Leases (Tables)

12 Months Ended

Jun. 24, 2022

Leases [Abstract]

Schedule of Operating Lease Liabilities

As of June 24, 2022, the maturities of the Company’s operating lease liabilities were as follows:

(amount in thousands)
2023	$	2,405
2024	1,460
2025	39
Total undiscounted lease payments	3,904
Less imputed interest	(109)
Total present value of lease liabilities	$	3,795	(1)

(1)Includes current portion of operating lease liabilities of $2.3 million.

Rental expense related to the Company’s operating leases is recognized on a straight-line basis over the lease term. Rental expense for long-term leases for the years ended June 24, 2022, June 25, 2021 and June 26, 2020 was $2.2

million, $2.6 million and $2.1 million, respectively. Rental expense for short-term leases for the years ended June 24, 2022, June 25, 2021 and June 26, 2020 was $0.2 million, $0.3 million and a de minimis amount, respectively.

Summary of Additional Information Related to Operating and Finance Leases

The following summarizes additional information related to the Company’s operating leases:

	As of June 24, 2022
Weighted-average remaining lease term (in years)
Operating leases	1.8
Weighted-average discount rate
Operating leases	3.4	%

Schedule of Supplemental Cash Flow Information Related to Operating Leases

The following information represents supplemental disclosure for the statement of cash flows related to operating leases:

(amount in thousands)	Year Ended June 24, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	2,533
Financing cash flows from finance leases	$	7
ROU assets obtained in exchange for lease liabilities	$	38