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Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 27, 2020

Accounts Receivable Balance Percentage of Different Customers

The following customers accounted for more than 10% of our accounts receivable balance as of the end of fiscal 2020 and 2019:

	2020	2019
Customer A	21%	*
Customer B	18%	*
Customer C	*	25%
Customer D	*	16%

*	Less than 10%

Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value as of the end of fiscal 2020 and 2019, and consisted of the following (in millions):

	2020		2019
Raw materials and work-in-progress	$	53.6	$	110.7
Finished goods		48.4		48.0
	$	102.0	$	158.7

Schedule of Changes in Goodwill

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired. Changes in our goodwill balance for fiscal 2020 and 2019 were as follows (in millions):

	2020			2019
Beginning balance	$	372.8		$	372.8
Goodwill allocated to sale of product line		(12.0	)		—
Ending balance	$	360.8		$	372.8

Other Accrued Liabilities

As of the end of fiscal 2020 and 2019, other accrued liabilities consisted of the following (in millions):

	2020		2019
Customer obligations	$	29.0	$	52.0
Inventory obligations		27.9		26.7
Warranty		3.9		4.0
Other		30.2		23.4
	$	91.0	$	106.1

Other Long-Term Accrued Liabilities

As of the end of fiscal 2020 and 2019, other long-term accrued liabilities consisted of the following (in millions):


	2020		2019
Income taxes payable, long-term	$	16.4	$	16.2
Operating lease liabilities, long-term		14.6		—
Other		13.0		14.1
	$	44.0	$	30.3