2022 Q3 Form 10-K Financial Statement

#000091209322000042 Filed on August 19, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $335.3M $315.5M $314.8M
YoY Change 7.85% 3.99% 4.97%
Cost Of Revenue $134.2M $128.6M $124.3M
YoY Change 4.84% 5.93% 3.76%
Gross Profit $201.1M $186.9M $190.5M
YoY Change 9.95% 2.69% 5.77%
Gross Profit Margin 59.98% 59.24% 60.51%
Selling, General & Admin $96.70M $89.00M $88.20M
YoY Change 9.51% 3.37% 10.94%
% of Gross Profit 48.09% 47.62% 46.3%
Research & Development $54.20M $54.90M $50.50M
YoY Change -0.18% 5.37% 1.0%
% of Gross Profit 26.95% 29.37% 26.51%
Depreciation & Amortization $15.10M $21.90M $18.90M
YoY Change -41.25% -15.12% -25.3%
% of Gross Profit 7.51% 11.72% 9.92%
Operating Expenses $153.1M $146.1M $141.2M
YoY Change 1.39% 0.0% 2.47%
Operating Profit $48.00M $40.80M $49.30M
YoY Change 50.47% 13.65% 16.55%
Interest Expense -$6.200M $6.400M $7.100M
YoY Change 58.97% 77.78% 97.22%
% of Operating Profit -12.92% 15.69% 14.4%
Other Income/Expense, Net $2.100M $600.0K $1.100M
YoY Change -16.0% -166.67% 0.0%
Pretax Income $40.80M $28.60M $36.90M
YoY Change 30.35% 10.0% 7.27%
Income Tax $24.30M $9.400M $2.300M
% Of Pretax Income 59.56% 32.87% 6.23%
Net Earnings $16.50M $19.20M $34.60M
YoY Change 400.0% 11.63% 26.74%
Net Earnings / Revenue 4.92% 6.09% 10.99%
Basic Earnings Per Share $0.07 $0.08 $0.15
Diluted Earnings Per Share $0.07 $0.08 $0.14
COMMON SHARES
Basic Shares Outstanding 227.2M shares 229.2M shares 236.0M shares
Diluted Shares Outstanding 231.3M shares 236.8M shares 242.3M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $561.3M $591.4M $733.8M
YoY Change -19.75% -12.26% 13.59%
Cash & Equivalents $559.9M $589.8M $732.1M
Short-Term Investments $1.400M $1.600M $1.700M
Other Short-Term Assets $47.90M $49.50M $47.30M
YoY Change 13.51% 54.69% 21.28%
Inventory $110.1M $113.9M $114.4M
Prepaid Expenses $16.00M $12.70M $13.40M
Receivables $260.9M $269.3M $258.3M
Other Receivables $24.90M $19.90M $26.80M
Total Short-Term Assets $1.005B $1.044B $1.181B
YoY Change -9.62% -3.33% 12.82%
LONG-TERM ASSETS
Property, Plant & Equipment $228.9M $221.2M $213.3M
YoY Change 16.79% 22.89% 17.39%
Goodwill $387.6M $388.9M $393.0M
YoY Change -2.24% -1.89% -0.61%
Intangibles $54.20M $58.20M $68.10M
YoY Change -38.41% -44.36% -43.63%
Long-Term Investments
YoY Change
Other Assets $65.80M $64.00M $62.40M
YoY Change 10.59% 21.44% 15.77%
Total Long-Term Assets $822.8M $834.0M $839.0M
YoY Change -3.12% -1.51% -3.43%
TOTAL ASSETS
Total Short-Term Assets $1.005B $1.044B $1.181B
Total Long-Term Assets $822.8M $834.0M $839.0M
Total Assets $1.828B $1.878B $2.020B
YoY Change -6.81% -2.53% 5.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.30M $58.30M $68.00M
YoY Change -7.75% 6.39% 27.1%
Accrued Expenses $29.30M $30.20M $30.10M
YoY Change 18.15% 10.22% 36.2%
Deferred Revenue $81.00M $78.10M $62.80M
YoY Change 16.21% 18.51% 1.45%
Short-Term Debt $68.40M $0.00 $0.00
YoY Change -85.02%
Long-Term Debt Due $68.40M $0.00 $0.00
YoY Change -85.02%
Total Short-Term Liabilities $369.3M $259.7M $285.1M
YoY Change -50.59% -4.91% 8.16%
LONG-TERM LIABILITIES
Long-Term Debt $632.5M $722.4M $771.8M
YoY Change 163.32% 13.94% 22.7%
Other Long-Term Liabilities $170.4M $202.0M $203.9M
YoY Change -24.6% -9.74% -14.4%
Total Long-Term Liabilities $170.4M $202.0M $203.9M
YoY Change -24.6% -9.74% -14.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $369.3M $259.7M $285.1M
Total Long-Term Liabilities $170.4M $202.0M $203.9M
Total Liabilities $539.7M $461.7M $489.0M
YoY Change -44.56% -7.08% -2.55%
SHAREHOLDERS EQUITY
Retained Earnings -$69.54B -$69.53B -$69.47B
YoY Change 0.32% 0.21% 0.12%
Common Stock $70.37B $70.36B $70.35B
YoY Change 0.27% 0.09% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $671.7M $709.9M $774.8M
YoY Change
Total Liabilities & Shareholders Equity $1.828B $1.878B $2.020B
YoY Change -6.81% -2.53% 5.45%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $16.50M $19.20M $34.60M
YoY Change 400.0% 11.63% 26.74%
Depreciation, Depletion And Amortization $15.10M $21.90M $18.90M
YoY Change -41.25% -15.12% -25.3%
Cash From Operating Activities $73.60M $28.90M $22.20M
YoY Change 17.57% -39.92% -67.69%
INVESTING ACTIVITIES
Capital Expenditures -$19.10M -$19.30M -$18.40M
YoY Change -24.8% 135.37% 75.24%
Acquisitions
YoY Change
Other Investing Activities -$700.0K $600.0K $700.0K
YoY Change -146.67% -57.14%
Cash From Investing Activities -$19.80M -$18.70M -$17.70M
YoY Change -17.15% 175.0% 68.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.10M -148.4M -185.7M
YoY Change 278.85% 1852.63% 837.88%
NET CHANGE
Cash From Operating Activities 73.60M 28.90M 22.20M
Cash From Investing Activities -19.80M -18.70M -17.70M
Cash From Financing Activities -59.10M -148.4M -185.7M
Net Change In Cash -5.300M -138.2M -181.2M
YoY Change -122.94% -510.09% -571.88%
FREE CASH FLOW
Cash From Operating Activities $73.60M $28.90M $22.20M
Capital Expenditures -$19.10M -$19.30M -$18.40M
Free Cash Flow $92.70M $48.20M $40.60M
YoY Change 5.34% -14.39% -48.74%

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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 2022 fiscal year was a 52-week year ending on July 2, 2022. The Company’s 2021 fiscal year was a 53-week year ending on July 3, 2021; fiscal year 2020 was a 52-week fiscal 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>
