0001564590-20-051445 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 26, 2020	Oct. 29, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 26, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Trading Symbol	SYNA
Entity Registrant Name	SYNAPTICS INCORPORATED
Entity Central Index Key	0000817720
Current Fiscal Year End Date	--06-27
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		34,518,242
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $.001 per share
Security Exchange Name	NASDAQ
Entity File Number	000-49602
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0118518
Entity Address, Address Line One	1251 McKay Drive
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95131
City Area Code	408
Local Phone Number	904-1100
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Current Assets:
Cash and cash equivalents	$ 180.2	$ 763.4
Short-term investments	63.7
Accounts receivable, net of allowances of $5.8 at September 2020 and June 2020	227.8	195.3
Inventories	114.6	102.0
Prepaid expenses and other current assets	33.7	16.9
Total current assets	620.0	1,077.6
Property and equipment at cost, net of accumulated depreciation of $135.1 and $131.2 at September 2020 and June 2020, respectively	90.5	84.3
Goodwill	570.9	360.8
Acquired intangibles, net	386.2	93.4
Non-current other assets	107.3	77.7
Total assets	1,774.9	1,693.8
Current Liabilities:
Accounts payable	77.2	60.6
Accrued compensation	60.5	59.5
Income taxes payable	17.2	33.0
Other accrued liabilities	102.6	91.0
Total current liabilities	257.5	244.1
Long-term debt	100.0	100.0
Convertible notes, net	491.4	486.6
Other long-term liabilities	87.3	44.0
Total liabilities	936.2	874.7
Stockholders' Equity:
$0.001 par value; 120,000,000 shares authorized, 66,168,565 and 65,871,648 shares issued, and 34,419,370 and 34,122,453 shares outstanding, at September 2020 and June 2020, respectively	0.1	0.1
Additional paid-in capital	1,362.6	1,340.2
Treasury stock: 31,749,195 common treasury shares at September 2020 and June 2020, at cost	(1,222.6)	(1,222.6)
Retained earnings	698.6	701.4
Total stockholders' equity	838.7	819.1
Liabilities and stockholders' equity	$ 1,774.9	$ 1,693.8

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 5.8	$ 5.8
Property and equipment, accumulated depreciation	$ 135.1	$ 131.2
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	66,168,565	65,871,648
Common stock, shares outstanding	34,419,370	34,122,453
Common treasury shares	31,749,195	31,749,195

Condensed Consolidated Statements of Comprehensive Income/(Loss) (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Net revenue	$ 328.4	$ 339.9
Cost of revenue	193.9	213.7
Gross margin	134.5	126.2
Operating expenses:
Research and development	80.9	86.0
Selling, general, and administrative	35.3	27.5
Acquired intangibles amortization	6.7	2.9
Restructuring costs	5.6	6.6
Total operating expenses	128.5	123.0
Operating income	6.0	3.2
Interest and other expense, net	(4.7)	(3.6)
Income/(loss) before provision/(benefit) for income taxes and equity investment loss	1.3	(0.4)
Provision/(benefit) for income taxes	3.6	(4.9)
Equity investment loss	(0.5)	(0.5)
Net income/(loss) and Comprehensive income/(loss)	$ (2.8)	$ 4.0
Net income/(loss) per share:
Basic	$ (0.08)	$ 0.12
Diluted	$ (0.08)	$ 0.12
Shares used in computing net income/(loss) per share:
Basic	34.2	33.0
Diluted	34.2	33.6

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Cumulative Effect of Changes in Accounting Principles [Member]	As Adjusted [Member]	Common Stock [Member]	Common Stock [Member] As Adjusted [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] As Adjusted [Member]	Treasury Stock [Member]	Treasury Stock [Member] As Adjusted [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect of Changes in Accounting Principles [Member]	Retained Earnings [Member] As Adjusted [Member]
Balance, value at Jun. 30, 2019	$ 657.3	$ (0.9)	$ 656.4	$ 0.1	$ 0.1	$ 1,266.1	$ 1,266.1	$ (1,192.4)	$ (1,192.4)	$ 583.5	$ (0.9)	$ 582.6
Balance, shares at Jun. 30, 2019				64,283,948	64,283,948
Net income/(loss)	4.0									4.0
Issuance of common stock for share- based award compensation plans	1.7					1.7
Issuance of common stock for share-based award compensation plans, shares				209,110
Payroll taxes for deferred stock units	(1.5)					(1.5)
Purchases of treasury stock	(17.0)							(17.0)
Share-based compensation	11.2					11.2
Balance, value at Sep. 30, 2019	654.8			$ 0.1		1,277.5		(1,209.4)		586.6
Balance, shares at Sep. 30, 2019				64,493,058
Balance, value at Jun. 30, 2020	819.1		$ 819.1		$ 0.1		$ 1,340.2		$ (1,222.6)			$ 701.4
Balance, shares at Jun. 30, 2020					65,871,648
Net income/(loss)	(2.8)									(2.8)
Issuance of common stock for share- based award compensation plans	10.4					10.4
Issuance of common stock for share-based award compensation plans, shares				296,917
Payroll taxes for deferred stock units	(5.6)					(5.6)
Share-based compensation attributable to acquisition	3.2					3.2
Share-based compensation	14.4					14.4
Balance, value at Sep. 30, 2020	$ 838.7			$ 0.1		$ 1,362.6		$ (1,222.6)		$ 698.6
Balance, shares at Sep. 30, 2020				66,168,565

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities
Net income/(loss)	$ (2.8)	$ 4.0
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Share-based compensation costs	14.4	11.2
Depreciation and amortization	5.2	7.2
Acquired intangibles amortization	25.4	18.2
Deferred taxes	(3.7)	(2.4)
Amortization of convertible debt discount and issuance costs	4.8	4.5
Amortization of debt issuance costs	0.1	0.1
Amortization of cost of development services	1.7
Acquired in-process research and development		3.7
Equity investment loss	0.5	0.5
Foreign currency remeasurement loss	(0.7)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	(25.4)	(2.2)
Inventories	20.5	20.5
Prepaid expenses and other current assets	(10.0)	(1.9)
Other assets	(11.4)	(1.0)
Accounts payable	11.7	2.6
Accrued compensation	(1.5)	0.9
Income taxes payable	(16.2)	(9.4)
Other accrued liabilities	(6.1)	(9.2)
Net cash provided by operating activities	6.5	47.3
Cash flows from investing activities
Acquisition of businesses, net of cash and cash equivalents acquired	(621.8)
Purchase of in-process research and development		(2.5)
Proceeds from maturities of investments	31.1
Purchases of property and equipment	(3.9)	(5.0)
Net cash used in investing activities	(594.6)	(7.5)
Cash flows from financing activities
Purchases of treasury stock		(17.0)
Proceeds from issuance of shares	10.4	1.7
Payroll taxes for deferred stock and market stock units	(5.6)	(1.5)
Net cash provided by/(used in) financing activities	4.8	(16.8)
Effect of exchange rate changes on cash and cash equivalents	0.1
Net increase/(decrease) in cash and cash equivalents	(583.2)	23.0
Cash and cash equivalents at beginning of period	763.4	327.8
Cash and cash equivalents at end of period	180.2	350.8
Supplemental disclosures of cash flow information
Cash paid for taxes	23.6	7.1
Non-cash investing and financing activities:
Purchases of property and equipment in current liabilities	$ 1.0	$ 1.9

Basis of Presentation

3 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission, or the SEC, and U.S. generally accepted accounting principles, or U.S. GAAP. Certain information or footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to SEC rules and regulations. In our opinion, the financial statements include all adjustments, which are of a normal and recurring nature and necessary for the fair presentation of the results of the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the operating results for the full fiscal year or any future period. These financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended June 27, 2020.

The consolidated financial statements include our financial statements and those of our wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated upon consolidation.

Our fiscal year is the 52- or 53-week period ending on the last Saturday in June. Our fiscal 2021 and 2020 are 52-week periods ending June 26, 2021 and June 27, 2020, respectively. The fiscal periods presented in this report are 13-week periods ended September 26, 2020, and September 28, 2019.

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue, expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, allowance for doubtful accounts, cost of revenue, inventories, loss on purchase commitments, product warranty, accrued liabilities, share-based compensation costs, provision for income taxes, deferred income tax asset valuation allowances, uncertain tax positions, goodwill, intangible assets, investments and loss contingencies. We base our estimates on historical experience, applicable laws and regulations, and various other assumptions that we believe to be reasonable under the circumstances, including our expectations regarding the potential impacts on our business of the COVID-19 pandemic, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Cash Equivalents and Short-Term Investments

Cash equivalents consist of highly liquid investments with original maturities of three months or less. Our cash equivalents as of September 26, 2020 included bank deposits with a carrying value of $0.9 million, which approximates fair value, and as of June 27, 2020 they included money market accounts with a carrying value of $521.1 million, which approximates fair value, and are included in cash and cash equivalents on the condensed consolidated balance sheets.

Short-term investments comprise deposits held with banks with original maturities of greater than three months but less than one year when purchased. All of our short-term investments are classified as investments recorded at amortized cost, which approximates fair value.

Foreign Currency Transactions and Foreign Exchange Contracts

The U.S. dollar is our functional and reporting currency. We remeasure our monetary assets and liabilities not denominated in the functional currency into U.S. dollar equivalents at the rate of exchange in effect on the balance sheet date. We measure and record non-monetary balance sheet accounts at the historical rate in effect at the date of transaction. We remeasure foreign currency expenses at the weighted average exchange rate in the month that the transaction occurred. Our foreign currency transactions and remeasurement gains and losses are included in selling, general, and administrative expenses in the condensed consolidated statements of income and resulted in net losses of $0.1 million in the three months ended September 26, 2020 and net gains of $0.4 million in the three months ended September 28, 2019.

Leases

We determine if a contract is a lease or contains a lease at the inception of the contract and reassess that conclusion if the contract is modified. All leases are assessed for classification as an operating lease or a finance lease. Operating lease right-of-use, or

ROU, assets are included in non-current other assets on our condensed consolidated balance sheet. Operating lease liabilities are separated into a current portion, included within accrued liabilities on our condensed consolidated balance sheet, and a non-current portion, included within other long-term liabilities on our condensed consolidated balance sheet. We do not have any finance lease ROU assets or liabilities. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. We do not obtain and control the right to use the identified asset until the lease commencement date.

Our lease liabilities are recognized at the applicable lease commencement date based on the present value of the lease payments required to be paid over the lease term. Because the interest rate implicit in the lease is not readily determinable, we generally use our incremental borrowing rate to discount the lease payments to present value. The estimated incremental borrowing rate is derived from information available at the lease commencement date. We factor in publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates. Our ROU assets are also recognized at the applicable lease commencement date. The ROU asset equals the carrying amount of the related lease liability, adjusted for any lease payments made prior to lease commencement and lease incentives provided by the lessor. Variable lease payments are expensed as incurred and do not factor into the measurement of the applicable ROU asset or lease liability.

The term of our leases equals the non-cancellable period of the lease, including any rent-free periods provided by the lessor, and also include options to renew or extend the lease (including by not terminating the lease) that we are reasonably certain to exercise. We establish the term of each lease at lease commencement and reassess that term in subsequent periods when one of the triggering events outlined in Topic 842 occurs. Operating lease cost for lease payments is recognized on a straight-line basis over the lease term.

Our lease contracts often include lease and non-lease components. For our leases, we have elected the practical expedient offered by the standard to not separate lease from non-lease components and account for them as a single lease component.

We have elected, for all classes of underlying assets, not to recognize ROU assets and lease liabilities for leases with a term of twelve months or less. Lease cost for short-term leases is recognized on a straight-line basis over the lease term.

Revenue Recognition

3 Months Ended

Sep. 30, 2020

Revenue From Contract With Customer [Abstract]

Revenue Recognition

2. Revenue Recognition

We account for revenue using Accounting Standards Codification Topic 606, or ASC 606, Revenue from Contracts with Customers. Our revenue is primarily generated from the sale of application specific integrated circuit chips, or ASIC chips, either directly to a customer or to a distributor. Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services. All of our revenue, except an inconsequential amount, is recognized at a point in time, either on shipment or delivery of the product, depending on customer terms and conditions. We generally warrant our products for a period of 12 months from the date of sale and estimate probable product warranty costs at the time we recognize revenue as the warranty is considered an assurance warranty and not a performance obligation. Non-product revenue is recognized over the same period of time such performance obligations are satisfied. We then select an appropriate method for measuring satisfaction of the performance obligations.

Revenue from sales to distributors is recognized upon shipment of the product to the distributors (sell-in basis). Master sales agreements are in place with certain customers, and these agreements typically contain terms and conditions with respect to payment, delivery, warranty and supply. In the absence of a master sales agreement, we consider a customer's purchase order or our standard terms and conditions to be the contract with the customer.

