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v3.23.2

Leases (Tables) | 12 Months Ended
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Jun. 25, 2023
Leases [Abstract] |
Schedule of Components of Lease Expense | The components of lease expense were as follows for the years ended June 25, 2023, June 26, 2022, and June 27, 2021:
| Year Ended
| June 25, 2023 |  | June 26, 2022 |  | June 27, 2021
| (in thousands)
Financing lease cost: |  |  |  |  |
Amortization of right-of-use assets | $ | 7,899 |  |  | $ | 7,439 |  |  | $ | 7,131 |
Interest on lease liabilities | 863 |  |  | 658 |  |  | 697 |
Total finance lease cost | $ | 8,762 |  |  | $ | 8,097 |  |  | $ | 7,828 |
Operating lease cost | $ | 75,660 |  |  | $ | 69,250 |  |  | $ | 51,519 |
Variable lease cost | 227,726 |  |  | 259,041 |  |  | 219,040 |
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information related to leases was as follows as of June 25, 2023, June 26, 2022, and June 27, 2021:
| Year Ended
| June 25, 2023 |  | June 26, 2022 |  | June 27, 2021
| (in thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows paid for operating leases | $ | 74,397 |  |  | $ | 64,808 |  |  | $ | 63,895 |
Financing cash flows paid for principal portion of finance leases | 14,985 |  |  | 11,513 |  |  | 5,952 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 91,592 |  |  | $ | 121,580 |  |  | $ | 48,993 |
Finance leases | 20,161 |  |  | 13,868 |  |  | 29,497 |
| June 25, 2023 |  | June 26, 2022
| Weighted-Average Remaining Lease Term |  | Weighted-Average Discount Rate |  | Weighted-Average Remaining Lease Term |  | Weighted-Average Discount Rate
| (in years) |  |  |  | (in years) |  |
Operating leases | 4.9 |  | 3.80 | % |  | 5.4 |  | 3.05 | %
Finance leases | 5.2 |  | 2.56 | % |  | 6.4 |  | 2.01 | %
Schedule of Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases was as follows as of June 25, 2023 and June 26, 2022:
| June 25, 2023 |  | June 26, 2022
| (in thousands)
Operating leases |  |  |
Other assets | $ | 242,656 |  |  | $ | 226,648 |
Accrued expenses and other current liabilities | $ | 64,682 |  |  | $ | 54,110 |
Other long-term liabilities | 172,886 |  |  | 164,613 |
Total operating lease liabilities | $ | 237,568 |  |  | $ | 218,723 |
Finance Leases |  |  |
Property and Equipment, net | $ | 53,721 |  |  | $ | 42,153 |
Current portion of long-term debt and lease liabilities | $ | 7,937 |  |  | $ | 7,381 |
Long-term debt and lease liabilities, less current portion | 38,239 |  |  | 35,990 |
Total finance lease liabilities | $ | 46,176 |  |  | $ | 43,371 |
Schedule of Maturities of Finance Lease Liabilities | As of June 25, 2023, the maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
| (in thousands)
2024 | $ | 72,035 |  |  | $ | 8,796 |
2025 | 53,620 |  |  | 7,867 |
2026 | 41,303 |  |  | 7,429 |
2027 | 30,264 |  |  | 7,025 |
2028 | 22,748 |  |  | 12,617 |
Thereafter | 44,718 |  |  | 5,444 |
Total lease payments | $ | 264,688 |  |  | $ | 49,178 |
Less imputed interest | (27,120) |  |  | (3,002) |
Total | $ | 237,568 |  |  | $ | 46,176 |
Schedule of Maturities of Operating Lease Liabilities | As of June 25, 2023, the maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
| (in thousands)
2024 | $ | 72,035 |  |  | $ | 8,796 |
2025 | 53,620 |  |  | 7,867 |
2026 | 41,303 |  |  | 7,429 |
2027 | 30,264 |  |  | 7,025 |
2028 | 22,748 |  |  | 12,617 |
Thereafter | 44,718 |  |  | 5,444 |
Total lease payments | $ | 264,688 |  |  | $ | 49,178 |
Less imputed interest | (27,120) |  |  | (3,002) |
Total | $ | 237,568 |  |  | $ | 46,176 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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