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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 in conformity with U.S. GAAP requires management to make estimates and assumptions that effect 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. Estimates are based on historical factors, current circumstances and the experience and judgment of management. Under changed conditions the Company’s reported financial positions or results of operations may be materially impacted 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 more readily available information. Actual results may differ from these estimates due to the uncertainty around the magnitude, duration and effects of the COVID-19 pandemic, as well as other factors.</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%">A novel strain of coronavirus (COVID-19) declared an international pandemic by the World Health Organization (WHO) in March 2020 continues to have a global impact more than two years since it was first identified. The worldwide spread of the COVID-19 virus resulted in a global slowdown of economic activity which could continue to impact demand for a broad variety of goods and services, including from the Company’s customers, while also continuing to disrupt sales channels and marketing activities for an unknown period of time. New and potentially more contagious variants of the virus have emerged over the course of the pandemic, along with a surge in cases in several regions across the globe, including Europe and Asia, resulting in renewed shutdown, mandatory quarantines and shelter in place orders in certain regions. These events have led, at times, to slowdowns in shipping and commercial activities. While rollout of several vaccines commenced in December 2020, the pace of the global rollout has been slow and the demand for vaccine outpaces available supply, particularly in developing nations. As economies recover, there are shipping and logistics challenges and continued supply chain constraints, shortages and delays, along with inflationary pricing pressures. Governmental vaccine mandates and mandated quarantines could lead to attrition and operational challenges. While the Company expects that all of this could have a negative impact to its sales and its results of operations, the Company is not aware of any specific event or circumstances that would require an update to the estimates or judgments or a revision of the carrying value of assets or liabilities as of the date of issuance of this Annual Report on Form 10-K. These estimates may change, as new events occur and additional information becomes available. Actual results may differ materially from these estimates, assumptions or conditions.</span></div>
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CY2021Q3 us-gaap Asset Retirement Obligation
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3700000 usd
CY2022 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<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">Foreign Currency Forward Contracts</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 conducts its business and sells its products to customers primarily in North America, Europe, Asia and South America. In the normal course of business, the Company’s financial position is routinely subject to market risks associated with foreign currency rate fluctuations due to balance sheet positions in foreign currencies. The Company evaluates foreign exchange risks and utilizes foreign currency forward contracts to reduce such risks, hedging the gains or losses generated by the re-measurement of significant foreign currency denominated monetary assets and liabilities. The fair value of these contracts is reflected as other current assets or liabilities and the change in fair value of these foreign currency forward contracts is recorded as gain or loss in the Company’s Consolidated Statements of Operations as a component of interest and other income, net. The gain or loss from the change in fair value of these foreign currency forward contracts largely offsets the change in fair value of the foreign currency denominated monetary assets or liabilities, which is also recorded as a component of Interest and other income, net.</span></div>
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
800000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
400000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
100000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 usd
CY2022Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4200000 usd
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4000000.0 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
300000 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
700000 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
100000 usd
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 usd
CY2021Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3700000 usd
CY2022Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
500000 usd
CY2021Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
1300000 usd
CY2022Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
3700000 usd
CY2021Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2400000 usd
CY2021Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
456600000 usd
CY2021Q3 us-gaap Long Term Debt
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224100000 usd
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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0 usd
CY2021Q3 us-gaap Additional Paid In Capital
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70183200000 usd
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
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-69322300000 usd
CY2021 us-gaap Interest Expense
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14700000 usd
CY2021 us-gaap Net Income Loss
