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Balance Sheet Components | 9 Months Ended
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Mar. 28, 2025
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Components | Balance Sheet Components Cash, Cash equivalents, and Restricted cash The following provides a summary of cash, cash equivalents, and restricted cash reported within the unaudited condensed consolidated balance sheets that reconciles to the corresponding amount in the unaudited condensed consolidated statement of cash flows:
(In thousands) | March 28, 2025 |  | June 28, 2024
Cash and cash equivalents | $ | 49,429 |  |  | $ | 64,622 |
Restricted cash included in long-term other assets | 2,250 |  |  | 312 |
Total cash, cash equivalents, and restricted cash | $ | 51,679 |  |  | $ | 64,934 |
Inventories
(In thousands) | March 28, 2025 |  | June 28, 2024
Finished products | $ | 63,649 |  |  | $ | 44,890 |
Raw materials and supplies | 27,621 |  |  | 15,433 |
Customer service inventories | 1,888 |  |  | 1,944 |
Total inventories | $ | 93,158 |  |  | $ | 62,267 |
Consigned inventories included within raw materials and supplies | $ | 20,418 |  |  | $ | 11,456 |
The Company records charges to adjust inventories due to excess and obsolete inventory resulting from lower sales forecasts, product transitioning or discontinuance. The charges incurred during the three and nine months ended March 28, 2025 and March 29, 2024 were included in cost of product sales as follows:
| Three Months Ended |  | Nine Months Ended
(In thousands) | March 28, 2025 |  | March 29, 2024 |  | March 28, 2025 |  | March 29, 2024
Excess and obsolete inventory | $ | 565 |  |  | $ | 2,251 |  |  | $ | 1,178 |  |  | $ | 2,937 |
Customer service inventory write-downs | 215 |  |  | 153 |  |  | 678 |  |  | 652 |
Total charges | $ | 780 |  |  | $ | 2,404 |  |  | $ | 1,856 |  |  | $ | 3,589 |
Other Current Assets
(In thousands) | March 28, 2025 |  | June 28, 2024
Prepaid and other current assets | $ | 14,545 |  |  | $ | 13,559 |
Taxes | 12,246 |  |  | 8,623 |
Contract manufacturing assets | 7,784 |  |  | 4,894 |
Total other current assets | $ | 34,575 |  |  | $ | 27,076 |
Property, Plant and Equipment, net
(In thousands) | March 28, 2025 |  | June 28, 2024
Buildings and leasehold improvements | $ | 1,889 |  |  | $ | 1,302 |
Software and equipment | 78,960 |  |  | 69,898 |
Total property, plant and equipment, gross | 80,849 |  |  | 71,200 |
Less: accumulated depreciation | (65,216) |  |  | (61,720) |
Total property, plant and equipment, net | $ | 15,633 |  |  | $ | 9,480 |
Included in the total property, plant and equipment, gross were $7.7 million and $4.1 million of assets in progress which have not been placed in service as of March 28, 2025 and June 28, 2024, respectively. Depreciation expense related to property, plant and equipment, was as follows:
| Three Months Ended |  | Nine Months Ended
(In thousands) | March 28, 2025 |  | March 29, 2024 |  | March 28, 2025 |  | March 29, 2024
Depreciation | $ | 1,169 |  |  | $ | 1,004 |  |  | $ | 3,959 |  |  | $ | 3,077 |
Accrued Expenses
(In thousands) | March 28, 2025 |  | June 28, 2024
Taxes | $ | 13,065 |  |  | $ | 8,827 |
Compensation and benefits | 8,159 |  |  | 9,689 |
Project costs | 7,459 |  |  | 14,305 |
Warranties | 3,750 |  |  | 2,996 |
Professional fees | 1,509 |  |  | 1,286 |
Commissions | 1,293 |  |  | 1,538 |
Other | 5,290 |  |  | 3,507 |
Total accrued expenses | $ | 40,525 |  |  | $ | 42,148 |
The Company accrues for the estimated cost to repair or replace products under warranty. Changes in the warranty liability were as follows:
| Three Months Ended |  | Nine Months Ended
(In thousands) | March 28, 2025 |  | March 29, 2024 |  | March 28, 2025 |  | March 29, 2024
Balance as of the beginning of the period | $ | 3,926 |  |  | $ | 2,746 |  |  | $ | 2,996 |  |  | $ | 2,100 |
Warranty provision recorded during the period | 230 |  |  | 587 |  |  | 1,488 |  |  | 1,601 |
Assumed in acquisition | — |  |  | — |  |  | 406 |  |  | 446 |
Consumption during the period | (406) |  |  | (537) |  |  | (1,140) |  |  | (1,351) |
Balance as of the end of the period | $ | 3,750 |  |  | $ | 2,796 |  |  | $ | 3,750 |  |  | $ | 2,796 |
Advance Payments and Unearned Revenue
(In thousands) | March 28, 2025 |  | June 28, 2024
Advance payments | $ | 11,041 |  |  | $ | 8,517 |
Unearned revenue | 74,617 |  |  | 50,322 |
Total advance payments and unearned revenue | $ | 85,658 |  |  | $ | 58,839 |
Excluded from the balances above are $7.7 million and $7.4 million in long-term unearned revenue as of March 28, 2025 and June 28, 2024, respectively.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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