0000950170-22-017628 | 10-K | XBRL Viewer

Net income

Net Income Per Share

12 Months Ended

Jun. 25, 2022

2. Net Income Per Share

The computation of basic and diluted net income per share for fiscal 2022, 2021, and 2020 was as follows (in millions, except per share amounts):


	2022		2021		2020
Numerator:
Net income	$	257.5	$	79.6	$	118.8
Denominator:
Shares, basic		39.0		34.8		33.6
Effect of dilutive share-based awards and convertible notes		1.7		3.5		1.2
Shares, diluted		40.7		38.3		34.8
Net income per share:
Basic	$	6.60	$	2.29	$	3.54
Diluted	$	6.33	$	2.08	$	3.41

Diluted net income per share does not include the effect of potential common shares related to certain share-based awards for fiscal 2022, 2021, and 2020 as follows (in millions):


	2022		2021		2020
Share-based awards		0.1		-		0.7

These share-based awards were not included in the computation of diluted net income per share because the proceeds received, if any, from such share-based awards combined with the average unamortized compensation costs, were greater than the average market price of our common stock, and therefore, their effect would have been antidilutive.

Our basic net income per share amounts for each period presented have been computed using the weighted average number of shares of common stock outstanding. Our diluted net income per share amounts for each period presented include the weighted average effect of potentially dilutive shares. We used the “treasury stock” method to determine the dilutive effect of outstanding stock options, RSUs, MSUs, PSUs and convertible notes.

Fair Value Measurements - Schedule of financial assets measured at fair value on a recurring basis (Details) - Estimate Of Fair Value Fair Value Disclosure Member $ in Millions	Jun. 25, 2022 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets at fair value	$ 64.1
Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	7.8
Corporate Debt Securities Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	41.8
Money Market Funds Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	12.1
Certificates of Deposit Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	2.4
Level 1 Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets at fair value	12.1
Level 1 Member \| Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0.0
Level 1 Member \| Corporate Debt Securities Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0.0
Level 1 Member \| Money Market Funds Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	12.1
Level 1 Member \| Certificates of Deposit Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0.0
Level 2 Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets at fair value	52.0
Level 2 Member \| Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	7.8
Level 2 Member \| Corporate Debt Securities Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	41.8
Level 2 Member \| Money Market Funds Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	0.0
Level 2 Member \| Certificates of Deposit Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	2.4
Level 3 Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets at fair value	0.0
Level 3 Member \| Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0.0
Level 3 Member \| Corporate Debt Securities Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	0.0
Level 3 Member \| Money Market Funds Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	0.0
Level 3 Member \| Certificates of Deposit Member
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	$ 0.0

Stockholders' Equity

12 Months Ended

Jun. 25, 2022

Equity [Abstract]

Stockholders' Equity

10. Stockholders’ Equity

Preferred Stock

We are authorized, subject to limitations imposed by Delaware law, to issue up to a total of 10,000,000 shares of preferred stock in one or more series without stockholder approval. Our Board of Directors has the power to establish, from time to time, the number of shares to be included in each series and to fix the rights, preferences, and privileges of the shares of each wholly unissued series and any of its qualifications, limitations, or restrictions. Our Board of Directors can also increase or decrease the number of shares of a series, but not below the number of shares of that series then outstanding, without any further vote or action by the stockholders.

Our Board of Directors may authorize the issuance of preferred stock with voting or conversion rights that could harm the voting power or other rights of the holders of our common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring, or preventing a change in control of our company and might harm the market price of our common stock and the voting power and other rights of the holders of our common stock. As of the end of fiscal 2022, there were no shares of preferred stock outstanding.

Shares Reserved for Future Issuance

Shares of common stock reserved for future issuance as of the end of fiscal 2022 were as follows:


Stock options outstanding			31,185
Restricted stock units outstanding			1,220,573
Market stock units outstanding			251,974
Performance stock units outstanding			441,375
Awards available for grant under all share-based compensation plans			4,449,604
Reserved for future issuance			6,394,711

Treasury Stock

Our cumulative authorization of repurchases under our common stock repurchase program as of the end of fiscal 2022 was $1.8 billion expiring July 2025. The program authorizes us to repurchase our common stock in the open market or in privately negotiated transactions depending upon market conditions and other factors. The number of shares repurchased and the timing of repurchases is based on the level of our cash balances, general business and market conditions, and other factors, including alternative investment opportunities. Common stock repurchased under this program is held as treasury stock. As of the end of fiscal 2022, we had $577.4 million of common stock remaining to be repurchased under our common stock repurchase program. During fiscal 2022 and 2021, we issued 3.5 million and 0.1 million shares, respectively, from treasury stock for settlement of redemptions of our convertible notes.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 185.7	$ 222.2
Accumulated depreciation and amortization	(122.8)	(131.0)
Property and equipment, net	62.9	91.2
Land [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	0.0	13.3
Building and Building Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 0.0	52.7
Building and Building Improvements [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	35 years
Computer Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 19.3	22.9
Estimated useful lives	3 years
Computer Equipment [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	5 years
Manufacturing Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 93.3	71.9
Manufacturing Equipment [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	1 year
Manufacturing Equipment [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	5 years
Furniture, Fixtures and Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 39.6	27.2
Furniture, Fixtures and Leasehold Improvements [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	3 years
Furniture, Fixtures and Leasehold Improvements [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	10 years
Capitalized Software [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 24.3	28.1
Capitalized Software [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	3 years
Capitalized Software [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	7 years
Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 9.2	$ 6.1

Leases, Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
	Feb. 08, 2022	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Commitments Contingencies And Litigation [Line Items]
Lease Option to Extend		The leases expire at various dates through fiscal year 2034, some of which include options to extend the lease for up to seven years.
Lease Expiration Year		2034
Gain from sale and leaseback transaction		$ 5.4	$ 0.0	$ 0.0
Lessee, Operating Lease, Existence of Option to Extend			true
Operating Leases, Expense		$ 12.7
Operating Lease, Weighted Average Remaining Lease Term		8 years 7 days
Operating Lease, Weighted Average Discount Rate, Percent		4.14%
Total rent expense, recognized on a straight-line basis		$ 12.7	$ 10.1
South Bay Development [Member]
Commitments Contingencies And Litigation [Line Items]
Sale Leaseback Transactions Other Payments Required	$ 55.9
Sale Leaseback Transaction, Lease Terms	for an initial term of 12 years and a renewal option for an additional seven years

Share-Based Compensation - Fair Value of Each Award Granted Under ESPP (Detail) - Employee Stock Purchase Plan [Member]	12 Months Ended
	Jun. 26, 2021	Jun. 29, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected life in years	6 months
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility	43.80%	43.80%
Risk-free interest rate	0.12%	2.43%
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility	57.00%	44.20%
Risk-free interest rate	1.63%	2.68%

Leases, Commitments and Contingencies - Schedule of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Leases Commitments And Contingencies [Abstract]
Cash paid for operating leases included in operating cash flows	$ 12.5	$ 10.0
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$ 42.5	$ 21.8

Income Taxes - Provision for Income Taxes Differs from Federal Statutory Rate (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Income Tax Disclosure [Abstract]
Provision at U.S. federal statutory tax rate	$ 67.3	$ 25.1	$ 33.5
State income taxes	0.0	0.1	0.0
Non-deductible share-based compensation	7.9	5.2	3.0
(Windfall)/shortfall related to share-based compensation	(18.1)	(3.8)	2.1
Non-deductible officer compensation	6.4	6.4	1.9
Business credits	(10.0)	(3.8)	(6.1)
Foreign tax differential	6.4	(6.7)	4.9
Foreign income inclusion	3.6	5.2	0.7
Deferred taxes on unremitted foreign earnings	0.7	3.5	0.0
Other differences	0.4	0.2	(1.4)
Provision for income taxes	$ 64.6	$ 31.4	$ 38.6

Restructuring Activities (Additional Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Restructuring and Related Activities [Abstract]
Restructuring and Related Cost, Incurred Cost	$ 18.3	$ 7.4

Leases, Commitments and Contingencies - Schedule of Components of Leases (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Leases Commitments And Contingencies [Abstract]
Operating lease right-of-use assets	$ 61.2	$ 31.7
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Operating lease liabilities	$ 7.6	$ 9.3
Operating lease liabilities, long-term	$ 51.5	$ 24.0
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Total operating lease liabilities	$ 59.1	$ 33.3

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 25, 2022

Accounting Policies [Abstract]

Accounts Receivable Balance Percentage of Different Customers

The following customers accounted for more than 10% of our accounts receivable balance as of the end of fiscal 2022 and 2021:


	2022	2021
Customer A	17%	15%
Customer B	15%	12%

Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value as of the end of fiscal 2022 and 2021, and consisted of the following (in millions):


	2022		2021
Raw materials and work-in-progress	$	92.2	$	49.1
Finished goods		77.5		32.9
	$	169.7	$	82.0

Schedule of Changes in Goodwill

The following table presents our goodwill balance as of June 25, 2022 and June 26, 2021 (in millions):


	2022		2021
Beginning balance	$	570.0	$	360.8
Acquisition activity		236.6		209.2
Ending balance	$	806.6	$	570.0

Other Accrued Liabilities

As of the end of fiscal 2022 and 2021, other accrued liabilities consisted of the following (in millions):


	2022		2021
Customer obligations	$	88.6	$	43.1
Inventory obligations		14.1		17.0
Operating lease liabilities		7.6		9.3
Other		35.0		26.8
	$	145.3	$	96.2

Other Long-Term Accrued Liabilities

As of the end of fiscal 2022 and 2021, other long-term accrued liabilities consisted of the following (in millions):



	2022		2021
Income taxes payable, long-term	$	29.1	$	15.4
Non-current deferred tax liability		52.6		27.1
Operating lease liabilities, long-term		51.5		24.0
Other		19.4		12.0
	$	152.6	$	78.5

Stockholders' Equity - Additional Information (Detail) - USD ($)	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Class Of Stock [Line Items]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	0	0
Stock repurchase program authorized amount	$ 1,800,000,000
Common stock repurchase program expiry date	Jul. 31, 2025
Stock repurchase program remaining authorized amount	$ 577,400,000
Treasury Stock issued	3,500,000	100,000

Fair Value Measurements (Tables)

12 Months Ended

Jun. 25, 2022

Fair Value Disclosures [Abstract]

Schedule of financial assets measured at fair value on a recurring basis

At June 25, 2022, financial assets measured at fair value on a recurring basis are summarized below (in millions):


	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	12.1	$	-	$	-	$	12.1
Short-term investments:
Certificates of deposit		-		2.4		-		2.4
Corporate debt securities		-		41.8		-		41.8
Municipal bonds		-		7.8		-		7.8
	$	12.1	$	52.0	$	-	$	64.1

Schedule of carrying amounts and estimated fair values of the Senior Notes and Term Debt

The carrying amounts and estimated fair values of the Senior Notes and Term Debt are as follows for the periods presented (in millions):


	June 25, 2022				June 26, 2021
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Senior Notes due 2029	$	395.0	$	326.9	$	400.0	$	401.5
Term Loan due 2028		586.7	$	575.0		-		-
Convertible notes due 2022		-		-	$	505.6	$	1,013.3
	$	981.7	$	901.9	$	905.6	$	1,414.8

Share-Based Compensation - Share-Based Compensation Awards Available for Grant or Issuance (Detail)	12 Months Ended
	Jun. 25, 2022 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Balance beginning	3,381,840
Additional shares authorized	2,000,000
Restricted stock units granted	(641,690)
Market stock units granted	(65,000)
Performance stock units granted	(96,914)
Performance stock units performance adjustment	(133,627)
Market stock units performance adjustment	(69,728)
Purchases under employee stock purchase plan	(138,502)
Forfeited	337,171
Plan shares no longer available for new grants	(123,946)
Balance ending	4,449,604
2019 Employee Inducement Equity Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance stock units performance adjustment	(0)
Forfeited	27,768
Plan shares no longer available for new grants	(27,768)
Balance ending	0
2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Balance beginning	1,208,582
Purchases under employee stock purchase plan	(138,502)
Balance ending	1,070,080
DSPG Replacement Award Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Balance beginning	58,851
Restricted stock units granted	(58,851)
Balance ending
2019 [Member] \| Share-Based Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Balance beginning	2,114,407
Additional shares authorized	2,000,000
Transferred between plans	14,625
Restricted stock units granted	(582,839)
Market stock units granted	(65,000)
Performance stock units granted	(96,914)
Performance stock units performance adjustment	(133,627)
Market stock units performance adjustment	(33,675)
Forfeited	162,547
Balance ending	3,379,524
2010 [Member] \| Share-Based Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Transferred between plans	(14,625)
Performance stock units performance adjustment	(0)
Market stock units performance adjustment	(36,053)
Forfeited	146,856
Plan shares no longer available for new grants	(96,178)

Income Taxes - Tabular Disclosure of Income (Loss) Before Income Tax Between Domestic and Foreign Jurisdictions (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Income Loss From Operations Before Provision Benefit For Income Taxes [Line Items]
Income/(loss) before provision for income taxes	$ 320.5	$ 120.1	$ 159.4
United States [Member]
Income Loss From Operations Before Provision Benefit For Income Taxes [Line Items]
Income/(loss) before provision for income taxes	(44.8)	(21.0)	(13.5)
Foreign [Member]
Income Loss From Operations Before Provision Benefit For Income Taxes [Line Items]
Income/(loss) before provision for income taxes	$ 365.3	$ 141.1	$ 172.9

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Share-Based Compensation - Shares Purchased, Weighted Average Purchase Price, Cash Received, and Aggregate Intrinsic Value for ESPP (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares purchased	138,502
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 2.1
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares purchased	138,502	220,389	346,502
Weighted average purchase price	$ 97.90	$ 57.00	$ 30.50
Cash received	$ 13.6	$ 12.6	$ 10.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 12.5	$ 10.3	$ 10.1

Share Based Compensation - Schedule of Stock Option Activity (Detail) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 25, 2022 USD ($) $ / shares shares
Share-based Payment Arrangement [Abstract]
Stock Option Awards Outstanding, Balance at June 2021 \| shares	55,061
Stock Option Awards Outstanding, Exercised \| shares	(23,876)
Stock Option Awards Outstanding, Balance at June 2022 \| shares	31,185
Stock Option Awards Outstanding, Exercisable at June 2022 \| shares	31,185
Weighted Average Exercise Price, Balance at June 2021 \| $ / shares	$ 66.68
Weighted Average Exercise Price, Exercised \| $ / shares	73.44
Weighted Average Exercise Price, Balance at June 2022 \| $ / shares	61.50
Weighted Average Exercise Price, Exercisable at June 2022 \| $ / shares	$ 61.50
Intrinsic Value, Balance at June 2022 \| $	$ 2.1
Intrinsic Value, Exercisable at June 2022 \| $	$ 2.1

Organization and Summary of Significant Accounting Policies - Other Long Term Accrued Liabilities (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Payables and Accruals [Abstract]
Income taxes payable, long-term	$ 29.1	$ 15.4
Non-current deferred tax liability	52.6	27.1
Operating lease liabilities, long-term	$ 51.5	$ 24.0
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Other	$ 19.4	$ 12.0
Other accrued liabilities	$ 152.6	$ 78.5

Organization and Summary of Significant Accounting Policies

12 Months Ended

Jun. 25, 2022

Accounting Policies [Abstract]

Organization and Summary of Significant Accounting Policies

1. Organization and Summary of Significant Accounting Policies

Organization and Basis of Presentation

We are a leading worldwide developer and fabless supplier of premium mixed signal semiconductor solutions changing the way humans engage with connected devices and data, engineering exceptional experiences throughout the home, at work, in the car and on the go. Our current served markets include Internet of Things, or IoT, personal computer, or PC, and Mobile. We deliver complete chip, firmware and software semiconductor solutions that allow our customers to seamlessly integrate advanced functions into their end products.

The consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles, or U.S. GAAP, and include our financial statements and those of our wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated upon consolidation. Certain reclassifications have been made to the amounts for prior years in order to conform to the current year’s presentation

Our fiscal year is the 52- or 53-week period ending on the last Saturday in June. The fiscal years presented in this report were 52-week periods ended June 25, 2022, June 26, 2021 and June 27, 2020.

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, 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 Investments

Cash equivalents consist of highly liquid investments with original maturities of three months or less at the time of purchase. Our cash equivalents as of the end of fiscal 2022 and 2021 consisted of bank deposits and money market funds with a fair value of $824.0 million and $836.3 million, respectively.

Short-Term Investments

We classify our investments in debt securities as available-for-sale and record these investments at fair value. Investments with an original maturity of three months or less at the date of purchase are considered cash equivalents, while all other investments are classified as short-term based on management’s intent and ability to use the funds in current operations. Unrealized gains and losses are reported as a component of other comprehensive income (loss). Realized gains and losses are determined based on the specific identification method, and are reflected as other income (expense), net in our Consolidated Statements of Operations.

We regularly review our investment portfolio to identify and evaluate investments that have indicators of possible impairment. Factors considered in determining whether a loss is other-than-temporary include, but are not limited to: the length of time and extent a security’s fair value has been below its cost, the financial condition and near-term prospects of the investee, the credit quality of the security’s issuer, likelihood of recovery and our intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in value. For our debt instruments, we also evaluate whether we have the intent to sell the security or it is more likely than not that we will be required to sell the security before recovery of its cost basis.

Fair Value Measurements

We apply fair value accounting for all financial assets and liabilities that are required to be recognized or disclosed at fair value in the Consolidated Financial Statements. Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, we consider the principal or most advantageous market in which we would transact, and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The carrying amounts reported in the consolidated

financial statements approximate the fair value for cash, accounts receivable, accounts payable and accrued liabilities due to their short-term nature.

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.

Concentration of Credit Risk

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash equivalents, investments, and accounts receivable. Our investment policy, which is predicated on capital preservation and liquidity, limits investments to U.S. government treasuries and agency issues, taxable securities, and municipal issued securities with a minimum rating of investment grade by the rating agencies.

We sell our products to contract manufacturers that provide manufacturing services for OEMs, to some OEMs directly, and to distributors. We extend credit based on an evaluation of a customer’s financial condition, and we generally do not require collateral.

The following customers accounted for more than 10% of our accounts receivable balance as of the end of fiscal 2022 and 2021:


	2022	2021
Customer A	17%	15%
Customer B	15%	12%

Other Concentrations

Our products include certain components that are currently single sourced. We believe other vendors would be able to provide similar components, however, the qualification of such vendors may require additional lead time. In order to mitigate any potential adverse impact from a supply disruption, we strive to maintain an adequate supply of critical single-sourced components.

Revenue Recognition

Our revenue is primarily generated from the sale of ASIC chips, either directly to a customer or to a distributor. Revenue is 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. 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 other accrued liabilities on our consolidated balance sheets. 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 applied to distributor inventory subject to stock rotation rights 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 arrangement 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. In fiscal 2022, there was no material bad debt charge recorded on accounts receivable. There was $1.2 million of contract assets (i.e., unbilled accounts receivable, deferred commissions) recorded on the consolidated balance sheets as of June 25, 2022, and $1.9 million as of June 26, 2021. Contract assets are presented as part of prepaid expenses and other current assets. Contract liabilities and refund liabilities were $27.3 million and $61.3 million, respectively, as of June 25, 2022, and $7.0 million and $36.1 million, respectively, as of June 26, 2021. Both contract liabilities and refund liabilities are presented as part of customer obligations in other accrued liabilities on our consolidated balance sheets. During fiscal 2022 and 2021, we recognized $3.6 million and $1.8 million, respectively, in revenue related to contract liabilities 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 June 25, 2022, we did not have any remaining unsatisfied performance obligations with an original duration greater than one year. Accordingly, under the optional exception provided by the ASC, we do not disclose revenues allocated to future performance obligations of partially completed contracts. We have elected to account for shipping and handling costs as fulfillment costs before the customer obtains control of the goods. We continue to classify shipping and handling costs as a cost of revenue. We have elected to continue to 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 in the selling, general and administrative expense line item in the consolidated statements of operations) are expensed when the product is shipped because such commissions are incurred after the product has been shipped.

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.

Advertising Costs

Advertising costs, if any, are expensed when incurred.

