Income Taxes (Tables)

12 Months Ended

Jun. 29, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Provision

Significant components of the income tax provision are as follows:

	Years Ended
	June 29, 2025		June 30, 2024		July 2, 2023
	(in thousands)
Current provision (benefit):
Federal	$	(1,942)	$	11,774	$	976
State	1,125		161		1,572
Foreign	176		—		—
Current income tax (benefit) expense	(641)		11,935		2,548
Deferred provision (benefit):
Federal	(12,880)		(14,246)		(3,145)
State	131		2,514		(1,463)
Foreign	26		—		—
Deferred income tax benefit	(12,723)		(11,732)		(4,608)
Income tax (benefit) expense	$	(13,364)	$	203	$	(2,060)

Reconciliation of Statutory Tax Rate to Effective Tax Rate

A reconciliation of the U.S. federal statutory tax rate to the Company’s effective tax rate is as follows:

	Years Ended
	June 29, 2025		June 30, 2024		July 2, 2023
Tax at U.S. statutory rates	21.0	%	21.0	%	21.0	%
State income taxes, net of federal tax benefit	3.4		(8.1)		(0.2)
Non-deductible impairment charge	(1.4)		-		(16.8)
Valuation allowance change	(16.8)		(28.5)		(0.2)
Non-deductible compensation	(0.1)		(0.6)		(2.1)
Excess tax benefit/shortfalls from stock-based compensation	(0.2)		(11.9)		(1.7)
Tax credits	0.3		16.9		2.7
Enhanced deductions	-		11.8		2.6
Other, net	0.1		(4.0)		(0.9)
Effective tax rate	6.3	%	(3.4	%)	4.4	%

Schedule of Deferred Income Tax Assets (Liabilities)

The significant components of the Company's deferred income tax assets (liabilities) are as follows:

	June 29, 2025		June 30, 2024
	(in thousands)
Deferred income tax assets:
Loss and carryforwards	$	17,508	$	8,096
Accrued expenses and reserves	4,949		3,146
Inventory	4,366		5,417
Stock-based compensation	2,613		1,767
Deferred compensation	7,242		6,815
Operating lease liability	29,002		30,763
Other intangibles	20,604		—
Gross deferred income tax assets	86,284		56,004
Less: Valuation allowance	(40,581)		(4,868)
Deferred tax assets, net	45,703		51,136
Deferred income tax liabilities:
Other intangibles	—		(10,693)
Tax in excess of book depreciation	(25,409)		(31,206)
Operating lease right-of-use asset	(26,973)		(28,639)
Deferred tax liabilities	(52,382)		(70,538)
Net deferred income tax liabilities	$	(6,679)	$	(19,402)

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	Years Ended
	June 29, 2025		June 30, 2024		July 2, 2023
	(in thousands)
Beginning balance	$	2,780	$	1,724	$	1,374
Increases on tax positions for prior years	72		1,100		30
Increases on tax positions for current year	209		387		320
Settlements	(166)		-		-
Statute of limitation expirations	(135)		(431)		-
Ending balance	$	2,760	$	2,780	$	1,724