v3.26.1
Net (Loss) Income Per Share
12 Months Ended
Jun. 27, 2026
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share Net (Loss) Income Per Share
The computation of basic and diluted net (loss) income per share was as follows:
202620252024
Numerator:
Net (loss) income$(490.8)$(47.8)$125.6 
Denominator:
Shares, basic38.939.339.2
Effect of dilutive share-based awards and convertible notes0.00.00.5
Shares, diluted38.939.339.7
Net (loss) income per share:
Basic$(12.62)$(1.22)$3.20 
Diluted$(12.62)$(1.22)$3.16 
Our basic net income per share amounts for each period presented have been computed using the weighted average number of shares of common stock outstanding. Our diluted net income per share amounts for each period presented include the weighted average effect of potentially dilutive shares. For a period in which we report a net income, we use the “treasury stock” method to determine the dilutive effect of outstanding share-based awards. For a period in which we report a net loss, all potentially dilutive shares are excluded from the computation of diluted net loss per share as their inclusion would be anti-dilutive. We use the if-converted method for calculating any potential dilutive effect of our 2031 Notes. The anti-dilutive shares that were excluded from the computation of diluted net loss per share were 3.1 million, 3.3 million, and 0.2 million shares in fiscal 2026, 2025 and 2024, respectively.