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Summary of significant accounting policies (Tables)
12 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Schedule of Property, Plant and Equipment, Estimated Useful Life Depreciation is calculated using the straight-line method to write-off the cost of each asset to its residual value over its estimated useful life as follows:
Land improvements
10 years
Building and building improvements
5-30 years
Leasehold improvementsShorter of useful life or lease term
Manufacturing equipment
3-7 years
Office equipment
3-5 years
Motor vehicles
3-5 years
Computer hardware
3-5 years
Summary of reclassifications of consolidated balance sheet and consolidated statement of cash flows
The reclassifications have been made to the consolidated balance sheet as of June 24, 2022 and the consolidated statement of cash flows for the year ended June 24, 2022 and June 25, 2021 as follows:
June 24, 2022
(in thousands)As previously reportedReclassificationAfter reclassification
Consolidated Balance Sheet
Current assets
Trade accounts receivable439,330 13,340 452,670 
Contract assets13,464 (13,340)124 
Consolidated Statement of Cash Flows
Changes in operating assets and liabilities
Trade accounts receivable(103,970)(1,580)(105,550)
Contract assets(1,586)1,580 (6)
Contract assets and contract liabilities are presented in the consolidated balance sheets under other current assets and other payables, respectively.
June 25, 2021
(in thousands)As previously reportedReclassificationAfter reclassification
Consolidated Statement of Cash Flows
Changes in operating assets and liabilities
Trade accounts receivable(63,810)1,496 (62,314)
Contract assets1,378 (1,496)(118)