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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Oct. 01, 2022
Oct. 02, 2021
OPERATING ACTIVITIES:    
Net income (loss) $ 32.6 $ (54.8)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation expense 8.5 8.9
Amortization of acquired technologies and other intangibles 9.3 10.6
Stock-based compensation 13.0 13.6
Loss on convertible note settlement 0.0 85.9
Amortization of debt issuance costs 0.6 0.5
Deferred taxes, net 2.1 0.2
Gain on legal settlement (6.7) 0.0
Other 0.8 1.3
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 11.3 10.9
Inventories (6.6) (10.3)
Other current and non-currents assets 4.0 (7.4)
Accounts payable 5.4 3.4
Income taxes payable (10.4) 0.0
Deferred revenue, current and non-current (6.6) (3.8)
Accrued payroll and related expenses (25.7) (9.6)
Accrued expenses and other current and non-current liabilities (5.0) 4.0
Net cash provided by operating activities 26.6 53.4
INVESTING ACTIVITIES:    
Capital expenditures (14.8) (15.7)
Proceeds from the sale of assets 0.6 2.1
Acquisitions, net of cash hold back (15.5) (1.2)
Net cash used in investing activities (29.7) (14.8)
FINANCING ACTIVITIES:    
Proceeds from issuance of 3.75% senior notes 0.0 400.0
Payment of debt issuance costs 0.0 (4.9)
Repurchase and retirement of common stock (18.7) (8.8)
Withholding tax payment on vesting of restricted stock and performance based-awards (11.1) (7.2)
Proceeds from employee stock purchase plan 3.7 3.7
Proceeds from revolving credit facility 0.0 150.0
Repayment of revolving credit facility 0.0 (150.0)
Payment of acquisition related holdback (0.3) 0.0
Payment of acquired debt (0.4) 0.0
Net cash (used in) provided by financing activities (26.8) 182.8
Effect of exchange rates on cash, cash equivalents and restricted cash (17.9) (3.1)
Net (decrease) increase in cash, cash equivalents and restricted cash (47.8) 218.3
Cash, cash equivalents and restricted cash at the beginning of the period [1] 572.8 708.4
Cash, cash equivalents and restricted cash at the end of the period [2] 525.0 926.7
Note holders    
FINANCING ACTIVITIES:    
Cash paid in convertible note settlement 0.0 (196.5)
Third parties    
FINANCING ACTIVITIES:    
Cash paid in convertible note settlement $ 0.0 $ (3.5)
[1] These amounts include both current and non-current balances of restricted cash totaling $12.9 million and $10.6 million as of July 2, 2022 and July 3, 2021, respectively.
[2] These amounts include both current and non-current balances of restricted cash totaling $12.4 million and $11.1 million as of October 1, 2022 and October 2, 2021, respectively.