Share-based compensation (Tables)
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6 Months Ended |
Dec. 30, 2022 |
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| Share-Based Payment Arrangement [Abstract] |
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| Summary of Effect of Recording Share-Based Compensation Expense |
The effect of recording share-based compensation expense for the three and six months ended December 30, 2022 and December 24, 2021 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | (in thousands) | December 30,
2022 | | December 24,
2021 | | December 30,
2022 | | December 24,
2021 | | Share-based compensation expense by type of award: | | | | | | | | | Restricted share units | $ | 3,999 | | | $ | 3,671 | | | $ | 8,900 | | | $ | 8,595 | | | Performance share units | 2,776 | | | 3,015 | | | 5,598 | | | 7,383 | | | Total share-based compensation expense | 6,775 | | | 6,686 | | | 14,498 | | | 15,978 | | | Tax effect on share-based compensation expense | — | | | — | | | — | | | — | | | Net effect on share-based compensation expense | $ | 6,775 | | | $ | 6,686 | | | $ | 14,498 | | | $ | 15,978 | |
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| Schedule of Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income |
Share-based compensation expense was recorded in the unaudited condensed consolidated statements of operations and comprehensive income as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | (in thousands) | December 30,
2022 | | December 24,
2021 | | December 30,
2022 | | December 24,
2021 | | Cost of revenue | $ | 1,660 | | | $ | 1,421 | | | $ | 3,576 | | | $ | 3,396 | | | Selling, general and administrative expense | 5,115 | | | 5,265 | | | 10,922 | | | 12,582 | | | Total share-based compensation expense | $ | 6,775 | | | $ | 6,686 | | | $ | 14,498 | | | $ | 15,978 | |
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| Schedule of Restricted Share Unit Activity |
The following table summarizes restricted share unit activity under the Equity Incentive Plans: | | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | Balance as of June 24, 2022 | 459,626 | | | $ | 75.14 | | | Granted | 148,830 | | | $ | 119.14 | | | Vested | (189,375) | | | $ | 64.23 | | | Forfeited | (15,028) | | | $ | 89.86 | | Balance as of December 30, 2022 | 404,053 | | | $ | 95.91 | |
| | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | | Balance as of June 25, 2021 | 641,875 | | | $ | 55.74 | | | Granted | 154,893 | | | $ | 102.70 | | | Vested | (271,396) | | | $ | 50.74 | | | Forfeited | (18,101) | | | $ | 68.49 | | Balance as of December 24, 2021 | 507,271 | | | $ | 72.29 | |
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| Schedule of Performance Share Unit Activity |
The following table summarizes performance share unit activity under the Equity Incentive Plans: | | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | Balance as of June 24, 2022 | 285,882 | | | $ | 81.64 | | | Granted | 97,142 | | | $ | 117.35 | | | Vested | (179,008) | | | $ | 70.05 | | | Forfeited | — | | | $ | — | | Balance as of December 30, 2022 | 204,016 | | | $ | 108.81 | |
| | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | | Balance as of June 25, 2021 | 427,028 | | | $ | 57.82 | | | Granted | 110,832 | | | $ | 101.05 | | | Vested | (190,213) | | | 48.65 | | | Forfeited | (52,097) | | | $ | 48.65 | | Balance as of December 24, 2021 | 295,550 | | | $ | 81.55 | |
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