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Earnings Per Share | 6 Months Ended
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Jan. 02, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | Note 3. Earnings Per Share The following table sets forth the computation of basic and diluted net income per share (in millions, except per share data):
| Three Months Ended |  | Six Months Ended
| January 2, 2021 |  | December 28, 2019 |  | January 2, 2021 |  | December 28, 2019
Numerator: |  |  |  |  |  |  |
Net income | $ | 21.9 |  |  | $ | 28.0 |  |  | $ | 36.2 |  |  | $ | 34.8 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding: |  |  |  |  |  |  |
Basic | 228.8 |  |  | 230.0 |  |  | 228.8 |  |  | 229.7 |
Shares issuable assuming conversion of convertible notes (1) | 0.3 |  |  | 5.1 |  |  | — |  |  | 4.0 |
Effect of dilutive securities from stock-based compensation plans | 2.0 |  |  | 3.2 |  |  | 2.5 |  |  | 3.7 |
Diluted | 231.1 |  |  | 238.3 |  |  | 231.3 |  |  | 237.4 |
Net income per share: |  |  |  |  |  |  |
Basic | $ | 0.10 |  |  | $ | 0.12 |  |  | $ | 0.16 |  |  | $ | 0.15 |
Diluted | $ | 0.09 |  |  | $ | 0.12 |  |  | $ | 0.16 |  |  | $ | 0.15 |
(1) Represents the number of shares that would be issued if the Company’s 1.00% Senior Convertible Notes (2024 Notes) and 1.75% Senior Convertible Notes (2023 Notes) had been converted. The par amount of the Company’s convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest. The “in-the money” conversion benefit feature above the conversion price of the 2023 Notes and 2024 Notes of, $13.94 and $13.22 per share, respectively is payable in cash, shares of the Company’s common stock or a combination of both, at the Company’s election. Refer to “Note 11. Debt” for more details. 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):
| Three Months Ended |  | Six Months Ended
| January 2, 2021 |  | December 28, 2019 |  | January 2, 2021 |  | December 28, 2019
Restricted stock units | — |  |  | 0.3 |  |  | 0.5 |  |  | 0.2 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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