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Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 29, 2024
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 2024 and 2023:

 

 

 

 

 

 

 

2024

 

2023

 

 

 

 

 

Customer A

*

 

10%

Customer B

 

12%

 

20%

Customer C

 

12%

 

*

Customer D

 

18%

 

*

Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value as of the end of fiscal 2024 and 2023, and consisted of the following (in millions):

 

 

 

2024

 

 

2023

 

Raw materials and work-in-progress

 

$

69.5

 

 

$

70.5

 

Finished goods

 

 

44.5

 

 

 

66.7

 

 

 

$

114.0

 

 

$

137.2

 

Schedule of Changes in Goodwill

The following table presents our goodwill balance as of June 2024 and June 2023 (in millions):

 

 

 

 

 

 

 

2024

 

 

2023

 

Beginning balance

$

816.4

 

 

$

806.6

 

Acquisition activity

 

 

 

 

9.8

 

Ending balance

$

816.4

 

 

$

816.4

 

Other Accrued Liabilities

As of the end of fiscal 2024 and 2023, other accrued liabilities consisted of the following (in millions):

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023

 

Customer obligations

 

$

58.2

 

 

$

58.5

 

Inventory obligations

 

 

5.6

 

 

 

7.0

 

Other

 

 

38.8

 

 

 

33.9

 

 

 

$

102.6

 

 

$

99.4

 

Other Long-Term Accrued Liabilities

As of the end of fiscal 2024 and 2023, other long-term accrued liabilities consisted of the following (in millions):

 

 

 

2024

 

 

2023

 

Deferred tax liabilities

 

$

27.9

 

 

$

39.1

 

Income taxes payable, long-term

 

 

27.8

 

 

 

38.1

 

Other

 

 

20.5

 

 

 

16.3

 

 

 

$

76.2

 

 

$

93.5