Our pricing terms are negotiated independently, on a stand-alone basis. In determining the transaction price, we evaluate whether the price is subject to refund or adjustment to determine the net consideration which we expect to receive for the sale of such products. In limited situations, we make sales to certain customers under arrangements where we grant stock rotation rights, price protection and price allowances; variable consideration associated with these rights is expected to be inconsequential. These adjustments and incentives are accounted for as variable consideration, classified as other current liabilities under the revenue standard, and are shown as customer obligations in Note 9 Other Accrued Liabilities and Other Long-Term Liabilities. We estimate the amount of variable consideration for such arrangements based on the expected value to be provided to customers, and we do not believe that there will be significant changes to our estimates of variable consideration. When incentives, stock rotation rights, price protection, volume discounts, or price allowances are applicable, they are estimated and recorded in the period the related revenue is recognized. Stock rotation reserves are based on historical return rates and recorded as a reduction to revenue with a corresponding reduction to cost of goods sold for the estimated cost of inventory that is expected to be returned and recorded as prepaid expenses and other current assets. In limited circumstances, we enter into volume-based tiered pricing arrangements and we estimate total unit volumes under such arrangements to determine the expected transaction price for the units expected to be transferred. Such arrangements are accounted for as contract liabilities within other accrued liabilities. Sales returns liabilities are recorded as refund liabilities within other accrued liabilities.

Our accounts receivable balance is from contracts with customers and represents our unconditional right to receive consideration from customers. Payments are generally due within three months of completion of the performance obligation and subsequent invoicing and therefore, do not include significant financing components. To date, there have been no material bad debt charges recorded on accounts receivable. There were $0.5 million in contract assets recorded on the condensed consolidated balance sheets as of September 26, 2020 and $0.4 million as of June 27, 2020. Contract assets are presented as part of prepaid expenses and other current assets. Contract liabilities and refund liabilities were $5.9 million and $30.0 million, respectively, as of September 26, 2020, and $3.2 million and $25.8 million, respectively, as of June 27, 2020. Both contract liabilities and refund liabilities are presented as customer obligations in Note 9 Other Accrued Liabilities and Other Long-Term Liabilities. During the three months ended September 26, 2020, and the three months ended September 28, 2019, we recognized $0.6 million and $0.2 million, respectively, in revenue related to contract liabilities, which was outstanding as of the beginning of each such fiscal year.

We invoice customers for each delivery upon shipment and recognize revenue in accordance with delivery terms. As of September 26, 2020, we did not have any remaining unsatisfied performance obligations with an original duration greater than one year. Accordingly, under the optional exception provided by ASC 606, we do not disclose revenues allocated to future performance obligations of partially completed contracts. We account for shipping and handling costs as fulfillment costs before the customer obtains control of the goods and include these costs in cost of revenue. We account for collection of all taxes on a net basis.

We incur commission expense that is incremental to obtaining contracts with customers. Sales commissions (which are recorded as a selling, general and administrative expense in the condensed consolidated statements of income) are expensed when the product is shipped because such commissions are owed after shipment.

Revenue from contracts with customers disaggregated by geographic area based on customer location and groups of similar products is presented in Note 14 Segment, Customers, and Geographical Information.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Net Income Per Share

3 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Net Income Per Share

3. Net Income Per Share

The computation of basic and diluted net income per share was as follows (in millions, except per share data):

	Three Months Ended
	September
	2020			2019
Numerator:
Net income/(loss)	$	(2.8	)	$	4.0
Denominator:
Shares, basic		34.2			33.0
Effect of dilutive share-based awards		-			0.6
Shares, diluted		34.2			33.6
Net income/(loss) per share:
Basic	$	(0.08	)	$	0.12
Diluted	$	(0.08	)	$	0.12

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 over the period measured. Our diluted net income per share amounts for each period presented include the weighted average effect of potentially dilutive shares. We use the treasury stock method to determine the dilutive effect of our stock options, restricted stock units, or RSUs, market stock units, or MSUs, performance stock units, or PSUs, and our convertible notes.

Dilutive net income per share amounts do not include the potential weighted average effect of 1,827,212 and 1,340,521 shares of common stock related to certain share-based awards that were outstanding during the three months ended September 26, 2020 and September 28, 2019, respectively. These share-based awards were not included in the computation of diluted net income per share because their effect would have been antidilutive.

Fair Value

3 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value

4. Fair Value

Our carrying values of cash equivalents and short-term investments approximate their fair values due to the short period of time to maturity.

The fair values of our accounts receivable and accounts payable approximate their carrying values because of the short-term nature of those instruments. Intangible assets, property and equipment, and goodwill are measured at fair value on a non-recurring basis if impairment is indicated. The interest rate on our bank debt is variable, which is subject to change from time to time to reflect a market interest rate; accordingly, the carrying value of our bank debt approximates fair value.

The fair value of our $525.0 million principal amount of 0.50% convertible notes due 2022 is measured at fair value for disclosure purposes. The fair value of the convertible notes as of September 26, 2020 and June 27, 2020 was approximately $639.5 and $542.5 million, respectively, based on the last trading price of the convertible notes for the periods presented.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Inventories

3 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Inventories

5. Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value and consisted of the following (in millions):

	September		June
	2020		2020
Raw materials and work-in-progress	$	66.2	$	53.6
Finished goods		48.4		48.4
	$	114.6	$	102.0

We record a write-down, if necessary, to reduce the carrying value of inventory to its net realizable value. The effect of these write-downs is to establish a new cost basis in the related inventory, which we do not subsequently write up. We also record a liability and charge to cost of revenue for estimated losses on inventory we are obligated to purchase from our contract manufacturers when such losses become probable from customer delays, order cancellations, or other factors.

Acquisitions

3 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Acquisitions

6.	Acquisitions

DisplayLink

On July 17, 2020, we entered into a definitive agreement to acquire 100% of equity interest in DisplayLink Corporation, or DisplayLink, a leader in high-performance video compression technology, for $305 million in cash adjusted for (i) estimated cash and cash equivalents and short-term investments at the closing (ii) estimated indebtedness outstanding immediately prior to the closing, (iii) unpaid portion as of the closing of certain transaction expenses incurred by DisplayLink, and (iv) the amount that the estimated working capital of DisplayLink exceeds or falls short, respectively, of a certain specified target working capital set forth in an Agreement and Plan of Merger, or the Merger Agreement, with $3.1 million of the purchase price held in escrow accounts for adjustments after closing and to secure the Seller Parties’ indemnification obligations under the Merger Agreement. The acquisition closed on July 31, 2020, or the DisplayLink Closing Date, whereupon we obtained high-performance video compression technology which will further enhance our current IoT business.

This acquisition has been accounted for using the purchase method of accounting in accordance with the business acquisition guidance. Under the purchase accounting method, the total estimated purchase consideration of the acquisition was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their relative fair values. The excess of the purchase consideration over the net tangible and identifiable intangible assets acquired and liabilities has been recorded as goodwill. Our estimate of the fair values of the acquired intangible assets at September 26, 2020, is preliminary and subject to change and is based on established and accepted valuation techniques performed with the assistance of our third-party valuation specialists. Additional information, which existed as of the acquisition date but is yet unknown to us, may become known to us during the remainder of the measurement period, which will not exceed 12 months from the DisplayLink Closing Date. Changes to amounts will be recorded as adjustments to the provisional amounts recognized as of the DisplayLink Closing Date and may result in a corresponding adjustment to goodwill in the period in which new information becomes available.

The adjusted purchase price paid for DisplayLink was $443.2 million, which continues to be subject to change for working capital adjustments as allowed under the Merger Agreement.

The following table summarizes the preliminary amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the DisplayLink Closing Date (in millions):

Cash and cash equivalents	$	40.9
Short-term investments		94.0
Accounts receivable, net		7.1
Inventory		33.1
Prepaid expenses and other current assets		6.8
Property and equipment		6.8
Intangible assets		193.0
Right-of-use lease asset		20.0
Non-current other assets		0.6
Total identifiable assets acquired		402.3
Accounts payable		(5.2	)
Other accrued liabilities		(9.9	)
Short-term lease liabilities		(1.7	)
Long-term lease liabilities		(18.2	)
Other long-term liabilities		(31.4	)
Total liabilities		(66.4	)
Net identifiable assets acquired		335.9
Goodwill		107.3
Net assets acquired	$	443.2

The following table summarizes the preliminary estimate of the intangible assets as of the DisplayLink Closing Date (in millions):

	Estimated Weighted Average Useful Lives in Years		Estimated Fair Value

Developed technology		3.0	$	82.0
Customer contracts and related relationships		3.0		54.0
In process research and development	N/A			51.0
Trade names		4.0		3.0
Licensed technology		2.5		3.0
Estimated fair value of acquired intangibles			$	193.0

We estimated the fair value of the identified intangible assets using a discounted cash flow model for each of the underlying identified intangible assets. These fair value measurements were based on significant inputs not observable in the market and thus represent a Level 3 measurement. Key assumptions include the level and timing of expected future cash flows, conditions and demands specific to each intangible asset over its remaining useful life, and discount rates we believe to be consistent with the inherent risks associated with each type of asset, which range from 11.0% to 11.5%. The fair value of these intangible assets is primarily affected by the projected revenue, gross margins, operating expenses, the technology migration curve, customer ramp up period and the anticipated timing of the projected income associated with each intangible asset coupled with the discount rates used to derive their estimated present values. We believe the level and timing of expected future cash flows appropriately reflects market participant assumptions.

In-process research and development consists of a next generation docking and video interface products for the IoT market. We expect to complete the in-process research and development project in early fiscal 2023.

The value of goodwill reflects the anticipated synergies of the combined operations and workforce of DisplayLink as of the DisplayLink Closing Date. As of September 26, 2020, none of the goodwill is expected to be deductible for income tax purposes.

Prior to the DisplayLink acquisition, we did not have an existing relationship or transactions with DisplayLink.

The condensed consolidated financial statements include approximately $16.9 million of revenue from DisplayLink from the DisplayLink Closing Date through September 26, 2020. It is impracticable to determine the effect on net income attributable to DisplayLink as we integrated a substantial portion of DisplayLink into our ongoing operations during the quarter.

The following unaudited pro forma financial information (in millions, except per share data) presents the combined results of operations for us and DisplayLink as if the DisplayLink acquisition had occurred on June 30, 2019. The unaudited pro forma financial information has been prepared for comparative purposes only and does not purport to be indicative of the actual operating results that would have been recorded had the DisplayLink acquisition actually taken place on June 30, 2019 and should not be taken as indicative of future consolidated operating results. Additionally, the unaudited pro forma financial results do not include any anticipated synergies or other expected benefits from the DisplayLink acquisition.

	Three Months Ended
	September
	2020 ⁽¹⁾			2019
Revenue	$	335.7		$	365.1
Net income/(loss)		(2.1	)		1.1

⁽¹⁾

^{Includes results of Broadcom Wireless Connectivity Business}

Pro forma adjustments used to arrive at pro forma net income included adjustments for historical amortization expense, the addition of intangible amortization expense for the value of intangibles under the purchase price allocation, transaction costs and restructuring costs. The total pro forma adjustments for the three months ended September 26, 2020 and September 28, 2019 were an increase to net income/(loss) of $7.1 million and a decrease of net income/(loss) of $12.2 million, respectively.

Broadcom Wireless Connectivity Business

On July 2, 2020, we entered into definitive agreements with Broadcom to acquire certain assets and assume certain liabilities of, and obtain non-exclusive licenses relating to, Broadcom’s existing Wi-Fi, Bluetooth and GPS/GNSS products and business in the IoT market, or Broadcom Business Acquisition, for an aggregate consideration of $250 million in cash which closed on July 23, 2020, or the Broadcom Business Acquisition Closing Date. We also entered into certain transition agreements with Broadcom for a period of three years. We acquired these assets and assumed certain liabilities from Broadcom in order to obtain wireless connectivity technology which will enhance our current IoT business.

The acquisition has been accounted for using the purchase method of accounting in accordance with the business acquisition guidance. Under the purchase accounting method, the total estimated purchase consideration of the acquisition was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their relative fair values. The excess of the purchase consideration over the net tangible and identifiable intangible assets acquired and liabilities has been recorded as goodwill. Our estimate of the fair values of the acquired intangible assets at the Broadcom Business Acquisition Closing Date is preliminary and subject to change and is based on established and accepted valuation techniques performed with the assistance of our third-party valuation specialists. Additional information, which existed as of the acquisition date but is yet unknown to us, may become known to us during the remainder of the measurement period, which will not exceed 12 months from the Broadcom Business Acquisition Closing Date. Changes to amounts recorded as acquired intangible assets and liabilities assumed will be recorded as adjustments to the provisional amounts recognized as of the Broadcom Business Acquisition Closing Date and may result in a corresponding adjustment to goodwill in the period in which new information becomes available.

The following table summarizes the adjusted purchase price paid for the Broadcom Business Acquisition (in millions):

Cash	$	250.1
Adjustments to consideration transferred, net		1.5
Roadmap products - estimated cost of development		(25.0	)
	$	226.6

We entered into a derivative and roadmap product agreement and an asset purchase agreement with Broadcom. The derivative and roadmap product agreement includes the purchase of derivative and roadmap product development services to be performed by

Broadcom. We estimated the value of the development services to be approximately $25.0 million, accounted for it separate from the business combination, and included $10.0 million in prepaid expenses and other current assets and $15.0 million ($13.3 million after amortization as of September 26, 2020) in non-current other assets in our condensed consolidated balance sheets. The estimated value of the development services is amortizing over the period of time estimated to complete the development or approximately thirty months. The amortization of the estimated cost of development is included in research and development in our condensed consolidated statements of comprehensive income/(loss). In addition, under the terms of the asset purchase agreement we provided replacement equity compensation awards to the transferred employees and Broadcom agreed to make cash payments to transferred employees as incentive to accept employment offers from our company. We determined $3.5 million of value related to these arrangements should be included as consideration transferred, which was partially offset by $2.0 million of cash payments to transferred employees as a reduction of consideration transferred.