Allowance for Doubtful Accounts

We maintain allowances for doubtful accounts for estimated losses resulting from the inability of customers to meet their financial obligations. On an ongoing basis, we evaluate the collectability of accounts receivable based on a combination of factors. In circumstances in which we are aware of a specific customer’s potential inability to meet its financial obligation, we record a specific reserve of the bad debt against amounts due. In addition, we make judgments and estimates on the collectability of accounts receivable based on our historical bad debt experience, customers’ creditworthiness, current economic trends, recent changes in customers’ payment trends, and deterioration in customers’ operating results or financial position. If circumstances change adversely, additional bad debt allowances may be required. For the fiscal year ended June 25, 2022 credit losses on our accounts receivable were $0.2 million. There were no credit losses on our accounts receivable for the fiscal year ended June 26, 2021. We believe that an adequate allowance for doubtful accounts has been provided.

Cost of Revenue

Our cost of revenue includes the cost of products shipped to our customers, which primarily includes the cost of products built to our specifications by our contract manufacturers, the cost of silicon wafers supplied by independent semiconductor wafer manufacturers, and the related assembly, package, and test costs of our products. Also included in our cost of revenue are personnel and related costs, including share-based compensation for quality assurance and manufacturing support personnel; logistics costs; depreciation of equipment supporting manufacturing; acquired intangibles amortization; fair value adjustments associated with acquired businesses; inventory write-downs and losses on purchase obligations; and warranty costs.

Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value as of the end of fiscal 2022 and 2021, and consisted of the following (in millions):


	2022		2021
Raw materials and work-in-progress	$	92.2	$	49.1
Finished goods		77.5		32.9
	$	169.7	$	82.0

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. The following factors influence our estimates: changes to or cancellations of customer orders, unexpected or sudden decline in demand, rapid product improvements, technological advances, and termination or changes by our OEM customers of any product offerings incorporating our product solutions.

Property and Equipment

We state property and equipment at cost less accumulated depreciation and amortization. We compute depreciation using the straight-line method over the estimated useful lives of the assets. We amortize leasehold improvements over the shorter of the lease term or the useful life of the asset.

Other Assets

During fiscal 2020, we invested $5.0 million in Eta Compute in exchange for preferred stock. This investment provides us with a strategic relationship that enables us to better address expanded industry opportunities for artificial intelligence applications. The investment is accounted for under the cost method.

In April 2017, we paid $18.4 million for a 14.4% interest in OXi Technology Ltd., or OXi. In April 2019, our investment ownership was reduced to 13.8% as a result of new investment in OXi. We determined the equity method of accounting applied to our investment as we had significant influence over OXi’s operating and financial policies. We recorded our portion of OXi’s net income or net loss on a one quarter lag due to the timing of the availability of OXi’s financial records. We did not have any material related party transactions with OXi. During fiscal 2022, we sold our investment in OXi for $5.0 million. In connection with the sale of our investment in OXi, we recorded a gain of $2.5 million, offset by our share of OXi's net losses of $0.9 million. The net gain of $1.6 million is included in Equity investment (gain) loss in the consolidated statements of operations.

Foreign Currency

The U.S. dollar is our functional and reporting currency. We remeasure our monetary assets and liabilities not denominated in our 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. These foreign currency transactions and remeasurement gains and losses, resulted in a net gain of $5.6 million and $0.2 million in fiscal 2022 and 2020, respectively, and a net loss of $1.4 million in fiscal 2021. Gains and losses resulting from foreign currency transactions are included in selling, general, and administrative expenses in the consolidated statements of operations.

Goodwill

Goodwill represents the excess of the purchase price of an acquired business over the identifiable assets acquired and liabilities assumed. We test for impairment of goodwill on an annual basis in the fourth quarter and at any other time when events occur or circumstances indicate that the carrying amount of goodwill may not be recoverable. We have the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. The qualitative factors we assess include long-term prospects of our performance, share price trends and market capitalization, and Company specific events. Unanticipated events and circumstances may occur that affect the accuracy of our assumptions, estimates and judgments.

If we determine that as a result of the qualitative assessment that it is more likely than not (i.e., greater than 50% likelihood) that the fair value of a reporting unit is less than its carrying amount, then the quantitative test is required. Otherwise, no further testing is required. The quantitative goodwill impairment test requires us to estimate the fair value of our reporting units. If the carrying value of a reporting unit exceeds its fair value, the goodwill of that reporting unit is potentially impaired and we record an impairment loss equal to the excess of the carrying value of the reporting unit over its fair value, not to exceed the carrying amount of goodwill. The fair value of each of our goodwill reporting units is generally estimated using discounted cash flow methodologies.

Based on the impairment analysis performed in the fourth quarter of each year presented, the fair value of our reporting units exceeded the carrying value; as such, our annual qualitative assessment did not indicate that a more detailed quantitative analysis was necessary and no goodwill impairment was recognized for each period presented.

Intangible Assets

Intangible assets consist primarily of intangible assets purchased through acquisitions. Finite-lived intangible assets are amortized for financial reporting purposes using the straight-line method over the estimated useful lives of the assets ranging from 1 to 6 years. Indefinite-lived intangible assets are not amortized but tested annually for impairment on an annual basis in the fourth quarter, or when events or changes in circumstances indicate that indefinite-lived intangible assets might be impaired.

Impairment of Long-Lived Assets

We evaluate long-lived assets, such as property and equipment and intangible assets subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. We measure recoverability of assets to be held and used by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. We review the carrying value of indefinite-lived intangible assets for impairment at least annually during the last quarter of our fiscal year, or more frequently if we believe indicators of impairment exist. If the carrying amount of the asset exceeds its estimated undiscounted future cash flows, we recognize an impairment charge in an amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of would be separately presented in the consolidated balance sheets and reported at the lower of the carrying amount or fair value less costs to sell and would no longer be depreciated. The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset and liability sections of the consolidated balance sheets. No impairment of long-lived assets was recognized for fiscal 2022, 2021, and 2020.

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 consolidated balance sheet. Operating lease liabilities are separated into a current portion, included within other accrued liabilities on our consolidated balance sheet, and a non-current portion, included within other long-term liabilities on our 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 if a triggering event 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.

Other Accrued Liabilities and Other Long-Term Liabilities

As of the end of fiscal 2022 and 2021, other accrued liabilities consisted of the following (in millions):


	2022		2021
Customer obligations	$	88.6	$	43.1
Inventory obligations		14.1		17.0
Operating lease liabilities		7.6		9.3
Other		35.0		26.8
	$	145.3	$	96.2

As of the end of fiscal 2022 and 2021, other long-term accrued liabilities consisted of the following (in millions):



	2022		2021
Income taxes payable, long-term	$	29.1	$	15.4
Non-current deferred tax liability		52.6		27.1
Operating lease liabilities, long-term		51.5		24.0
Other		19.4		12.0
	$	152.6	$	78.5

Segment Information

We operate in one segment: the development, marketing, and sale of human experience semiconductor solutions for electronic devices and products. The chief operating decision maker, or CODM, is our CEO, Our CODM evaluates financial performance and allocates resources using financial information reported on a company-wide basis.

Share-Based Compensation

We charge the estimated fair value less actual forfeitures to earnings on a straight-line basis over the vesting period of the entire underlying award, which is generally three or four years for our restricted stock units, or RSU, awards, three years for our market stock units, or MSU, awards, three years for our performance stock units, or PSU, awards, and up to one year for shares purchased under our 2019 employee stock purchase plan .

We estimate the fair value of market-based MSUs at the date of grant using a Monte Carlo simulation model and amortize those fair values over the requisite service period, which is generally three years. The Monte Carlo simulation model that we use to estimate the fair value of market-based MSUs at the date of grant incorporates into the valuation the possibility that the market condition may not be satisfied. Provided that the requisite service is rendered, the total fair value of the market-based MSUs at the date of grant must be recognized as compensation expense even if the market condition is not achieved. However, the number of shares that ultimately vest can vary significantly with the performance of the specified market criteria.

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. As our phantom stock is a cash-settled award, it is recorded as a liability and remeasured each reporting period.

Income Taxes

We account for income taxes under the asset and liability method. We recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. We recognize the effect of a change in tax rates in income on deferred tax assets and liabilities in the period that includes the enactment date. We establish valuation allowances when necessary to reduce deferred tax assets to the amounts that are more likely than not to be realized.

We use a two-step approach to recognizing and measuring uncertain tax positions. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being

realized upon ultimate settlement with a taxing authority. The calculation of tax liabilities involves significant judgment in estimating the impact of uncertainties in the application of highly complex tax laws. Resolution of these uncertainties in a manner inconsistent with our expectations could have a material impact on our consolidated financial position, results of operations, and cash flows. We believe we have adequately provided for reasonably foreseeable outcomes in connection with the resolution of income tax uncertainties. However, our results have in the past, and could in the future, include favorable and unfavorable adjustments to our estimated tax liabilities in the period a determination of such estimated tax liability is made or resolved, upon the filing of an amended return, upon a change in facts, circumstances, or interpretation, or upon the expiration of a statute of limitation. Accordingly, our effective tax rate could fluctuate materially from period to period.

Product Warranty

We generally provide warranties to cover defects in workmanship, materials and manufacturing for a period of twelve months to meet the stated functionality as agreed to in each sales arrangement. Products are tested against specified functionality requirements prior to delivery, but we nevertheless from time to time experience claims under our warranty guarantees. These standard warranties are assurance type warranties and do not offer any services in addition to the assurance that the product will continue working as specified. Therefore, warranties are not considered separate performance obligations in the arrangement. We accrue for estimated warranty costs under those guarantees based upon historical experience, and for specific items, at the time their existence is known and the amounts are determinable.

Business Combinations

In accordance with the guidance for business combinations, we determine whether a transaction or other event is a business combination, which requires that the assets acquired and liabilities assumed constitute a business. Each business combination is then accounted for by applying the acquisition method. If the assets acquired are not a business, we account for the transaction or other event as an asset acquisition. Under both methods, we recognize the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquired entity. We capitalize acquisition-related costs and fees associated with asset acquisitions and immediately expense acquisition-related costs and fees associated with business combinations.

We allocate the fair value of purchase consideration to the tangible assets acquired, liabilities assumed and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair values of assets acquired and liabilities assumed, we make significant estimates and assumptions, especially with respect to intangible assets. Critical estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from customer relationships and acquired developed technology and discount rates. Our estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ materially from estimates. Other estimates associated with the accounting for acquisitions may change as additional information becomes available regarding the assets acquired and liabilities assumed. Any change in facts and circumstances that existed as of the acquisition date and impacts our preliminary estimates is recorded to goodwill if identified within the measurement period. Any adjustments subsequent to the measurement period or our final determination of fair value of assets and liabilities, will be charged to earnings.

Research and Development

Research and development costs are expensed as incurred.

Segment, Customers, and Geographic Information - Long-Lived Assets within Geographic Areas (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Long Lived Assets By Geographical Areas [Line Items]
Long-lived assets	$ 1,259.5	$ 962.7
United States [Member]
Long Lived Assets By Geographical Areas [Line Items]
Long-lived assets	118.2	168.5
Asia/Pacific [Member]
Long Lived Assets By Geographical Areas [Line Items]
Long-lived assets	624.7	191.9
Europe [Member]
Long Lived Assets By Geographical Areas [Line Items]
Long-lived assets	$ 516.6	$ 602.3

Net Income Per Share (Tables)

12 Months Ended

Jun. 25, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Share

The computation of basic and diluted net income per share for fiscal 2022, 2021, and 2020 was as follows (in millions, except per share amounts):


	2022		2021		2020
Numerator:
Net income	$	257.5	$	79.6	$	118.8
Denominator:
Shares, basic		39.0		34.8		33.6
Effect of dilutive share-based awards and convertible notes		1.7		3.5		1.2
Shares, diluted		40.7		38.3		34.8
Net income per share:
Basic	$	6.60	$	2.29	$	3.54
Diluted	$	6.33	$	2.08	$	3.41

Share-Based Awards, not Included in Calculation of Diluted Net Income Per Share

Diluted net income per share does not include the effect of potential common shares related to certain share-based awards for fiscal 2022, 2021, and 2020 as follows (in millions):


	2022		2021		2020
Share-based awards		0.1		-		0.7

Goodwill and Acquired Intangible Assets (Tables)

12 Months Ended

Jun. 25, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table presents our goodwill balance as of June 25, 2022 and June 26, 2021 (in millions):


	2022		2021
Beginning balance	$	570.0	$	360.8
Acquisition activity		236.6		209.2
Ending balance	$	806.6	$	570.0

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

The following table summarizes the life, the gross carrying value of our acquired intangible assets, and the related accumulated amortization as of the end of fiscal 2022 and 2021 (in millions):


			2022							2021
	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		5.6	$	232.1	$	(109.3	)	$	122.8	$	138.6	$	(97.6	)	$	41.0
Customer relationships		4.1		170.5		(99.7	)		70.8		125.5		(63.8	)		61.7
Wireless connectivity technology		5.7		128.0		(33.8	)		94.2		93.0		(14.2	)		78.8
Video interface technology		3.0		82.0		(52.4	)		29.6		82.0		(25.1	)		56.9
Display driver technology		7.0		20.4		(20.4	)		—		20.4		(17.5	)		2.9
Backlog	Not applicable			—		—			—		12.0		(12.0	)		—
Licensed technology and other		4.5		9.9		(7.5	)		2.4		13.0		(8.1	)		4.9
Patents		8.0		4.4		(3.7	)		0.7		4.4		(3.2	)		1.2
Tradename		4.4		5.8		(3.3	)		2.5		4.8		(1.7	)		3.1
In process research and development	Not applicable			67.0		—			67.0		51.0		—			51.0
Acquired intangibles, gross		5.0	$	720.1	$	(330.1	)	$	390.0	$	544.7	$	(243.2	)	$	301.5

Schedule of Expected Annual Aggregate Amortization Expense

The following table presents expected annual aggregate amortization expense in future fiscal years (in millions):


2023	$	127.5
2024		66.9
2025		60.0
2026		47.0
2027		16.6
Thereafter		5.0
To be determined		67.0
Future amortization	$	390.0

Share-Based Compensation (Tables)

12 Months Ended

Jun. 25, 2022

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

Share-Based Compensation Awards Available for Grant or Issuance

Share-based compensation awards available for grant or issuance for each plan as of the beginning of the fiscal year, including changes in the balance of awards available for grant for fiscal 2022, were as follows:


	Awards						2019			2019
	Available			2019			Employee			Employee			2010
	Under All			Incentive			Inducement			Stock			Incentive			DSPG
	Share-Based			Compensation			Equity			Purchase			Compensation			Replacement Award
	Award Plans			Plan			Plan			Plan			Plan			Plan
Balance at June 2021		3,381,840			2,114,407			—			1,208,582			—			58,851
Additional shares authorized		2,000,000			2,000,000			—			—			—			—
Transferred between plans		-			14,625			—			—			(14,625	)		—
Restricted stock units granted		(641,690	)		(582,839	)		—			—			—			(58,851	)
Market stock units granted		(65,000	)		(65,000	)		—			—			—			—
Performance stock units granted		(96,914	)		(96,914	)		—			—			—			—
Performance stock units performance adjustment		(133,627	)		(133,627	)		—			—			—			—
Market stock units performance adjustment		(69,728	)		(33,675	)		—			—			(36,053	)		—
Purchases under employee stock purchase plan		(138,502	)		—			—			(138,502	)					—
Forfeited		337,171			162,547			27,768			—			146,856			—
Plan shares no longer available for new grants		(123,946	)		—			(27,768	)		—			(96,178	)		—
Balance at June 2022		4,449,604			3,379,524			—			1,070,080			—			—

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 consolidated statements of income for fiscal 2022, 2021, and 2020 were as follows (in millions):


	2022		2021		2020
Cost of revenue	$	4.0	$	3.4	$	2.1
Research and development		42.5		45.4		32.3
Selling, general, and administrative		54.4		44.3		26.0
Total	$	100.9	$	93.1	$	60.4
Income tax benefit on share-based compensation	$	23.1	$	15.2	$	6.3

Schedule of Stock Option Activity

Certain stock option activity for fiscal 2022 and balances as of the end of fiscal 2022 were as follows:


	Stock			Weighted
	Option			Average		Intrinsic
	Awards			Exercise		Value
	Outstanding			Price		(In millions)
Balance at June 2021		55,061		$	66.68
Exercised		(23,876	)		73.44
Balance at June 2022		31,185			61.50	$	2.1
Exercisable at June 2022		31,185			61.50	$	2.1

Cash Received and Aggregate Intrinsic Value of Stock Options Exercised

Cash received and the aggregate intrinsic value of stock options exercised for fiscal 2022, 2021, and 2020 were as follows (in millions):


	2022		2021		2020
Cash received	$	5.3	$	23.9	$	23.9
Aggregate intrinsic value	$	3.6	$	8.6	$	10.8

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

Shares purchased, weighted average purchase price, cash received, and the aggregate intrinsic value for employee stock purchase plan purchases in fiscal 2022, 2021, and 2020 were as follows (in millions, except shares purchased and weighted average purchase price):


	2022		2021		2020
Shares purchased		138,502		220,389		346,502
Weighted average purchase price	$	97.90	$	57.00	$	30.50
Cash received	$	13.6	$	12.6	$	10.6
Aggregate intrinsic value	$	12.5	$	10.3	$	10.1

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):


	2022		2021		2020
Cost of revenue	$	0.2	$	0.4	$	0.2
Research and development		27.2		21.9		9.1
Selling, general, and administrative		4.7		4.7		1.8
Total	$	32.1	$	27.0	$	11.1

Schedule of Stock Units Activity

Phantom stock activity was as follows:


				Aggregate
	Phantom			Intrinsic
	Stock Units			Value
	Outstanding			(in millions)
Balance as of June 2021		402,458
Paid		(196,420	)
Forfeited		(29,941	)
Balance as of June 2022		176,097		$	22.7

Fair Value of Each Award Granted

The fair value of each MSU granted from our plans for fiscal 2022, 2021, and 2020 was estimated at the date of grant using the Monte Carlo simulation model, assuming no expected dividends and the following assumptions:


	2022			2021			2020
Expected volatility of company		52.61	%		53.62	%	45.46% - 52.55%
Expected volatility of Index	17.4% - 581.6%			19.6% - 197.6%			24.64% - 33.44%
Correlation coefficient		0.53			0.51		0.53 - 0.58
Expected life in years		2.87			2.87		2.50 - 4.00
Risk-free interest rate		0.40	%		0.17	%	0.26% - 1.52%
Fair value per award	$284.43 - $342.89			$131.34 - $175.15			$55.52 - $100.38

Deferred stock units outstanding [Member]

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

Schedule of Stock Units Activity

RSU activity, including RSUs granted, delivered, and forfeited in fiscal 2022, and the balance and aggregate intrinsic value of RSUs as of the end of fiscal 2022 were as follows:


				Aggregate		Weighted
				Intrinsic		Average
	RSU Awards			Value		Grant Date
	Outstanding			(in millions)		Fair Value
Balance at June 2021		1,323,286				$	64.13
Granted		641,690					183.97
Delivered		(578,400	)				63.23
Forfeited		(166,003	)				120.72
Balance at June 2022		1,220,573		$	157.2		119.83

Market stock units outstanding [Member]

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

Schedule of Stock Units Activity

MSU activity, including MSUs granted, delivered, and forfeited in fiscal 2022, and the balance and aggregate intrinsic value of MSUs as of the end of fiscal 2022 were as follows:


				Aggregate		Weighted
				Intrinsic		Average
	MSU Awards			Value		Grant Date
	Outstanding			(in millions)		Fair Value
Balance at June 2021		347,027				$	82.18
Granted		65,000					191.68
Performance adjustment		69,728					—
Delivered		(203,883	)				78.05
Forfeited		(25,898	)				136.26
Balance at June 2022		251,974		$	32.4

Performance stock units outstanding [Member]

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

Schedule of Stock Units Activity

PSU activity, including PSUs granted, delivered, and forfeited in fiscal 2022, and the balance and aggregate intrinsic value of PSUs as of the end of fiscal 2022 were as follows:


				Aggregate		Weighted
				Intrinsic		Average
	PSU Awards			Value		Grant Date
	Outstanding			(in millions)		Fair Value
Balance at June 2021		317,392				$	62.41
Granted		96,914					111.90
Performance adjustment		88,762					—
Delivered		(208,023	)				55.01
Forfeited		(37,142	)				79.79
Balance at June 2022		257,903		$	33.2

Restructuring Activities (Tables)

12 Months Ended

Jun. 25, 2022

Restructuring and Related Activities [Abstract]

Restructuring Liability Activities

The following table summarizes the restructuring activity and related charges during the periods presented (in millions):


	Years Ended
	2022			2021			2020
Balance, beginning of period	$	0.2		$	6.1		$	5.2
Charges		18.3			7.4			33.0
Payments		(17.1	)		(13.3	)		(32.1	)
Balance, end of period	$	1.4		$	0.2		$	6.1

Property and Equipment (Tables)

12 Months Ended

Jun. 25, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment as of the end of fiscal 2022 and 2021 consisted of the following (in millions):


	Life		2022			2021
Land		—	$	-		$	13.3
Building and building improvements	Up to 35 years			-			52.7
Computer equipment	3 - 5 years			19.3			22.9
Manufacturing equipment	1 - 5 years			93.3			71.9
Furniture, fixtures, and leasehold improvements	3 - 10 years			39.6			27.2
Capitalized software	3 - 7 years			24.3			28.1
Construction in progress				9.2			6.1
				185.7			222.2
Accumulated depreciation and amortization				(122.8	)		(131.0	)
Property and equipment, net			$	62.9		$	91.2

Share-Based Compensation - Performance Stock Units - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding shares performance adjustment	183,472
Performance stock units outstanding [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%	33.33%
Shares withheld to meet statutory minimum tax withholding requirements	94,642
Shares valued withheld to meet statutory minimum tax withholding requirements	$ 17.6
Requisite service period	3 years
Unrecognized share-based compensation cost	$ 31.7
Unrecognized share-based compensation, period for recognition	8 months 19 days
Performance stock units outstanding [Member] \| Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	0.00%
Threshold percentage of earnings per share to trigger pay out	75.00%
Performance stock units outstanding [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	200.00%
Threshold percentage of earnings per share to trigger pay out	125.00%

Share-Based Compensation - New Share-Based Compensation Plans - Additional Information (Detail) - shares		12 Months Ended
	Oct. 29, 2019	Jun. 25, 2022	Aug. 19, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized to purchase		2,000,000
Common Stock, Capital Shares Reserved for Future Issuance		6,394,711
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross	0
2019 Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares approved by stockholders	4,590,000
2019 Inducement Equity Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future 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

Segment, Customers, and Geographic Information - Net Revenue from External Customers (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Revenue from External Customer [Line Items]
Net revenue	$ 1,739.7	$ 1,339.6	$ 1,333.9
Mobile Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	295.8	372.0	686.7
PC Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	343.0	354.7	317.4
Internet of Things Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	$ 1,100.9	$ 612.9	$ 329.8

- 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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&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=123359005&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=123359005&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=123351226&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

Organization and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jun. 25, 2022

Accounting Policies [Abstract]

Organization and Basis of Presentation

Our fiscal year is the 52- or 53-week period ending on the last Saturday in June. The fiscal years presented in this report were 52-week periods ended June 25, 2022, June 26, 2021 and June 27, 2020.

