Leases (Tables)

6 Months Ended

Dec. 29, 2022

The following table provides supplemental information related to operating lease

right-of-use

assets and liabilities:


	December 29, 2022		June 30, 2022		December 23, 2021		Affected Line Item in Consolidated Balance Sheet
Assets

Operating lease right-of-use assets	$	2,593	$	2,303	$	2,852		Operating lease right-of-use assets

Total lease right-of-use assets	$	2,593	$	2,303	$	2,852

Liabilities
Current:
Operating leases	$	1,166	$	1,258	$	1,392		Other accrued expenses
Noncurrent:
Operating leases		1,472		1,076		1,504		Long-term operating lease liabilities

Total lease liabilities	$	2,638	$	2,334	$	2,896

The following tables summarize the Company’s total lease costs and other information arising from operating lease transactions:


	For the Quarter Ended				For the Twenty-Six Weeks Ended
	December 29, 2022		December 23, 2021		December 29, 2022		December 23, 2021

Operating lease costs (a)	$	541	$	470	$	1,015	$	914
Variable lease costs (b)		58		19		115		36

Total lease cost	$	599	$	489	$	1,130	$	950

(a)

Includes short-term leases which are immaterial.

(b)

Variable lease costs consist of sales tax and lease overtime charges.

Supplemental cash flow and other information related to leases was as follows:


	For the Twenty-Six Weeks Ended
	December 29, 2022		December 23, 2021

Operating cash flows information:
Cash paid for amounts included in measurements for lease liabilities	$	807	$	794
Non-cash activity:
Right-of-use assets obtained in exchange for new operating lease obligations	$	1,049	$	89


	December 29, 2022			June 30, 2022			December 23, 2021
Weighted average remaining lease term (in years)		3.0			2.3			2.5
Weighted average discount rate		5.2	%		4.3	%		4.2	%

Maturities of operating lease liabilities as of December 29, 2022 are as follows:


Fiscal Year Ending

June 29, 2023 (excluding the twenty-six weeks ended December 29, 2022)	$	738
June 27, 2024		936
June 26, 2025		560
June 25, 2026		372
June 24, 2027		192
June 29, 2028		65
Thereafter		—

Total lease payment		2,863
Less imputed interest		(225	)

Present value of operating lease liabilities	$	2,638

Leasing revenue is as follows:


	For the Quarter Ended				For the Twenty-Six Weeks Ended
	December 29, 2022		December 23, 2021		December 29, 2022		December 23, 2021
Lease income related to lease payments	$	403	$	408	$	805	$	818

The future minimum, undiscounted fixed cash flows under

non-cancelable

tenant operating leases for each of the next five years are as follows:


Fiscal Year Ending
June 29, 2023 (excluding the twenty-six weeks ended December 29, 2022)	$	927
June 27, 2024		1,869
June 26, 2025		1,282
June 25, 2026		697
June 24, 2027		614
June 29, 2028		—

	$	5,389