The following table summarizes the amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the Broadcom Business Acquisition Closing Date (in millions):

Property and equipment	$	1.0
Acquired intangible assets		123.0
Total identifiable assets acquired		124.0
Liabilities assumed		(0.2	)
Goodwill		102.8
Net assets acquired	$	226.6

We estimated the fair value of the identified intangible assets using a discounted cash flow model for each of the underlying identified intangible assets. These fair value measurements were based on significant inputs not observable in the market and thus represent a Level 3 measurement. Key assumptions include the level and timing of expected future cash flows, conditions and demands specific to each intangible asset over its remaining useful life, and discount rates we believe to be consistent with the inherent risks associated with each type of asset, which is 2.2% for order backlog and 13.0% for the rest of the intangible assets. The fair value of these intangible assets is primarily affected by the projected revenue, gross margins, operating expenses, the technology migration curve, customer ramp up period and the anticipated timing of the projected income associated with each intangible asset coupled with the discount rates used to derive their estimated present values. We believe the level and timing of expected future cash flows appropriately reflects market participant assumptions.

The following table summarizes the preliminary estimate of the intangible assets as of the Broadcom Business Acquisition Closing Date (in millions):

	Estimated Weighted Average Useful Lives in Years		Estimated Fair Value

Developed technology		6.0	$	93.0
Customer contracts and related relationships		6.0		18.0
Order backlog		0.5		12.0
Estimated fair value of acquired intangibles			$	123.0

The value of goodwill reflects the anticipated synergies of the combined operations and workforce of the transferred Broadcom Business assets as of the Broadcom Business Acquisition Closing Date. As of September 26, 2020, all of the goodwill is expected to be deductible for income tax purposes.

Prior to the Broadcom Business Acquisition, we did not have an existing relationship or transactions with Broadcom.

The condensed consolidated financial statements include approximately $15.3 million of revenue from the Broadcom Business Acquisition from the Broadcom Business Acquisition Closing Date through September 26, 2020. It is impracticable to determine the effect on net income attributable to the Broadcom Business Acquisition as we had integrated a substantial portion of the Broadcom Business Acquisition into our ongoing operations during the quarter.

We determined it is impractical to include pro forma information given the difficulty in obtaining the historical financial information for the Broadcom Business Acquisition as the business was part of Broadcom and did not have discrete financial information prior to the acquisition. Inclusion of such information would require us to make estimates and assumptions regarding the acquired business historical financial results that we believe may ultimately prove inaccurate.

Acquired Intangibles and Goodwill

3 Months Ended

Sep. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Acquired Intangibles and Goodwill

7. Acquired Intangibles and Goodwill

Acquired Intangibles

The following table summarizes the life, the gross carrying value and the related accumulated amortization of our acquired intangible assets (in millions):

			September 2020							June 2020
	Weighted Average Life in Years		Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Audio and video technology		5.4	$	138.6	$	(82.7	)	$	55.9	$	138.6	$	(76.5	)	$	62.1
Customer relationships		4.2		125.5		(39.5	)		86.0		81.8		(61.4	)		20.4
Wireless connectivity technology		6.0		93.0		(2.6	)		90.4		—		—			—
Video interface technology		3.0		82.0		(4.6	)		77.4		—		—			—
Display driver technology		7.0		20.4		(15.3	)		5.1		164.0		(158.2	)		5.8
Backlog		0.5		12.0		(4.0	)		8.0		—		—			—
Licensed technology and other		4.1		13.0		(6.2	)		6.8		7.7		(5.5	)		2.2
Patents		8.0		4.4		(2.7	)		1.7		4.4		(2.6	)		1.8
Tradename		5.1		4.8		(0.9	)		3.9		1.8		(0.7	)		1.1
In process research and development	N/A			51.0		—			51.0		—		—			—
Acquired intangibles totals		5.1	$	544.7	$	(158.5	)	$	386.2	$	398.3	$	(304.9	)	$	93.4

The total amortization expense for the acquired intangible assets was $25.4 million and $18.2 million for the three months ended September 26, 2020 and September 28, 2019, respectively. During the three months ended September 26, 2020 and September 28, 2019, $18.7 million and $15.3 million, respectively, of amortization expense was included in our condensed consolidated statements of income in cost of revenue; the remainder was included in acquired intangibles amortization.

The following table presents expected annual fiscal year aggregate amortization expense as of September 26, 2020 (in millions):

Remainder of 2021	$	84.7
2022		99.0
2023		86.1
2024		25.9
2025		19.0
Thereafter		20.5
To be determined		51.0
Future amortization	$	386.2

Goodwill

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired. Changes in our goodwill balance for the three months ended September 26, 2020 were as follows (in millions):

Beginning balance	$	360.8
Acquisition activity		210.1
Ending balance	$	570.9

Leases

3 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

8. Leases

Our leases mainly include our worldwide office and research and development facilities which are all classified as operating leases. Certain leases include renewal options that are under our discretion. The leases expire at various dates through fiscal year 2029, some of which include options to extend the lease for up to 5 years. For the three months ended September 26, 2020, we recorded approximately $2.4 million of operating leases expense. Our short-term leases are immaterial and we do not have finance leases.

As of September 26, 2020, the components of leases and lease costs are as follows (in millions):

	September		June
	2020		2020
Operating lease right-of-use assets	$	38.7	$	21.0
Operating lease liabilities	$	9.2	$	6.5
Operating lease liabilities, long-term		29.7		14.6
Total operating lease liabilities	$	38.9	$	21.1

Supplemental cash flow information related to leases is as follows (in millions):

	Three Months Ended
	September
	2020		2019
Cash paid for operating leases included in operating cash flows	$	1.9	$	2.3
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets		1.8		2.0

As of September 26, 2020, the weighted average remaining lease term is 6.3 years, and the weighted average discount rate is 4.03%.

Future minimum lease payments for the operating lease liabilities are as follows (in millions):

	Operating
	Lease
Fiscal Year	Payments
Remainder of 2021	$	7.6
2022		9.6
2023		6.0
2024		4.6
2025		3.7
Thereafter		12.6
Total future minimum operating lease payments		44.1
Less: interest		(5.2	)
Total lease liabilities	$	38.9

Other Accrued Liabilities and Other Long-Term Liabilities

3 Months Ended

Sep. 30, 2020

Payables And Accruals [Abstract]

Other Accrued Liabilities and Other Long-Term Liabilities

9. Other Accrued Liabilities and Other Long-Term Liabilities

Other accrued liabilities consisted of the following (in millions):

	September		June
	2020		2020
Customer obligations	$	35.9	$	29.0
Inventory obligations		27.6		27.9
Operating lease liabilities		9.2		6.5
Other		29.9		27.6
	$	102.6	$	91.0

Other long-term liabilities consisted of the following (in millions):

	September		June
	2020		2020
Operating lease liabilities, long-term	$	29.7	$	14.6
Deferred tax liability		27.9		—
Income taxes payable, long-term		15.9		16.4
Other		13.8		13.0
	$	87.3	$	44.0

Indemnifications and Contingencies

3 Months Ended

Sep. 30, 2020

Commitments And Contingencies Disclosure [Abstract]

Indemnifications and Contingencies

10. Indemnifications and Contingencies

Indemnifications

In connection with certain agreements, we are obligated to indemnify the counterparty against third party claims alleging infringement of certain intellectual property rights by us. We have also entered into indemnification agreements with our officers and directors. Maximum potential future payments under these agreements cannot be estimated because these agreements generally do not have a maximum stated liability. However, historical costs related to these indemnification provisions have not been significant. We have not recorded any liability in our condensed consolidated financial statements for such indemnification obligations.

Contingencies

We have in the past, and may in the future, receive notices from third parties that claim our products infringe their intellectual property rights. We cannot be certain that our technologies and products do not and will not infringe issued patents or other proprietary rights of third parties.

Any infringement claims, with or without merit, could result in significant litigation costs and diversion of management and financial resources, including the payment of damages, which could have a material adverse effect on our business, financial condition, and results of operations.

Debt

3 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Debt

11. Debt

Convertible Debt

Our convertible debt consists of an original $525 million aggregate principal amount of 0.50% convertible senior notes due 2022, or the Notes, which were issued in a private placement transaction. The net proceeds from the Notes, after deducting discounts, were $514.5 million.

The Notes bear interest at a rate of 0.50% per year, which is payable semi-annually in arrears, on June 15 and December 15 of each year. The Notes are senior unsecured obligations and rank senior in right of payment to any of our indebtedness that is expressly subordinated in right of payment to the Notes; equal in right of payment to any our liabilities that are not so subordinated; effectively junior in right of payment to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) of our subsidiaries.

The Notes mature on June 15, 2022, or the Maturity Date, unless earlier repurchased, redeemed or converted.

Holders may convert all or any portion of their Notes, in multiples of $1,000 principal amounts, at their option at any time prior to the close of business on the business day immediately preceding March 15, 2022 under certain defined circumstances.

On or after March 15, 2022 until the close of business on the business day immediately preceding the Maturity Date, holders may convert all or any portion of their Notes, in multiples of $1,000 principal amounts, at the option of the holder. Upon conversion, we will pay or deliver, at our election, shares of common stock, cash, or a combination of cash and shares of common stock.

The conversion rate for the Notes is initially 13.6947 shares of common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $73.02 per share of common stock). The conversion rate is subject to adjustment in certain circumstances.

Upon the occurrence of a fundamental change (as defined in the Notes indenture), holders of the Notes may require us to repurchase for cash all or a portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest up to, but excluding, the fundamental change repurchase date.

Commencing June 20, 2020, we may redeem for cash all or any portion of the Notes, at our option, if the last reported sale price of our common stock, as determined by us, has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest up to, but excluding, the redemption date. This criteria has not been met as of September 26, 2020. Our policy is to settle the principal amount of our Notes with cash upon conversion or redemption.

As of the issuance date of the Notes, we recorded $82.1 million of the principal amount to equity, representing the debt discount for the difference between our estimated nonconvertible debt borrowing rate of 4.39% and the coupon rate of the Notes of 0.50% using a five-year life, which coincides with the term of the Notes. In addition, we allocated the total of $11.1 million of debt issuance costs, consisting of the initial purchaser’s discount of $10.5 million and legal, accounting, and printing costs of $579,000, pro rata, to the equity and debt components of the Notes, or $1.9 million and $9.2 million, respectively. The debt discount and the debt issuance costs allocated to the debt component of the Notes are amortized as interest expense using the effective interest method over five years.

The contractual interest expense and amortization of discount on the Notes for the three months ended September 26, 2020, were as follows (in millions):

	Three Months Ended
	September
	2020
Interest expense	$	0.7
Amortization of discount and debt issuance costs		4.8
Total interest	$	5.5

The unamortized amounts of the debt issuance costs and discount associated with the Notes as of September 26, 2020 were $3.4 million and $30.3 million, respectively.

Revolving Credit Facility

In February 2020, we entered into the First Amendment to Amended and Restated Credit Agreement, or the Amendment, with the lenders that are party thereto, or the Lenders, and Wells Fargo Bank, National Association, as administrative agent for the Lenders, related to that certain Amended and Restated Credit Agreement, dated September 27, 2017, or the Credit Agreement. Pursuant to the Amendment, the Credit Agreement was amended to, among other things, (i) modify the definition of Consolidated EBITDA (as defined in the Credit Agreement) to increase the maximum limit on the add back of certain restructuring and integration cost and expenses to 30% from 15% of Consolidated EBITDA, (ii) modify the negative covenant for Consolidated Total Leverage Ratio (as defined in the Credit Agreement) at the end of any fiscal quarter to 4.75:1.00 from 3.50:1.00, and for any four quarter period following a Material Acquisition (as defined in the Credit Agreement) to 5:00:1.00 from 3.75:1.00, (iii) modify the circumstances under which the maturity date of the Credit Agreement would be accelerated in advance of the maturity date of the Notes to eliminate the acceleration of the maturity date of the Credit Agreement if we meet certain specified leverage and liquidity covenants, (iv) add a minimum liquidity covenant for each two-week period beginning on the date that is 120 days prior to the maturity date of the Notes, (v) add certain technical amendments to address LIBOR transition matters, and (vi) include or revise certain definitions and certain customary representation, warranties and acknowledgments.

The Credit Agreement provides for a revolving credit facility in a principal amount of up to $200 million, which includes a $20 million sublimit for letters of credit and a $20 million sublimit for swingline loans. Under the terms of the Credit Agreement, we may, subject to the satisfaction of certain conditions, request increases in the revolving credit facility commitments in an aggregate principal amount of up to $100 million to the extent existing or new lenders agree to provide such increased or additional commitments, as applicable. Future proceeds under the revolving credit facility are available for working capital and general corporate purposes. As of September 26, 2020, there was a $100.0 million balance outstanding under the revolving credit facility. The weighted average annualized interest rate on these borrowings for the three months ended September 26, 2020 was 2.75%.

