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Leases (Tables) | 9 Months Ended
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Mar. 30, 2025
Leases [Abstract] |
Schedule of Lease Assets and Liabilities | Lease assets and liabilities are as follows (in millions of U.S. Dollars):
Operating Leases: | March 30, 2025 |  | June 30, 2024
Right-of-use asset (1) | $125.4 |  |  | $99.2 |
Current lease liability (2) | 9.4 |  |  | 6.9 |
Non-current lease liability (3) | 141.8 |  |  | 114.0 |
Total operating lease liabilities | $151.2 |  |  | $120.9 |
Finance Leases: |  |  |
Finance lease assets (4) | $8.5 |  |  | $9.1 |
Current portion of finance lease liabilities | 0.5 |  |  | 0.5 |
Finance lease liabilities, less current portion | 8.5 |  |  | 8.9 |
Total finance lease liabilities | $9.0 |  |  | $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 |
| Three months ended |  | Nine months ended
(in millions of U.S. Dollars) | March 30, 2025 | March 31, 2024 |  | March 30, 2025 |  | March 31, 2024
Operating lease expense | $4.3 | $3.3 |  | $12.4 |  | $10.5
Finance lease amortization | 0.2 |  | 0.2 |  |  | 0.6 |  |  | 0.6 |
Cash flow information consisted of the following (1):
| Nine months ended
(in millions of U.S. Dollars) | March 30, 2025 |  | March 31, 2024
Cash (used in) provided by operating activities from continuing operations: |  |  |
Cash paid for operating leases | ($4.0) |  |  | ($5.6) |
Cash received for tenant allowance on operating lease | — |  |  | 0.4 |
Cash paid for interest portion of financing leases | (0.1) |  |  | (0.2) |
Cash used in financing activities: |  |  |
Cash paid for principal portion of finance leases | (0.1) |  |  | (0.4) |
(1) See Note 1, "Statements of Cash Flows - non-cash activities," for non-cash activities related to leases.
| Operating Leases | Finance Leases
Weighted average remaining lease term (in months) (1) | 154 | 480
Weighted average discount rate (2) | 4.69 | % | 2.66 | %
(1) Weighted average remaining lease term of finance leases without the 49-year ground lease is 20 months. (2) Weighted average discount rate of finance leases without the 49-year ground lease is 3.86%.
Schedule of Maturities of Operating Lease Liabilities | Maturities of operating and finance lease liabilities as of March 30, 2025 were as follows (in millions of U.S. Dollars):
Fiscal Year Ending | Operating Leases | Finance Leases | Total
June 29, 2025 (remainder of fiscal 2025) | $4.6 |  | $0.2 |  | $4.8 |
June 28, 2026 | 17.0 |  | 0.8 |  | 17.8 |
June 27, 2027 | 16.4 |  | 0.5 |  | 16.9 |
June 25, 2028 | 16.2 |  | 0.2 |  | 16.4 |
June 24, 2029 | 16.3 |  | 0.2 |  | 16.5 |
Thereafter | 134.3 |  | 13.7 |  | 148.0 |
Total lease payments | 204.8 |  | 15.6 |  | 220.4 |
Future tenant improvement allowances | (1.5) |  | — |  | (1.5) |
Imputed lease interest | (52.1) |  | (6.6) |  | (58.7) |
Total lease liabilities | $151.2 |  | $9.0 |  | $160.2 |
Schedule of Maturities of Finance Lease Liabilities | Maturities of operating and finance lease liabilities as of March 30, 2025 were as follows (in millions of U.S. Dollars):
Fiscal Year Ending | Operating Leases | Finance Leases | Total
June 29, 2025 (remainder of fiscal 2025) | $4.6 |  | $0.2 |  | $4.8 |
June 28, 2026 | 17.0 |  | 0.8 |  | 17.8 |
June 27, 2027 | 16.4 |  | 0.5 |  | 16.9 |
June 25, 2028 | 16.2 |  | 0.2 |  | 16.4 |
June 24, 2029 | 16.3 |  | 0.2 |  | 16.5 |
Thereafter | 134.3 |  | 13.7 |  | 148.0 |
Total lease payments | 204.8 |  | 15.6 |  | 220.4 |
Future tenant improvement allowances | (1.5) |  | — |  | (1.5) |
Imputed lease interest | (52.1) |  | (6.6) |  | (58.7) |
Total lease liabilities | $151.2 |  | $9.0 |  | $160.2 |

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- 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
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- 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
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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 -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
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