v3.23.2
Earnings Per Common Share (Tables)
 12 Months Ended
Jul. 01, 2023
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators for Basic and Diluted Earnings Per Common Share Computations

A reconciliation of the numerators and denominators for the basic and diluted earnings per common share computations is as follows:

 

(In millions, except per share amounts)

 

Fiscal Year Ended
July 1, 2023

 

 

Fiscal Year Ended
July 2, 2022

 

 

Fiscal Year Ended
July 3, 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

397.2

 

 

$

112.5

 

 

$

40.7

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

154.2

 

 

 

149.8

 

 

 

132.1

 

Dilutive effect of potential common shares

 

 

1.9

 

 

 

1.5

 

 

 

1.3

 

Weighted-average dilutive shares outstanding

 

 

156.1

 

 

 

151.3

 

 

 

133.4

 

Basic earnings per common share

 

$

2.58

 

 

$

0.75

 

 

$

0.31

 

Diluted earnings per common share

 

$

2.54

 

 

$

0.74

 

 

$

0.30