Use of Estimates

Cash Equivalents and Investments

Short-Term Investments

Fair Value

Fair Value Measurements

financial statements approximate the fair value for cash, accounts receivable, accounts payable and accrued liabilities due to their short-term nature.

Concentration of Credit Risk

The following customers accounted for more than 10% of our accounts receivable balance as of the end of fiscal 2022 and 2021:


	2022	2021
Customer A	17%	15%
Customer B	15%	12%

Other Concentrations

Revenue Recognition

Advertising Costs

Advertising costs, if any, are expensed when incurred.

Allowance for Doubtful Accounts

Cost of Revenue

Inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value as of the end of fiscal 2022 and 2021, and consisted of the following (in millions):


	2022		2021
Raw materials and work-in-progress	$	92.2	$	49.1
Finished goods		77.5		32.9
	$	169.7	$	82.0

Property and Equipment

Impairment of Long-Lived Assets

Leases

Other Accrued Liabilities and Other Long Term Liabilities

Other Accrued Liabilities and Other Long-Term Liabilities

As of the end of fiscal 2022 and 2021, other accrued liabilities consisted of the following (in millions):


	2022		2021
Customer obligations	$	88.6	$	43.1
Inventory obligations		14.1		17.0
Operating lease liabilities		7.6		9.3
Other		35.0		26.8
	$	145.3	$	96.2

As of the end of fiscal 2022 and 2021, other long-term accrued liabilities consisted of the following (in millions):



	2022		2021
Income taxes payable, long-term	$	29.1	$	15.4
Non-current deferred tax liability		52.6		27.1
Operating lease liabilities, long-term		51.5		24.0
Other		19.4		12.0
	$	152.6	$	78.5

Segment Information

Share-Based Compensation

Income Taxes

Product Warranty

Business Combinations

Research and Development

Research and development costs are expensed as incurred.

Organization and Summary of Significant Accounting Policies - Schedule of Changes in Goodwill (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance	$ 570.0	$ 360.8
Acquisition activity	236.6	209.2
Ending balance	$ 806.6	$ 570.0

Restructuring Activities - Restructuring Liability Activities (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Restructuring Cost And Reserve [Line Items]
Beginning Balance	$ 0.2	$ 6.1	$ 5.2
Charges	18.3	7.4	33.0
Payments	(17.1)	(13.3)	(32.1)
Ending Balance	$ 1.4	$ 0.2	$ 6.1

Organization and Summary of Significant Accounting Policies - Accounts Receivable Balance Percentage of Different Customers (Detail) - Accounts Receivable [Member] - Credit Concentration Risk [Member]	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Customer A [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	17.00%	15.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	15.00%	12.00%

Acquisitions, Divestiture and Investment - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions				1 Months Ended		12 Months Ended
	Aug. 30, 2021	Jul. 17, 2020	Jul. 02, 2020	Dec. 31, 2020	Apr. 30, 2020	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020	Dec. 25, 2021	Jul. 31, 2020
Business Acquisition [Line Items]
Goodwill						$ 806.6	$ 570.0	$ 360.8
Allocation of Stock Based Compensation Replacement Awards						1.7
Net revenue						1,739.7	1,339.6	1,333.9
Gain on sale of assets						0.0	0.0	$ 105.1
Asset Purchase Agreement [Member]
Business Acquisition [Line Items]
Proceeds From Divestiture Of Businesses Net Of Cash Divested				$ 35.0	$ 138.7
Gain on sale of assets				$ 34.2	105.1
Assets held for sale					$ 33.6
Display Link Corporation Member
Business Acquisition [Line Items]
Acquisition agreement date		Jul. 17, 2020
Business acquisition, ownership percentage		100.00%
Cash		$ 305.0
Purchase price held in escrow		$ 3.1
Acquisition closing effective date		Jul. 31, 2020
Net cash transferred						444.0
Goodwill							0.9			$ 106.4
Increase in prepaid expense							2.3
Decrease in other accrued liabilities							0.8
Other long-term liabilities							1.4
Fair value of other acquired net tangible assets							1.7
Business acquisition, Goodwill expected income tax deductible amount						0.0
Net revenue						$ 115.3	110.0
Pro forma adjustments to net income/(loss)							1.1
Prepaid expenses and other current assets										$ 9.1
Decrease in other accrued liabilities							(0.8)
Display Link Corporation Member \| Maximum [Member]
Business Acquisition [Line Items]
Discount Rate						11.50%
Display Link Corporation Member \| Minimum [Member]
Business Acquisition [Line Items]
Discount Rate						11.00%
Broadcom Wireless Connectivity [Member]
Business Acquisition [Line Items]
Acquisition agreement date			Jul. 02, 2020
Cash			$ 250.0
Acquisition closing effective date			Jul. 23, 2020
Net revenue						$ 228.8	100.4
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
Business combination, cost of services						$ 5.8	15.8
Discount Rates Applied To Estimated Cash Flows For Order Backlog						2.20%
Discount Rates Applied To Estimated Cash Flows For All Intangible Assets Acquired						13.00%
Broadcom Wireless Connectivity [Member] \| Derivative And Roadmap Product Agreement
Business Acquisition [Line Items]
Net cash transferred						$ 3.5
Business combination, cost of services						25.0
Cash payments to employees from acquisitions						2.0
DSPG Member
Business Acquisition [Line Items]
Acquisition agreement date	Aug. 30, 2021
Acquisition closing effective date	Dec. 02, 2021
Goodwill						236.6			$ 256.6
Business acquisition price per share	$ 22.00
Net revenue						83.8
Increase decrease in net income						5.9	$ 86.3
Prepaid expenses and other current assets						$ 4.0
DSPG Member \| Maximum [Member]
Business Acquisition [Line Items]
Discount Rate						18.00%
DSPG Member \| Minimum [Member]
Business Acquisition [Line Items]
Discount Rate						4.00%

Stockholders' Equity (Tables)

12 Months Ended

Jun. 25, 2022

Equity [Abstract]

Shares Reserved for Future Issuance

Shares of common stock reserved for future issuance as of the end of fiscal 2022 were as follows:


Stock options outstanding			31,185
Restricted stock units outstanding			1,220,573
Market stock units outstanding			251,974
Performance stock units outstanding			441,375
Awards available for grant under all share-based compensation plans			4,449,604
Reserved for future issuance			6,394,711

Segment, Customers, and Geographic Information - Additional Information (Detail) $ in Millions	12 Months Ended
	Jun. 25, 2022 USD ($) Segment Product	Jun. 26, 2021 USD ($) ReportingUnit	Jun. 27, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment	1
Number of product \| Product	3
Goodwill	$ 806.6	$ 570.0	$ 360.8
Net revenue	1,739.7	$ 1,339.6	1,333.9
Internet of Things and Mobile/PC
Segment Reporting Information [Line Items]
Goodwill	806.6
Number of reporting units \| ReportingUnit		2
Internet of Things Product Applications [Member]
Segment Reporting Information [Line Items]
Net revenue	$ 1,100.9	$ 612.9	329.8
Internet of Things Product Applications [Member] \| Reclassification Adjustment [Member]
Segment Reporting Information [Line Items]
Net revenue		$ 32.0	$ 12.2

- Definition

+ References

+ Details

Net Income Per Share - Share-Based Awards, not Included in Calculation of Diluted Net Income Per Share (Detail) - shares	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Share-Based Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share-based awards	100,000	0	700,000

Income Taxes - Provision for Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Current tax expense/(benefit)
Federal	$ (0.6)	$ 4.1	$ 0.8
State	0.0	0.1	0.0
Foreign	94.9	36.1	35.4
Current Income Tax Expense, Total	94.3	40.3	36.2
Deferred tax expense/(benefit)
Federal	(21.8)	(0.5)	(5.8)
State	0.0	0.0	0.1
Foreign	(7.9)	(8.4)	8.1
Deferred Income Tax Expense/(Benefit), Total	(29.7)	(8.9)	2.4
Provision for income taxes	$ 64.6	$ 31.4	$ 38.6

Segment, Customers, and Geographic Information - Net Revenue within Geographic Areas Based on Customers' Locations (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 1,739.7	$ 1,339.6	$ 1,333.9
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	609.1	524.0	540.6
Taiwan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	539.4	382.6	204.5
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	453.1	330.7	446.5
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	83.9	69.5	77.3
South Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	39.1	28.5	58.3
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 15.1	$ 4.3	$ 6.7

- Definition

+ References

+ Details

Fair Value Measurements - Schedule of carrying amounts and estimated fair values of the Senior Notes (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Dec. 02, 2021
Debt Instrument [Line Items]
Carrying Amount			$ 600.0
Level 2 Member
Debt Instrument [Line Items]
Carrying Amount	$ 981.7	$ 905.6
Estimated Fair Value	901.9	1,414.8
Senior Notes [Member] \| Level 2 Member
Debt Instrument [Line Items]
Carrying Amount	395.0	400.0
Estimated Fair Value	$ 326.9	$ 401.5
Debt due date	2029	2029
Term Loan [Member] \| Level 2 Member
Debt Instrument [Line Items]
Carrying Amount	$ 586.7	$ 0.0
Estimated Fair Value	$ 575.0	$ 0.0
Debt due date	2028	2028
Convertible Debt [Member] \| Level 2 Member
Debt Instrument [Line Items]
Carrying Amount	$ 0.0	$ 505.6
Estimated Fair Value	$ 0.0	$ 1,013.3
Debt due date	2022	2022

Share-Based Compensation - Phantom Stock Units - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of outstanding stock units	$ 61.50	$ 66.68
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	$ 135.07	$ 140.17
Accrued liability for outstanding stock units	$ 15.4	$ 18.4

Share-Based Compensation - Restricted Stock Units - Additional Information (Detail) - Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs granted under the 2010 Incentive Plan	vest ratably over three to four years from the vesting commencement date.
Shares withheld to meet statutory minimum tax withholding requirements	169,529
Shares valued withheld to meet statutory minimum tax withholding requirements	$ 31.4
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding	$ 128.78
Unrecognized share-based compensation cost for RSUs granted	$ 107.1
Unrecognized share-based compensation, period for recognition	1 year 10 months 24 days
Aggregate market value of DSUs	$ 106.4	$ 48.2	$ 36.0

Consolidated Statements of Stockholders Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income [Member]	Retained Earnings [Member]
Balance, value at Jun. 29, 2019	$ 656.4	$ 0.1	$ 1,266.1	$ (1,192.4)		$ 582.6
Balance, shares at Jun. 29, 2019		64,283,948
Net income	118.8					118.8
Issuance of common stock for share-based award compensation plans	34.5		34.5
Issuance of common stock for share-based award compensation plans, shares		1,587,700
Payroll taxes for deferred stock units	(9.7)		(9.7)
Purchases of treasury stock	(30.2)			(30.2)
Share-based compensation	49.3		49.3
Balance, value at Jun. 27, 2020	819.1	$ 0.1	1,340.2	(1,222.6)		701.4
Balance, shares at Jun. 27, 2020		65,871,648
Net income	79.6					79.6
Issuance of common stock for share-based award compensation plans	27.8		27.8
Issuance of common stock for share-based award compensation plans, shares		1,091,358
Payroll taxes for deferred stock units	(0.3)		(17.5)	17.2
Purchases of treasury stock	(28.3)		(28.3)
Share-based compensation	69.3		69.3
Balance, value at Jun. 26, 2021	967.2	$ 0.1	1,391.5	(1,205.4)		781.0
Balance, shares at Jun. 26, 2021		66,963,006
Net income	257.5					257.5
Issuance of common stock for share-based award compensation plans	15.2		15.2
Issuance of common stock for share-based award compensation plans, shares		782,794
Treasury stock issued for redemption of convertible notes	(6.9)		(517.8)	510.9
Payroll taxes for deferred stock units	(67.3)		(67.3)
Other comprehensive loss	(1.8)				$ (1.8)
Share Based Compensation Attributable To Acquisition	1.7		1.7
Share-based compensation	100.8		100.8
Balance, value at Jun. 25, 2022	$ 1,266.4	$ 0.1	$ 924.1	$ (694.5)	$ (1.8)	$ 1,038.5
Balance, shares at Jun. 25, 2022		67,745,800

Acquisitions, Divestiture and Investment - Summary of Unaudited Pro Forma Financial Information Presents Combined Results of Operations (Detail) - USD ($)
$ in Millions

12 Months Ended

Jun. 25, 2022

Jun. 26, 2021

Display Link Corporation Member

Business Acquisition [Line Items]

Revenue

^[1]

$ 1,346.9

Net income

^[1]

72.1

DSPG Member

Business Acquisition [Line Items]

Revenue

$ 1,802.6

1,466.0

Net income

$ 263.4

$ (6.7)

[1]	(1) Includes results of Broadcom Wireless Connectivity Business

Segment, Customers, and Geographic Information

12 Months Ended

Jun. 25, 2022

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 IoT product applications market, the personal computing, or PC, product applications market, and the mobile, product applications market.

Net revenue within geographic areas based on our customers’ locations for fiscal 2022, 2021, and 2020, consisted of the following (in millions):


	2022		2021		2020
China	$	609.1	$	524.0	$	540.6
Taiwan		539.4		382.6		204.5
Japan		453.1		330.7		446.5
Other		83.9		69.5		77.3
South Korea		39.1		28.5		58.3
United States		15.1		4.3		6.7
	$	1,739.7	$	1,339.6	$	1,333.9

Net revenue from external customers for each group of similar products for fiscal 2022, 2021, and 2020 consisted of the following (in millions):


	2022		2021		2020
IoT product applications	$	1,100.9	$	612.9	$	329.8
PC product applications		343.0		354.7		317.4
Mobile product applications		295.8		372.0		686.7
	$	1,739.7	$	1,339.6	$	1,333.9

A reclassification has been made to the prior periods revenue presentation in the above table in order to conform to the current period revenue presentation. The reclassification of $32.0 million and $12.2 million during the fiscal years ended 2021 and 2020, respectively, moved virtual reality product revenue from Mobile product applications to IoT product applications.

Long-lived assets within geographic areas as of the end of fiscal 2022 and 2021 consisted of the following (in millions):


	2022		2021
United States	$	118.2	$	168.5
Asia/Pacific		624.7		191.9
Europe		516.6		602.3
	$	1,259.5	$	962.7

Our goodwill of $806.6 million has been allocated to two reporting units which include IoT and Mobile/PC.

Major customers’ revenue as a percentage of total net revenue for fiscal 2022, 2021, and 2020 were as follows:


	2022	2021	2020
Customer A	*	14%	18%
Customer B	13%	13%	*
Customer C	12%	10%	12%

* Less than 10%

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Segment, Customers, and Geographic Information - Major Customers' Revenue as a Percentage of Total Net Revenue (Detail) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Customer A [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage		14.00%	18.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	13.00%	13.00%
Customer C [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	12.00%	10.00%	12.00%

Employee Benefit Plans

12 Months Ended

Jun. 25, 2022

Retirement Benefits [Abstract]

Employee Benefit Plans

12. Employee Benefit Plans

401(k) Plan

We have a 401(k) Retirement Savings Plan for full-time employees in the U.S. Under the plan, eligible employees may contribute a portion of their net compensation up to the annual limit of $20,500, or $27,000 for employees who are 50 years or older. In fiscal 2022, we provided matching funds of 25% of our employees’ contributions, excluding catch-up contributions.

The employer matching funds vest immediately. We made matching contributions of $1.7 million, $1.8 million and $2.1 million in fiscal 2022, 2021, and 2020, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

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

Acquisitions, Divestiture and Investment - Summary of the final amounts of the fair values recognized (Details) - USD ($)
$ in Millions

Dec. 25, 2021

Jun. 25, 2022

Jun. 26, 2021

Jun. 27, 2020

Business Acquisition [Line Items]

Goodwill

$ 806.6

$ 570.0

$ 360.8

DSPG Member

Business Acquisition [Line Items]

Other current assets, net of cash and cash equivalents acquired

$ 151.9

Goodwill

256.6

236.6

Developed technology and other intangible assets

200.5

Deferred tax asset

0.3

6.7

Other long-term assets

35.6

2.3

Current liabilities

(26.8)

Deferred tax liability

(38.1)

(39.4)

Consideration adjustment

0.0

Other long-term liabilities

(29.1)

$ (6.1)

Fair value of net assets, less cash and cash equivalents

550.9

DSPG Member | Measurement Period Adjustments

Business Acquisition [Line Items]

Other current assets, net of cash and cash equivalents acquired

^[1]

0.0

Goodwill

^[1]

(20.0)

Developed technology and other intangible assets

^[1]

11.5

Deferred tax asset

^[1]

6.4

Other long-term assets

^[1]

1.4

Current liabilities

^[1]

(1.2)

Deferred tax liability

^[1]

(1.3)

Consideration adjustment

^[1]

7.6

Other long-term liabilities

^[1]

(1.6)

Fair value of net assets, less cash and cash equivalents

^[1]

0.0

DSPG Member | As Adjusted [Member]

Business Acquisition [Line Items]

Other current assets, net of cash and cash equivalents acquired

151.9

Goodwill

236.6

Developed technology and other intangible assets

212.0

Deferred tax asset

6.7

Other long-term assets

34.2

Current liabilities

(28.0)

Deferred tax liability

(39.4)

Consideration adjustment

0.0

Other long-term liabilities

(30.7)

Fair value of net assets, less cash and cash equivalents

$ 543.3

[1]	(1) The measurement period adjustments were based upon information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the measurement of the amounts recognized at that date.

