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Earnings Per Share (Tables)

12 Months Ended

Jul. 02, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table sets forth the computation of basic and diluted net income per share (in millions, except per share data):

			Years Ended
			July 2, 2022						July 3, 2021						June 27, 2020
Numerator:
Net income			$	15.5					$	67.5					$	49.0
Denominator:
Weighted-average shares outstanding:
Basic			230.9						228.7						229.4
Shares issuable assuming conversion of convertible notes(1)			4.8						5.0						2.3
Effect of dilutive securities from stock-based compensation plans			2.5						2.6						3.1
Diluted			238.2						236.3						234.8
Net income per share:
Basic			$	0.07					$	0.30					$	0.21
Diluted			$	0.07					$	0.29					$	0.21

(1) Represents the dilutive impact for the Company's 1.75% Senior Convertible Notes due 2023 and the 1.00% Senior Convertible Notes due 2024. As of July 2, 2022, the if-converted value in excess of outstanding principal of the 1.75% Senior Convertible Notes due 2023 and the 1.00% Senior Convertible Notes due 2024 was $2.1 million and $19.4 million, respectively. Refer to “Note 11. Debt” for more information.

Schedule of Antidilutive Securities

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):

			Years Ended
			July 2, 2022						July 3, 2021						June 27, 2020
Full Value Awards(1)			0.6						0.4						0.2
Total potentially dilutive securities			0.6						0.4						0.2

(1) See Note 16. Stock-Based Compensation for definition of Full Value Awards.

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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