XML 28 R11.htm IDEA: XBRL DOCUMENT v3.24.0.1
Earnings Per Share
 6 Months Ended
Dec. 30, 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 per share (in millions, except per share data):
 Three Months EndedSix Months Ended
 December 30, 2023December 31, 2022December 30, 2023December 31, 2022
Numerator:  
Net income$10.7 $8.4 $20.5 $41.0 
Denominator:
Weighted-average shares outstanding:
Basic 222.5 225.9 222.2 226.1 
Shares issuable assuming conversion of convertible notes (1)
— — — 0.7 
Effect of dilutive securities from stock-based compensation plans1.0 1.2 1.7 2.0 
Diluted223.5 227.1 223.9 228.8 
Net income per share:
Basic$0.05 $0.04 $0.09 $0.18 
Diluted$0.05 $0.04 $0.09 $0.18 
(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 December 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.
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 EndedSix Months Ended
 December 30, 2023December 31, 2022December 30, 2023December 31, 2022
Restricted stock units5.6 5.0 3.1 3.2