Acquisitions, Divestiture and Investment - Summary of Preliminary Estimate of Intangible Assets (Detail) - USD ($) $ in Millions				12 Months Ended
	Jun. 25, 2022	Jul. 31, 2020	Jul. 23, 2020	Jun. 25, 2022
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years				5 years
Display Link Corporation Member
Business Acquisition [Line Items]
Intangible assets		$ 193.0
Broadcom Member
Business Acquisition [Line Items]
Intangible assets			$ 123.0
DSPG Member
Business Acquisition [Line Items]
Intangible assets	$ 212.0			$ 212.0
Developed Technology Rights [Member] \| Display Link Corporation Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		3 years
Intangible assets		$ 82.0
Developed Technology Rights [Member] \| Broadcom Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years			6 years
Intangible assets			$ 93.0
Developed Technology Rights [Member] \| DSPG Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	5 years 2 months 12 days
Intangible assets	$ 150.0			150.0
Customer Contracts And Related Relationships [Member] \| Display Link Corporation Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		3 years
Intangible assets		$ 54.0
Customer Contracts And Related Relationships [Member] \| Broadcom Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years			6 years
Intangible assets			$ 18.0
Customer Contracts And Related Relationships [Member] \| DSPG Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	4 years
Intangible assets	$ 45.0			45.0
In Process Research And Development [Member] \| Display Link Corporation Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		4 years
Intangible assets		$ 51.0
In Process Research And Development [Member] \| DSPG Member
Business Acquisition [Line Items]
Intangible assets	$ 16.0			$ 16.0
Trade Names [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years				4 years 4 months 24 days
Trade Names [Member] \| Display Link Corporation Member
Business Acquisition [Line Items]
Intangible assets		$ 3.0
Trade Names [Member] \| DSPG Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	1 year
Intangible assets	$ 1.0			$ 1.0
Licensed Technology [Member] \| Display Link Corporation Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		2 years 6 months
Intangible assets		$ 3.0
Order Backlog [Member] \| Broadcom Member
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years			6 months
Intangible assets			$ 12.0

Cash, Cash Equivalents and Short-Term Investments - Schedule of cash, cash equivalents and short-term investments (Details) $ in Millions	12 Months Ended
	Jun. 25, 2022 USD ($)
Cash and Cash Equivalents [Line Items]
Amortized Cost	$ 52.0
Cash [Member]
Cash and Cash Equivalents [Line Items]
Amortized Cost	811.9
Gross unrealized gain (loss)	0.0
Fair Value	811.9
Certificates of Deposit [Member]
Cash and Cash Equivalents [Line Items]
Amortized Cost	2.4
Gross unrealized gain (loss)	0.0
Fair Value	2.4
Money Market Funds [Member]
Cash and Cash Equivalents [Line Items]
Amortized Cost	12.1
Gross unrealized gain (loss)	0.0
Fair Value	12.1
Short-term Investments [Member]
Cash and Cash Equivalents [Line Items]
Amortized Cost	54.0
Gross unrealized gain (loss)	(2.0)
Fair Value	52.0
Cash and Cash Equivalents [Member]
Cash and Cash Equivalents [Line Items]
Amortized Cost	824.0
Gross unrealized gain (loss)	0.0
Fair Value	824.0
Municipal Bonds [Member]
Cash and Cash Equivalents [Line Items]
Amortized Cost	7.9
Gross unrealized gain (loss)	(0.1)
Fair Value	7.8
Corporate Debt Securities [Member]
Cash and Cash Equivalents [Line Items]
Amortized Cost	43.7
Gross unrealized gain (loss)	(1.9)
Fair Value	$ 41.8

Share-Based Compensation - Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 100.9	$ 93.1	$ 60.4
Income tax benefit on share-based compensation	23.1	15.2	6.3
Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	32.1	27.0	11.1
Cost of Revenue [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	4.0	3.4	2.1
Cost of Revenue [Member] \| Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	0.2	0.4	0.2
Research and Development [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	42.5	45.4	32.3
Research and Development [Member] \| Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	27.2	21.9	9.1
Selling, General, and Administrative [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	54.4	44.3	26.0
Selling, General, and Administrative [Member] \| Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 4.7	$ 4.7	$ 1.8

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Cash flows from operating activities
Net income	$ 257.5	$ 79.6	$ 118.8
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation costs	100.8	66.1	49.3
Depreciation and amortization	24.0	21.6	26.7
Acquired intangibles amortization	123.5	110.1	51.4
Gain on sale of audio technology assets	0.0	(34.2)	0.0
Gain on sale of assets	0.0	0.0	(105.1)
Gain on sale of property and equipment and sale and leaseback transaction	(5.4)	0.0	(1.2)
Loss on redemption of convertible notes	8.1	0.3	0.0
Deferred taxes	(29.7)	(5.2)	2.7
Amortization of convertible debt discount and issuance costs	1.6	19.2	18.3
Amortization of debt issuance costs	1.8	0.6	0.6
Amortization of cost of development services	10.0	9.2	0.0
Acquired in-process research and development	0.0	0.0	2.4
Equity investment (gain) loss	(1.6)	9.1	2.0
Other	(1.3)	0.0	3.7
Foreign currency remeasurement (gain) loss	(7.6)	(2.8)	0.4
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	(81.1)	(25.9)	31.0
Inventories	(65.1)	53.1	43.0
Prepaid expenses and other current assets	6.9	(9.4)	(2.9)
Other assets	25.8	0.0	3.9
Accounts payable	23.2	32.2	(36.2)
Accrued compensation	5.3	14.9	29.1
Income taxes payable	48.6	(2.1)	13.8
Other accrued liabilities	17.4	(17.2)	(29.9)
Net cash provided by operating activities	462.7	319.2	221.8
Cash flows from investing activities
Proceeds from sale of assets	55.9	0.0	138.7
Purchase of in-process research and development	0.0	0.0	(2.5)
Acquisition of businesses, net of cash and cash equivalents acquired	(501.1)	(626.5)	0.0
Advance payment on intangible assets	(30.0)	0.0	0.0
Proceeds from sale of audio technology assets	0.0	34.2	0.0
Proceeds from sales of investments	24.4	95.8	0.0
Purchase of short-term securities	(5.8)	0.0	0.0
Purchases of property and equipment	(31.1)	(21.1)	(16.3)
Proceeds from sale of equity method investment	5.0	0.0	0.0
Cost method investment	0.0	(5.0)	0.0
Net cash provided by (used in) investing activities	(482.7)	(522.6)	119.9
Cash flows from financing activities
Proceeds from issuance of debt	600.0	400.0	0.0
Proceeds from borrowings under line-of-credit	0.0	0.0	100.0
Payment on line of credit borrowings	(3.0)	(100.0)	0.0
Purchases of treasury stock		0.0	(30.2)
Refundable deposit paid to vendor	(16.6)	0.0	0.0
Return of deposit received from vendor	2.8	0.0	0.0
Proceeds from issuance of shares	15.2	27.8	34.5
Payment of debt issuance costs	(11.2)	(6.1)	(0.7)
Payment for redemption of convertible notes	(505.6)	(19.4)	0.0
Payroll taxes for deferred stock and market stock units	(67.3)	(28.2)	(9.7)
Net cash provided by financing activities	14.3	274.1	93.9
Effect of exchange rate changes on cash and cash equivalents	(6.6)	2.2	0.0
Net increase in cash and cash equivalents	(12.3)	72.9	435.6
Cash and cash equivalents at beginning of year	836.3	763.4	327.8
Cash and cash equivalents at end of year	824.0	836.3	763.4
Supplemental disclosures of cash flow information
Cash paid for interest	25.0	9.6	3.7
Cash paid for taxes	42.0	39.7	18.9
Cash refund on taxes	3.7	0.3	1.3
Non-cash investing and financing activities:
Unpaid property, plant and equipment	$ 3.6	$ 0.8	$ 1.2

Cash, Cash Equivalents and Short-Term Investments

12 Months Ended

Jun. 25, 2022

Cash, Cash Equivalents, and Short-term Investments [Abstract]

Cash, Cash Equivalents and Short-Term Investments

5. Cash, Cash Equivalents and Short-Term Investments

The following table summarizes our cash, cash equivalents and short-term investments by category at June 25, 2022 (in millions):


	Amortized Cost		Gross unrealized gain (loss)			Fair Value
Cash	$	811.9	$	-		$	811.9
Cash equivalents:
Money market funds		12.1		-			12.1
Total cash and cash equivalents	$	824.0	$	-		$	824.0
Short-term investments:
Certificates of deposit	$	2.4	$	-		$	2.4
Corporate debt securities		43.7		(1.9	)		41.8
Municipal bonds		7.9		(0.1	)		7.8
Total short-term investments	$	54.0	$	(2.0	)	$	52.0

We did not hold any short-term investments at the end of fiscal 2021. We use the specific-identification method to determine any realized gains or losses from the sale of our short-term investments classified as available-for-sale. During fiscal 2022, we did not realize significant gains or losses on a gross level from the sale of our short-term investments classified as available-for-sale.

The following table classifies our short-term investments by contractual maturities (in millions):


	Amortized Cost
Due within 1 year	$	20.4
Due between 1 year to 5 years		31.6
	$	52.0

All available-for-sale securities have been classified as current, based on management's intent and ability to use the funds in current operations.

Property and Equipment

12 Months Ended

Jun. 25, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

3. Property and Equipment

Property and equipment as of the end of fiscal 2022 and 2021 consisted of the following (in millions):


	Life		2022			2021
Land		—	$	-		$	13.3
Building and building improvements	Up to 35 years			-			52.7
Computer equipment	3 - 5 years			19.3			22.9
Manufacturing equipment	1 - 5 years			93.3			71.9
Furniture, fixtures, and leasehold improvements	3 - 10 years			39.6			27.2
Capitalized software	3 - 7 years			24.3			28.1
Construction in progress				9.2			6.1
				185.7			222.2
Accumulated depreciation and amortization				(122.8	)		(131.0	)
Property and equipment, net			$	62.9		$	91.2

Our construction in progress primarily includes machinery and equipment that we expect to place in service in the next 12 months.

Cash, Cash Equivalents and Short-Term Investments - Schedule of classified by contractual maturity date (Details) $ in Millions	Jun. 25, 2022 USD ($)
Cash and Cash Equivalents [Line Items]
Amortized Cost	$ 52.0
Due within 1 year
Cash and Cash Equivalents [Line Items]
Amortized Cost	20.4
Due between 1 year to 5 years
Cash and Cash Equivalents [Line Items]
Amortized Cost	$ 31.6

Share-Based Compensation

12 Months Ended

Jun. 25, 2022

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

11. Share-Based Compensation

The purpose of our various share-based compensation plans is to attract, motivate, retain, and reward high-quality employees, directors, and consultants by enabling such persons to acquire or increase their proprietary interest in our common stock in order to strengthen the mutuality of interests between such persons and our stockholders and to provide such persons with annual and long-term performance incentives to focus their best efforts on the creation of stockholder value. Consequently, we determine whether to grant share-based compensatory awards subsequent to the initial award for our employees and consultants primarily on individual performance.

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 the 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, or our 2010 ESPP. Upon approval of the 2019 Incentive Plan, new awards are no longer issued under the 2010 Incentive 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 and vest 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 units, cash incentive awards, performance shares, performance stock units, and other stock-based awards. The cumulative number of shares approved under the 2019 Incentive Plan was 4,590,000. The 2019 ESPP authorizes us to provide eligible employees with an opportunity to acquire an equity interest in our 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 was 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. As a result of approval by our stockholders of our amended and restated 2019 Incentive Plan on October 27, 2020, no new awards will be granted under the 2019 Inducement Equity Plan.

Our share-based compensation plans with outstanding awards consist of our 2010 Incentive Plan, our 2019 Incentive Plan, our 2019 Inducement Equity Plan, and our 2019 ESPP.


	Awards						2019			2019
	Available			2019			Employee			Employee			2010
	Under All			Incentive			Inducement			Stock			Incentive			DSPG
	Share-Based			Compensation			Equity			Purchase			Compensation			Replacement Award
	Award Plans			Plan			Plan			Plan			Plan			Plan
Balance at June 2021		3,381,840			2,114,407			—			1,208,582			—			58,851
Additional shares authorized		2,000,000			2,000,000			—			—			—			—
Transferred between plans		-			14,625			—			—			(14,625	)		—
Restricted stock units granted		(641,690	)		(582,839	)		—			—			—			(58,851	)
Market stock units granted		(65,000	)		(65,000	)		—			—			—			—
Performance stock units granted		(96,914	)		(96,914	)		—			—			—			—
Performance stock units performance adjustment		(133,627	)		(133,627	)		—			—			—			—
Market stock units performance adjustment		(69,728	)		(33,675	)		—			—			(36,053	)		—
Purchases under employee stock purchase plan		(138,502	)		—			—			(138,502	)					—
Forfeited		337,171			162,547			27,768			—			146,856			—
Plan shares no longer available for new grants		(123,946	)		—			(27,768	)		—			(96,178	)		—
Balance at June 2022		4,449,604			3,379,524			—			1,070,080			—			—

Share-based compensation and the related tax benefit recognized in our consolidated statements of income for fiscal 2022, 2021, and 2020 were as follows (in millions):


	2022		2021		2020
Cost of revenue	$	4.0	$	3.4	$	2.1
Research and development		42.5		45.4		32.3
Selling, general, and administrative		54.4		44.3		26.0
Total	$	100.9	$	93.1	$	60.4
Income tax benefit on share-based compensation	$	23.1	$	15.2	$	6.3

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):


	2022		2021		2020
Cost of revenue	$	0.2	$	0.4	$	0.2
Research and development		27.2		21.9		9.1
Selling, general, and administrative		4.7		4.7		1.8
Total	$	32.1	$	27.0	$	11.1

We recognize a tax benefit upon expensing certain share-based awards associated with our share-based compensation plans, including RSUs, market stock units, or MSUs, PSUs, and phantom stock units. We do not recognize a tax benefit upon expensing all or a portion of share-based awards granted to certain executive officers and certain foreign-based employees.

We compare the actual tax benefit associated with the tax deduction from share-based award activity to the hypothetical tax benefit based on the grant date fair values of the corresponding share-based awards. Tax benefit associated with excess tax deduction creditable to income tax provision is recognized when incurred. Tax deficiency associated with a tax shortfall is debited to income tax provision when incurred.

Historically, we have issued new shares in connection with our 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.

Stock Options

Our share-based compensation plans with outstanding stock option awards include our 2010 Incentive Plan. Under our 2010 Incentive Plan, we were able to grant incentive stock options or nonqualified stock options to purchase shares of our common stock at not less than 100% of the fair market value, or FMV, on the date of grant. We ceased granting stock options in fiscal 2018.

Options granted under our 2010 Incentive Plan generally vest three to four years from the vesting commencement date and expire seven years after the date of grant if not exercised.

Certain stock option activity for fiscal 2022 and balances as of the end of fiscal 2022 were as follows:


	Stock			Weighted
	Option			Average		Intrinsic
	Awards			Exercise		Value
	Outstanding			Price		(In millions)
Balance at June 2021		55,061		$	66.68
Exercised		(23,876	)		73.44
Balance at June 2022		31,185			61.50	$	2.1
Exercisable at June 2022		31,185			61.50	$	2.1

The aggregate intrinsic value was determined using the closing price of our common stock on the last trading day of fiscal 2022, or June 24, 2022, of $128.78. All of the stock options outstanding were vested and in-the-money as of the end of fiscal 2022.

Cash received and the aggregate intrinsic value of stock options exercised for fiscal 2022, 2021, and 2020 were as follows (in millions):


	2022		2021		2020
Cash received	$	5.3	$	23.9	$	23.9
Aggregate intrinsic value	$	3.6	$	8.6	$	10.8

There have been no stock options granted since fiscal 2018.

There was no unrecognized share-based compensation costs for stock options granted under our various plans.

Restricted Stock Units

Our 2019 Incentive Plan provides for the grant of RSUs to our employees, consultants, and directors, and previously our 2019 Inducement Equity Plan and our 2010 Incentive Plan provided for the grant of deferred stock units, or DSUs, to our employees, consultants, and directors. An RSU and a DSU are each a promise to deliver shares of our common stock at a future date in accordance with the terms of the grant agreement and the words can be used interchangeably. We began granting DSUs in January 2006 and RSUs in 2019. The use of RSUs will cover the meaning of both RSUs and DSUs.

RSUs granted generally vest ratably over three to four years from the vesting commencement date. Delivery of shares under the plans take place on the quarterly vesting dates. At the delivery date, we withhold shares to cover applicable statutory minimum tax withholding for grantees subject to withholding and deliver a net quantity of shares to the grantee after such withholding. Until delivery of shares, the grantee has no rights as a stockholder with respect to any shares underlying the RSU award.

RSU activity, including RSUs granted, delivered, and forfeited in fiscal 2022, and the balance and aggregate intrinsic value of RSUs as of the end of fiscal 2022 were as follows:


				Aggregate		Weighted
				Intrinsic		Average
	RSU Awards			Value		Grant Date
	Outstanding			(in millions)		Fair Value
Balance at June 2021		1,323,286				$	64.13
Granted		641,690					183.97
Delivered		(578,400	)				63.23
Forfeited		(166,003	)				120.72
Balance at June 2022		1,220,573		$	157.2		119.83

Of the shares delivered, 169,529 shares valued at $31.4 million were withheld to meet statutory tax withholding requirements. The aggregate intrinsic value was determined using the closing price of our common stock on the last trading day of fiscal 2022, or June 24, 2022, of $128.78.

The unrecognized share-based compensation cost for RSUs granted under our 2019 Incentive Plan, our 2019 Inducement Equity Plan and our 2010 Incentive Plan was approximately $107.1 million as of the end of fiscal 2022, which will be recognized over a weighted average period of approximately 1.9 years. The aggregate market value of RSUs delivered in fiscal 2022, 2021, and 2020 was $106.4 million, $48.2 million, and $36.0 million, respectively.

Market Stock Units

Our 2019 Incentive Plan, and previously our 2019 Inducement Equity Plan, provide for the grant of MSU awards, to our employees, consultants, and directors. 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 2010 Incentive 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 2022 and 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 25th percentile of the TSRs of each company in the Russell 2000 Index, and a 200% payout will occur if our TSR performance exceeds the 75th percentile of the TSRs of each company in the Russell 2000 Index. Performance payouts between the 25th and 75th percentiles will be determined on a linear basis with performance at the 50th percentile equal to 100% of target.

For MSU awards granted in fiscal 2022 and 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 recipient 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, including MSUs granted, delivered, and forfeited in fiscal 2022, and the balance and aggregate intrinsic value of MSUs as of the end of fiscal 2022 were as follows:


				Aggregate		Weighted
				Intrinsic		Average
	MSU Awards			Value		Grant Date
	Outstanding			(in millions)		Fair Value
Balance at June 2021		347,027				$	82.18
Granted		65,000					191.68
Performance adjustment		69,728					—
Delivered		(203,883	)				78.05
Forfeited		(25,898	)				136.26
Balance at June 2022		251,974		$	32.4

As a result of the Synaptics TSR outperforming the Index TSR by 185.21 percentage points for the tranche three payout period ended in fiscal 2022, we delivered 200% of the targeted shares underlying the fiscal 2019 MSU grants. As a result of the Synaptics TSR outperforming the Index TSR by 226.12 percentage points for the tranche two payout period ended in fiscal 2022, we delivered 100% of the targeted shares underlying the fiscal 2020 MSU grants as the tranche two payout is capped at a 100% payout. As a result of the Synaptics TSR performing at the 76th percentile relative to the constituents of the Russell 2000 Index for the tranche one payout period ended in fiscal 2022, we delivered 200% of the targeted shares underlying the fiscal 2021 MSU grants.

Of the shares delivered, 105,719 shares valued at $18.3 million were withheld to meet statutory minimum tax withholding requirements. The aggregate intrinsic value assumes a 100% payout factor and was determined using the closing price of our common stock on the last trading day of fiscal 2022, or June 24, 2022, of $128.78.