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67500000 usd
CY2021 us-gaap Earnings Per Share Basic
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0.30
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
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228700000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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236300000 shares
CY2020 us-gaap Interest Expense
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13400000 usd
CY2020 us-gaap Net Income Loss
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49000000.0 usd
CY2020 us-gaap Earnings Per Share Basic
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0.21
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
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229400000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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234800000 shares
CY2022 us-gaap Net Income Loss
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15500000 usd
CY2021 us-gaap Net Income Loss
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67500000 usd
CY2020 us-gaap Net Income Loss
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49000000.0 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
230900000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228700000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229400000 shares
CY2022 viav Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities Net Settlement Method
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfDebtSecuritiesNetSettlementMethod
4800000 shares
CY2021 viav Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities Net Settlement Method
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfDebtSecuritiesNetSettlementMethod
5000000.0 shares
CY2020 viav Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities Net Settlement Method
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfDebtSecuritiesNetSettlementMethod
2300000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2500000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2600000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3100000 shares
CY2022 viav Defined Contribution Plan Employer Match Level One
DefinedContributionPlanEmployerMatchLevelOne
1
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238200000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
236300000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
234800000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2020 us-gaap Earnings Per Share Basic
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0.21
CY2022 us-gaap Earnings Per Share Diluted
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0.07
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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400000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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200000 shares
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20100000 usd
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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6200000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability Current
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1800000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2022Q3 us-gaap Contract With Customer Asset Net Current
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CY2021Q3 us-gaap Contract With Customer Asset Net Current
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6200000 usd
CY2021Q3 us-gaap Contract With Customer Liability
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89500000 usd
CY2022 viav Contract With Customer Liability Cumulative Catch Up Adjustment New Contracts
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentNewContracts
130600000 usd
CY2022 viav Contract With Customer Liability Revenue Recognized Including Opening Balance
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119700000 usd
CY2022Q3 us-gaap Contract With Customer Liability
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100400000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
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81000000.0 usd
CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
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19400000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
299100000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.93
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2000000.0 usd
CY2022 us-gaap Provision For Doubtful Accounts
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CY2022 viav Allowance For Doubtful Accounts Receivable Currency Translation Adjustments And Write Offs Against Allowance
AllowanceForDoubtfulAccountsReceivableCurrencyTranslationAdjustmentsAndWriteOffsAgainstAllowance
1500000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1400000 usd
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3000000.0 usd
CY2021 us-gaap Provision For Doubtful Accounts
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CY2021 viav Allowance For Doubtful Accounts Receivable Currency Translation Adjustments And Write Offs Against Allowance
AllowanceForDoubtfulAccountsReceivableCurrencyTranslationAdjustmentsAndWriteOffsAgainstAllowance
2100000 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2000000.0 usd
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2000000.0 usd
CY2020 us-gaap Provision For Doubtful Accounts
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CY2020 viav Allowance For Doubtful Accounts Receivable Currency Translation Adjustments And Write Offs Against Allowance
