XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.23.1

Leases | 9 Months Ended
--- | ---
Mar. 25, 2023
Leases [Abstract] |
Leases | . Leases Our leases mainly include our worldwide office and research and development facilities which are all classified as operating leases. Certain leases include renewal options that are under our discretion. The leases expire at various dates through fiscal 2034, some of which include options to extend the lease for up to seven years. For the nine months ended March 2023 and March 2022, we recorded approximately $9.1 million in each period of operating leases expense. Our short-term leases are immaterial. As of March 2023 and June 2022, the components of leases are as follows (in millions):
|  | March |  |  | June |
|  | 2023 |  |  | 2022 |
Operating lease right-of-use assets |  | $ | 51.2 |  |  | $ | 61.2 |
Operating lease liabilities |  | $ | 9.4 |  |  | $ | 7.6 |
Operating lease liabilities, long-term |  |  | 44.0 |  |  |  | 51.5 |
Total operating lease liabilities |  | $ | 53.4 |  |  | $ | 59.1 |
Supplemental cash flow information related to leases, including from acquisitions, is as follows (in millions):
|  | Nine Months Ended |
|  | March |
|  | 2023 |  |  | 2022 |
Cash paid for operating leases included in operating cash flows |  | $ | 7.0 |  |  | $ | 9.1 |
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets |  | $ | 7.2 |  |  | $ | 39.4 |
As of March 2023, the weighted average remaining lease term is 7.5 years, and the weighted average discount rate is 5.1%. Future minimum lease payments for the operating lease liabilities are as follows (in millions):
|  | Operating |
|  | Lease |
Fiscal Year |  | Payments |
Remainder of 2023 |  | $ | 1.9 |
2024 |  |  | 11.3 |
2025 |  |  | 9.9 |
2026 |  |  | 8.4 |
2027 |  |  | 7.3 |
Thereafter |  |  | 25.9 |
Total future minimum operating lease payments |  |  | 64.7 |
Less: interest |  |  | (11.3 | )
Total lease liabilities |  | $ | 53.4 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration