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Leases (Tables)
12 Months Ended
Jun. 27, 2024
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:

 

 

June 27,
2024

 

 

June 29,
2023

 

 

Affected Line Item in Consolidated
Balance Sheet

Assets

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

27,404

 

 

$

6,427

 

 

Operating lease right-of-use assets

Total lease right-of-use assets

 

$

27,404

 

 

$

6,427

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

Operating leases

 

$

2,623

 

 

$

1,729

 

 

Other accrued expenses

Noncurrent:

 

 

 

 

 

 

 

 

Operating leases

 

 

24,877

 

 

 

4,771

 

 

Long-term operating lease liabilities

Total lease liabilities

 

$

27,500

 

 

$

6,500

 

 

 

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:

 

 

Year Ended
June 27, 2024

 

 

Year Ended
June 29, 2023

 

 

Year Ended
June 30, 2022

 

Operating lease costs (a)

 

$

3,147

 

 

$

2,215

 

 

$

1,858

 

Variable lease costs (b)

 

 

(25

)

 

 

208

 

 

 

141

 

Total Lease Cost

 

$

3,122

 

 

$

2,423

 

 

$

1,999

 

 

(a)
Includes short-term leases which are immaterial.
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:

 

 

Year Ended
June 27,
2024

 

 

Year Ended
June 29,
2023

 

 

Year Ended
June 30,
2022

 

Operating cash flows information:

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in measurements for lease
   liabilities

 

$

2,636

 

 

$

1,804

 

 

$

1,565

 

Non-cash activity:

 

 

 

 

 

 

 

 

 

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

 

$

23,000

 

 

$

5,749

 

 

$

244

 

Summary of other information

 

June 27,
2024

 

 

June 29,
2023

 

Weighted Average Remaining Lease Term (in years)

 

 

6.6

 

 

 

4.4

 

Weighted Average Discount Rate

 

 

6.8

%

 

 

6.7

%

Summary of maturities of operating lease liabilities

Maturities of operating lease liabilities as of June 27, 2024 are as follows:

 

Fiscal Year Ending

 

 

 

June 26, 2025

 

$

3,835

 

June 25, 2026

 

 

5,407

 

June 24, 2027

 

 

5,520

 

June 29, 2028

 

 

5,409

 

June 28, 2029

 

 

4,498

 

Thereafter

 

 

10,107

 

Total lease payments

 

 

34,776

 

Less imputed interest

 

 

(7,276

)

Present value of operating lease liabilities

 

$

27,500

 

Summary of operating lease revenue

Leasing revenue is as follows:

 

 

Year Ended
June 27,
2024

 

 

Year Ended
June 29,
2023

 

 

Year Ended
June 30,
2022

 

Lease income related to lease payments

 

$

2,010

 

 

$

1,651

 

 

$

1,665

 

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 26, 2025

 

$

1,477

 

June 25, 2026

 

 

972

 

June 24, 2027

 

 

930

 

June 29, 2028

 

 

328

 

June 28, 2029

 

 

336

 

Thereafter

 

 

1,478

 

 

$

5,521