Borrowings (Tables)

9 Months Ended

Mar. 25, 2022

Debt Disclosure [Abstract]

Schedule of Total Borrowings, Including Revolving and Long-Term Borrowings

The Company’s total borrowings, including current and non-current portions of long-term borrowings, consisted of the following:

(amount in thousands)
Rate	Conditions	Maturity	As of March 25, 2022		As of June 25, 2021
Long-term borrowings, current portion, net:
Long-term borrowings, current portion			$	12,188	$	12,188
Less: Unamortized debt issuance costs, current portion			(32)		(32)
Long-term borrowings, current portion, net			$	12,156	$	12,156
Long-term borrowings, non-current portion, net:
Term loan borrowings:
3-month LIBOR +1.35% per annum (1)	Repayable in quarterly installments	June 2024	$	30,468	$	39,609
Less: Current portion			(12,188)		(12,188)
Less: Unamortized debt issuance costs, non-current portion			(39)		(63)
Long-term borrowings, non-current portion, net			$	18,241	$	27,358

(1)We have entered into interest rate swaps that effectively fix a series of our future interest payments on our term loans. Refer to Note 6.

Schedule of Movements of Long-Term Loans

The movements of long-term borrowings for the nine months ended March 25, 2022 and March 26, 2021 were as follows:

	Nine Months Ended
(amount in thousands)	March 25, 2022		March 26, 2021
Opening balance	$	39,609	$	51,797
Borrowings during the period	—		—
Repayments during the period	(9,141)		(9,141)
Closing balance	$	30,468	$	42,656

Schedule of Future Maturities of Long-Term Debt

As of March 25, 2022, future maturities of long-term borrowings during each fiscal year were as follows:

(amount in thousands)
2022 (remaining three months)	$	3,047
2023	15,233
2024	9,141
2025	3,047
Total	$	30,468