
(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


(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


(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


(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


	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, 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.

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.


	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.


	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.