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Discontinued Operations (Tables)
6 Months Ended
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 endedSix months ended
(in millions of U.S. Dollars)December 31, 2023December 25, 2022December 31, 2023December 25, 2022
Revenue, net$26.8 $42.3 $59.6 $94.2 
Cost of revenue, net30.8 32.1 68.7 71.8 
Gross (loss) profit(4.0)10.2 (9.1)22.4 
Operating expenses:
Research and development10.2 17.6 30.5 32.5 
Sales, general and administrative6.2 5.3 13.9 10.3 
Amortization of intangibles— 2.2 1.5 4.6 
Loss on disposal of assets0.3 — 0.3 — 
Other operating expense7.2 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 expense6.6 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)
Inventories42.6 
Other current assets0.2 
Property and equipment, net25.9 
Intangible assets, net91.9 
Other assets6.7 
Assets held for sale from discontinued operations167.3 
Liabilities (current and long-term)
Accounts payable and accrued expenses2.4 
Accrued contract liabilities4.0 
Finance lease liabilities0.1 
Other current liabilities2.1 
Other long-term liabilities5.3 
Liabilities held for sale of discontinued operations13.9