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Net Income/(Loss) Per Share (Tables)
12 Months Ended
Jun. 26, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The computation of basic and diluted net income/(loss) per share for fiscal 2021, 2020, and 2019 was as follows (in millions, except per share amounts):

 

 

 

2021

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income/(loss)

 

$

79.6

 

 

$

118.8

 

 

$

(22.9

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares, basic

 

 

34.8

 

 

 

33.6

 

 

 

34.6

 

Effect of dilutive share-based awards and convertible notes

 

 

3.5

 

 

 

1.2

 

 

 

 

Shares, diluted

 

 

38.3

 

 

 

34.8

 

 

 

34.6

 

Net income/(loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.29

 

 

$

3.54

 

 

$

(0.66

)

Diluted

 

$

2.08

 

 

$

3.41

 

 

$

(0.66

)

Share-Based Awards, not Included in Calculation of Diluted Net Income Per Share

Diluted net income per share does not include the effect of potential common shares related to certain share-based awards for fiscal 2021, 2020, and 2019 as follows (in millions):

 

 

 

2021

 

 

2020

 

 

2019

 

Share-based awards

 

 

 

 

 

0.7

 

 

 

2.2