Fair Value Measurements (Tables)

12 Months Ended

Jun. 29, 2025

Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents by level, within the fair value hierarchy, financial assets and liabilities measured at fair value on a recurring basis:


	Carrying Value		Fair Value Measurements Assets (Liabilities)
			Level 1		Level 2		Level 3

	(in thousands)
Assets (liabilities) as of June 29, 2025:
Trading securities held in a “rabbi trust” (1)	$	38,370	$	38,370	$	-	$	-
	$	38,370	$	38,370	$	-	$	-

Assets (liabilities) as of June 30, 2024:
Trading securities held in a “rabbi trust” (1)	$	32,805	$	32,805	$	-	$	-
	$	32,805	$	32,805	$	-	$	-

(1)The Company has established a NQDC Plan for certain members of senior management. Deferred compensation plan assets are invested in mutual funds held in a “rabbi trust,” which is restricted for payment to participants of the NQDC Plan. Trading securities held in the “rabbi trust” are measured using quoted market prices at the reporting date and are included in the “Other assets” line item, with the corresponding liability included in the “Other liabilities” line item in the consolidated balance sheets.