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Leases
12 Months Ended
Jun. 28, 2024
Leases [Abstract]  
Leases Leases
The Company enters into lease arrangements to facilitate its operations, including manufacturing, storage, as well as engineering, sales, marketing and administration resources. The Company measures its lease obligations in accordance with ASC 842, which requires lessees to record a ROU asset and lease liability for most lease arrangements. Finance leases are not material to the Company's consolidated financial statements and therefore are excluded from the following disclosures.
SUPPLEMENTAL BALANCE SHEET INFORMATION
Supplemental operating lease balance sheet information is summarized as follows:
As ofAs of
June 28, 2024June 30, 2023
Operating lease right-of-use assets, net$60,860 $63,015 
Accrued expenses(1)$11,614 $10,434 
Operating lease liabilities62,584 66,797 
Total operating lease liabilities$74,198 $77,231 
    (1) The short term portion of the Operating lease liabilities is included within Accrued expenses on the Consolidated Balance Sheet.
OTHER SUPPLEMENTAL INFORMATION
Other supplemental operating lease information is summarized as follows:
For the Fiscal Year EndedFor the Fiscal Year Ended
June 28, 2024June 30, 2023
Cash paid for amounts included in the measurement of operating lease liabilities
$10,343 $10,756 
Right-of-use assets obtained in exchange for new lease liabilities
$7,249 $10,627 
Weighted average remaining lease term6.4 years7.0 years
Weighted average discount rate5.50 %5.17 %
MATURITIES OF LEASE COMMITMENTS
Maturities of operating lease commitments as of June 28, 2024 were as follows:
Fiscal YearTotals
2025$15,286 
202613,524 
202713,992 
202812,579 
202910,903 
Thereafter22,906 
Total lease payments89,190 
Less: imputed interest(14,992)
Present value of operating lease liabilities$74,198 
During fiscal 2024, 2023 and 2022 the Company recognized operating lease expense of $13,775, $13,763, and $14,332, respectively. There were no material restrictions, covenants, sale and leaseback transactions, variable lease payments or residual value guarantees imposed by the Company's leases at June 28, 2024.