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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 26, 2021
Jun. 27, 2020
Current Assets:    
Cash and cash equivalents $ 836.3 $ 763.4
Accounts receivable, net of allowances of $5.8 at June 2021 and 2020 228.3 195.3
Inventories 82.0 102.0
Prepaid expenses and other current assets 33.1 16.9
Total current assets 1,179.7 1,077.6
Property and equipment, net 91.2 84.3
Goodwill 570.0 360.8
Acquired intangibles, net 301.5 93.4
Non-current other assets 84.4 77.7
Total assets 2,226.8 1,693.8
Current Liabilities:    
Accounts payable 97.6 60.6
Accrued compensation 76.4 59.5
Income taxes payable 29.4 33.0
Other accrued liabilities 96.2 91.0
Convertible notes, net 487.1  
Total current liabilities 786.7 244.1
Long-term debt 394.4 100.0
Convertible notes, net   486.6
Other long-term liabilities 78.5 44.0
Total liabilities 1,259.6 874.7
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, 66,963,006 and 65,871,648 shares issued, and 35,331,903 and 34,122,453 shares outstanding, at June 2021 and 2020, respectively 0.1 0.1
Additional paid-in capital 1,391.5 1,340.2
Treasury stock: 31,631,103 and 31,749,195 common shares at June 2021 and 2020, respectively, at cost (1,205.4) (1,222.6)
Retained earnings 781.0 701.4
Total stockholders' equity 967.2 819.1
Liabilities and stockholders' equity $ 2,226.8 $ 1,693.8