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4 Inventories
5 Investments&d050 Convertible Senior Notes Du&050 Convertible Senior Note (1)&050 Convertible Senior Note (2)&050 Convertible Senior Note (3)&7 Fair Value of Financial InstrResults of Operations Results of Operations (1) %Results of Operations (2) `*Results of Operations (3) 87Results of Operations (4) gBResults of Operations (5) MResults of Operations (6) XResults of Operations (7) cResults of Operations (8) nResults of Operations (9)!&zResults of Operations (10)&\Liquidity and Capital ResourcesItem 6 Exhibits
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4 Inventories
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FINISAR CORP10Q
12/07/2017Finisar Corporation
Delaware
943038428'(State or other jurisdiction of(I.R.S. Employer&incorporation or organization)Identification No.)
1389 Moffett Park DriveSunnyvale, California~
&0((Address of principal executive offices)
(Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0sgC
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4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of Operations Results of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital ResourcesItem 6 ExhibitsU }:}

FINISAR CORP10Q
12/07/2017.&For the Quarter Ended October 29, 2017
Page$PART I FINANCIAL INFORMATION&
Item 1. Financial Statements :
%Condensed Consolidated Balance Sheets~
1)as of October 29, 2017 and April 30, 2017,$Condensed Consolidated Statements of~
6.Operations for the three and six month periods3+ended October 29, 2017 and October 30, 2016,$Condensed Consolidated Statements of~
1)Comprehensive Income (Loss) for the three/'and six month periods ended October 29,!2017 and October 30, 2016,$Condensed Consolidated Statements of~
2*Cash Flows for the six month periods ended%October 29, 2017 and October 30, 20161)Notes to Condensed Consolidated Financial~
"
Statements4,Item 2. Management's Discussion and Analysis~
>80of Financial Condition and Results of Operations7/Item 3. Quantitative and Qualitative Disclosure~
NAbout Market RiskDlxl`T<$_*{=r<l0 !"#$%&'()*+,' Item 4. Controls and Procedures~
N!!PART II OTHER INFORMATION~
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Cash Flows3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of Operations Results of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital ResourcesItem 6 ExhibitsU }>}$
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FINISAR CORP10Q
12/07/2017
Balance Sheet
October 29, 2017
April 30, 2017(Unaudited)ASSETS
Current assets:
!Cash and cash equivalents~
~
Shortterm investments~
":~
N;%Accounts receivable, net of allowance~
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0(for doubtful accounts of $281 at October+#29, 2017 and $756 at April 30, 2017Inventories~
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*Total current assets~
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t%Property, equipment and improvements,~
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nnet( Purchased intangible assets, net~
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'f;'%(Commitments and contingencies((()Stockholders' equity:)))0*(Preferred stock, $0.001 par value, 5,000 *?** *?*/+'shares authorized, no shares issued and1,)outstanding at October 29, 2017 and April30, 2017/.'Common stock, $0.001 par value, 750,000~
...~
../%shares authorized, 114,023 shares and0%111,519 shares issued and outstanding<14at October 29, 2017 and April 30, 2017, respectively"2Additional paidin capital~
2˫22~
222.3&Accumulated other comprehensive (loss)~
3u33~
3w34income5Accumulated deficit~
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4 Inventories
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FINISAR CORP10Q
12/07/2017Income Statement
Three Months Ended
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FINISAR CORP10Q
12/07/2017Income Statement
Three Months Ended
Six Months EndedOctober 29, 2017October 30, 2016
October 29, 2017
October 30, 2016
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4 Inventories
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FINISAR CORP10Q
12/07/2017
Cash Flows
Six Months EndedOctober 29, 2017October 30, 2016Operating activities
Net income~
ґ
~
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.&Adjustments to reconcile net income to2*net cash provided by operating activities:Depreciation~
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334equivalents.5&Cash and cash equivalents at beginning~
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5VC56 of period27*Cash and cash equivalents at end of period~
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4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of Operations Results of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital ResourcesItem 6 ExhibitsU }2}$
FINISAR CORP10Q
12/07/20173. Earnings per Share
Three Months Ended
Six Months Ended0((in thousands, except per share amounts)October 29, 2017October 30, 2016 October 29, 2017
October 30, 2016
Numerator:
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4 Inventories
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12/07/20173. Earnings per Share
Three Months Ended
Six Months Ended(in thousands)October 29, 2017October 30, 2016October 29, 2017
October 30, 20160(Stock options and restricted stock units~
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FINISAR CORP10Q
12/07/20174. Inventories 
%Inventories consist of the following:
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Balance SheetIncome StatementIncome Statement (1)
Cash Flows3 Earnings per Share3 Earnings per Share (1)
4 Inventories!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of Operations Results of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital ResourcesItem 6 ExhibitsU }U} $
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12/07/20175. Investments
October 29, 2017
April 30, 2017Gross Unrealized
Gross Unrealized(in thousands)Amortized Cost
Gains
Losses
Fair ValueAmortized Cost
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Commercial paper
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4 Inventories
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12/07/2017/'0.50% Convertible Senior Notes Due 2036
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4 Inventories
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12/07/2017.&7. Fair Value of Financial Instruments
!
October 29, 2017
April 30, 2017Carrying
Fair ValueCarrying
Fair Value(in thousands)AmountLevel 1Level 2Level 3
TotalAmountLevel 1Level 2Level 3
Total
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FINISAR CORP10Q
12/07/2017Results of Operations
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FINISAR CORP10Q
12/07/2017Results of Operations
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12/07/2017Results of Operations
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12/07/2017Results of Operations
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12/07/2017Results of Operations
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FINISAR CORP10Q
12/07/2017Results of Operations
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FINISAR CORP10Q
12/07/2017Results of Operations
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12/07/2017Results of Operations
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FINISAR CORP10Q
12/07/2017Results of Operations
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FINISAR CORP10Q
12/07/2017Results of Operations
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FINISAR CORP10Q
12/07/2017Results of Operations
1
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FINISAR CORP10Q
12/07/2017'Liquidity and Capital Resources
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FINISAR CORP10Q
12/07/2017Item 6. Exhibits
Exhibit Number
Exhibit Description10.1 *0(Fiscal 2018 Executive Officer Bonus Plan
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