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Restructuring Activities
9 Months Ended
Mar. 26, 2022
Restructuring and Related Activities [Abstract]  
Restructuring Activities

16. Restructuring Activities

During fiscal 2022, we initiated restructuring activities which were for activities intended to further improve efficiencies in our operational activities. The restructuring costs related to these activities were recorded to the restructuring costs line item within our condensed consolidated statements of income. These activities are expected to be complete by the end of fiscal 2022. The restructuring liability activity for these restructuring activities during fiscal 2022 was as follows (in millions):

 

 

 

Employee Severance

 

 

 

and Benefits

 

Balance, June 26, 2021

 

$

-

 

Accruals

 

 

2.6

 

Cash payments

 

 

(1.1

)

Balance, March 26, 2022

 

$

1.5

 

 

 

 

During the second quarter of fiscal 2022, we initiated restructuring activities, which included severance costs for activities intended to gain synergies from the DSPG acquisition as well as accelerated vesting on equity awards. The restructuring costs related to these activities were recorded to the restructuring costs line item within our condensed consolidated statements of income, and the restructuring activities are expected to be complete by the end of fiscal 2022. The restructuring liability activity for these restructuring activities during fiscal 2022 was as follows (in millions):

 

 

 

Employee Severance

 

 

 

and Benefits

 

Balance, June 26, 2021

 

$

-

 

Accruals

 

 

7.6

 

Accelerated vesting on equity awards

 

 

7.6

 

Cash payments

 

 

(12.1

)

Balance, March 26, 2022

 

$

3.1