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Revenue Recognition
 9 Months Ended
Mar. 28, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Contract Balances, Performance Obligations, and Backlog

(In thousands)
March 28,
2025		June 28,
2024
Contract assets
Accounts receivable, net$178,036 $158,013 
Unbilled receivables
101,406 90,525 
Capitalized commissions3,745 3,269 
Contract liabilities
Advance payments and unearned revenue$85,658 $58,839 
Unearned revenue, long-term7,670 7,413 
Significant changes in contract balances may arise as a result of recognition over time for services, transfer of control for equipment, and periodic payments (both in arrears and in advance).
From time to time, the Company may experience unforeseen events that could result in a change to the scope or price associated with an arrangement. When such events occur, the transaction price and measurement of progress for the performance obligation are updated and this change is recognized as a cumulative catch-up to revenue. Because of the nature and type of contracts, the timeframe to completion and satisfaction of current and future performance obligations can shift; however, this will have no impact on the Company’s future obligation to bill and collect.
As of March 28, 2025, the Company reported $93.3 million in advance payments and unearned revenue and long-term unearned revenue, of which approximately 70% is expected to be recognized as revenue in the next twelve months and the remainder thereafter. Approximately $10.4 million and $43.6 million of revenue was recognized during the three and nine months ended March 28, 2025, respectively, which was included in advance payments and unearned revenue at June 28, 2024.
Remaining Performance Obligations
The aggregate amount of transaction price allocated to unsatisfied (or partially unsatisfied) performance obligations was approximately $149.6 million at March 28, 2025 relating to our long-term field service projects. Of this amount, approximately 50% is expected to be recognized as revenue during the next 12 months, with the remaining amount to be recognized thereafter.