AllowanceForDoubtfulAccountsReceivableCurrencyTranslationAdjustmentsAndWriteOffsAgainstAllowance
1000000.0 usd
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3000000.0 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
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41600000 usd
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
41000000.0 usd
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
17700000 usd
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
16600000 usd
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
50800000 usd
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
37300000 usd
CY2022Q3 us-gaap Inventory Net
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110100000 usd
CY2021Q3 us-gaap Inventory Net
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94900000 usd
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
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57000000.0 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
5100000 usd
CY2022Q3 us-gaap Prepaid Expense Current
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16000000.0 usd
CY2021Q3 us-gaap Prepaid Expense Current
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13400000 usd
CY2022Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
2500000 usd
CY2021Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
6500000 usd
CY2022Q3 viav Advances To Contract Manufacturers
AdvancesToContractManufacturers
11800000 usd
CY2021Q3 viav Advances To Contract Manufacturers
AdvancesToContractManufacturers
10100000 usd
CY2022Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
14500000 usd
CY2021Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
5900000 usd
CY2022Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
10400000 usd
CY2021Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
13200000 usd
CY2022Q3 us-gaap Other Assets Miscellaneous Current
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14000000.0 usd
CY2021Q3 us-gaap Other Assets Miscellaneous Current
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7900000 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
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69200000 usd
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4400000 usd
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4300000 usd
CY2022Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
11500000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
592600000 usd
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
553900000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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363700000 usd
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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357900000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
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228900000 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
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196000000.0 usd
CY2022Q3 viav Contract With Customer Liability Current Increase From Cash Receipts
ContractWithCustomerLiabilityCurrentIncreaseFromCashReceipts
900000 usd
CY2021Q3 viav Contract With Customer Liability Current Increase From Cash Receipts
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400000 usd
CY2022Q3 us-gaap Restructuring Reserve Current
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CY2021Q3 us-gaap Restructuring Reserve Current
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500000 usd
CY2022Q3 us-gaap Accrued Income Taxes Current
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9600000 usd
CY2021Q3 us-gaap Accrued Income Taxes Current
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22600000 usd
CY2021Q3 us-gaap Sales And Excise Tax Payable Current
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4900000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
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10100000 usd
CY2021Q3 us-gaap Operating Lease Liability Current
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11600000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability Current
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1800000 usd
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability Current
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4000000.0 usd
CY2022Q3 us-gaap Interest Payable Current
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4600000 usd
CY2021Q3 us-gaap Interest Payable Current
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1900000 usd
CY2022Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
8400000 usd
CY2021Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1400000 usd
CY2022Q3 us-gaap Other Sundry Liabilities Current
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5000000.0 usd
CY2021Q3 us-gaap Other Sundry Liabilities Current
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5500000 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
56300000 usd
CY2021Q3 us-gaap Other Liabilities Current
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57100000 usd
CY2022Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
59600000 usd
CY2021Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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97000000.0 usd
CY2022Q3 us-gaap Deferred Income Tax Liabilities Net
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9500000 usd
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
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24300000 usd
