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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 25, 2021
Jun. 26, 2021
Current Assets:    
Cash and cash equivalents $ 347.3 $ 836.3
Accounts receivable, net of allowances of $5.6 and $5.8 at September 2021 and June 2021, respectively 269.7 228.3
Inventories 88.7 82.0
Prepaid expenses and other current assets 43.7 33.1
Total current assets 749.4 1,179.7
Property and equipment at cost, net of accumulated depreciation of $136.2 and $131.0 at September 2021 and June 2021, respectively 92.1 91.2
Goodwill 570.0 570.0
Acquired intangibles, net 276.3 301.5
Non-current other assets 94.4 84.4
Total assets 1,782.2 2,226.8
Current Liabilities:    
Accounts payable 109.7 97.6
Accrued compensation 64.0 76.4
Income taxes payable 18.0 29.4
Other accrued liabilities 111.8 96.2
Convertible notes, net 0.0 487.1
Total current liabilities 303.5 786.7
Long-term debt 394.5 394.4
Other long-term liabilities 82.8 78.5
Total liabilities 780.8 1,259.6
Stockholders' Equity:    
$0.001 par value; 120,000,000 shares authorized, 67,347,872 and 66,963,006 shares issued, and 39,223,251 and 35,331,903 shares outstanding, at September 2021 and June 2021, respectively 0.1 0.1
Additional paid-in capital 874.6 1,391.5
Treasury stock: 28,124,621 and 31,631,103 common treasury shares at September 2021 and June 2021, respectively, at cost (694.5) (1,205.4)
Retained earnings 821.2 781.0
Total stockholders' equity 1,001.4 967.2
Liabilities and stockholders' equity $ 1,782.2 $ 2,226.8