The revolving credit facility is required to be repaid in full on the earlier of (i) September 27, 2022, and (ii) the date 91 days prior to the Maturity Date of the Notes if the Notes have not been refinanced in full by such date, subject to certain exceptions. Debt issuance costs relating to the revolving credit facility of $2.3 million, included in non-current other assets on our consolidated balance sheet, are being amortized over 60 months.

Our obligations under the Credit Agreement are guaranteed by the material domestic subsidiaries of our company, subject to certain exceptions (such material subsidiaries, together with our company, collectively, the Credit Parties). The obligations of the Credit Parties under the Credit Agreement and the other loan documents delivered in connection therewith are secured by a first priority security interest in substantially all of the existing and future personal property of the Credit Parties, including, without limitation, 65% of the voting capital stock of certain of the Credit Parties’ direct foreign subsidiaries, subject to certain exceptions.

The revolving credit facility bears interest at our election of a Base Rate plus an Applicable Margin or LIBOR plus an Applicable Margin. Swingline loans bear interest at a Base Rate plus an Applicable Margin. The Base Rate is a floating rate that is the greater of the Prime Rate, the Federal Funds Rate plus 50 basis points, or LIBOR plus 100 basis points. The Applicable Margin is based on a sliding scale which ranges from 0.25 to 100 basis points for Base Rate loans and 100 basis points to 175 basis points for LIBOR loans. We are required to pay a commitment fee on any unused commitments under the Credit Agreement which is determined on a leverage-based sliding scale ranging from 0.175% to 0.25% per annum. Interest and fees are payable on a quarterly basis. The LIBOR index is expected to be discontinued at the end of 2021. Under our credit facility, when the LIBOR index is discontinued, we will switch to a comparable or successor rate as selected by us and the Administrative Agent, which may include the Secured Overnight Financing Rate, or SOFR.

Under the Credit Agreement, there are various restrictive covenants, including three financial covenants which limit the consolidated total leverage ratio, or leverage ratio, the consolidated interest coverage ratio, or interest coverage ratio, a restriction which places a limit on the amount of capital expenditures that may be made in any fiscal year, a restriction that permits up to $50 million per fiscal quarter of accounts receivable financings, and sets the Specified Leverage Ratio. The leverage ratio is the ratio of debt as of the measurement date to earnings before interest, taxes, depreciation and amortization, or EBITDA, for the four consecutive quarters ending with the quarter of measurement. The current leverage ratio shall not exceed 4.75 to 1.00 provided that for the four fiscal quarters ending after the date of a material acquisition, such maximum leverage ratio shall be adjusted to 5.0 to 1.00, and thereafter 4.75 to 1.0. The interest coverage ratio is EBITDA to interest expense for the four consecutive quarters ending with the quarter of measurement. The interest coverage ratio must not be less than 3.50 to 1.0 during the term of the Credit Agreement. The Specified Leverage Ratio is the ratio used in determining, among other things, whether we are permitted to make dividends and/or prepay certain indebtedness, at a fixed ratio of 2.25 to 1.00. As of September 26, 2020, we remain in compliance with the restrictive covenants.

Share-Based Compensation

3 Months Ended

Sep. 30, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation

12. Share-Based Compensation

Share-based compensation and the related tax benefit recognized in our condensed consolidated statements of income were as follows (in millions):

	Three Months Ended
	September
	2020			2019
Cost of revenue	$	0.8		$	0.7
Research and development		11.0			7.5
Selling, general, and administrative		9.7			3.0
Total	$	21.5		$	11.2
Income tax expense/(benefit) on share-based compensation	$	(3.6	)	$	(0.9	)

Included in the preceding table is share-based compensation for our cash-settled phantom stock units, which we granted in October 2019 (see Phantom Stock Units below) (in millions):

	Three Months Ended
	September
	2020
Cost of revenue	$	0.1
Research and development		5.8
Selling, general, and administrative		1.3
Total	$	7.2

Historically, we have issued new shares in connection with our equity-settled share-based compensation plans, however, treasury shares are also available for issuance. Any additional shares repurchased under our common stock repurchase program will be available for issuance under our share-based compensation plans.

Share-Based Compensation Plans

On October 29, 2019, our stockholders approved: (i) our 2019 Equity and Incentive Compensation Plan, or the 2019 Incentive Plan, to replace our Amended and Restated 2010 Incentive Compensation Plan, or 2010 Incentive Plan, and (ii) our 2019 Employee Stock Purchase Plan, or the 2019 ESPP, to replace our Amended and Restated 2010 Employee Stock Purchase Plan. Upon approval of the 2019 Incentive Plan, new awards are no longer issued under the replaced share-based compensation plan. Awards outstanding at October 29, 2019 under our prior share-based compensation plans were not impacted by the approval of the 2019 Incentive Plan and continue to remain outstanding by their terms under the applicable share-based compensation plan. Shares underlying certain share-based awards forfeited under the 2010 Incentive Plan subsequent to the approval of the 2019 Incentive Plan automatically transfer to and become available for award issuance from the 2019 Incentive Plan.

The 2019 Incentive Plan authorizes our Board of Directors to provide equity-based compensation in the form of stock options, stock appreciation rights, restricted stock, RSUs, cash incentive awards, performance shares, PSUs, and other stock-based awards. The cumulative number of shares approved by stockholders under the 2019 Incentive Plan was 2,590,000 as of October 27, 2020. The 2019 ESPP authorizes the Company to provide eligible employees with an opportunity to acquire an equity interest in the Company through the purchase of stock at a discount, with an initial authorization of 1,500,000 shares.

Effective August 19, 2019, we adopted the 2019 Inducement Equity Plan. 650,000 shares of our common stock have been reserved for issuance under the 2019 Inducement Equity Plan, subject to adjustment for stock dividends, stock splits, or other changes in our common stock or capital structure. The 2019 Inducement Equity Plan is intended to comply with Rule 5635(c)(4) of the Nasdaq Stock Market Listing Rules, which provide an exception to the Nasdaq Stock Market Listing Rules’ on the shareholder approval requirement for the issuance of securities with regards to grants to employees of the Company or its subsidiaries as an inducement material to such individuals entering into employment with the Company or its subsidiaries. An individual is eligible to receive an award under the 2019 Inducement Equity Plan only if he or she was not previously an employee or director of our Company (or is returning to work after a bona-fide period of non-employment), and an award under the 2019 Inducement Equity Plan is a material inducement for him or her to accept employment with our Company.

Stock Options

Stock option activity was as follows:

	Stock			Weighted		Aggregate
	Option			Average		Intrinsic
	Awards			Exercise		Value
	Outstanding			Price		(in millions)
Outstanding as of June 2020		329,786		$	69.78
Exercised		(63,228	)		61.42
Expired		(49,058	)		74.44
Outstanding and Exercisable as of September 2020		217,500			71.16	$	2.2

The aggregate intrinsic value was determined using the closing price of our common stock on September 25, 2020 of $78.22 and excludes the impact of stock options that were not in-the-money.

Restricted Stock Units

RSU activity was as follows:

				Aggregate
	RSU			Intrinsic
	Awards			Value
	Outstanding			(in millions)
Balance as of June 2020		1,360,324
Granted		692,858
Delivered		(118,956	)
Forfeited		(80,582	)
Balance as of September 2020		1,853,644		$	145.0

The aggregate intrinsic value was determined using the closing price of our common stock on September 25, 2020 of $78.22.

Of the shares delivered, 42,024 shares valued at $3.4 million were withheld to meet statutory tax withholding requirements.

Market Stock Units

Our 2019 Incentive Plan and our Amended and Restated 2010 Incentive Compensation Plan provide for the grant of MSU awards to our employees, consultants, and directors, and our 2019 Inducement Equity Plan provides for the grant of MSU awards to certain of our employees. An MSU is a promise to deliver shares of our common stock at a future date based on the achievement of market-based performance requirements in accordance with the terms of the MSU grant agreement.

We have granted MSU awards to our executive officers and other management members under our Amended and Restated 2010 Incentive Compensation Plan, our 2019 Incentive Plan and our 2019 Inducement Equity Plan, which are designed to vest in three or four tranches with the target quantity for each tranche equal to one-third or one-fourth of the total MSU grant. The first tranche vests based on a one-year performance period; the second tranche vests based on a two-year performance period; the third tranche vests based on a three-year performance period; and the fourth tranche (in the case of four-year vesting) vests based on a four-year performance period.

For MSU awards granted in fiscal 2021, performance is measured based on our achievement of a specified level of total stockholder return, or TSR, relative to the TSRs of each company in the Russell 2000 Index. The potential payout ranges from 0% to 200% of the target grant quantity based on our TSR performance relative to the TSRs of each company in the Russell 2000 Index. No payout will occur if our TSR performance falls below the 25^th percentile of the TSRs of each company in the Russell 2000 Index, and a 200% payout will occur if our TSR performance exceeds the 75^th percentile of the TSRs of each company in the Russell 2000 Index. Performance payouts between the 25^th and 75^th percentiles will be determined on a linear basis with performance at the 50^th percentile equal to 100% of target.

For MSU awards granted in fiscal 2021, the first tranche and the second tranche can payout up to 200%, and the payout for the third tranche will be calculated based on the total target quantity for the entire grant multiplied by the payout factor, based on performance for the three-year performance period, less shares issued for the first tranche and the second tranche.

For outstanding MSU awards granted prior to fiscal 2021, performance is measured based on our achievement of a specified level of TSR relative to the TSR of the S&P Semiconductor Select Industry Index, or SPSISC Index. The potential payout ranges from 0% to 200% of the target grant quantity and is adjusted on a two-to-one ratio based on our TSR performance relative to SPSISC Index TSR.

For MSU awards granted prior to fiscal 2021 and vesting over three years, the payout for the first tranche and the second tranche will not exceed 100% and the payout for the third tranche will be calculated based on the total target quantity for the entire grant multiplied by the payout factor, based on performance for the three-year performance period, less shares issued for the first tranche and the second tranche. For MSUs vesting over four years, the payout for the first tranche, the second tranche and the third tranche will not exceed 100% and the payout for the fourth tranche will be calculated based on the total target quantity for the entire grant multiplied by the payout factor, based on performance for the four-year performance period, less shares issued for the first tranche, the second tranche and the third tranche.

Delivery of shares earned, if any, will take place on the dates provided in the applicable MSU grant agreement, assuming the grantee is still an employee, consultant, or director of our Company at the end of the applicable performance period. On the delivery date, we withhold shares to cover statutory tax withholding requirements and deliver a net quantity of shares to the employee, consultant, or director after such withholding. Until delivery of shares, the grantee has no rights as a stockholder with respect to any shares underlying the MSU award.

MSU activity was as follows:

				Aggregate
	MSU			Intrinsic
	Awards			Value
	Outstanding			(in millions)
Balance as of June 2020		391,532
Granted		101,009
Delivered		(46,497	)
Forfeited		(14,773	)
Balance as of September 2020		431,271		$	33.7

The aggregate intrinsic value was determined using the closing price of our common stock on September 25, 2020 of $78.22.

We value MSUs using the Monte Carlo simulation model on the date of grant and amortize the compensation expense over the three- or four-year performance and service period on a straight-line basis. The unrecognized share-based compensation cost of our outstanding MSUs was approximately $28.2 million as of September 26, 2020, which will be recognized over a weighted average period of approximately 1.4 years.

Performance Stock Units

Our 2019 Incentive Plan and our Amended and Restated 2010 Incentive Compensation Plan provide for the grant of PSU awards to our employees, consultants, and directors. A PSU is a promise to deliver shares of our common stock at a future date based on the achievement of performance-based requirements in accordance with the terms of the PSU grant agreement.

We have granted PSUs to our executive officers and other management members under our Amended and Restated 2010 Incentive Compensation Plan, our 2019 Incentive Plan and our 2019 Inducement Equity Plan, which are designed to vest in three tranches with the target quantity for each tranche equal to one-third of the total PSU grant. The grants have a specific one-year performance period and vesting occurs over three service periods with the final service period ending approximately three years from the grant date. Performance is measured based on the achievement of a specified level of certain performance criteria (for PSUs granted in fiscal 2021 it is based on a combination of our design win revenue, non-GAAP gross margin percentage and non-GAAP operating expenses and for the PSUs granted prior to fiscal 2021 it is based on non-GAAP earnings per share). The potential payout ranges from 0% to 200% of the target grant quantity and is adjusted on a linear basis with a payout triggering if our measurement results equals greater than 65% of the target with a maximum payout achieved at 135% of target.

Delivery of shares earned, if any, will take place on the dates provided in the applicable PSU grant agreement, assuming the grantee is still an employee, consultant, or director of our Company at the end of the applicable service period. On the delivery date, we withhold shares to cover statutory tax withholding requirements and deliver a net quantity of shares to the employee, consultant, or director after such withholding. Until delivery of shares, the grantee has no rights as a stockholder with respect to any shares underlying the PSU award.

