v3.21.1

Other receivable | 9 Months Ended
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Mar. 26, 2021
Receivables [Abstract] |
Other receivable | Other receivableOn October 1, 2019, the Company provided funds in the amount of $24.3 million to a customer to support the customer’s transfer of certain manufacturing operations from Berlin, Germany to the Company’s facilities in Thailand. On October 1, 2020, the Company extended the payment terms of the funds and the accrued interest from September 30, 2020 to April 1, 2021, and reduced the interest rate effective from October 1, 2020. The extension was granted in connection with the customer’s agreement to transfer additional manufacturing operations to the Company’s facilities in Thailand beginning in November 2020. These funds will be offset by the amount due to this customer for the purchases of certain inventories. As of March 26, 2021, the Company recorded the $24.3 million funds as other receivable in the unaudited condensed consolidated balance sheet. The funds were repaid on April 1, 2021.

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