Property and Equipment

12 Months Ended

Jul. 02, 2021

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:


	Estimated Useful Lives (Years)	As of
		July 2, 2021		July 3, 2020
Computer equipment and software	3-4	$	99,190	$	85,705
Furniture and fixtures	5	17,997		5,993
Leasehold improvements	lesser of estimated useful life or lease term	63,322		36,874
Machinery and equipment	5-10	105,346		90,970

		285,855		219,542
Less: accumulated depreciation		(157,331)		(131,805)
		$	128,524	$	87,737

The $40,787 increase in property and equipment was primarily due to current year additions including property and equipment associated with improvements to the Company's facilities, especially as related to the expansion of its trusted custom microelectronics business and the acquisition of POC. These increases were partially offset by depreciation expense. During fiscal 2021 and 2020, the Company retired $996 and $64, respectively, of computer equipment and software, furniture, and fixtures, leasehold improvements, and machinery and equipment that were no longer in use by the Company.

Depreciation expense related to property and equipment for the fiscal years ended July 2, 2021, July 3, 2020 and June 30, 2019 was $25,912, $18,770 and $18,478, respectively.