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Earnouts | 9 Months Ended
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Mar. 29, 2026
Earnouts [Abstract] |
Earnouts | Earnouts There were 11,417,982 and 11,418,291 unvested earnout shares outstanding as of March 29, 2026 and June 29, 2025, respectively. The outstanding unvested earnout shares will vest if the closing share price of Lucky Strike’s Class A common stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20 trading day period that occurs from December 15, 2021 through December 15, 2026. All but 33,500 earnout shares are classified as a liability and changes in the fair value of the earnout shares are recognized in the statement of operations. Those earnout shares not classified as a liability are classified as equity compensation to employees and recognized as compensation expense on a straight-line basis over the expected term or upon the contingency being met. See Note 11 - Fair Value of Financial Instruments for a summary of changes in the estimated fair value of the earnout shares for the periods ended March 29, 2026 and March 30, 2025.

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