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Earnings Per Share (Tables) | 3 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share | The following table sets forth the computation of basic and diluted net income per share (in millions, except per share data):
| Three Months Ended |  |
| September 30, 2023 |  | October 1, 2022 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 9.8 |  |  | $ | 32.6 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding: |  |  |  |  |  |  |
Basic | 222.0 |  |  | 226.3 |  |  |  |  |
Shares issuable assuming conversion of convertible notes (1) | — |  |  | 1.4 |  |  |  |  |
Effect of dilutive securities from stock-based compensation plans | 2.2 |  |  | 2.7 |  |  |  |  |
Diluted | 224.2 |  |  | 230.4 |  |  |  |  |
Net income per share: |  |  |  |  |  |  |
Basic | $ | 0.04 |  |  | $ | 0.14 |  |  |  |  |
Diluted | $ | 0.04 |  |  | $ | 0.14 |  |  |  |  |
(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 September 30, 2023, the if-converted value is less than the outstanding principal of the 2024 and 2026 Notes, respectively, and are therefore anti-dilutive. 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 |  |
| September 30, 2023 |  | October 1, 2022 |  |  |  |
Restricted stock units | 0.5 |  |  | 1.4 |  |  |  |  |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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