	2022			2021			2020
Expected volatility of company		52.61	%		53.62	%	45.46% - 52.55%
Expected volatility of Index	17.4% - 581.6%			19.6% - 197.6%			24.64% - 33.44%
Correlation coefficient		0.53			0.51		0.53 - 0.58
Expected life in years		2.87			2.87		2.50 - 4.00
Risk-free interest rate		0.40	%		0.17	%	0.26% - 1.52%
Fair value per award	$284.43 - $342.89			$131.34 - $175.15			$55.52 - $100.38

We amortize the compensation expense over the three- or four-year performance and service period on a ratable basis. The unrecognized share-based compensation cost of our outstanding MSUs was approximately $14.9 million as of the end of fiscal 2022, which will be recognized over a weighted average period of approximately 0.72 years.

Performance Stock Units

Our 2019 Incentive Plan and our 2010 Incentive 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 PSU awards to our executive officers and other key management team members under our 2010 Incentive Plan, our 2019 Incentive Plan and our 2019 Inducement Equity Plan, which, generally, are designed to vest in three tranches with the target quantity for each tranche equal to one-third of the total PSU award. Generally, PSU awards 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 performance relative to predefined performance criteria (for PSU awards granted in fiscal 2022 and prior to fiscal 2021 the performance criteria is based on non-GAAP earnings per share, for PSU awards granted in fiscal 2021 the performance criteria is based on a combination of our design win revenue, non-GAAP gross margin percentage and non-GAAP operating expenses). For our fiscal 2022 PSU awards, 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 75% of the target with a maximum payout achieved at 125% 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 recipient 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, including PSUs granted, delivered, and forfeited in fiscal 2022, and the balance and aggregate intrinsic value of PSUs as of the end of fiscal 2022 were as follows:


				Aggregate		Weighted
				Intrinsic		Average
	PSU Awards			Value		Grant Date
	Outstanding			(in millions)		Fair Value
Balance at June 2021		317,392				$	62.41
Granted		96,914					111.90
Performance adjustment		88,762					—
Delivered		(208,023	)				55.01
Forfeited		(37,142	)				79.79
Balance at June 2022		257,903		$	33.2

We value PSUs using the aggregate intrinsic value on the grant date and amortize the compensation expense over the three-year service period on a ratable basis, dependent upon the probability of meeting the performance measures. Of the shares delivered, 94,642 shares valued at $17.6 million were withheld to meet statutory minimum tax withholding requirements. The PSU awards outstanding balance at June 2022 is based on the target grant quantity and does not include the performance adjustment of 183,472 shares for completed performance periods. The unrecognized share-based compensation cost of our

outstanding PSUs was approximately $31.7 million as of June 25, 2022, which will be recognized over a weighted average period of approximately 0.72 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 $135.07 per unit at June 25, 2022 and our accrued liability for such units was $15.4 million. The outstanding phantom stock units had a fair value of $140.17 per unit at June 26, 2021 and our accrued liability for such units was $18.4 million.

Phantom stock activity was as follows:


				Aggregate
	Phantom			Intrinsic
	Stock Units			Value
	Outstanding			(in millions)
Balance as of June 2021		402,458
Paid		(196,420	)
Forfeited		(29,941	)
Balance as of June 2022		176,097		$	22.7

Employee Stock Purchase Plan

Our 2019 ESPP became effective October 29, 2019 and replaced our 2010 ESPP. The 2019 ESPP, and previously the 2010 ESPP, allows employees to designate up to 15% of their base compensation, subject to legal restrictions and limitations, to purchase shares of common stock at 85% of the lesser of the FMV at the beginning of the offering period or the exercise date. Under the 2019 ESPP, the offering period extends for up to one year and includes two exercise dates occurring at six-month intervals. Under the 2010 ESPP, the offering period extended for up to two years and included four exercise dates occurring at six-month intervals. Under the terms of our 2019 ESPP, and previously under our 2010 ESPP, if the FMV at an exercise date is less than the FMV at the beginning of the offering period, the current offering period will terminate and a new offering period will commence.


	2022		2021		2020
Shares purchased		138,502		220,389		346,502
Weighted average purchase price	$	97.90	$	57.00	$	30.50
Cash received	$	13.6	$	12.6	$	10.6
Aggregate intrinsic value	$	12.5	$	10.3	$	10.1

The fair value of each award granted under our 2019 ESPP and our 2010 ESPP for fiscal 2022, 2021, and 2020 was based on the Black-Scholes option pricing model. The fair value per award for fiscal 2022, 2021 and 2020 was $38.93, $20.82 and $15.48, respectively.

Unrecognized share-based compensation costs for awards granted under our 2019 ESPP at the end of fiscal 2022 were approximately $1.4 million that will be amortized over the next 2 months.

Income Taxes - Significant Components of Deferred Tax Assets (Liabilities) (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Deferred tax assets:
Capital loss carryforward	$ 17.8	$ 0.2
Inventory write downs	2.6	3.9
Property and equipment	11.7	6.0
Share-based compensation	12.0	8.8
Nondeductible Interest	5.4	0.0
Business credit carryforward	62.0	39.1
Lease liabilities	11.2	6.5
Net operating loss carryforward	16.3	7.2
Other accruals	5.6	5.1
Deferred Tax Assets, Gross	144.6	76.8
Valuation allowance	(59.0)	(32.6)
Deferred Tax Assets, Net	85.6	44.2
Deferred tax liabilities:
Property and equipment	(2.0)	(0.9)
Interest	0.0	(3.4)
Right-of-use assets	11.5	6.2
Unremitted foreign earnings	(22.1)	(3.5)
Acquisition intangibles	(45.8)	(29.0)
Deferred tax liabilities, Total	(81.4)	(43.0)
Net deferred tax assets	$ 4.2	$ 1.2

Debt - Additional Information (Detail) - USD ($)				12 Months Ended
Debt - Additional Information (Detail) - USD ($)	Mar. 11, 2022	Dec. 02, 2021	Jun. 01, 2021	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020	Mar. 31, 2021	Mar. 11, 2021
Debt Instrument [Line Items]
Debt instrument aggregate principal amounts		$ 600,000,000.0
Debt instrument interest rate, stated percentage		1.00%
Redemption of Principal amout, Percentage				100.00%
Debt issuance costs		$ 11,200,000		$ 5,700,000
Interest Expense Long Term Debt				16,600,000
Debt instrument maturity date		Dec. 02, 2028
Interest expense				$ 30,200,000	$ 29,500,000	$ 22,500,000
Carrying Amount		$ 600,000,000.0
Common stock, par value				$ 0.001	$ 0.001
Common stock, shares issued				67,745,800	66,963,006
Debt issuance cost				$ 11,200,000	$ 6,100,000	$ 700,000
Percentage of voting capital stock				65.00%
Percentage of Non-Voting capital stock				100.00%
LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument interest rate, stated percentage		2.25%
Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument interest rate, stated percentage		1.50%
Term Loan debt [Member]
Debt Instrument [Line Items]
Interest expense				$ 10,400,000
4.0% Senior Notes Due 2029 [Member]
Debt Instrument [Line Items]
Debt instrument aggregate principal amounts								$ 400,000,000.0
Debt instrument interest rate, stated percentage				4.00%	4.00%
Repayment date, description				Prior to June 15, 2024, we may redeem the Senior Notes, in whole or in part, at a redemption price of 100% of the principal amount thereof, plus a make-whole premium set forth in the Senior Notes Indenture, plus accrued and unpaid interest, if any, up to, but excluding, the redemption date
Redemption of debt in cash, percentage				104.00%
Maturity period				Jun. 15, 2024
Carrying Amount								400,000,000.0
0.50% Convertible Senior Notes due 2022 [Member]
Debt Instrument [Line Items]
Conversion of notes in multiples of principal amounts				$ 1,000,000,000
Debt instrument convertible number of shares per thousand of principal amount of notes, current				13.7267
Debt Instrument Convertible Number Of Shares Per Thousand Of Principal Amount Of Notes				13.6947
Initial conversion price per share of common stock				$ 0.0320
0.50% Convertible Senior Notes due 2022 [Member] \| Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Principal				$ 505,600,000
Common stock, shares issued				3,500,000
Lose on issuance of common stock from treasury stock				$ 8,100,000
0.50% Convertible Senior Notes due 2022 [Member] \| Purchase Agreement
Debt Instrument [Line Items]
Percentage Of Principal Amount Of Notes Equal To Repurchase Price			100.00%
0.50% Convertible Senior Notes due 2022 [Member] \| Purchase Agreement \| Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt instrument aggregate principal amounts			$ 525,000,000
Carrying Amount			$ 525,000,000
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt issuance costs				$ 1,600,000
Maximum leverage ratio permitted				3.75%
Minimum leverage ratio permitted				3.50%
Line Of Credit Facility Maximum Borrowing Capacity								250,000,000
Line of credit facility allowable requests for additional borrowing								150,000,000
Outstanding principal amount				$ 0			$ 100,000,000.0
Repayment date, description				the revolving credit facility are required to be repaid in full by March 11, 2026. Debt issuance costs relating to the revolving credit facility of $1.6 million, included in non-current other assets on our consolidated balance sheet, are being amortized over 60 months.
Maximum accounts receivable financings per quarter				$ 100,000,000
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Federal Funds Rates [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				50.00%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				100.00%
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				100.00%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.25%
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				175.00%
Amended and Restated Credit Agreement [Member] \| Revolving Credit Facility [Member] \| Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				100.00%
Amended and Restated Credit Agreement [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Maximum Borrowing Capacity								20,000,000
Amended and Restated Credit Agreement [Member] \| Bridge Loan [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Maximum Borrowing Capacity								$ 25,000,000
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				4.25%				4.25%
Amended and Restated Credit Agreement [Member] \| Thereafter [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum leverage ratio permitted				3.75%
Minimum leverage ratio permitted								3.75%
Amended and Restated Credit Agreement [Member] \| Wells Fargo Securities, LLC [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Prior leverage ratio permitted								4.75%
Current leverage ratio permitted								3.75%
Covenant description	we amended and restated our Amended and Restated Credit Agreement, with the lenders and Wells Fargo Bank, National Association, as administrative agent, or the Credit Agreement, to, among other changes, extend the maturity date of our senior secured revolving credit facility, to five years from the closing date of the amendment, increase the facility size from $200.0 million to $250.0 million, and replace the requirement to maintain a total debt to Consolidated EBITDA (as defined in the Credit Agreement) ratio of not more than 4.75 to 1.00 with a requirement to maintain a net total debt to Consolidated EBITDA ratio of not more than 3.75 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 4.25 to 1.00, and thereafter 3.75 to 1.00, provided further, that such deemed increase pursuant to the foregoing shall not apply to more than two material acquisitions consummated during the term of the Credit Agreement.
Amended and Restated Credit Agreement [Member] \| Wells Fargo Securities, LLC [Member] \| Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Maximum Borrowing Capacity								$ 200,000,000.0
Amended and Restated Credit Agreement [Member] \| Wells Fargo Securities, LLC [Member] \| Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Maximum Borrowing Capacity								$ 250,000,000.0
Amendment and Restatement Agreement [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Covenant description				Under the Credit Agreement, there are various restrictive covenants, including two financial covenants which limit the consolidated total leverage ratio, or leverage ratio, the consolidated interest coverage ratio, or interest coverage ratio, a restriction that permits accounts receivable financings provided that the aggregate unpaid amount of permitted accounts receivable financings are no more than the greater of $100 million and 50% of the amount of all accounts receivable of our company and specified subsidiaries and other specific items. The leverage ratio is the ratio of debt as of the measurement date to Consolidated EBITDA, for the four consecutive quarters ending with the quarter of measurement. The current leverage ratio shall not exceed 3.75 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 4.25 to 1.00, and thereafter 3.75 to 1.0. The interest coverage ratio is Consolidated 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. As of the end of fiscal 2022, we remain in compliance with the restrictive covenants.
Repayment date, description					The revolving credit facility are required to be repaid in full by March 11, 2026. Debt issuance costs relating to the revolving credit facility of $1.6 million, included in non-current other assets on our consolidated balance sheet, are being amortized over 60 months.
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.

Leases, Commitments and Contingencies (Tables)

12 Months Ended

Jun. 25, 2022

Leases Commitments And Contingencies [Abstract]

Schedule of Components of Leases

As of the end of fiscal 2022 and 2021, the components of leases are as follows (in millions):


	2022		2021
Operating lease right-of-use assets	$	61.2	$	31.7
Operating lease liabilities	$	7.6	$	9.3
Operating lease liabilities, long-term		51.5		24.0
Total operating lease liabilities	$	59.1	$	33.3

Schedule of Supplemental Cash Flow Information Related to Leases

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


	2022		2021
Cash paid for operating leases included in operating cash flows	$	12.5	$	10.0
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets		42.5		21.8

Schedule of Future Minimum Lease Payments for Operating Leases

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


	Operating
	Lease
Fiscal Year	Payments
2023	$	6.3
2024		10.3
2025		9.2
2026		9.0
2027		8.3
Thereafter		28.5
Total future minimum operating lease payments		71.6
Less: interest		(12.5	)
Total lease liabilities	$	59.1

Property and Equipment - Additional Information (Detail)	12 Months Ended
	Jun. 25, 2022
Machinery and Equipment [Member]
Property Plant And Equipment [Line Items]
Construction In Progress	12 months

Debt (Tables)

12 Months Ended

Jun. 25, 2022

Debt Disclosure [Abstract]

Schedule Of Redemption Prices And Unpaid Interest

We may redeem some or all of the Senior Notes on or after June 15, 2024 at the redemption prices specified below, plus accrued and unpaid interest, if any, up to, but excluding, the redemption date:


Year	Price
2024		102	%
2025		101	%
2026 and thereafter		100	%

Share-Based Compensation - Schedule of Stock Units Activity (Detail) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 25, 2022 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards, Granted	65,000
Stock Unit Awards, Performance adjustment	69,728
Stock Unit Awards, Performance adjustment	(133,627)
Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance at June 2021	1,323,286
Stock Unit Awards, Granted	641,690
Stock Unit Awards, Delivered	(578,400)
Stock Unit Awards, Forfeited	(166,003)
Stock Unit Awards Outstanding, Balance at June 2022	1,220,573
Aggregate Intrinsic Value, Balance at June 2021 \| $	$ 157.2
Weighted Average Grant Date Fair Value, Balance at June 2021 \| $ / shares	$ 64.13
Weighted Average Grant Date Fair Value, Granted \| $ / shares	183.97
Weighted Average Grant Date Fair Value, Delivered \| $ / shares	63.23
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	120.72
Weighted Average Grant Date Fair Value, Balance at June 2022 \| $ / shares	$ 119.83
Market stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance at June 2021	347,027
Stock Unit Awards, Granted	65,000
Stock Unit Awards, Performance adjustment	69,728
Stock Unit Awards, Delivered	(203,883)
Stock Unit Awards, Forfeited	(25,898)
Stock Unit Awards Outstanding, Balance at June 2022	251,974
Aggregate Intrinsic Value, Balance at June 2021 \| $	$ 32.4
Weighted Average Grant Date Fair Value, Balance at June 2021 \| $ / shares	$ 82.18
Weighted Average Grant Date Fair Value, Granted \| $ / shares	191.68
Weighted Average Grant Date Fair Value, Delivered \| $ / shares	78.05
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	$ 136.26
Performance stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance at June 2021	317,392
Stock Unit Awards, Granted	96,914
Stock Unit Awards, Performance adjustment	88,762
Stock Unit Awards, Delivered	(208,023)
Stock Unit Awards, Forfeited	(37,142)
Stock Unit Awards Outstanding, Balance at June 2022	257,903
Aggregate Intrinsic Value, Balance at June 2021 \| $	$ 33.2
Weighted Average Grant Date Fair Value, Balance at June 2021 \| $ / shares	$ 62.41
Weighted Average Grant Date Fair Value, Granted \| $ / shares	111.90
Weighted Average Grant Date Fair Value, Delivered \| $ / shares	55.01
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	$ 79.79
Phantom Stock Unit [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance at June 2021	402,458
Stock Unit Awards, Paid	(196,420)
Stock Unit Awards, Forfeited	(29,941)
Stock Unit Awards Outstanding, Balance at June 2022	176,097
Aggregate Intrinsic Value, Balance as of June 2022 \| $	$ 22.7

Net Income Per Share - Computation of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Numerator:
Net income	$ 257.5	$ 79.6	$ 118.8
Denominator:
Shares, basic	39.0	34.8	33.6
Effect of dilutive share-based awards and convertible notes	1.7	3.5	1.2
Shares, diluted	40.7	38.3	34.8
Net income/(loss) per share:
Basic	$ 6.60	$ 2.29	$ 3.54
Diluted	$ 6.33	$ 2.08	$ 3.41

- 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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- 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.

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+ Details

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Income Statement [Abstract]
Net revenue	$ 1,739.7	$ 1,339.6	$ 1,333.9
Cost of revenue	796.6	728.4	790.8
Gross margin	943.1	611.2	543.1
Research and development	367.3	313.4	302.5
Selling, general, and administrative	168.4	144.9	127.0
Acquired intangibles amortization	38.7	32.7	11.7
Restructuring costs	18.3	7.4	33.0
Gain on sale of audio technology assets	0.0	(34.2)	0.0
Total operating expenses	592.7	464.2	474.2
Operating income/(loss)	350.4	147.0	68.9
Interest and other income	3.0	2.9	7.9
Interest expense	(30.2)	(29.5)	(22.5)
Loss on redemption of convertible notes	(8.1)	(0.3)	0.0
Gain from sale and leaseback transaction	5.4	0.0	0.0
Gain on sale of assets	0.0	0.0	105.1
Income/(loss) before provision for income taxes and equity investment loss	320.5	120.1	159.4
Provision for income taxes	64.6	31.4	38.6
Equity investment Gain	1.6	(9.1)	(2.0)
Net income/(loss)	$ 257.5	$ 79.6	$ 118.8
Basic	$ 6.60	$ 2.29	$ 3.54
Diluted	$ 6.33	$ 2.08	$ 3.41
Basic	39.0	34.8	33.6
Diluted	40.7	38.3	34.8

Cash, Cash Equivalents and Short-Term Investments (Tables)

12 Months Ended

Jun. 25, 2022

Cash, Cash Equivalents, and Short-term Investments [Abstract]

Schedule of cash, cash equivalents and short-term investments

The following table summarizes our cash, cash equivalents and short-term investments by category at June 25, 2022 (in millions):


	Amortized Cost		Gross unrealized gain (loss)			Fair Value
Cash	$	811.9	$	-		$	811.9
Cash equivalents:
Money market funds		12.1		-			12.1
Total cash and cash equivalents	$	824.0	$	-		$	824.0
Short-term investments:
Certificates of deposit	$	2.4	$	-		$	2.4
Corporate debt securities		43.7		(1.9	)		41.8
Municipal bonds		7.9		(0.1	)		7.8
Total short-term investments	$	54.0	$	(2.0	)	$	52.0

Schedule of classified by contractual maturity date

The following table classifies our short-term investments by contractual maturities (in millions):


	Amortized Cost
Due within 1 year	$	20.4
Due between 1 year to 5 years		31.6
	$	52.0

Acquisitions, Divestiture and Investment (Tables)

12 Months Ended

Jun. 25, 2022

Display Link Corporation 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 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		9.1
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		404.6
Accounts payable		(5.2	)
Other accrued liabilities		(9.1	)
Short-term lease liabilities		(1.7	)
Long-term lease liabilities		(18.2	)
Other long-term liabilities		(32.8	)
Total liabilities		(67.0	)
Net identifiable assets acquired		337.6
Goodwill		106.4
Net assets acquired	$	444.0

Summary of Estimated Fair Value of Intangible Assets

The following table summarizes the estimated fair value 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

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 at the beginning of fiscal 2020. 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 at the beginning of fiscal 2020 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.

