Employee Benefit Plans (Tables)

12 Months Ended

Jul. 03, 2020

Retirement Benefits [Abstract]

Schedule of Expected Benefit Payments

The following table reflects the total pension benefits expected to be paid from the Plan, which is funded from contributions by participants and the Company.

Fiscal Year	Total
2021	$	900
2022	1,059
2023	1,401
2024	1,253
2025	1,040
Thereafter (next 5 years)	6,423
Total	$	12,076

Schedule of Net Benefit Costs

The following table outlines the components of net periodic benefit cost of the Plan for the fiscal years ended July 3, 2020 and June 30, 2019:

	Fiscal Years Ended
	July 3, 2020		June 30, 2019
Service cost	$	1,375	$	903
Interest cost	125		156
Expected return on assets	(233)		(183)
Amortization of prior service cost	(63)		(61)
Amortization net of loss	33		—
Net periodic benefit cost	$	1,237	$	815

Schedule of Assumptions Used

The following table reflects the related actuarial assumptions used to determine net periodic benefit cost of the Plan for the fiscal years ended July 3, 2020 and June 30, 2019:

	Fiscal Years Ended
	July 3, 2020		June 30, 2019
Discount rate	0.30	%	0.50	%
Expected rate of return on Plan assets	1.50	%	1.50	%
Expected inflation	1.20	%	1.20	%
Rate of compensation increases	1.50	%	1.50	%

Schedule of Changes in Projected Benefit Obligations

The following table presents the change in projected benefit obligation for the periods presented:

	Fiscal Years Ended
	July 3, 2020		June 30, 2019
Projected benefit obligation, beginning	$	24,274	$	18,127
Service cost	1,375		903
Interest cost	125		156
Employee contributions	1,916		3,577
Actuarial loss	2,387		2,859
Benefits paid	(906)		(1,607)
Foreign exchange loss	784		259
Projected benefit obligation at end of year	$	29,955	$	24,274

Schedule of Changes in Fair Value of Plan Assets

The following table presents the change in Plan assets for the periods presented:

	Fiscal Years Ended
	July 3, 2020		June 30, 2019
Fair value of Plan assets, beginning	$	15,088	$	12,029
Actual return on Plan assets	582		167
Company contributions	911		741
Employee contributions	1,916		3,577
Benefits paid	(906)		(1,607)
Foreign exchange gain	487		181
Fair value of Plan assets at end of year	$	18,078	$	15,088

Schedule of Net Funded Status

The following table presents the Company's reconciliation of funded status for the period presented:

	As of
	July 3, 2020		June 30, 2019
Projected benefit obligation at end of year	$	29,955	$	24,274
Fair value of plan assets at end of year	18,078		15,088
Funded status	$	(11,877)	$	(9,186)