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l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~4#܈ ~~9#܈ ~~3#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33Finisar Corporation&For the Quarter Ended July 29 2'
Balance Sheet_DIncome Statement[Income Statement (1)h
Cash Flows&GEffect of Adoption of New Accou&ŗEffect of Adoption of New A (1)&Effect of Adoption of New A (2)3 Earnings per ShareZ3 Earnings per Share (1)c
4 Inventories
5 Investments&n050 Convertible Senior Notes Du&050 Convertible Senior Note (1)&050 Convertible Senior Note (2)&W050 Convertible Senior Note (3)&7 Fair Value of Financial Instr'Results of Operations 5Results of Operations (1) ~@Results of Operations (2) LResults of Operations (3) 0XResults of Operations (4) cResults of Operations (5) nResults of Operations (6) FzResults of Operations (7) Results of Operations (8) Results of Operations (9)!IResults of Operations (10)&Liquidity and Capital Resources&Contractual Obligations and ComItem 6 Exhibits
Basic Rent&AS AMENDED AND RESTATED EFFECTI&BRIEFLY DESCRIBE CHANGE IN CONT RECITALS*IN WITNESS WHEREOF
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }0}$ }
FINISAR CORP10Q
09/06/2018Finisar 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)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0sgC
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }:}
,
FINISAR CORP10Q
09/06/2018+#For the Quarter Ended July 29, 2018
Page$PART I FINANCIAL INFORMATION&
Item 1. Financial Statements :
%Condensed Consolidated Balance Sheets~
.&as of July 29, 2018 and April 29, 2018,$Condensed Consolidated Statements of~
.&Operations for the three month periods%ended July 29, 2018 and July 30, 2017,$Condensed Consolidated Statements of~
1)Comprehensive Income (Loss) for the three2*month periods ended July 29, 2018 and July30, 2017,$Condensed Consolidated Statements of~
4,Cash Flows for the three month periods ended'July 29, 2018 and July 30, 20171)Notes to Condensed Consolidated Financial~
"
Statements4,Item 2. Management's Discussion and Analysis~
B80of Financial Condition and Results of Operations7/Item 3. Quantitative and Qualitative Disclosure~
VAbout Market RiskDl{ocW?'b0Q\1V !"#$%&'()*+' Item 4. Controls and Procedures~
Z!!PART II OTHER INFORMATION~
!^!"Item 1. Legal Proceedings~
"^#Item 1A. Risk Factors~
#^$Item 6. Exhibits~
$%
Signatures~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2Income StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }I;}$
=
FINISAR CORP10Q
09/06/2018
Balance Sheet
July 29, 2018
April 29, 2018(Unaudited)ASSETS
Current assets:
!Cash and cash equivalents~
~
Shortterm investments~
2~
6%Accounts receivable, net of allowance~
*%~
@1)for doubtful accounts of $333 at July 29,'2018 and $269 at April 29, 2018Inventories~
Z~
EOther current assets~
:Y~
kTotal current assets~
m~
Bp%Property, equipment and improvements,~
#~
Fnet( Purchased intangible assets, net~
Zi~
{Goodwill~
~
Other assets~
n~
Deferred tax assets~
=~
JTotal assets~
f~
F,$LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable~
% ~
D
lym
u6oGG8 !"#$%&'()*+,./0123456789:;< Accrued compensation~
V( ~
6 !!Other accrued liabilities~
!!!~
!!"Deferred revenue """~
""+##Current portion of convertible debt~
###~
#:V#!$Total current liabilities~
$>$$~
$N$%Longterm liabilities:%%%0&(Convertible debt, net of current portion~
&+&&~
&&%'Other noncurrent liabilities~
'''~
'B'(Total liabilities~
(<((~
(B:(%)Commitments and contingencies)))*Stockholders' equity:***0+(Preferred stock, $0.001 par value, 5,000 +++ ++/,'shares authorized, no shares issued and2*outstanding at July 29, 2018 and April 29,~
.//'Common stock, $0.001 par value, 750,000~
///~
//0%shares authorized, 117,160 shares and1%114,813 shares issued and outstanding921at July 29, 2018 and April 29, 2018, respectively"3Additional paidin capital~
3f&33~
3N3,4$Accumulated other comprehensive loss~
4J44~
445Accumulated deficit~
5j55~
55"6Total stockholders' equity~
6a66~
6c627*Total liabilities and stockholders' equity~
7f77~
7F789$:____________________________1;)Created by Morningstar Document Research.0<(http://documentresearch.morningstar.com/>
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l +VY
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }6}$
+
FINISAR CORP10Q
09/06/2018Income Statement
Three Months Ended
July 29, 2018
July 30, 2017
Revenues
~
b^
~
Cost of revenues~
i~
5Amortization of acquired developed technology~
~
Gross profit~
~
Operating expenses: Research and development~
N~
Sales and marketing~
~
"General and administrative~
~
FStartup costs~
v %Amortization of purchased intangibles~
~
Total operating expenses~
~
.6%Income (loss) from operations~
~
bInterest income~
P~
5Interest expense~
Zm~
.s#Other income (expense), net~
~
)!Income (loss) before income taxes~
Ƭ~
6R1)Provision for (benefit from) income taxes~
~
Net income (loss)~
~
N6$Net income (loss) per share:D[lvjr6n6["Sg ! " # $ % & ' ( ) *
Basic {GzĿ
ףp=
? !Diluted!!{GzĿ!!!(\?!2"*Shares used in computing net income (loss)""""#
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$Basic$~
$n$$~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome Statement
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }0}$
FINISAR CORP10Q
09/06/2018Income Statement
Three Months Ended
July 29, 2018
July 30, 2017Net income (loss)~
~
N6.
