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Leases (Tables) | 3 Months Ended
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Sep. 26, 2021
Leases [Abstract] |
Schedule of Lease Assets and Liabilities | Lease assets and liabilities and the corresponding balance sheet classifications are as follows (in millions of U.S. Dollars):
Operating Leases: | September 26, 2021 |  | June 27, 2021
Right-of-use asset (1) | $13.3 |  |  | $12.1 |
Current lease liability (2) | 6.6 |  |  | 4.5 |
Non-current lease liability (3) | 6.4 |  |  | 7.5 |
Total operating lease liabilities | 13.0 |  |  | 12.0 |
Finance Leases: |  |  |
Finance lease assets (4) | $18.6 |  |  | $15.5 |
Current portion of finance lease liabilities | 8.7 |  |  | 5.2 |
Finance lease liabilities, less current portion | 9.9 |  |  | 10.0 |
Total finance lease liabilities | 18.6 |  |  | 15.2 |
(1) Within other assets on the consolidated balance sheets. (2) Within other current liabilities on the consolidated balance sheets. (3) Within other long-term liabilities on the consolidated balance sheets. (4) Within property and equipment, net on the consolidated balance sheets.
Schedule of Cash Flow Information | Cash flow information consisted of the following:
| Three months ended
(in millions of U.S. Dollars) | September 26, 2021 |  | September 27, 2020
Cash used in operating activities: |  |  |
Cash paid for operating leases | $1.6 |  |  | $1.3 |
Cash paid for interest portion of financing leases | 0.1 |  |  | 0.1 |
Cash used in financing activities: |  |  |
Cash paid for principal portion of finance leases | 0.1 |  |  | 0.1 |
Non-cash activities: |  |  |
Operating lease additions and modifications, net | 2.6 |  |  | 1.2 |
Finance lease additions | 3.5 |  |  | — |
Transfer of finance lease liability to accounts payable and accrued expenses (1) | — |  |  | 4.2 |
(1) In the first quarter of fiscal 2021, the Company executed the available bargain purchase option for certain finance leases relating to property and equipment, net, in order to purchase the assets.
| Operating Leases | Finance Leases
Weighted average remaining lease term (in months) (1) | 27 | 353
Weighted average discount rate (2) | 2.54 | % | 2.26 | %
(1) Weighted average remaining lease term of finance leases without the 49-year ground lease is 24 months. (2) Weighted average discount rate of finance leases without the 49-year ground lease is 1.78%.
Schedule of Maturities of Operating Lease Liabilities | Maturities of operating and finance lease liabilities as of September 26, 2021 were as follows (in millions of U.S. Dollars):
Fiscal Year Ending | Operating Leases | Finance Leases | Total
June 26, 2022 (remainder of fiscal 2022) | $5.7 |  | $8.8 |  | $14.5 |
June 25, 2023 | 3.6 |  | 0.7 |  | 4.3 |
June 30, 2024 | 2.2 |  | 0.7 |  | 2.9 |
June 29, 2025 | 1.2 |  | 0.7 |  | 1.9 |
June 28, 2026 | 0.7 |  | 0.7 |  | 1.4 |
Thereafter | 0.1 |  | 14.5 |  | 14.6 |
Total lease payments | 13.5 |  | 26.1 |  | 39.6 |
Imputed lease interest | (0.5) |  | (7.5) |  | (8.0) |
Total lease liabilities | $13.0 |  | $18.6 |  | $31.6 |
Schedule of Maturities of Finance Lease Liabilities | Maturities of operating and finance lease liabilities as of September 26, 2021 were as follows (in millions of U.S. Dollars):
Fiscal Year Ending | Operating Leases | Finance Leases | Total
June 26, 2022 (remainder of fiscal 2022) | $5.7 |  | $8.8 |  | $14.5 |
June 25, 2023 | 3.6 |  | 0.7 |  | 4.3 |
June 30, 2024 | 2.2 |  | 0.7 |  | 2.9 |
June 29, 2025 | 1.2 |  | 0.7 |  | 1.9 |
June 28, 2026 | 0.7 |  | 0.7 |  | 1.4 |
Thereafter | 0.1 |  | 14.5 |  | 14.6 |
Total lease payments | 13.5 |  | 26.1 |  | 39.6 |
Imputed lease interest | (0.5) |  | (7.5) |  | (8.0) |
Total lease liabilities | $13.0 |  | $18.6 |  | $31.6 |
Schedule of Future Minimum Rental Income | Future minimum rental income relating to the LED RELA is as follows (in millions of U.S. Dollars):
June 26, 2022 (remainder of fiscal 2022) | 2.7 |
June 25, 2023 | 2.4 |
Total future minimum rental income | 5.1 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
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