v3.26.1
Acquisitions (Tables)
 12 Months Ended
Jun. 27, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table presents the preliminary allocation of the purchase price (in millions):
Amount
Inventory, net$7.7 
Prepayments and other current assets1.0 
Property, plant and equipment, net2.9 
Goodwill(1)
111.5 
Identified intangible assets acquired314.2 
Other non-current assets1.7 
Deferred revenue(2)
(25.6)
Accrued payroll and related expenses(0.8)
Other current liabilities(3.9)
Other non-current liabilities(3)
(9.4)
  Total purchase consideration$399.3 
(1)Goodwill at acquisition date of $111.3 million increased by $0.2 million for measurement period adjustments.
(2)Represents the current portion of deferred revenue.
(3)Includes long-term deferred revenue of $8.2 million.
The following table presents the allocation of the purchase price (in millions):
Amount
Cash and cash equivalents$16.5 
Accounts receivable, net8.1 
Inventory, net26.0 
Prepayments and other current assets1.1 
Property, plant and equipment, net1.9 
Goodwill(1)
130.3 
Identified intangible assets acquired117.6 
Other non-current assets1.9 
Accounts payable(1.4)
Accrued payroll and related expenses(0.5)
Deferred revenue(0.3)
Accrued expenses(3.5)
Other non-current liabilities(2)
(27.1)
  Total purchase consideration$270.6 
(1) Goodwill at acquisition date of $129.7 million increased by $0.6 million for purchase price and measurement period adjustments.
(2) Includes $25.0 million of deferred tax liability and $0.9 million of liability related to uncertain tax positions.
Business Combination, Intangible Asset, Acquired, Finite-Lived
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except useful lives):
Estimated Useful LifeAmount
Customer relationships9 years$162.3 
Developed technology5 years134.8 
Backlog2 years10.1 
Trade name6 years7.0 
  Total identifiable intangible assets acquired$314.2 
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except useful lives):
Estimated Useful LifeAmount
Developed technology
4 to 7 years
$102.0 
Customer relationships6 years9.6 
Tradename3 years0.8 
Backlog2 years5.2 
  Total identifiable intangible assets acquired$117.6