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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 28, 2024
Sep. 30, 2023
OPERATING ACTIVITIES:    
Net (loss) income $ (1.8) $ 9.8
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation expense 9.7 9.8
Amortization of acquired technologies and other intangibles 4.4 5.6
Stock-based compensation 12.7 11.2
Amortization of debt issuance costs 1.8 1.9
Net change in fair value of contingent liabilities (3.5) (1.4)
Deferred taxes, net (4.7) 1.2
Restructuring 0.0 (0.8)
Other (0.2) 0.2
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 13.2 38.0
Inventories 2.9 (0.3)
Other current and non-currents assets (2.4) 3.9
Accounts payable (4.0) (7.6)
Income taxes payable 2.6 (0.6)
Deferred revenue, current and non-current (4.6) (10.1)
Accrued payroll and related expenses (5.1) (9.1)
Accrued expenses and other current and non-current liabilities (7.5) (1.4)
Net cash provided by operating activities 13.5 50.3
INVESTING ACTIVITIES:    
Purchases of short-term investments (43.3) (52.3)
Maturities of short-term investments 38.6 45.8
Capital expenditures (7.3) (6.7)
Proceeds from the sale of assets 3.5 0.6
Other investing activities (3.0) 0.0
Net cash used in investing activities (11.5) (12.6)
FINANCING ACTIVITIES:    
Repurchase and retirement of common stock (16.4) (10.0)
Withholding tax payment on vesting of restricted stock and performance- based awards (7.3) (9.1)
Proceeds from employee stock purchase plan 2.7 3.0
Net cash used in financing activities (21.0) (16.1)
Effect of exchange rates on cash, cash equivalents and restricted cash 15.3 (9.3)
Net (decrease) increase in cash, cash equivalents and restricted cash (3.7) 12.3
Cash, cash equivalents and restricted cash at the beginning of the period [1] 481.8 515.6
Cash, cash equivalents and restricted cash at the end of the period [2] $ 478.1 $ 527.9
[1] These amounts include both current and non-current balances of restricted cash totaling $10.5 million and $9.1 million as of June 29, 2024 and July 1, 2023, respectively.
[2] These amounts include both current and non-current balances of restricted cash totaling $10.2 million and $7.3 million as of September 28, 2024 and September 30, 2023, respectively.