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Income Taxes (Tables) | 12 Months Ended
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Jun. 28, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Before Income Taxes | The following were the components of loss before income taxes:
| Fiscal Years Ended |  |  |  |
(in millions of U.S. Dollars) | June 28, 2020 |  | June 30, 2019 |  | June 24, 2018
Domestic | ($222.3) |  |  | ($69.4) |  |  | ($50.4) |
Foreign | 31.9 |  |  | 24.2 |  |  | 32.8 |
Loss before income taxes | ($190.4) |  |  | ($45.2) |  |  | ($17.6) |
Schedule of Components of Income Tax Expense | The following were the components of income tax expense (benefit):
| Fiscal Years Ended |  |  |  |
(in millions of U.S. Dollars) | June 28, 2020 |  | June 30, 2019 |  | June 24, 2018
Current: |  |  |  |  |
Federal | ($6.5) |  |  | $2.4 |  |  | $36.0 |
Foreign | 7.5 |  |  | 10.1 |  |  | 4.5 |
State | 0.1 |  |  | 0.3 |  |  | 1.1 |
Total current | 1.1 |  |  | 12.8 |  |  | 41.6 |
Deferred: |  |  |  |  |
Federal | 1.8 |  |  | (1.9) |  |  | (45.8) |
Foreign | (2.7) |  |  | 2.0 |  |  | 6.1 |
State | — |  |  | (0.2) |  |  | (3.1) |
Total deferred | (0.9) |  |  | (0.1) |  |  | (42.8) |
Income tax expense (benefit) | $0.2 |  |  | $12.7 |  |  | ($1.2) |
Schedule of Effective Income Tax Rate and Amount Reconciliation | Actual income tax expense (benefit) differed from the amount computed by applying each period's U.S. federal statutory tax rate to pre-tax earnings as a result of the following:
| Fiscal Years Ended |  |  |  |  |  |  |  |  |  |
(in millions of U.S. Dollars) | June 28, 2020 |  | % of Loss |  | June 30, 2019 |  | % of Loss |  | June 24, 2018 |  | % of Loss
Federal income tax provision at statutory rate | ($40.0) |  |  | 21 | % |  | ($9.5) |  |  | 21 | % |  | ($5.0) |  |  | 28 | %
(Decrease) increase in income tax expense resulting from: |  |  |  |  |  |  |  |  |  |  |
State tax provision, net of federal benefit | (2.0) |  |  | 1 | % |  | (1.4) |  |  | 3 | % |  | (3.4) |  |  | 19 | %
Tax exempt interest | (0.6) |  |  | — | % |  | (0.4) |  |  | 1 | % |  | (1.2) |  |  | 7 | %
48C investment tax credit | — |  |  | — | % |  | — |  |  | — | % |  | (1.6) |  |  | 9 | %
(Decrease) increase in tax reserve | (0.3) |  |  | — | % |  | 0.5 |  |  | (1) | % |  | 0.1 |  |  | (1) | %
Research and development credits | (4.5) |  |  | 2 | % |  | (3.9) |  |  | 9 | % |  | (1.7) |  |  | 10 | %
Foreign tax credit | (0.5) |  |  | — | % |  | (0.5) |  |  | 1 | % |  | (39.4) |  |  | 224 | %
Increase (decrease) in valuation allowance | 55.3 |  |  | (29) | % |  | 8.2 |  |  | (18) | % |  | (24.5) |  |  | 139 | %
Partial extinguishment of convertible notes | (6.0) |  |  | 3 | % |  | — |  |  | — | % |  | — |  |  | — | %
Stock-based compensation | 1.7 |  |  | (1) | % |  | — |  |  | — | % |  | 9.0 |  |  | (51) | %
Statutory rate differences | 1.5 |  |  | (1) | % |  | 1.9 |  |  | (4) | % |  | (2.0) |  |  | 11 | %
Foreign earnings taxed in U.S. | 0.5 |  |  | — | % |  | 0.9 |  |  | (2) | % |  | 52.1 |  |  | (296) | %
Foreign currency fluctuations | 0.6 |  |  | — | % |  | 0.7 |  |  | (2) | % |  | (1.3) |  |  | 7 | %
Other foreign adjustments | 0.5 |  |  | — | % |  | (0.1) |  |  | — | % |  | (0.4) |  |  | 2 | %
Net operating loss carryback | (7.2) |  |  | 4 | % |  | — |  |  | — | % |  | (0.1) |  |  | 1 | %
Provision to return adjustments | (1.3) |  |  | 1 | % |  | 11.8 |  |  | (26) | % |  | — |  |  | — | %
