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Financial Statement Details (Tables)

3 Months Ended

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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