Synaptics (SYNA) 10-Q 6 May 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 27, 2021	May 03, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 27, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Trading Symbol	SYNA
Entity Registrant Name	SYNAPTICS INCORPORATED
Entity Central Index Key	0000817720
Current Fiscal Year End Date	--06-27
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		35,201,940
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $.001 per share
Security Exchange Name	NASDAQ
Entity File Number	000-49602
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0118518
Entity Address, Address Line One	1251 McKay Drive
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95131
City Area Code	408
Local Phone Number	904-1100
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Current Assets:
Cash and cash equivalents	$ 756.2	$ 763.4
Accounts receivable, net of allowances of $5.8 at March 2021 and June 2020	233.7	195.3
Inventories	69.3	102
Prepaid expenses and other current assets	31.6	16.9
Total current assets	1,090.8	1,077.6
Property and equipment at cost, net of accumulated depreciation of $134.2 and $131.2 at March 2021 and June 2020, respectively	95.3	84.3
Goodwill	569	360.8
Acquired intangibles, net	327.1	93.4
Non-current other assets	98.8	77.7
Total assets	2,181	1,693.8
Current Liabilities:
Accounts payable	106.9	60.6
Accrued compensation	59.8	59.5
Income taxes payable	18.7	33
Other accrued liabilities	90.7	91
Total current liabilities	276.1	244.1
Long-term debt	394.4	100
Convertible notes, net	500.9	486.6
Other long-term liabilities	77	44
Total liabilities	1,248.4	874.7
Stockholders' Equity:
$0.001 par value; 120,000,000 shares authorized, 66,929,462 and 65,871,648 shares issued, and 35,180,267 and 34,122,453 shares outstanding, at March 2021 and June 2020, respectively	0.1	0.1
Additional paid-in capital	1,393.1	1,340.2
Treasury stock: 31,749,195 common treasury shares at March 2021 and June 2020, at cost	(1,222.6)	(1,222.6)
Retained earnings	762	701.4
Total stockholders' equity	932.6	819.1
Liabilities and stockholders' equity	$ 2,181	$ 1,693.8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 5.8	$ 5.8
Property and equipment, accumulated depreciation	$ 134.2	$ 131.2
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	66,929,462	65,871,648
Common stock, shares outstanding	35,180,267	34,122,453
Common treasury shares	31,749,195	31,749,195

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income/(Loss) (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020	Mar. 27, 2021	Mar. 28, 2020
Income Statement [Abstract]
Net revenue	$ 325.8	$ 328.1	$ 1,011.8	$ 1,056.3
Cost of revenue	170.3	192.5	571.4	635.2
Gross margin	155.5	135.6	440.4	421.1
Operating expenses:
Research and development	77.5	75.8	235.7	238.8
Selling, general, and administrative	36.8	31.6	111.6	90.6
Acquired intangibles amortization	8.7	2.9	24.1	8.8
Restructuring costs	0.9	6.3	7.1	26.2
Gain on sale of audio technology assets			(34.2)
Total operating expenses	123.9	116.6	344.3	364.4
Operating income	31.6	19	96.1	56.7
Interest and other expense, net	(7)	(3.2)	(17.7)	(9.1)
Income before provision for income taxes and equity investment loss	24.6	15.8	78.4	47.6
Provision for income taxes	10.4	10.2	16.4	17.3
Equity investment loss	(0.4)	(0.6)	(1.4)	(1.5)
Net income and Comprehensive income	$ 13.8	$ 5	$ 60.6	$ 28.8
Net income per share:
Basic	$ 0.39	$ 0.15	$ 1.75	$ 0.86
Diluted	$ 0.35	$ 0.14	$ 1.62	$ 0.83
Shares used in computing net income per share:
Basic	35	34	34.7	33.5
Diluted	39.1	35	37.5	34.5

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Cumulative Effect of Changes in Accounting Principles [Member]	As Adjusted [Member]	Common Stock [Member]	Common Stock [Member]As Adjusted [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]As Adjusted [Member]	Treasury Stock [Member]	Treasury Stock [Member]As Adjusted [Member]	Retained Earnings [Member]	Retained Earnings [Member]Cumulative Effect of Changes in Accounting Principles [Member]	Retained Earnings [Member]As Adjusted [Member]
Balance, value at Jun. 29, 2019	$ 657.3	$ (0.9)	$ 656.4	$ 0.1	$ 0.1	$ 1,266.1	$ 1,266.1	$ (1,192.4)	$ (1,192.4)	$ 583.5	$ (0.9)	$ 582.6
Balance, shares at Jun. 29, 2019				64,283,948	64,283,948
Net income/(loss)	4									4
Issuance of common stock for share- based award compensation plans	1.7					1.7
Issuance of common stock for share-based award compensation plans, shares				209,110
Payroll taxes for deferred stock units	(1.5)					(1.5)
Purchases of treasury stock	(17)							(17)
Share-based compensation	11.2					11.2
Balance, value at Sep. 28, 2019	654.8			$ 0.1		1,277.5		(1,209.4)		586.6
Balance, shares at Sep. 28, 2019				64,493,058
Net income/(loss)	19.8									19.8
Issuance of common stock for share- based award compensation plans	11.8					11.8
Issuance of common stock for share-based award compensation plans, shares				895,755
Payroll taxes for deferred stock units	(7.2)					(7.2)
Share-based compensation	12.1					12.1
Balance, value at Dec. 28, 2019	691.3			$ 0.1		1,294.2		(1,209.4)		606.4
Balance, shares at Dec. 28, 2019				65,388,813
Net income/(loss)	5									5
Issuance of common stock for share- based award compensation plans	16.5					16.5
Issuance of common stock for share-based award compensation plans, shares				363,402
Payroll taxes for deferred stock units	(0.6)					(0.6)
Purchases of treasury stock	(13.1)							(13.1)
Share-based compensation	13.8					13.8
Balance, value at Mar. 28, 2020	712.9			$ 0.1		1,323.9		(1,222.5)		611.4
Balance, shares at Mar. 28, 2020				65,752,215
Balance, value at Jun. 27, 2020	819.1		819.1		$ 0.1		1,340.2		(1,222.6)			701.4
Balance, shares at Jun. 27, 2020					65,871,648
Net income/(loss)	(2.8)									(2.8)
Issuance of common stock for share- based award compensation plans	10.4					10.4
Issuance of common stock for share-based award compensation plans, shares				296,917
Payroll taxes for deferred stock units	(5.6)					(5.6)
Share-based compensation attributable to acquisition	3.2					3.2
Share-based compensation	14.4					14.4
Balance, value at Sep. 26, 2020	838.7			$ 0.1		1,362.6		(1,222.6)		698.6
Balance, shares at Sep. 26, 2020				66,168,565
Balance, value at Jun. 27, 2020	819.1		$ 819.1		$ 0.1		$ 1,340.2		$ (1,222.6)			$ 701.4
Balance, shares at Jun. 27, 2020					65,871,648
Net income/(loss)	60.6
Balance, value at Mar. 27, 2021	932.6			$ 0.1		1,393.1		(1,222.6)		762
Balance, shares at Mar. 27, 2021				66,929,462
Balance, value at Sep. 26, 2020	838.7			$ 0.1		1,362.6		(1,222.6)		698.6
Balance, shares at Sep. 26, 2020				66,168,565
Net income/(loss)	49.6									49.6
Issuance of common stock for share- based award compensation plans	0.8					0.8
Issuance of common stock for share-based award compensation plans, shares				508,776
Payroll taxes for deferred stock units	(20.2)					(20.2)
Share-based compensation	19.1					19.1
Balance, value at Dec. 26, 2020	888			$ 0.1		1,362.3		(1,222.6)		748.2
Balance, shares at Dec. 26, 2020				66,677,341
Net income/(loss)	13.8									13.8
Issuance of common stock for share- based award compensation plans	15.7					15.7
Issuance of common stock for share-based award compensation plans, shares				252,121
Payroll taxes for deferred stock units	(1.2)					(1.2)
Share-based compensation	16.3					16.3
Balance, value at Mar. 27, 2021	$ 932.6			$ 0.1		$ 1,393.1		$ (1,222.6)		$ 762
Balance, shares at Mar. 27, 2021				66,929,462

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020
Cash flows from operating activities
Net income	$ 60.6	$ 28.8
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation costs	49.8	37.1
Depreciation and amortization	15.5	21.9
Acquired intangibles amortization	84.5	40.4
Gain on sale of audio technology assets	(34.2)
Deferred taxes	(10.1)	0.9
Amortization of convertible debt discount and issuance costs	14.3	13.7
Amortization of debt issuance costs	0.3	0.4
Amortization of cost of development services	6.7
Acquired in-process research and development		3.7
Equity investment loss	1.4	1.5
Foreign currency remeasurement loss	(1.9)	(0.6)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	(31.3)	(8.4)
Inventories	65.8	50.7
Prepaid expenses and other current assets	(7.9)	(0.4)
Other assets	(4.3)	2.5
Accounts payable	37.9	(8.6)
Accrued compensation	(1.7)	17.4
Income taxes payable	(11.8)	(5.3)
Other accrued liabilities	(19.3)	(27.4)
Net cash provided by operating activities	214.3	168.3
Cash flows from investing activities
Acquisition of businesses, net of cash and cash equivalents acquired	(626.5)
Proceeds from sale of audio technology assets	34.2
Purchase of in-process research and development		(2.5)
Proceeds from maturities of investments	95.8
Purchases of property and equipment	(15.5)	(11.7)
Cost method investment	(5)
Net cash used in investing activities	(517)	(14.2)
Cash flows from financing activities
Proceeds from issuance of debt	400
Payment on line of credit borrowings	(100)
Purchases of treasury stock		(30.1)
Proceeds from issuance of shares	26.9	30
Payroll taxes for deferred stock and market stock units	(27)	(9.3)
Payment of debt issuance costs	(5.9)	(0.2)
Net cash provided by/(used in) financing activities	294	(9.6)
Effect of exchange rate changes on cash and cash equivalents	1.5	(0.2)
Net increase/(decrease) in cash and cash equivalents	(7.2)	144.3
Cash and cash equivalents at beginning of period	763.4	327.8
Cash and cash equivalents at end of period	756.2	472.1
Supplemental disclosures of cash flow information
Cash paid for taxes	37.9	24
Cash refund on taxes	0.3	1.3
Non-cash investing and financing activities:
Purchases of property and equipment in current liabilities	$ 4.4	$ 1.2

