Net Income (Loss) Per Share

6 Months Ended

Dec. 28, 2024

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


	Three Months Ended				Six Months Ended
	December				December
	2024		2023		2024		2023
Numerator:
Net income (loss)	$	1.8	$	(9.0)	$	(21.3)	$	(64.6)
Denominator:
Shares, basic	39.7		39.2		39.7		38.9
Effect of dilutive share-based awards	0.1		—		—		—
Shares, diluted	39.8		39.2		39.7		38.9
Net income (loss) per share:
Basic	$	0.05	$	(0.23)	$	(0.54)	$	(1.66)
Diluted	$	0.05	$	(0.23)	$	(0.54)	$	(1.66)

Our basic net income (loss) 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 (loss) 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. Upon any conversion of our convertible notes, we will be required to pay cash in an amount at least equal to the principal portion and have the option to settle any amount in excess of the principal portion in cash and/or ordinary shares. As a result, only the amounts expected to be settled in excess of the principal portion are considered in calculating diluted earnings per share under the if-converted method. Potentially dilutive shares whose effect would have been antidilutive are excluded from the computation of diluted net loss per share.