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Discontinued Operations (Tables) | 6 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | The following table presents the financial results of the RF Business as loss from discontinued operations, net of income taxes in the Company's consolidated statements of operations:
| Three months ended |  | Six months ended
(in millions of U.S. Dollars) | December 31, 2023 |  | December 25, 2022 |  | December 31, 2023 |  | December 25, 2022
Revenue, net | $26.8 |  |  | $42.3 |  |  | $59.6 |  |  | $94.2 |
Cost of revenue, net | 30.8 |  |  | 32.1 |  |  | 68.7 |  |  | 71.8 |
Gross (loss) profit | (4.0) |  |  | 10.2 |  |  | (9.1) |  |  | 22.4 |
Operating expenses: |  |  |  |  |  |  |
Research and development | 10.2 |  |  | 17.6 |  |  | 30.5 |  |  | 32.5 |
Sales, general and administrative | 6.2 |  |  | 5.3 |  |  | 13.9 |  |  | 10.3 |
Amortization of intangibles | — |  |  | 2.2 |  |  | 1.5 |  |  | 4.6 |
Loss on disposal of assets | 0.3 |  |  | — |  |  | 0.3 |  |  | — |
Other operating expense | 7.2 |  |  | 3.4 |  |  | 24.3 |  |  | 5.5 |
Operating loss | (27.9) |  |  | (18.3) |  |  | (79.6) |  |  | (30.5) |
Non-operating expense | — |  |  | 0.2 |  |  | — |  |  | — |
Loss before income taxes and loss on sale | (27.9) |  |  | (18.5) |  |  | (79.6) |  |  | (30.5) |
(Gain) loss on sale | (16.0) |  |  | — |  |  | 204.0 |  |  | — |
Loss before income taxes | (11.9) |  |  | (18.5) |  |  | (283.6) |  |  | (30.5) |
Income tax expense | 6.6 |  |  | 0.3 |  |  | 7.0 |  |  | 0.4 |
Net loss | ($18.5) |  |  | ($18.8) |  |  | ($290.6) |  |  | ($30.9) |
The following table presents the assets and liabilities of the RF Business classified as discontinued operations as of June 25, 2023:
(in millions of U.S. Dollars) |  |  | June 25, 2023
Assets (current and long-term) |  |  |
Inventories |  |  | 42.6 |
Other current assets |  |  | 0.2 |
Property and equipment, net |  |  | 25.9 |
Intangible assets, net |  |  | 91.9 |
Other assets |  |  | 6.7 |
Assets held for sale from discontinued operations |  |  | 167.3 |
Liabilities (current and long-term) |  |  |
Accounts payable and accrued expenses |  |  | 2.4 |
Accrued contract liabilities |  |  | 4.0 |
Finance lease liabilities |  |  | 0.1 |
Other current liabilities |  |  | 2.1 |
Other long-term liabilities |  |  | 5.3 |
Liabilities held for sale of discontinued operations |  |  | 13.9 |

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