Stock-Based Compensation (Tables)

3 Months Ended

Sep. 29, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Nonvested Restricted Stock

The following table summarizes the status of the Company’s non-vested restricted stock awards and deferred stock awards since June 30, 2023:

	Non-vested Restricted Stock Awards
	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding at June 30, 2023	1,339	$	54.45
Granted	1,131	36.90
Vested	(187)	64.43
Forfeited	(198)	52.88
Outstanding at September 29, 2023	2,085	$	44.28

Stock Based Compensation Expenses

The following table presents share-based compensation expenses included in the Company’s Consolidated Statements of Operations and Comprehensive Loss:

	First Quarters Ended
	September 29, 2023		September 30, 2022
Cost of revenues	$	816	$	799
Selling, general and administrative	1,761		4,878
Research and development	1,540		1,572
Stock-based compensation expense before tax	4,117		7,249
Income taxes	(1,112)		(1,957)
Stock-based compensation expense, net of income taxes	$	3,005	$	5,292

Summary of Stock Option Plans

The following table summarizes activity of the Company's stock option plans since June 30, 2023:

	Options Outstanding
	Number of Shares	Weighted Average Grant Date Fair Value		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value as of 9/29/23
Outstanding at June 30, 2023	—	$	—	$	—	—	—
Granted	934	12.71		45.00
Exercised	—			—
Canceled	—			—
Outstanding at September 29, 2023	934	$	12.71	$	45.00	3.42	—
Exercisable at September 29, 2023	—	$	—	$	—	—	—

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The Company uses the Black-Scholes valuation model for estimating the fair value on the date of grant of stock options. The Company calculated the fair values of the options grants using the following weighted-average assumptions:

	First Quarter Ended
	September 29, 2023
Expected volatility	45		%
Expected term	4 years
Risk-free interest rate	4.44		%
Expected dividend yield	—		%
Weighted-average grant date fair value per share	$	12.71

Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

The Company uses the Black-Scholes valuation model for estimating the fair value on the date of grant of stock options. The Company calculated the fair values of the options grants using the following weighted-average assumptions:

	First Quarter Ended
	September 29, 2023
Expected volatility	45		%
Expected term	4 years
Risk-free interest rate	4.44		%
Expected dividend yield	—		%
Weighted-average grant date fair value per share	$	12.71