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Leases (Tables)
 3 Months Ended
Sep. 28, 2023
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 28,
2023

 

 

June 29,
2023

 

 

September 29,
2022

 

 

Affected Line Item in Consolidated Balance Sheets

Assets

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

$

6,845

 

 

$

6,427

 

 

$

2,430

 

 

Operating lease right-of-use assets

Total lease right-of-use assets

$

6,845

 

 

$

6,427

 

 

$

2,430

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

Operating leases

$

1,775

 

 

$

1,729

 

 

$

1,215

 

 

Other accrued expenses

Noncurrent:

 

 

 

 

 

 

 

 

 

 

Operating leases

 

5,136

 

 

 

4,771

 

 

 

1,242

 

 

Long-term operating lease liabilities

Total lease liabilities

$

6,911

 

 

$

6,500

 

 

$

2,457

 

 

 
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 28,
2023

 

 

September 29,
2022

 

Operating lease costs (a)

 

$

670

 

 

$

474

 

Variable lease costs (b)

 

 

(174

)

 

 

57

 

Total lease cost

 

$

496

 

 

$

531

 

 

(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 28,
2023

 

 

September 29,
2022

 

Operating cash flows information:

 

 

 

 

 

 

Cash paid for amounts included in measurements for lease liabilities

 

$

578

 

 

$

402

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease obligations

 

$

860

 

 

$

496

 
Summary of other information

 

September 28,
2023

 

 

June 29,
2023

 

 

September 29,
2022

 

Weighted average remaining lease term (in years)

 

 

4.4

 

 

 

4.4

 

 

 

2.5

 

Weighted average discount rate

 

 

6.8

%

 

 

6.7

%

 

 

4.6

%

 

 
Summary of maturities of operating lease liabilities

Maturities of operating lease liabilities as of September 28, 2023 are as follows:

 

Fiscal Year Ending

 

 

 

June 27, 2024 (excluding the quarter ended September 28, 2023)

 

$

1,709

 

June 26, 2025

 

 

1,827

 

June 25, 2026

 

 

1,622

 

June 24, 2027

 

 

1,372

 

June 29, 2028

 

 

1,210

 

June 28, 2029

 

 

252

 

Thereafter

 

 

—

 

Total lease payment

 

 

7,992

 

Less imputed interest

 

 

(1,081

)

Present value of operating lease liabilities

 

$

6,911

 
Summary of operating lease revenue

 

For the Quarter Ended

 

 

September 28,
2023

 

 

September 29,
2022

 

Lease income related to lease payments

 

$

444

 

 

$

402

 
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 are as follows:

 

Fiscal Year Ending

 

 

 

June 27, 2024 (excluding the quarter ended September 28, 2023)

 

$

1,543

 

June 26, 2025

 

 

1,477

 

June 25, 2026

 

 

972

 

June 24, 2027

 

 

930

 

June 29, 2028

 

 

328

 

June 28, 2029

 

 

336

 

Thereafter

 

 

1,478

 

 

$

7,064