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Leases (Tables)
12 Months Ended
Jun. 29, 2025
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:June 29, 2025June 30, 2024
Right-of-use assets (1)
$123.1 $99.2 
Current lease liability (2)
9.9 6.9 
Non-current lease liability (3)
139.5 114.0 
Total operating lease liabilities$149.4 $120.9 
Finance Leases:
Finance lease assets (4)
$8.3 $9.1 
Current portion of finance lease liabilities0.5 0.5 
Finance lease liabilities, less current portion8.4 8.9 
Total finance lease liabilities$8.9 $9.4 
(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
Fiscal Years Ended
(in millions of U.S. Dollars)June 29, 2025June 30, 2024June 25, 2023
Operating lease expense$16.7 $13.9 $9.3 
Finance lease amortization0.8 0.8 0.8 
Cash flow information consisted of the following (1):
Fiscal Years Ended
(in millions of U.S. Dollars)June 29, 2025June 30, 2024June 25, 2023
Cash (used in) provided by operating activities:
Cash paid for operating leases($15.5)($12.6)($5.1)
Cash received for tenant allowance on operating leases1.8 0.4 17.8 
Cash paid for interest portion of financing leases(0.2)(0.3)(0.3)
Cash used in financing activities:
Cash paid for principal portion of finance leases(0.5)(0.4)(0.5)
(1) See "Statements of Cash Flows - non-cash activities" in Note 2, "Basis of Presentation and Summary of Significant Accounting Policies," for non-cash activities related to leases.
Supplemental Disclosures
Operating LeasesFinance Leases
Weighted average remaining lease term (in months) (1)
151484
Weighted average discount rate (2)
4.67 %2.65 %
(1) Weighted average remaining lease term of finance leases without the 49-year ground lease is 17 months.
(2) Weighted average discount rate of finance leases without the 49-year ground lease is 3.87%.
Schedule of Maturities of Operating Lease Liabilities
Maturities of operating and finance lease liabilities as of June 29, 2025 were as follows (in millions of U.S. Dollars):
Fiscal Year EndingOperating LeasesFinance LeasesTotal
June 28, 2026$16.5 $0.8 $17.3 
June 27, 202716.4 0.5 16.9 
June 25, 202816.2 0.2 16.4 
June 24, 202916.3 0.2 16.5 
June 30, 203015.8 0.2 16.0 
Thereafter118.5 13.6 132.1 
Total lease payments199.7 15.5 215.2 
Future tenant improvement allowances— — — 
Imputed lease interest(50.3)(6.6)(56.9)
Total lease liabilities$149.4 $8.9 $158.3 
Schedule of Maturities of Finance Lease Liabilities
Maturities of operating and finance lease liabilities as of June 29, 2025 were as follows (in millions of U.S. Dollars):
Fiscal Year EndingOperating LeasesFinance LeasesTotal
June 28, 2026$16.5 $0.8 $17.3 
June 27, 202716.4 0.5 16.9 
June 25, 202816.2 0.2 16.4 
June 24, 202916.3 0.2 16.5 
June 30, 203015.8 0.2 16.0 
Thereafter118.5 13.6 132.1 
Total lease payments199.7 15.5 215.2 
Future tenant improvement allowances— — — 
Imputed lease interest(50.3)(6.6)(56.9)
Total lease liabilities$149.4 $8.9 $158.3