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Acquisition (Tables) | 12 Months Ended
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Jun. 28, 2020
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation | The final purchase price allocation is as follows:
(in millions of U.S. Dollars) |
Inventories | $22.5 |
Property and equipment | 11.7 |
Other receivables | 0.4 |
Intangible assets | 149.0 |
Goodwill | 249.0 |
Accrued expenses and liabilities | (3.4) |
Net assets acquired | $429.2 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The weighted average life of the acquired intangible assets is approximately 13.8 years. The components of the acquired intangible assets are as follows:
(in millions of U.S. Dollars, except year data) | Asset Amount |  | Estimated Life (in years)
Lease agreement (1) | $1.0 |  |  | 10
Customer relationships | 92.0 |  |  | 15
Developed technology | 44.0 |  |  | 14
Non-compete agreements | 12.0 |  |  | 4
Total identifiable intangible assets | $149.0 |  |  |
(1) In the first quarter of fiscal 2020, the acquired lease agreement was reclassified from an intangible asset to a right-of-use asset in accordance with the Company's adoption of ASC 842, Leases.
Schedule of Revenue of Acquiree since Acquisition Date | The results of the RF Power business reflected in the Company's consolidated statements of operations for the fiscal year ended June 24, 2018 from the date of acquisition (March 6, 2018) are as follows:
(in millions of U.S. Dollars) | Amount
Revenue | $29.0 |
Net loss from continuing operations | (11.7) |
Schedule of Pro Forma Information of Acquiree | The following supplemental pro forma information presents the consolidated financial results as if the RF Power transaction had occurred at the beginning of fiscal 2018:
| Fiscal Year Ended |  |
(in millions of U.S. Dollars, except share data) | June 24, 2018 |  |
Revenue | $990.3 |  |  |
Net loss from continuing operations | (20.8) |  |  |
Basic loss per share from continuing operations | ($0.21) |  |  |
Diluted loss per share from continuing operations | ($0.21) |  |  |

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