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Net Income Per Share (Tables)
9 Months Ended
Mar. 25, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The computation of basic and diluted net income per share was as follows (in millions, except per share data):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March

 

 

March

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

10.4

 

 

$

64.9

 

 

$

97.0

 

 

$

174.6

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares, basic

 

 

39.4

 

 

 

39.5

 

 

 

39.7

 

 

 

38.8

 

Effect of dilutive share-based awards and convertible notes

 

 

0.5

 

 

 

1.2

 

 

 

0.6

 

 

 

1.9

 

Shares, diluted

 

 

39.9

 

 

 

40.7

 

 

 

40.3

 

 

 

40.7

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.26

 

 

$

1.64

 

 

$

2.44

 

 

$

4.50

 

Diluted

 

$

0.26

 

 

$

1.59

 

 

$

2.41

 

 

$

4.29