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Earnings Per Share | 9 Months Ended
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Apr. 01, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Note 3. Earnings 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 |  | Nine Months Ended
| April 1, 2023 |  | April 2, 2022 |  | April 1, 2023 |  | April 2, 2022
Numerator: |  |  |  |  |  |  |
Net (loss) income | $ | (15.4) |  |  | $ | 19.2 |  |  | $ | 25.6 |  |  | $ | (1.0) |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding: |  |  |  |  |  |  |
Basic | 224.1 |  |  | 229.2 |  |  | 225.5 |  |  | 232.1 |
Shares issuable assuming conversion of convertible notes (1) | — |  |  | 4.9 |  |  | 0.4 |  |  | — |
Effect of dilutive securities from stock-based compensation plans | — |  |  | 2.7 |  |  | 1.7 |  |  | — |
Diluted | 224.1 |  |  | 236.8 |  |  | 227.6 |  |  | 232.1 |
Net (loss) income per share: |  |  |  |  |  |  |
Basic | $ | (0.07) |  |  | $ | 0.08 |  |  | $ | 0.11 |  |  | $ | — |
Diluted | $ | (0.07) |  |  | $ | 0.08 |  |  | $ | 0.11 |  |  | $ | — |
(1) Represents the dilutive impact for the Company’s 1.75% Senior Convertible Notes due 2023 (2023 Notes), the 1.00% Senior Convertible Notes due 2024 (2024 Notes) and the 1.625% Senior Convertible Notes due 2026 (2026 Notes). As of April 1, 2023, the if-converted value is less than the outstanding principal of the 2023, 2024 and 2026 Notes, respectively. Refer to “Note 11. Debt” for more details. 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 |  | Nine Months Ended
| April 1, 2023 |  | April 2, 2022 |  | April 1, 2023 |  | April 2, 2022
Restricted stock units (1) | 4.3 |  |  | 0.3 |  |  | 3.6 |  |  | 0.6 |
Shares issuable from Senior Convertible Notes (2) | — |  |  | — |  |  | — |  |  | 5.9 |
Total potentially dilutive securities | 4.3 |  |  | 0.3 |  |  | 3.6 |  |  | 6.5 |
(1) Represents the number of RSUs that are excluded from the computation of diluted earnings per share as their inclusion would have been anti-dilutive. (2) As the Company incurred a loss from continuing operations in the period, potential securities from Senior Convertible Notes have been excluded from the dilutive net loss per share computations as their effects were deemed anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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