v3.26.3
Acquisitions (Tables)
 3 Months Ended
Oct. 03, 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 total purchase consideration was allocated to tangible and intangible assets acquired based on the preliminary fair value on the acquisition date. The following table presents the preliminary allocation of the purchase price (in millions):
Amount
Accounts receivable, net$0.1 
Inventory, net0.2 
Goodwill4.5 
Identified intangible assets acquired13.4 
  Total purchase consideration$18.2 
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
Developed technology8 years$6.8 
Customer relationships8 years6.6 
  Total identifiable intangible assets acquired$13.4 
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