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Stockholders' Equity (Tables)

12 Months Ended

Jul. 03, 2021

Stockholders' Equity Note [Abstract]

Share Repurchase Activity

The following table summarizes share repurchase activity related to the Company’s stock repurchase program (in millions, except per share amounts):

						Years Ended
						July 3, 2021						June 27, 2020						June 29, 2019
Total number of shares repurchased						3.0						3.7						1.1
Average price per share						$	14.21					$	11.99					$	10.14
Total purchase price						$	42.6					$	44.4					$	11.3
Remaining authorization at end of period						$	112.9					$	155.6					$	51.4

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- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 25
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653

+ Details

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- References

No definition available.

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