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Share-Based Compensation (Tables)
6 Months Ended
Dec. 30, 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 recognized in our condensed consolidated statements of operations were as follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December

 

 

December

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Cost of revenue

 

$

1.1

 

 

$

1.0

 

 

$

2.2

 

 

$

2.1

 

Research and development

 

 

15.5

 

 

 

13.4

 

 

 

30.7

 

 

 

27.4

 

Selling, general, and administrative

 

 

12.6

 

 

 

15.6

 

 

 

29.5

 

 

 

33.1

 

Total

 

$

29.2

 

 

$

30.0

 

 

$

62.4

 

 

$

62.6

 

Included in the preceding table is share-based compensation for our cash-settled phantom stock units, which we granted in October 2019. For the three and six months ended December 2022, share-based compensation for our cash-settled phantom stock units was ($1.4) million and $0.7 million, respectively. The final vesting of the phantom stock units occurred in October 2022, and no phantom stock units remain outstanding under this plan.

Schedule of Stock Option Activity

Stock option activity was as follows:

 

 

 

Stock

 

 

Weighted

 

 

 

Option

 

 

Average

 

 

 

Awards

 

 

Exercise

 

 

 

Outstanding

 

 

Price

 

Balance as of June 2023

 

 

3,083

 

 

$

52.53

 

Exercised

 

 

(3,083

)

 

$

52.53

 

Expired

 

 

 

 

 

 

Balance as of December 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 six months ended December 2023, were as follows (in millions, except for shares purchased and weighted average price):

 

Shares purchased

 

 

110,836

 

Weighted average purchase price

 

$

75.11

 

Cash received

 

$

8.3

 

Aggregate intrinsic value

 

$

1.5

 

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 2023

 

 

1,304,926

 

 

 

 

Granted

 

 

1,279,444

 

 

 

 

Vested

 

 

(587,514

)

 

 

 

Forfeited

 

 

(139,196

)

 

 

 

Balance as of December 2023

 

 

1,857,660

 

 

$

211.9

 

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 2023

 

 

227,321

 

 

 

 

Granted

 

 

312,506

 

 

 

 

Delivered

 

 

(223,984

)

 

 

 

Forfeited

 

 

(92,475

)

 

 

 

Balance as of December 2023

 

 

223,368

 

 

$

25.5

 

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 2023

 

 

253,359

 

 

 

 

Granted

 

 

297,396

 

 

 

 

Delivered

 

 

(120,463

)

 

 

 

Forfeited

 

 

(109,370

)

 

 

 

Balance as of December 2023

 

 

320,922

 

 

$

36.6