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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jun. 27, 2021
Net revenues $ 2,017,853 $ 2,207,885 $ 2,122,245
Cost of revenues 1,260,327 1,386,147 1,225,816
Gross profit 757,526 821,738 896,429
Operating expenses:      
Marketing and sales 500,840 571,661 533,268
Technology and development 60,691 56,561 54,428
General and administrative 112,747 102,337 117,136
Depreciation and amortization 53,673 49,078 42,510
Goodwill and intangible impairment 64,586 0 0
Total operating expenses 792,537 779,637 747,342
Operating income (loss) (35,011) 42,101 149,087
Interest expense, net 10,946 5,667 5,860
Other expense (income), net 805 5,332 (5,888)
Income (loss) before income taxes (46,762) 31,102 149,115
Income tax (benefit) expense (2,060) 1,492 30,463
Net income (loss) (44,702) 29,610 118,652
Other comprehensive income (loss) (currency translation) 41 107 (75)
Comprehensive income (loss) $ (44,661) $ 29,717 $ 118,577
Basic net income (loss) per common share (in dollars per share) $ (0.69) $ 0.46 $ 1.83
Diluted net income (loss) per common share (in dollars per share) $ (0.69) $ 0.45 $ 1.78
Weighted average shares used in the calculation of net income (loss) per common share:      
Basic (in shares) 64,688 64,977 64,739
Diluted (in shares) 64,688 65,617 66,546