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Employee Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2023
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
2024$1,312 
20251,367 
20261,064 
20271,433 
20281,550 
Thereafter (next 5 years)8,905 
Total$15,631 
Schedule of Net Benefit Costs
The following table outlines the components of net periodic benefit cost of the Plan for the fiscal years ended June 30, 2023 and July 1, 2022:
Fiscal Years Ended
 June 30, 2023July 1, 2022
Service cost$1,068 $1,405 
Interest cost463 83 
Expected return on assets(379)(272)
Amortization of prior service cost(203)(190)
Amortization net of loss— 
Settlement loss recognized(509)— 
Net periodic benefit cost$440 $1,031 
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 June 30, 2023 and July 1, 2022:
Fiscal Years Ended
 June 30, 2023July 1, 2022
Discount rate1.95 %1.70 %
Expected rate of return on Plan assets1.95 %1.70 %
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
 June 30, 2023July 1, 2022
Projected benefit obligation, beginning$25,509 $28,614 
Service cost1,068 1,405 
Interest cost463 83 
Employee contributions1,439 2,606 
Actuarial gain(516)(4,720)
Benefits paid(246)(1,444)
Settlements (4,770)— 
Foreign exchange gain (loss)1,763 (1,035)
Projected benefit obligation at end of year$24,710 $25,509 
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
 June 30, 2023July 1, 2022
Fair value of Plan assets, beginning$20,849 $18,807 
Actual return on Plan assets700 514 
Company contributions1,158 1,056 
Employee contributions1,439 2,606 
Benefits paid(246)(1,444)
Settlements(4,770)— 
Foreign exchange gain (loss)1,429 (690)
Fair value of Plan assets at end of year$20,559 $20,849 
Schedule of Net Funded Status
The following table presents the Company's reconciliation of funded status for the period presented:
As of
June 30, 2023July 1, 2022
Projected benefit obligation at end of year$24,710 $25,509 
Fair value of plan assets at end of year20,559 20,849 
Funded status$(4,151)$(4,660)