XML 47 R26.htm IDEA: XBRL DOCUMENT v3.24.0.1

Leases (Tables)

6 Months Ended

Dec. 31, 2023

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:			December 31, 2023						June 25, 2023
Right-of-use asset (1)			$95.4						$98.0
Current lease liability (2)			6.6						6.4
Non-current lease liability (3)			111.0						112.0
Total operating lease liabilities			$117.6						$118.4
Finance Leases:
Finance lease assets (4)			$9.2						$9.5
Current portion of finance lease liabilities			0.4						0.4
Finance lease liabilities, less current portion			9.0						9.2
Total finance lease liabilities			$9.4						$9.6

(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):

			Six months ended
(in millions of U.S. Dollars)			December 31, 2023						December 25, 2022
Cash (used in) provided by operating activities from continuing operations:
Cash paid for operating leases			($5.6)						($2.1)
Cash received for tenant allowance on operating lease			0.4						3.1
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			(0.3)						(0.3)

(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)			153			479
Weighted average discount rate (2)			4.35		%	2.65		%

(1) Weighted average remaining lease term of finance leases without the 49-year ground lease is 35 months.

(2) Weighted average discount rate of finance leases without the 49-year ground lease is 3.40%.

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating and finance lease liabilities as of December 31, 2023 were as follows (in millions of U.S. Dollars):

Fiscal Year Ending			Operating Leases			Finance Leases			Total
June 30, 2024 (remainder of fiscal 2024)			$7.1			$0.3			$7.4
June 29, 2025			13.3			0.7			14.0
June 28, 2026			13.0			0.7			13.7
June 27, 2027			11.9			0.4			12.3
June 25, 2028			11.5			0.2			11.7
Thereafter			104.3			14.1			118.4
Total lease payments			161.1			16.4			177.5
Future tenant improvement allowances			(4.7)			—			(4.7)
Imputed lease interest			(38.8)			(7.0)			(45.8)
Total lease liabilities			$117.6			$9.4			$127.0

Schedule of Maturities of Finance Lease Liabilities

Maturities of operating and finance lease liabilities as of December 31, 2023 were as follows (in millions of U.S. Dollars):

Fiscal Year Ending			Operating Leases			Finance Leases			Total
June 30, 2024 (remainder of fiscal 2024)			$7.1			$0.3			$7.4
June 29, 2025			13.3			0.7			14.0
June 28, 2026			13.0			0.7			13.7
June 27, 2027			11.9			0.4			12.3
June 25, 2028			11.5			0.2			11.7
Thereafter			104.3			14.1			118.4
Total lease payments			161.1			16.4			177.5
Future tenant improvement allowances			(4.7)			—			(4.7)
Imputed lease interest			(38.8)			(7.0)			(45.8)
Total lease liabilities			$117.6			$9.4			$127.0

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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Assets and Liabilities, Lessee [Table Text Block]

+ References

No definition available.

+ Details

Name:	wolf_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix:	wolf_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration