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Leases (Tables)
 6 Months Ended
Dec. 29, 2024
Leases [Abstract]  
Schedule of Lease Assets and Liabilities
Lease assets and liabilities are as follows (in millions of U.S. Dollars):
Operating Leases:December 29, 2024June 30, 2024
Right-of-use asset (1)
$122.2 $99.2 
Current lease liability (2)
8.8 6.9 
Non-current lease liability (3)
134.4 114.0 
Total operating lease liabilities$143.2 $120.9 
Finance Leases:
Finance lease assets (4)
$8.7 $9.1 
Current portion of finance lease liabilities0.5 0.5 
Finance lease liabilities, less current portion8.7 8.9 
Total finance lease liabilities$9.2 $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
Statement of Operations
Three months ended
Six months ended
(in millions of U.S. Dollars)December 29, 2024December 31, 2023December 29, 2024December 31, 2023
Operating lease expense
$4.1$3.9$8.1$7.2
Finance lease amortization
0.2 0.2 0.4 0.4 
Interest expense for finance leases was immaterial for all periods presented.
Cash flow information consisted of the following (1):
Six months ended
(in millions of U.S. Dollars)December 29, 2024December 31, 2023
Cash (used in) provided by operating activities from continuing operations:
Cash paid for operating leases($4.1)($5.6)
Cash received for tenant allowance on operating lease— 0.4 
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)(0.3)
(1) See Note 1, "Statements of Cash Flows - non-cash activities," for non-cash activities related to leases.
Operating LeasesFinance Leases
Weighted average remaining lease term (in months) (1)
152477
Weighted average discount rate (2)
4.62 %2.67 %
(1) Weighted average remaining lease term of finance leases without the 49-year ground lease is 23 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 December 29, 2024 were as follows (in millions of U.S. Dollars):
Fiscal Year EndingOperating LeasesFinance LeasesTotal
June 29, 2025 (remainder of fiscal 2025)$8.2 $0.4 $8.6 
June 28, 202616.1 0.8 16.9 
June 27, 202715.5 0.5 16.0 
June 25, 202815.3 0.2 15.5 
June 24, 202915.5 0.2 15.7 
Thereafter122.3 13.8 136.1 
Total lease payments192.9 15.9 208.8 
Future tenant improvement allowances(1.6)— (1.6)
Imputed lease interest(48.1)(6.7)(54.8)
Total lease liabilities$143.2 $9.2 $152.4 
Schedule of Maturities of Finance Lease Liabilities
Maturities of operating and finance lease liabilities as of December 29, 2024 were as follows (in millions of U.S. Dollars):
Fiscal Year EndingOperating LeasesFinance LeasesTotal
June 29, 2025 (remainder of fiscal 2025)$8.2 $0.4 $8.6 
June 28, 202616.1 0.8 16.9 
June 27, 202715.5 0.5 16.0 
June 25, 202815.3 0.2 15.5 
June 24, 202915.5 0.2 15.7 
Thereafter122.3 13.8 136.1 
Total lease payments192.9 15.9 208.8 
Future tenant improvement allowances(1.6)— (1.6)
Imputed lease interest(48.1)(6.7)(54.8)
Total lease liabilities$143.2 $9.2 $152.4