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Recently Issued Accounting Pronouncements (Tables)
 9 Months Ended
Mar. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following table presents the impact of the revenue standard adoption, to select line items of our Consolidated Balance Sheet as of June 30, 2018, (in millions):
 
June 30, 2018
 
As Reported
 
Adjustment
 
As Adjusted
ASSETS
 
 
 
 
 
Accounts receivable, net
$
217.5

 
$
1.1

 
$
218.6

Prepayments and other assets
54.8

 
1.5

 
56.3

Deferred income taxes
114.5

 
(0.2
)
 
114.3

Other non-current assets
13.6

 
1.8

 
15.4

Total assets
$
2,022.6

 
$
4.2

 
$
2,026.8

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
Deferred revenue
$
71.9

 
$
(11.3
)
 
$
60.6

Accrued payroll and related expenses
51.4

 
1.4

 
52.8

Other current liabilities
77.0

 
1.9

 
78.9

Other non-current liabilities
182.8

 
(2.0
)
 
180.8

Total stockholders’ equity
720.7

 
14.2

 
734.9

Total liabilities and stockholders’ equity
$
2,022.6

 
$
4.2

 
$
2,026.8

The following table presents the impact of the revenue standard adoption to select line items of our previously reported Consolidated Statement of Operations for the three and nine months ended March 31, 2018 (in millions, except per share data):
 
Three Months Ended March 31, 2018
 
Nine Months Ended March 31, 2018
 
As Reported
 
Adjustment
 
As Adjusted
 
As Reported
 
Adjustment
 
As Adjusted
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Product revenue
$
197.2

 
$
(4.0
)
 
$
193.2

 
$
546.6

 
$
(7.0
)
 
$
539.6

Service revenue
22.2

 
3.3

 
25.5

 
69.8

 
5.6

 
75.4

Total net revenue
219.4

 
(0.7
)
 
218.7

 
616.4

 
(1.4
)
 
615.0

Cost of revenues:
 
 
 
 
 
 
 
 
 
 
 
Product cost of revenue
79.2

 
(1.9
)
 
77.3

 
212.3

 
(2.9
)
 
209.4

Service cost of revenue
10.3

 
1.6

 
11.9

 
33.7

 
2.1

 
35.8

Amortization of acquired technologies
6.2

 
—

 
6.2

 
14.4

 
—

 
14.4

Total cost of revenue
95.7

 
(0.3
)
 
95.4

 
260.4

 
(0.8
)
 
259.6

Gross profit
123.7

 
(0.4
)
 
123.3

 
356.0

 
(0.6
)
 
355.4

Income from operations
0.4

 
—

 
0.4

 
14.1

 
(0.1
)
 
14.0

Loss before taxes
(7.6
)
 
—

 
(7.6
)
 
(15.0
)
 
(0.1
)
 
(15.1
)
Provision for income taxes
1.1

 
2.0

 
3.1

 
2.2

 
2.1

 
4.3

Net loss
$
(8.7
)
 
$
(2.0
)
 
$
(10.7
)
 
$
(17.2
)
 
$
(2.2
)
 
$
(19.4
)
 
 
 
 
 
 
 
 
 
 
 
 
Net loss per common share:
 
 
 
 
 
 
 
 
 
 
 
Basic and dilutive
$
(0.04
)
 
$
(0.01
)
 
$
(0.05
)
 
$
(0.08
)
 
$
(0.01
)
 
$
(0.09
)
 
 
 
 
 
 
 
 
 
 
 
 
Shares used in per share calculations:
 
 
 
 
 
 
 
 
 
 
 
Basic and dilutive
226.3

 

 
226.3

 
227.3

 

 
227.3