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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 27, 2020
Jun. 29, 2019
Current Assets:    
Cash and cash equivalents $ 763.4 $ 327.8
Accounts receivable, net of allowances of $5.8 and $2.1 at June 2020 and 2019, respectively 195.3 230.0
Inventories 102.0 158.7
Prepaid expenses and other current assets 16.9 14.6
Total current assets 1,077.6 731.1
Property and equipment, net 84.3 103.0
Goodwill 360.8 372.8
Acquired intangibles, net 93.4 144.8
Non-current other assets 77.7 58.1
Total assets 1,693.8 1,409.8
Current Liabilities:    
Accounts payable 60.6 98.3
Accrued compensation 59.5 30.4
Income taxes payable 33.0 19.1
Other accrued liabilities 91.0 106.1
Total current liabilities 244.1 253.9
Long-term debt 100.0  
Convertible notes, net 486.6 468.3
Other long-term liabilities 44.0 30.3
Total liabilities 874.7 752.5
Commitments and contingencies
Stockholders' Equity:    
Preferred stock: $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock: $0.001 par value; 120,000,000 shares authorized, 65,871,648 and 64,283,948 shares issued, and 34,122,453 and 33,349,735 shares outstanding, at June 2020 and 2019, respectively 0.1 0.1
Additional paid-in capital 1,340.2 1,266.1
Treasury stock: 31,749,195 and 30,934,213 common shares at June 2020 and 2019, respectively, at cost (1,222.6) (1,192.4)
Retained earnings 701.4 583.5
Total stockholders' equity 819.1 657.3
Liabilities and stockholders' equity $ 1,693.8 $ 1,409.8