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 27, 2021
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission, or the SEC, and U.S. generally accepted accounting principles, or U.S. GAAP. Certain information or footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to SEC rules and regulations. In our opinion, the financial statements include all adjustments, which are of a normal and recurring nature and necessary for the fair presentation of the results of the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the operating results for the full fiscal year or any future period. These financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended June 27, 2020. The consolidated financial statements include our financial statements and those of our wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated upon consolidation. Our fiscal year is the 52- or 53-week period ending on the last Saturday in June. Our fiscal 2021 and 2020 are 52-week periods ending June 26, 2021 and June 27, 2020, respectively. The fiscal periods presented in this report are 13-week and 39-week periods ended March 27, 2021, and March 28, 2020, respectively. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue, expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, allowance for doubtful accounts, cost of revenue, inventories, loss on purchase commitments, product warranty, accrued liabilities, share-based compensation costs, provision for income taxes, deferred income tax asset valuation allowances, uncertain tax positions, goodwill, intangible assets, investments and loss contingencies. We base our estimates on historical experience, applicable laws and regulations, and various other assumptions that we believe to be reasonable under the circumstances, including our expectations regarding the potential impacts on our business of the COVID-19 pandemic, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Cash Equivalents Cash equivalents consist of highly liquid investments with original maturities of three months or less. Our cash equivalents as of March 27, 2021 included bank deposits with a carrying value of $350.9 million, which approximates fair value, and as of June 27, 2020 they included money market accounts with a carrying value of $521.1 million, which approximates fair value, and are included in cash and cash equivalents on the condensed consolidated balance sheets. Foreign Currency Transactions and Foreign Exchange Contracts The U.S. dollar is our functional and reporting currency. We remeasure our monetary assets and liabilities not denominated in the functional currency into U.S. dollar equivalents at the rate of exchange in effect on the balance sheet date. We measure and record non-monetary balance sheet accounts at the historical rate in effect at the date of transaction. We remeasure foreign currency expenses at the weighted average exchange rate in the month that the transaction occurred. Our foreign currency transactions and remeasurement gains and losses are included in selling, general, and administrative expenses in the condensed consolidated statements of income and resulted in net losses of $0.3 million and $1.4 million in the three and nine months ended March 27, 2021, respectively, and net losses of $0.1 million and less than $0.1 million in the three and nine months ended March 28, 2020, respectively. Leases We determine if a contract is a lease or contains a lease at the inception of the contract and reassess that conclusion if the contract is modified. All leases are assessed for classification as an operating lease or a finance lease. Operating lease right-of-use, or ROU, assets are included in non-current other assets on our condensed consolidated balance sheet. Operating lease liabilities are separated into a current portion, included within accrued liabilities on our condensed consolidated balance sheet, and a non-current portion, included within other long-term liabilities on our condensed consolidated balance sheet. We do not have any finance lease ROU assets or liabilities. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. We do not obtain and control the right to use the identified asset until the lease commencement date. Our lease liabilities are recognized at the applicable lease commencement date based on the present value of the lease payments required to be paid over the lease term. Because the interest rate implicit in the lease is not readily determinable, we generally use our incremental borrowing rate to discount the lease payments to present value. The estimated incremental borrowing rate is derived from information available at the lease commencement date. We factor in publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates. Our ROU assets are also recognized at the applicable lease commencement date. The ROU asset equals the carrying amount of the related lease liability, adjusted for any lease payments made prior to lease commencement and lease incentives provided by the lessor. Variable lease payments are expensed as incurred and do not factor into the measurement of the applicable ROU asset or lease liability. The term of our leases equals the non-cancellable period of the lease, including any rent-free periods provided by the lessor, and also include options to renew or extend the lease (including by not terminating the lease) that we are reasonably certain to exercise. We establish the term of each lease at lease commencement and reassess that term in subsequent periods when one of the triggering events outlined in ASC Topic 842 occurs. Operating lease cost for lease payments is recognized on a straight-line basis over the lease term. Our lease contracts often include lease and non-lease components. For our leases, we have elected the practical expedient offered by the standard to not separate lease from non-lease components and account for them as a single lease component. We have elected, for all classes of underlying assets, not to recognize ROU assets and lease liabilities for leases with a term of twelve months or less. Lease cost for short-term leases is recognized on a straight-line basis over the lease term.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Mar. 27, 2021
Revenue From Contract With Customer [Abstract]
Revenue Recognition	2. Revenue Recognition We account for revenue using Accounting Standards Codification Topic 606, or ASC 606, Revenue from Contracts with Customers. Our revenue is primarily generated from the sale of application specific integrated circuit chips, or ASIC chips, either directly to a customer or to a distributor. Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services. All of our revenue, except an inconsequential amount, is recognized at a point in time, either on shipment or delivery of the product, depending on customer terms and conditions. We generally warrant our products for a period of 12 months from the date of sale and estimate probable product warranty costs at the time we recognize revenue as the warranty is considered an assurance warranty and not a performance obligation. Non-product revenue is recognized over the same period of time such performance obligations are satisfied. We then select an appropriate method for measuring satisfaction of the performance obligations. Revenue from sales to distributors is recognized upon shipment of the product to the distributors (sell-in basis). Master sales agreements are in place with certain customers, and these agreements typically contain terms and conditions with respect to payment, delivery, warranty and supply. In the absence of a master sales agreement, we consider a customer's purchase order or our standard terms and conditions to be the contract with the customer. Our pricing terms are negotiated independently, on a stand-alone basis. In determining the transaction price, we evaluate whether the price is subject to refund or adjustment to determine the net consideration which we expect to receive for the sale of such products. In limited situations, we make sales to certain customers under arrangements where we grant stock rotation rights, price protection and price allowances; variable consideration associated with these rights is expected to be inconsequential. These adjustments and incentives are accounted for as variable consideration, classified as other current liabilities under the revenue standard, 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 $0.6 We invoice customers for each delivery upon shipment and recognize revenue in accordance with delivery terms. As of March 27, 2021, we did not have any remaining unsatisfied performance obligations with an original duration greater than one year. Accordingly, under the optional exception provided by ASC 606, we do not disclose revenues allocated to future performance obligations of partially completed contracts. We account for shipping and handling costs as fulfillment costs before the customer obtains control of the goods and include these costs in We incur commission expense that is incremental to obtaining contracts with customers. Sales commissions (which are recorded as a selling, general and administrative expense in the condensed consolidated statements of income) are expensed when the product is shipped because such commissions are owed after shipment. Revenue from contracts with customers disaggregated by geographic area based on customer location and groups of similar products is presented in Note 14 Segment, Customers, and Geographical Information.

Net Income Per Share

Net Income Per Share	9 Months Ended
	Mar. 27, 2021
Earnings Per Share [Abstract]
Net Income Per Share	3. Net Income Per Share The computation of basic and diluted net income per share was as follows (in millions, except per share data): Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 Numerator: Net income $ 13.8 $ 5.0 $ 60.6 $ 28.8 Denominator: Shares, basic 35.0 34.0 34.7 33.5 Effect of dilutive share-based awards and convertible notes 4.1 1.0 2.8 1.0 Shares, diluted 39.1 35.0 37.5 34.5 Net income per share: Basic $ 0.39 $ 0.15 $ 1.75 $ 0.86 Diluted $ 0.35 $ 0.14 $ 1.62 $ 0.83 Our basic net income per share amounts for each period presented have been computed using the weighted average number of shares of common stock outstanding over the period measured. Our diluted net income per share amounts for each period presented include the weighted average effect of potentially dilutive shares. We use the treasury stock method to determine the dilutive effect of our stock options, restricted stock units, or RSUs, market stock units, or MSUs, performance stock units, or PSUs, and our convertible notes. Dilutive net income per share amounts do not include the potential weighted average effect of 32,109 and 345,783 shares of common stock related to certain share-based awards that were outstanding during the three months ended March 27, 2021 and March 28, 2020, respectively, and 68,795 and 800,857 shares of common stock related to certain share-based awards that were outstanding during the nine months ended March 27, 2021 and March 28, 2020, respectively. These share-based awards were not included in the computation of diluted net income per share because their effect would have been antidilutive.

Fair Value

Fair Value	9 Months Ended
	Mar. 27, 2021
Fair Value Disclosures [Abstract]
Fair Value	4. Fair Value Our carrying values of cash equivalents and short-term investments approximate their fair values due to the short period of time to maturity. The fair values of our accounts receivable and accounts payable approximate their carrying values because of the short-term nature of those instruments. Intangible assets, property and equipment, and goodwill are measured at fair value on a non-recurring basis if impairment is indicated. The interest rate on our bank debt is variable, which is subject to change from time to time to reflect a market interest rate; accordingly, the carrying value of our bank debt approximates fair value. The convertible notes are recorded at amortized cost of $500.9 million and $486.6 million as of March 27, 2021 and June 27, 2020, respectively and the fair value of the convertible notes was approximately $978.1 and $542.5 million as of March 27, 2021 and June 27, 2020, respectively, based on the last trading price of the convertible notes for the periods presented.

Inventories

Inventories	9 Months Ended
	Mar. 27, 2021
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value and consisted of the following (in millions): March June 2021 2020 Raw materials and work-in-progress $ 43.3 $ 53.6 Finished goods 26.0 48.4 $ 69.3 $ 102.0 We record a write-down, if necessary, to reduce the carrying value of inventory to its net realizable value. The effect of these write-downs is to establish a new cost basis in the related inventory, which we do not subsequently write up. We also record a liability and charge to cost of revenue for estimated losses on inventory we are obligated to purchase from our contract manufacturers when such losses become probable from customer delays, order cancellations, or other factors.

Acquisitions, Divestiture and I

Acquisitions, Divestiture and Investment	9 Months Ended
	Mar. 27, 2021
Business Combinations [Abstract]
Acquisitions, Divestiture and Investment	6 . Acquisitions, Divestiture and Investment Acquisitions DisplayLink On July 17, 2020, we entered into a definitive agreement to acquire 100% of equity interest in DisplayLink Corporation, or DisplayLink, a leader in high-performance video compression technology, for $305 million in cash adjusted for (i) estimated cash and cash equivalents and short-term investments at the closing (ii) estimated indebtedness outstanding immediately prior to the closing, (iii) unpaid portion as of the closing of certain transaction expenses incurred by DisplayLink, and (iv) the amount that the estimated working capital of DisplayLink exceeds or falls short, respectively, of a certain specified target working capital set forth in an Agreement and Plan of Merger, or the Merger Agreement, with $3.1 million of the purchase price held in escrow accounts for adjustments after closing and to secure the Seller Parties’ indemnification obligations under the Merger Agreement. The acquisition closed on July 31, 2020, or the DisplayLink Closing Date, whereupon we obtained high-performance video compression technology which will further enhance our current IoT business. This acquisition has been accounted for using the purchase method of accounting in accordance with the business acquisition guidance. Under the purchase accounting method, the total estimated purchase consideration of the acquisition was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their relative fair values. The excess of the purchase Our estimate of the fair values of the acquired intangible assets at March 27, 2021, is preliminary and has been 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 preliminary amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the DisplayLink Closing Date (in millions): Cash and cash equivalents $ 40.9 Short-term investments 94.0 Accounts receivable, net 7.1 Inventory 33.1 Prepaid expenses and other current assets 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 (31.8 ) Total liabilities (66.0 ) Net identifiable assets acquired 338.6 Goodwill 105.4 Net assets acquired $ 444.0 During the nine months ended March 27, 2021, the Company recorded measurement period adjustments of $1.9 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 $0.4 million in other long-term liabilities for a net increase of $2.7 million to the fair value of other acquired net tangible assets. The following table summarizes the preliminary 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 early fiscal 2023. The value of goodwill reflects the anticipated synergies of the combined operations and workforce of DisplayLink as of the DisplayLink Closing Date. As of March 27, 2021, none of the goodwill is expected to be deductible for income tax purposes. Prior to the DisplayLink acquisition, we did not have an existing relationship or transactions with DisplayLink. The condensed consolidated financial statements include approximately $78.9 million of revenue from DisplayLink DisplayLink 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 The following unaudited pro forma financial information (in millions, except per share data) presents the combined results of operations for us and DisplayLink as if the DisplayLink acquisition had occurred on June 30, 2019. The unaudited pro forma financial information has been prepared for comparative purposes only and does not purport to be indicative of the actual operating results that would have been recorded had the DisplayLink acquisition actually taken place on June 30, 2019 and should not be taken as indicative of future consolidated operating results. Additionally, the unaudited pro forma financial results do not include any anticipated synergies or other expected benefits from the DisplayLink acquisition. Three Months Ended Nine Months Ended March March 2021 (1) 2020 2021 (1) 2020 Revenue $ 325.8 $ 359.1 $ 1,019.1 $ 1,138.2 Net income/(loss) 20.9 3.2 61.5 (1.0 ) (1) Includes results of Broadcom Wireless Connectivity Business Pro forma adjustments used to arrive at pro forma net income/(loss) included adjustments for historical amortization expense, the addition of intangible amortization expense for the value of intangibles under the purchase price allocation, transaction costs and restructuring costs. The total pro forma adjustments for the three months ended March 27, 2021 and March 28, 2020 were an increase to net income/(loss) of $7.1 million and a decrease of $9.4 million, respectively. The total pro forma adjustments for the nine months ended March 27, 2021 and March 28, 2020 were an increase to net income/(loss) of $7.3 million and a decrease of $25.7 million, respectively. Broadcom Wireless Connectivity Business On July 2, 2020, we entered into definitive agreements with Broadcom to acquire certain assets and assume certain liabilities of, and obtain non-exclusive licenses relating to, Broadcom’s existing Wi-Fi, Bluetooth and GPS/GNSS products and business in the IoT market, or Broadcom Business Acquisition, for an aggregate consideration of $250 million in cash which closed on July 23, 2020, or the Broadcom Business Acquisition Closing Date. We also entered into certain transition agreements with Broadcom for a period of three years. We acquired these assets and assumed certain liabilities from Broadcom in order to obtain wireless connectivity technology which will enhance our current IoT business. The acquisition has been accounted for using the purchase method of accounting in accordance with the business acquisition guidance. Under the purchase accounting method, the total estimated purchase consideration of the acquisition was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their relative fair values. The excess of the purchase consideration over the net tangible and identifiable intangible assets acquired and liabilities has been recorded as goodwill. Our estimate of the fair values of the acquired intangible assets at the Broadcom Business Acquisition Closing Date is preliminary and 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, accounted for it separate from the business combination, and included $10.0 million in prepaid expenses and other current assets and $15.0 million ($8.3 million after amortization as of March 27, 2021) in non-current other assets in our condensed consolidated balance sheets. The estimated value of the development services is amortizing over the period of time estimated to complete the development or approximately thirty months. The amortization of the estimated cost of development is included in research and development in our condensed consolidated statements of comprehensive income. In addition, under the terms of the asset purchase agreement we provided replacement equity compensation awards to the transferred employees and Broadcom agreed to make cash payments to transferred employees as incentive to accept employment offers from our company. We determined $3.5 million of value related to these arrangements should be included as consideration transferred, which was partially offset by $2.0 million of cash payments to transferred employees as a reduction of consideration transferred. The following table summarizes the amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the Broadcom Business Acquisition Closing Date (in millions): Property and equipment $ 1.0 Acquired intangible assets 123.0 Total identifiable assets acquired 124.0 Liabilities assumed (0.2 ) Goodwill 102.8 Net assets acquired $ 226.6 We estimated the fair value of the identified intangible assets using a discounted cash flow model for each of the underlying identified intangible assets. These fair value measurements were based on significant inputs not observable in the market and thus represent a Level 3 measurement. Key assumptions include the level and timing of expected future cash flows, conditions and demands specific to each intangible asset over its remaining useful life, and discount rates we believe to be consistent with the inherent risks associated with each type of asset, which is 2.2% for order backlog and 13.0% for the rest of the intangible assets. The fair value of these intangible assets is primarily affected by the projected revenue, gross margins, operating expenses, the technology migration curve, customer ramp up period and the anticipated timing of the projected income associated with each intangible asset coupled with the discount rates used to derive their estimated present values. We believe the level and timing of expected future cash flows appropriately reflects market participant assumptions. The following table summarizes the preliminary estimate of the intangible assets as of the Broadcom Business Acquisition Closing Date Estimated Weighted Average Useful Lives in Years Estimated Fair Value Developed technology 6.0 $ 93.0 Customer contracts and related relationships 6.0 18.0 Order backlog 0.5 12.0 Estimated fair value of acquired intangibles $ 123.0 The value of goodwill reflects the anticipated synergies of the combined operations and workforce of the transferred Broadcom Business assets as of the Broadcom Business Acquisition Closing Date. As of March 27, 2021, all of the goodwill is expected to be deductible for income tax purposes. Prior to the Broadcom Business Acquisition, we did not have an existing relationship or transactions with Broadcom. The condensed consolidated financial statements include approximately $63.8 million of revenue from the Broadcom Business Acquisition from the Broadcom Business Acquisition Closing Date through March 27, 2021. It is impracticable to determine the effect on net income attributable to the as we had integrated a substantial portion of the into our ongoing operations at the close We determined it is impractical to include pro forma information given the difficulty in obtaining the historical financial information for the Broadcom Business Acquisition as the business was part of Broadcom and did not have discrete financial information prior to the acquisition. Inclusion of such information would require us to make estimates and assumptions regarding the acquired business historical financial results that we believe may ultimately prove inaccurate. 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. Investment In December 2020, we invested $5.0 million in Eta Compute in exchange for preferred stock. This investment provides us with a partnership which enables us to better address expanded industry opportunities for artificial intelligence applications. The investment is accounted for under the cost method.

Acquired Intangibles and Goodwi

Acquired Intangibles and Goodwill	9 Months Ended
	Mar. 27, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Acquired Intangibles and Goodwill	7. Acquired Intangibles and Goodwill Acquired Intangibles The following table summarizes the life, the gross carrying value and the related accumulated amortization of our acquired intangible assets (in millions): March 2021 June 2020 Weighted Average Life in Years Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Audio and video technology 5.4 $ 138.6 $ (92.7 ) $ 45.9 $ 138.6 $ (76.5 ) $ 62.1 Customer relationships 4.2 125.5 (55.7 ) 69.8 81.8 (61.4 ) 20.4 Wireless connectivity technology 6.0 93.0 (10.3 ) 82.7 $ - $ - $ - Video interface technology 3.0 82.0 (18.2 ) 63.8 $ - $ - $ - Display driver technology 7.0 20.4 (16.8 ) 3.6 164.0 (158.2 ) 5.8 Backlog 0.5 12.0 (12.0 ) - $ - $ - $ - Licensed technology and other 4.1 13.0 (7.5 ) 5.5 7.70 (5.5 ) 2.2 Patents 8.0 4.4 (3.0 ) 1.4 4.4 (2.6 ) 1.8 Tradename 5.1 4.8 (1.4 ) 3.4 1.8 (0.7 ) 1.1 In process research and development N/A 51.0 $ - 51.0 $ - $ - $ - Acquired intangibles totals 5.1 $ 544.7 $ (217.6 ) $ 327.1 $ 398.3 $ (304.9 ) $ 93.4 The total amortization expense for the acquired intangible assets was $27.5 million and $11.1 million for the three months ended March 27, 2021 and March 28, 2020, respectively, and $84.5 million and $40.4 million for the nine months ended March 27, 2021 and March 28, 2020 , respectively . During the three months ended March 27, 2021 and March 28, 2020 , $ million and $ mil lion, respectively, and $ 60.5 million and $ 31.6 million for the nine months ended March 27, 2021 and March 28, 2020 , respectively, of amortization expense was included in our condensed consolidated statements of comprehensive income in cost of revenue; the remainder was included in acquired intangibles amortization. The following table presents expected annual fiscal year aggregate amortization expense as of March 27, 2021 (in millions): Remainder of 2021 $ 25.6 2022 99.0 2023 86.1 2024 25.9 2025 19.0 Thereafter 20.5 To be determined 51.0 Future amortization $ 327.1 Goodwill Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired. Changes in our goodwill balance for the nine months ended March 27, 2021 were as follows (in millions): Beginning balance $ 360.8 Acquisition activity 208.2 Ending balance $ 569.0

Leases

Leases	9 Months Ended
	Mar. 27, 2021
Leases [Abstract]
Leases	8. Leases Our leases mainly include our worldwide office and research and development facilities which are all classified as operating leases. Certain leases include renewal options that are under our discretion. The leases expire at various dates through fiscal year 2029, some of which include options to extend the lease for up to 5 years. For the nine months ended March 27, 2021, we recorded approximately $7.5 million of operating leases expense. Our short-term leases are immaterial and we do not have finance leases. As of March 27, 2021, the components of leases and lease costs are as follows (in millions): March June 2021 2020 Operating lease right-of-use assets $ 35.1 $ 21.0 Operating lease liabilities $ 9.7 $ 6.5 Operating lease liabilities, long-term 26.9 14.6 Total operating lease liabilities $ 36.6 $ 21.1 Supplemental cash flow information related to leases is as follows (in millions): Nine Months Ended March 2021 2020 Cash paid for operating leases included in operating cash flows $ 7.3 $ 7.1 Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets 21.7 2.8 As of March 27, 2021, the weighted average remaining lease term is 6.2 years, and the weighted average discount rate is 4.0%. Future minimum lease payments for the operating lease liabilities are as follows (in millions): Operating Lease Fiscal Year Payments Remainder of 2021 $ 2.7 2022 10.1 2023 6.3 2024 4.8 2025 4.0 Thereafter 13.4 Total future minimum operating lease payments 41.3 Less: interest (4.7 ) Total lease liabilities $ 36.6

Other Accrued Liabilities and O

Other Accrued Liabilities and Other Long-Term Liabilities	9 Months Ended
	Mar. 27, 2021
Payables And Accruals [Abstract]
Other Accrued Liabilities and Other Long-Term Liabilities	9. Other Accrued Liabilities and Other Long-Term Liabilities Other accrued liabilities consisted of the following (in millions): March June 2021 2020 Customer obligations $ 38.6 $ 29.0 Inventory obligations 22.1 27.9 Operating lease liabilities 9.7 6.5 Other 20.3 27.6 $ 90.7 $ 91.0 Other long-term liabilities consisted of the following (in millions): March June 2021 2020 Operating lease liabilities, long-term $ 26.9 $ 14.6 Deferred tax liability 20.9 — Income taxes payable, long-term 16.6 16.4 Other 12.6 13.0 $ 77.0 $ 44.0

Indemnifications and Contingenc

Indemnifications and Contingencies	9 Months Ended
	Mar. 27, 2021
Commitments And Contingencies Disclosure [Abstract]
Indemnifications and Contingencies	10. Indemnifications and Contingencies Indemnifications In connection with certain agreements, we are obligated to indemnify the counterparty against third party claims alleging infringement of certain intellectual property rights by us. We have also entered into indemnification agreements with our officers and directors. Maximum potential future payments under these agreements cannot be estimated because these agreements generally do not have a maximum stated liability. However, historical costs related to these indemnification provisions have not been significant. We have not recorded any liability in our condensed consolidated financial statements for such indemnification obligations. Contingencies We have in the past, and may in the future, receive notices from third parties that claim our products infringe their intellectual property rights. We cannot be certain that our technologies and products do not and will not infringe issued patents or other proprietary rights of third parties. Any infringement claims, with or without merit, could result in significant litigation costs and diversion of management and financial resources, including the payment of damages, which could have a material adverse effect on our business, financial condition, and results of operations.

Debt

Debt	9 Months Ended
	Mar. 27, 2021
Debt Disclosure [Abstract]
Debt	11. 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 Indenture, by and among our company, the guarantors named therein and Wells Fargo Bank, National Association, as trustee. The Indenture provides that the Senior Notes will bear interest at a rate of 4.000% 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 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 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 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 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 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 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 Convertible Debt Our convertible debt consists of an original $525 million aggregate principal amount of 0.50% convertible senior notes due 2022, or the Convertible Notes, which were issued in a private placement transaction. The net proceeds from the Convertible Notes, after deducting discounts, were $514.5 million. The Convertible Notes bear interest at a rate of 0.50% per year, which is payable semi-annually in arrears, on June 15 and December 15 of each year. The Convertible Notes are senior unsecured obligations and rank senior in right of payment to any of our indebtedness that is expressly subordinated in right of payment to the Convertible Notes; equal in right of payment to any our liabilities that are not so subordinated; effectively junior in right of payment to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) of our subsidiaries. The Convertible Notes mature on June 15, 2022, or the Maturity Date, unless earlier repurchased, redeemed or converted. Holders may convert all or any portion of their Convertible Notes, in multiples of $1,000 principal amounts, at their option at any time prior to the close of business on the business day immediately preceding March 15, 2022 under certain defined circumstances, including (1) if the last reported sale price of our common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter (the Sales Price Condition) or (2) during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such trading day (the Trading Price Condition). The Sales Price Condition was met on March 31, 2021, and became effective April 1, 2021. Holders of our Convertible Notes have the right to redeem their notes during the calendar quarter ending June 30, 2021. Generally, settlement will occur two trading days following the 40 consecutive trading day observation period or approximately two months after receipt of the holder’s conversion notice. On or after March 15, 2022 until the close of business on the business day immediately preceding the Maturity Date, holders may convert all or any portion of their Convertible Notes, in multiples of $1,000 principal amounts, at the option of the holder. Upon conversion, we will pay or deliver, at our election, shares of common stock, cash, or a combination of cash and shares of common stock. The conversion rate for the Convertible Notes is initially 13.6947 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $73.02 per share of common stock). The conversion rate is subject to adjustment in certain circumstances. Upon the occurrence of a fundamental change (as defined in the Convertible Notes indenture), holders of the Convertible Notes may require us to repurchase for cash all or a portion of their Convertible Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest up to, but excluding, the fundamental change repurchase date. Commencing June 20, 2020, we may redeem for cash all or any portion of the Convertible Notes, at our option, if the last reported sale price of our common stock, as determined by us, has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest up to, but excluding, the redemption date. Our policy is to settle the principal amount of our Convertible Notes with cash upon conversion or redemption. As of the issuance date of the Convertible Notes, we recorded $82.1 million of the principal amount to equity, representing the debt discount for the difference between our estimated nonconvertible debt borrowing rate of 4.39% and the coupon rate of the Convertible Notes of 0.50% using a five-year The contractual interest expense and amortization of the discount on the Convertible Notes for the nine months ended March 27, 2021, were as follows (in millions): Nine Months Ended March 2021 Interest expense $ 2.0 Amortization of discount and debt issuance costs 14.3 Total interest $ 16.3 The unamortized amounts of the debt issuance costs and discount associated with the Convertible Notes as of March 27, 2021 were $2.4 million and $21.6 million, respectively. 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 March 27, 2021, there was no balance outstanding under the revolving credit facility. The weighted average annualized interest rate on these borrowings for the three months ended March 27, 2021 was 2.5%. 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 2021. Under our credit facility, when the LIBOR index is discontinued, we will switch to a comparable or successor rate as selected by us and the administrative agent, which may include the Secured Overnight Financing Rate, or SOFR. Under the Credit Agreement, there are various restrictive covenants, including 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 the 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 March 27, 2021, we remain in compliance with the restrictive covenants.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Mar. 27, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	12. Share-Based Compensation Share-based compensation and the related tax benefit recognized in our condensed consolidated statements of income were as follows (in millions): Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 Cost of revenue $ 0.8 $ 0.8 $ 2.6 $ 2.1 Research and development 12.9 9.0 33.4 24.6 Selling, general, and administrative 11.4 8.1 34.0 17.5 Total $ 25.1 $ 17.9 $ 70.0 $ 44.2 Income tax benefit on share-based compensation $ (2.5 ) $ (1.8 ) $ (11.5 ) $ (4.5 ) 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 Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 Cost of revenue $ 0.1 $ 0.1 $ 0.3 $ 0.2 Research and development 7.2 3.3 16.4 5.8 Selling, general, and administrative 1.5 0.7 3.5 1.1 Total $ 8.8 $ 4.1 $ 20.2 $ 7.1 Historically, we have issued new shares in connection with our equity-settled share-based compensation plans, however, treasury shares are also available for issuance. Any additional shares repurchased under our common stock repurchase program will be available for issuance under our share-based compensation plans. Share-Based Compensation Plans On October 29, 2019, our stockholders approved: (i) The 2019 Incentive Plan authorizes our Board of Directors to provide equity-based compensation in the form of stock options, stock appreciation rights, restricted stock, RSUs, cash incentive awards, performance shares, PSUs, and other stock-based awards. The cumulative number of shares approved by stockholders under the 2019 Incentive Plan was 2,590,000 as of October 27, 2020. The 2019 ESPP authorizes the Company to provide eligible employees with an opportunity to acquire an equity interest in the Company through the purchase of stock at a discount, with an initial authorization of 1,500,000 shares. Effective August 19, 2019, we adopted the 2019 Inducement Equity Plan. 650,000 shares of our common stock have been reserved for issuance under the 2019 Inducement Equity Plan , subject to adjustment for stock dividends, stock splits, or other changes in our common stock or capital structure . The 2019 Inducement Equity Plan is intended to comply with Rule 5635(c)(4) of the Nasdaq Stock Market Listing Rules, which provide an exception to the Nasdaq Stock Market Listing Rules’ on the shareholder approval requirement for the issuance of securities with regards to grants to employees of the Company or its subsidiaries as an inducement material to such individuals entering into employment with the Company or its subsidiaries. An individual 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 C ompany (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 C ompany . 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. Stock Options Stock option activity was as follows: Stock Weighted Aggregate Option Average Intrinsic Awards Exercise Value Outstanding Price (in millions) Outstanding as of June 2020 329,786 $ 69.78 Exercised (209,767 ) 68.73 Expired (53,561 ) 75.48 Outstanding and Exercisable as of March 2021 66,458 68.50 $ 4.5 The aggregate intrinsic value was determined using the closing price of our common stock on March 26, 2021 of $136.91. Restricted Stock Units RSU activity was as follows: Aggregate RSU Intrinsic Awards Value Outstanding (in millions) Balance as of June 2020 1,360,324 Granted 782,450 Delivered (555,976 ) Forfeited (206,972 ) Balance as of March 2021 1,379,826 $ 188.9 The aggregate intrinsic value was determined using the closing price of our common stock on March 26, 2021 of $136.91. 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 RSU award. Of the shares delivered, 338,428 shares valued at $26.9 million were withheld to meet statutory tax withholding requirements. Market Stock Units Our 2019 Incentive Plan and our 2010 Incentive Plan provide for the grant of MSU awards to our employees, consultants, and directors, and our 2019 Inducement Equity Plan provides for the grant of MSU awards to certain of our employees. An MSU is a promise to deliver shares of our common stock at a future date based on the achievement of market-based performance requirements in accordance with the terms of the MSU grant agreement. We have granted MSU awards to our executive officers and other management members under our 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 one-fourth one-year two-year three-year four-year For MSU awards granted in fiscal 2021, performance is measured based on our achievement of a specified level of total stockholder return, or TSR, relative to the TSRs of each company in the Russell 2000 Index. The potential payout ranges from 0% to 200% of the target grant quantity based on our TSR performance relative to the TSRs of each company in the Russell 2000 Index. No payout will occur if our TSR performance falls below the 25 th th th th th For MSU awards granted in fiscal 2021, the first tranche and the second tranche can payout up to 200%, and the payout for the third tranche will be calculated based on the total target quantity for the entire grant multiplied by the payout factor, based on performance for the three-year performance period, less shares issued for the first tranche and the second tranche. For outstanding MSU awards granted prior to fiscal 2021, performance is measured based on our achievement of a specified level of TSR relative to the TSR of the S&P Semiconductor Select Industry Index, or SPSISC Index. The potential payout ranges from 0% to 200% of the target grant quantity and is adjusted on a two 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 was as follows: Aggregate MSU Intrinsic Awards Value Outstanding (in millions) Balance as of June 2020 391,532 Granted 101,009 Performance adjustment 77,534 Delivered (208,275 ) Forfeited (14,773 ) Balance as of March 2021 347,027 $ 47.5 The aggregate intrinsic value was determined using the closing price of our common stock on March 26, 2021 of $136.91. We value MSUs using the Monte Carlo simulation model on the date of grant and amortize the compensation expense over the three- or four-year performance and service period on a ratable basis. The unrecognized share-based compensation cost of our outstanding MSUs was approximately $20.2 million as of March 27, 2021, which will be recognized over a weighted average period of approximately 1.3 years. Performance Stock Units Our 2019 Incentive Plan, our 2010 Incentive Plan and our 2019 Inducement Equity Plan provide for the grant of PSU awards to our employees, consultants, and directors. A PSU is a promise to deliver shares of our common stock at a future date based on the achievement of performance-based requirements in accordance with the terms of the PSU grant agreement. We have granted PSUs to our executive officers and other management members under our 2010 Incentive Plan, our 2019 Incentive Plan and our 2019 Inducement Equity Plan, which are designed to vest in three tranches with the target quantity for each tranche equal to one-third 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 was as follows: Aggregate PSU Intrinsic Awards Value Outstanding (in millions) Balance as of June 2020 333,848 Awarded 174,231 Performance adjustment 84,111 Released (201,835 ) Forfeited (64,344 ) Balance as of March 2021 326,011 $ 44.6 The aggregate intrinsic value was determined using the closing price of our common stock on March 26, 2021 of $136.91. We value PSUs using the aggregate intrinsic value on the date of grant adjusted for estimated performance achievement during the performance period and amortize the compensation expense over the three-year 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 $135.33 per unit at March 27, 2021 and our accrued liability for such units was $11.6 million. Phantom stock activity was as follows: Phantom Stock Units Outstanding Balance as of June 2020 789,113 Released (242,692 ) Forfeited (121,941 ) Balance as of March 2021 424,480 The unrecognized share-based compensation cost of our outstanding phantom stock units was approximately $45.9 million as of March 27, 2021, which will be recognized over a weighted average period of approximately 1.6 years. Employee Stock Purchase Plan Shares purchased, weighted average purchase price, cash received, and the aggregate intrinsic value for employee stock purchase plan purchases during the nine months ended March 27, 2021 were as follows (in millions, except for shares purchased and weighted average price): Shares purchased 220,389 Weighted average purchase price $ 57.00 Cash received $ 12.6 Aggregate intrinsic value $ 10.3

Income Taxes

Income Taxes	9 Months Ended
	Mar. 27, 2021
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes On March 27, 2020, the Coronavirus Aid, Relief and Economic Security, or CARES, Act was enacted and signed into law. The CARES Act did not have a material impact on the income tax provision for the nine months ended March 27, 2021. We account for income taxes under the asset and liability method. The provision for income taxes recorded in interim periods is based on our estimate of the annual effective tax rate applied to year-to-date income before provision for income taxes, adjusted for discrete items required to be recognized in the period in which they are incurred. In each quarter, we update our estimate of the annual effective tax rate, and if the estimated annual tax rate changes, we make a cumulative adjustment in that quarter. Our quarterly tax provision and our quarterly estimate of the annual effective tax rate can be subject to volatility due to several factors, including our ability to accurately forecast annual income before provision for income taxes in each of the tax jurisdictions in which we operate. The provision for income taxes of $10.4 million and $10.2 million for the three months ended March 27, 2021 and March 28, 2020, respectively, represented estimated federal, foreign, and state income taxes. The effective tax rate for the three months ended March 27, 2021 diverged from the combined U.S. federal and state statutory tax rate primarily because of foreign withholding taxes, non-deductible officer compensation, non-deductible stock-based compensation, and global intangible low-taxed income, or GILTI, partially offset by the benefit of income taxed at lower rates, research credits and foreign tax credits. The effective tax rate for the three months ended March 28, 2020, diverged from the combined U.S. federal and state statutory tax rate, primarily because of The provision for income taxes of $16.4 million and $17.3 million for the nine months ended March 27, 2021 and March 28, 2020, respectively, represented estimated federal, foreign, and state income taxes. The effective tax rate for the nine months ended March 27, 2021 diverged from the combined U.S. federal and state statutory tax rate primarily because of foreign withholding taxes, non-deductible officer compensation, the impact of accounting for qualified stock options and GILTI partially offset by the benefit of income taxed at lower rates, research credits and foreign tax credits. The effective tax rate for the nine months ended March 28, 2020, diverged from the combined U.S. federal and state statutory tax rate, primarily because of foreign withholding taxes, income taxed at higher tax rates, the impact of accounting for qualified stock options and GILTI, partially offset by the benefit of research credits and foreign tax credits. The total liability for gross unrecognized tax benefits related to uncertain tax positions increased $0.8 million during the nine months ended March 27, 2021, at $22.9 million, and was included in other long-term liabilities on our condensed consolidated balance sheets. If recognized, the total gross unrecognized tax benefits would reduce the effective tax rate on income from continuing operations. Accrued interest and penalties related to unrecognized tax benefits as of March 27, 2021 were $1.7 million; this balance decreased by $0.2 million compared to June 27, 2020, largely due to the expiration of the relevant statute of limitations. We classify interest and penalties as components of income tax expense. It is reasonably possible that the amount of the liability for unrecognized tax benefits may change within the next twelve months and an estimate of the range of possible changes includes an increase in our liability of up to $3.1 million. Any prospective adjustments to our unrecognized tax benefits will be recorded as an increase or decrease to income tax expense and cause a corresponding change to our effective tax rate. Accordingly, our effective tax rate could fluctuate materially from period to period. Our major tax jurisdictions are the United States, Hong Kong SAR, Japan and the United Kingdom. From fiscal 2014 onward, we remain subject to examination by one or more of these jurisdictions.

