XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Recently Issued Accounting Pronouncements (Tables) | 12 Months Ended
--- | ---
Jul. 02, 2022
Accounting Policies [Abstract] |
Accounting Standards Update and Change in Accounting Principle | The following table presents the impact of the standard adoption to select line items of the Company’s Consolidated Balance Sheet as of July 3, 2021 (in millions):
| July 3, 2021
| As Reported |  | Adjustment |  | As Adjusted
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |
Short-term debt | $ | 414.2 |  |  | $ | 42.4 |  |  | $ | 456.6 |
Long-term debt | 209.8 |  |  | 14.3 |  |  | 224.1 |
Mezzanine equity - Senior Convertible Notes | 45.8 |  |  | (45.8) |  |  | — |
Additional paid-in capital | 70,265.5 |  |  | (82.3) |  |  | 70,183.2 |
Accumulated deficit | $ | (69,393.7) |  |  | $ | 71.4 |  |  | $ | (69,322.3) |
The following table presents the impact of the standard adoption to select line items of the Company’s Consolidated Statement of Operations for the years ended July 3, 2021 and June 27, 2020 (in millions, except per-share data):
| Year Ended July 3, 2021
| As Reported |  | Adjustment |  | As Adjusted
Interest Expense | $ | (36.1) |  |  | $ | 21.4 |  |  | $ | (14.7) |
Net income | $ | 46.1 |  |  | $ | 21.4 |  |  | $ | 67.5 |
Net income per share: |  |  |  |  |
Basic | $ | 0.20 |  |  | $ | 0.10 |  |  | $ | 0.30 |
Diluted | $ | 0.20 |  |  | $ | 0.09 |  |  | $ | 0.29 |
Shares used in per-share calculation: |  |  |  |  |
Basic | 228.7 |  | — |  |  | 228.7
Diluted | 235.9 |  | 0.4 |  |  | 236.3
| Year Ended June 27, 2020
| As Reported |  | Adjustment |  | As Adjusted
Interest Expense | $ | (33.7) |  |  | $ | 20.3 |  |  | $ | (13.4) |
Net income | $ | 28.7 |  |  | $ | 20.3 |  |  | $ | 49.0 |
Net income per share: |  |  |  |  |
Basic | $ | 0.13 |  |  | $ | 0.08 |  |  | $ | 0.21 |
Diluted | $ | 0.12 |  |  | $ | 0.09 |  |  | $ | 0.21 |
Shares used in per-share calculation: |  |  |  |  |
Basic | 229.4 |  | — |  |  | 229.4
Diluted | 233.7 |  | 1.1 |  |  | 234.8

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126900757&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=126900757&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration