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Leases (Tables)
9 Months Ended
Mar. 27, 2025
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:

 

March 27,
2025

 

 

June 27,
2024

 

 

March 28,
2024

 

 

Affected Line Item in Consolidated Balance Sheets

Assets

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

$

28,871

 

 

$

27,404

 

 

$

7,409

 

 

Operating lease right-of-use assets

Total lease right-of-use assets

$

28,871

 

 

$

27,404

 

 

$

7,409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

Operating leases

$

4,537

 

 

$

2,623

 

 

$

1,872

 

 

Other accrued expenses

Noncurrent:

 

 

 

 

 

 

 

 

 

 

Operating leases

 

25,304

 

 

 

24,877

 

 

 

5,553

 

 

Long-term operating lease liabilities

Total lease liabilities

$

29,841

 

 

$

27,500

 

 

$

7,425

 

 

 

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 Thirty-Nine Weeks Ended

 

 

March 27,
2025

 

 

March 28,
2024

 

 

March 27,
2025

 

 

March 28,
2024

 

Operating lease costs (a)

 

$

1,833

 

 

$

847

 

 

$

5,546

 

 

$

2,236

 

Variable lease costs (b)

 

 

627

 

 

 

34

 

 

 

933

 

 

 

(107

)

Total lease cost

 

$

2,460

 

 

$

881

 

 

$

6,479

 

 

$

2,129

 

 

(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 Thirty-Nine Weeks Ended

 

 

March 27,
2025

 

 

March 28,
2024

 

Operating cash flows information:

 

 

 

 

 

 

Cash paid for amounts included in measurements for lease liabilities

 

$

4,166

 

 

$

1,827

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

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

 

$

4,812

 

 

$

2,350

 

Summary of other information

 

March 27,
2025

 

 

June 27,
2024

 

 

March 28,
2024

 

Weighted average remaining lease term (in years)

 

 

5.9

 

 

 

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 March 27, 2025 are as follows:

 

Fiscal Year Ending

 

 

 

June 26, 2025 (excluding the thirty-nine weeks ended March 27, 2025)

 

$

1,795

 

June 25, 2026

 

 

6,183

 

June 24, 2027

 

 

6,261

 

June 29, 2028

 

 

6,115

 

June 28, 2029

 

 

5,198

 

June 27, 2030

 

 

4,237

 

Thereafter

 

 

6,479

 

Total lease payments

 

 

36,268

 

Less imputed interest

 

 

(6,427

)

Present value of operating lease liabilities

 

$

29,841

 

Summary of operating lease revenue

Leasing revenue is as follows:

 

 

For the Quarter Ended

 

 

For the Thirty-Nine Weeks Ended

 

 

March 27,
2025

 

 

March 28,
2024

 

 

March 27,
2025

 

 

March 28,
2024

 

Lease income related to lease payments

 

$

228

 

 

$

490

 

 

$

1,185

 

 

$

1,467

 

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 thirty-nine weeks ended March 27, 2025)

 

$

249

 

June 25, 2026

 

 

1,151

 

June 24, 2027

 

 

1,168

 

June 29, 2028

 

 

582

 

June 28, 2029

 

 

531

 

June 27, 2030

 

 

544

 

Thereafter

 

 

2,328

 

 

$

6,553