Earnings Per Share (Tables)

9 Months Ended

Mar. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net (loss) income per share (in millions, except per share data):

	Three Months Ended				Nine Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Numerator:
Net (loss) income	$	(24.6)	$	(15.4)	$	(4.1)	$	25.6
Denominator:
Weighted-average shares outstanding:
Basic	223.0		224.1		222.5		225.5
Shares issuable assuming conversion of convertible notes (1)	—		—		—		0.4
Effect of dilutive securities from stock-based compensation plans	—		—		—		1.7
Diluted	223.0		224.1		222.5		227.6
Net (loss) income per share:
Basic	$	(0.11)	$	(0.07)	$	(0.02)	$	0.11
Diluted	$	(0.11)	$	(0.07)	$	(0.02)	$	0.11

(1)Represents the dilutive impact for the Company’s 1.75% Senior Convertible Notes due 2023 (2023 Notes), the 1.00% Senior Convertible Notes due 2024 (2024 Notes) and the 1.625% Senior Convertible Notes due 2026 (2026 Notes). As of March 30, 2024, the if-converted value is less than the outstanding principal of the 2026 Notes and are therefore anti-dilutive. Refer to “Note 11. Debt” for more details.

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) income per share because their effect would have been anti-dilutive (in millions):

	Three Months Ended		Nine Months Ended
	March 30, 2024	April 1, 2023	March 30, 2024	April 1, 2023
Restricted stock units	8.4	4.3	4.9	3.6