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Acquisitions
12 Months Ended
Jun. 26, 2021
Business Combination and Asset Acquisition [Abstract]  
Acquisitions ACQUISITIONSOn May 11, 2020, the Company acquired a privately-held corporation specializing in motor and motion control technology. The aggregate purchase price of $87.0 million included cash consideration of $72.8 million and contingent consideration with an estimated fair value of $14.2 million. The contingent consideration is payable if the acquired company achieves certain financial milestones for the annual periods ending December 31, 2020 and December 31, 2021. During the fiscal year ended June 26, 2021, the estimated fair value of the contingent consideration was remeasured to $20.0 million due to surpassing financial milestone projections. Out of the $20.0 million contingent consideration, $10.0 million was paid during the year ended June 26, 2021. The acquired assets included $2.7 million of cash, $35.1 million of developed technology, $12.6 million of other intangible assets, and $6.3 million of other net assets. In connection with this acquisition, the Company also recorded $30.3 million of goodwill, which is expected to be deductible for tax purposes.