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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, 2025June 30, 2024July 2, 2023
(in thousands)
Stock options$4,729 $4,422 $2,536 
Restricted stock awards7,162 6,266 5,798 
Total11,891 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, 2025June 30, 2024July 2, 2023
(in thousands)
Marketing and sales$5,470 $4,916 $3,818 
Technology and development951 855 698 
General and administrative5,470 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, 2025June 30, 2024July 2, 2023
Weighted average fair value of options granted$3.25$6.09$5.13
Expected volatility58%56%52%
Expected life (in years)777.5
Risk-free interest rate4.3%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:
OptionsWeighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(in years)(in thousands)
Outstanding beginning of period3,185,537$9.07 
Granted460,972$5.24 
Exercised(32,743)$8.59 
Forfeited/Expired(284,048)$8.59 
Outstanding end of period3,329,718$8.59 7.93$— 
Exercisable at June 29, 20251,497,253$8.80 7.28$— 
Schedule of Nonvested Restricted Stock Activity
The following table summarizes the activity of non-vested restricted stock during the year ended June 29, 2025:
SharesWeighted
Average
Grant Date
Fair Value
Non-vested – beginning of period1,704,449$12.09 
Granted1,839,476$7.74 
Vested(645,090)$10.56 
Forfeited(788,179)$8.86 
Non-vested - end of period2,110,656$9.98