XML 36 R20.htm IDEA: XBRL DOCUMENT v3.21.2
Restructuring Activities
12 Months Ended
Jun. 26, 2021
Restructuring And Related Activities [Abstract]  
Restructuring Activities

13.

Restructuring Activities

During fiscal 2021, we initiated restructuring activities, which included severance costs for activities intended to gain synergies from our recent acquisitions.  The restructuring costs related to these activities were recorded to the restructuring costs line item within our consolidated statements of comprehensive income and are complete as of the end of fiscal 2021.

The restructuring liability activity for these restructuring activities during fiscal 2021 was as follows (in millions):

 

 

 

Employee Severance

 

 

 

and Benefits

 

Accruals

 

$

5.7

 

Cash payments

 

 

(5.5

)

Balance as of June 2021

 

$

0.2

 

 

During fiscal 2020 we initiated restructuring activities, some of which included severance costs that were for activities intended to further improve efficiencies in our operational activities to align our cost structure consistent with our revenue levels and one was severance costs related to employees who transitioned with the sale of our assets of our TDDI product line for LCD mobile displays (See Note 4 Acquisitions, Divestiture and Investment included in the consolidated financial statements contained elsewhere in this Report).  The restructuring costs related to these activities were recorded to the restructuring costs line item within our consolidated statements of comprehensive income and are complete as of the end of fiscal 2021.    

The restructuring liability activity for these restructuring activities were as follows (in millions):

 

 

 

Employee Severance

 

 

 

and Benefits

 

Accruals

 

$

25.1

 

Cash payments

 

 

(19.0

)

Balance as of June 2020

 

 

6.1

 

Accruals

 

 

1.7

 

Cash payments

 

 

(7.8

)

Balance as of June 2021

 

$