CY2022Q3 viav Financing Obligation Noncurrent
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CY2021Q3 viav Financing Obligation Noncurrent
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CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
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19400000 usd
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
19800000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33500000 usd
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
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30800000 usd
CY2022Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
12900000 usd
CY2021Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
18300000 usd
CY2022Q3 us-gaap Product Warranty Accrual Noncurrent
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6200000 usd
CY2021Q3 us-gaap Product Warranty Accrual Noncurrent
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5400000 usd
CY2022Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
13300000 usd
CY2021Q3 us-gaap Other Sundry Liabilities Noncurrent
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14300000 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
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CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
226000000.0 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
3400000 usd
CY2021 us-gaap Investment Income Interest
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CY2020 us-gaap Investment Income Interest
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1400000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2022 viav Other Nonoperating Income Expense Miscellaneous
OtherNonoperatingIncomeExpenseMiscellaneous
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CY2021 viav Other Nonoperating Income Expense Miscellaneous
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CY2022 us-gaap Gain Loss On Investments
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CY2021 us-gaap Gain Loss On Investments
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CY2020 us-gaap Gain Loss On Investments
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CY2022 us-gaap Other Nonoperating Income Expense
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5200000 usd
CY2021 us-gaap Other Nonoperating Income Expense
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CY2020 us-gaap Other Nonoperating Income Expense
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CY2022Q3 us-gaap Short Term Investments
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CY2021Q3 us-gaap Short Term Investments
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1600000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
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CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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CY2022Q3 us-gaap Money Market Funds At Carrying Value
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CY2021Q3 us-gaap Money Market Funds At Carrying Value
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CY2022Q3 us-gaap Trading Securities
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CY2021Q3 us-gaap Trading Securities
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CY2022Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
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3800000 usd
CY2021Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
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CY2022Q3 us-gaap Assets Fair Value Disclosure
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319000000.0 usd
CY2021Q3 us-gaap Assets Fair Value Disclosure
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413500000 usd
CY2022Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
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8400000 usd
CY2021Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
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CY2022Q3 us-gaap Liabilities Fair Value Disclosure
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CY2021Q3 us-gaap Liabilities Fair Value Disclosure
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CY2020Q2 us-gaap Goodwill
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CY2021Q3 us-gaap Goodwill
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CY2022 us-gaap Goodwill Acquired During Period
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CY2022Q3 us-gaap Goodwill
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588100000 usd
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CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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25900000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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54200000 usd
CY2022Q3 us-gaap Short Term Borrowings
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CY2021Q3 us-gaap Short Term Borrowings
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CY2022Q3 viav Convertible Debt Carrying Value Of Liability Component
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CY2021Q3 viav Convertible Debt Carrying Value Of Liability Component
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224100000 usd
CY2021Q3 us-gaap Debt Conversion Converted Instrument Shares Issued1
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CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q3 us-gaap Repayments Of Senior Debt
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CY2022 dei Auditor Firm
AuditorFirmId
238

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