Expenditures -$18.40M $15.70M -$10.50M
Free Cash Flow $40.60M $37.70M $79.20M
YoY Change -48.74% -47.57% 60.32%

Facts In Submission

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viav Finite Lived Intangible Assets Amortized Expense
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viav Payments For Failed Sale Leaseback And Capital Lease
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us-gaap Fiscal Period
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<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 2022 is a 52-week year ending on July 2, 2022. The Company’s fiscal 2021 was a 53-week year ending on July 3, 2021. 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
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<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 Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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viav Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities Net Settlement Method
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2021Q3 us-gaap Contract With Customer Liability
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CY2022Q1 viav Contract With Customer Liability Cumulative Catch Up Adjustment New Contracts
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viav Contract With Customer Liability Cumulative Catch Up Adjustment New Contracts
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CY2022Q1 viav Contract With Customer Liability Revenue Recognized During Period
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viav Contract With Customer Liability Revenue Recognized During Period
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CY2022Q1 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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us-gaap Provision For Doubtful Accounts
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viav Allowancefor Doubtful Accounts Receivable Write Offs Net Of Recoveries
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CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
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CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
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CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
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CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
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CY2022Q1 us-gaap Inventory Net
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CY2021Q3 us-gaap Inventory Net
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CY2022Q1 us-gaap Prepaid Expense Current
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13400000 USD
CY2021Q3 us-gaap Prepaid Expense Current
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13400000 USD
CY2022Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
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6500000 USD
CY2021Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
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6500000 USD
CY2022Q1 viav Advances To Contract Manufacturers
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14400000 USD
CY2021Q3 viav Advances To Contract Manufacturers
AdvancesToContractManufacturers
10100000 USD
CY2022Q1 us-gaap Income Taxes Receivable
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8200000 USD
CY2021Q3 us-gaap Income Taxes Receivable
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5900000 USD
CY2022Q1 us-gaap Value Added Tax Receivable Current
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18600000 USD
CY2021Q3 us-gaap Value Added Tax Receivable Current
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13200000 USD
CY2022Q1 us-gaap Other Assets Miscellaneous Current
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8300000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous Current
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7900000 USD
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
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69400000 USD
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
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57000000.0 USD
CY2022Q1 viav Contract With Customer Liability Current Increase From Cash Receipts
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1500000 USD
CY2021Q3 viav Contract With Customer Liability Current Increase From Cash Receipts
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400000 USD
CY2022Q1 us-gaap Restructuring Reserve Current
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CY2021Q3 us-gaap Restructuring Reserve Current
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500000 USD
CY2022Q1 us-gaap Accrued Income Taxes Current
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9300000 USD
CY2021Q3 us-gaap Accrued Income Taxes Current
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22600000 USD
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
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4600000 USD
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
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4300000 USD
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
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5300000 USD
CY2021Q3 us-gaap Money Market Funds At Carrying Value
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408900000 USD
CY2021Q3 us-gaap Sales And Excise Tax Payable Current
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4900000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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9700000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
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11600000 USD
CY2022Q1 us-gaap Other Sundry Liabilities Current
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16400000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Current
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12800000 USD
CY2022Q1 us-gaap Other Liabilities Current
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46800000 USD
CY2021Q3 us-gaap Other Liabilities Current
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57100000 USD
CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
91900000 USD
CY2021Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
97000000.0 USD
CY2022Q1 viav Financing Obligation Noncurrent
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16000000.0 USD
CY2021Q3 viav Financing Obligation Noncurrent
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16100000 USD
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
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17300000 USD
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
24300000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
18400000 USD
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
19800000 USD
CY2022Q1 us-gaap Trading Securities
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1700000 USD
CY2021Q3 us-gaap Trading Securities
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1600000 USD
CY2022Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
1800000 USD
CY2021Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
2600000 USD
CY2022Q1 us-gaap Product Warranty Accrual Noncurrent
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6200000 USD
CY2021Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
5400000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
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32100000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
30800000 USD
CY2022Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
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10500000 USD
CY2021Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
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18300000 USD
CY2022Q1 us-gaap Other Sundry Liabilities Noncurrent
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11500000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Noncurrent
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14300000 USD
CY2022Q1 us-gaap Other Liabilities Noncurrent
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203900000 USD
CY2021Q3 us-gaap Other Liabilities Noncurrent
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226000000.0 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
600000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
400000 USD
CY2022Q1 us-gaap Money Market Funds At Carrying Value
