v3.23.1

Share-based compensation (Tables) | 9 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of Effect of Recording Share-Based Compensation Expense | The effect of recording share-based compensation expense for the three and nine months ended March 31, 2023 and March 25, 2022 was as follows:
| Three Months Ended |  | Nine Months Ended
(in thousands) | March 31, 2023 |  | March 25, 2022 |  | March 31, 2023 |  | March 25, 2022
Share-based compensation expense by type of award: |  |  |  |  |  |  |
Restricted share units | $ | 3,945 |  |  | $ | 3,126 |  |  | $ | 12,845 |  |  | $ | 11,720 |
Performance share units | 2,774 |  |  | 2,597 |  |  | 8,372 |  |  | 9,981 |
Total share-based compensation expense | 6,719 |  |  | 5,723 |  |  | 21,217 |  |  | 21,701 |
Tax effect on share-based compensation expense | — |  |  | — |  |  | — |  |  | — |
Net effect on share-based compensation expense | $ | 6,719 |  |  | $ | 5,723 |  |  | $ | 21,217 |  |  | $ | 21,701 |
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 |  | Nine Months Ended
(in thousands) | March 31, 2023 |  | March 25, 2022 |  | March 31, 2023 |  | March 25, 2022
Cost of revenue | $ | 1,453 |  |  | $ | 1,183 |  |  | $ | 5,028 |  |  | $ | 4,579 |
Selling, general and administrative expense | 5,080 |  |  | 4,540 |  |  | 16,003 |  |  | 17,122 |
Restructuring and other related costs | 186 |  |  | — |  |  | 186 |  |  | — |
Total share-based compensation expense | $ | 6,719 |  |  | $ | 5,723 |  |  | $ | 21,217 |  |  | $ | 21,701 |
Share-Based Payment Arrangement, Activity | The following table summarizes the number of equity awards outstanding and ordinary shares available for grant under each of the Equity Incentive Plans as of March 31, 2023:
(share units) | Restricted Share Units outstanding |  | Performance Share Units outstanding |  | Ordinary Shares available for future grant
2020 Plan | 343,211 |  |  | 204,016 |  |  | 1,958,203 |
2010 Plan | 30,827 |  |  | — |  |  | — |
2017 Inducement Plan | — |  |  | — |  |  | 111,347 |
Total | 374,038 |  |  | 204,016 |  |  | 2,069,550 |
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 | 154,113 |  |  | $ | 119.23 |
Vested | (220,004) |  |  | $ | 67.23 |
Forfeited | (19,697) |  |  | $ | 91.84 |
Balance as of March 31, 2023 | 374,038 |  |  | $ | 97.08 |
| Number of Shares |  | Weighted- Average Grant Date Fair Value Per Share
Balance as of June 25, 2021 | 641,875 |  |  | $ | 55.74 |
Granted | 165,684 |  |  | $ | 102.74 |
Vested | (310,473) |  |  | $ | 51.12 |
Forfeited | (36,158) |  |  | $ | 69.84 |
Balance as of March 25, 2022 | 460,928 |  |  | $ | 73.96 |
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 March 31, 2023 | 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 | (61,765) |  |  | $ | 53.38 |
Balance as of March 25, 2022 | 285,882 |  |  | $ | 81.64 |

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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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