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Share-Based Compensation (Tables)

9 Months Ended

Mar. 25, 2023

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations

Share-based compensation and the related tax benefit recognized in our condensed consolidated statements of income were as follows (in millions):

		Three Months Ended								Nine Months Ended
		March								March
		2023				2022				2023				2022
Cost of revenue		$	0.9			$	0.9			$	3.0			$	3.2
Research and development			12.1				18.0				39.5				57.4
Selling, general, and administrative			16.8				15.2				49.9				45.7
Total		$	29.8			$	34.1			$	92.4			$	106.3
Income tax benefit on share-based compensation		$	(2.8	)		$	(3.4	)		$	(10.7	)		$	(20.1	)

Schedule of Stock Option Activity

Stock option activity was as follows:

		Stock				Weighted				Aggregate
		Option				Average				Intrinsic
		Awards				Exercise				Value
		Outstanding				Price				(in millions)
Balance as of June 2022			31,185			$	61.51
Exercised			(27,359	)		$	62.17
Expired			(557	)		$	81.89
Balance as of March 2023			3,269			$	52.50			$	183.6

Schedule of Stock Units Activity

The final vesting occurred on October 31, 2022, and no phantom stock units remain outstanding under this plan.

Phantom stock activity was as follows:

		Phantom
		Stock Units
		Outstanding
Balance as of June 2022			176,097
Paid			(173,436	)
Forfeited			(2,661	)
Balance as of March 2023			-

Shares Purchased, Weighted Average Purchase Price, Cash Received, and Aggregate Intrinsic Value for ESPP

Shares purchased, weighted average purchase price, cash received, and the aggregate intrinsic value for employee stock purchase plan purchases during the nine months ended March 2023, were as follows (in millions, except for shares purchased and weighted average price):

Shares purchased			172,044
Weighted average purchase price		$	91.87
Cash received		$	15.8
Aggregate intrinsic value		$	2.8

Share-Based Payment Arrangement, Activity [Table Text Block]

The final vesting occurred on October 31, 2022, and no phantom stock units remain outstanding under this plan.

Phantom stock activity was as follows:

		Phantom
		Stock Units
		Outstanding
Balance as of June 2022			176,097
Paid			(173,436	)
Forfeited			(2,661	)
Balance as of March 2023			-

Phantom Stock Unit [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations

Included in the preceding table is share-based compensation for our cash-settled phantom stock units, which we granted in October 2019 (see Phantom Stock Units below) (in millions):

		Three Months Ended								Nine Months Ended
		March								March
		2023				2022				2023				2022
Cost of revenue		$	-			$	0.1			$	0.1			$	0.2
Research and development			-				6.4				0.3				26.7
Selling, general, and administrative			-				1.4				0.3				5.6
Total		$	-			$	7.9			$	0.7			$	32.5

Restricted stock units outstanding [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Stock Units Activity

RSU activity was as follows:

						Aggregate
		RSU				Intrinsic
		Awards				Value
		Outstanding				(in millions)
Balance as of June 2022			1,220,573
Granted			769,320
Delivered			(561,484	)
Forfeited			(73,625	)
Balance as of March 2023			1,354,784			$	147.2

Share-Based Payment Arrangement, Activity [Table Text Block]

RSU activity was as follows:

						Aggregate
		RSU				Intrinsic
		Awards				Value
		Outstanding				(in millions)
Balance as of June 2022			1,220,573
Granted			769,320
Delivered			(561,484	)
Forfeited			(73,625	)
Balance as of March 2023			1,354,784			$	147.2

Market stock units outstanding [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Stock Units Activity

MSU activity was as follows:

						Aggregate
		MSU				Intrinsic
		Awards				Value
		Outstanding				(in millions)
Balance as of June 2022			251,974
Granted			279,681
Delivered			(304,334	)
Balance as of March 2023			227,321			$	24.7

Share-Based Payment Arrangement, Activity [Table Text Block]

MSU activity was as follows:

						Aggregate
		MSU				Intrinsic
		Awards				Value
		Outstanding				(in millions)
Balance as of June 2022			251,974
Granted			279,681
Delivered			(304,334	)
Balance as of March 2023			227,321			$	24.7

Performance stock units outstanding [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Stock Units Activity

PSU activity was as follows:

						Aggregate
		PSU				Intrinsic
		Awards				Value
		Outstanding				(in millions)
Balance as of June 2022			257,903
Awarded			279,095
Released			(264,964	)
Forfeited			(7,355	)
Balance as of March 2023			264,679			$	28.8

Share-Based Payment Arrangement, Activity [Table Text Block]

PSU activity was as follows:

						Aggregate
		PSU				Intrinsic
		Awards				Value
		Outstanding				(in millions)
Balance as of June 2022			257,903
Awarded			279,095
Released			(264,964	)
Forfeited			(7,355	)
Balance as of March 2023			264,679			$	28.8

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