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Earnings Per Share (Tables)

12 Months Ended

Jul. 03, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table sets forth the computation of basic and diluted net income per share (in millions, except per share data):

			Years Ended
			July 3, 2021						June 27, 2020						June 29, 2019
Numerator:
Income from continuing operations, net of taxes			$	46.1					$	28.7					$	7.8
Loss from discontinued operations, net of taxes			—						—						(2.4)
Net income			$	46.1					$	28.7					$	5.4
Denominator:
Weighted-average shares outstanding:
Basic			228.7						229.4						228.1
Shares issuable assuming conversion of convertible notes (1)			4.6						1.2						—
Effect of dilutive securities from stock-based benefit plans			2.6						3.1						3.1
Diluted			235.9						233.7						231.2
Net income per share from - basic:
Continuing operations			$	0.20					$	0.13					$	0.03
Discontinued operations			—						—						(0.01)
Net income			$	0.20					$	0.13					$	0.02
Net income per share from - diluted:
Continuing operations			$	0.20					$	0.12					$	0.03
Discontinued operations			—						—						(0.01)
Net income			$	0.20					$	0.12					$	0.02

(1)Represents the dilutive impact under the if-converted method for the Company's 1.75% Senior Convertible Notes due 2023 and the 1.00% Senior Convertible Notes due 2024. As of July 3, 2021, the if-converted value in excess of outstanding principal of the 1.75% Senior Convertible Notes due 2023 and the 1.00% Senior Convertible Notes due 2024 was $13.8 million and $54.8 million, respectively. Refer to “Note 11. Debt” for more information.

Schedule of Antidilutive Securities

The following table sets forth the weighted-average potentially dilutive securities excluded from the computation of the diluted net income per share because their effect would have been anti-dilutive (in millions):

			Years Ended
			July 3, 2021						June 27, 2020						June 29, 2019
Stock options and ESPP			—						—						0.1
Full Value Awards			0.4						0.2						0.4
Total potentially dilutive securities			0.4						0.2						0.5

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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