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Earnings Per Share (Tables)
 9 Months Ended
Mar. 28, 2020
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 loss per share (in millions, except per share data):
 
Three Months Ended
 
Nine Months Ended
 
March 28, 2020
 
March 30, 2019
 
March 28, 2020
 
March 30, 2019
Numerator:
 

 
 

 
 
 
 
(Loss) Income from continuing operations
$
(32.8
)
 
$
(4.8
)
 
$
2.0

 
$
(4.7
)
Loss from discontinued operations, net of taxes
—

 
—

 
—

 
(2.4
)
Net (loss) income
$
(32.8
)
 
$
(4.8
)
 
$
2.0

 
$
(7.1
)
Denominator:
 
 
 
 
 
 
 
Weighted-average shares outstanding:
 
 
 
 
 
 
 
Basic
230.0

 
228.3

 
229.8

 
227.9

Shares issuable assuming conversion of convertible notes (1)
—

 
—

 
3.0

 
—

Effect of dilutive securities from stock-based benefit plans
—

 
—

 
3.5

 
—

Diluted
230.0

 
228.3

 
236.3

 
227.9

 
 
 
 
 
 
 
 
Net (loss) income per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
(0.14
)
 
$
(0.02
)
 
$
0.01

 
$
(0.02
)
Discontinued operations
—

 
—

 
—

 
(0.01
)
Net (loss) income per share
$
(0.14
)
 
$
(0.02
)
 
$
0.01

 
$
(0.03
)
 
 
 
 
 
 
 
 
Net (loss) income per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
(0.14
)
 
$
(0.02
)
 
$
0.01

 
$
(0.02
)
Discontinued operations
—

 
—

 
—

 
(0.01
)
Net (loss) income per share
$
(0.14
)
 
$
(0.02
)
 
$
0.01

 
$
(0.03
)


(1) 
Represents the number of shares that would be issued if the Company’s Senior Convertible Notes had been converted. The par amount of the Company’s convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and the “in-the money” conversion benefit feature above the conversion price is payable in cash, shares of the Company’s common stock or a combination of both, at the Company’s election.
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 loss per share because their effect would have been anti-dilutive (in millions):
 
Three Months Ended
 
Nine Months Ended
 
March 28, 2020
 
March 30, 2019
 
March 28, 2020
 
March 30, 2019
 
(1) (3) 
 
(1) (2) (3) 
 
 
 
(1) (2) (3) 
Restricted stock units
7.3

 
7.9

 
0.2

 
7.7

Stock options and ESPP
1.2

 
1.5

 
—

 
1.5

Shares issuable assuming Convertible Notes
1.3

 
—

 
—

 
—

Total potentially dilutive securities
9.8

 
9.4

 
0.2

 
9.2


(1) 
As the Company incurred a loss from continuing operations in the period, potential securities from employee stock options, ESPP, RSUs and PSUs have been excluded from the dilutive net loss per share computations as their effects were deemed anti-dilutive.
(2) 
The Company’s 1.00% Senior Convertible Notes due 2024 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 payable in cash, shares of the Company’s common stock or a combination of both at the Company’s election. The Company’s average stock price for the period presented did not exceed the conversion price of $13.22. Refer to “Note 11. Debt” for more details.
(3) 
The Company’s 1.75% Senior Convertible Notes due 2023 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 $13.94 per share payable in cash, shares of the Company’s common stock or a combination of both at the Company’s election. The Company’s average stock price for the period presented did not exceed the conversion price of $13.94. Refer to “Note 11. Debt” for more details.