PSU activity was as follows:

				Aggregate
	PSU			Intrinsic
	Awards			Value
	Outstanding			(in millions)
Balance as of June 2020		333,848
Awarded		170,994
Forfeited		(36,079	)
Balance as of September 2020		468,763		$	36.7

The aggregate intrinsic value was determined using the closing price of our common stock on September 25, 2020 of $78.22.

We value PSUs using the aggregate intrinsic value on the date of grant adjusted for estimated performance achievement during the performance period and amortize the compensation expense over the three-year service period on a ratable basis. The unrecognized share-based compensation cost of our outstanding PSUs was approximately $23.3 million as of September 26, 2020, which will be recognized over a weighted average period of approximately 1.4 years.

Phantom Stock Units

The 2019 Incentive Plan authorizes the grant of phantom stock units to non-employee directors, officers and employees. We initially granted phantom stock units in October 2019. Phantom stock units are cash-settled and entitle the recipient to receive a cash payment equal to the value of a single share for each unit based on the average closing share price of our stock over the thirty calendar days prior to the vesting date. Grants of phantom stock units vest over three years, with an annual vesting date of October 31 each year subsequent to the grant date. We recognize compensation expense for phantom stock units on a straight-line basis for each tranche of each award based on the average closing price of our common stock over the thirty calendar days ended prior to each balance sheet date. The outstanding phantom stock units had a fair value of $82.11 per unit at September 26, 2020 and our accrued liability for such units was $7.2 million.

Phantom stock activity was as follows:

				Aggregate
	Phantom			Intrinsic
	Stock Units			Value
	Outstanding			(in millions)
Balance as of June 2020		789,113
Forfeited		(50,718	)
Balance as of September 2020		738,395		$	57.8

The aggregate intrinsic value was determined using the closing price of our common stock on September 25, 2020 of $78.22.

The unrecognized share-based compensation cost of our outstanding phantom stock units was approximately $42.3 million as of September 26, 2020, which will be recognized over a weighted average period of approximately 2.1 years.

Employee Stock Purchase Plan

Shares purchased, weighted average purchase price, cash received, and the aggregate intrinsic value for employee stock purchase plan purchases during the three months ended September 26, 2020 were as follows (in millions, except for shares purchased and weighted average price):

Shares purchased		134,601
Weighted average purchase price	$	48.67
Cash received	$	6.6
Aggregate intrinsic value	$	4.6

Income Taxes

3 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Income Taxes

13. Income Taxes

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security, or CARES, Act was enacted and signed into law. The CARES Act did not have a material impact on the income tax provision for the three months ended September 26, 2020.

We account for income taxes under the asset and liability method. The provision for income taxes recorded in interim periods is recorded by applying the estimated annual effective tax rate to year-to-date income before provision for income taxes, excluding the effects of significant unusual or infrequently occurring discrete items and jurisdictions where annual effective tax rate cannot be reasonably estimated. In these cases, we will determine the actual effective tax rate for the year-to-date period. The tax effects of discrete items are recorded in the same period that the related discrete items are reported and results in a difference between the actual effective tax rate and the estimated annual effective tax rate.

The provision for income taxes of $3.6 million and a benefit of $4.9 million for the three months ended September 26, 2020 and September 28, 2019, respectively, represented estimated federal, foreign, and state income taxes. The effective tax rate for the three months ended September 26, 2020 diverged from the combined U.S. federal and state statutory tax rate primarily because of foreign withholding taxes, non-deductible officer compensation, the impact of accounting for qualified stock options and global intangible low-taxed income, or GILTI, partially offset by the benefit of income taxed at lower rates, research credits and foreign tax credits. The effective tax rate for the three months ended September 28, 2019, diverged from the combined U.S. federal and state statutory tax rate, primarily because of foreign deemed-paid taxes, foreign income taxed at higher tax rates, and global intangible low taxed income, or GILTI, partially offset by the benefit of research credits and foreign tax credits.

The total liability for gross unrecognized tax benefits related to uncertain tax positions remained unchanged during the three months ended September 26, 2020, at $22.0 million, and was included in other long-term liabilities on our condensed consolidated balance sheets. If recognized, the total gross unrecognized tax benefits would reduce the effective tax rate on income from continuing operations. Accrued interest and penalties related to unrecognized tax benefits as of September 26, 2020 were $1.7 million; this balance decreased by $0.2 million compared to June 27, 2020, largely due to the expiration of the relevant statute of limitations. We classify interest and penalties as components of income tax expense. It is reasonably possible that the amount of the liability for unrecognized tax benefits may change within the next twelve months and an estimate of the range of possible changes includes an increase in our liability of up to $3.4 million.

Any prospective adjustments to our unrecognized tax benefits will be recorded as an increase or decrease to income tax expense and cause a corresponding change to our effective tax rate. Accordingly, our effective tax rate could fluctuate materially from period to period.

Our major tax jurisdictions are the United States, Hong Kong SAR, Japan and the United Kingdom. From fiscal 2014 onward, we remain subject to examination by one or more of these jurisdictions.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Segment, Customers, and Geographic Information

3 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment, Customers, and Geographic Information

14. Segment, Customers, and Geographic Information

We operate in one segment: the development, marketing, and sale of semiconductor products used in electronic devices and products. We generate our revenue from three broad product categories: the Mobile product market, the personal computing, or PC,

product market, and the Internet of Things, or IoT, product market. We sell our products to original equipment manufacturers, or OEMs, and to contract manufacturers that provide manufacturing services to OEMs.

Net revenue within geographic areas based on our customers’ locations for the periods presented was as follows (in millions):

	Three Months Ended
	September
	2020		2019
China	$	131.2	$	176.8
Japan		103.1		63.2
Taiwan		71.8		65.2
Other		16.0		16.5
South Korea		5.0		16.4
United States		1.3		1.8
	$	328.4	$	339.9

Net revenue from our customers for each group of similar products was as follows (in millions):

	Three Months Ended
	September
	2020		2019
Mobile product applications	$	133.5	$	184.3
PC product applications		80.5		67.8
IoT product applications		114.4		87.8
	$	328.4	$	339.9

Net revenue from major customers as a percentage of total net revenue for the periods presented was as follows:

	Three Months Ended
	September
	2020	2019
Customer A	21%	*
Customer B	13%	*
Customer C	*	12%
Customer D	*	12%

____________________

*Less than 10%

We extend credit based on evaluation of a customer’s financial condition, and we generally do not require collateral. Major customer accounts receivable as a percentage of total accounts receivable were as follows:

	September	June
	2020	2020
Customer A	25%	21%
Customer B	18%	18%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Comprehensive Income/(Loss)

3 Months Ended

Sep. 30, 2020

Equity [Abstract]

Comprehensive Income/(Loss)

15. Comprehensive Income/(Loss)

Our comprehensive income/(loss) generally consists of net income. We recognize foreign currency remeasurement adjustments and foreign currency transaction gains and losses in our condensed consolidated statements of income as the U.S. dollar is the functional currency of our foreign entities.

Restructuring Activities

3 Months Ended

Sep. 30, 2020

Restructuring And Related Activities [Abstract]

Restructuring Activities

16. Restructuring Activities

During the first quarter of fiscal 2021, we initiated restructuring activities, which included severance costs for activities intended to gain synergies from our recent acquisitions. The restructuring costs related to these activities were recorded to the restructuring costs line item within our condensed consolidated statements of comprehensive income/(loss), and are expected to be complete by the end of fiscal 2021. The restructuring liability activity for these restructuring activities during fiscal 2021 was as follows (in millions):

	Employee Severance
	and Benefits
Accruals	$	3.7
Cash payments		(1.9	)
Balance as of September 2020	$	1.8

During fiscal 2020, we initiated restructuring activities, some of which included severance costs which were for activities intended to further improve efficiencies in our operational activities to align our cost structure consistent with our revenue levels and severance costs related to employees who transitioned with the sale of our assets of our TDDI product line for LCD mobile displays. The restructuring costs related to these activities were recorded to the restructuring costs line item within our condensed consolidated statements of comprehensive income/(loss). Some of the activities relating to these restructurings are complete as of June 27, 2020. The remaining activities are expected to be complete by the end of fiscal 2021. The restructuring liability activity for these restructuring activities during fiscal 2021 was as follows (in millions):

	Employee Severance
	and Benefits
Balance as of June 2020	$	6.1
Accruals		1.9
Cash payments		(6.1	)
Balance as of September 2020	$	1.9

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2020
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue, expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, allowance for doubtful accounts, cost of revenue, inventories, loss on purchase commitments, product warranty, accrued liabilities, share-based compensation costs, provision for income taxes, deferred income tax asset valuation allowances, uncertain tax positions, goodwill, intangible assets, investments and loss contingencies. We base our estimates on historical experience, applicable laws and regulations, and various other assumptions that we believe to be reasonable under the circumstances, including our expectations regarding the potential impacts on our business of the COVID-19 pandemic, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
Cash Equivalents and Short Term Investments	Cash Equivalents and Short-Term Investments Cash equivalents consist of highly liquid investments with original maturities of three months or less. Our cash equivalents as of September 26, 2020 included bank deposits with a carrying value of $0.9 million, which approximates fair value, and as of June 27, 2020 they included money market accounts with a carrying value of $521.1 million, which approximates fair value, and are included in cash and cash equivalents on the condensed consolidated balance sheets. Short-term investments comprise deposits held with banks with original maturities of greater than three months but less than one year when purchased. All of our short-term investments are classified as investments recorded at amortized cost, which approximates fair value.
Foreign Currency Transactions and Foreign Exchange Contracts	Foreign Currency Transactions and Foreign Exchange Contracts The U.S. dollar is our functional and reporting currency. We remeasure our monetary assets and liabilities not denominated in the functional currency into U.S. dollar equivalents at the rate of exchange in effect on the balance sheet date. We measure and record non-monetary balance sheet accounts at the historical rate in effect at the date of transaction. We remeasure foreign currency expenses at the weighted average exchange rate in the month that the transaction occurred. Our foreign currency transactions and remeasurement gains and losses are included in selling, general, and administrative expenses in the condensed consolidated statements of income and resulted in net losses of $0.1 million in the three months ended September 26, 2020 and net gains of $0.4 million in the three months ended September 28, 2019.
Leases	Leases We determine if a contract is a lease or contains a lease at the inception of the contract and reassess that conclusion if the contract is modified. All leases are assessed for classification as an operating lease or a finance lease. Operating lease right-of-use, or ROU, assets are included in non-current other assets on our condensed consolidated balance sheet. Operating lease liabilities are separated into a current portion, included within accrued liabilities on our condensed consolidated balance sheet, and a non-current portion, included within other long-term liabilities on our condensed consolidated balance sheet. We do not have any finance lease ROU assets or liabilities. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. We do not obtain and control the right to use the identified asset until the lease commencement date. Our lease liabilities are recognized at the applicable lease commencement date based on the present value of the lease payments required to be paid over the lease term. Because the interest rate implicit in the lease is not readily determinable, we generally use our incremental borrowing rate to discount the lease payments to present value. The estimated incremental borrowing rate is derived from information available at the lease commencement date. We factor in publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates. Our ROU assets are also recognized at the applicable lease commencement date. The ROU asset equals the carrying amount of the related lease liability, adjusted for any lease payments made prior to lease commencement and lease incentives provided by the lessor. Variable lease payments are expensed as incurred and do not factor into the measurement of the applicable ROU asset or lease liability. The term of our leases equals the non-cancellable period of the lease, including any rent-free periods provided by the lessor, and also include options to renew or extend the lease (including by not terminating the lease) that we are reasonably certain to exercise. We establish the term of each lease at lease commencement and reassess that term in subsequent periods when one of the triggering events outlined in Topic 842 occurs. Operating lease cost for lease payments is recognized on a straight-line basis over the lease term. Our lease contracts often include lease and non-lease components. For our leases, we have elected the practical expedient offered by the standard to not separate lease from non-lease components and account for them as a single lease component. We have elected, for all classes of underlying assets, not to recognize ROU assets and lease liabilities for leases with a term of twelve months or less. Lease cost for short-term leases is recognized on a straight-line basis over the lease term.

