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Discontinued Operations (Tables)
12 Months Ended
Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The Company has classified the results of the Lighting Products business unit as discontinued operations, the results of which for the fiscal years ended June 30, 2019, June 24, 2018, and June 25, 2017 are as follows:
 
Fiscal Years Ended
 
June 30, 2019
 
June 24, 2018
 
June 25, 2017
(in millions of U.S. Dollars)
 
 
 
 
 
Revenue, net

$419.8

 

$568.8

 

$701.5

Cost of revenue, net
324.3

 
463.2

 
510.9

Gross profit
95.5

 
105.6

 
190.6

Research and development
37.1

 
35.9

 
44.7

Sales, general and administrative
100.6

 
97.6

 
119.6

Amortization or impairment of acquisition-related intangibles
116.4

 
23.6

 
24.1

Goodwill impairment charges
90.3

 
247.5

 

Loss on disposal or impairment of long-lived assets
2.0

 
2.1

 
0.8

Operating (loss) income
(250.9
)
 
(301.1
)
 
1.4

Non-operating income

 
(1.3
)
 
(1.0
)
(Loss) income before income taxes and loss on sale
(250.9
)
 
(299.8
)
 
2.4

Loss on sale
66.2

 

 

(Loss) income before income taxes
(317.1
)
 
(299.8
)
 
2.4

Income tax expense (benefit)
0.1

 
(36.3
)
 
12.4

Net loss

($317.2
)
 

($263.5
)
 

($10.0
)
Assets and liabilities held for sale relating to the sale of the Lighting Products business unit as of June 24, 2018 are as follows:
(in millions of U.S. Dollars)
June 24, 2018
Assets
 
Accounts receivable, net
$
67.5

Income tax receivable
0.4

Inventories
144.4

Prepaid expenses
3.8

Other current assets
7.3

Total current assets
223.4

Property and equipment, net
72.2

Goodwill
90.3

Intangible assets, net
174.3

Deferred income taxes
0.7

Other assets
0.2

Total assets
$
561.1

 
 
Liabilities
 
Accounts payable, trade
$
44.7

Accrued salaries and wages
11.6

Income tax payable
0.3

Other current liabilities
24.2

Total current liabilities
80.8

Other long term liabilities
21.5

Total liabilities
$
102.3

The cash flow impacts of the Lighting Products business unit are as follows:
 
Fiscal Years Ended
(in millions of U.S. Dollars)
June 30, 2019
 
June 24, 2018
 
June 25, 2017
Cash (used in) provided by operating activities of discontinued operations
$
(17.9
)
 
$
61.0

 
$
85.2

Cash used in investing activities of discontinued operations
(15.4
)
 
(17.9
)
 
(16.9
)