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Earnings Per Share (Tables)
9 Months Ended
Apr. 01, 2017
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted net (loss) income per share
The following table sets forth the computation of basic and diluted net income (loss) per share (in millions, except per share data):
 
Three Months Ended
 
Nine Months Ended
 
April 1, 2017
 
April 2, 2016
 
April 1, 2017
 
April 2, 2016
Numerator:
 

 
 

 
 
 
 
Income from continuing operations, net of taxes
$
26.0

 
$
28.8

 
$
153.2

 
$
14.1

Income (loss) from discontinued operations, net of taxes

 
5.0

 

 
(45.4
)
Net income (loss)
$
26.0

 
$
33.8

 
$
153.2

 
$
(31.3
)
Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
 
 
 
 
 
 
 
Basic
229.4

 
232.0

 
230.8

 
234.4

Effect of dilutive securities from stock-based benefit plans
5.2

 
2.6

 
5.1

 
3.0

Diluted
234.6

 
234.6

 
235.9

 
237.4

 
 
 
 
 
 
 
 
Net income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.11

 
$
0.13

 
$
0.66

 
$
0.06

Discontinued operations

 
0.02

 

 
(0.19
)
Net income (loss) per share
$
0.11

 
$
0.15

 
$
0.66

 
$
(0.13
)
 
 
 
 
 
 
 
 
Net income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.11

 
$
0.12

 
$
0.65

 
$
0.06

Discontinued operations

 
0.02

 
$

 
$
(0.19
)
     Net income (loss) per share
$
0.11

 
$
0.14

 
$
0.65

 
$
(0.13
)
Schedule of weighted average potentially dilutive securities excluded from the computation because their effect would have been anti-dilutive
The following table sets forth the weighted-average potentially dilutive securities excluded from the computation of the diluted net income (loss) per share because their effect would have been anti-dilutive (in millions):
 
Three Months Ended
 
Nine Months Ended
 
April 1, 2017 (1) (2)
 
April 2, 2016 (1)
 
April 1, 2017 (1) (2)
 
April 2, 2016 (1)
Stock options and ESPP
0.3

 
1.2

 
0.3

 
1.0

Restricted Stock Units

 
3.0

 

 
2.3

Total potentially dilutive securities
0.3

 
4.2

 
0.3

 
3.3

(1)  The Company’s 0.625% Senior Convertible 2033 Notes are not included in the table above. The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the-money” conversion benefit feature at the conversion price above $11.28 per share is payable in cash, shares of the Company’s common stock or a combination of both at the Company’s election. Refer to “Note 10. Debts and Letters of Credit” for more details.

(2)  The Company’s 1.00% Senior Convertible 2024 Notes are not included in the table above. The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the-money” conversion benefit feature at the conversion price above $13.22 per share is payable in cash, shares of the Company’s common stock or a combination of both at the Company’s election. Refer to “Note 10. Debts and Letters of Credit” for more details.