(1) Includes results of Broadcom Wireless Connectivity Business

DSPG Member

Business Acquisition [Line Items]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The adjusted purchase price paid for DSPG was $543.3 million. The final purchase price allocation is as follows (in millions):


	Final As Adjusted June 25, 2022
Cash and cash equivalents	$	40.5
Short-term investments		71.9
Accounts receivable, net		12.9
Inventory		22.6
Prepaid expenses and other current assets		4.0
Property and equipment		5.9
Intangible assets		212.0
Right-of-use lease asset		9.8
Severance pay fund		16.2
Deferred tax asset		6.7
Non-current other assets		2.3
Total identifiable assets acquired		404.8
Accounts payable		(6.7	)
Other accrued expenses		(19.8	)
Short-term lease liabilities		(1.5	)
Long-term lease liabilities		(8.2	)
Accrued severance		(16.4	)
Deferred tax liability		(39.4	)
Other long-term liabilities		(6.1	)
Total liabilities		(98.1	)
Net identifiable assets acquired		306.7
Goodwill		236.6
Net assets acquired	$	543.3

Summary of Estimated Fair Value of Intangible Assets

The following table summarizes the estimated fair value of the intangible assets as of the DSPG Closing Date (in millions):


	Estimated Weighted Average Useful Lives in Years		Estimated Fair Value

Developed technology		5.2	$	150.0
Customer contracts and related relationships		4.0		45.0
In process research and development	N/A			16.0
Trade names		1.0		1.0
Estimated fair value of acquired intangibles			$	212.0

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

The unaudited supplemental pro forma financial information for the periods presented is as follows (in millions):


	2022		2021
Revenue	$	1,802.6	$	1,466.0
Net income (loss)	$	263.4	$	(6.7	)

Summary of the final amounts of the fair values recognized for the assets acquired and liabilities

The following table summarizes the final amounts of the fair values recognized for the assets acquired and liabilities assumed for these two acquisitions as of the acquisition date as well as adjustments made during the measurement period:


	Previously Reported December 25, 2021			Measurement Period Adjustments (1)			As Adjusted
Other current assets	$	151.9		$	-		$	151.9
Goodwill		256.6			(20.0	)		236.6
Developed technology and other intangible assets		200.5			11.5			212.0
Deferred tax asset		0.3			6.4			6.7
Other long-term assets		35.6			(1.4	)		34.2
Current liabilities		(26.8	)		(1.2	)		(28.0	)
Deferred tax liability		(38.1	)		(1.3	)		(39.4	)
Other long-term liabilities		(29.1	)		(1.6	)		(30.7	)
Consideration adjustment		-			7.6			-
Net assets acquired	$	550.9		$	-		$	543.3

(1) The measurement period adjustments were based upon information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the measurement of the amounts recognized at that date.

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 Estimated Fair Value of Intangible Assets

The following table summarizes the 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

Stockholders' Equity - Shares Reserved for Future Issuance (Detail) - shares	Jun. 25, 2022	Jun. 26, 2021
Class Of Stock [Line Items]
Awards available for grant under all share-based compensation plans	4,449,604	3,381,840
Reserved for future issuance	6,394,711
Stock options outstanding [Member]
Class Of Stock [Line Items]
Awards available for grant under all share-based compensation plans	31,185
Restricted stock units outstanding [Member]
Class Of Stock [Line Items]
Awards available for grant under all share-based compensation plans	1,220,573
Market stock units outstanding [Member]
Class Of Stock [Line Items]
Awards available for grant under all share-based compensation plans	251,974
Performance stock units outstanding [Member]
Class Of Stock [Line Items]
Awards available for grant under all share-based compensation plans	441,375

Restructuring Activities

12 Months Ended

Jun. 25, 2022

Restructuring and Related Activities [Abstract]

Restructuring Activities

15. Restructuring Activities

We have initiated various strategic restructuring actions primarily intended to reduce costs, gain synergies from our recent acquisitions and align our business in response to market conditions.

The following table summarizes the restructuring activity and related charges during the periods presented (in millions):


	Years Ended
	2022			2021			2020
Balance, beginning of period	$	0.2		$	6.1		$	5.2
Charges		18.3			7.4			33.0
Payments		(17.1	)		(13.3	)		(32.1	)
Balance, end of period	$	1.4		$	0.2		$	6.1

During fiscal 2022, we recorded restructuring and related charges of $18.3 million in our consolidated statements of operations. The charges were for activities intended to further improve efficiencies in our operational activities and gain synergies from the DSPG acquisition. These activities from the restructuring actions taken during fiscal 2022 are complete as of the end of fiscal 2022.

During fiscal 2021, we recorded restructuring and related charges of $7.4 million in our consolidated statements of operations. The charges were for activities to gain synergies from our DisplayLink acquisition. The activities from the restructuring actions taken during fiscal 2021 were complete as of the end of fiscal 2021.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 6.0	$ 5.8
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	67,745,800	66,963,006
Common stock, shares outstanding	39,621,179	35,331,903
Common treasury shares	28,124,621	31,631,103

Organization and Summary of Significant Accounting Policies - Inventories (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Inventory Disclosure [Abstract]
Raw materials and work-in-progress	$ 92.2	$ 49.1
Finished goods	77.5	32.9
Total Inventories	$ 169.7	$ 82.0

Leases, Commitments and Contingencies

12 Months Ended

Jun. 25, 2022

Leases Commitments And Contingencies [Abstract]

Leases, Commitments and Contingencies

9. Leases, Commitments and Contingencies

Leases

In fiscal 2020, we adopted Accounting Standards Codification Topic 842, or ASC 842, Leases, which requires recognition of ROU assets and lease liabilities for most leases on our consolidated balance sheet. We adopted ASC 842 using a modified retrospective transition approach as of the effective date as permitted. As a result, we were not required to adjust our comparative period financial information for effects of the standard or make the new required lease disclosures for the periods before the date of adoption. We elected the package of practical expedients which allows us not to reassess (1) whether existing or expired contracts, as of the adoption date, contain leases, (2) the lease classification for existing leases, and (3) whether existing initial direct costs meet the new definition. We also elected the practical expedient to not separate lease and non-lease components for our leases, and to not recognize ROU assets and liabilities for short-term leases.

The most significant impact of the adoption of the standard was the recognition of ROU assets and lease liabilities for operating leases on our consolidated balance sheet. Adoption of the standard did not have a material impact on our consolidated statements of operations or cash flows.

Our leases primarily include our headquarters office and 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 2034, some of which include options to extend the lease for up to seven years. During fiscal

2022, we recorded approximately $12.7 million of operating leases expense. Our short-term leases are immaterial and we do not have finance leases.

As of the end of fiscal 2022 and 2021, the components of leases are as follows (in millions):


	2022		2021
Operating lease right-of-use assets	$	61.2	$	31.7
Operating lease liabilities	$	7.6	$	9.3
Operating lease liabilities, long-term		51.5		24.0
Total operating lease liabilities	$	59.1	$	33.3

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


	2022		2021
Cash paid for operating leases included in operating cash flows	$	12.5	$	10.0
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets		42.5		21.8

As of the end of fiscal 2022, the weighted average remaining lease term was 8.02 years, and the weighted average discount rate was 4.14%.

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


	Operating
	Lease
Fiscal Year	Payments
2023	$	6.3
2024		10.3
2025		9.2
2026		9.0
2027		8.3
Thereafter		28.5
Total future minimum operating lease payments		71.6
Less: interest		(12.5	)
Total lease liabilities	$	59.1

We recognized rent expense on a straight-line basis of $12.7 million, and $10.1 million for fiscal 2022 and 2021, respectively.

Sale and Leaseback Transaction

On February 8, 2022, we executed a sale and leaseback transaction of our properties located at 1109-1251 McKay Drive and 1140-1150 Ringwood Court, San Jose, California, for a purchase price, net of closing and other expenses payable by us, of $55.9 million. Concurrent with the sale, we entered into a lease agreement with the buyer to lease back the land and properties located at 1109 and 1151 McKay Drive, San Jose, California, for an initial term of 12 years and a renewal option for an additional seven years. The transaction qualified for sale and leaseback and operating lease accounting classification, and we recorded a gain of $5.4 million which is recorded in the gain on sale and leaseback transaction line in the consolidated statements of operations.

Legal proceedings

We are subject to a variety of claims and suits that arise from time to time in the ordinary course of our business. While management currently believes that resolving claims against us, individually or in the aggregate, will not have a material adverse impact on our financial position, results of operations or statements of cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. We accrue for loss contingencies when it is both probable that we will incur the loss and when we can reasonably estimate the amount of the loss or range of loss.

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.

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 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 consolidated financial statements for such indemnification obligations.

Goodwill and Acquired Intangible Assets - Summary of Life, Gross Carrying Value of Acquired Intangible Assets, and Related Accumulated Amortization (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 720.1	$ 544.7
Accumulated Amortization	(330.1)	(243.2)
Net Carrying Value	$ 390.0	301.5
Weighted Average Life in Years	5 years
Audio and Video Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 232.1	138.6
Accumulated Amortization	(109.3)	(97.6)
Net Carrying Value	$ 122.8	41.0
Weighted Average Life in Years	5 years 7 months 6 days
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 170.5	125.5
Accumulated Amortization	(99.7)	(63.8)
Net Carrying Value	$ 70.8	61.7
Weighted Average Life in Years	4 years 1 month 6 days
Wireless and Connectivity Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 128.0	93.0
Accumulated Amortization	(33.8)	(14.2)
Net Carrying Value	$ 94.2	78.8
Weighted Average Life in Years	5 years 8 months 12 days
Video Interface Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 82.0	82.0
Accumulated Amortization	(52.4)	(25.1)
Net Carrying Value	$ 29.6	56.9
Weighted Average Life in Years	3 years
Display Driver Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 20.4	20.4
Accumulated Amortization	$ (20.4)	(17.5)
Net Carrying Value		2.9
Weighted Average Life in Years	7 years
Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value		12.0
Accumulated Amortization		(12.0)
Licensed Technology and Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 9.9	13.0
Accumulated Amortization	(7.5)	(8.1)
Net Carrying Value	$ 2.4	4.9
Weighted Average Life in Years	4 years 6 months
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 4.4	4.4
Accumulated Amortization	(3.7)	(3.2)
Net Carrying Value	$ 0.7	1.2
Weighted Average Life in Years	8 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 5.8	4.8
Accumulated Amortization	(3.3)	(1.7)
Net Carrying Value	$ 2.5	3.1
Weighted Average Life in Years	4 years 4 months 24 days
In-Process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 67.0	51.0
Accumulated Amortization	0.0
Net Carrying Value	$ 67.0	$ 51.0

Fair Value Measurements

12 Months Ended

Jun. 25, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

6. Fair Value Measurements

We determine fair value based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value assumes that the transaction to sell the asset or transfer the liability occurs in the principal or most advantageous market for the asset or liability and establishes that the fair value of an asset or liability shall be determined based on the assumptions that market participants would use in pricing the asset or liability. The classification of a financial asset or liability within the hierarchy is based upon the lowest level input that is significant to the fair value measurement. The fair value hierarchy prioritizes the inputs into three levels that may be used to measure fair value:

•

Level 1 – Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets.

•

Level 2 – Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments.

•

Level 3 – Valuation is based upon other unobservable inputs that are significant to the fair value measurements.

The fair value of our Level 1 financial instruments are traded in active markets and are based on quoted market prices for identical instruments. The fair value of our Level 2 fixed income securities is obtained from an independent pricing service, which may use quoted market prices for identical or comparable instruments or model driven valuations using observable market data or inputs corroborated by observable market data. Our marketable securities are held by custodians who obtain investment prices from a third-party pricing provider that incorporates standard inputs in various asset price models.

At June 25, 2022, financial assets measured at fair value on a recurring basis are summarized below (in millions):


	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	12.1	$	-	$	-	$	12.1
Short-term investments:
Certificates of deposit		-		2.4		-		2.4
Corporate debt securities		-		41.8		-		41.8
Municipal bonds		-		7.8		-		7.8
	$	12.1	$	52.0	$	-	$	64.1

The above table excludes $811.9 million of cash held in our bank accounts. There were no transfers in or out of our Level 1, 2 or 3 assets during fiscal 2022 or 2021.

We did not hold any financial assets measured at fair value during fiscal 2021.

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

We report our financial instruments at fair value with the exception of the Senior Debt and Term Loan (“Note 8. Debt”). The estimated fair value of the notes was determined based on the trading price of the notes as of the last day of trading for the period. We consider the fair value of the notes to be a Level 2 measurement as they are not actively traded in markets.

The carrying amounts and estimated fair values of the Senior Notes and Term Debt are as follows for the periods presented (in millions):


	June 25, 2022				June 26, 2021
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Senior Notes due 2029	$	395.0	$	326.9	$	400.0	$	401.5
Term Loan due 2028		586.7	$	575.0		-		-
Convertible notes due 2022		-		-	$	505.6	$	1,013.3
	$	981.7	$	901.9	$	905.6	$	1,414.8

- 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

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Jun. 25, 2022	Aug. 12, 2022	Dec. 23, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 25, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	SYNAPTICS INCORPORATED
Trading Symbol	SYNA
Entity Central Index Key	0000817720
Current Fiscal Year End Date	--06-26
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
ICFR Auditor Attestation Flag	true
Entity Well Known Seasoned Issuer	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	000-49602
Entity Tax Identification Number	77-0118518
Entity Address, Address Line One	1109 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
Entity Common Stock, Shares Outstanding		39,634,112
Entity Public Float			$ 7,188,751,584
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $.001 per share
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	DE
Document Annual Report	true
Document Transition Report	false
Documents Incorporated by Reference	Portions of the registrant's definitive Proxy Statement for the 2022 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.
Auditor Name	KPMG LLP
Auditor Location	Santa Clara, California
Auditor Firm ID	185

Acquisitions, Divestiture and Investment - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Dec. 25, 2021	Jun. 26, 2021	Jul. 31, 2020	Jul. 23, 2020	Jun. 27, 2020
Business Acquisition [Line Items]
Goodwill	$ 806.6		$ 570.0			$ 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				9.1
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				404.6
Accounts payable				(5.2)
Other accrued liabilities				(9.1)
Short-term lease liabilities				(1.7)
Long-term lease liabilities				(18.2)
Other long-term liabilities				(32.8)
Total liabilities				(67.0)
Net identifiable assets acquired				337.6
Goodwill			$ 0.9	106.4
Net assets acquired				$ 444.0
Broadcom Member
Business Acquisition [Line Items]
Property and equipment					$ 1.0
Intangible assets					123.0
Total identifiable assets acquired					124.0
Goodwill					102.8
Net assets acquired					226.6
Liabilities assumed					$ (0.2)
DSPG Member
Business Acquisition [Line Items]
Cash and cash equivalents	40.5
Short-term investments	71.9
Accounts receivable, net	12.9
Inventory	22.6
Prepaid expenses and other current assets	4.0
Property and equipment	5.9
Intangible assets	212.0
Right-of-use lease asset	9.8
Severance pay fund	16.2
Deferred tax asset	6.7	$ 0.3
Non-current other assets	2.3	35.6
Total identifiable assets acquired	404.8
Accounts payable	(6.7)
Other accrued liabilities	(19.8)
Short-term lease liabilities	1.5
Long-term lease liabilities	(8.2)
Accrued severance	(16.4)
Deferred tax liability	(39.4)	(38.1)
Other long-term liabilities	(6.1)	(29.1)
Total liabilities	(98.1)
Net identifiable assets acquired	306.7
Goodwill	236.6	$ 256.6
Net assets acquired	$ 543.3

Income Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Income Tax Disclosure [Abstract]
Beginning balance	$ 22.6	$ 20.1	$ 18.9
Increase in unrecognized tax benefits related to current year tax positions	7.1	5.5	3.2
Increase in unrecognized tax benefits related to prior year tax positions	5.5	0.0	0.1
Remeasurement of unrecognized tax benefits	(0.5)	0.0	0.0
Decrease due to statute expiration	(4.9)	(3.0)	(2.1)
Ending Balance	$ 29.8	$ 22.6	$ 20.1

Acquisitions, Divestiture and Investment - Summary of Adjusted Purchase Price (Detail) - USD ($) $ in Millions		12 Months Ended
	Jul. 23, 2020	Jun. 25, 2022
Business Acquisition [Line Items]
Allocation of Stock Based Compensation Replacement Awards		$ 1.7
Broadcom Member
Business Acquisition [Line Items]
Cash	$ 250.1
Adjustments to consideration transferred, net	1.5
Roadmap products - estimated cost of development	(25.0)
Business Combination Consideration Transferred1	$ 226.6

Organization and Summary of Significant Accounting Policies - Other Accrued Liabilities (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Payables and Accruals [Abstract]
Customer obligations	$ 88.6	$ 43.1
Inventory obligations	14.1	17.0
Operating lease liabilities	7.6	9.3
Other	35.0	26.8
Other accrued liabilities	$ 145.3	$ 96.2

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020	Jun. 29, 2019
Income Tax Disclosure [Line Items]
Net deferred tax assets	$ 4.2	$ 1.2
Valuation allowance	59.0	32.6
Net decrease in valuation allowance	26.4
Deferred tax liabilities	17.9
Accumulated foreign earnings	200.0
Gross unrecognized tax benefits	29.8	22.6	$ 20.1	$ 18.9
Gross unrecognized tax benefits increased during the year		7.2
Unrecognized tax benefit, reduction of effective tax rate if recognized		19.6
Increase (decrease) in interest and penalties accrued related to unrecognized tax benefits	0.8	0.2
Interest and penalties accrued related to unrecognized tax benefits	2.5	$ 1.7
Estimated decrease in unrecognized tax benefit in next 12 months	0.9
Estimated increase in unrecognized tax benefit in next 12 months	6.9
Undistributed earnings	46.0
Federal [Member]
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	$ 37.7
Net operating loss, beginning of expiration period	2034
Tax credit carryforward, amount	$ 25.4
State and Local Jurisdiction [Member]
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	4.8
Tax credit carryforward, amount	50.4
Foreign [Member]
Income Tax Disclosure [Line Items]
Deferred tax liabilities	22.1
Net operating loss carryforwards	$ 58.2
Net operating loss, beginning of expiration period	2029

Income Taxes (Tables)

12 Months Ended

Jun. 25, 2022

Income Tax Disclosure [Abstract]

Tabular Disclosure of Income (Loss) Before Income Tax Between Domestic and Foreign Jurisdictions

Income/(loss) before provision for income taxes for fiscal 2022, 2021, and 2020 consisted of the following (in millions):


	2022			2021			2020
United States	$	(44.8	)	$	(21.0	)	$	(13.5	)
Foreign		365.3			141.1			172.9
Income before provision for income taxes	$	320.5		$	120.1		$	159.4

Provision for Income Taxes

The provision for income taxes for fiscal 2022, 2021, and 2020 consisted of the following (in millions):


	2022			2021			2020
Current tax expense/(benefit)
Federal	$	(0.6	)	$	4.1		$	0.8
State		—			0.1			—
Foreign		94.9			36.1			35.4
		94.3			40.3			36.2
Deferred tax expense/(benefit)
Federal		(21.8	)		(0.5	)		(5.8	)
State		-			-			0.1
Foreign		(7.9	)		(8.4	)		8.1
		(29.7	)		(8.9	)		2.4
Provision for income taxes	$	64.6		$	31.4		$	38.6

Provision for Income Taxes Differs from Federal Statutory Rate

The provision for income taxes differs from the federal statutory rate for fiscal 2022, 2021, and 2020 as follows (in millions):


	2022			2021			2020
Provision at U.S. federal statutory tax rate	$	67.3		$	25.1		$	33.5
State income taxes		—			0.1			—
Non-deductible share-based compensation		7.9			5.2			3.0
(Windfall)/shortfall related to share-based compensation		(18.1	)		(3.8	)		2.1
Non-deductible officer compensation		6.4			6.4			1.9
Business credits		(10.0	)		(3.8	)		(6.1	)
Foreign tax differential		6.4			(6.7	)		4.9
Foreign income inclusion		3.6			5.2			0.7
Deferred taxes on unremitted foreign earnings		0.7			3.5			—
Other differences		0.4			0.2			(1.4	)
Provision for income taxes	$	64.6		$	31.4		$	38.6

Significant Components of Deferred Tax Assets (Liabilities)

Significant components of our deferred tax assets (liabilities) as of the end of fiscal 2022 and 2021 consisted of the following (in millions):


	2022			2021
Deferred tax assets:
Capital loss carryforward	$	17.8		$	0.2
Inventory write downs		2.6			3.9
Property and equipment and intangible assets		11.7			6.0
Share-based compensation		12.0			8.8
Nondeductible interest		5.4			—
Business credit carryforward		62.0			39.1
Lease liabilities		11.2			6.5
Net operating loss carryforward		16.3			7.2
Other accruals		5.6			5.1
		144.6			76.8
Valuation allowance		(59.0	)		(32.6	)
		85.6			44.2
Deferred tax liabilities:
Property and equipment		(2.0	)		(0.9	)
Interest		—			(3.4	)
Right-of-use assets		(11.5	)		(6.2	)
Unremitted foreign earnings		(22.1	)		(3.5	)
Acquisition intangibles		(45.8	)		(29.0	)
		(81.4	)		(43.0	)
Net deferred tax assets	$	4.2		$	1.2

Reconciliation of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balance of gross unrecognized tax benefits for fiscal 2022, 2021, and 2020 consisted of the following (in millions):


	2022			2021			2020
Beginning balance	$	22.6		$	20.1		$	18.9
Increase in unrecognized tax benefits related to current year tax positions		7.1			5.5			3.2
Increase in unrecognized tax benefits related to prior year tax positions		5.5			—			0.1
Remeasurement of unrecognized tax benefits		(0.5	)		—			—
Decrease due to statute expiration		(4.9	)		(3.0	)		(2.1	)
Ending Balance	$	29.8		$	22.6		$	20.1

Consolidated Statements of Comprehensive Income/(Loss) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 257.5	$ 79.6	$ 118.8
Other comprehensive loss
Unrealized loss on available-for-sale securities	(1.8)	0.0	0.0
Comprehensive income	$ 255.7	$ 79.6	$ 118.8

- Definition

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

+ References

+ Details

Segment, Customers, and Geographic Information - Major Customers' Revenue as a Percentage of Total Net Revenue (Parenthetical) (Detail)	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Customer Concentration Risk [Member] \| Sales Revenue, Net [Member] \| Minimum [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	10.00%	10.00%	10.00%

Fair Value Measurements (Additional Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Defined Benefit Plan Disclosure [Line Items]
Cash held in bank	$ 811.9
Level 1, 2 or 3 Member
Defined Benefit Plan Disclosure [Line Items]
Asset transfer	$ 0.0	$ 0.0

Goodwill and Acquired Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance	$ 570.0	$ 360.8
Acquisition activity	236.6	209.2
Ending balance	$ 806.6	$ 570.0

Acquisitions, Divestiture and Investment

12 Months Ended

Jun. 25, 2022

Business Combinations [Abstract]

Acquisitions, Divestiture and Investment

4. Acquisitions, Divestiture and Investment

Acquisitions

DSP Group, Inc.

