v3.25.1

Share-based compensation (Tables)

9 Months Ended

Mar. 28, 2025

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 28, 2025 and March 29, 2024 was as follows:

			Three Months Ended												Nine Months Ended
(in thousands)			March 28, 2025						March 29, 2024						March 28, 2025						March 29, 2024
Share-based compensation expense by type of award:
Restricted share units			$	4,777					$	3,833					$	15,920					$	12,800
Performance share units			3,006						2,893						8,983						8,640
Total share-based compensation expense			7,783						6,726						24,903						21,440
Tax effect on share-based compensation expense			—						—						—						—
Net effect on share-based compensation expense			$	7,783					$	6,726					$	24,903					$	21,440

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 28, 2025						March 29, 2024						March 28, 2025						March 29, 2024
Cost of revenue			$	2,221					$	1,561					$	7,883					$	5,427
Selling, general and administrative expense			5,562						5,165						17,020						16,013
Total share-based compensation expense			$	7,783					$	6,726					$	24,903					$	21,440

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 28, 2025:

(share units)			Restricted Share Units outstanding						Performance Share Units outstanding						Ordinary Shares available for future grant
2020 Plan			270,488						120,916						1,587,166
2017 Inducement Plan			—						—						111,347
Total			270,488						120,916						1,698,513

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 28, 2024			306,660						$	129.01
Granted			111,922						$	259.19
Vested			(132,797)						$	118.43
Forfeited			(15,297)						$	165.48
Balance as of March 28, 2025			270,488						$	186.00

			Number of Shares						Weighted- Average Grant Date Fair Value Per Share
Balance as of June 30, 2023			368,765						$	97.49
Granted			119,097						$	162.02
Vested			(161,927)						$	88.75
Forfeited			(14,370)						$	119.71
Balance as of March 29, 2024			311,565						$	125.67

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 28, 2024			171,078						$	135.31
Granted			46,980						$	261.84
Vested			(97,142)						$	117.35
Forfeited			—						$	—
Balance as of March 28, 2025			120,916						$	198.90

			Number of Shares						Weighted- Average Grant Date Fair Value Per Share
Balance as of June 30, 2023			204,016						$	108.81
Granted			73,936						$	158.91
Vested			(106,874)						101.05
Forfeited			—						$	—
Balance as of March 29, 2024			171,078						$	135.31

Shared-Based Payment, Summary of Fair Value Per Share Assumptions

The grant date fair value of the Warrant was estimated as of the issuance date using the following assumptions:

Expected dividend yield			—
Risk-free interest rate			3.8		%
Expected volatility			45.2		%
Expected term (in years)			7 years

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Tabular disclosure of share-based payment arrangement.

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