Segment, Customers, and Geograp

Segment, Customers, and Geographic Information	9 Months Ended
	Mar. 27, 2021
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 Internet of Things, or IoT, product market, the personal computing, or PC, product market, and the Mobile product market. We sell our products to original equipment manufacturers, or OEMs, and to contract manufacturers that provide manufacturing services to OEMs. Net revenue within geographic areas based on our customers’ locations for the periods presented was as follows (in millions): Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 China $ 130.9 $ 122.1 $ 406.2 $ 437.1 Taiwan 101.5 42.3 268.1 164.0 Japan 67.5 128.1 258.9 340.8 Other 16.7 21.1 54.7 58.1 South Korea 8.5 13.1 20.0 51.0 United States 0.7 1.4 3.9 5.3 $ 325.8 $ 328.1 $ 1,011.8 $ 1,056.3 Net revenue from our customers for each group of similar products was as follows (in millions): Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 IoT product applications $ 146.0 $ 72.6 $ 415.5 $ 249.4 PC product applications 98.4 78.9 270.4 228.3 Mobile product applications 81.4 176.6 325.9 578.6 $ 325.8 $ 328.1 $ 1,011.8 $ 1,056.3 Net revenue from major customers as a percentage of total net revenue for the periods presented was as follows: Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 Customer A 13% * 12% * Customer B 11% 13% 11% 12% Customer C * 21% 16% 17% ____________________ * We extend credit based on evaluation of a customer’s financial condition, and we generally do not require collateral. Major customer accounts receivable as a percentage of total accounts receivable were as follows: March June 2021 2020 Customer A 15% 18% Customer B 12% * Customer C * 21%

Comprehensive Income

Comprehensive Income	9 Months Ended
	Mar. 27, 2021
Equity [Abstract]
Comprehensive Income	15. Comprehensive Income Our comprehensive income generally consists of net income. We recognize foreign currency remeasurement adjustments and foreign currency transaction gains and losses in our condensed consolidated statements of income as the U.S. dollar is the functional currency of our foreign entities.

Restructuring Activities

Restructuring Activities	9 Months Ended
	Mar. 27, 2021
Restructuring And Related Activities [Abstract]
Restructuring Activities	16. Restructuring Activities During the first quarter and third quarter of fiscal 2021, we initiated restructuring activities, which included severance costs for activities intended to gain synergies from our recent acquisitions. The restructuring costs related to these activities were recorded to the restructuring costs line item within our condensed consolidated statements of comprehensive income and are expected to be complete by the end of fiscal 2021. The restructuring liability activity for these restructuring activities during fiscal 2021 was as follows (in millions): Employee Severance and Benefits Accruals $ 5.1 Cash payments (4.6 ) Balance as of March 2021 $ 0.5 During fiscal 2020, we initiated restructuring activities, some of which included severance costs which were for activities intended to further improve efficiencies in our operational activities to align our cost structure consistent with our revenue levels and severance costs related to employees who transitioned with the sale of our assets of our TDDI product line for LCD mobile displays. The restructuring costs related to these activities were recorded to the restructuring costs line item within our condensed consolidated statements of comprehensive income. Some of the activities relating to these restructurings are complete as of June 27, 2020. The remaining activities are expected to be complete by the end of fiscal 2021. The restructuring liability activity for these restructuring activities during fiscal 2021 was as follows (in millions): Employee Severance and Benefits Balance as of June 2020 $ 6.1 Accruals 2.0 Cash payments (7.6 ) Balance as of March 2021 $ 0.5

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 27, 2021
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events Effective April 1, 2021, the Sales Price Condition of our Convertible Notes had been met at the end of the preceding calendar quarter and holders of our notes became entitled to redeem their notes in accordance with the terms of the Indenture during the calendar quarter ending June 30, 2021. As of May 3, 2021, $19.4 million principal amount of our Convertible Notes had been submitted for conversion, which is expected to occur during our fiscal fourth quarter through a combination of cash and common stock.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 27, 2021
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue, expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, allowance for doubtful accounts, cost of revenue, inventories, loss on purchase commitments, product warranty, accrued liabilities, share-based compensation costs, provision for income taxes, deferred income tax asset valuation allowances, uncertain tax positions, goodwill, intangible assets, investments and loss contingencies. We base our estimates on historical experience, applicable laws and regulations, and various other assumptions that we believe to be reasonable under the circumstances, including our expectations regarding the potential impacts on our business of the COVID-19 pandemic, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
Cash Equivalents	Cash Equivalents Cash equivalents consist of highly liquid investments with original maturities of three months or less. Our cash equivalents as of March 27, 2021 included bank deposits with a carrying value of $350.9 million, which approximates fair value, and as of June 27, 2020 they included money market accounts with a carrying value of $521.1 million, which approximates fair value, and are included in cash and cash equivalents on the condensed consolidated balance sheets.
Foreign Currency Transactions and Foreign Exchange Contracts	Foreign Currency Transactions and Foreign Exchange Contracts The U.S. dollar is our functional and reporting currency. We remeasure our monetary assets and liabilities not denominated in the functional currency into U.S. dollar equivalents at the rate of exchange in effect on the balance sheet date. We measure and record non-monetary balance sheet accounts at the historical rate in effect at the date of transaction. We remeasure foreign currency expenses at the weighted average exchange rate in the month that the transaction occurred. Our foreign currency transactions and remeasurement gains and losses are included in selling, general, and administrative expenses in the condensed consolidated statements of income and resulted in net losses of $0.3 million and $1.4 million in the three and nine months ended March 27, 2021, respectively, and net losses of $0.1 million and less than $0.1 million in the three and nine months ended March 28, 2020, respectively.
Leases	Leases We determine if a contract is a lease or contains a lease at the inception of the contract and reassess that conclusion if the contract is modified. All leases are assessed for classification as an operating lease or a finance lease. Operating lease right-of-use, or ROU, assets are included in non-current other assets on our condensed consolidated balance sheet. Operating lease liabilities are separated into a current portion, included within accrued liabilities on our condensed consolidated balance sheet, and a non-current portion, included within other long-term liabilities on our condensed consolidated balance sheet. We do not have any finance lease ROU assets or liabilities. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. We do not obtain and control the right to use the identified asset until the lease commencement date. Our lease liabilities are recognized at the applicable lease commencement date based on the present value of the lease payments required to be paid over the lease term. Because the interest rate implicit in the lease is not readily determinable, we generally use our incremental borrowing rate to discount the lease payments to present value. The estimated incremental borrowing rate is derived from information available at the lease commencement date. We factor in publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates. Our ROU assets are also recognized at the applicable lease commencement date. The ROU asset equals the carrying amount of the related lease liability, adjusted for any lease payments made prior to lease commencement and lease incentives provided by the lessor. Variable lease payments are expensed as incurred and do not factor into the measurement of the applicable ROU asset or lease liability. The term of our leases equals the non-cancellable period of the lease, including any rent-free periods provided by the lessor, and also include options to renew or extend the lease (including by not terminating the lease) that we are reasonably certain to exercise. We establish the term of each lease at lease commencement and reassess that term in subsequent periods when one of the triggering events outlined in ASC Topic 842 occurs. Operating lease cost for lease payments is recognized on a straight-line basis over the lease term. Our lease contracts often include lease and non-lease components. For our leases, we have elected the practical expedient offered by the standard to not separate lease from non-lease components and account for them as a single lease component. We have elected, for all classes of underlying assets, not to recognize ROU assets and lease liabilities for leases with a term of twelve months or less. Lease cost for short-term leases is recognized on a straight-line basis over the lease term.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Mar. 27, 2021
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	The computation of basic and diluted net income per share was as follows (in millions, except per share data): Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 Numerator: Net income $ 13.8 $ 5.0 $ 60.6 $ 28.8 Denominator: Shares, basic 35.0 34.0 34.7 33.5 Effect of dilutive share-based awards and convertible notes 4.1 1.0 2.8 1.0 Shares, diluted 39.1 35.0 37.5 34.5 Net income per share: Basic $ 0.39 $ 0.15 $ 1.75 $ 0.86 Diluted $ 0.35 $ 0.14 $ 1.62 $ 0.83

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Mar. 27, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value and consisted of the following (in millions): March June 2021 2020 Raw materials and work-in-progress $ 43.3 $ 53.6 Finished goods 26.0 48.4 $ 69.3 $ 102.0

Acquisitions, Divestiture and_2

Acquisitions, Divestiture and Investment (Tables)	9 Months Ended
	Mar. 27, 2021
Business Acquisition [Line Items]
Summary of Estimated Fair Value of Intangible Assets	The following table summarizes the preliminary estimate of the intangible assets as of the Broadcom Business Acquisition Closing Date 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
Display Link Corporation [Member]
Business Acquisition [Line Items]
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the DisplayLink Closing Date (in millions): Cash and cash equivalents $ 40.9 Short-term investments 94.0 Accounts receivable, net 7.1 Inventory 33.1 Prepaid expenses and other current assets 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 (31.8 ) Total liabilities (66.0 ) Net identifiable assets acquired 338.6 Goodwill 105.4 Net assets acquired $ 444.0
Summary of Estimated Fair Value of Intangible Assets	The following table summarizes the preliminary 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 on June 30, 2019. The unaudited pro forma financial information has been prepared for comparative purposes only and does not purport to be indicative of the actual operating results that would have been recorded had the DisplayLink acquisition actually taken place on June 30, 2019 and should not be taken as indicative of future consolidated operating results. Additionally, the unaudited pro forma financial results do not include any anticipated synergies or other expected benefits from the DisplayLink acquisition. Three Months Ended Nine Months Ended March March 2021 (1) 2020 2021 (1) 2020 Revenue $ 325.8 $ 359.1 $ 1,019.1 $ 1,138.2 Net income/(loss) 20.9 3.2 61.5 (1.0 )
Summary of Pro Forma Adjustments Used to Arrive at Pro Forma Net Income/(Loss)	(1) Includes results of Broadcom Wireless Connectivity Business Pro forma adjustments used to arrive at pro forma net income/(loss) included adjustments for historical amortization expense, the addition of intangible amortization expense for the value of intangibles under the purchase price allocation, transaction costs and restructuring costs. The total pro forma adjustments for the three months ended March 27, 2021 and March 28, 2020 were an increase to net income/(loss) of $7.1 million and a decrease of $9.4 million, respectively. The total pro forma adjustments for the nine months ended March 27, 2021 and March 28, 2020 were an increase to net income/(loss) of $7.3 million and a decrease of $25.7 million, respectively.
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 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 We entered into a derivative and roadmap product agreement and an asset purchase agreement with Broadcom. The derivative and roadmap product agreement includes the purchase of derivative and roadmap product development services to be performed by Broadcom. We estimated the value of the development services to be approximately $25.0 million, accounted for it separate from the business combination, and included $10.0 million in prepaid expenses and other current assets and $15.0 million ($8.3 million after amortization as of March 27, 2021) in non-current other assets in our condensed consolidated balance sheets. The estimated value of the development services is amortizing over the period of time estimated to complete the development or approximately thirty months. The amortization of the estimated cost of development is included in research and development in our condensed consolidated statements of comprehensive income. 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.