On August 30, 2021, we entered into an agreement and plan of merger with DSP Group, Inc., or DSPG, to acquire all of the equity of DSPG, a leading global provider of voice and wireless chipset solutions for converged communications, for $22.00 per share in an all-cash transaction, referred to as the DSPG acquisition. The DSPG acquisition closed on

December 2, 2021, or the DSPG Closing Date, whereupon we obtained voice and wireless technology and product solutions for converged communications. In addition, under the terms of the agreement and plan of merger, we provided replacement equity awards to the transferred employees and allocated $1.7 million of the replacement equity awards value to consideration transferred.

The DSPG 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 June 25, 2022, was based on established and accepted valuation techniques performed with the assistance of our third-party valuation specialists.

The adjusted purchase price paid for DSPG was $543.3 million. The final purchase price allocation is as follows (in millions):


	Final As Adjusted June 25, 2022
Cash and cash equivalents	$	40.5
Short-term investments		71.9
Accounts receivable, net		12.9
Inventory		22.6
Prepaid expenses and other current assets		4.0
Property and equipment		5.9
Intangible assets		212.0
Right-of-use lease asset		9.8
Severance pay fund		16.2
Deferred tax asset		6.7
Non-current other assets		2.3
Total identifiable assets acquired		404.8
Accounts payable		(6.7	)
Other accrued expenses		(19.8	)
Short-term lease liabilities		(1.5	)
Long-term lease liabilities		(8.2	)
Accrued severance		(16.4	)
Deferred tax liability		(39.4	)
Other long-term liabilities		(6.1	)
Total liabilities		(98.1	)
Net identifiable assets acquired		306.7
Goodwill		236.6
Net assets acquired	$	543.3


	Previously Reported December 25, 2021			Measurement Period Adjustments (1)			As Adjusted
Other current assets	$	151.9		$	-		$	151.9
Goodwill		256.6			(20.0	)		236.6
Developed technology and other intangible assets		200.5			11.5			212.0
Deferred tax asset		0.3			6.4			6.7
Other long-term assets		35.6			(1.4	)		34.2
Current liabilities		(26.8	)		(1.2	)		(28.0	)
Deferred tax liability		(38.1	)		(1.3	)		(39.4	)
Other long-term liabilities		(29.1	)		(1.6	)		(30.7	)
Consideration adjustment		-			7.6			-
Net assets acquired	$	550.9		$	-		$	543.3

The following table summarizes the estimated fair value of the intangible assets as of the DSPG Closing Date (in millions):


	Estimated Weighted Average Useful Lives in Years		Estimated Fair Value

Developed technology		5.2	$	150.0
Customer contracts and related relationships		4.0		45.0
In process research and development	N/A			16.0
Trade names		1.0		1.0
Estimated fair value of acquired intangibles			$	212.0

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 4% to 18%. 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 advanced semiconductor telecommunications products for the Internet of Things, or IoT, market. We expect to complete the in-process research and development project in calendar year 2023.

The value of goodwill reflects the anticipated synergies of the combined operations and workforce of DSPG as of the DSPG Closing Date. None of the goodwill is expected to be deductible for income tax purposes.

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

The consolidated financial statements include approximately $83.8 million of revenue from the DSPG Closing Date through June 25, 2022. It is impracticable to determine the effect on net income attributable to DSPG as we initiated the integration of a substantial portion of DSPG into our ongoing operations during the second quarter of fiscal 2022, which was completed in the subsequent quarter.

Supplemental Pro Forma Information (Unaudited)

The supplemental pro forma financial information presented below is for illustrative purposes only and is not necessarily indicative of the financial position or results of operations that would have been realized if the acquisition had been completed on the date indicated, does not reflect synergies that might have been achieved, nor is it indicative of future operating results or financial position. The pro forma adjustments are based upon currently available information and certain assumptions we believe are reasonable under the circumstances.

The following supplemental pro forma information presents the combined results of operations for the year ended June 25, 2022 and June 26, 2021, as if DSPG had been acquired as of the beginning of fiscal 2021. Pro forma adjustments used to arrive at pro forma net income included adjustments for the addition of intangible amortization expense for the value of intangibles under the purchase price allocation, adjustments to record acquired inventories at fair value, transaction and restructuring costs. The total pro forma adjustments for fiscal 2022 was an increase to net income of $5.9 million and a decrease in net income of $86.3 million in fiscal 2021. The unaudited supplemental pro forma financial information for the periods presented is as follows (in millions):


	2022		2021
Revenue	$	1,802.6	$	1,466.0
Net income (loss)	$	263.4	$	(6.7	)

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 June 26, 2021, was based on established and accepted valuation techniques performed with the assistance of our third-party valuation specialists.

The adjusted purchase price paid for DisplayLink was $444.0 million.

The following table summarizes the 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		9.1
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		404.6
Accounts payable		(5.2	)
Other accrued liabilities		(9.1	)
Short-term lease liabilities		(1.7	)
Long-term lease liabilities		(18.2	)
Other long-term liabilities		(32.8	)
Total liabilities		(67.0	)
Net identifiable assets acquired		337.6
Goodwill		106.4
Net assets acquired	$	444.0

There were no measurement period adjustments during fiscal year ended June 25, 2022. During the fiscal year ended June 26, 2021 we recorded measurement period adjustments of $0.9 million to goodwill comprising of increases of $2.3 million in prepaid expenses and decreases of $0.8 million to other accrued liabilities and increases of $1.4 million in other long-term liabilities for a net increase of $1.7 million to the fair value of other acquired net tangible assets.

The following table summarizes the estimated fair value 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 fiscal 2023.

The value of goodwill reflects the anticipated synergies of the combined operations and workforce of DisplayLink as of the DisplayLink Closing Date. 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 consolidated financial statements include approximately $115.3 million and $110.0 million of revenue during fiscal 2022 and 2021, respectively. 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 first quarter of fiscal 2021.

(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 fiscal 2021 was a decrease to net income of $1.1 million.

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 was based on established and accepted valuation techniques performed with the assistance of our third-party valuation specialists.

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, and accounted for it separate from the business combination. At June 25, 2022 and June 26, 2021, the net book value of the development services is $5.8 million and $15.8 million, respectively. 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 consolidated statements of operations. 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 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. 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 consolidated financial statements include approximately $228.8 million and $100.4 million of revenue during fiscal 2022 and 2021, respectively. 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 at the close.

Divestiture

In December 2020, we completed the sale of limited audio technology intangible assets, received a fully-paid up perpetual license back from the buyer and, as an element of the transaction licensed other audio technology intangible assets to the buyer under a fully-paid up perpetual license arrangement. Under the asset purchase agreement and the intellectual property license agreement, we received $35.0 million in cash. The gain on the sale of the audio technology assets was $34.2 million.

In April 2020, we completed the sale of the assets of our LCD Touch Controller and Display Driver Integration product line, or TDDI, for LCD mobile displays. We retained our automotive TDDI product line and our discrete touch and discrete display driver product lines supporting LCD and OLED for the mobile market. The assets sold under the asset purchase agreement had a carrying value of approximately $33.6 million as of the closing date of the transaction for cash consideration of $138.7 million. The gain on sale of the assets was $105.1 million.

Goodwill and Acquired Intangible Assets

12 Months Ended

Jun. 25, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired Intangibles

7. Goodwill and Acquired Intangible Assets

The following table presents our goodwill balance as of June 25, 2022 and June 26, 2021 (in millions):


	2022		2021
Beginning balance	$	570.0	$	360.8
Acquisition activity		236.6		209.2
Ending balance	$	806.6	$	570.0

The following table summarizes the life, the gross carrying value of our acquired intangible assets, and the related accumulated amortization as of the end of fiscal 2022 and 2021 (in millions):


			2022							2021
	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		5.6	$	232.1	$	(109.3	)	$	122.8	$	138.6	$	(97.6	)	$	41.0
Customer relationships		4.1		170.5		(99.7	)		70.8		125.5		(63.8	)		61.7
Wireless connectivity technology		5.7		128.0		(33.8	)		94.2		93.0		(14.2	)		78.8
Video interface technology		3.0		82.0		(52.4	)		29.6		82.0		(25.1	)		56.9
Display driver technology		7.0		20.4		(20.4	)		—		20.4		(17.5	)		2.9
Backlog	Not applicable			—		—			—		12.0		(12.0	)		—
Licensed technology and other		4.5		9.9		(7.5	)		2.4		13.0		(8.1	)		4.9
Patents		8.0		4.4		(3.7	)		0.7		4.4		(3.2	)		1.2
Tradename		4.4		5.8		(3.3	)		2.5		4.8		(1.7	)		3.1
In process research and development	Not applicable			67.0		—			67.0		51.0		—			51.0
Acquired intangibles, gross		5.0	$	720.1	$	(330.1	)	$	390.0	$	544.7	$	(243.2	)	$	301.5

During fiscal 2022, we retired fully amortized intangible assets of $21.5 million of audio and video developed technology, $12.0 million in backlog and $3.1 million in licensed technology and other. During fiscal 2021, we retired fully amortized intangible assets of $143.6 million of display driver developed technology and $28.3 million of customer relationships.

Amortization expense is calculated using the straight-line method over the estimated useful lives of the acquired intangibles. The total amortization expense for the acquired intangible assets was $123.5 million in fiscal 2022, $110.1 million in fiscal 2021, and $51.4 million in fiscal 2020. This amortization expense was included in our consolidated statements of operations as acquired intangibles amortization and cost of revenue.

The following table presents expected annual aggregate amortization expense in future fiscal years (in millions):


2023	$	127.5
2024		66.9
2025		60.0
2026		47.0
2027		16.6
Thereafter		5.0
To be determined		67.0
Future amortization	$	390.0

Debt

12 Months Ended

Jun. 25, 2022

Debt Disclosure [Abstract]

Debt

8. Debt

Senior Debt

On March 11, 2021, we completed an offering of $400.0 million aggregate principal amount of 4.0% senior notes due 2029, or the Senior Notes, in a private offering. The Senior Notes were issued pursuant to an Indenture, dated as of March 11, 2021, or the Senior Notes Indenture, by and among our company, the guarantors named therein and Wells Fargo Bank, National Association, as trustee.

The Senior Notes Indenture provides that the Senior Notes will bear interest at a rate of 4.0% per annum, payable in cash semi-annually in arrears on December 15 and June 15 of each year, commencing on June 15, 2021. The Senior Notes will mature on June 15, 2029 and are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by each of our current and future domestic restricted subsidiaries that guarantee our obligations under our senior secured credit facilities.

Prior to June 15, 2024, we may redeem the Senior Notes, in whole or in part, at a redemption price of 100% of the principal amount thereof, plus a make-whole premium set forth in the Senior Notes Indenture, plus accrued and unpaid interest, if any, up to, but excluding, the redemption date.

We may redeem some or all of the Senior Notes on or after June 15, 2024 at the redemption prices specified below, plus accrued and unpaid interest, if any, up to, but excluding, the redemption date:


Year	Price
2024		102	%
2025		101	%
2026 and thereafter		100	%

In addition, at any time prior to June 15, 2024, we may redeem up to 40% of the aggregate principal amount of the Senior Notes at a redemption price equal to 104% of the principal amount thereof, plus accrued and unpaid interest, if any, up to, but excluding, the applicable redemption date with the net cash proceeds from one or more equity offerings by us.

The Senior Notes are the general unsecured obligations of our company. The Senior Note guarantees are the senior unsecured obligations of each guarantor. Under certain circumstances, the guarantors may be released from their Senior Note guarantees without consent of the holders of Senior Notes. Under the terms of the Senior Notes Indenture, the Senior Notes rank equally in right of payment with all of our and the guarantors’ existing and future senior indebtedness, and rank contractually senior in right of payment to our and the guarantors’ future indebtedness and other obligations that are, by their terms, expressly subordinated in right of payment to the Senior Notes. The Senior Notes are effectively subordinated to our and the guarantors’ existing and future secured indebtedness, including secured indebtedness under our senior secured credit facilities, to the extent of the value of the assets securing such indebtedness. The Senior Notes and guarantees are structurally subordinated to all existing and future indebtedness and liabilities (including trade payables) of our subsidiaries that do not guarantee the Senior Notes.

The Senior Notes Indenture contains covenants that, subject to exceptions and qualifications, among other things, limit our ability and the ability of our Restricted Subsidiaries (as defined in the Senior Notes Indenture) to (i) incur additional indebtedness and guarantee indebtedness; (ii) pay dividends or make other distributions or repurchase or redeem our company’s or any parent’s capital stock; (iii) prepay, redeem or repurchase certain indebtedness; (iv) issue certain preferred stock or similar equity securities; (v) make loans and investments; (vi) dispose of assets; (vii) incur liens; (viii) enter into transactions with affiliates; (ix) enter into agreements restricting its subsidiaries’ ability to pay dividends; and (x) consolidate, merge or sell all or substantially all of its assets.

The Senior Notes Indenture contains customary events of default including, without limitation, failure to make required payments, failure to comply with certain agreements or covenants, cross-acceleration to certain other indebtedness in excess of specified amounts, certain events of bankruptcy and insolvency, and failure to pay certain judgments. An event of default under the Senior Notes Indenture will allow either the trustee or the holders of at least 25% in aggregate principal amount of the then outstanding Senior Notes to accelerate, or in certain cases, will automatically cause the acceleration of, the maturity of the principal, and accrued and unpaid interest, if any, on all outstanding Notes.

Debt issuance costs relating to the Senior Notes of $5.7 million, netted against the debt amount on the consolidated balance sheet, are amortized as interest expense using the effective interest method over 99 months. The total interest expense recorded on the Senior Notes during the fiscal year ended June 25, 2022 was $16.6 million.

Revolving Credit Facility

On March 11, 2021, we amended and restated our Amended and Restated Credit Agreement, with the lenders and Wells Fargo Bank, National Association, as administrative agent, or the Credit Agreement, to, among other changes, extend the maturity date of our senior secured revolving credit facility, to five years from the closing date of the amendment, increase the facility size from $200.0 million to $250.0 million, and replace the requirement to maintain a total debt to Consolidated EBITDA (as defined in the Credit Agreement) ratio of not more than 4.75 to 1.00 with a requirement to maintain a net total debt to Consolidated EBITDA ratio of not more than 3.75 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 4.25 to 1.00, and thereafter 3.75 to 1.00, provided further, that such deemed increase pursuant to the foregoing shall not apply to more than two material acquisitions consummated during the term of the Credit Agreement.

The Credit Agreement provides for a revolving credit facility in a principal amount of up to $250 million, which includes a $20 million sublimit for letters of credit and a $25 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 $150 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. In March 2021, we used a portion of the proceeds from the Senior Notes described above to repay the $100.0 million outstanding borrowings on this revolving credit facility. As of June 25, 2022, there was no balance outstanding under the revolving credit facility.

Borrowings under the revolving credit facility are required to be repaid in full by March 11, 2026. Debt issuance costs relating to the revolving credit facility of $1.6 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 and 100% of the non-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 June 2023. 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 two financial covenants which limit the consolidated total leverage ratio, or leverage ratio, the consolidated interest coverage ratio, or interest coverage ratio, a restriction that permits accounts receivable financings provided that the aggregate unpaid amount of permitted accounts receivable financings are no more than the greater of $100 million and 50% of the amount of all accounts receivable of our company and specified subsidiaries and other specific items. The leverage ratio is the ratio of debt as of the measurement date to Consolidated EBITDA, for the four consecutive quarters ending with the quarter of measurement. The current leverage ratio shall not exceed 3.75 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 4.25 to 1.00, and thereafter 3.75 to 1.0. The interest coverage ratio is Consolidated 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. As of the end of fiscal 2022, we remain in compliance with the restrictive covenants.

Term Loan Facility

On December 2, 2021, we entered into that certain First Amendment and Lender Joinder Agreement to the Credit Agreement, to, among other things, establish a new $600.0 million incremental term loan facility, or the Term Loan Facility. The Term Loan Facility was advanced by certain existing and new lenders under the Credit Agreement to finance the DSPG

acquisition. The Term Loan Facility matures on December 2, 2028. Principal on the Term Loan Facility is payable in equal quarterly installments on the last day of each March, June, September and December of each year, beginning December 31, 2021, at a rate of 1.00% per annum.

Borrowings under the Term Loan Facility will accrue interest at the London Interbank Offered Rate, or LIBOR, plus 2.25% or at the base rate plus 1.50%, subject to a 25 basis point step-down based on total gross leverage, and subject to a LIBOR floor of 50 basis points. The base rate is the highest of (i) the Federal Funds Rate plus 0.50%, (ii) the Wells Fargo Bank, National Association prime rate and (iii) the one-month LIBOR plus 1.00%. The Term Loan Facility contains customary representations and warranties, affirmative and negative covenants and events of default, in each case consistent with the Credit Agreement. The Term Loan Facility does not contain any financial covenant.

The Term Loan Facility is subject to a 1.00% prepayment premium in the event all or any portion of the Term Loan Facility is prepaid within the first 6 months in connection with a repricing transaction only. The Term Loan Facility is subject to customary mandatory prepayments, including, commencing June 30, 2023, an excess cash flow sweep, subject to customary step-downs and thresholds.

Debt issuance costs relating to the Term Loan Facility of $11.2 million, netted against the debt amount on the consolidated balance sheet, are amortized as interest expense over 96 months. The total interest expense recorded on the Term Loan during fiscal 2022 was $10.4 million.

Convertible Debt

On June 1, 2021, pursuant to the Indenture, dated as of June 26, 2017 between us and Wells Fargo Bank, National Association, as trustee, or the Convertible Notes Indenture, we provided an irrevocable notice of redemption, for all $525,000,000 aggregate principal amount of our outstanding 0.50% convertible senior notes due in 2022, or the Convertible Notes. The Convertible Notes were redeemable at a cash redemption price of 100.0% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date of August 4, 2021.

