CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 30, 2017	Jul. 01, 2017
Current assets:
Cash and cash equivalents	$ 202.1	$ 272.9
Short-term investments	422.4	282.4
Accounts receivable, net	222.1	166.3
Inventories	147.3	145.2
Prepayments and other current assets	59.9	63.5
Total current assets	1,053.8	930.3
Property, plant and equipment, net	301.3	273.5
Goodwill and intangibles, net	20.4	21.5
Deferred income taxes	128.4	3.9
Other non-current assets	3.5	3.7
Total assets	1,507.4	1,232.9
Current liabilities:
Accounts payable	113.0	114.8
Accrued payroll and related expenses	40.2	27.5
Income taxes payable	5.5	0.7
Accrued expenses	29.6	19.3
Other current liabilities	29.4	21.9
Total current liabilities	217.7	184.2
Convertible notes	325.7	317.5
Derivative liability	39.5	51.6
Other non-current liabilities	24.4	25.0
Total liabilities	607.3	578.3
Commitments and contingencies (Note 15)
Redeemable convertible preferred stock:
Total redeemable convertible preferred stock	35.8	35.8
Stockholders’ equity:
Common stock, $0.001 par value, 990,000,000 authorized shares, 62,334,714 and 61,476,103 shares issued and outstanding as of December 30, 2017 and July 1, 2017, respectively	0.1	0.1
Additional paid-in capital	724.8	694.5
Retained earnings	130.7	(83.2)
Accumulated other comprehensive income	8.7	7.4
Total stockholders’ equity	864.3	618.8
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity	1,507.4	1,232.9
Convertible Series A Preferred Stock
Redeemable convertible preferred stock:
Non-controlling interest redeemable convertible Series A Preferred Stock, $0.001 par value, 10,000,000 authorized shares; 35,805 shares issued and outstanding as of December 30, 2017 and July 1, 2017	35.8	$ 35.8
Total redeemable convertible preferred stock	$ 35.8