XML 107 R93.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes - Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Jun. 27, 2021
Jun. 28, 2020
Deferred tax assets:    
Compensation $ 10.4 $ 4.4
Inventories 13.6 7.9
Sales return reserve and allowance for bad debts 2.3 2.6
Federal and state net operating loss carryforwards 360.6 180.1
Federal credits 42.1 30.3
State credits 1.2 1.9
48C investment tax credits 36.6 37.5
Investments 0.3 0.0
Stock-based compensation 6.1 8.3
Deferred revenue 26.3 23.1
Lease liabilities 6.2 6.5
Other 4.5 5.0
Total gross deferred assets 510.2 307.6
Less valuation allowance (414.4) (208.5)
Deferred tax assets, net 95.8 99.1
Deferred tax liabilities:    
Property and equipment (36.9) (27.8)
Intangible assets (16.6) (19.2)
Investments 1.1 1.6
Prepaid taxes and other (0.7) (0.7)
Foreign earnings recapture 0.0 (2.0)
Taxes on unremitted foreign earnings (1.5) 0.0
Lease assets (6.1) (6.3)
Convertible notes (34.4) (42.1)
Total gross deferred liability (97.3) (99.7)
Deferred tax liability, net $ (1.5) $ (0.6)