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Leases | 9 Months Ended
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Apr. 01, 2023
Leases [Abstract] |
Leases | Note 12. Leases The Company is a lessee in several operating leases, primarily real estate facilities for office space. The Company's lease arrangements are comprised of operating leases with various expiration dates through March 31, 2042. The Company's leases do not contain any material residual value guarantees. For the three months ended April 1, 2023 and April 2, 2022, the total operating lease costs were $3.2 million and $3.5 million, respectively. For the nine months ended April 1, 2023 and April 2, 2022, the total operating lease costs were $9.7 million and $10.7 million, respectively. Total variable lease costs were immaterial during the three and nine months ended April 1, 2023 and April 2, 2022. The total operating costs were included in cost of revenues, R&D and SG&A in the Company’s Consolidated Statements of Operations. As of April 1, 2023, the weighted-average remaining lease term was 6.9 years, and the weighted-average discount rate was 4.7%. For the three months ended April 1, 2023 and April 2, 2022, cash paid for amounts included in the measurement of operating lease liabilities were $2.9 million and $3.8 million, respectively; and operating right-of-use (ROU) assets obtained in exchange of new operating lease liabilities were $0.9 million and $3.9 million, respectively. For the nine months ended April 1, 2023 and April 2, 2022, cash paid for amounts included in the measurement of operating lease liabilities were $11.1 million and $12.5 million, respectively; and operating ROU assets obtained in exchange of new operating lease liabilities were $3.9 million and $10.3 million, respectively. The balance sheet information related to the Company’s operating leases is as follows (in millions):
|  | April 1, 2023
Other non-current assets |  | $ | 40.5 |
Total operating ROU assets |  | $ | 40.5 |
Other current liabilities |  | $ | 10.1 |
Other non-current liabilities |  | 29.4 |
Total operating lease liabilities |  | $ | 39.5 |
Future minimum operating lease payments as of April 1, 2023 are as follows (in millions):
Fiscal Years |  |  | Operating Leases
Remainder of 2023 |  |  | $ | 1.8 |
2024 |  |  | 11.0 |
2025 |  |  | 8.7 |
2026 |  |  | 6.5 |
2027 |  |  | 5.1 |
Thereafter |  |  | 13.2 |
Total lease payments |  |  | 46.3 |
Less: Interest |  |  | (6.8) |
Present value of lease liabilities |  |  | $ | 39.5 |

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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