XML 77 R43.htm IDEA: XBRL DOCUMENT
v3.25.2

Stock Based Compensation (Tables) | 12 Months Ended
--- | ---
Jun. 29, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Payment Compensation Expense | The amounts of stock-based compensation expense recognized within operating income (1) in the periods presented are as follows:
| Years Ended
| June 29, 2025 |  | June 30, 2024 |  | July 2, 2023
| (in thousands)
Stock options | $ | 4,729 |  |  | $ | 4,422 |  |  | $ | 2,536 |
Restricted stock awards | 7,162 |  |  | 6,266 |  |  | 5,798 |
Total | 11,891 |  |  | 10,688 |  |  | 8,334 |
(1)Stock-based compensation expense has not been allocated among business segments, but is reflected as part of Corporate overhead (See Note 17 - Business Segments for details).
Schedule of Stock-Based Payment Compensation Expense by Operating Expense Line Item | Stock-based compensation expense is recorded within the following line items of operating expenses:
| Years Ended
| June 29, 2025 |  | June 30, 2024 |  | July 2, 2023
| (in thousands)
Marketing and sales | $ | 5,470 |  |  | $ | 4,916 |  |  | $ | 3,818 |
Technology and development | 951 |  |  | 855 |  |  | 698 |
General and administrative | 5,470 |  |  | 4,917 |  |  | 3,818 |
Total | $ | 11,891 |  |  | $ | 10,688 |  |  | $ | 8,334 |
Schedule of Valuation Assumptions for Stock Options | The weighted average fair value of stock options on the date of grant, and the assumptions used to estimate the fair value of the stock options using the Black-Scholes option valuation model, were as follows:
| Years Ended
| June 29, 2025 |  | June 30, 2024 |  | July 2, 2023
Weighted average fair value of options granted | $3.25 |  | $6.09 |  | $5.13
Expected volatility | 58% |  | 56% |  | 52%
Expected life (in years) | 7 |  | 7 |  | 7.5
Risk-free interest rate | 4.3% |  | 3.9% |  | 4.3%
Expected dividend yield | —% |  | —% |  | —%
Schedule of Stock Option Activity | The following table summarizes stock option activity during the year ended June 29, 2025:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
|  |  |  |  | (in years) |  | (in thousands)
Outstanding beginning of period | 3,185,537 |  | $ | 9.07 |  |  |  |  |
Granted | 460,972 |  | $ | 5.24 |  |  |  |  |
Exercised | (32,743) |  | $ | 8.59 |  |  |  |  |
Forfeited/Expired | (284,048) |  | $ | 8.59 |  |  |  |  |
Outstanding end of period | 3,329,718 |  | $ | 8.59 |  |  | 7.93 |  | $ | — |
Exercisable at June 29, 2025 | 1,497,253 |  | $ | 8.80 |  |  | 7.28 |  | $ | — |
Schedule of Nonvested Restricted Stock Activity | The following table summarizes the activity of non-vested restricted stock during the year ended June 29, 2025:
| Shares |  | Weighted Average Grant Date Fair Value
Non-vested – beginning of period | 1,704,449 |  | $ | 12.09 |
Granted | 1,839,476 |  | $ | 7.74 |
Vested | (645,090) |  | $ | 10.56 |
Forfeited | (788,179) |  | $ | 8.86 |
Non-vested - end of period | 2,110,656 |  | $ | 9.98 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration