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Earnings Per Share
9 Months Ended
Mar. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
Note 4. Earnings Per Share
The following table sets forth the computation of basic and diluted net loss per share (in millions, except per share data):
 
Three Months Ended
 
Nine Months Ended
 
March 30, 2019
 
March 31, 2018
 
March 30, 2019
 
March 31, 2018
Numerator:
 

 
 

 
 
 
 
Loss from continuing operations, net of taxes
$
(4.8
)
 
$
(10.7
)
 
$
(4.7
)
 
$
(19.4
)
Loss from discontinued operations, net of taxes

 

 
(2.4
)
 

Net loss
$
(4.8
)
 
$
(10.7
)
 
$
(7.1
)
 
$
(19.4
)
Denominator:
 
 
 
 
 
 
 
Weighted-average shares outstanding:
 
 
 
 
 
 
 
Basic and diluted
228.3

 
226.3

 
227.9

 
227.3

 
 
 
 
 
 
 
 
Net loss per share - basic and dilutive:
 
 
 
 
 
 
 
Continuing operations
$
(0.02
)
 
$
(0.05
)
 
$
(0.02
)
 
$
(0.09
)
Discontinued operations

 

 
(0.01
)
 

Net loss per share - basic and dilutive
$
(0.02
)
 
$
(0.05
)
 
$
(0.03
)
 
$
(0.09
)

The following table sets forth the weighted-average potentially dilutive securities excluded from the computation of the diluted net loss per share because their effect would have been anti-dilutive (in millions):
 
Three Months Ended
 
Nine Months Ended
 
March 30, 2019
 
March 31, 2018
 
March 30, 2019
 
March 31, 2018
 
(1) (3) (4) 
 
(1) (2) (3) 
 
(1) (2) (3) (4) 
 
(1) (2) (3) 
Stock options and ESPP
1.5

 
1.6

 
1.5

 
1.6

Restricted stock units
7.9

 
6.8

 
7.7

 
7.5

Total potentially dilutive securities
9.4

 
8.4

 
9.2

 
9.1


(1) 
As the Company incurred a loss from continuing operations in the period, potential dilutive securities from employee stock options, ESPP, RSUs and PSUs have been excluded from the diluted net loss per share computations as their effects were deemed anti-dilutive.
(2) 
The Company’s 0.625% Senior Convertible Notes due 2033 are not included in the table above. In October 2018, the 2033 Notes were fully converted and redeemed by the Company and any potential EPS dilution effect of the Notes was realized upon the Company settling the “in-the-money” conversion benefit feature of the Notes with shares of common stock. Refer to “Note 11. Debt” for more details.
(3) 
The Company’s 1.00% Senior Convertible Notes due 2024 are not included in the table above. The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the-money” conversion benefit feature at the conversion price above $13.22 per share payable in cash, shares of the Company’s common stock or a combination of both at the Company’s election. The Company’s average quarterly stock price for the periods presented did not exceed the conversion price of $13.22. Refer to “Note 11. Debt” for more details.
(4) 
The Company’s 1.75% Senior Convertible Notes due 2023 are not included in the table above. The par amount of convertible notes is payable in cash equal to the principle amount of the notes plus any accrued and unpaid interest and then the “in-the money” conversion benefit feature at the conversion price above $13.94 per share payable in cash, shares of the Company’s common stock or a combination of both at the Company’s election. The Company’s average quarterly stock price for the periods presented did not exceed the conversion price of $13.94. Refer to “Note 11. Debt” for more details.