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428800000 USD
CY2022Q1 us-gaap Assets Fair Value Disclosure
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432900000 USD
CY2021Q3 us-gaap Assets Fair Value Disclosure
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413500000 USD
CY2022Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
2200000 USD
CY2021Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
1400000 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
3100000 USD
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
4000000.0 USD
CY2022Q1 us-gaap Liabilities Fair Value Disclosure
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5300000 USD
CY2021Q3 us-gaap Liabilities Fair Value Disclosure
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5400000 USD
CY2021Q3 us-gaap Goodwill
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396500000 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-3500000 USD
CY2022Q1 us-gaap Goodwill
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393000000.0 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
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654500000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
586400000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
68100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
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657100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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569100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
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88000000.0 USD
CY2022Q1 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
7400000 USD
CY2021Q1 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
8400000 USD
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
15300000 USD
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
16600000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
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2600000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
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8100000 USD
us-gaap Amortization Of Intangible Assets
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5300000 USD
us-gaap Amortization Of Intangible Assets
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16600000 USD
CY2022Q1 viav Finite Lived Intangible Assets Amortized Expense
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10000000.0 USD
CY2021Q1 viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
16500000 USD
viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
20600000 USD
viav Finite Lived Intangible Assets Amortized Expense
FiniteLivedIntangibleAssetsAmortizedExpense
33200000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
18900000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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25500000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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10500000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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7000000.0 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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3400000 USD
CY2022Q1 viav Finite Lived Intangible Assets Expected Amortization After Year Four
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2800000 USD
CY2022Q1 viav Finite Lived Intangible Assets Net Excluding Researchand Developmentand Goodwill
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68100000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs
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1100000 USD
CY2022Q1 us-gaap Debt Current
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CY2022Q1 us-gaap Long Term Debt
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CY2021Q3 us-gaap Long Term Debt
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224100000 USD
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10600000 shares
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196500000 USD
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CY2021Q4 us-gaap Repayments Of Senior Debt
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59000000 USD
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CY2022Q1 us-gaap Interest Expense Debt Excluding Amortization
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5300000 USD
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2400000 USD
us-gaap Interest Expense Debt Excluding Amortization
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7600000 USD
us-gaap Interest Expense Debt Excluding Amortization
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4700000 USD
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4400000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
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500000 USD
us-gaap Amortization Of Financing Costs
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1600000 USD
us-gaap Amortization Of Financing Costs
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1000000.0 USD
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700000 USD
CY2021Q1 viav Interest Expense Debt Other
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700000 USD
viav Interest Expense Debt Other
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1500000 USD
viav Interest Expense Debt Other
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1500000 USD
CY2022Q1 us-gaap Interest Expense Debt
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CY2021Q1 us-gaap Interest Expense Debt
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3600000 USD
us-gaap Interest Expense Debt
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10700000 USD
us-gaap Interest Expense Debt
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7200000 USD
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3700000 USD
CY2021Q1 us-gaap Operating Lease Cost
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3400000 USD
us-gaap Operating Lease Cost
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7200000 USD
us-gaap Operating Lease Cost
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6800000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y7M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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3500000 USD
CY2021Q1 us-gaap Operating Lease Payments
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3700000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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6400000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1900000 USD
us-gaap Operating Lease Payments
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8700000 USD
us-gaap Operating Lease Payments
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8100000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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6500000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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3500000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
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44900000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
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44900000 USD
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32100000 USD
CY2022Q1 us-gaap Operating Lease Liability
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7900000 USD
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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4700000 USD
CY2022Q1 viav Lessee Operating Lease Liability To Be Paid After Year Four
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
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49800000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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8000000.0 USD
CY2022Q1 us-gaap Operating Lease Liability
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41800000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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6800000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4900000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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3800000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13700000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
50300000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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7900000 USD
