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Financial Statement Details (Tables)

3 Months Ended

Sep. 27, 2020

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)			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

Schedule of Allowance for Bad Debts

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

Schedule of 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

Schedule of 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

Schedule of 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

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)			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.

Schedule of Non-Operating Expense (Income), 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)

Schedule of Noncash Operating 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.

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