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SHAREHOLDERS' DEFICIT | 6 Months Ended
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Dec. 27, 2023
Stockholders' Equity Note [Abstract] |
Shareholders' Deficit | Retirement of Common Stock During the first quarter of fiscal 2023, the Board of Directors approved the retirement of 10.0 million shares of Treasury stock for a weighted average price per share of $30.71. As of December 27, 2023, 16.1 million shares remain in treasury. Share Repurchases Our Board of Directors approved a $300.0 million share repurchase program during fiscal 2022. Our share repurchase program is used to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards. We evaluate potential share repurchases under our plan based on several factors, including our cash position, share price, operational liquidity, proceeds from divestitures, borrowings and planned investment and financing needs. In the twenty-six week period ended December 27, 2023, we repurchased 0.8 million shares of our common stock for $25.1 million, including 0.7 million shares purchased for $21.0 million as part of our share repurchase program and 0.1 million shares purchased from team members to satisfy tax withholding obligations on the vesting of restricted shares. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan. As of December 27, 2023, approximately $183.0 million of share repurchase authorization remains under the current share repurchase program. Stock-based Compensation The following table presents the restricted share awards granted and related weighted average fair value per share amounts.
| Twenty-Six Week Periods Ended
| December 27, 2023 |  | December 28, 2022
Restricted share awards |  |  |
Restricted share awards granted | 0.6 |  |  | 0.7 |
Weighted average fair value per share | $ | 33.44 |  |  | $ | 29.48 |

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