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Leases (Tables) | 9 Months Ended
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Mar. 30, 2024
Leases [Abstract] |
Schedule of Lease Cost | The components of lease cost for the three months and nine months ended March 30, 2024 and were (in thousands):
|  | Three Months Ended |  | Nine Months Ended |  |
|  | March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023 |  |
Lease cost | Classification |  |  |  |  |
Operating lease cost | Cost of sales | $ | 1,199 |  |  | $ | 962 |  |  | $ | 3,548 |  |  | $ | 3,402 |  |  |
Operating lease cost | Selling, general and administrative expenses | $ | 184 |  |  | $ | 187 |  |  | $ | 551 |  |  | $ | 554 |  |  |
Financing lease cost | Cost of sales | $ | 1,129 |  |  | $ | 1,062 |  |  | $ | 3,594 |  |  | $ | 2,922 |  |  |
Financing lease cost | Selling, general and administrative expenses | $ | 51 |  |  | $ | 40 |  |  | $ | 155 |  |  | $ | 117 |  |  |
Total lease cost |  | $ | 2,563 |  |  | $ | 2,251 |  |  | $ | 7,848 |  |  | $ | 6,995 |  |  |
Fixed lease cost |  | $ | 1,331 |  |  | $ | 1,956 |  |  | $ | 4,657 |  |  | $ | 6,156 |  |  |
Short-term lease cost |  | $ | 1,232 |  |  | $ | 295 |  |  | $ | 3,191 |  |  | $ | 839 |  |  |
Total lease cost |  | $ | 2,563 |  |  | $ | 2,251 |  |  | $ | 7,848 |  |  | $ | 6,995 |  |  |
Schedule of Lease Assets and Liabilities | Amounts reported in the Consolidated Balance Sheet as of March 30, 2024 were (in thousands, except weighted average lease term and discount rate):
|  | March 30, 2024 |  | July 1, 2023
Operating Leases: |  |  |  |
Operating lease right of use assets |  | $ | 16,790 |  |  | $ | 16,202
Operating lease liabilities (1) |  | $ | 16,790 |  |  | $ | 16,202
Weighted-average remaining lease term (in years) |  |  |  |
Operating leases |  | 4.25 |  | 4.55
Weighted-average discount rate |  |  |  |
Operating leases |  | 4.25% |  | 4.00%
Financing Leases (2): |  |  |  |
Financing lease right of use assets |  | $ | 4,610 |  |  | $ | 9,718
Financing lease liabilities |  | $ | 3,170 |  |  | $ | 8,278
Weighted-average remaining lease term (in years) |  |  |  |
Financing leases |  | 1.23 |  | 1.89
Weighted-average discount rate |  |  |  |
Financing leases |  | 10.88% |  | 9.96%
(1) The current portion of the total operating lease liabilities of $5.4 million is classified under Other Current Liabilities, resulting in $11.4 million classified under Operating Lease Liabilities in the Long-term Liabilities section of the condensed consolidated balance sheet. (2) The total finance lease right of use assets of $4.6 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $2.8 million is classified under Current portion of debt, net, resulting in $0.3 million classified in Other Long-term Liabilities section of the condensed consolidated balance sheet.
Schedule of Maturities of Operating Leases Liability | Future lease payments under non-cancellable leases as of March 30, 2024 are as follows (in thousands):
Fiscal Years Ending |  | Operating Leases |  | Finance Leases
2024 (1) |  | $ | 1,529 |  |  | $ | 1,112 |
2025 |  | $ | 5,104 |  |  | $ | 1,909 |
2026 |  | $ | 4,147 |  |  | $ | 501 |
2027 |  | $ | 3,238 |  |  | $ | — |
2028 |  | $ | 2,281 |  |  | $ | — |
Thereafter |  | $ | 1,873 |  |  | $ | — |
Total undiscounted lease payments |  | $ | 18,172 |  |  | $ | 3,522 |
Less: present value discount |  | $ | (1,382) |  |  | $ | (352) |
Total lease liabilities |  | $ | 16,790 |  |  | $ | 3,170 |
(1) Represents estimated lease payments for the remaining three-month period ending June 29, 2024.
Schedule of Maturities of Finance Leases Liability | Future lease payments under non-cancellable leases as of March 30, 2024 are as follows (in thousands):
Fiscal Years Ending |  | Operating Leases |  | Finance Leases
2024 (1) |  | $ | 1,529 |  |  | $ | 1,112 |
2025 |  | $ | 5,104 |  |  | $ | 1,909 |
2026 |  | $ | 4,147 |  |  | $ | 501 |
2027 |  | $ | 3,238 |  |  | $ | — |
2028 |  | $ | 2,281 |  |  | $ | — |
Thereafter |  | $ | 1,873 |  |  | $ | — |
Total undiscounted lease payments |  | $ | 18,172 |  |  | $ | 3,522 |
Less: present value discount |  | $ | (1,382) |  |  | $ | (352) |
Total lease liabilities |  | $ | 16,790 |  |  | $ | 3,170 |
(1) Represents estimated lease payments for the remaining three-month period ending June 29, 2024.

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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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