Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 26, 2021

Accounting Policies [Abstract]

Accounts Receivable Balance Percentage of Different Customers

The following customers accounted for more than 10% of our accounts receivable balance as of the end of fiscal 2021 and 2020:

	2021	2020
Customer A	15%	*
Customer B	12%	18%
Customer C	*	21%

* Less than 10%

Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value as of the end of fiscal 2021 and 2020, and consisted of the following (in millions):

	2021		2020
Raw materials and work-in-progress	$	49.1	$	53.6
Finished goods		32.9		48.4
	$	82.0	$	102.0

Schedule of Changes in Goodwill

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired.  Changes in our goodwill balance for fiscal 2021 and 2020 were as follows (in millions):

	2021		2020
Beginning balance	$	360.8	$	372.8
Acquisition activity		209.2		—
Goodwill allocated to sale of product line		—		(12.0	)
Ending balance	$	570.0	$	360.8

Other Accrued Liabilities

As of the end of fiscal 2021 and 2020, other accrued liabilities consisted of the following (in millions):

	2021		2020
Customer obligations	$	43.1	$	29.0
Inventory obligations		17.0		27.9
Warranty		5.4		3.9
Other		30.7		30.2
	$	96.2	$	91.0

Other Long-Term Accrued Liabilities

As of the end of fiscal 2021 and 2020, other long-term accrued liabilities consisted of the following (in millions):

	2021		2020
Income taxes payable, long-term	$	15.4	$	16.4
Non-current deferred tax liability		27.1		—
Operating lease liabilities, long-term		24.0		14.6
Other		12.0		13.0
	$	78.5	$	44.0