XML 36 R25.htm IDEA: XBRL DOCUMENT v3.22.2.2
Leases (Tables)
3 Months Ended
Sep. 29, 2022
Leases [Abstract]  
Supplemental information related to operating lease right-of-use assets and liabilities
The following table provides supplemental information related to operating lease
right-of-use
assets and liabilities:
 
    
September 29,
2022
    
June 30,
2022
    
September 23,
2021
    
Affected Line Item in
Consolidated Balance Sheet
Assets
                               
Operating lease
right-of-use
assets
   $ 2,430      $ 2,303      $ 3,171     
Operating lease
right-of-use
assets
    
 
 
    
 
 
    
 
 
      
Total lease
right-of-use
assets
   $ 2,430      $ 2,303      $ 3,171       
    
 
 
    
 
 
    
 
 
      
Liabilities
                               
Current:
                               
Operating leases
   $ 1,215      $ 1,258      $ 1,412     
Other accrued expenses
Noncurrent:
                               
Operating leases
     1,242        1,076        1,804     
Long-term operating lease liabilities
    
 
 
    
 
 
    
 
 
      
Total lease liabilities
   $ 2,457      $ 2,334      $ 3,216       
    
 
 
    
 
 
    
 
 
      
Summary of company's total lease costs and other information arising from operating lease transactions
The following tables summarize the Company’s total lease costs and other information arising from operating lease transactions:
 
    
For the Quarter Ended
 
    
September 29,

2022
    
September 23,

2021
 
Operating lease costs
(a)
   $ 474      $ 444  
Variable lease costs
(b)
     57        17  
    
 
 
    
 
 
 
Total lease cost
   $ 531      $ 461  
    
 
 
    
 
 
 
 
(a)
 
Includes short-term leases which are immaterial.
(b)
 
Variable lease costs consist of sales tax and lease overtime charges.
 
Summary of Supplemental cash flow and other information related to leases
Supplemental cash flow and other information related to leases was as follows:
 
 
  
For the Quarter Ended
 
 
  
September 29,

2022
 
  
September 23,

2021
 
Operating cash flows information:
  
  
Cash paid for amounts included in measurements for lease liabilities
   $ 402      $ 397  
 
 
 
 
 
 
 
 
 
Non-cash
activity:
                 
Right-of-use
assets obtained in exchange for new operating lease obligations
   $ 496      $ 45  
Summary of other information
 
  
September 29,
2022
 
 
June 30,

2022
 
 
September 23,
2021
 
Weighted average remaining lease term (in years)
     2.5       2.3       2.6  
Weighted average discount rate
     4.6     4.3     4.2
Summary of maturities of operating lease liabilities
Maturities of operating lease liabilities as of September 29, 2022 are as follows:
 

Fiscal Year Ending
  
 
 
June 29, 2023 (excluding the quarter ended September 29, 2022)
   $ 1,055  
June 27, 2024
     808  
June 26, 2025
     432  
June 25, 2026
     244  
June 24, 2027
     65  
June 29, 2028
     3  
Thereafter
      
    
 
 
 
Total lease payments
     2,607  
Less imputed interest
     (150
    
 
 
 
Present value of operating lease liabilities
   $ 2,457  
    
 
 
 
Summary of operating lease revenue
Leasing revenue is as follows:
 
    
For the Quarter Ended
 
    
September 29,
2022
    
September 23,
2021
 
Lease income related to lease payments
   $ 402      $ 410  
 
Undiscounted fixed lease consideration under non-cancelable tenant operating leases
The future minimum, undiscounted fixed cash flows under
non-cancelable
tenant operating leases for each of the next five years and thereafter is presented below.
 

Fiscal Year Ending
  
 
 
June 29, 2023 (excluding the quarter ended September 29, 2022)
   $ 1,348  
June 27, 2024
     1,818  
June 26, 2025
     1,228  
June 25, 2026
     670  
June 24, 2027
     614  
June 29, 2028
      
    
 
 
 
Total
   $ 5,678