XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]      
Net revenue $ 1,339.6 $ 1,333.9 $ 1,472.2
Cost of revenue 728.4 790.8 975.1
Gross margin 611.2 543.1 497.1
Operating expenses:      
Research and development 313.4 302.5 342.7
Selling, general, and administrative 144.9 127.0 131.3
Acquired intangibles amortization 32.7 11.7 11.7
Restructuring costs 7.4 33.0 17.7
Gain on sale of audio technology assets (34.2)    
Total operating expenses 464.2 474.2 503.4
Operating income/(loss) 147.0 68.9 (6.3)
Interest and other income 2.9 7.9 3.9
Interest expense (29.5) (22.5) (21.2)
Loss on redemption of convertible notes (0.3)    
Gain on sale of assets   105.1  
Impairment recovery on investments, net     2.8
Income/(loss) before provision for income taxes and equity investment loss 120.1 159.4 (20.8)
Provision for income taxes 31.4 38.6 0.3
Equity investment loss (9.1) (2.0) (1.8)
Net income/(loss) $ 79.6 $ 118.8 $ (22.9)
Net income/(loss) per share:      
Basic $ 2.29 $ 3.54 $ (0.66)
Diluted $ 2.08 $ 3.41 $ (0.66)
Shares used in computing net income/(loss) per share:      
Basic 34.8 33.6 34.6
Diluted 38.3 34.8 34.6