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Stock-Based Compensation (Tables) | 12 Months Ended
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Jun. 28, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Nonvested Restricted Stock |
| Non-Vested Restricted Stock Awards
| Number of Shares |  | Weighted Average Grant Date Fair Value
Outstanding at July 1, 2022 | 2,305 |  |  | $ | 57.47 |
Granted | 298 |  |  | 51.90 |
Vested | (738) |  |  | 60.89 |
Forfeited | (526) |  |  | 55.66 |
Outstanding at June 30, 2023 | 1,339 |  |  | $ | 54.45 |
Granted | 1,334 |  |  | 36.38 |
Vested | (476) |  |  | 56.04 |
Forfeited | (671) |  |  | 47.14 |
Outstanding at June 28, 2024 | 1,526 |  |  | $ | 41.35 |
Stock Based Compensation Expenses | The following table presents share-based compensation expenses from continuing operations included in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income:
| Fiscal Years Ended
| June 28, 2024 |  | June 30, 2023 |  | July 1, 2022
Cost of revenues | $ | 2,919 |  |  | $ | 2,926 |  |  | $ | 2,161 |
Selling, general and administrative | 16,936 |  |  | 18,335 |  |  | 30,116 |
Research and development | 5,814 |  |  | 6,492 |  |  | 6,016 |
Stock-based compensation expense before tax | 25,669 |  |  | 27,753 |  |  | 38,293 |
Income taxes | (6,931) |  |  | (7,216) |  |  | (10,339) |
Stock-based compensation expense, net of income taxes | $ | 18,738 |  |  | $ | 20,537 |  |  | $ | 27,954 |
Summary of Stock Option Plans | The following table summarizes activity of the Company's stock option plans since July 1, 2022:
| Options Outstanding
| Number of Shares |  | Weighted Average Grant Date Fair Value |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value as of 6/28/2024
Granted | 934 |  |  | $ | 12.71 |  |  | $ | 45.00 |  |  |  |  |
Exercised | — |  |  |  |  | $ | — |  |  |  |  |
Cancelled | — |  |  |  |  | $ | — |  |  |  |  |
Outstanding at June 28, 2024 | 934 |  |  | $ | 12.71 |  |  | $ | 45.00 |  |  | 3.69 years |  | $ | — |
Exercisable at June 28, 2024 | — |  |  | $ | — |  |  | $ | — |  |  | — |  |  | $ | — |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The Company calculated the fair values of the options grants using the following weighted-average assumptions:
|  | Fiscal Year Ended
|  | June 28, 2024
Expected volatility |  | 45 | %
Expected term |  | 4 years
Risk-free interest rate |  | 4.44 | %
Expected dividend yield |  | — | %
Weighted-average grant date fair value per share |  | $ | 12.71 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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