Earnings Per Share (Tables)

12 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

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

	Years Ended
	June 29, 2024		July 1, 2023		July 2, 2022
Numerator:
Net (loss) income	$	(25.8)	$	25.5	$	15.5
Denominator:
Weighted-average shares outstanding:
Basic	222.6		224.6		230.9
Shares issuable assuming conversion of convertible notes(1)	—		0.3		4.8
Effect of dilutive securities from stock-based compensation plans	—		1.7		2.5
Diluted	222.6		226.6		238.2
Net (loss) income per share:
Basic	$	(0.12)	$	0.11	$	0.07
Diluted	$	(0.12)	$	0.11	$	0.07

(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). 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. Refer to “Note 11. Debt” for more information.

Schedule of Antidilutive Securities

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):

	Years Ended
	June 29, 2024	July 1, 2023	July 2, 2022
Full Value Awards(1)	5.7	3.7	0.6

(1) See “Note 16. Stock-Based Compensation” for definition of Full Value Awards.