Holders of the Convertible Notes had the right to convert the Convertible Notes called for redemption no later than August 3, 2021, or the Conversion Deadline. The conversion rate was equal to 13.7267 shares per $1,000 principal amount of the Convertible Notes, which was the initial conversion rate of 13.6947 shares per $1,000 principal amount of the Convertible Notes plus a number of additional shares equal to 0.0320 shares per $1,000 principal amount of the Convertible Notes. We elected to settle any conversions by Combination Settlement (as defined in the Convertible Notes Indenture) with a Specified Dollar Amount (as defined in the Convertible Notes Indenture) per $1,000 principal amount of Convertible Notes equal to $1,000, plus a number of shares of the our common stock, to be determined pursuant to the Convertible Notes Indenture, together with additional cash, if applicable, in lieu of delivering any fractional shares of common stock. As a result of this election, on August 4, 2021, we settled or redeemed the remaining outstanding Convertible Notes for $505.6 million in cash representing the principal amount outstanding and delivered approximately 3.5 million shares in common stock from our treasury stock for additional amounts, resulting in a loss of approximately $8.1 million which is included in Interest and other expense, net on our condensed consolidated statements of income included elsewhere in this report.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Share-Based Compensation - Employee Stock Purchase Plan - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock purchases under Employee Stock Purchase Plan as a percentage of employee compensation, maximum, subject to legal restrictions and limitations	15.00%
Employee common stock purchases through payroll deductions under Employee Stock Purchase Plan, price as a percentage of fair market value	85.00%
2010 ESPP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Offering period extends under Employee Stock Purchase Plan		up to two years
Fair value of each award granted	$ 38.93	$ 20.82	$ 15.48
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Earlier Options vesting period	2 years
Historical volatility for expected lives		6 months
Unrecognized share-based compensation costs for stock options granted	$ 1.4
Period over which share-based compensation is amortized duration	2 months
2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Offering period extends under Employee Stock Purchase Plan	up to one year
2019 Employee Inducement Equity Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Earlier Options vesting period	1 year

Share-Based Compensation - Market Stock Units - Additional Information (Detail) - Market stock units outstanding [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	3 years
Earlier Options vesting period	3 years
Percentage Of Potential Payout	100.00%
Shares withheld to meet statutory minimum tax withholding requirements	105,719
Shares valued withheld to meet statutory minimum tax withholding requirements	$ 18.3
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding	$ 128.78
Unrecognized share-based compensation cost	$ 14.9
Unrecognized share-based compensation, period for recognition	8 months 19 days
Fiscal 2020 MSU Grants [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
SOX Index TSR percentage points	226.12%
Percentage of targeted shares, MSU grants	100.00%
Fiscal 2019 MSU Grants [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
SOX Index TSR percentage points	185.21%
Percentage of targeted shares, MSU grants	200.00%
Fiscal 2021 MSU Grants [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
TSR percentile relative to Russell two thousand index	76
October2020 M S U Grants
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of targeted shares, MSU grants	200.00%
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	0.00%
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	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
Earlier Options vesting period	1 year
Share-based Compensation Award, First Tranche [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	200.00%
Share-based Compensation Award, First Tranche [Member] \| Maximum [Member] \| Three-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout		100.00%
Share-based Compensation Award, First Tranche [Member] \| Maximum [Member] \| Four-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	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
Earlier Options vesting period	2 years
Share-based Compensation Award, Second Tranche [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	200.00%
Share-based Compensation Award, Second Tranche [Member] \| Maximum [Member] \| Three-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	100.00%
Share-based Compensation Award, Second Tranche [Member] \| Maximum [Member] \| Four-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	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
Earlier Options vesting period	3 years
Share-based Compensation Award, Third Tranche [Member] \| Maximum [Member] \| Four-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	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
Earlier Options vesting period	4 years
TSR Percentile Below 25 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	0.00%
TSR Percentile Above 75 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	200.00%
TSR Percentile 50 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage Of Potential Payout	100.00%

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Current Assets:
Cash and cash equivalents	$ 824.0	$ 836.3
Short-term Investments	52.0	0.0
Accounts receivable, net of allowances of $5.8 at June 2021 and 2020	322.1	228.3
Inventories	169.7	82.0
Prepaid expenses and other current assets	35.6	33.1
Total current assets	1,403.4	1,179.7
Property and equipment, net	62.9	91.2
Goodwill	806.6	570.0
Acquired intangibles, net	390.0	301.5
Right-of-use assets	61.2	31.7
Non-current other assets	134.0	52.7
Total assets	2,858.1	2,226.8
Current Liabilities:
Accounts payable	141.8	97.6
Accrued compensation	90.6	76.4
Income taxes payable	79.7	29.4
Other accrued liabilities	145.3	96.2
Current portion of long-term debt	6.0
Total current liabilities	463.4	786.7
Long-term debt	975.7	394.4
Convertible notes, net		487.1
Other long-term liabilities	152.6	78.5
Total liabilities	1,591.7	1,259.6
Stockholders' Equity:
Common stock: $0.001 par value; 120,000,000 shares authorized, 66,963,006 and 65,871,648 shares issued, and 35,331,903 and 34,122,453 shares outstanding, at June 2021 and 2020, respectively	0.1	0.1
Additional paid-in capital	924.1	1,391.5
Treasury stock: 31,631,103 and 31,749,195 common shares at June 2021 and 2020, respectively, at cost	(694.5)	(1,205.4)
Accumulated other comprehensive loss	(1.8)	0.0
Retained earnings	1,038.5	781.0
Total stockholders' equity	1,266.4	967.2
Liabilities and stockholders' equity	$ 2,858.1	$ 2,226.8

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)	1 Months Ended		12 Months Ended
	Dec. 31, 2020 USD ($)	Apr. 30, 2017 USD ($)	Jun. 25, 2022 USD ($) Segment	Jun. 26, 2021 USD ($)	Jun. 27, 2020 USD ($)	Dec. 02, 2021 USD ($)	Apr. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Cash and Cash Equivalents, at Carrying Value			$ 824,000,000.0	$ 836,300,000
Debt instrument aggregate principal amounts						$ 600,000,000.0
Account receivable bad debt			200,000	0
Contract asset			1,200,000	1,900,000
Contract liability			27,300,000	7,000,000.0
Refund liability			61,300,000	36,100,000
Revenue recognized related to contract liabilities			$ 3,600,000	1,800,000
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.
Equity method investment			$ 5,000,000.0
Net loss offset			900,000
gain on sale of investment			2,500,000
Net gain (loss) on foreign currency transactions			$ 5,600,000	(1,400,000)	$ 200,000
Number of operating segments \| Segment			1
Performance stock units outstanding [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Earlier Options vesting period			3 years
Requisite service period			3 years
Market stock units outstanding [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Earlier Options vesting period			3 years
Requisite service period			3 years
Equity Investment (Gain) Loss
Organization Consolidation And Presentation Of Financial Statements [Line Items]
gain on sale of investment			$ 1,600,000
Thin Touch Developed Technology [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Impairment of acquired intangibles			$ 0	0	$ 0
OXi Technology Ltd [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Equity method investment		$ 18,400,000
Equity method investment, ownership percentage		14.40%
Equity method investment, ownership reduced percentage							13.80%
Eta Compute [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Cash	$ 5,000,000.0
Accounting Standards Update 2014-09 [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Remaining unsatisfied performance obligation				$ 0
Maximum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Revenue, performance obligation, payment terms			3 months
Finite-Lived Intangible Asset, Useful Life			6 years
Maximum [Member] \| Restricted stock units outstanding [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Earlier Options vesting period			4 years
Maximum [Member] \| Employee stock purchase plan [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Earlier Options vesting period			1 year
Minimum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Finite-Lived Intangible Asset, Useful Life			1 year
Minimum [Member] \| Restricted stock units outstanding [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Earlier Options vesting period				3 years

Goodwill and Acquired Intangible Assets - Schedule of Expected Annual Aggregate Amortization Expense (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 127.5
2024	66.9
2025	60.0
2026	47.0
2027	16.6
Thereafter	5.0
To be determined	67.0
Net Carrying Value	$ 390.0	$ 301.5

Share-Based Compensation - Stock Options - Additional Information (Detail) - USD ($)		12 Months Ended
	Oct. 29, 2019	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020	Sep. 25, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross	0
Stock options outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of fair market value for which exercise price is designated on incentive and nonqualified stock option grants		100.00%
Options granted under the 2010 Incentive Plan		vest three to four years from the vesting commencement date and expire seven years after the date of grant if not exercised.
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding		$ 128.78
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross		0	0	0
Stock options outstanding [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized share-based compensation costs for stock options granted					$ 0

Goodwill and Acquired Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Finite-Lived Intangible Assets [Line Items]
Acquired intangibles amortization	$ 123.5	$ 110.1	$ 51.4
Audio and Video Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Fully amortized intangible asset retired	21.5
Display Driver Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Fully amortized intangible asset retired		143.6
Licensed Technology And Other [Member]
Finite-Lived Intangible Assets [Line Items]
Fully amortized intangible asset retired	3.1
Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Fully amortized intangible asset retired	$ 12.0
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Fully amortized intangible asset retired		$ 28.3

Income Taxes

12 Months Ended

Jun. 25, 2022

Income Tax Disclosure [Abstract]

Income Taxes

13. Income Taxes

Income/(loss) before provision for income taxes for fiscal 2022, 2021, and 2020 consisted of the following (in millions):


	2022			2021			2020
United States	$	(44.8	)	$	(21.0	)	$	(13.5	)
Foreign		365.3			141.1			172.9
Income before provision for income taxes	$	320.5		$	120.1		$	159.4

The provision for income taxes for fiscal 2022, 2021, and 2020 consisted of the following (in millions):


	2022			2021			2020
Current tax expense/(benefit)
Federal	$	(0.6	)	$	4.1		$	0.8
State		—			0.1			—
Foreign		94.9			36.1			35.4
		94.3			40.3			36.2
Deferred tax expense/(benefit)
Federal		(21.8	)		(0.5	)		(5.8	)
State		-			-			0.1
Foreign		(7.9	)		(8.4	)		8.1
		(29.7	)		(8.9	)		2.4
Provision for income taxes	$	64.6		$	31.4		$	38.6

The provision for income taxes differs from the federal statutory rate for fiscal 2022, 2021, and 2020 as follows (in millions):


	2022			2021			2020
Provision at U.S. federal statutory tax rate	$	67.3		$	25.1		$	33.5
State income taxes		—			0.1			—
Non-deductible share-based compensation		7.9			5.2			3.0
(Windfall)/shortfall related to share-based compensation		(18.1	)		(3.8	)		2.1
Non-deductible officer compensation		6.4			6.4			1.9
Business credits		(10.0	)		(3.8	)		(6.1	)
Foreign tax differential		6.4			(6.7	)		4.9
Foreign income inclusion		3.6			5.2			0.7
Deferred taxes on unremitted foreign earnings		0.7			3.5			—
Other differences		0.4			0.2			(1.4	)
Provision for income taxes	$	64.6		$	31.4		$	38.6

Non-current deferred tax assets and non-current deferred tax liabilities are included in “Non-current other assets” and “Other long-term liabilities”, respectively, on our consolidated balance sheets.

Significant components of our deferred tax assets (liabilities) as of the end of fiscal 2022 and 2021 consisted of the following (in millions):


	2022			2021
Deferred tax assets:
Capital loss carryforward	$	17.8		$	0.2
Inventory write downs		2.6			3.9
Property and equipment and intangible assets		11.7			6.0
Share-based compensation		12.0			8.8
Nondeductible interest		5.4			—
Business credit carryforward		62.0			39.1
Lease liabilities		11.2			6.5
Net operating loss carryforward		16.3			7.2
Other accruals		5.6			5.1
		144.6			76.8
Valuation allowance		(59.0	)		(32.6	)
		85.6			44.2
Deferred tax liabilities:
Property and equipment		(2.0	)		(0.9	)
Interest		—			(3.4	)
Right-of-use assets		(11.5	)		(6.2	)
Unremitted foreign earnings		(22.1	)		(3.5	)
Acquisition intangibles		(45.8	)		(29.0	)
		(81.4	)		(43.0	)
Net deferred tax assets	$	4.2		$	1.2

Realization of deferred tax assets depends on our generating sufficient U.S. and certain foreign taxable income in future years to obtain a benefit from the utilization of those deferred tax assets on our tax returns. Accordingly, the amount of deferred tax assets considered realizable may increase or decrease when we reevaluate the underlying basis for our estimates of future U.S. and foreign taxable income. As of the end of fiscal 2022, a valuation allowance of $59.0 million was maintained to reduce deferred tax assets primarily related to state tax credits and capital losses carryforwards that are not more likely than not to be realized through future taxable income. The net change in the valuation allowance during fiscal 2022 was an increase of $26.4 million, primarily due to an increase of unrealized deferred tax assets associated with the capital loss carryforwards from our DSPG acquisition..

We consider most of the earnings of our foreign subsidiaries as not indefinitely reinvested overseas and have made appropriate provisions for income or withholding taxes, that may result from a future repatriation of those earnings. Further, we determined not to indefinitely reinvest earnings of certain subsidiaries acquired as part of our DSPG acquisition and established a $17.9 million deferred tax liability on the acquisition date balance sheet. As a result, $22.1 million of our deferred tax liability is associated with unremitted foreign earnings, which if remitted would not result in a further provision for income taxes. We continue to indefinitely reinvest $200 million on certain accumulated earnings and outside basis differences primarily related to our DSPG acquisition. If the undistributed earnings and other outside basis differences were recognized in a taxable transaction, the associated foreign tax credits would be expected to reduce the U.S. income tax liability associated with the foreign distribution or the otherwise taxable transaction. As of our fiscal 2022, assuming full utilization of the associated foreign tax credits, the potential net deferred tax liability associated with these undistributed earnings and outside basis differences would be approximately $46 million.

As of the end of fiscal 2022, we had federal, California, and foreign net operating loss carryforwards of approximately $37.7 million, $14.8 million, and $58.2 million, respectively. The federal and California net operating loss will begin to expire in fiscal 2034 and 2029, respectively, if not utilized. Most of our foreign net operating losses have no expiration date. Under current tax law, net operating loss and tax credit carryforwards available to offset future income or income taxes may be limited by statute or upon the occurrence of certain events, including significant changes in ownership.

We had $25.4 million and $50.4 million of federal and state research tax credit carryforwards, respectively, as of the end of fiscal 2022. The federal research tax credit carryforward will begin to expire in 2029 and the state research tax credit can be carried forward indefinitely.

The total liability for gross unrecognized tax benefits related to uncertain tax positions, included in other liabilities in our consolidated balance sheets, increased by $7.2 million from $22.6 million in fiscal 2021 to $29.8 million in fiscal 2022. Of this amount, $19.6 million will reduce the effective tax rate on income from continuing operations, if recognized. A reconciliation of the beginning and ending balance of gross unrecognized tax benefits for fiscal 2022, 2021, and 2020 consisted of the following (in millions):


	2022			2021			2020
Beginning balance	$	22.6		$	20.1		$	18.9
Increase in unrecognized tax benefits related to current year tax positions		7.1			5.5			3.2
Increase in unrecognized tax benefits related to prior year tax positions		5.5			—			0.1
Remeasurement of unrecognized tax benefits		(0.5	)		—			—
Decrease due to statute expiration		(4.9	)		(3.0	)		(2.1	)
Ending Balance	$	29.8		$	22.6		$	20.1

Accrued interest and penalties increased by $0.8 million in fiscal 2022 as compared to fiscal 2021 and decreased by $0.2 million in fiscal 2021 as compared to fiscal 2020. Accrued interest and penalties were $2.5 million and $1.7 million as of the end of fiscal 2022 and 2021, respectively. Our policy is to classify interest and penalties, if any, as components of income tax expense.

It is reasonably possible that the amount of liability for unrecognized tax benefits may change within the next 12 months; an estimate of the range of possible changes could result in a decrease of $0.9 million to an increase of $6.9 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 U.S., Hong Kong SAR, Japan, Israel and the U.K. From fiscal 2016 onward, we remain subject to examination by one or more of these jurisdictions.

In January 2022, final foreign tax credit regulations, final regulations, were issued by the U.S. Treasury modifying long established rules, including rules used in the determination of whether foreign taxes paid or accrued are creditable against U.S. income taxes. Subsequently, in July 2022, technical corrections and amendments to the final regulations were issued by the U.S. Treasury. These technical corrections and amendments do not change our initial view that certain foreign taxes we incur may not be creditable under the final regulations. We are currently assessing the impact of the final regulations, together with certain research and development capitalization rules, all effective beginning with our fiscal 2023, but anticipate the impact will have a material adverse effect on our fiscal 2023 and future provision for income taxes.

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

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+ Details

Share-Based Compensation - Fair Value of Each Award Granted Under Stock Option Plans (Detail) - Market stock units outstanding [Member] - $ / shares	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020	Jun. 29, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility	52.61%	53.62%
Correlation coefficient	0.53%	0.51%
Expected life in years	2 years 10 months 13 days	2 years 10 months 13 days
Risk-free interest rate	0.40%	0.17%
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility			45.46%
Correlation coefficient			0.53%
Expected life in years			2 years 6 months
Risk-free interest rate			0.26%
Fair value per award	$ 284.43	$ 131.34	$ 55.52	$ 27.70
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility			52.55%
Correlation coefficient			0.58%
Expected life in years			4 years
Risk-free interest rate			1.52%
Fair value per award	$ 342.89	$ 175.15	$ 100.38	$ 85.52
SOX Index [Member] \| Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility	17.40%	19.60%	24.64%
SOX Index [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility	581.60%	197.60%	33.44%

Share-Based Compensation - Cash Received and Aggregate Intrinsic Value of Stock Options Exercised (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Share-based Payment Arrangement [Abstract]
Cash received	$ 5.3	$ 23.9	$ 23.9
Aggregate intrinsic value	$ 3.6	$ 8.6	$ 10.8

Leases, Commitments and Contingencies - Schedule of Future Minimum Lease Payments for Operating Leases (Detail) - USD ($) $ in Millions	Jun. 25, 2022	Jun. 26, 2021
Leases Commitments And Contingencies [Abstract]
2023	$ 6.3
2024	10.3
2025	9.2
2026	9.0
2027	8.3
Thereafter	28.5
Lessee, Operating Lease, Liability, to be Paid, Total	71.6
Less: interest	(12.5)
Total Lease liabilities	$ 59.1	$ 33.3

Employee Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 27, 2020
Retirement Benefits [Abstract]
Annual limit of employees contribution to defined contribution plan	$ 20,500
Annual limit of contribution for 50 years or older employees	$ 27,000
Percentage of maximum employer matching contribution to defined contribution plans	25.00%
Contributions by employer matching contributions	$ 1,700,000	$ 1,800,000	$ 2,100,000

Segment, Customers, and Geographic Information (Tables)

12 Months Ended

Jun. 25, 2022

Net Revenue within Geographic Areas Based on Customers' Locations

Net revenue within geographic areas based on our customers’ locations for fiscal 2022, 2021, and 2020, consisted of the following (in millions):


	2022		2021		2020
China	$	609.1	$	524.0	$	540.6
Taiwan		539.4		382.6		204.5
Japan		453.1		330.7		446.5
Other		83.9		69.5		77.3
South Korea		39.1		28.5		58.3
United States		15.1		4.3		6.7
	$	1,739.7	$	1,339.6	$	1,333.9

Net Revenue from External Customers

Net revenue from external customers for each group of similar products for fiscal 2022, 2021, and 2020 consisted of the following (in millions):


	2022		2021		2020
IoT product applications	$	1,100.9	$	612.9	$	329.8
PC product applications		343.0		354.7		317.4
Mobile product applications		295.8		372.0		686.7
	$	1,739.7	$	1,339.6	$	1,333.9

Sales Revenue, Net [Member]

Long-Lived Assets within Geographic Areas

Long-lived assets within geographic areas as of the end of fiscal 2022 and 2021 consisted of the following (in millions):


	2022		2021
United States	$	118.2	$	168.5
Asia/Pacific		624.7		191.9
Europe		516.6		602.3
	$	1,259.5	$	962.7

Major Customers' Revenue as a Percentage of Total Net Revenue

Major customers’ revenue as a percentage of total net revenue for fiscal 2022, 2021, and 2020 were as follows:


	2022	2021	2020
Customer A	*	14%	18%
Customer B	13%	13%	*
Customer C	12%	10%	12%

* Less than 10%

Debt - Schedule Of Redemption Prices And Unpaid Interest (Detail)	12 Months Ended
	Jun. 25, 2022
2024 [Member]
Debt Instrument [Line Items]
Price	102.00%
2025 [Member]
Debt Instrument [Line Items]
Price	101.00%
2026 An Thereafter [Member]
Debt Instrument [Line Items]
Price	100.00%