v3.22.4

Intangibles (Tables) | 6 Months Ended
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Dec. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | The following tables present details of the Company’s intangibles:
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation Adjustment |  | Net
As of December 30, 2022 |  |  |  |  |  |  |
Software | $ | 11,046 |  |  | $ | (8,262) |  |  | $ | — |  |  | $ | 2,784 |
Customer relationships | 4,373 |  |  | (3,784) |  |  | (54) |  |  | 535 |
Total intangibles | $ | 15,419 |  |  | $ | (12,046) |  |  | $ | (54) |  |  | $ | 3,319 |
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation Adjustment |  | Net
As of June 24, 2022 |  |  |  |  |  |  |
Software | $ | 10,484 |  |  | $ | (7,681) |  |  | $ | — |  |  | $ | 2,803 |
Customer relationships | 4,373 |  |  | (3,610) |  |  | (58) |  |  | 705 |
Backlog | 119 |  |  | (119) |  |  | — |  |  | — |
Total intangibles | $ | 14,976 |  |  | $ | (11,410) |  |  | $ | (58) |  |  | $ | 3,508 |
Schedule of Weighted-Average Remaining Life of Intangible Assets | The weighted-average remaining life of software and customer relationships was:
(years) | As of December 30, 2022 |  | As of June 24, 2022
Software | 3.4 |  | 3.8
Customer relationships | 2.8 |  | 3.1
Total intangibles | 3.5 |  | 3.8
Schedule of Estimated Future Amortization of Intangibles Assets | Based on the carrying amount of intangibles as of December 30, 2022, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows:
(in thousands) |
2023 (remaining six months) | $ | 666 |
2024 | 1,201 |
2025 | 725 |
2026 | 508 |
2027 | 192 |
Thereafter | 27 |
Total | $ | 3,319 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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