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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

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- References

No definition available.

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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

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- 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

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