v3.23.1
Borrowings (Tables)
 9 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Total Borrowings, Including Revolving and Long-Term Borrowings
The Company’s total borrowings, including current and non-current portions of long-term borrowings, consisted of the following:
(in thousands of U.S. dollars)    
RateConditionsMaturity
As of
March 31, 2023
As of
June 24, 2022
Long-term borrowings, current portion, net:
Long-term borrowings, current portion$12,188 $12,188 
Less: Unamortized debt issuance costs, current portion(32)(32)
Long-term borrowings, current portion, net$12,156 $12,156 
Long-term borrowings, non-current portion, net:
Term loan borrowings:
3-month LIBOR +1.35% per annum (1)
Repayable in
quarterly installments		June 2024$15,234 $27,421 
Less: Current portion(12,187)(12,188)
Less: Unamortized debt issuance costs, non-current portion(8)(31)
Long-term borrowings, non-current portion, net$3,039 $15,202 
(1)The Company has entered into interest rate swaps that effectively fix a series of future interest payments on its term loans. Refer to Note 6.
Schedule of Movements of Long-Term Loans
The movements of long-term borrowings for the nine months ended March 31, 2023 and March 25, 2022 were as follows:
 Nine Months Ended
(in thousands)March 31,
2023		March 25,
2022
Opening balance$27,421 $39,609 
Repayments during the period(12,187)(9,141)
Closing balance$15,234 $30,468 
Schedule of Future Maturities of Long-Term Debt
As of March 31, 2023, future maturities of long-term borrowings during each fiscal year were as follows:
(in thousands) 
2023 (remaining three months)
$3,047 
202412,187 
Total$15,234