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Acquisitions (Tables) | 12 Months Ended
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Jun. 27, 2020
Business Combinations [Abstract] |
Fair Value of Consideration Transferred | The fair value of consideration transferred for the 3Z acquisition consists of the following (in millions):
Cash consideration paid at closing |  | $ | 18.9 |
Escrow payments |  | 4.3 |
Fair value of contingent consideration |  | 5.5 |
Total purchase consideration |  | $ | 28.7 |
The fair value of consideration transferred for the RPC acquisition consists of the following (in millions):
Cash consideration paid at closing |  | $ | 29.9 |
Escrow payments |  | 3.5 |
Fair value of contingent consideration |  | 36.2 |
Total purchase consideration |  | $ | 69.6 |
Preliminary Identified Intangible Assets Acquired | The identified tangible and intangible assets acquired, as of the 3Z Close Date, were as follows (in millions):
Tangible assets acquired: |  | $ | 4.1 |
Intangible assets acquired: |  |
Developed technology |  | 4.4 |
Customer relationships |  | 7.9 |
Customer backlog |  | 0.1 |
Goodwill |  | 12.2 |
Total consideration transferred |  | $ | 28.7 |
The identified intangible assets acquired, were as follows (in millions):
Tangible assets acquired: |  | $ | 59.0 |
Intangible assets acquired: |  |
Developed technology |  | 113.5 |
Customer relationships |  | 75.0 |
Trade names |  | 28.0 |
In-process research and development |  | 9.0 |
Customer backlog |  | 6.5 |
Goodwill |  | 175.8 |
Total consideration transferred |  | $ | 466.8 |
The identified intangible assets acquired, were as follows (in millions):
Net tangible assets acquired |  | $ | 11.8 |
Intangible assets acquired: |  |
Developed technology |  | 15.5 |
Customer relationships |  | 11.0 |
Other |  | 0.3 |
Goodwill |  | 17.8 |
Total purchase price |  | $ | 56.4 |
The identified tangible and intangible assets acquired, as of the RPC Close Date, were as follows (in millions):
Tangible assets acquired: |  | $ | 5.7 |
Intangible assets acquired: |  |
Developed technology |  | 15.7 |
Customer relationships |  | 14.0 |
Customer backlog |  | 0.3 |
Goodwill |  | 33.9 |
Total consideration transferred |  | $ | 69.6 |
Preliminary Allocation of Purchase Price | The allocation of the purchase price was as follows (in millions):
Cash |  | $ | 0.2 |
Accounts receivable |  | 3.2 |
Inventory |  | 10.1 |
Property and equipment |  | 1.2 |
Accounts payable |  | (1.7 | )
Other liabilities, net of other assets |  | (1.2 | )
Net tangible assets acquired |  | $ | 11.8 |
The allocation of the purchase price to tangible assets, based on the estimated fair values of assets acquired and liabilities assumed on the RPC Close Date, was as follows (in millions):
Cash |  | $ | 1.8 |
Other current assets |  | 1.8 |
Property and equipment |  | 2.6 |
Total liabilities |  | (0.5 | )
Net tangible assets acquired |  | $ | 5.7 |
The allocation of the purchase price was as follows (in millions):
Cash |  | $ | 16.1 |
Accounts receivable |  | 43.0 |
Inventory |  | 33.5 |
Property and equipment |  | 33.5 |
Other assets |  | 6.1 |
Accounts payable |  | (10.9 | )
Other liabilities |  | (28.4 | )
Deferred revenue |  | (10.2 | )
Deferred tax liabilities |  | (23.7 | )
Net tangible assets acquired |  | $ | 59.0 |
The allocation of the purchase price to tangible assets, based on the estimated fair values of assets acquired and liabilities assumed on the 3Z Close Date, was as follows (in millions):
Cash |  | $ | 2.2 |
Total other assets |  | 3.6 |
Total liabilities |  | (1.7 | )
Net tangible assets acquired |  | $ | 4.1 |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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