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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 03, 2021
Mar. 28, 2020
OPERATING ACTIVITIES:    
Net income (loss) $ 48.0 $ 2.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 26.8 30.0
Amortization of acquired technologies and other intangibles 49.8 51.2
Stock-based compensation 33.4 33.3
Amortization of debt issuance costs and accretion of debt discount 17.7 16.5
Net change in fair value of contingent liabilities (3.8) (4.3)
Other 2.2 4.9
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (21.0) (6.6)
Inventories (8.1) 3.6
Other current and non-currents assets 16.2 1.9
Accounts payable 0.0 (16.0)
Income taxes payable 13.9 8.6
Deferred revenue, current and non-current 8.8 7.4
Deferred taxes, net (3.9) 27.8
Accrued payroll and related expenses 8.6 (10.3)
Accrued expenses and other current and non-current liabilities (7.9) (41.6)
Net cash provided by operating activities 180.7 108.4
INVESTING ACTIVITIES:    
Capital expenditures (26.7) (23.6)
Proceeds from the sale of assets 2.6 4.0
Acquisitions, net of cash acquired (0.7) (0.5)
Net cash used in investing activities (24.8) (20.1)
FINANCING ACTIVITIES:    
Payment of debt issuance costs (0.1) 0.0
Repurchase and retirement of common stock (31.1) (43.8)
Withholding tax payment on vesting of restricted stock awards (14.8) (18.4)
Payment of financing obligations (1.0) (2.1)
Proceeds from employee stock purchase plan 6.6 5.5
Payment of debt (2.8) 0.0
Net cash used in financing activities (43.2) (58.8)
Effect of exchange rates on cash, cash equivalents and restricted cash 21.9 (19.0)
Net increase in cash, cash equivalents and restricted cash 134.6 10.5
Cash, cash equivalents and restricted cash at the beginning of the period [1] 547.4 530.4
Cash, cash equivalents and restricted cash at the end of the period $ 682.0 $ 540.9
[1] These amounts include both current and non-current balances of restricted cash totaling $9.8 million and $8.4 million as of April 3, 2021 and March 28, 2020, respectively.