Net Income Per Share (Tables)

3 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Share

The computation of basic and diluted net income per share was as follows (in millions, except per share data):

	Three Months Ended
	September
	2020			2019
Numerator:
Net income/(loss)	$	(2.8	)	$	4.0
Denominator:
Shares, basic		34.2			33.0
Effect of dilutive share-based awards		-			0.6
Shares, diluted		34.2			33.6
Net income/(loss) per share:
Basic	$	(0.08	)	$	0.12
Diluted	$	(0.08	)	$	0.12

Inventories (Tables)

3 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value and consisted of the following (in millions):

	September		June
	2020		2020
Raw materials and work-in-progress	$	66.2	$	53.6
Finished goods		48.4		48.4
	$	114.6	$	102.0

Acquisitions (Tables)

3 Months Ended

Sep. 30, 2020

Display Link Corporation [Member]

Business Acquisition [Line Items]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the DisplayLink Closing Date (in millions):

Cash and cash equivalents	$	40.9
Short-term investments		94.0
Accounts receivable, net		7.1
Inventory		33.1
Prepaid expenses and other current assets		6.8
Property and equipment		6.8
Intangible assets		193.0
Right-of-use lease asset		20.0
Non-current other assets		0.6
Total identifiable assets acquired		402.3
Accounts payable		(5.2	)
Other accrued liabilities		(9.9	)
Short-term lease liabilities		(1.7	)
Long-term lease liabilities		(18.2	)
Other long-term liabilities		(31.4	)
Total liabilities		(66.4	)
Net identifiable assets acquired		335.9
Goodwill		107.3
Net assets acquired	$	443.2

Summary of Preliminary Estimate of Intangible Assets

The following table summarizes the preliminary estimate of the intangible assets as of the DisplayLink Closing Date (in millions):

	Estimated Weighted Average Useful Lives in Years		Estimated Fair Value

Developed technology		3.0	$	82.0
Customer contracts and related relationships		3.0		54.0
In process research and development	N/A			51.0
Trade names		4.0		3.0
Licensed technology		2.5		3.0
Estimated fair value of acquired intangibles			$	193.0

Summary of Unaudited Pro Forma Financial Information Presents Combined Results of Operations

	Three Months Ended
	September
	2020 ⁽¹⁾			2019
Revenue	$	335.7		$	365.1
Net income/(loss)		(2.1	)		1.1

Summary of Pro Forma Adjustments Used to Arrive at Pro Forma Net Income/(Loss)

⁽¹⁾

^{Includes results of Broadcom Wireless Connectivity Business}

Broadcom [Member]

Business Acquisition [Line Items]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the Broadcom Business Acquisition Closing Date (in millions):

Property and equipment	$	1.0
Acquired intangible assets		123.0
Total identifiable assets acquired		124.0
Liabilities assumed		(0.2	)
Goodwill		102.8
Net assets acquired	$	226.6

Summary of Preliminary Estimate of Intangible Assets

The following table summarizes the preliminary estimate of the intangible assets as of the Broadcom Business Acquisition Closing Date (in millions):

	Estimated Weighted Average Useful Lives in Years		Estimated Fair Value

Developed technology		6.0	$	93.0
Customer contracts and related relationships		6.0		18.0
Order backlog		0.5		12.0
Estimated fair value of acquired intangibles			$	123.0

Summary of Adjusted Purchase Price Paid

The following table summarizes the adjusted purchase price paid for the Broadcom Business Acquisition (in millions):

Cash	$	250.1
Adjustments to consideration transferred, net		1.5
Roadmap products - estimated cost of development		(25.0	)
	$	226.6

Acquired Intangibles and Goodwill (Tables)

3 Months Ended

Sep. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Life, Gross Carrying Value of Acquired Intangible Assets, and Related Accumulated Amortization

The following table summarizes the life, the gross carrying value and the related accumulated amortization of our acquired intangible assets (in millions):

			September 2020							June 2020
	Weighted Average Life in Years		Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Audio and video technology		5.4	$	138.6	$	(82.7	)	$	55.9	$	138.6	$	(76.5	)	$	62.1
Customer relationships		4.2		125.5		(39.5	)		86.0		81.8		(61.4	)		20.4
Wireless connectivity technology		6.0		93.0		(2.6	)		90.4		—		—			—
Video interface technology		3.0		82.0		(4.6	)		77.4		—		—			—
Display driver technology		7.0		20.4		(15.3	)		5.1		164.0		(158.2	)		5.8
Backlog		0.5		12.0		(4.0	)		8.0		—		—			—
Licensed technology and other		4.1		13.0		(6.2	)		6.8		7.7		(5.5	)		2.2
Patents		8.0		4.4		(2.7	)		1.7		4.4		(2.6	)		1.8
Tradename		5.1		4.8		(0.9	)		3.9		1.8		(0.7	)		1.1
In process research and development	N/A			51.0		—			51.0		—		—			—
Acquired intangibles totals		5.1	$	544.7	$	(158.5	)	$	386.2	$	398.3	$	(304.9	)	$	93.4

Schedule of Expected Annual Aggregate Amortization Expense

The following table presents expected annual fiscal year aggregate amortization expense as of September 26, 2020 (in millions):

Remainder of 2021	$	84.7
2022		99.0
2023		86.1
2024		25.9
2025		19.0
Thereafter		20.5
To be determined		51.0
Future amortization	$	386.2

Schedule of Changes in Goodwill

Beginning balance	$	360.8
Acquisition activity		210.1
Ending balance	$	570.9

Leases (Tables)

3 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Components of Leases and Lease Costs

As of September 26, 2020, the components of leases and lease costs are as follows (in millions):

	September		June
	2020		2020
Operating lease right-of-use assets	$	38.7	$	21.0
Operating lease liabilities	$	9.2	$	6.5
Operating lease liabilities, long-term		29.7		14.6
Total operating lease liabilities	$	38.9	$	21.1

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows (in millions):

	Three Months Ended
	September
	2020		2019
Cash paid for operating leases included in operating cash flows	$	1.9	$	2.3
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets		1.8		2.0

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum lease payments for the operating lease liabilities are as follows (in millions):

	Operating
	Lease
Fiscal Year	Payments
Remainder of 2021	$	7.6
2022		9.6
2023		6.0
2024		4.6
2025		3.7
Thereafter		12.6
Total future minimum operating lease payments		44.1
Less: interest		(5.2	)
Total lease liabilities	$	38.9

Other Accrued Liabilities and Other Long-Term Liabilities (Tables)

3 Months Ended

Sep. 30, 2020

Payables And Accruals [Abstract]

Other Accrued Liabilities

Other accrued liabilities consisted of the following (in millions):

	September		June
	2020		2020
Customer obligations	$	35.9	$	29.0
Inventory obligations		27.6		27.9
Operating lease liabilities		9.2		6.5
Other		29.9		27.6
	$	102.6	$	91.0

Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in millions):

	September		June
	2020		2020
Operating lease liabilities, long-term	$	29.7	$	14.6
Deferred tax liability		27.9		—
Income taxes payable, long-term		15.9		16.4
Other		13.8		13.0
	$	87.3	$	44.0

Debt (Tables)

3 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Contractual Interest Expense and Amortization of Discount on Notes

The contractual interest expense and amortization of discount on the Notes for the three months ended September 26, 2020, were as follows (in millions):

	Three Months Ended
	September
	2020
Interest expense	$	0.7
Amortization of discount and debt issuance costs		4.8
Total interest	$	5.5

Share-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2020

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations

Share-based compensation and the related tax benefit recognized in our condensed consolidated statements of income were as follows (in millions):

	Three Months Ended
	September
	2020			2019
Cost of revenue	$	0.8		$	0.7
Research and development		11.0			7.5
Selling, general, and administrative		9.7			3.0
Total	$	21.5		$	11.2
Income tax expense/(benefit) on share-based compensation	$	(3.6	)	$	(0.9	)

Schedule of Stock Option Activity

Stock option activity was as follows:

	Stock			Weighted		Aggregate
	Option			Average		Intrinsic
	Awards			Exercise		Value
	Outstanding			Price		(in millions)
Outstanding as of June 2020		329,786		$	69.78
Exercised		(63,228	)		61.42
Expired		(49,058	)		74.44
Outstanding and Exercisable as of September 2020		217,500			71.16	$	2.2

Shares Purchased, Weighted Average Purchase Price, Cash Received, and Aggregate Intrinsic Value for ESPP

Shares purchased		134,601
Weighted average purchase price	$	48.67
Cash received	$	6.6
Aggregate intrinsic value	$	4.6

Phantom Stock Unit [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations

Included in the preceding table is share-based compensation for our cash-settled phantom stock units, which we granted in October 2019 (see Phantom Stock Units below) (in millions):

	Three Months Ended
	September
	2020
Cost of revenue	$	0.1
Research and development		5.8
Selling, general, and administrative		1.3
Total	$	7.2

Schedule of Stock Units Activity

Phantom stock activity was as follows:

				Aggregate
	Phantom			Intrinsic
	Stock Units			Value
	Outstanding			(in millions)
Balance as of June 2020		789,113
Forfeited		(50,718	)
Balance as of September 2020		738,395		$	57.8

Restricted stock units outstanding [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Stock Units Activity

RSU activity was as follows:

				Aggregate
	RSU			Intrinsic
	Awards			Value
	Outstanding			(in millions)
Balance as of June 2020		1,360,324
Granted		692,858
Delivered		(118,956	)
Forfeited		(80,582	)
Balance as of September 2020		1,853,644		$	145.0

Market stock units outstanding [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Stock Units Activity

MSU activity was as follows:

				Aggregate
	MSU			Intrinsic
	Awards			Value
	Outstanding			(in millions)
Balance as of June 2020		391,532
Granted		101,009
Delivered		(46,497	)
Forfeited		(14,773	)
Balance as of September 2020		431,271		$	33.7

Performance stock units outstanding [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Stock Units Activity

PSU activity was as follows:

				Aggregate
	PSU			Intrinsic
	Awards			Value
	Outstanding			(in millions)
Balance as of June 2020		333,848
Awarded		170,994
Forfeited		(36,079	)
Balance as of September 2020		468,763		$	36.7

Segment, Customers, and Geographic Information (Tables)

3 Months Ended

Sep. 30, 2020

Segment Reporting Information [Line Items]

Net Revenue within Geographic Areas Based on Customers' Locations

Net revenue within geographic areas based on our customers’ locations for the periods presented was as follows (in millions):

	Three Months Ended
	September
	2020		2019
China	$	131.2	$	176.8
Japan		103.1		63.2
Taiwan		71.8		65.2
Other		16.0		16.5
South Korea		5.0		16.4
United States		1.3		1.8
	$	328.4	$	339.9

Net Revenue from External Customers

Net revenue from our customers for each group of similar products was as follows (in millions):

	Three Months Ended
	September
	2020		2019
Mobile product applications	$	133.5	$	184.3
PC product applications		80.5		67.8
IoT product applications		114.4		87.8
	$	328.4	$	339.9

Sales Revenue, Net [Member]

Segment Reporting Information [Line Items]

Major Customers as Percentage of Net Revenue

Net revenue from major customers as a percentage of total net revenue for the periods presented was as follows:

	Three Months Ended
	September
	2020	2019
Customer A	21%	*
Customer B	13%	*
Customer C	*	12%
Customer D	*	12%

____________________

*Less than 10%

Accounts Receivable [Member]

Segment Reporting Information [Line Items]

Major Customers as Percentage of Net Revenue

Major customer accounts receivable as a percentage of total accounts receivable were as follows:

	September	June
	2020	2020
Customer A	25%	21%
Customer B	18%	18%

Restructuring Activities (Tables)

3 Months Ended

Sep. 30, 2020

Restructuring And Related Activities [Abstract]

Restructuring Liability Activities

The restructuring liability activity for these restructuring activities during fiscal 2021 was as follows (in millions):

	Employee Severance
	and Benefits
Accruals	$	3.7
Cash payments		(1.9	)
Balance as of September 2020	$	1.8

The restructuring liability activity for these restructuring activities during fiscal 2021 was as follows (in millions):

	Employee Severance
	and Benefits
Balance as of June 2020	$	6.1
Accruals		1.9
Cash payments		(6.1	)
Balance as of September 2020	$	1.9

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Jun. 27, 2020
Basis Of Presentation [Line Items]
Carrying value of bank deposit	$ 0.9
Net gain (loss) on foreign currency transactions	$ (0.1)	$ 0.4
Money Market Funds [Member]
Basis Of Presentation [Line Items]
Available-for-sale securities, debt securities			$ 521.1

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Jun. 27, 2020
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Account receivable bad debt	$ 0
Contract asset	500,000		$ 400,000
Contract liability	5,900,000		30,000,000.0
Refund liability	3,200,000		$ 25,800,000
Revenue recognized related to contract liabilities	$ 600,000	$ 200,000
Description of payment terms in contract with customer	Payments are generally due within three months of completion of the performance obligation and subsequent invoicing and therefore, do not include significant financing components.
Accounting Standards Update 2014-09 [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Remaining unsatisfied performance obligation	$ 0
Maximum [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, performance obligation, payment terms	3 months

Net Income Per Share - Computation of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 28, 2019
Numerator:
Net income/(loss)	$ (2.8)	$ 4.0	$ 4.0
Denominator:
Shares, basic	34.2	33.0	33.0
Effect of dilutive share-based awards			0.6
Shares, diluted	34.2	33.6	33.6
Net income/(loss) per share:
Basic	$ (0.08)	$ 0.12	$ 0.12
Diluted	$ (0.08)	$ 0.12	$ 0.12

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Net Income Per Share - Additional Information (Detail) - shares	3 Months Ended
	Sep. 26, 2020	Sep. 28, 2019
Share-Based Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares that were not included in computation of diluted net income per share	1,827,212	1,340,521

Fair Value - Additional Information (Detail) - 0.50% Convertible Senior Notes due 2022 [Member] - USD ($) $ in Millions	Sep. 30, 2020	Sep. 26, 2020	Jun. 27, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt instrument aggregate principal amounts	$ 525.0	$ 525.0
Convertible notes		$ 639.5	$ 542.5

