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Stockholders' Equity (Tables)

12 Months Ended

Jul. 02, 2022

Stockholders' Equity Note [Abstract]

Share Repurchase Activity

The following table summarizes share repurchase activity related to the Company’s stock repurchase program (in millions, except average price per share amounts):

						Years Ended
						July 2, 2022						July 3, 2021						June 27, 2020
Total number of shares repurchased						14.8						3.0						3.7
Average price per share						$	15.91					$	14.21					$	11.99
Total purchase price						$	235.5					$	42.6					$	44.4
Remaining authorization at end of period						$	67.3					$	112.9					$	155.6

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- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 25
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653

+ Details

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- References

No definition available.

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