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Borrowings (Tables)
12 Months Ended
Jun. 24, 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)
RateConditionsMaturityAs of June 24, 2022As 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 202427,421 39,609 
Less: Current portion(12,188)(12,188)
Less: Unamortized debt issuance costs—non-current portion(31)(63)
Long-term borrowings, non-current portion, net$15,202 $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 7.
Schedule of Movements of Long-Term Loans
The movements of long-term borrowings were as follows for the years ended June 24, 2022 and June 25, 2021:
Years ended
(amount in thousands)June 24,
2022
June 25,
2021
Opening balance$39,609 $51,797 
Borrowings during the period— — 
Repayments during the period(12,188)(12,188)
Closing balance$27,421 $39,609 
Schedule of Future Maturities of Long-Term Debt
As of June 24, 2022, the future maturities of long-term borrowings during each fiscal year were as follows:
(amount in thousand)
2023$12,187 
202412,187 
20253,047 
Total$27,421