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Earnings Per Common Share (Tables)
12 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators for Basic and Diluted Earnings Per Common Share Computations

A reconciliation of the numerators and denominators for the basic and diluted earnings per common share computations is as follows:

 

(In millions, except per share amounts)

 

For the Fiscal Year Ended
July 2, 2022

 

 

For the Fiscal Year Ended
July 3, 2021

 

 

For the Fiscal Year Ended
June 27, 2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

112.5

 

 

$

40.7

 

 

$

(114.1

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

149.8

 

 

 

132.1

 

 

 

113.0

 

Dilutive effect of potential common shares

 

 

1.5

 

 

 

1.3

 

 

 

-

 

Weighted-average dilutive shares outstanding

 

 

151.3

 

 

 

133.4

 

 

 

113.0

 

Basic earnings (loss) per common share

 

$

0.75

 

 

$

0.31

 

 

$

(1.01

)

Diluted earnings (loss) per common share

 

$

0.74

 

 

$

0.30

 

 

$

(1.01

)