Inventories - Inventories (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Inventory Disclosure [Abstract]
Raw materials and work-in-progress	$ 66.2	$ 53.6
Finished goods	48.4	48.4
Total Inventories	$ 114.6	$ 102.0

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions			2 Months Ended	3 Months Ended
	Jul. 17, 2020	Jul. 02, 2020	Sep. 26, 2020	Sep. 30, 2020	Sep. 26, 2020	Sep. 30, 2019	Sep. 28, 2019
Business Acquisition [Line Items]
Revenue				$ 328.4		$ 339.9
Display Link Corporation [Member]
Business Acquisition [Line Items]
Acquisition agreement date	Jul. 17, 2020
Business acquisition, ownership percentage	100.00%
Purchase price included in cash	$ 305.0
Acquisition closing effective date	Jul. 31, 2020
Business combination, consideration transferred				$ 443.2
Business acquisition, Goodwill expected income tax deductible amount			$ 0.0		$ 0.0
Revenue			16.9
Pro forma adjustments to net income/(loss)					7.1		$ 12.2
Prepaid expenses and other current assets	$ 6.8
Non-current other assets	0.6
Display Link Corporation [Member] \| Escrow Obligations Under Purchase Agreement [Member]
Business Acquisition [Line Items]
Purchase price held in escrow	$ 3.1
Broadcom Wireless Connectivity [Member]
Business Acquisition [Line Items]
Acquisition agreement date		Jul. 02, 2020
Purchase price included in cash		$ 250.0
Acquisition closing effective date		Jul. 23, 2020
Revenue			15.3
Business combination description		We acquired these assets and assumed certain liabilities from Broadcom in order to obtain wireless connectivity technology which will enhance our current IoT business
Transition agreements duration		3 years
Identified intangible assets included discount rates				2.20%
Identified intangible assets included discount rates				13.00%
Broadcom Wireless Connectivity [Member] \| Derivative and Roadmap Product Agreement [Member]
Business Acquisition [Line Items]
Purchase price included in cash					2.0
Business combination, consideration transferred					3.5
Business combination, cost of services					25.0
Prepaid expenses and other current assets			10.0		10.0
Non-current other assets			15.0		15.0
Business combination, non-current other assets after amortization			$ 13.3		$ 13.3

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 26, 2020	Jul. 17, 2020	Jul. 02, 2020	Jun. 30, 2020	Jun. 27, 2020
Business Acquisition [Line Items]
Goodwill	$ 570.9	$ 570.9			$ 360.8	$ 360.8
Display Link Corporation [Member]
Business Acquisition [Line Items]
Cash and cash equivalents			$ 40.9
Short-term investments			94.0
Accounts receivable, net			7.1
Inventory			33.1
Prepaid expenses and other current assets			6.8
Property and equipment			6.8
Intangible assets			193.0
Right-of-use lease asset			20.0
Non-current other assets			0.6
Total identifiable assets acquired			402.3
Accounts payable			(5.2)
Other accrued liabilities			(9.9)
Short-term lease liabilities			(1.7)
Long-term lease liabilities			(18.2)
Other long-term liabilities			(31.4)
Total liabilities			(66.4)
Net identifiable assets acquired			335.9
Goodwill			107.3
Net assets acquired			$ 443.2
Broadcom [Member]
Business Acquisition [Line Items]
Property and equipment				$ 1.0
Intangible assets				123.0
Total identifiable assets acquired				124.0
Liabilities assumed				(0.2)
Goodwill				102.8
Net assets acquired				$ 226.6

Acquisitions - Summary of Preliminary Estimate of Intangible Assets (Detail) - USD ($) $ in Millions			3 Months Ended
	Jul. 17, 2020	Jul. 02, 2020	Sep. 30, 2020
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years			5 years 1 month 6 days
Trade Names [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years			5 years 1 month 6 days
Display Link Corporation [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 193.0
Display Link Corporation [Member] \| Developed Technology [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	3 years
Estimated Fair Value	$ 82.0
Display Link Corporation [Member] \| Customer Contracts and Related Relationships [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	3 years
Estimated Fair Value	$ 54.0
Display Link Corporation [Member] \| In-Process Research and Development [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 51.0
Display Link Corporation [Member] \| Trade Names [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	4 years
Estimated Fair Value	$ 3.0
Display Link Corporation [Member] \| Licensed Technology [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	2 years 6 months
Estimated Fair Value	$ 3.0
Broadcom [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 123.0
Broadcom [Member] \| Developed Technology [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		6 years
Estimated Fair Value		$ 93.0
Broadcom [Member] \| Customer Contracts and Related Relationships [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		6 years
Estimated Fair Value		$ 18.0
Broadcom [Member] \| Order Backlog [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		6 months
Estimated Fair Value		$ 12.0

Acquisitions - Summary of Unaudited Pro Forma Financial Information Presents Combined Results of Operations (Detail) - Display Link Corporation [Member] - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2020	Sep. 28, 2019
Business Acquisition [Line Items]
Revenue	$ 335.7	$ 365.1
Net income/(loss)	$ (2.1)	$ 1.1

Acquisitions - Summary of Adjusted Purchase Price (Detail) - Broadcom [Member] $ in Millions	Jul. 02, 2020 USD ($)
Business Acquisition [Line Items]
Purchase price included in cash	$ 250.1
Adjustments to consideration transferred, net	1.5
Roadmap products - estimated cost of development	(25.0)
Business combination, consideration transferred	$ 226.6

Acquired Intangibles and Goodwill - Summary of Life, Gross Carrying Value of Acquired Intangible Assets, and Related Accumulated Amortization (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 26, 2020	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 544.7		$ 398.3
Accumulated Amortization	(158.5)		(304.9)
Net Carrying Value	$ 386.2	$ 386.2	93.4
Weighted Average Life in Years	5 years 1 month 6 days
Display Driver Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 20.4		164.0
Accumulated Amortization	(15.3)		(158.2)
Net Carrying Value	$ 5.1		5.8
Weighted Average Life in Years	7 years
Audio and Video Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 138.6		138.6
Accumulated Amortization	(82.7)		(76.5)
Net Carrying Value	$ 55.9		62.1
Weighted Average Life in Years	5 years 4 months 24 days
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 125.5		81.8
Accumulated Amortization	(39.5)		(61.4)
Net Carrying Value	$ 86.0		20.4
Weighted Average Life in Years	4 years 2 months 12 days
Wireless and Connectivity Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 93.0
Accumulated Amortization	(2.6)
Net Carrying Value	$ 90.4
Weighted Average Life in Years	6 years
Video Interface Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 82.0
Accumulated Amortization	(4.6)
Net Carrying Value	$ 77.4
Weighted Average Life in Years	3 years
Licensed Technology and Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 13.0		7.7
Accumulated Amortization	(6.2)		(5.5)
Net Carrying Value	$ 6.8		2.2
Weighted Average Life in Years	4 years 1 month 6 days
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 4.4		4.4
Accumulated Amortization	(2.7)		(2.6)
Net Carrying Value	$ 1.7		1.8
Weighted Average Life in Years	8 years
Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 12.0
Accumulated Amortization	(4.0)
Net Carrying Value	$ 8.0
Weighted Average Life in Years	6 months
In-Process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 51.0
Net Carrying Value	51.0
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	4.8		1.8
Accumulated Amortization	(0.9)		(0.7)
Net Carrying Value	$ 3.9		$ 1.1
Weighted Average Life in Years	5 years 1 month 6 days

Acquired Intangibles and Goodwill - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2020	Sep. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Acquired intangibles amortization	$ 25.4	$ 18.2
Cost of Revenue [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangibles amortization	$ 18.7	$ 15.3

Acquired Intangibles and Goodwill - Schedule of Expected Annual Aggregate Amortization Expense (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 26, 2020	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2021		$ 84.7
2022		99.0
2023		86.1
2024		25.9
2025		19.0
Thereafter		20.5
To be determined		51.0
Net Carrying Value	$ 386.2	$ 386.2	$ 93.4

Acquired Intangibles and Goodwill - Schedule of Changes in Goodwill (Detail) $ in Millions	3 Months Ended
	Sep. 26, 2020 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance	$ 360.8
Acquisition activity	210.1
Ending balance	$ 570.9

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 26, 2020
Lessee Lease Description [Line Items]
Lease Option to Extend	The leases expire at various dates through fiscal year 2029, some of which include options to extend the lease for up to 5 years.
Lease Expiration Year.	2029
Lessee, Operating Lease, Existence of Option to Extend	true
Operating Leases, Expense		$ 2.4
Operating Lease, Weighted Average Remaining Lease Term	6 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.03%
Maximum [Member]
Lessee Lease Description [Line Items]
Duration of Extending leases	5 years

Leases - Schedule of Components of Leases and Lease Costs (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 38.7	$ 21.0
Operating Lease, Liability, Current	us-gaap:OperatingLeaseLiabilityCurrent	us-gaap:OperatingLeaseLiabilityCurrent
Operating lease liabilities	$ 9.2	$ 6.5
Operating Lease, Liability, Noncurrent	us-gaap:OperatingLeaseLiabilityNoncurrent	us-gaap:OperatingLeaseLiabilityNoncurrent
Operating lease liabilities, long-term	$ 29.7	$ 14.6
Operating Lease, Liability	us-gaap:OperatingLeaseLiability	us-gaap:OperatingLeaseLiability
Total operating lease liabilities	$ 38.9	$ 21.1

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Cash paid for operating leases included in operating cash flows	$ 1.9	$ 2.3
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$ 1.8	$ 2.0

Leases - Schedule of Future Minimum Lease Payments for Operating Leases (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Leases [Abstract]
Remainder of 2021	$ 7.6
2022	9.6
2023	6.0
2024	4.6
2025	3.7
Thereafter	12.6
Total	44.1
Less: interest	$ (5.2)
Operating Lease, Liability	us-gaap:OperatingLeaseLiability	us-gaap:OperatingLeaseLiability
Total lease liabilities	$ 38.9	$ 21.1

Other Accrued Liabilities and Other Long-Term Liabilities - Other Accrued Liabilities (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Payables And Accruals [Abstract]
Customer obligations	$ 35.9	$ 29.0
Inventory obligations	27.6	27.9
Operating lease liabilities	9.2	6.5
Other	29.9	27.6
Other accrued liabilities	$ 102.6	$ 91.0

Other Accrued Liabilities and Other Long-Term Liabilities - Other Long-Term Liabilities (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Payables And Accruals [Abstract]
Operating lease liabilities, long-term	$ 29.7	$ 14.6
Deferred tax liability	27.9
Income taxes payable, long-term	15.9	16.4
Other	13.8	13.0
Other long-term liabilities	$ 87.3	$ 44.0

Debt - Additional Information (Detail)	1 Months Ended	3 Months Ended
Debt - Additional Information (Detail)	Feb. 28, 2020 USD ($)	Sep. 30, 2020 USD ($) Day $ / shares shares	Sep. 26, 2020 USD ($)
Debt Instrument [Line Items]
Percentage of voting capital stock		65.00%
0.50% Convertible Senior Notes due 2022 [Member]
Debt Instrument [Line Items]
Debt instrument aggregate principal amounts		$ 525,000,000	$ 525,000,000.0
Net proceeds from issuance of convertible debt		$ 514,500,000
Interest rates on borrowings		0.50%
Debt instrument maturity date		Jun. 15, 2022
Conversion of notes in multiples of principal amounts		$ 1,000
Convertible number of shares, principal amount of notes \| shares		13.6947
Initial conversion price per share of common stock \| $ / shares		$ 73.02
Note repurchase price, percentage of principal amount of notes		100.00%
Sale price of common stock, minimum threshold percentage		130.00%
Sale of common stock, threshold trading days \| Day		20
Sale of common stock, threshold consecutive trading days \| Day		30
Equity component of the principal amount of the convertible debt		$ 82,100,000
Nonconvertible debt borrowing rate		4.39%
Debt instrument term		5 years
Debt issuance costs		$ 11,100,000
Initial purchaser's discount		10,500,000
Legal, accounting, and printing costs		579,000
Convertible debt issuance costs pro rata to equity components		1,900,000
Convertible debt issuance costs pro rata to debt components		$ 9,200,000
Debt amortization period		5 years
Unamortized amounts of debt issuance costs		$ 3,400,000
Unamortized amounts of debt discount		$ 30,300,000
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt amortization period			60 months
Maximum permitted restructuring and related cost	30.00%
Minimum permitted restructuring and related cost	15.00%
Maximum leverage ratio permitted	4.75%	4.75%
Minimum leverage ratio permitted	3.50%
Number of consecutive days under liquidity threshold	120 days
Covenant description	Pursuant to the Amendment, the Credit Agreement was amended to, among other things, (i) modify the definition of Consolidated EBITDA (as defined in the Credit Agreement) to increase the maximum limit on the add back of certain restructuring and integration cost and expenses to 30% from 15% of Consolidated EBITDA, (ii) modify the negative covenant for Consolidated Total Leverage Ratio (as defined in the Credit Agreement) at the end of any fiscal quarter to 4.75:1.00 from 3.50:1.00, and for any four quarter period following a Material Acquisition (as defined in the Credit Agreement) to 5:00:1.00 from 3.75:1.00, (iii) modify the circumstances under which the maturity date of the Credit Agreement would be accelerated in advance of the maturity date of the Notes to eliminate the acceleration of the maturity date of the Credit Agreement if we meet certain specified leverage and liquidity covenants, (iv) add a minimum liquidity covenant for each two-week period beginning on the date that is 120 days prior to the maturity date of the Notes, (v) add certain technical amendments to address LIBOR transition matters, and (vi) include or revise certain definitions and certain customary representation, warranties and acknowledgments	Under the Credit Agreement, there are various restrictive covenants, including three financial covenants which limit the consolidated total leverage ratio, or leverage ratio, the consolidated interest coverage ratio, or interest coverage ratio, a restriction which places a limit on the amount of capital expenditures that may be made in any fiscal year, a restriction that permits up to $50 million per fiscal quarter of accounts receivable financings, and sets the Specified Leverage Ratio. The leverage ratio is the ratio of debt as of the measurement date to earnings before interest, taxes, depreciation and amortization, or EBITDA, for the four consecutive quarters ending with the quarter of measurement. The current leverage ratio shall not exceed 4.75 to 1.00 provided that for the four fiscal quarters ending after the date of a material acquisition, such maximum leverage ratio shall be adjusted to 5.0 to 1.00, and thereafter 4.75 to 1.0. The interest coverage ratio is EBITDA to interest expense for the four consecutive quarters ending with the quarter of measurement. The interest coverage ratio must not be less than 3.50 to 1.0 during the term of the Credit Agreement. The Specified Leverage Ratio is the ratio used in determining, among other things, whether we are permitted to make dividends and/or prepay certain indebtedness, at a fixed ratio of 2.25 to 1.00. As of September 26, 2020, we remain in compliance with the restrictive covenants
Line of credit facility amount	$ 200,000,000
Line of credit facility allowable requests for additional borrowing	$ 100,000,000
Outstanding principal amount			$ 100,000,000.0
Weighted average annualized interest rate on borrowings	2.75%
Maturity period			Sep. 27, 2022
Repayment date, description			The revolving credit facility is required to be repaid in full on the earlier of (i) September 27, 2022, and (ii) the date 91 days prior to the Maturity Date of the Notes if the Notes have not been refinanced in full by such date, subject to certain exceptions. Debt issuance costs relating to the revolving credit facility of $2.3 million, included in non-current other assets on our consolidated balance sheet, are being amortized over 60 months.
Debt issuance cost			$ 2,300,000
Description of base rate		The revolving credit facility bears interest at our election of a Base Rate plus an Applicable Margin or LIBOR plus an Applicable Margin. Swingline loans bear interest at a Base Rate plus an Applicable Margin. The Base Rate is a floating rate that is the greater of the Prime Rate, the Federal Funds Rate plus 50 basis points, or LIBOR plus 100 basis points. The Applicable Margin is based on a sliding scale which ranges from 0.25 to 100 basis points for Base Rate loans and 100 basis points to 175 basis points for LIBOR loans.
Maximum accounts receivable financings per quarter		$ 50,000,000
Minimum interest coverage ratio		3.50%
Fixed coverage ratio		2.25%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Federal Funds Rates [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Commitment fee percentage of unused portion		0.175%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Minimum [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		0.0025%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Commitment fee percentage of unused portion		0.25%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Maximum [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Amended and Restated Credit Agreement [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility amount	$ 20,000,000
Amended and Restated Credit Agreement [Member] \| Bridge Loan [Member]
Debt Instrument [Line Items]
Line of credit facility amount	$ 20,000,000
Amended and Restated Credit Agreement [Member] \| For The First Four Fiscal Quarters Ending After Date of Material Acquisition [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum leverage ratio permitted	5.00%	5.00%
Minimum leverage ratio permitted	3.75%
Amended and Restated Credit Agreement [Member] \| Thereafter [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum leverage ratio permitted		4.75%

Debt - Schedule of Contractual Interest Expense and Amortization of Discount on Notes (Detail) - Purchase Agreement [Member] - 0.50% Convertible Senior Notes due 2022 [Member] - Wells Fargo Securities, LLC [Member] $ in Millions	3 Months Ended
	Sep. 26, 2020 USD ($)
Debt Instrument [Line Items]
Interest expense	$ 0.7
Amortization of discount and debt issuance costs	4.8
Total interest	$ 5.5

Share-Based Compensation - Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 21.5	$ 11.2
Income tax expense/(benefit) on share-based compensation	(3.6)	(0.9)
Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	7.2
Cost of Revenue [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	0.8	0.7
Cost of Revenue [Member] \| Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	0.1
Research and Development [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	11.0	7.5
Research and Development [Member] \| Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	5.8
Selling, General, and Administrative [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	9.7	$ 3.0
Selling, General, and Administrative [Member] \| Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 1.3

Share-Based Compensation - New Stock-Based Compensation Plans - Additional Information (Detail) - shares	Oct. 29, 2019	Oct. 27, 2020	Aug. 19, 2019
2019 Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares approved by stockholders		2,590,000
2019 Inducement Equity Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance			650,000
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized to purchase	1,500,000

Share-Based Compensation - Schedule of Stock Option Activity (Detail) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 30, 2020 USD ($) $ / shares shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Option Awards Outstanding, Balance as of June 2020 \| shares	329,786
Stock Option Awards Outstanding, Exercised \| shares	(63,228)
Stock Option Awards Outstanding, Expired \| shares	(49,058)
Stock Option Awards Outstanding, Balance as of September 2020 \| shares	217,500
Weighted Average Exercise Price, Balance as of June 2020 \| $ / shares	$ 69.78
Weighted Average Exercise Price, Exercised \| $ / shares	61.42
Weighted Average Exercise Price, Expired \| $ / shares	74.44
Weighted Average Exercise Price, Balance as of September 2020 \| $ / shares	$ 71.16
Aggregate Intrinsic Value, Balance as of September 2020 \| $	$ 2.2

Share-Based Compensation - Stock Options - Additional Information (Detail)	Sep. 25, 2020 $ / shares
Stock option outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding	$ 78.22

Share-Based Compensation - Schedule of Stock Units Activity (Detail) $ in Millions	3 Months Ended
	Sep. 30, 2020 USD ($) shares
Restricted stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance as of June 2020	1,360,324
Stock Unit Awards, Granted	692,858
Stock Unit Awards, Delivered	(118,956)
Stock Unit Awards, Forfeited	(80,582)
Stock Unit Awards Outstanding, Balance as of September 2020	1,853,644
Aggregate Intrinsic Value, Balance as of September 2020 \| $	$ 145.0
Market stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance as of June 2020	391,532
Stock Unit Awards, Granted	101,009
Stock Unit Awards, Delivered	(46,497)
Stock Unit Awards, Forfeited	(14,773)
Stock Unit Awards Outstanding, Balance as of September 2020	431,271
Aggregate Intrinsic Value, Balance as of September 2020 \| $	$ 33.7
Performance stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance as of June 2020	333,848
Stock Unit Awards, Granted	170,994
Stock Unit Awards, Forfeited	(36,079)
Stock Unit Awards Outstanding, Balance as of September 2020	468,763
Aggregate Intrinsic Value, Balance as of September 2020 \| $	$ 36.7
Phantom Stock Unit [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance as of June 2020	789,113
Stock Unit Awards, Forfeited	(50,718)
Stock Unit Awards Outstanding, Balance as of September 2020	738,395
Aggregate Intrinsic Value, Balance as of September 2020 \| $	$ 57.8

Share-Based Compensation - Restricted Stock Units - Additional Information (Detail) - Restricted stock units outstanding [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 25, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding		$ 78.22
Shares withheld to meet statutory minimum tax withholding requirements	42,024
Shares valued withheld to meet statutory minimum tax withholding requirements	$ 3.4

Share-Based Compensation - Market Stock Units - Additional Information (Detail) - Market stock units outstanding [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 26, 2020	Sep. 25, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout adjustment ratio	200.00%
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding			$ 78.22
Unrecognized share-based compensation cost		$ 28.2
Unrecognized share-based compensation, period for recognition		1 year 4 months 24 days
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	0.00%
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
Share-based Compensation Award, First Tranche [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	1 year
Vesting percentage of the underlying awards	33.33%
Share-based Compensation Award, First Tranche [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
Share-based Compensation Award, First Tranche [Member] \| Maximum [Member] \| Three Year Performance
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, First Tranche [Member] \| Maximum [Member] \| Four Year Performance
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, Second Tranche [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	2 years
Vesting percentage of the underlying awards	33.33%
Share-based Compensation Award, Second Tranche [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
Share-based Compensation Award, Second Tranche [Member] \| Maximum [Member] \| Three Year Performance
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, Second Tranche [Member] \| Maximum [Member] \| Four Year Performance
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, Third Tranche [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	3 years
Vesting percentage of the underlying awards	33.33%
Share-based Compensation Award, Third Tranche [Member] \| Maximum [Member] \| Four Year Performance
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, Fourth Tranche [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	4 years
Vesting percentage of the underlying awards	25.00%
TSR Percentile Below 25 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	0.00%
TSR Percentile Above 75 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
TSR Percentile 50 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%

Share-Based Compensation - Performance Stock Units - Additional Information (Detail) - Performance stock units outstanding [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 26, 2020	Sep. 25, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	3 years
Vesting percentage of the underlying awards	33.33%
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding			$ 78.22
Requisite service period	3 years
Unrecognized share-based compensation cost		$ 23.3
Unrecognized share-based compensation, period for recognition		1 year 4 months 24 days
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	0.00%
Threshold percentage of earnings per share to trigger pay out	65.00%
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
Threshold percentage of earnings per share to trigger pay out	135.00%

Share-Based Compensation - Phantom Stock Units - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 26, 2020	Sep. 30, 2020	Sep. 25, 2020	Jun. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of outstanding stock units		$ 71.16		$ 69.78
Phantom Stock Unit [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	3 years
Fair value of outstanding stock units	$ 82.11
Accrued liability for outstanding stock units	$ 7.2
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding			$ 78.22
Unrecognized share-based compensation cost	$ 42.3
Unrecognized share-based compensation, period for recognition	2 years 1 month 6 days

Share-Based Compensation - Shares Purchased, Weighted Average Purchase Price, Cash Received, and Aggregate Intrinsic Value for ESPP (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 26, 2020	Sep. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Aggregate intrinsic value		$ 2.2
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares purchased	134,601
Weighted average purchase price	$ 48.67
Cash received	$ 6.6
Aggregate intrinsic value	$ 4.6

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 26, 2020	Sep. 30, 2019	Sep. 28, 2019
Income Tax Disclosure [Line Items]
Benefit for income taxes	$ 3.6	$ 3.6	$ (4.9)	$ 4.9
Gross unrecognized tax benefits		22.0
Interest and penalties accrued related to unrecognized tax benefits		1.7
Increase (decrease) in interest and penalties accrued related to unrecognized tax benefits		(0.2)
Maximum [Member]
Income Tax Disclosure [Line Items]
Estimated increase in unrecognized tax benefit in next twelve months		$ 3.4

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Segment, Customers, and Geographic Information - Additional Information (Detail)	3 Months Ended
	Sep. 30, 2020 Segment Product
Segment Reporting [Abstract]
Number of operating segments \| Segment	1
Number of product \| Product	3

Segment, Customers, and Geographic Information - Net Revenue within Geographic Areas Based on Customers' Locations (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 328.4	$ 339.9
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	131.2	176.8
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	103.1	63.2
Taiwan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	71.8	65.2
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	16.0	16.5
South Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	5.0	16.4
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 1.3	$ 1.8

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Segment, Customers, and Geographic Information - Net Revenue from External Customers (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Revenue from External Customer [Line Items]
Net revenue	$ 328.4	$ 339.9
Mobile Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	133.5	184.3
PC Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	80.5	67.8
Internet of Things Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	$ 114.4	$ 87.8

- Definition

+ References

+ Details

Segment, Customers, and Geographic Information - Major Customers as Percentage of Net Revenue (Detail) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Customer A [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	21.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	13.00%
Customer C [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage		12.00%
Customer D [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage		12.00%

Segment, Customers, and Geographic Information - Major Customers as Percentage of Net Revenue (Parenthetical) (Detail)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Customer Concentration Risk [Member] \| Sales Revenue, Net [Member] \| Maximum [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	10.00%	10.00%

Segment, Customers, and Geographic Information - Major Customer Accounts Receivable as Percentage of Accounts Receivable (Detail) - Accounts Receivable [Member] - Credit Concentration Risk [Member]	3 Months Ended	12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020
Customer A [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	25.00%	21.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	18.00%	18.00%

Restructuring Activities - Restructuring Liability Activities (Detail) - Employee Severance and Benefits [Member] $ in Millions	3 Months Ended
	Sep. 30, 2020 USD ($)
Fiscal 2021 Restructuring Plan [Member]
Restructuring Cost And Reserve [Line Items]
Additional accruals	$ 3.7
Cash payments	(1.9)
Ending Balance	1.8
Fiscal 2020 Retructucturing Plan [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring Reserve	6.1
Additional accruals	1.9
Cash payments	(6.1)
Ending Balance	$ 1.9