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Stock-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Awards and Restricted Stock Unit Awards Outstanding
A summary of nonvested restricted stock units (RSUs) outstanding as of June 30, 2024 and changes during the year then ended is as follows (shares in thousands):
Number of RSUsWeighted Average Grant-Date Fair Value
Nonvested at June 25, 20232,340 $85.32 
Granted2,136 61.28 
Vested(1,014)76.86 
Forfeited(424)77.47 
Nonvested at June 30, 20243,038 $72.33 
Schedule of Total Stock-Based Compensation Expense
Total stock-based compensation expense was classified in the consolidated statements of operations as follows:
Fiscal Years Ended
(in millions of U.S. Dollars)June 30, 2024June 25, 2023June 26, 2022
Cost of revenue, net$28.5 $20.3 $14.9 
Research and development11.4 11.2 6.5 
Sales, general and administrative45.0 41.2 32.3 
Total stock-based compensation expense$84.9 $72.7 $53.7 
Schedule of Weighted Average Assumptions Utilized to Value Stock-Based Compensation
The range of assumptions used to value stock issued under the ESPP were as follows:
 Fiscal Years Ended
June 30, 2024June 25, 2023June 26, 2022
Risk-free interest rate
5.44 - 5.54%
4.57 - 5.06%
0.03 - 2.10%
Expected life, in years
0.5 - 1.0
0.5 - 1.0
0.5 - 1.0
Volatility
73.5 - 74.4%
66.8 - 86.2%
60.6 - 69.4%
Dividend yield— — — 
The range of assumptions used for performance-based awards with market conditions were as follows:
 Fiscal Years Ended
June 30, 2024June 25, 2023June 26, 2022
Risk-free interest rate
4.52%
 2.80%
0.35%
Expected life, in years
3.0
3.0
3.0
Average volatility of peer companies
65.9%
 68.8%
65.0%
Average correlation coefficient of peer companies
0.44
 0.48
0.47
Dividend yield— — —