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Leases | 12 Months Ended
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Jul. 01, 2022
Leases [Abstract] |
Leases | Leases The Company enters into lease arrangements to facilitate its operations, including manufacturing, storage, as well as engineering, sales, marketing and administration resources. The Company measures its lease obligations in accordance with ASC 842, which requires lessees to record a ROU asset and lease liability for most lease arrangements. The Company adopted ASC 842 as of July 1, 2019 using the optional transition method and, as a result, there have been no reclassifications of prior comparable periods due to this adoption. Finance leases are not material to the Company's consolidated financial statements and therefore are excluded from the following disclosures. S UPPLEMENTAL B ALANCE S HEET I NFORMATION Supplemental operating lease balance sheet information is summarized as follows:
|  | As of |  | As of
|  | July 1, 2022 |  | July 2, 2021
Operating lease right-of-use assets, net |  | $ | 66,366 |  |  | $ | 66,373 |
Accrued expenses(1) |  | $ | 11,246 |  |  | $ | 10,020 |
Operating lease liabilities |  | 69,888 |  |  | 71,508 |
Total operating lease liabilities |  | $ | 81,134 |  |  | $ | 81,528 |
(1) The short term portion of the Operating lease liabilities is included within Accrued expenses on the Consolidated Balance Sheet. O THER S UPPLEMENTAL I NFORMATION Other supplemental operating lease information is summarized as follows:
|  | For the Fiscal Year Ended |  | For the Fiscal Year Ended
|  | July 1, 2022 |  | July 2, 2021
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 11,119 |  |  | $ | 7,923 |
Right-of-use assets obtained in exchange for new lease liabilities |  | $ | 10,502 |  |  | $ | 15,076 |
Weighted average remaining lease term |  | 7.6 years |  | 8.2 years
Weighted average discount rate |  | 4.58 | % |  | 4.66 | %
M ATURITIES OF L EASE C OMMITMENTS Maturities of operating lease commitments as of July 1, 2022 were as follows:
Fiscal Year |  | Totals
2023 |  | $ | 14,757 |
2024 |  | 13,696 |
2025 |  | 13,142 |
2026 |  | 11,127 |
2027 |  | 10,467 |
Thereafter |  | 34,315 |
Total lease payments |  | 97,504 |
Less: imputed interest |  | (16,370) |
Present value of operating lease liabilities |  | $ | 81,134 |
As previously disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended July 2, 2021, maturities of operating lease commitments were as follows:
Fiscal Year |  | Totals
2022 |  | $ | 13,626 |
2023 |  | 12,997 |
2024 |  | 12,137 |
2025 |  | 11,571 |
2026 |  | 9,682 |
Thereafter |  | 40,017 |
Total lease payments |  | 100,030 |
Less: imputed interest |  | (18,502) |
Present value of operating lease liabilities |  | $ | 81,528 |
During fiscal 2022, 2021 and 2020 the Company recognized operating lease expe nse of $14,332, $11,714 and $10,029 respectively. There were no material restrictions, covenants, sale and leaseback transactions, variable lease payments or residual value guarantees imposed by the Company's leases at July 1, 2022.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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