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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jun. 24, 2023
Accounting Policies [Abstract]  
Accounts Receivable Balance Percentage of Different Customers

The following customers accounted for more than 10% of our accounts receivable balance as of the end of fiscal 2023 and 2022:

 

 

 

2023

 

2022

Customer A

 

10%

 

17%

Customer B

 

20%

 

15%
Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value as of the end of fiscal 2023 and 2022, and consisted of the following (in millions):

 

 

 

2023

 

 

2022

 

Raw materials and work-in-progress

 

$

70.5

 

 

$

92.2

 

Finished goods

 

 

66.7

 

 

 

77.5

 

 

 

$

137.2

 

 

$

169.7

 
Schedule of Changes in Goodwill

The following table presents our goodwill balance as of June 2023 and June 2022 (in millions):

 

 

2023

 

 

2022

 

Beginning balance

$

806.6

 

 

$

570.0

 

Acquisition activity

 

 

9.8

 

 

 

236.6

 

Ending balance

$

816.4

 

 

$

806.6

 
Other Accrued Liabilities

As of the end of fiscal 2023 and 2022, other accrued liabilities consisted of the following (in millions):

 

 

 

2023

 

 

2022

 

Customer obligations

 

$

58.5

 

 

$

88.6

 

Inventory obligations

 

7.0

 

 

 

14.1

 

Operating lease liabilities

 

9.0

 

 

 

7.6

 

Other

 

 

33.9

 

 

 

35.0

 

 

 

$

108.4

 

 

$

145.3

 
Other Long-Term Accrued Liabilities

As of the end of fiscal 2023 and 2022, other long-term accrued liabilities consisted of the following (in millions):

 

 

 

 

 

 

 

 

 

2023

 

 

2022

 

Operating lease liabilities, long-term

 

$

42.4

 

 

$

51.5

 

Deferred tax liability

 

 

39.1

 

 

 

52.6

 

Income taxes payable, long-term

 

 

38.1

 

 

 

29.1

 

Other

 

 

16.3

 

 

 

19.4

 

 

 

$

135.9

 

 

$

152.6