Table 4 | ||||||||||||||||||||||||||
Reconciliation of Adjusting Operating Income (Loss) to Operating Income (Loss) to Net Earnings (Loss) | ||||||||||||||||||||||||||
$ Millions | ||||||||||||||||||||||||||
(Unaudited) | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
Dec 31, | Sept 30, | Dec 31, | Dec 31, | Dec 31, | ||||||||||||||||||||||
2019 | 2019 | 2018 | 2019 | 2018 | ||||||||||||||||||||||
Adjusted operating income (loss) | $ | 65.3 | $ | 50.9 | $ | 57.3 | $ | 116.2 | $ | 105.4 | ||||||||||||||||
Preliminary fair value adjustment on acquired inventory | 80.6 | 7.1 | - | 87.7 | - | |||||||||||||||||||||
Amortization of acquired intangibles | 33.6 | 6.2 | 4.1 | 39.8 | 7.8 | |||||||||||||||||||||
Stock based compensation | 19.3 | 5.4 | 5.0 | 24.7 | 10.3 | |||||||||||||||||||||
Transaction expenses related to acquisitions | 8.0 | 5.6 | 8.6 | 13.6 | 10.4 | |||||||||||||||||||||
Restructuring and related expenses | 1.6 | - | - | 1.6 | - | |||||||||||||||||||||
One-time costs related to the Finisar acquisition | - | 26.8 | - | 26.8 | - | |||||||||||||||||||||
Severance and related - Stock based compensation | - | 10.7 | - | 10.7 | - | |||||||||||||||||||||
Severance and related - Other compensation | 0.6 | 7.7 | - | 8.3 | - | |||||||||||||||||||||
Operating income (loss) | $ | (78.6 | ) | $ | (18.5 | ) | $ | 39.6 | $ | (97.1 | ) | $ | 76.9 | |||||||||||||
Interest expense | 28.3 | 7.0 | 5.6 | 35.3 | 11.2 | |||||||||||||||||||||
Other expense (income), net | 0.5 | 5.0 | (0.7 | ) | 5.6 | (1.4 | ) | |||||||||||||||||||
Income taxes | (9.2 | ) | (4.5 | ) | 6.0 | (13.8 | ) | 12.2 | ||||||||||||||||||
Net Earnings (Loss) | $ | (98.2 | ) | $ | (26.0 | ) | $ | 28.7 | $ | (124.2 | ) | $ | 54.9 |
*Amounts may not recalculate due to rounding.