Acquired Intangibles and Good_2

Acquired Intangibles and Goodwill (Tables)	9 Months Ended
	Mar. 27, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Life, Gross Carrying Value of Acquired Intangible Assets, and Related Accumulated Amortization	The following table summarizes the life, the gross carrying value and the related accumulated amortization of our acquired intangible assets (in millions): March 2021 June 2020 Weighted Average Life in Years Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Audio and video technology 5.4 $ 138.6 $ (92.7 ) $ 45.9 $ 138.6 $ (76.5 ) $ 62.1 Customer relationships 4.2 125.5 (55.7 ) 69.8 81.8 (61.4 ) 20.4 Wireless connectivity technology 6.0 93.0 (10.3 ) 82.7 $ - $ - $ - Video interface technology 3.0 82.0 (18.2 ) 63.8 $ - $ - $ - Display driver technology 7.0 20.4 (16.8 ) 3.6 164.0 (158.2 ) 5.8 Backlog 0.5 12.0 (12.0 ) - $ - $ - $ - Licensed technology and other 4.1 13.0 (7.5 ) 5.5 7.70 (5.5 ) 2.2 Patents 8.0 4.4 (3.0 ) 1.4 4.4 (2.6 ) 1.8 Tradename 5.1 4.8 (1.4 ) 3.4 1.8 (0.7 ) 1.1 In process research and development N/A 51.0 $ - 51.0 $ - $ - $ - Acquired intangibles totals 5.1 $ 544.7 $ (217.6 ) $ 327.1 $ 398.3 $ (304.9 ) $ 93.4
Schedule of Expected Annual Aggregate Amortization Expense	The following table presents expected annual fiscal year aggregate amortization expense as of March 27, 2021 (in millions): Remainder of 2021 $ 25.6 2022 99.0 2023 86.1 2024 25.9 2025 19.0 Thereafter 20.5 To be determined 51.0 Future amortization $ 327.1
Schedule of Changes in Goodwill	Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired. Changes in our goodwill balance for the nine months ended March 27, 2021 were as follows (in millions): Beginning balance $ 360.8 Acquisition activity 208.2 Ending balance $ 569.0

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 27, 2021
Leases [Abstract]
Schedule of Components of Leases and Lease Costs	As of March 27, 2021, the components of leases and lease costs are as follows (in millions): March June 2021 2020 Operating lease right-of-use assets $ 35.1 $ 21.0 Operating lease liabilities $ 9.7 $ 6.5 Operating lease liabilities, long-term 26.9 14.6 Total operating lease liabilities $ 36.6 $ 21.1
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases is as follows (in millions): Nine Months Ended March 2021 2020 Cash paid for operating leases included in operating cash flows $ 7.3 $ 7.1 Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets 21.7 2.8
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments for the operating lease liabilities are as follows (in millions): Operating Lease Fiscal Year Payments Remainder of 2021 $ 2.7 2022 10.1 2023 6.3 2024 4.8 2025 4.0 Thereafter 13.4 Total future minimum operating lease payments 41.3 Less: interest (4.7 ) Total lease liabilities $ 36.6

Other Accrued Liabilities and_2

Other Accrued Liabilities and Other Long-Term Liabilities (Tables)	9 Months Ended
	Mar. 27, 2021
Payables And Accruals [Abstract]
Other Accrued Liabilities	Other accrued liabilities consisted of the following (in millions): March June 2021 2020 Customer obligations $ 38.6 $ 29.0 Inventory obligations 22.1 27.9 Operating lease liabilities 9.7 6.5 Other 20.3 27.6 $ 90.7 $ 91.0
Other Long-Term Liabilities	Other long-term liabilities consisted of the following (in millions): March June 2021 2020 Operating lease liabilities, long-term $ 26.9 $ 14.6 Deferred tax liability 20.9 — Income taxes payable, long-term 16.6 16.4 Other 12.6 13.0 $ 77.0 $ 44.0

Debt (Tables)

Debt (Tables)	9 Months Ended
	Mar. 27, 2021
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 %
Schedule of Contractual Interest Expense and Amortization of Discount on Notes	The contractual interest expense and amortization of the discount on the Convertible Notes for the nine months ended March 27, 2021, were as follows (in millions): Nine Months Ended March 2021 Interest expense $ 2.0 Amortization of discount and debt issuance costs 14.3 Total interest $ 16.3

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Mar. 27, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations	Share-based compensation and the related tax benefit recognized in our condensed consolidated statements of income were as follows (in millions): Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 Cost of revenue $ 0.8 $ 0.8 $ 2.6 $ 2.1 Research and development 12.9 9.0 33.4 24.6 Selling, general, and administrative 11.4 8.1 34.0 17.5 Total $ 25.1 $ 17.9 $ 70.0 $ 44.2 Income tax benefit on share-based compensation $ (2.5 ) $ (1.8 ) $ (11.5 ) $ (4.5 )
Schedule of Stock Option Activity	Stock option activity was as follows: Stock Weighted Aggregate Option Average Intrinsic Awards Exercise Value Outstanding Price (in millions) Outstanding as of June 2020 329,786 $ 69.78 Exercised (209,767 ) 68.73 Expired (53,561 ) 75.48 Outstanding and Exercisable as of March 2021 66,458 68.50 $ 4.5
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 during the nine months ended March 27, 2021 were as follows (in millions, except for shares purchased and weighted average price): Shares purchased 220,389 Weighted average purchase price $ 57.00 Cash received $ 12.6 Aggregate intrinsic value $ 10.3
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 Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 Cost of revenue $ 0.1 $ 0.1 $ 0.3 $ 0.2 Research and development 7.2 3.3 16.4 5.8 Selling, general, and administrative 1.5 0.7 3.5 1.1 Total $ 8.8 $ 4.1 $ 20.2 $ 7.1
Schedule of Stock Units Activity	Phantom stock activity was as follows: Phantom Stock Units Outstanding Balance as of June 2020 789,113 Released (242,692 ) Forfeited (121,941 ) Balance as of March 2021 424,480
Restricted stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Stock Units Activity	RSU activity was as follows: Aggregate RSU Intrinsic Awards Value Outstanding (in millions) Balance as of June 2020 1,360,324 Granted 782,450 Delivered (555,976 ) Forfeited (206,972 ) Balance as of March 2021 1,379,826 $ 188.9
Market stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Stock Units Activity	MSU activity was as follows: Aggregate MSU Intrinsic Awards Value Outstanding (in millions) Balance as of June 2020 391,532 Granted 101,009 Performance adjustment 77,534 Delivered (208,275 ) Forfeited (14,773 ) Balance as of March 2021 347,027 $ 47.5
Performance stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Stock Units Activity	PSU activity was as follows: Aggregate PSU Intrinsic Awards Value Outstanding (in millions) Balance as of June 2020 333,848 Awarded 174,231 Performance adjustment 84,111 Released (201,835 ) Forfeited (64,344 ) Balance as of March 2021 326,011 $ 44.6

Segment, Customers, and Geogr_2

Segment, Customers, and Geographic Information (Tables)	9 Months Ended
	Mar. 27, 2021
Segment Reporting Information [Line Items]
Net Revenue within Geographic Areas Based on Customers' Locations	Net revenue within geographic areas based on our customers’ locations for the periods presented was as follows (in millions): Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 China $ 130.9 $ 122.1 $ 406.2 $ 437.1 Taiwan 101.5 42.3 268.1 164.0 Japan 67.5 128.1 258.9 340.8 Other 16.7 21.1 54.7 58.1 South Korea 8.5 13.1 20.0 51.0 United States 0.7 1.4 3.9 5.3 $ 325.8 $ 328.1 $ 1,011.8 $ 1,056.3
Net Revenue from External Customers	Net revenue from our customers for each group of similar products was as follows (in millions): Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 IoT product applications $ 146.0 $ 72.6 $ 415.5 $ 249.4 PC product applications 98.4 78.9 270.4 228.3 Mobile product applications 81.4 176.6 325.9 578.6 $ 325.8 $ 328.1 $ 1,011.8 $ 1,056.3
Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Major Customers as Percentage of Net Revenue	Net revenue from major customers as a percentage of total net revenue for the periods presented was as follows: Three Months Ended Nine Months Ended March March 2021 2020 2021 2020 Customer A 13% * 12% * Customer B 11% 13% 11% 12% Customer C * 21% 16% 17% ____________________ *
Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Major Customers as Percentage of Net Revenue	Major customer accounts receivable as a percentage of total accounts receivable were as follows: March June 2021 2020 Customer A 15% 18% Customer B 12% * Customer C * 21%

Restructuring Activities (Table

Restructuring Activities (Tables)	9 Months Ended
	Mar. 27, 2021
Restructuring And Related Activities [Abstract]
Restructuring Liability Activities	The restructuring liability activity for these restructuring activities during fiscal 2021 was as follows (in millions): Employee Severance and Benefits Accruals $ 5.1 Cash payments (4.6 ) Balance as of March 2021 $ 0.5 Employee Severance and Benefits Balance as of June 2020 $ 6.1 Accruals 2.0 Cash payments (7.6 ) Balance as of March 2021 $ 0.5

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020	Mar. 27, 2021	Mar. 28, 2020	Jun. 27, 2020
Basis Of Presentation [Line Items]
Carrying value of bank deposit	$ 350.9		$ 350.9
Net gain (loss) on foreign currency transactions	$ (0.3)	$ (0.1)	$ (1.4)
Maximum
Basis Of Presentation [Line Items]
Net gain (loss) on foreign currency transactions				$ (0.1)
Money Market Funds [Member]
Basis Of Presentation [Line Items]
Available-for-sale securities, debt securities					$ 521.1

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 27, 2021	Mar. 27, 2021	Mar. 28, 2020	Jun. 27, 2020
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Account receivable bad debt	$ 0
Contract asset	600,000	$ 600,000		$ 400,000
Contract liability	4,900,000	4,900,000		3,200,000
Refund liability	33,700,000	33,700,000		$ 25,800,000
Revenue recognized related to contract liabilities		$ 1,400,000	$ 1,400,000
Description of payment terms in contract with customer		Payments are generally due within three months of completion of the performance obligation and subsequent invoicing and therefore, do not include significant financing components.
Accounting Standards Update 2014-09 [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Remaining unsatisfied performance obligation	$ 0	$ 0
Maximum
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, performance obligation, payment terms		3 months

Net Income Per Share - Computat

Net Income Per Share - Computation of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Mar. 28, 2020	Dec. 28, 2019	Sep. 28, 2019	Mar. 27, 2021	Mar. 28, 2020
Numerator:
Net income/(loss)	$ 13.8	$ 49.6	$ (2.8)	$ 5	$ 19.8	$ 4	$ 60.6	$ 28.8
Denominator:
Shares, basic	35			34			34.7	33.5
Effect of dilutive share-based awards and convertible notes	4.1			1			2.8	1
Shares, diluted	39.1			35			37.5	34.5
Net income per share:
Basic	$ 0.39			$ 0.15			$ 1.75	$ 0.86
Diluted	$ 0.35			$ 0.14			$ 1.62	$ 0.83

Net Income Per Share - Addition

Net Income Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020	Mar. 27, 2021	Mar. 28, 2020
Share-Based Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares that were not included in computation of diluted net income per share	32,109	345,783	68,795	800,857

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Fair Value Disclosures [Abstract]
Convertible notes, net	$ 500.9	$ 486.6
Convertible notes	$ 978.1	$ 542.5

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Inventory Disclosure [Abstract]
Raw materials and work-in-progress	$ 43.3	$ 53.6
Finished goods	26	48.4
Total Inventories	$ 69.3	$ 102

Acquisitions, Divestiture and_3

Acquisitions, Divestiture and Investment - Additional Information (Detail) - USD ($) $ in Millions	Jul. 17, 2020	Jul. 02, 2020	Dec. 31, 2020	Mar. 27, 2021	Mar. 31, 2020	Mar. 28, 2020	Mar. 27, 2021	Mar. 31, 2020	Mar. 28, 2020	Jun. 27, 2020
Business Acquisition [Line Items]
Goodwill				$ 569			$ 569			$ 360.8
Increase in prepaid expense							2.3
Decrease in other accrued liabilities							0.8
Other long-term liabilities				0.4			0.4
Fair value of other acquired net tangible assets							2.7
Revenue				325.8	$ 328.1	$ 328.1	1,011.8	$ 1,056.3	$ 1,056.3
Asset Purchase Agreement [Member]
Business Acquisition [Line Items]
Cash consideration receivable on divestiture of business			$ 35
Gain on sale of the assets			34.2
Display Link Corporation [Member]
Business Acquisition [Line Items]
Acquisition agreement date	Jul. 17, 2020
Business acquisition, ownership percentage	100.00%
Purchase price included in cash	$ 305
Acquisition closing effective date	Jul. 31, 2020
Business combination, consideration transferred							444
Goodwill	$ 105.4
Business acquisition, Goodwill expected income tax deductible amount				0			0
Revenue							78.9
Pro forma adjustments to net income/(loss)				7.1		$ (9.4)	7.3		$ (25.7)
Prepaid expenses and other current assets	9.1
Non-current other assets	0.6
Display Link Corporation [Member] | Escrow Obligations Under Purchase Agreement [Member]
Business Acquisition [Line Items]
Purchase price held in escrow	$ 3.1
Business Acquisition [Member]
Business Acquisition [Line Items]
Goodwill				1.9			1.9
Broadcom Wireless Connectivity [Member]
Business Acquisition [Line Items]
Acquisition agreement date		Jul. 2, 2020
Purchase price included in cash		$ 250
Acquisition closing effective date		Jul. 23, 2020
Revenue							$ 63.8
Business combination description		We acquired these assets and assumed certain liabilities from Broadcom in order to obtain wireless connectivity technology which will enhance our current IoT business
Transition agreements duration		3 years
Identified intangible assets included discount rates							2.20%
Identified intangible assets included discount rates							13.00%
Broadcom Wireless Connectivity [Member] | Derivative and Roadmap Product Agreement [Member]
Business Acquisition [Line Items]
Purchase price included in cash							$ 2
Business combination, consideration transferred							3.5
Business combination, cost of services							25
Prepaid expenses and other current assets				10			10
Non-current other assets				15			15
Business combination, non-current other assets after amortization				$ 8.3			$ 8.3
Eta Compute [Member]
Business Acquisition [Line Items]
Purchase price included in cash			$ 5

