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Employee Benefit Plans (Tables)
 12 Months Ended
Jul. 02, 2021
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
2022$893 
20231,248 
20241,454 
20251,498 
20261,574 
Thereafter (next 5 years)7,723 
Total$14,390 
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 2, 2021 and July 3, 2020:
Fiscal Years Ended
 July 2, 2021July 3, 2020
Service cost$1,708 $1,375 
Interest cost92 125 
Expected return on assets(277)(233)
Amortization of prior service cost(64)(63)
Amortization net of loss185 33 
Settlement loss recognized318 — 
Net periodic benefit cost$1,962 $1,237 
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 2, 2021 and July 3, 2020:
Fiscal Years Ended
 July 2, 2021July 3, 2020
Discount rate0.30 %0.30 %
Expected rate of return on Plan assets1.50 %1.50 %
Expected inflation1.00 %1.00 %
Rate of compensation increases1.50 %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 2, 2021July 3, 2020
Projected benefit obligation, beginning$29,955 $24,274 
Service cost1,708 1,375 
Interest cost92 125 
Employee contributions2,145 1,916 
Actuarial (gain) loss(1,345)2,387 
Benefits paid(256)(906)
Plan amendment(1,247)— 
Settlements (3,129)— 
Foreign exchange loss691 784 
Projected benefit obligation at end of year$28,614 $29,955 
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 2, 2021July 3, 2020
Fair value of Plan assets, beginning$18,078 $15,088 
Actual return on Plan assets474 582 
Company contributions1,080 911 
Employee contributions2,145 1,916 
Benefits paid(256)(906)
Settlements(3,129)— 
Foreign exchange gain415 487 
Fair value of Plan assets at end of year$18,807 $18,078 
Schedule of Net Funded Status
The following table presents the Company's reconciliation of funded status for the period presented:
As of
July 2, 2021July 3, 2020
Projected benefit obligation at end of year$28,614 $29,955 
Fair value of plan assets at end of year18,807 18,078 
Funded status$(9,807)$(11,877)