Stockholders' Equity

9 Months Ended

Mar. 29, 2014

Stockholders' Equity

Stockholders' Equity

Note 13. Stockholders’ Equity

Repurchase of Common Stock

During the first quarter of fiscal 2014, the Company repurchased 7.4 million shares of its outstanding common stock at $13.45 per share in privately negotiated transactions. The total purchase price of $100.0 million was reflected as a decrease to common stock based on the stated par value per share with the remainder charged to accumulated deficit. All common shares repurchased under this program have been cancelled and retired.