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Financial Statement Details (Tables) | 3 Months Ended
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Sep. 26, 2021
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 26, 2021 |  | June 27, 2021
Billed trade receivables | $106.0 |  |  | $95.6 |
Unbilled contract receivables | 0.9 |  |  | 0.6 |
Royalties | 0.4 |  |  | 0.5 |
| 107.3 |  |  | 96.7 |
Allowance for bad debts | (0.9) |  |  | (0.8) |
Accounts receivable, net | $106.4 |  |  | $95.9 |
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 26, 2021
Balance at beginning of period | $0.8 |
Current period provision change | 0.1 |
Write-offs, net of recoveries | — |
Balance at end of period | $0.9 |
Schedule of Inventories | Inventories consisted of the following:
(in millions of U.S. Dollars) | September 26, 2021 |  | June 27, 2021
Raw material | $46.8 |  |  | $43.3 |
Work-in-progress | 121.6 |  |  | 109.5 |
Finished goods | 14.6 |  |  | 13.8 |
Inventories | $183.0 |  |  | $166.6 |
Schedule of Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses consisted of the following:
(in millions of U.S. Dollars) | September 26, 2021 |  | June 27, 2021
Accounts payable, trade | $38.2 |  |  | $44.2 |
Accrued salaries and wages | 60.2 |  |  | 69.5 |
Accrued property and equipment | 128.9 |  |  | 248.3 |
Accrued expenses | 19.5 |  |  | 17.4 |
Other | 0.9 |  |  | 1.7 |
Accounts payable and accrued expenses | $247.7 |  |  | $381.1 |
Schedule of Other Operating Expense | Other operating expense consisted of the following:
|  |  | Three months ended
(in millions of U.S. Dollars) |  |  |  |  | September 26, 2021 |  | September 27, 2020
Factory optimization restructuring |  |  |  |  | $2.6 |  |  | $1.6 |
Severance and other restructuring |  |  |  |  | — |  |  | 2.8 |
Total restructuring costs |  |  |  |  | 2.6 |  |  | 4.4 |
Project, transformation and transaction costs |  |  |  |  | 1.6 |  |  | 1.2 |
Factory optimization start-up costs |  |  |  |  | 8.6 |  |  | 3.0 |
Other operating expense |  |  |  |  | $12.8 |  |  | $8.6 |
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 26, 2021 |  | September 27, 2020
Foreign currency gain, net |  |  |  |  | ($0.1) |  |  | ($0.2) |
Gain on sale of investments, net |  |  |  |  | (0.2) |  |  | — |
Loss on equity investment, net |  |  |  |  | — |  |  | 3.4 |
Interest income |  |  |  |  | (2.6) |  |  | (2.7) |
Interest expense, net of capitalized interest |  |  |  |  | 6.7 |  |  | 13.1 |
Loss on Wafer Supply Agreement |  |  |  |  | 0.8 |  |  | — |
Other, net |  |  |  |  | (0.5) |  |  | 0.3 |
Non-operating expense, net |  |  |  |  | $4.1 |  |  | $13.9 |
Schedule of Noncash Operating Activities |
| Three months ended
| September 26, 2021 |  | September 27, 2020
Lease asset and liability additions | $3.5 |  |  | $1.1 |
Lease asset and liability modifications, net | 2.6 |  |  | 0.1 |
Transfer of finance lease liability to accounts payable and accrued expenses (1) | — |  |  | 4.2 |
Decrease in property, plant and equipment from long-term incentive related receivables | 23.2 |  |  | — |
(1) 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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