&Other comprehensive income (loss), net
of tax:%Change in cumulative foreign currency~
0~
translation adjustment0(Total other comprehensive income (loss),~
0~
net of tax)!Total comprehensive income (loss)~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6vjr u_=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }I;}$
;
FINISAR CORP10Q
09/06/2018
Cash Flows
Three Months Ended
July 29, 2018
July 30, 2017Operating activities
Net income (loss)~
~
N6
2*Adjustments to reconcile net income (loss)5to net cash provided by operating activities:Depreciation~
~~
jAmortization~
~
( Stockbased compensation expense~
~
4,Amortization of discount on heldtomaturity~
~
investments'Impairment of longlived assets~
)!Impairment of minority investment ~
$/'Amortization of discount on convertible~
{~
vdebt#Deferred income tax benefit~
: 4,Changes in operating assets and liabilities:Accounts receivable~
&M~
vInventories~
~
nOther assets~
b~
Accounts payable~
~
}Accrued compensation~
",~
<D
lpXhLStdC !"#$%&'()*+,./0123456789:! Other accrued liabilities~
~
Z !Deferred revenue !!!~
!!1")Net cash provided by operating activities~
"""~
"B"#Investing activities###9$1Additions to property, equipment and improvements~
$$$~
$V$+%#Purchases of shortterm investments~
%%%~
%%,&$Maturities of shortterm investments~
&+&&~
&(&'%Net cash used in investing activities~
'''~
'S'(Financing activities(((2)*Proceeds from the issuance of shares under~
)i))~
)h)0*(equity plans and employee stock purchase+plan/,'Shares repurchased for tax withholdings~
,~,,~
,,,$on vesting of restricted stock units1.)Net cash provided by financing activities~
.nD..~
..1/)Net increase in cash and cash equivalents~
///~
/"/.0&Cash and cash equivalents at beginning~
000~
001 of period22*Cash and cash equivalents at end of period~
222~
22830Supplemental disclosure of cash flow information3334Cash paid for interest~
4 44~
4 45Cash paid for taxes~
5.*55~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }y#}$
FINISAR CORP10Q
09/06/20185Effect of Adoption of New Accounting Standard
(
Three Months Ended July 29, 2018(in thousands)As reportedAdjustments$ Without new revenue standardRevenues~
b^~
~
Cost of revenues~
i
~
~
~
n8
Gross profit~
~
"~
ҸNet loss~
~
"~
> As of July 29, 2018(in thousands)As reportedAdjustments$ Without new revenue standardOther current assets~
:Y~
^~
RDeferred tax assets~
=~
N#~
aDeferred revenue
$~
~
%Other noncurrent liabilities~
~
F~
Accumulated deficit~
j~
F~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }0}$
FINISAR CORP10Q
09/06/20185Effect of Adoption of New Accounting Standard
Three Months Ended(in thousands)
July 29, 2018
July 30, 2017
United States~
~
China~
~
:
Malaysia~
4~
ZRest of the world~
6~
2Totals~
b^~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }}$
FINISAR CORP10Q
09/06/20185Effect of Adoption of New Accounting Standard
Three Months Ended(in thousands)
July 29, 2018
July 30, 2017Datacom~
~
*
Telecom~
~
Totals~
b^~
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Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }1}$
"
FINISAR CORP10Q
09/06/20183. Earnings per Share
Three Months Ended0((in thousands, except per share amounts)
July 29, 2018
July 30, 2017
Numerator:
Net income (loss)~
~
N6
1)Numerator for basic net income (loss) per~
~
N6
share/'Numerator for diluted net income (loss)~
~
N6 per shareDenominator:/'Denominator for basic net income (loss)~
n~
+#per share  weighted average shares&Effect of dilutive securities:0(Stock options and restricted stock units ~
J1( Dilutive potential common shares ~
J11)Denominator for diluted net income (loss)~
n~
per share$Net income (loss) per share:
Basic{GzĿ
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share
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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }0}
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FINISAR CORP10Q
09/06/20183. Earnings per Share
Three Months Ended(in thousands)
July 29, 2018
July 30, 20170(Stock options and restricted stock units~
:Y~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T}qe'=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }}$
FINISAR CORP10Q
09/06/20184. Inventories 
%Inventories consist of the following:
As of(in thousands)
July 29, 2018April 29, 2018
Raw materials~
h~
f'
Workinprocess~
~
\
Finished goods~
F~
Total inventories~
Z~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }U} $
!!!!!!!!!! !
