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Quarterly Results of Operations - Unaudited
12 Months Ended
Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations - Unaudited Quarterly Results of Operations - Unaudited
The following is a summary of the Company’s consolidated quarterly results of operations for each of the fiscal years ended June 30, 2019 and June 24, 2018:
(in millions of U.S. Dollars, except share data)
September 23,
2018
 
December 30,
2018
 
March 31,
2019
 
June 30,
2019
 
Fiscal Year 2019
Revenue, net

$274.2

 

$280.5

 

$274.1

 

$251.2

 

$1,080.0

Cost of revenue, net
175.9

 
177.0

 
173.6

 
162.5

 
689.0

Gross profit
98.3

 
103.5

 
100.5

 
88.7

 
391.0

Net loss from continuing operations
(0.8
)
 
(0.2
)
 
(22.3
)
 
(34.6
)
 
(57.9
)
Net loss from discontinued operations
(10.3
)
 
(2.3
)
 
(205.4
)
 
(99.2
)
 
(317.2
)
Net loss
(11.1
)
 
(2.5
)
 
(227.7
)
 
(133.8
)
 
(375.1
)
Net income (loss) attributable to noncontrolling interest

 

 
0.1

 
(0.1
)
 

Net loss attributable to controlling interest
(11.1
)
 
(2.5
)
 
(227.8
)
 
(133.7
)
 
(375.1
)
Basic loss per share:
 
 
 
 
 
 
 
 
 
Continuing operations attributable to controlling interest

($0.01
)
 

$—

 

($0.22
)
 

($0.33
)
 

($0.56
)
Net loss attributable to controlling interest

($0.11
)
 

($0.02
)
 

($2.20
)
 

($1.26
)
 

($3.62
)
 
 
 
 
 
 
 
 
 
 
Diluted loss per share:
 
 
 
 
 
 
 
 
 
Continuing operations attributable to controlling interest

($0.01
)
 

$—

 

($0.22
)
 

($0.33
)
 

($0.56
)
Net loss attributable to controlling interest

($0.11
)
 

($0.02
)
 

($2.20
)
 

($1.26
)
 

($3.62
)
 
 
 
 
 
 
 
 
 
 
(in millions of U.S. Dollars, except share data)
September 24,
2017
 
December 24,
2017
 
March 25,
2018
 
June 24,
2018
 
Fiscal Year 2018
Revenue, net

$210.7

 

$223.2

 

$225.2

 

$265.8

 

$924.9

Cost of revenue, net
141.7

 
152.9

 
150.1

 
178.2

 
622.9

Gross profit
69.0

 
70.3

 
75.1

 
87.6

 
302.0

Net (loss) income from continuing operations
(9.6
)
 
32.0

 
(9.9
)
 
(28.9
)
 
(16.4
)
Net loss from discontinued operations
(10.4
)
 
(18.3
)
 
(230.4
)
 
(4.4
)
 
(263.5
)
Net (loss) income
(20.0
)
 
13.7

 
(240.3
)
 
(33.3
)
 
(279.9
)
Net income attributable to noncontrolling interest

 

 
0.1

 

 
0.1

Net (loss) income attributable to controlling interest
(20.0
)
 
13.7

 
(240.4
)
 
(33.3
)
 
(280.0
)
Basic (loss) earnings per share:
 
 
 
 
 
 
 
 
 
Continuing operations attributable to controlling interest

($0.10
)
 

$0.32

 

($0.10
)
 

($0.29
)
 

($0.17
)
Net (loss) income attributable to controlling interest

($0.20
)
 

$0.14

 

($2.40
)
 

($0.33
)
 

($2.81
)
 
 
 
 
 
 
 
 
 
 
Diluted (loss) earnings per share:
 
 
 
 
 
 
 
 
 
Continuing operations attributable to controlling interest

($0.10
)
 

$0.32

 

($0.10
)
 

($0.29
)
 

($0.17
)
Net (loss) income attributable to controlling interest

($0.20
)
 

$0.14

 

($2.40
)
 

($0.33
)
 

($2.81
)

The Company will revise the Unaudited Consolidated Statements of Cash Flows for the year to date periods ended September 23, 2018, December 30, 2018 and March 31, 2019 to correct the presentation of tax withholding for stock option exercises within the Company's future fiscal 2020 unaudited interim consolidated financial statements on Form 10-Q. The revisions will result in an increase to net cash provided by operating activities of $10.8 million, $11.9 million, and $12.4 million, and a decrease to net cash provided by (used in) financing activities by the same amounts for the year to date periods ended September 23, 2018, December
30, 2018 and March 31, 2019, respectively. The Company concluded these errors were not material individually or in the aggregate to any of the periods impacted.