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Leases

3 Months Ended

Sep. 27, 2025

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.

Lease expense and cash flow information related to our operating leases is as follows (in millions):


	Three Months Ended
	September 27, 2025			September 28, 2024

Operating lease costs(1)	$	3.3		$	3.3

Cash paid for amounts included in the measurement of operating lease liabilities	$	3.5		$	4.7
Operating ROU assets obtained in exchange for operating lease obligations	$	8.0		$	1.7

Weighted-average remaining lease term	5.9 years			6.1 years
Weighted-average discount rate	6.2		%	5.7		%

(1)Total variable lease costs were immaterial during the three months ended September 27, 2025 and September 28, 2024. The total operating lease costs were included in Cost of revenues, R&D, and SG&A in the Consolidated Statements of Operations.

Future minimum operating lease payments as of September 27, 2025 are as follows (in millions):


	Operating Leases
Remainder of 2026	$	7.9
Fiscal 2027	11.6
Fiscal 2028	8.9
Fiscal 2029	6.1
Fiscal 2030	3.8
Thereafter	9.4
Total lease payments	47.7
Less: Interest	(8.2)
Present value of lease liabilities	$	39.5