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!!!!!!!!FINISAR CORP10Q
09/06/20185. Investments
July 29, 2018
April 29, 2018Gross Unrealized
Gross Unrealized(in thousands)Amortized Cost
Gains
Losses
Fair ValueAmortized Cost
GainsLosses
Fair Value
Commercial paper
~
.
$
$
~
.
~
r!
$
$
~
r!
Certificates of deposit~


~
~
 ~
Total~
2
$
$
~
2~
6
$
$~
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Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018/'0.50% Convertible Senior Notes Due 2036
Liability component:
Principal~
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Unamortized debt issuance costs~
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6.Net carrying amount of the liability component~
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Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018/'0.50% Convertible Senior Notes Due 2036
Three Months Ended*"(in thousands, except percentages)
July 29, 2018
July 30, 2017$Contractual interest expense~
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!Amortization of the debt discount~
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Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 (3)!7 Fair Value of Financial InstrResults of OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018/'0.50% Convertible Senior Notes Due 2033
Liability component:
Principal~
!Unamortized debt discount~
'
Unamortized debt issuance costs~
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6.Net carrying amount of the liability component~
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Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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)!7 Fair Value of Financial InstrResults of OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018/'0.50% Convertible Senior Notes Due 2033
Three Months Ended*"(in thousands, except percentages)
July 29, 2018
July 30, 2017$Contractual interest expense~
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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)Results of OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
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"""""""""FINISAR CORP10Q
09/06/2018.&7. Fair Value of Financial Instruments
!
July 29, 2018
April 29, 2018Carrying
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Fair Value(in thousands)AmountLevel 1Level 2Level 3
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Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 (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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
(
Revenues (by market application)
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*"(in thousands, except percentages)
July 29, 2018
July 30, 2017 Change
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Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
5
Amortization of Acquired Developed Technology
*"(in thousands, except percentages)
July 29, 2018
July 30, 2017 Change
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Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults of Operations (1)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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
Gross Profit
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July 29, 2018
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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 OperationsResults of Operations (1)Results of Operations (2)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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
)
!Research and Development Expenses
*"(in thousands, except percentages)
July 29, 2018
July 30, 2017 Change
% ChangeThree months ended~
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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 OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)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 Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
$
Sales and Marketing Expenses
*"(in thousands, except percentages)
July 29, 2018
July 30, 2017 Change
% ChangeThree months ended~
~
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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 OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
+
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July 29, 2018
July 30, 2017 Change
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Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
StartUp Costs
*"(in thousands, except percentages)
July 29, 2018
July 30, 2017 Change
% ChangeThree months ended~
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Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
Interest Income
*"(in thousands, except percentages)
July 29, 2018
July 30, 2017 Change
% ChangeThree months ended~
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Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
Interest Expense
*"(in thousands, except percentages)
July 29, 2018
July 30, 2017 Change
% ChangeThree months ended~
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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 OperationsResults 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 (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
#
Other Income (Expense), Net
