XML 50 R39.htm IDEA: XBRL DOCUMENT v3.24.4
Debt (Tables)
 6 Months Ended
Dec. 28, 2024
Debt Disclosure [Abstract]  
Schedule of Carrying Amounts of the Liability and Equity Components of Convertible Debt
As of December 28, 2024 and June 29, 2024, the Company’s debt on the Consolidated Balance Sheets represented the carrying amount of the Senior Convertible and Senior Notes, net of unamortized debt discount and issuance costs, as follows (in millions):
December 28, 2024June 29, 2024
Principal amount of 3.75% Senior Notes
$400.0 $400.0 
Unamortized 3.75% Senior Notes debt issuance cost
(4.2)(4.6)
Principal amount of 1.625% Senior Convertible Notes
250.0 250.0 
Unamortized 1.625% Senior Convertible Notes debt discount
(5.6)(8.1)
Unamortized 1.625% Senior Convertible Notes debt issuance cost
(0.9)(1.3)
Long-term debt$639.3 $636.0 
Summary of Effective Interest Rate and the Interest Expense for the Contractual Interest and the Accretion of Debt Discount
The following table presents the interest expense for contractual interest, amortization of debt issuance cost, accretion of debt discount and other (in millions):
Three Months EndedSix Months Ended
December 28, 2024December 30, 2023December 28, 2024December 30, 2023
Interest expense-contractual interest$4.7 $5.0 $9.5 $10.0 
Amortization of debt issuance cost0.6 0.6 1.2 1.3 
Accretion of debt discount1.2 1.2 2.4 2.4 
Other1.0 1.0 1.9 2.0 
  Total interest expense$7.5 $7.8 $15.0 $15.7