XML 30 R17.htm IDEA: XBRL DOCUMENT v3.25.2
Leases
12 Months Ended
Jun. 28, 2025
Leases [Abstract]  
Leases Leases
We have operating leases for our headquarters office and research and development facilities. Certain of these leases have 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. During fiscal 2025 and 2024, we recorded $12.7 million and $11.8 million of operating leases expense, respectively. Our short-term leases are immaterial.
Components of leases were as follows:
20252024
Operating lease right-of-use assets$45.2 $46.8 
Operating lease liabilities$12.3 $11.5 
Operating lease liabilities, long-term35.8 37.9 
Total operating lease liabilities$48.1 $49.4 
Supplemental cash flow information related to leases was as follows:
20252024
Cash paid for operating leases included in operating cash flows$14.5 $11.2 
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets$9.8 $7.4 
As of the end of fiscal 2025, the weighted average remaining lease term was 5.73 years and the weighted average discount rate was 5.24%.
As of the end of fiscal 2025, future minimum lease payments for operating lease liabilities were as follows:
Fiscal YearOperating
Lease
Payments
2026$14.0 
202710.1 
20288.3 
20297.4 
20303.9 
Thereafter11.9 
Total future minimum operating lease payments55.6 
Less: interest(7.5)
Total lease liabilities$48.1