Net Loss Per Share

9 Months Ended

Mar. 29, 2025

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


	Three Months Ended				Nine Months Ended
	March				March
	2025		2024		2025		2024
Numerator:
Net loss	$	(21.8)	$	(18.1)	$	(43.1)	$	(82.7)
Denominator:
Shares, basic	39.0		39.3		39.5		39.1
Effect of dilutive share-based awards	—		—		—		—
Shares, diluted	39.0		39.3		39.5		39.1
Net loss per share:
Basic	$	(0.56)	$	(0.46)	$	(1.09)	$	(2.12)
Diluted	$	(0.56)	$	(0.46)	$	(1.09)	$	(2.12)

Our basic net 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. We have not presented diluted net loss per share as the inclusion of potentially dilutive shares would be antidilutive for all periods presented. As such, all net loss per share amounts reflect basic shares only. Our diluted net 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.