CY2021Q3 us-gaap Operating Lease Liability
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42400000 USD
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CY2021Q1 us-gaap Restructuring Charges
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200000 USD
us-gaap Restructuring Charges
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400000 USD
us-gaap Restructuring Charges
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CY2022Q1 us-gaap Restructuring Reserve
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CY2022Q1 us-gaap Income Tax Expense Benefit
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2300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15900000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
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12500000 USD
us-gaap Income Tax Expense Benefit
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21100000 USD
CY2022Q1 viav Income Tax Expense Benefit Recognized Upon Statute Of Limitations
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viav Income Tax Expense Benefit Recognized Upon Statute Of Limitations
IncomeTaxExpenseBenefitRecognizedUponStatuteOfLimitations
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CY2022Q1 us-gaap Unrecognized Tax Benefits
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50000000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits
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55500000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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1700000 USD
us-gaap Defined Benefit Plan Service Cost
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200000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
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13300000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9900000 USD
us-gaap Allocated Share Based Compensation Expense
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26900000 USD
us-gaap Allocated Share Based Compensation Expense
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22400000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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1200000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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1100000 USD
CY2022Q1 us-gaap Defined Benefit Plan Service Cost
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0 USD
CY2021Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
100000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
100000 USD
us-gaap Product Warranty Accrual Payments
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1100000 USD
us-gaap Product Warranty Accrual Payments
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1400000 USD
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
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400000 USD
CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
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300000 USD
us-gaap Defined Benefit Plan Interest Cost
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800000 USD
us-gaap Defined Benefit Plan Interest Cost
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600000 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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400000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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400000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
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900000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
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800000 USD
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-700000 USD
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-700000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-1500000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-1500000 USD
CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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700000 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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700000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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1500000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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1500000 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
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9000000 USD
us-gaap Defined Benefit Plan Contributions By Employer
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2400000 USD
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
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9200000 USD
CY2021Q4 us-gaap Product Warranty Accrual
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10300000 USD
CY2020Q4 us-gaap Product Warranty Accrual
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9600000 USD
CY2021Q3 us-gaap Product Warranty Accrual
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9700000 USD
CY2020Q2 us-gaap Product Warranty Accrual
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9400000 USD
CY2022Q1 us-gaap Product Warranty Accrual Warranties Issued
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1200000 USD
CY2021Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1600000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2600000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2000000.0 USD
CY2022Q1 us-gaap Product Warranty Accrual Payments
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700000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
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1200000 USD
CY2022Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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0 USD
CY2021Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
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us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-400000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-300000 USD
CY2022Q1 us-gaap Product Warranty Accrual
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10800000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9700000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10800000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9700000 USD
us-gaap Number Of Reportable Segments
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2 segment
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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314800000 USD
CY2022Q1 us-gaap Gross Profit
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190500000 USD
CY2022Q1 viav Gross Profit Margin
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CY2022Q1 us-gaap Operating Income Loss
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49300000 USD
CY2022Q1 viav Operating Income Loss Margin
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299900000 USD
CY2021Q1 us-gaap Gross Profit
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180100000 USD
CY2021Q1 viav Gross Profit Margin
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0.601
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
641600000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
42300000 USD
CY2021Q1 viav Operating Income Loss Margin
OperatingIncomeLossMargin
0.141
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
49300000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
42300000 USD
us-gaap Gross Profit
GrossProfit
385500000 USD
viav Gross Profit Margin
GrossProfitMargin
0.601
us-gaap Operating Income Loss
OperatingIncomeLoss
96200000 USD
viav Operating Income Loss Margin
OperatingIncomeLossMargin
0.150
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
584600000 USD
us-gaap Gross Profit
GrossProfit
349500000 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 Operating Income Loss
OperatingIncomeLoss
96200000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
73600000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
314800000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
299900000 USD
CY2022Q1 viav Number Of Geographic Regions In Which Entity Operates
NumberOfGeographicRegionsInWhichEntityOperates
3 region
CY2022Q1 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
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
641600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
584600000 USD

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