Financial Statement Details (Tables)

9 Months Ended

Mar. 29, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net consisted of the following:

(in millions of U.S. Dollars)	March 29, 2020	June 30, 2019
Billed trade receivables	$156.7	$125.8
Unbilled contract receivables	1.0	0.7
Royalties	3.7	2.8
	161.4	129.3
Allowance for bad debts	(0.4)	(0.4)
Accounts receivable, net	$161.0	$128.9

Schedule of Inventories

Inventories consisted of the following:

(in millions of U.S. Dollars)	March 29, 2020	June 30, 2019
Raw material	$45.0	$42.4
Work-in-progress	92.0	101.1
Finished goods	33.1	43.9
Inventories	$170.1	$187.4

Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:

(in millions of U.S. Dollars)	March 29, 2020	June 30, 2019
Accounts payable, trade	$90.8	$90.7
Accrued salaries and wages	59.1	70.9
Accrued expenses	31.2	34.0
Other	3.7	5.3
Accounts payable and accrued expenses	$184.8	$200.9

Schedule of Other Operating Expense

Other operating expense consisted of the following:

	Three months ended		Nine months ended
(in millions of U.S. Dollars)	March 29, 2020	March 31, 2019	March 29, 2020	March 31, 2019
Factory optimization restructuring	$1.1	$—	$3.5	$—
Severance and other restructuring	—	—	0.8	2.6
Total restructuring costs	1.1	—	4.3	2.6
Project, transformation and transaction costs	7.0	10.1	20.4	10.7
Factory optimization start-up costs	2.1	—	5.0	—
Non-restructuring related executive severance	0.6	1.0	2.1	1.0
Other operating expense	$10.8	$11.1	$31.8	$14.3

Schedule of Accumulated Other Comprehensive Income, Net of Taxes

Accumulated other comprehensive income, net of taxes, consisted of the following:

(in millions of U.S. Dollars)	March 29, 2020	June 30, 2019
Currency translation gain	$9.5	$9.5
Net unrealized loss on available-for-sale securities	(1.7)	—
Accumulated other comprehensive income, net of taxes	$7.8	$9.5

Schedule of Non-Operating Expense (Income), Net

The following table summarizes the components of non-operating expense, net:

	Three months ended		Nine months ended
(in millions of U.S. Dollars)	March 29, 2020	March 31, 2019	March 29, 2020	March 31, 2019
Foreign currency loss (gain), net	$0.3	$0.5	($0.8)	$1.1
(Gain) loss on sale of investments, net	(1.2)	—	(1.3)	0.1
Gain on arbitration proceeding	(8.0)	—	(8.0)	—
Loss on equity investment, net	19.1	3.8	9.2	12.4
Interest expense	7.5	7.4	22.6	18.8
Interest income	(3.1)	(3.6)	(13.5)	(9.0)
Other, net	(0.1)	0.3	(0.4)	0.3
Non-operating expense, net	$14.5	$8.4	$7.8	$23.7

Schedule of Noncash Operating Activities

	Nine months ended
Non-cash operating activities	March 29, 2020	March 31, 2019
Lease asset and liability additions (1)	$15.8	$—
Lease asset and liability modifications, net	4.4	—

⁽¹⁾ $12.2 million relates to the increase of right-of-use assets and matching lease liabilities as a result of adopting ASC 842. See Note 4, "Leases", for further information.