Tax on distributable foreign earnings | 0.6 |  |  | — | % |  | 1.0 |  |  | (2) | % |  | 5.4 |  |  | (31) | %
Impact of rate changes | 0.8 |  |  | — | % |  | 2.7 |  |  | (6) | % |  | 11.2 |  |  | (64) | %
Expiration of state credits | 0.9 |  |  | (1) | % |  | 1.2 |  |  | (3) | % |  | 1.3 |  |  | (7) | %
Other | 0.2 |  |  | — | % |  | (0.4) |  |  | 1 | % |  | 0.3 |  |  | (2) | %
Income tax expense (benefit) | $0.2 |  |  | — | % |  | $12.7 |  |  | (28) | % |  | ($1.2) |  |  | 7 | %
Schedule of Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows:
(in millions of U.S. Dollars) | June 28, 2020 |  | June 30, 2019
Deferred tax assets: |  |  |
Compensation | $4.4 |  |  | $9.6 |
Inventories | 19.8 |  |  | 14.6 |
Sales return reserve and allowance for bad debts | 2.6 |  |  | 3.2 |
Federal and state net operating loss carryforwards | 180.1 |  |  | 137.1 |
Federal credits | 30.3 |  |  | 20.0 |
State credits | 1.9 |  |  | 2.9 |
48C investment tax credits | 37.5 |  |  | 25.9 |
Stock-based compensation | 8.3 |  |  | 11.3 |
Deferred revenue | 23.1 |  |  | 22.6 |
Lease liabilities | 6.5 |  |  | — |
Other | 5.1 |  |  | 4.6 |
Total gross deferred assets | 319.6 |  |  | 251.8 |
Less valuation allowance | (208.5) |  |  | (185.2) |
Deferred tax assets, net | 111.1 |  |  | 66.6 |
Deferred tax liabilities: |  |  |
Property and equipment | (34.7) |  |  | (20.1) |
Intangible assets | (19.2) |  |  | (16.9) |
Investments | (1.6) |  |  | (0.9) |
Prepaid taxes and other | (0.7) |  |  | — |
Foreign earnings recapture | (2.0) |  |  | (2.0) |
Taxes on unremitted foreign earnings | — |  |  | (2.4) |
Lease assets | (6.3) |  |  | — |
Convertible notes | (42.1) |  |  | (20.7) |
Total gross deferred liability | (106.6) |  |  | (63.0) |
Deferred tax asset, net | $4.5 |  |  | $3.6 |
Schedule of Components Giving Rise to Net Deferred Tax Assets (Liabilities) Included in Accompanying Consolidated Balance Sheet | The components giving rise to the net deferred tax assets (liabilities) have been included in the consolidated balance sheets as follows:
| Balance at June 28, 2020 |  |
(in millions of U.S. Dollars) | Assets |  | Liabilities
U.S. federal income taxes | $— |  |  | ($1.8) |
Foreign income taxes | 6.3 |  |  | — |
Total | $6.3 |  |  | ($1.8) |
| Balance at June 30, 2019 |  |
(in millions of U.S. Dollars) | Assets |  | Liabilities
U.S. federal income taxes | $— |  |  | $— |
Foreign income taxes | 5.6 |  |  | (2.0) |
Total | $5.6 |  |  | ($2.0) |
Schedule of Reconciliation of the Change in Uncertain Tax Positions | The following is a tabular reconciliation of the Company’s change in uncertain tax positions:
| Fiscal Years Ended |  |  |  |
(in millions of U.S. Dollars) | June 28, 2020 |  | June 30, 2019 |  | June 24, 2018
Balance at beginning of period | $8.2 |  |  | $8.6 |  |  | $13.3 |
Decrease related to current year change in law | — |  |  | — |  |  | (4.7) |
Increases related to prior year tax positions | — |  |  | 0.5 |  |  | 0.6 |
Decreases related to prior year tax positions | — |  |  | — |  |  | (0.1) |
Settlements with tax authorities | (0.1) |  |  | — |  |  | (0.1) |
Expiration of statute of limitations for assessment of taxes | (0.7) |  |  | (0.9) |  |  | (0.4) |
Balance at end of period | $7.4 |  |  | $8.2 |  |  | $8.6 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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