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Revenue (Tables) | 9 Months Ended
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Mar. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Contract Assets | The following table summarizes the activity in the Company’s contract assets during the nine months ended March 30, 2024 (in thousands):
| Contract Assets
Beginning balance, July 1, 2023 | $ | 29,925 |
Revenue recognized | 372,652 |
Amounts collected or invoiced | (373,958) |
Ending balance, March 30, 2024 | $ | 28,619 |
Schedule of Disaggregation of Revenue | The following table presents the Company’s revenue disaggregated for the three and nine months ended March 30, 2024 and April 1, 2023 (in thousands):
|  | Revenue
Recognition |  | Three Months Ended |  | Nine Months Ended |
|  | March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023 |  |  |  |
Over-Time |  | $ | 118,467 |  |  | $ | 160,628 |  |  | $ | 372,652 |  |  | $ | 414,835 |  |  |  |  |
Point-in-Time |  | 22,060 |  |  | 3,925 |  |  | 61,055 |  |  | 10,689 |  |  |  |  |
Total |  | $ | 140,527 |  |  | $ | 164,553 |  |  | $ | 433,707 |  |  | $ | 425,524 |  |  |  |  |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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