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Discontinued Operations (Tables)
 12 Months Ended
Jun. 28, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The Company has classified the results of the Lighting Products business unit as discontinued operations, the results of which for the fiscal years ended June 30, 2019 and June 24, 2018 are as follows:
Fiscal Years Ended
June 30, 2019June 24, 2018
(in millions of U.S. Dollars)
Revenue, net$419.8 $568.8 
Cost of revenue, net324.3 463.2 
Gross profit95.5 105.6 
Research and development37.1 35.9 
Sales, general and administrative100.6 97.6 
Amortization or impairment of acquisition-related intangibles116.4 23.6 
Goodwill impairment charges90.3 247.5 
Loss on disposal or impairment of long-lived assets2.0 2.1 
Operating loss(250.9)(301.1)
Non-operating income— (1.3)
Loss before income taxes and loss on sale(250.9)(299.8)
Loss on sale66.2 — 
Loss before income taxes(317.1)(299.8)
Income tax expense (benefit)0.1 (36.3)
Net loss($317.2)($263.5)
The following table presents the financial results of the LED Business as income (loss) from discontinued operations, net of income taxes in the Company's consolidated statements of operations:
Fiscal Years Ended
June 28, 2020June 30, 2019June 24, 2018
(in millions of U.S. Dollars)
Revenue, net$433.2 $541.8 $596.3 
Cost of revenue, net343.4 394.5 439.3 
Gross profit89.8 147.3 157.0 
Operating expenses:
Research and development32.2 36.8 37.5 
Sales, general and administrative29.7 31.8 26.5 
(Income) loss on disposal or impairment of other assets(0.1)(0.3)0.5 
Other operating expense13.3 1.4 — 
Operating income14.7 77.6 92.5 
Non-operating income(0.5)(0.1)— 
Income before income taxes15.2 77.7 92.5 
Income tax expense8.2 17.1 34.0 
Net income7.0 60.6 58.5 
Net income attributable to noncontrolling interest1.1 — 0.1 
Net income attributable to controlling interest$5.9 $60.6 $58.4 
The following table presents the assets and liabilities of the LED Business classified as discontinued operations:
Fiscal Years Ended
June 28, 2020June 30, 2019
(in millions of U.S. Dollars)
Assets
Short-term investments12.0 9.4 
Accounts receivable, net41.6 59.7 
Inventories57.2 75.6 
Prepaid expenses0.1 0.1 
Other current assets5.1 6.4 
Current assets of discontinued operations116.0 151.2 
Property and equipment, net60.3 64.6 
Goodwill180.3 180.3 
Intangible assets, net22.7 23.8 
Deferred income taxes5.1 4.7 
Other assets1.7 — 
Long-term assets of discontinued operations270.1 273.4 
Liabilities
Accounts payable and accrued expenses31.0 36.4 
Accrued contract liabilities24.1 30.7 
Income tax payable2.0 1.7 
Other current liabilities3.1 2.7 
Current liabilities of discontinued operations60.2 71.5 
Other long-term liabilities9.8 7.6 
Long-term liabilities of discontinued operations9.8 7.6