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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jun. 29, 2019
OPERATING ACTIVITIES:      
Net income $ 46.1 $ 28.7 $ 5.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 35.8 40.0 39.7
Amortization of acquired technologies and other intangibles 66.5 67.8 72.5
Stock-based compensation 48.3 44.6 38.2
Amortization of debt issuance costs and accretion of debt discount 23.7 22.2 22.7
Net change in fair value of contingent liabilities (5.3) (31.5) (5.9)
Loss on sales of investments 0.0 0.0 0.5
Loss on disposal of long-lived assets 0.1 0.1 1.4
Other 2.8 5.7 5.1
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (15.0) (5.1) (17.8)
Inventories (14.3) 3.7 (15.4)
Other current and non-currents assets 14.9 10.6 0.1
Accounts payable 7.0 (9.2) 8.7
Income taxes payable 18.1 0.0 5.0
Deferred revenue, current and non-current 12.3 5.9 (3.1)
Deferred taxes, net 1.6 11.9 (1.9)
Accrued payroll and related expenses 23.1 (7.0) 5.9
Accrued expenses and other current and non-current liabilities (22.4) (52.8) (22.3)
Net cash provided by operating activities 243.3 135.6 138.8
INVESTING ACTIVITIES:      
Maturities of available-for-sale investments 0.0 0.0 47.3
Sales of available-for-sale investments 0.0 0.0 119.9
Acquisition of businesses, net of cash acquired (0.7) (2.5) (47.0)
Capital expenditures (52.1) (31.9) (45.0)
Proceeds from the sale of assets 4.1 4.6 5.4
Net cash (used in) provided by investing activities (48.7) (29.8) 80.6
FINANCING ACTIVITIES:      
Payment of debt issuance costs (0.1) (1.6) (0.5)
Repurchase and retirement of common stock (42.2) (44.4) (11.2)
Payment of financing obligations (1.2) (2.7) (1.7)
Redemption of convertible debt 0.0 0.0 (276.9)
Proceeds from exercise of employee stock options and employee stock purchase plan 6.6 5.5 5.4
Withholding tax payment on vesting of restricted stock awards (17.9) (21.0) (15.5)
Payment of acquisition related holdback 0.0 (6.8) 0.0
Payment of acquired debt (2.8) 0.0 0.0
Payment of acquisition related contingent consideration (1.2) (0.7) 0.0
Net cash used in financing activities (58.8) (71.7) (300.4)
Effect of exchange rates on cash, cash equivalents and restricted cash 25.2 (17.1) (12.9)
Net increase (decrease) in cash, cash equivalents and restricted cash 161.0 17.0 (93.9)
Cash, cash equivalents and restricted cash at beginning of period [1] 547.4 [2] 530.4 [2] 624.3
Cash, cash equivalents and restricted cash at end of period [2] 708.4 547.4 [1] 530.4 [1]
Supplemental disclosure of cash flow information      
Cash paid for interest 12.3 11.3 11.8
Cash paid for income taxes $ 43.8 $ 50.6 $ 29.8
[1] (1) These amounts include both current and non-current balances of restricted cash totaling $8.4 million, $8.9 million and $12.9 million as of June 27, 2020, June 29, 2019, and June 30, 2018, respectively.
[2] (2) These amounts include both current and non-current balances of restricted cash totaling $10.6 million, $8.4 million and $8.9 million as of July 3, 2021, June 27, 2020 and June 29, 2019, respectively.