XML 23 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Dec. 30, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:    
Net income $ 20.5 $ 41.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 19.5 17.1
Amortization of acquired technologies and other intangibles 10.4 17.2
Stock-based compensation 23.7 26.0
Amortization of debt issuance costs 3.8 1.2
Net change in fair value of contingent liabilities (8.4) 1.8
Deferred taxes, net 3.1 3.3
Restructuring (0.9) 0.0
Gain on legal settlement 0.0 (6.7)
Other 2.3 2.9
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 22.8 42.2
Inventories (0.7) (14.4)
Other current and non-currents assets 1.3 12.0
Accounts payable (2.4) (6.9)
Income taxes payable (0.3) (9.0)
Deferred revenue, current and non-current (17.5) (8.3)
Accrued payroll and related expenses (4.4) (21.6)
Accrued expenses and other current and non-current liabilities (2.1) (25.0)
Net cash provided by operating activities 70.7 72.8
INVESTING ACTIVITIES:    
Purchases of short-term investments (115.0) 0.0
Maturities of short-term investments 105.3 0.0
Capital expenditures (12.5) (32.9)
Proceeds from the sale of assets 1.9 2.4
Acquisitions, net of cash hold back 0.0 (64.4)
Purchase price adjustment related to business acquisition 0.0 (1.0)
Net cash used in investing activities (20.3) (95.9)
FINANCING ACTIVITIES:    
Repurchase and retirement of common stock (10.0) (43.9)
Withholding tax payment on vesting of restricted stock and performance based-awards (9.3) (11.2)
Payment of financing obligations (0.1) (0.1)
Proceeds from employee stock purchase plan 3.0 3.7
Payment of acquisition related obligations (1.0) (0.7)
Payment of acquisition related contingent consideration (0.9) (0.5)
Net cash used in financing activities (18.3) (52.7)
Effect of exchange rates on cash, cash equivalents and restricted cash 4.9 (0.1)
Net increase (decrease) in cash, cash equivalents and restricted cash 37.0 (75.9)
Cash, cash equivalents and restricted cash at the beginning of the period [1] 515.6 572.8
Cash, cash equivalents and restricted cash at the end of the period [2] $ 552.6 $ 496.9
[1] These amounts include both current and non-current balances of restricted cash totaling $9.1 million and $12.9 million as of July 1, 2023 and July 2, 2022, respectively.
[2] These amounts include both current and non-current balances of restricted cash totaling $8.9 million and $12.8 million as of December 30, 2023 and December 31, 2022, respectively.