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Stock-Based Compensation (Tables)
6 Months Ended
Dec. 29, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options
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 12/29/23
Outstanding at June 30, 2023— $— $— — — 
Granted934 12.71 45.00 
Exercised— — 
Canceled— — 
Outstanding at December 29, 2023934 $12.71 $45.00 3.18— 
Exercisable at December 29, 2023— $— $— — — 
Schedule of Valuation assumptions The Company calculated the fair values of the options grants using the following weighted-average assumptions:
Second Quarter Ended
December 29, 2023
Expected volatility45 %
Expected term4 years
Risk-free interest rate4.44 %
Expected dividend yield— %
Weighted-average grant date fair value per share$12.71 
Schedule of Restricted Stock Awards
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, 20231,339 $54.45 
Granted1,198 37.06 
Vested(269)60.27 
Forfeited(337)50.31 
Outstanding at December 29, 20231,931 $43.57 
Schedule of Stock-Based Compensation Expense
The following table presents share-based compensation expenses included in the Company’s Consolidated Statements of Operations and Comprehensive Loss:

 Second Quarters EndedSix Months Ended
 December 29, 2023December 30, 2022December 29, 2023December 30, 2022
Cost of revenues$$237 $820 $1,036 
Selling, general and administrative5,742 8,277 7,503 13,155 
Research and development1,640 1,744 3,180 3,316 
Stock-based compensation expense before tax7,386 10,258 11,503 17,507 
Income taxes(1,994)(2,770)(3,106)(4,727)
Stock-based compensation expense, net of income taxes$5,392 $7,488 $8,397 $12,780