Acquisitions, Divestiture and_4

Acquisitions, Divestiture and Investment - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Mar. 27, 2021	Jul. 17, 2020	Jul. 02, 2020	Jun. 27, 2020
Business Acquisition [Line Items]
Goodwill	$ 569			$ 360.8
Display Link Corporation [Member]
Business Acquisition [Line Items]
Cash and cash equivalents		$ 40.9
Short-term investments		94
Accounts receivable, net		7.1
Inventory		33.1
Prepaid expenses and other current assets		9.1
Property and equipment		6.8
Intangible assets		193
Right-of-use lease asset		20
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		(31.8)
Total liabilities		(66)
Net identifiable assets acquired		338.6
Goodwill		105.4
Net assets acquired		$ 444
Broadcom [Member]
Business Acquisition [Line Items]
Property and equipment			$ 1
Intangible assets			123
Total identifiable assets acquired			124
Liabilities assumed			(0.2)
Goodwill			102.8
Net assets acquired			$ 226.6

Acquisitions, Divestiture and_5

Acquisitions, Divestiture and Investment - Summary of Preliminary Estimate of Intangible Assets (Detail) - USD ($) $ in Millions	Jul. 17, 2020	Jul. 02, 2020	Mar. 27, 2021
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years			5 years 1 month 6 days
Trade Names [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years			5 years 1 month 6 days
Display Link Corporation [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 193
Display Link Corporation [Member] | Developed Technology [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	3 years
Estimated Fair Value	$ 82
Display Link Corporation [Member] | Customer Contracts and Related Relationships [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	3 years
Estimated Fair Value	$ 54
Display Link Corporation [Member] | In-Process Research and Development [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 51
Display Link Corporation [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	4 years
Estimated Fair Value	$ 3
Display Link Corporation [Member] | Licensed Technology [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years	2 years 6 months
Estimated Fair Value	$ 3
Broadcom [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 123
Broadcom [Member] | Developed Technology [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		6 years
Estimated Fair Value		$ 93
Broadcom [Member] | Customer Contracts and Related Relationships [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		6 years
Estimated Fair Value		$ 18
Broadcom [Member] | Order Backlog [Member]
Business Acquisition [Line Items]
Estimated Weighted Average Useful Lives in Years		6 months
Estimated Fair Value		$ 12

Acquisitions, Divestiture and_6

Acquisitions, Divestiture and Investment - Summary of Unaudited Pro Forma Financial Information Presents Combined Results of Operations (Detail) - Display Link Corporation [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020	Mar. 27, 2021	Mar. 28, 2020
Business Acquisition [Line Items]
Revenue	$ 325.8	$ 359.1	$ 1,019.1	$ 1,138.2
Net income/(loss)	$ 20.9	$ 3.2	$ 61.5	$ (1)

Acquisitions, Divestiture and_7

Acquisitions, Divestiture and Investment - Summary of Adjusted Purchase Price (Detail) - Broadcom [Member] $ in Millions	Jul. 02, 2020USD ($)
Business Acquisition [Line Items]
Purchase price included in cash	$ 250.1
Adjustments to consideration transferred, net	1.5
Roadmap products - estimated cost of development	(25)
Business combination, consideration transferred	$ 226.6

Acquired Intangibles and Good_3

Acquired Intangibles and Goodwill - Summary of Life, Gross Carrying Value of Acquired Intangible Assets, and Related Accumulated Amortization (Detail) - USD ($) $ in Thousands	9 Months Ended
	Mar. 27, 2021	Jun. 27, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 544,700	$ 398,300
Accumulated Amortization	(217,600)	(304,900)
Net Carrying Value	$ 327,100	93,400
Weighted Average Life in Years	5 years 1 month 6 days
Display Driver Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 20,400	164,000
Accumulated Amortization	(16,800)	(158,200)
Net Carrying Value	$ 3,600	5,800
Weighted Average Life in Years	7 years
Audio and Video Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 138,600	138,600
Accumulated Amortization	(92,700)	(76,500)
Net Carrying Value	$ 45,900	62,100
Weighted Average Life in Years	5 years 4 months 24 days
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 125,500	81,800
Accumulated Amortization	(55,700)	(61,400)
Net Carrying Value	$ 69,800	20,400
Weighted Average Life in Years	4 years 2 months 12 days
Wireless and Connectivity Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 93,000
Accumulated Amortization	(10,300)
Net Carrying Value	$ 82,700
Weighted Average Life in Years	6 years
Video Interface Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 82,000
Accumulated Amortization	(18,200)
Net Carrying Value	$ 63,800
Weighted Average Life in Years	3 years
Licensed Technology and Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 13,000	7,700
Accumulated Amortization	(7,500)	(5,500)
Net Carrying Value	$ 5,500	2,200
Weighted Average Life in Years	4 years 1 month 6 days
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 4,400	4,400
Accumulated Amortization	(3,000)	(2,600)
Net Carrying Value	$ 1,400	1,800
Weighted Average Life in Years	8 years
Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 12,000
Accumulated Amortization	$ (12,000)
Weighted Average Life in Years	6 months
In-Process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 51,000
Net Carrying Value	51,000
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	4,800	1,800
Accumulated Amortization	(1,400)	(700)
Net Carrying Value	$ 3,400	$ 1,100
Weighted Average Life in Years	5 years 1 month 6 days

Acquired Intangibles and Good_4

Acquired Intangibles and Goodwill - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020	Mar. 27, 2021	Mar. 28, 2020
Finite-Lived Intangible Assets [Line Items]
Acquired intangibles amortization	$ 27.5	$ 11.1	$ 84.5	$ 40.4
Cost of Revenue [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangibles amortization	$ 18.9	$ 8.1	$ 60.5	$ 31.6

Acquired Intangibles and Good_5

Acquired Intangibles and Goodwill - Schedule of Expected Annual Aggregate Amortization Expense (Detail) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2021	$ 25.6
2022	99
2023	86.1
2024	25.9
2025	19
Thereafter	20.5
To be determined	51
Net Carrying Value	$ 327.1	$ 93.4

Acquired Intangibles and Good_6

Acquired Intangibles and Goodwill - Schedule of Changes in Goodwill (Detail) $ in Millions	9 Months Ended
	Mar. 27, 2021USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance	$ 360.8
Acquisition activity	208.2
Ending balance	$ 569

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	9 Months Ended
	Mar. 27, 2021USD ($)
Lessee Lease Description [Line Items]
Lease Option to Extend	The leases expire at various dates through fiscal year 2029, some of which include options to extend the lease for up to 5 years.
Lease Expiration Year.	2029
Lessee, Operating Lease, Existence of Option to Extend	true
Operating Leases, Expense	$ 7.5
Operating Lease, Weighted Average Remaining Lease Term	6 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	4.00%
Maximum
Lessee Lease Description [Line Items]
Duration of Extending leases	5 years

Leases - Schedule of Components

Leases - Schedule of Components of Leases and Lease Costs (Detail) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 35.1	$ 21
Operating Lease, Liability, Current	Operating lease liabilities	Operating lease liabilities
Operating lease liabilities	$ 9.7	$ 6.5
Operating Lease, Liability, Noncurrent	Operating lease liabilities, long-term	Operating lease liabilities, long-term
Operating lease liabilities, long-term	$ 26.9	$ 14.6
Operating Lease, Liability	Total operating lease liabilities	Total operating lease liabilities
Total operating lease liabilities	$ 36.6	$ 21.1

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Millions	9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020
Leases [Abstract]
Cash paid for operating leases included in operating cash flows	$ 7.3	$ 7.1
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$ 21.7	$ 2.8

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments for Operating Leases (Detail) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Leases [Abstract]
Remainder of 2021	$ 2.7
2022	10.1
2023	6.3
2024	4.8
2025	4
Thereafter	13.4
Total	41.3
Less: interest	$ (4.7)
Operating Lease, Liability	Total lease liabilities	Total lease liabilities
Total lease liabilities	$ 36.6	$ 21.1

Other Accrued Liabilities and_3

Other Accrued Liabilities and Other Long-Term Liabilities - Other Accrued Liabilities (Detail) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Payables And Accruals [Abstract]
Customer obligations	$ 38.6	$ 29
Inventory obligations	22.1	27.9
Operating lease liabilities	9.7	6.5
Other	20.3	27.6
Other accrued liabilities	$ 90.7	$ 91

Other Accrued Liabilities and_4

Other Accrued Liabilities and Other Long-Term Liabilities - Other Long-Term Liabilities (Detail) - USD ($) $ in Millions	Mar. 27, 2021	Jun. 27, 2020
Payables And Accruals [Abstract]
Operating lease liabilities, long-term	$ 26.9	$ 14.6
Deferred tax liability	20.9
Income taxes payable, long-term	16.6	16.4
Other	12.6	13
Other long-term liabilities	$ 77	$ 44

Debt - Additional Information (

Debt - Additional Information (Detail)	Mar. 11, 2021USD ($)	Dec. 31, 2020Day	Mar. 27, 2021USD ($)Day$ / sharesshares	Mar. 28, 2020USD ($)	Dec. 26, 2020USD ($)
Debt Instrument [Line Items]
Sale price of common stock, minimum threshold percentage			98.00%
Debt issuance costs			$ 5,700,000
Interest Expense			$ 900,000
Sale of common stock, threshold trading days | Day			5
Sale of common stock, threshold consecutive trading days | Day			5
Debt issuance cost			$ 5,900,000	$ 200,000
Percentage of voting capital stock			65.00%
4.0% Senior Notes Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount			$ 400,000,000
Debt instrument interest rate, stated percentage			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 Indenture, plus accrued and unpaid interest, if any, up to, but excluding, the redemption date
Sale price of common stock, minimum threshold percentage			104.00%
Maturity period			Jun. 15, 2024
0.50% Convertible Senior Notes due 2022 [Member]
Debt Instrument [Line Items]
Aggregate principal amount			$ 525,000,000
Debt instrument interest rate, stated percentage			0.50%
Sale price of common stock, minimum threshold percentage		130.00%	130.00%
Debt issuance costs			$ 2,400,000
Net proceeds from issuance of convertible debt			$ 514,500,000
Debt instrument maturity date			Jun. 15, 2022
Conversion of notes in multiples of principal amounts			$ 1,000
Sale of common stock, threshold trading days | Day		20	20
Debt principal amount			$ 1,000
Sale of common stock, threshold consecutive trading days | Day		30	30
Convertible number of shares, principal amount of notes | shares			13.6947
Initial conversion price per share of common stock | $ / shares			$ 73.02
Note repurchase price, percentage of principal amount of notes			100.00%
Equity component of the principal amount of the convertible debt			$ 82,100,000
Nonconvertible debt borrowing rate			4.39%
Debt instrument term			5 years
Debt issuance costs			$ 11,100,000
Convertible debt issuance costs pro rata to equity components			1,900,000
Convertible debt issuance costs pro rata to debt components			$ 9,200,000
Debt amortization period			5 years
Unamortized amounts of debt discount			$ 21,600,000
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity period			Mar. 11, 2026
Debt amortization period			60 months
Line of credit, maximum borrowing capacity	$ 250,000,000
Maximum leverage ratio permitted	4.75%		3.75%
Minimum 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		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 the 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 March 27, 2021, we remain in compliance with the restrictive covenants
Line of credit facility allowable requests for additional borrowing	$ 150,000,000
Outstanding principal amount					$ 100,000,000
Weighted average annualized interest rate on borrowings			2.50%
Repayment date, description			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.
Debt issuance cost			$ 1,600,000
Description of base rate			The revolving credit facility bears interest at our election of a Base Rate plus an Applicable Margin or LIBOR plus an Applicable Margin. Swingline loans bear interest at a Base Rate plus an Applicable Margin. The Base Rate is a floating rate that is the greater of the Prime Rate, the Federal Funds Rate plus 50 basis points, or LIBOR plus 100 basis points. The Applicable Margin is based on a sliding scale which ranges from 0.25 to 100 basis points for Base Rate loans and 100 basis points to 175 basis points for LIBOR loans.
Maximum accounts receivable financings per quarter			$ 100,000,000
Minimum interest coverage ratio			3.50%
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | Federal Funds Rates [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	200,000,000
Commitment fee percentage of unused portion			0.175%
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			0.0025%
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	250,000,000
Commitment fee percentage of unused portion			0.25%
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.75%
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
Amended and Restated Credit Agreement [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	20,000,000
Amended and Restated Credit Agreement [Member] | Bridge Loan [Member]
Debt Instrument [Line Items]
Line of credit, 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%
Minimum leverage ratio permitted	3.75%
Amended and Restated Credit Agreement [Member] | Thereafter [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum leverage ratio permitted			3.75%

