XML 35 R24.htm IDEA: XBRL DOCUMENT

Leases (Tables)

6 Months Ended

Dec. 26, 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:


	December 26, 2024				June 27, 2024				December 28, 2023				Affected Line Item in Consolidated Balance Sheets
Assets
Operating lease right-of-use assets	$	29,019			$	27,404			$	6,867			Operating lease right-of-use assets
Total lease right-of-use assets	$	29,019			$	27,404			$	6,867

Liabilities
Current:
Operating leases	$	4,211			$	2,623			$	1,751			Other accrued expenses
Noncurrent:
Operating leases		25,754				24,877				5,141			Long-term operating lease liabilities
Total lease liabilities	$	29,965			$	27,500			$	6,892

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								For the Twenty-Six Weeks Ended
		December 26, 2024				December 28, 2023				December 26, 2024				December 28, 2023
Operating lease costs (a)		$	1,971			$	719			$	3,713			$	1,389
Variable lease costs (b)			134				33				306				(141	)
Total lease cost		$	2,105			$	752			$	4,019			$	1,248

(a)

Includes short-term leases which are immaterial.

(b)

Variable lease costs consist of property taxes, sales tax, insurance 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 Twenty-Six Weeks Ended
		December 26, 2024				December 28, 2023
Operating cash flows information:
Cash paid for amounts included in measurements for lease liabilities		$	2,246			$	1,210

Non-cash activity:
Right-of-use assets obtained in exchange for new operating lease obligations		$	3,800			$	1,320

Summary of other information


		December 26, 2024				June 27, 2024				December 28, 2023
Weighted average remaining lease term (in years)			6.1				6.6				4.2
Weighted average discount rate			6.7	%			6.8	%			6.9	%

Summary of maturities of operating lease liabilities

Maturities of operating lease liabilities as of December 26, 2024 are as follows:


Fiscal Year Ending
June 26, 2025 (excluding the twenty-six weeks ended December 26, 2024)		$	3,201
June 25, 2026			5,981
June 24, 2027			6,075
June 29, 2028			5,935
June 28, 2029			5,029
June 27, 2030			4,073
Thereafter			6,414
Total lease payments			36,708
Less imputed interest			(6,743	)
Present value of operating lease liabilities		$	29,965

Summary of operating lease revenue

Leasing revenue is as follows:


		For the Quarter Ended								For the Twenty-Six Weeks Ended
		December 26, 2024				December 28, 2023				December 26, 2024				December 28, 2023
Lease income related to lease payments		$	478			$	533			$	957			$	977

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 26, 2025 (excluding the twenty-six weeks ended December 26, 2024)		$	497
June 25, 2026			1,071
June 24, 2027			1,055
June 29, 2028			391
June 28, 2029			336
June 27, 2030			343
Thereafter			1,135
		$	4,828