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Earnings Per Share (Tables) | 3 Months Ended
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Oct. 01, 2022
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 (loss) per share (in millions, except per share data):
|  |  | Three Months Ended
|  |  |  |  | October 1, 2022 |  | October 2, 2021
Numerator: |  |  |  |  |  |  |
Net income (loss) |  |  |  |  | $ | 32.6 |  |  | $ | (54.8) |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding: |  |  |  |  |  |  |
Basic |  |  |  |  | 226.3 |  |  | 231.1 |
Shares issuable assuming conversion of convertible notes (1) |  |  |  |  | 1.4 |  |  | — |
Effect of dilutive securities from stock-based compensation plans |  |  |  |  | 2.7 |  |  | — |
Diluted |  |  |  |  | 230.4 |  |  | 231.1 |
Net income (loss) per share: |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 0.14 |  |  | $ | (0.24) |
Diluted |  |  |  |  | $ | 0.14 |  |  | $ | (0.24) |
(1) Represents the dilutive impact for the Company’s 1.75% Senior Convertible Notes due 2023 (2023 Notes) and the 1.00% Senior Convertible Notes due 2024 (2024 Notes). As of October 1, 2022, the if-converted value in excess of outstanding principal of the 2023 and 2024 Notes was $1.6 million and $17.7 million, respectively. Refer to “Note 11. Debt” for more details.
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 1, 2022 |  | October 2, 2021
|  |  |  |  |  |  | (1)
Restricted stock units (2) |  |  |  |  | 1.4 |  |  | 6.1 |
Stock options and Employee Stock Purchase Plan |  |  |  |  | — |  |  | 1.5 |
Shares issuable from Senior Convertible Notes |  |  |  |  | — |  |  | 8.3 |
Total potentially dilutive securities |  |  |  |  | 1.4 |  |  | 15.9 |
(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) Represents the number of RSUs that are excluded from the computation of diluted earnings per share as their inclusion would have been anti-dilutive.

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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 + Details
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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 + Details
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