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Financial Statement Details (Tables)

6 Months Ended

Dec. 29, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net consisted of the following:

(in millions of U.S. Dollars)			December 29, 2019						June 30, 2019
Billed trade receivables			$133.0						$125.8
Unbilled contract receivables			0.7						0.7
Royalties			3.9						2.8
			137.6						129.3
Allowance for bad debts			(0.4)						(0.4)
Accounts receivable, net			$137.2						$128.9

Schedule of Inventories

Inventories consisted of the following:

(in millions of U.S. Dollars)			December 29, 2019						June 30, 2019
Raw material			$42.8						$42.4
Work-in-progress			81.4						101.1
Finished goods			41.1						43.9
Inventories			$165.3						$187.4

Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:

(in millions of U.S. Dollars)			December 29, 2019						June 30, 2019
Accounts payable, trade			$91.3						$90.7
Accrued salaries and wages			46.1						70.9
Accrued expenses			33.7						34.0
Other			5.6						5.3
Accounts payable and accrued expenses			$176.7						$200.9

Schedule of Other Operating Expense

Other operating expense consisted of the following:

			Three months ended																		Six months ended
(in millions of U.S. Dollars)			December 29, 2019						December 30, 2018						December 29, 2019						December 30, 2018
Factory optimization restructuring			$1.2						$—						$2.4						$—
Severance and other restructuring			—						—						0.8						2.6
Total restructuring costs			1.2						—						3.2						2.6
Project, transformation and transaction costs			10.8						0.2						13.4						0.6
Factory optimization start-up costs			1.5						—						2.9						—
Non-restructuring related executive severance			0.3						—						1.5						—
Other operating expense			$13.8						$0.2						$21.0						$3.2

Schedule of Accumulated Other Comprehensive Income, Net of Taxes

Accumulated other comprehensive income, net of taxes, consisted of the following:

(in millions of U.S. Dollars)			December 29, 2019						June 30, 2019
Currency translation gain			$9.5						$9.5
Net unrealized gain on available-for-sale securities			0.2						—
Accumulated other comprehensive income, net of taxes			$9.7						$9.5

Schedule of Non-Operating Expense (Income), Net

The following table summarizes the components of non-operating (income) expense, net:

			Three months ended																		Six months ended
(in millions of U.S. Dollars)			December 29, 2019						December 30, 2018						December 29, 2019						December 30, 2018
Foreign currency (gain) loss, net			($1.2)						$—						($1.1)						$0.6
(Gain) loss on sale of investments, net			(0.1)						0.1						(0.1)						0.1
(Gain) loss on equity investment, net			(6.4)						1.9						(9.9)						8.6
Interest expense, net			2.8						3.6						4.7						6.0
Other, net			(0.2)						—						(0.3)						—
Non-operating (income) expense, net			($5.1)						$5.6						($6.7)						$15.3

Schedule of Noncash Operating Activities

			Six months ended
Non-cash operating activities			December 29, 2019						December 30, 2018
Increase of right-of-use assets and lease liabilities(1)			$15.5						$—
Lease asset and liability modifications, net			4.6						—

⁽¹⁾ $12.2 million relates to the increase of right-of-use assets and matching lease liabilities as a result of adopting ASC 842. See Note 4, "Leases", for further information.

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