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Leases (Tables)
 3 Months Ended
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, 2021June 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 liabilities13.0 12.0 
Finance Leases:
Finance lease assets (4)
$18.6 $15.5 
Current portion of finance lease liabilities8.7 5.2 
Finance lease liabilities, less current portion9.9 10.0 
Total finance lease liabilities18.6 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, 2021September 27, 2020
Cash used in operating activities:
Cash paid for operating leases$1.6 $1.3 
Cash paid for interest portion of financing leases0.1 0.1 
Cash used in financing activities:
Cash paid for principal portion of finance leases0.1 0.1 
Non-cash activities:
Operating lease additions and modifications, net2.6 1.2 
Finance lease additions3.5 — 
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 LeasesFinance Leases
Weighted average remaining lease term (in months) (1)
27353
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 EndingOperating LeasesFinance LeasesTotal
June 26, 2022 (remainder of fiscal 2022)$5.7 $8.8 $14.5 
June 25, 20233.6 0.7 4.3 
June 30, 20242.2 0.7 2.9 
June 29, 20251.2 0.7 1.9 
June 28, 20260.7 0.7 1.4 
Thereafter0.1 14.5 14.6 
Total lease payments13.5 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 EndingOperating LeasesFinance LeasesTotal
June 26, 2022 (remainder of fiscal 2022)$5.7 $8.8 $14.5 
June 25, 20233.6 0.7 4.3 
June 30, 20242.2 0.7 2.9 
June 29, 20251.2 0.7 1.9 
June 28, 20260.7 0.7 1.4 
Thereafter0.1 14.5 14.6 
Total lease payments13.5 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, 20232.4 
Total future minimum rental income5.1