XML 59 R42.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases (Tables) | 12 Months Ended
--- | ---
Jun. 29, 2024
Leases [Abstract] |
Lease, Cost | Lease expense and cash flow information related to our operating leases is as follows (in millions):
|  |  | June 29, 2024 |  | July 1, 2023
Operating lease costs(1) |  |  | $ | 12.9 |  |  | $ | 13.1 |
Cash paid for amounts included in the measurement of operating lease liabilities |  |  | $ | 14.1 |  |  | $ | 14.4 |
Operating ROU assets obtained in exchange for operating lease obligations |  |  | $ | 7.2 |  |  | $ | 7.0 |
Weighted-average remaining lease term |  |  | 6.3 years |  | 6.8 years
Weighted-average discount rate |  |  | 5.6 | % |  | 4.8 | %
(1) Total variable lease costs were immaterial during the fiscal years ended June 29, 2024 and July 1, 2023. The total operating costs were included in Cost of revenues, R&D and SG&A in the Consolidated Statements of Operations.
Lessee, Operating Lease, Liability, Maturity | Future minimum operating lease payments as of June 29, 2024 are as follows (in millions):
Fiscal Years |  |  |
2025 |  |  | $ | 10.2 |
2026 |  |  | 9.1 |
2027 |  |  | 6.9 |
2028 |  |  | 4.8 |
2029 |  |  | 3.3 |
Thereafter |  |  | 8.5 |
Total lease payments |  |  | 42.8 |
Less: Interest |  |  | (7.3) |
Present value of lease liabilities |  |  | $ | 35.5 |
Schedule of Asset Retirement Obligations | A summary of the activity in the ARO accrual is outlined below (in millions):
| Balance at Beginning of Period |  | Liabilities Incurred |  | Liabilities Settled |  | Accretion Expense |  |  |  | Balance at End of Period
Year ended June 29, 2024 | $ | 4.3 |  |  | $ | — |  |  | $ | (0.2) |  |  | $ | 0.1 |  |  |  |  | $ | 4.2 |
Year ended July 1, 2023 | $ | 4.2 |  |  | $ | 0.3 |  |  | $ | (0.3) |  |  | $ | 0.1 |  |  |  |  | $ | 4.3 |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount of a liability for asset retirement obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration