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Net (Loss) Income Per Share
 9 Months Ended
Mar. 30, 2024
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share

3. Net (Loss) Income Per Share

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

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March

 

 

March

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(18.1

)

 

$

10.4

 

 

$

(82.7

)

 

$

97.0

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares, basic

 

 

39.3

 

 

 

39.4

 

 

 

39.1

 

 

 

39.7

 

Effect of dilutive share-based awards and convertible notes

 

 

—

 

 

 

0.5

 

 

 

—

 

 

 

0.6

 

Shares, diluted

 

 

39.3

 

 

 

39.9

 

 

 

39.1

 

 

 

40.3

 

Net (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.46

)

 

$

0.26

 

 

$

(2.12

)

 

$

2.44

 

Diluted

 

$

(0.46

)

 

$

0.26

 

 

$

(2.12

)

 

$

2.41

 

Our basic net income per share amounts for each period presented have been computed using the weighted average number of shares of common stock, $0.001 par value, or the common stock, outstanding over the period measured. Our diluted net income per share amounts for each period presented include the weighted average effect of potentially dilutive shares. We use the "treasury stock" method to determine the dilutive effect of our stock options, restricted stock units, or RSUs, market stock units, or MSUs, and performance stock units, or PSUs. Potentially dilutive shares whose effect would have been antidilutive are excluded from the computation of diluted net income per share.