Income Taxes(Tables)

12 Months Ended

Jul. 02, 2016

Income Tax Disclosure [Abstract]

Schedule of income (loss) before income taxes

Our income before income taxes consisted of the following (in millions):

	Years Ended
	July 2, 2016			June 27, 2015			June 28, 2014
Domestic	$	60.7		$	(58.7	)	$	(0.3	)
Foreign	(51.0		)	34.2			10.1
Income before income taxes	$	9.7		$	(24.5	)	$	9.8

Schedule of the Company's income tax expense (benefit)

Our income tax (benefit) expense consisted of the following (in millions):

	Years Ended
	July 2, 2016			June 27, 2015			June 28, 2014
Federal:
Current	$	1.6		$	—		$	(0.2	)
Deferred	—			—			—
	1.6			—			(0.2		)
State:
Current	0.2			0.1			—
Deferred	—			—			—
	0.2			0.1			—
Foreign:
Current	1.2			(20.3		)	2.3
Deferred	(2.6		)	(0.9		)	(3.0		)
	(1.4		)	(21.2		)	(0.7		)
Total income tax (benefit) expense	$	0.4		$	(21.1	)	$	(0.9	)

Schedule of reconciliation of the Company's income tax expense (benefit) at the federal statutory rate to the income tax expense (benefit) at the effective tax rate

The Company's effective tax rate differs from the U.S. Federal statutory income tax rate as follows (in millions):

	Years Ended
	July 2, 2016			June 27, 2015			June 28, 2014
Income tax (benefit) expense computed at federal statutory rate	$	3.4		$	(8.6	)	$	3.4
State taxes, net of federal benefit	0.1			—			—
Foreign rate differential	21.3			0.2			—
Change in Valuation allowance	(29.4		)	(2.2		)	(2.4		)
Reversal of previously accrued taxes	—			(21.8		)	(0.3		)
Research and experimentation benefits and other tax credits	(4.4		)	(3.1		)	(4.4		)
Permanent items	0.7			(0.7		)	1.9
Stock-Based Compensation	4.3			1.2			—
SubpartF	4.0			12.7			—
Unrecognized tax benefits	—			1.0			0.9
Other	0.4			0.2			—
Total income tax (benefit) expense	$	0.4		$	(21.1	)	$	(0.9	)

Schedule of the Company's net deferred taxes

The components of our net deferred taxes consisted of the following (in millions):

	Years Ended
	July 2, 2016			June 27, 2015			June 28, 2014
Gross deferred tax assets:
Intangibles	$	230.2		$	—		$	—
Tax credit carryforwards	43.8			41.6			33.8
Net operating loss carryforwards	16.1			61.0			91.4
Inventories	10.9			7.7			6.7
Accruals and reserves	9.9			4.1			4.2
Fixed assets	11.1			21.7			24.2
Capital loss carryforwards	11.9			12.4			14.3
Unclaimed research and experimental development expenditure	19.5			16.7			15.5
Other	0.6			5.4			7.0
Acquisition-related items	—			29.4			32.6
Gross deferred tax assets	354.0			200.0			229.7
Valuation allowance	(321.4		)	(160.0		)	(184.6		)
Deferred tax assets	32.6			40.0			45.1
Gross deferred tax liabilities:
Acquisition-related items	(1.0		)	(6.7		)	(9.4		)
Undistributed foreign earnings	—			(2.6		)	(2.4		)
Other	—			(1.2		)	(0.9		)
Deferred tax liabilities	(1.0		)	(10.5		)	(12.7		)
Total net deferred tax assets	$	31.6		$	29.5		$	32.4

Schedule of reconciliation of unrecognized tax benefits

A reconciliation of unrecognized tax benefits between June 28, 2014 and July 2, 2016 is as follows (in millions):

Balance at June 28, 2014	21.9
Reductions based on the tax positions related to the prior year	(21.8		)
Additions based on tax positions related to current year	0.1
Balance at June 27, 2015	$	0.2
Reductions based on the tax positions related to the prior year	$	(0.1	)
Additions based on tax positions related to current year	$	2.1
Balance at July 2, 2016	$	2.2