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Acquisitions (Tables)

6 Months Ended

Dec. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Changes in Fair Value of Level 3 Liabilities

The following table provides a reconciliation of changes in the fair value of the Company’s earn-out liabilities associated with the Company’s acquisitions for the three and six months ended December 30, 2023 and December 31, 2022 (in millions):

						Three Months Ended												Six Months Ended
						December 30, 2023						December 31, 2022						December 30, 2023						December 31, 2022
Beginning period balance						$	18.3					$	2.9					$	19.7					$	2.5
Additions to Contingent Consideration						—						29.4						—						29.4
Payments of Contingent Consideration						(0.7)						(0.5)						(0.7)						(0.5)
Fair value adjustment of earn-out liabilities						(7.0)						1.3						(8.4)						1.8
Currency translation adjustment						—						0.1						—						—
Ending period balance						$	10.6					$	33.2					$	10.6					$	33.2

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- References

No definition available.

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X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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