XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Comprehensive Income/(Loss) (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Mar. 26, 2022
Mar. 27, 2021
Income Statement [Abstract]        
Net revenue $ 470.1 $ 325.8 $ 1,263.3 $ 1,011.8
Cost of revenue 216.3 170.3 586.3 571.4
Gross margin 253.8 155.5 677.0 440.4
Operating expenses:        
Research and development 98.2 77.5 273.2 235.7
Selling, general, and administrative 44.2 36.8 130.1 111.6
Acquired intangibles amortization 12.0 8.7 29.6 24.1
Restructuring costs 11.3 0.9 17.8 7.1
Gain on sale of audio technology assets 0.0 0.0 0.0 (34.2)
Total operating expenses 165.7 123.9 450.7 344.3
Operating income 88.1 31.6 226.3 96.1
Interest and other expense, net (6.7) (7.0) (18.3) (17.7)
Gain on sale and leaseback transaction 5.4 5.4
Loss on redemption of convertible notes (8.1)
Income before provision for income taxes and equity investment loss 86.8 24.6 205.3 78.4
Provision for income taxes 24.4 10.4 32.3 16.4
Equity investment gain (loss) 2.5 (0.4) 1.6 (1.4)
Net income $ 64.9 $ 13.8 $ 174.6 $ 60.6
Net income per share:        
Basic $ 1.64 $ 0.39 $ 4.50 $ 1.75
Diluted $ 1.59 $ 0.35 $ 4.29 $ 1.62
Shares used in computing net income per share:        
Basic 39.5 35.0 38.8 34.7
Shares, diluted 40.7 39.1 40.7 37.5