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Financial Statement Details | 3 Months Ended
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Sep. 27, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Financial Statement Details | Financial Statement Details Accounts Receivable, net Accounts receivable, net consisted of the following:
(in millions of U.S. Dollars) | September 27, 2020 |  | June 28, 2020
Billed trade receivables | $106.7 |  |  | $111.3 |
Unbilled contract receivables | 0.8 |  |  | 1.2 |
Royalties | 2.2 |  |  | 2.8 |
| 109.7 |  |  | 115.3 |
Allowance for bad debts | (1.2) |  |  | (1.3) |
Accounts receivable, net | $108.5 |  |  | $114.0 |
Changes in the Company’s allowance for bad debts were as follows:
(in millions of U.S. Dollars) | September 27, 2020
Balance at beginning of period | $1.3 |
Current period provision change | — |
Write-offs, net of recoveries | (0.1) |
Balance at end of period | $1.2 |
Inventories Inventories consisted of the following:
(in millions of U.S. Dollars) | September 27, 2020 |  | June 28, 2020
Raw material | $47.5 |  |  | $47.0 |
Work-in-progress | 101.1 |  |  | 95.4 |
Finished goods | 38.7 |  |  | 36.7 |
Inventories | $187.3 |  |  | $179.1 |
Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consisted of the following:
(in millions of U.S. Dollars) | September 27, 2020 |  | June 28, 2020
Accounts payable, trade | $123.7 |  |  | $106.9 |
Accrued salaries and wages | 72.3 |  |  | 47.4 |
Accrued expenses | 70.3 |  |  | 60.5 |
Other | 7.6 |  |  | 6.0 |
Accounts payable and accrued expenses | $273.9 |  |  | $220.8 |
Other Operating Expense Other operating expense consisted of the following:
|  |  | Three months ended
(in millions of U.S. Dollars) |  |  |  |  | September 27, 2020 |  | September 29, 2019
Factory optimization restructuring |  |  |  |  | $1.6 |  |  | $1.2 |
Severance and other restructuring |  |  |  |  | 3.2 |  |  | 0.8 |
Total restructuring costs |  |  |  |  | 4.8 |  |  | 2.0 |
Project, transformation and transaction costs |  |  |  |  | 5.6 |  |  | 2.6 |
Factory optimization start-up costs |  |  |  |  | 3.0 |  |  | 1.4 |
Non-restructuring related executive severance |  |  |  |  | — |  |  | 1.2 |
Other operating expense |  |  |  |  | $13.4 |  |  | $7.2 |
Accumulated Other Comprehensive Income, net of taxes Accumulated other comprehensive income, net of taxes, consisted of the following:
(in millions of U.S. Dollars) | September 27, 2020 |  | June 28, 2020
Currency translation gain | $9.5 |  |  | $9.5 |
Net unrealized gain on available-for-sale securities (1) | 6.5 |  |  | 6.5 |
Accumulated other comprehensive income, net of taxes | $16.0 |  |  | $16.0 |
(1) Amounts as of September 27, 2020 and June 28, 2020 include a $2.4 million loss related to tax on unrealized gain (loss) on available-for-sale securities. Reclassifications Out of Accumulated Other Comprehensive Income Less than $0.1 million was reclassified for each of the three month periods ended September 27, 2020 and September 29, 2019. Amounts were reclassified to non-operating expense, net on the consolidated statements of operations. Non-Operating Expense, net The following table summarizes the components of non-operating expense, net:
|  |  | Three months ended
(in millions of U.S. Dollars) |  |  |  |  | September 27, 2020 |  | September 29, 2019
Foreign currency loss, net |  |  |  |  | $— |  |  | $0.1 |
Loss (gain) on equity investment, net |  |  |  |  | 3.4 |  |  | (3.5) |
Interest income |  |  |  |  | (2.7) |  |  | (5.5) |
Interest expense, net of capitalized interest |  |  |  |  | 13.1 |  |  | 7.4 |
Other, net |  |  |  |  | 0.2 |  |  | (0.1) |
Non-operating expense, net |  |  |  |  | $14.0 |  |  | ($1.6) |
The change in loss (gain) on equity investment, net is due to the decrease in the Lextar Electronics Corporation (Lextar) stock price. Statements of Cash Flows - non-cash activities
| Three months ended
Non-cash operating activities | September 27, 2020 |  | September 29, 2019
Lease asset and liability additions (1) | $— |  |  | $12.2 |
Lease asset and liability modifications, net | 1.8 |  |  | 0.5 |
Non-cash investing and financing activities |  |  |
Transfer of finance lease liability to accounts payable and accrued expenses (2) | 4.2 |  |  | — |
(1) The total amount of lease asset and liability additions for the three months ended September 29, 2019 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. (2) In the first quarter of fiscal 2021, the Company executed the available bargain purchase option for certain finance leases relating to property and equipment, net, in order to purchase the assets. Accrued property and equipment as of September 27, 2020 and September 29, 2019 was $108.2 million and $8.8 million, respectively.

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