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Discontinued Operations (Tables) | 12 Months Ended
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Jun. 25, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | In addition to the $94.2 million net gain from discontinued operations recognized in fiscal year ended June 26, 2022 as a result of receiving the Earnout Note, the following table presents the financial results of the LED Business as loss from discontinued operations, net of income taxes in the Company's consolidated statements of operations for the fiscal year ended June 27, 2021:
|  |  |  |  | Fiscal Year Ended
(in millions of U.S. Dollars) |  |  |  |  | June 27, 2021
Revenue, net |  |  |  |  | $272.8 |
Cost of revenue, net |  |  |  |  | 213.3 |
Gross profit |  |  |  |  | 59.5 |
Operating expenses: |  |  |  |  |
Research and development |  |  |  |  | 22.3 |
Sales, general and administrative |  |  |  |  | 29.4 |
Goodwill impairment |  |  |  |  | 112.6 |
Impairment on assets held for sale |  |  |  |  | 19.5 |
Gain on disposal or impairment of long-lived assets |  |  |  |  | (1.6) |
Other operating expense |  |  |  |  | 18.7 |
Operating loss |  |  |  |  | (141.4) |
Non-operating income |  |  |  |  | (0.3) |
Loss before income taxes and loss on sale |  |  |  |  | (141.1) |
Loss on sale |  |  |  |  | 29.1 |
Loss before income taxes |  |  |  |  | (170.2) |
Income tax expense |  |  |  |  | 11.0 |
Net loss |  |  |  |  | (181.2) |
Net income attributable to noncontrolling interest |  |  |  |  | 1.4 |
Net loss attributable to controlling interest |  |  |  |  | ($182.6) |

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