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July 29, 2018
July 30, 2017 Change
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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 OperationsResults 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)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018Results of Operations
1
)Provision for (Benefit from) Income Taxes
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July 29, 2018
July 30, 2017 Change
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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 OperationsResults 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)!Contractual Obligations and ComItem 6 Exhibits
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FINISAR CORP10Q
09/06/2018'Liquidity and Capital Resources
Three Months Ended
(in millions)
July 29, 2018
July 30, 20171)Net cash provided by operating activitiesfffffM@F@
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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 OperationsResults 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 Exhibits
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FINISAR CORP10Q
09/06/2018:2Contractual Obligations and Commercial Commitments
Payments Due by Period Less than
AfterContractual Obligations
Total1 year 13 Years
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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 OperationsResults 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 Resources!Contractual Obligations and Com
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FINISAR CORP10Q
09/06/2018Item 6. Exhibits
Exhibit Number
Exhibit Description333333$@1)First Amendment to Lease Agreement by and
4
,between Finistar (CATX) Limited Partnership/'and Finisar Corporation, dated July 30,~
10.2*1)Finisar Executive Retention and Severance/'Plan, as amended and restated effective
July 15, 2018
10.3*.&Form of Restricted Stock Unit Issuance#Agreement  Officers (2018)
10.4*.&Form of Officer Performance Restricted,$Stock Unit Issuance Agreement (2018)?@,$Certification of Principal Executive=5Officer pursuant to Section 302 of the SarbanesOxleyAct of 2002333333?@,$Certification of Principal Financial=5Officer pursuant to Section 302 of the SarbanesOxleyAct of 2002@@0(Certification of Chief Executive Officer5pursuant to Section 906 of the SarbanesOxleyAct of 2002D( lvjF:w,m/Y* !"#$%&'()*+,. @@ 0 (Certification of Chief Financial Officer!!5!pursuant to Section 906 of the SarbanesOxley"""Act of 2002#101.INS##XBRL Instance Document$101.SCH$&$XBRL Taxonomy Extension Schema%101.CAL%4%,XBRL Taxonomy Extension Calculation Linkbase&101.DEF&3&+XBRL Taxonomy Extension Definition Linkbase'101.LAB'.'&XBRL Taxonomy Extension Label Linkbase(101.PRE(,($XBRL Taxonomy Extension Presentation)))Linkbase*+$,____________________________1)Created by Morningstar Document Research.0.(http://documentresearch.morningstar.com/"].MW+=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }<(}0
FINISAR CORP10Q
09/06/2018
Basic Rent
Lease Year
Annual Basic Rent)!March 1, 2020  February 28, 2021\G>A)!March 1, 2021  February 28, 2022)\B/?A)
!March 1, 2022  February 28, 2023
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSIN WITNESS WHEREOFU }<}
FINISAR CORP10Q
09/06/20187/AS AMENDED AND RESTATED EFFECTIVE JULY 15, 2018
PARTICIPANT
FINISAR CORPORATION
By: SignatureTitle:Name PrintedAddress$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>M0{ocWK3yaC`=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 Earnings per Share3 Earnings per Share (1)
4 Inventories
5 Investments!050 Convertible Senior Notes Du!050 Convertible Senior Note (1)!050 Convertible Senior Note (2)!050 Convertible Senior Note (3)!7 Fair Value of Financial InstrResults of OperationsResults of Operations (1)Results of Operations (2)Results of Operations (3)Results of Operations (4)Results of Operations (5)Results of Operations (6)Results of Operations (7)Results of Operations (8)Results of Operations (9)Results of Operations (10)!Liquidity and Capital Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI
RECITALSIN WITNESS WHEREOFU }}
FINISAR CORP10Q
09/06/2018,$[BRIEFLY DESCRIBE CHANGE IN CONTROL]
Dated:[Employee Name]
[Company]Dated:By:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4JznbV>&x`?3'=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONTIN WITNESS WHEREOFU }}
FINISAR CORP10Q
09/06/2018RECITALS
Dated:[Employee Name]
[Company]Dated:By:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4.~rZB$[OC=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??$Finisar Corporation!For the Quarter Ended July 29 2
Balance SheetIncome StatementIncome Statement (1)
Cash Flows!Effect of Adoption of New Accou!Effect of Adoption of New A (1)!Effect of Adoption of New A (2)3 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 OperationsResults 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 Resources!Contractual Obligations and ComItem 6 Exhibits
Basic Rent!AS AMENDED AND RESTATED EFFECTI!BRIEFLY DESCRIBE CHANGE IN CONT
RECITALSU }}%
FINISAR CORP10Q
09/06/2018IN WITNESS WHEREOF
PARTICIPANTBy:'_______________________________
Name:'_______________________________
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(NTthP9=PF0*8X>
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