XML 39 R5.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jul. 02, 2023
Income Statement [Abstract]      
Net revenues $ 1,685,658 $ 1,831,421 $ 2,017,853
Cost of revenues (excludes depreciation and amortization) 1,033,386 1,096,668 1,260,327
Gross profit 652,272 734,753 757,526
Operating expenses:      
Marketing and sales 480,439 485,016 500,840
Technology and development 62,279 60,235 60,691
General and administrative 116,926 118,060 112,747
Depreciation and amortization 53,618 53,752 53,673
Goodwill impairment 119,023 0 62,287
Intangible impairment 24,800 19,762 2,299
Total operating expenses 857,085 736,825 792,537
Operating loss (204,813) (2,072) (35,011)
Interest income (3,380) (6,680) (3,104)
Interest expense 15,438 17,303 14,050
Other expense (income), net (3,514) (6,793) 805
Loss before income taxes (213,357) (5,902) (46,762)
Income tax (benefit) expense (13,364) 203 (2,060)
Net loss (199,993) (6,105) (44,702)
Other comprehensive (loss) income - currency translation (13) 43 41
Comprehensive loss $ (200,006) $ (6,062) $ (44,661)
Basic net loss per common share (in dollars per share) $ (3.13) $ (0.09) $ (0.69)
Diluted net loss per common share (in dollars per share) $ (3.13) $ (0.09) $ (0.69)
Weighted average shares used in the calculation of net loss per common share:      
Basic (in shares) 63,807 64,586 64,688
Diluted (in shares) 63,807 64,586 64,688