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Stock-Based Compensation Plans (Tables)

12 Months Ended

Jun. 27, 2024

Share-Based Payment Arrangement [Abstract]

Summary of RSU Activity

The following is a summary of RSU and PSU activity for the year ended June 27, 2024:

Restricted Stock Units		Shares				Weighted- Average Grant-Date Fair Value
Outstanding at June 29, 2023			155,012			$	67.87
Granted (a)			56,168			$	85.55
Vested (b)			(55,085	)		$	69.68
Forfeited			(621	)		$	72.58
Outstanding at June 27, 2024			155,474			$	73.60

(a)Includes 8,031 PSUs (based on reaching target performance) with performance conditions for which the performance criteria had yet to be achieved. The PSUs vest three years from the grant date, with the number of shares earned (ranging from 0% to 200% of the target award) depending on the extent to which we achieve certain performance metrics measured over a three-year period. The final number of shares that will eventually be earned and vest (if any) has not yet been determined as of June 27, 2024.

(b)The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy statutory tax withholding requirements.

Summary of Compensation Cost and Income Tax Benefit

The following table summarizes compensation cost charged to earnings for all equity compensation plans and the total income tax benefit recognized for the last three fiscal years:

		Year Ended June 27, 2024				Year Ended June 29, 2023				Year Ended June 30, 2022
Compensation cost charged to earnings		$	4,389			$	3,565			$	3,565
Income tax benefit recognized			1,097				891				891

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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