XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Mar. 25, 2023
Mar. 26, 2022
Mar. 25, 2023
Mar. 26, 2022
Income Statement [Abstract]        
Net revenue $ 326.6 $ 470.1 $ 1,127.8 $ 1,263.3
Cost of revenue 154.3 216.3 513.1 586.3
Gross margin 172.3 253.8 614.7 677.0
Operating expenses:        
Research and development 87.9 98.2 266.7 273.2
Selling, general, and administrative 41.7 44.2 128.8 130.1
Acquired intangibles amortization 8.5 12.0 26.9 29.6
Restructuring costs   11.3 0.0 17.8
Total operating expenses 138.1 165.7 422.4 450.7
Operating income 34.2 88.1 192.3 226.3
Interest and other expense, net (7.0) (6.7) (22.0) (18.3)
Gain on sale and Leaseback Transactions   5.4   5.4
Loss on redemption of convertible notes     0.0 (8.1)
Income before provision for income taxes and equity investment loss 27.2 86.8 170.3 205.3
Provision for income taxes 16.8 24.4 73.3 32.3
Equity investment gain   2.5 0.0 1.6
Net income $ 10.4 $ 64.9 $ 97.0 $ 174.6
Net income per share:        
Basic $ 0.26 $ 1.64 $ 2.44 $ 4.50
Diluted $ 0.26 $ 1.59 $ 2.41 $ 4.29
Shares used in computing net income:        
Basic 39.4 39.5 39.7 38.8
Diluted 39.9 40.7 40.3 40.7