v3.23.1

Share-based compensation (Tables)

9 Months Ended

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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