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Earnings Per Share (Tables)
3 Months Ended
Oct. 02, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net (Loss) Income 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
 October 2, 2021October 3, 2020
Numerator:  
Net (loss) income$(54.8)$19.7 
Denominator:
Weighted-average shares outstanding:
Basic 231.1 228.8 
Effect of dilutive securities from stock-based compensation plans— 3.0 
Diluted231.1 231.8 
Net (loss) income per share:
Basic$(0.24)$0.09 
Diluted$(0.24)$0.08 
Schedule of Weighted Average Potentially Dilutive Securities Excluded from the Computation Because Their Effect Would Have Been Anti-dilutive
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
 October 2, 2021October 3, 2020
(1)(2)
Restricted stock units6.1 1.0 
Stock options and ESPP1.5 — 
Shares issuable from Senior Convertible Notes8.3 — 
Total potentially dilutive securities15.9 1.0 
(1)    As the Company incurred a loss from continuing operations in the period, potential securities from employee stock options, Employee Stock Purchase Plan (ESPP), restricted stock units (RSUs), performance stock units (PSUs) and Senior Convertible Notes have been excluded from the dilutive net loss per share computations as their effects were deemed anti-dilutive.
(2)    The Company’s 1.00% Senior Convertible Notes due 2024 are not included in the table above. The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the money” conversion benefit feature at the conversion price above $13.22 per share is payable in cash, shares of the Company’s common stock or a combination of both, at the Company’s election. The Company’s average stock price for the period presented did not exceed the conversion price of $13.22. In addition, the Company’s 1.75% Senior Convertible Notes due 2023 are not included in the table above. The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the money” conversion benefit feature at the conversion price above $13.94 per share is payable in cash, shares of the Company’s common stock or a combination of both, at the Company’s election. The Company’s average stock price for the period presented did not exceed the conversion price of $13.94. Refer to “Note 11. Debt” for more details.