Debt - Schedule Of Redemption P

Debt - Schedule Of Redemption Prices And Unpaid Interest (Detail)	9 Months Ended
	Mar. 27, 2021
2024
Debt Instrument [Line Items]
Price	102.00%
2025
Debt Instrument [Line Items]
Price	101.00%
2026 An Thereafter
Debt Instrument [Line Items]
Price	100.00%

Debt - Schedule of Contractual

Debt - Schedule of Contractual Interest Expense and Amortization of Discount on Notes (Detail) - Purchase Agreement [Member] - 0.50% Convertible Senior Notes due 2022 [Member] - Wells Fargo Securities, LLC [Member] $ in Millions	9 Months Ended
	Mar. 27, 2021USD ($)
Debt Instrument [Line Items]
Interest expense	$ 2
Amortization of discount and debt issuance costs	14.3
Total interest	$ 16.3

Share-Based Compensation - Shar

Share-Based Compensation - Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020	Mar. 27, 2021	Mar. 28, 2020
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 25.1	$ 17.9	$ 70	$ 44.2
Income tax benefit on share-based compensation	(2.5)	(1.8)	(11.5)	(4.5)
Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	8.8	4.1	20.2	7.1
Cost of Revenue [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	0.8	0.8	2.6	2.1
Cost of Revenue [Member] | Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	0.1	0.1	0.3	0.2
Research and Development [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	12.9	9	33.4	24.6
Research and Development [Member] | Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	7.2	3.3	16.4	5.8
Selling, General, and Administrative [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	11.4	8.1	34	17.5
Selling, General, and Administrative [Member] | Phantom Stock Unit [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 1.5	$ 0.7	$ 3.5	$ 1.1

Share-Based Compensation - New

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

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Stock Option Activity (Detail) $ / shares in Units, $ in Millions	9 Months Ended
	Mar. 27, 2021USD ($)$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Option Awards Outstanding, Balance as of June 2020 | shares	329,786
Stock Option Awards Outstanding, Exercised | shares	(209,767)
Stock Option Awards Outstanding, Expired | shares	(53,561)
Stock Option Awards Outstanding, Balance as of March 2021 | shares	66,458
Weighted Average Exercise Price, Balance as of June 2020 | $ / shares	$ 69.78
Weighted Average Exercise Price, Exercised | $ / shares	68.73
Weighted Average Exercise Price, Expired | $ / shares	75.48
Weighted Average Exercise Price, Balance as of March 2021 | $ / shares	$ 68.50
Aggregate Intrinsic Value, Balance as of March 2021 | $	$ 4.5

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Options - Additional Information (Detail)	Mar. 26, 2021$ / shares
Stock option outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding	$ 136.91

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Stock Units Activity (Detail) $ in Millions	9 Months Ended
	Mar. 27, 2021USD ($)shares
Restricted stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance as of June 2020	1,360,324
Stock Unit Awards, Granted	782,450
Stock Unit Awards, Delivered/Released	(555,976)
Stock Unit Awards, Forfeited	(206,972)
Stock Unit Awards Outstanding, Balance as of March 2021	1,379,826
Aggregate Intrinsic Value, Balance as of March 2021 | $	$ 188.9
Market stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance as of June 2020	391,532
Stock Unit Awards, Granted	101,009
Stock Unit Awards, Performance adjustment	77,534
Stock Unit Awards, Delivered/Released	(208,275)
Stock Unit Awards, Forfeited	(14,773)
Stock Unit Awards Outstanding, Balance as of March 2021	347,027
Aggregate Intrinsic Value, Balance as of March 2021 | $	$ 47.5
Performance stock units outstanding [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance as of June 2020	333,848
Stock Unit Awards, Granted	174,231
Stock Unit Awards, Performance adjustment	84,111
Stock Unit Awards, Delivered/Released	(201,835)
Stock Unit Awards, Forfeited	(64,344)
Stock Unit Awards Outstanding, Balance as of March 2021	326,011
Aggregate Intrinsic Value, Balance as of March 2021 | $	$ 44.6
Phantom Stock Unit [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Unit Awards Outstanding, Balance as of June 2020	789,113
Stock Unit Awards, Delivered/Released	(242,692)
Stock Unit Awards, Forfeited	(121,941)
Stock Unit Awards Outstanding, Balance as of March 2021	424,480

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Units - Additional Information (Detail) - Restricted stock units outstanding [Member] - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Mar. 27, 2021	Mar. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding		$ 136.91
Shares withheld to meet statutory minimum tax withholding requirements	338,428
Shares valued withheld to meet statutory minimum tax withholding requirements	$ 26.9

Share-Based Compensation - Mark

Share-Based Compensation - Market Stock Units - Additional Information (Detail) - Market stock units outstanding [Member] - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Mar. 27, 2021	Mar. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout adjustment ratio	200.00%
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding		$ 136.91
Unrecognized share-based compensation cost	$ 20.2
Unrecognized share-based compensation, period for recognition	1 year 3 months 18 days
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	0.00%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
Share-based Compensation Award, First Tranche [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	1 year
Vesting percentage of the underlying awards	33.33%
Share-based Compensation Award, First Tranche [Member] | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
Share-based Compensation Award, First Tranche [Member] | Maximum | Three-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, First Tranche [Member] | Maximum | Four-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, Second Tranche [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	2 years
Vesting percentage of the underlying awards	33.33%
Share-based Compensation Award, Second Tranche [Member] | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
Share-based Compensation Award, Second Tranche [Member] | Maximum | Three-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, Second Tranche [Member] | Maximum | Four-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, Third Tranche [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	3 years
Vesting percentage of the underlying awards	33.33%
Share-based Compensation Award, Third Tranche [Member] | Maximum | Four-Year Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%
Share-based Compensation Award, Fourth Tranche [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	4 years
Vesting percentage of the underlying awards	25.00%
TSR Percentile Below 25 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	0.00%
TSR Percentile Above 75 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
TSR Percentile 50 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	100.00%

Share-Based Compensation - Perf

Share-Based Compensation - Performance Stock Units - Additional Information (Detail) - Performance stock units outstanding [Member] - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Mar. 27, 2021	Mar. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	3 years
Vesting percentage of the underlying awards	33.33%
Closing price of common stock used to calculate Aggregate intrinsic value of stock option outstanding		$ 136.91
Requisite service period	3 years
Unrecognized share-based compensation cost	$ 17.2
Unrecognized share-based compensation, period for recognition	1 year 3 months 18 days
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	0.00%
Threshold percentage of earnings per share to trigger pay out	65.00%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout range	200.00%
Threshold percentage of earnings per share to trigger pay out	135.00%

Share-Based Compensation - Phan

Share-Based Compensation - Phantom Stock Units - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Mar. 27, 2021	Jun. 27, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of outstanding stock units	$ 68.50	$ 69.78
Phantom Stock Unit [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of the underlying awards	3 years
Fair value of outstanding stock units	$ 135.33
Accrued liability for outstanding stock units	$ 11.6
Unrecognized share-based compensation cost	$ 45.9
Unrecognized share-based compensation, period for recognition	1 year 7 months 6 days

Share-Based Compensation - Sh_2

Share-Based Compensation - Shares Purchased, Weighted Average Purchase Price, Cash Received, and Aggregate Intrinsic Value for ESPP (Detail) $ / shares in Units, $ in Millions	9 Months Ended
	Mar. 27, 2021USD ($)$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Aggregate intrinsic value	$ 4.5
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares purchased | shares	220,389
Weighted average purchase price | $ / shares	$ 57
Cash received	$ 12.6
Aggregate intrinsic value	$ 10.3

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020	Mar. 27, 2021	Mar. 28, 2020
Income Tax Disclosure [Line Items]
Benefit for income taxes	$ 10.4	$ 10.2	$ 16.4	$ 17.3
Unrecognized Tax Benefits, Period Increase (Decrease)			0.8
Gross unrecognized tax benefits	22.9		22.9
Interest and penalties accrued related to unrecognized tax benefits	1.7		1.7
Increase (decrease) in interest and penalties accrued related to unrecognized tax benefits			(0.2)
Maximum
Income Tax Disclosure [Line Items]
Estimated increase in unrecognized tax benefit in next twelve months	$ 3.1		$ 3.1

Segment, Customers, and Geogr_3

Segment, Customers, and Geographic Information - Additional Information (Detail)	9 Months Ended
	Mar. 27, 2021SegmentProduct
Segment Reporting [Abstract]
Number of operating segments | Segment	1
Number of product | Product	3

Segment, Customers, and Geogr_4

Segment, Customers, and Geographic Information - Net Revenue within Geographic Areas Based on Customers' Locations (Detail) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Mar. 27, 2021	Mar. 31, 2020	Mar. 28, 2020	Mar. 27, 2021	Mar. 31, 2020	Mar. 28, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 325.8	$ 328.1	$ 328.1	$ 1,011.8	$ 1,056.3	$ 1,056.3
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	130.9	122.1		406.2	437.1
Taiwan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	101.5	42.3		268.1	164
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	67.5	128.1		258.9	340.8
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	16.7	21.1		54.7	58.1
South Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	8.5	13.1		20	51
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 0.7	$ 1.4		$ 3.9	$ 5.3

Segment, Customers, and Geogr_5

Segment, Customers, and Geographic Information - Net Revenue from External Customers (Detail) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Mar. 27, 2021	Mar. 31, 2020	Mar. 28, 2020	Mar. 27, 2021	Mar. 31, 2020	Mar. 28, 2020
Revenue from External Customer [Line Items]
Net revenue	$ 325.8	$ 328.1	$ 328.1	$ 1,011.8	$ 1,056.3	$ 1,056.3
Mobile Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	81.4		176.6	325.9		578.6
PC Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	98.4		78.9	270.4		228.3
Internet of Things Product Applications [Member]
Revenue from External Customer [Line Items]
Net revenue	$ 146		$ 72.6	$ 415.5		$ 249.4

Segment, Customers, and Geogr_6

Segment, Customers, and Geographic Information - Major Customers as Percentage of Net Revenue (Detail) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020	Mar. 27, 2021	Mar. 28, 2020
Customer A [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	13.00%		12.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	11.00%	13.00%	11.00%	12.00%
Customer C [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage		21.00%	16.00%	17.00%

Segment, Customers, and Geogr_7

Segment, Customers, and Geographic Information - Major Customers as Percentage of Net Revenue (Parenthetical) (Detail)	9 Months Ended
	Mar. 27, 2021	Mar. 28, 2020
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Maximum
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	10.00%	10.00%

Segment, Customers, and Geogr_8

Segment, Customers, and Geographic Information - Major Customer Accounts Receivable as Percentage of Accounts Receivable (Detail) - Accounts Receivable [Member] - Credit Concentration Risk [Member]	9 Months Ended	12 Months Ended
	Mar. 27, 2021	Jun. 27, 2020
Customer A [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	15.00%	18.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	12.00%
Customer C [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage		21.00%

Restructuring Activities - Rest

Restructuring Activities - Restructuring Liability Activities (Detail) - Employee Severance and Benefits [Member] $ in Millions	9 Months Ended
	Mar. 27, 2021USD ($)
Fiscal 2021 Restructuring Plan [Member]
Restructuring Cost And Reserve [Line Items]
Additional accruals	$ 5.1
Cash payments	(4.6)
Ending Balance	0.5
Fiscal 2020 Retructucturing Plan [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring Reserve	6.1
Additional accruals	2
Cash payments	(7.6)
Ending Balance	$ 0.5

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Millions	May 03, 2021USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Convertible notes payable conversion request	$ 19.4