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Credit Facility
 9 Months Ended
Mar. 27, 2025
Debt Disclosure [Abstract]  
Credit Facility

Note 6 – Credit Facility

Our Amended and Restated Credit Agreement dated March 5, 2020 provides for a $117,500 senior secured revolving credit facility (the “Credit Facility”). The Credit Facility is secured by our accounts receivable and inventory.

On September 29, 2023, we entered into the Second Amendment to our Amended and Restated Credit Agreement which, among other things, increased the amount available to borrow under the Credit Facility to $150,000, extended the maturity date to September 29, 2028 and allows the Company to pay up to $100,000 in dividends per year, subject to meeting availability tests.

At March 27, 2025, we had $55,713 of available credit under the Credit Facility which reflects borrowings of $89,602 and reduced availability as a result of $4,685 in outstanding letters of credit. As of March 27, 2025, we were in compliance with all financial covenants under the Credit Facility.