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Leases (Tables)

3 Months Ended

Sep. 25, 2022

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 25, 2022						June 26, 2022
Right-of-use asset (1)			$47.1						$48.5
Current lease liability (2)			4.5						4.6
Non-current lease liability (3)			43.0						43.6
Total operating lease liabilities			$47.5						$48.2
Finance Leases:
Finance lease assets (4)			$10.1						$10.3
Current portion of finance lease liabilities			0.4						0.5
Finance lease liabilities, less current portion			9.5						9.6
Total finance lease liabilities			$9.9						$10.1

(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 (1):

			Three months ended
(in millions of U.S. Dollars)			September 25, 2022						September 26, 2021
Cash used in operating activities:
Cash paid for operating leases			$1.6						$1.6
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			0.2						0.1

(1) See Note 5, "Financial Statement Details," for non-cash activities related to leases.

			Operating Leases			Finance Leases
Weighted average remaining lease term (in months) (1)			132			559
Weighted average discount rate (2)			4.24		%	2.68		%

(1) Weighted average remaining lease term of finance leases excluding the 49-year ground lease is 49 months.

(2) Weighted average discount rate of finance leases excluding the 49-year ground lease is 3.30%.

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating and finance lease liabilities as of September 25, 2022 were as follows (in millions of U.S. Dollars):

Fiscal Year Ending			Operating Leases			Finance Leases			Total
June 25, 2023 (remainder of fiscal 2023)			$4.1			$0.5			$4.6
June 30, 2024			7.4			0.7			8.1
June 29, 2025			8.0			0.7			8.7
June 28, 2026			7.9			0.7			8.6
June 27, 2027			6.8			0.4			7.2
Thereafter			53.6			14.2			67.8
Total lease payments			87.8			17.2			105.0
Future tenant improvement allowances			(18.9)			—			(18.9)
Imputed lease interest			(21.4)			(7.3)			(28.7)
Total lease liabilities			$47.5			$9.9			$57.4

Schedule of Maturities of Finance Lease Liabilities

Maturities of operating and finance lease liabilities as of September 25, 2022 were as follows (in millions of U.S. Dollars):

Fiscal Year Ending			Operating Leases			Finance Leases			Total
June 25, 2023 (remainder of fiscal 2023)			$4.1			$0.5			$4.6
June 30, 2024			7.4			0.7			8.1
June 29, 2025			8.0			0.7			8.7
June 28, 2026			7.9			0.7			8.6
June 27, 2027			6.8			0.4			7.2
Thereafter			53.6			14.2			67.8
Total lease payments			87.8			17.2			105.0
Future tenant improvement allowances			(18.9)			—			(18.9)
Imputed lease interest			(21.4)			(7.3)			(28.7)
Total lease liabilities			$47.5			$9.9			$57.4

X

- 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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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X

- 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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980

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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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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Assets and Liabilities, Lessee [Table Text Block]

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