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Stockholders' Equity (Tables)

12 Months Ended

Jun. 28, 2025

Stockholders' Equity Note [Abstract]

Share Repurchase Activity

The following table summarizes share repurchase activity related to the Company’s stock repurchase program (in millions, except average price per share amounts):

						Years Ended
						June 28, 2025						June 29, 2024						July 1, 2023
Total number of shares repurchased						2.0						2.3						7.3
Average price per share						$	8.20					$	8.70					$	11.49
Total purchase price						$	16.4					$	20.0					$	83.9
Remaining authorization at end of period						$	198.4					$	214.8					$	234.8

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- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Section 25
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481138/505-30-25-5

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- References

No definition available.

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