Severance liabilities (Tables)

12 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Schedule of Severance Liabilities

The following table provides information regarding severance liabilities:

	Years Ended
(in thousands)	June 30, 2023		June 24, 2022
Changes in severance liabilities
Balance, beginning of the fiscal year	$	18,588	$	19,782
Current service cost	$	2,349	$	2,318
Interest cost	683		518
Benefit paid	(288)		(322)
Unrealized loss (gain) on exchange rate	(58)		(2,133)
Actuarial (gain) loss on obligation	1,089		(1,542)
Foreign currency translation	7		(33)
Balance, end of the fiscal year	$	22,370	$	18,588
Changes in plan assets
Balance, beginning of the fiscal year	$	338	$	356
Actual return on plan assets	$	—	$	(13)
Employer contributions	—		38
Foreign currency translation	11		(43)
Balance, end of the fiscal year	$	349	$	338
Underfunded status	$	(22,021)	$	(18,250)

Schedule of Future Maturities of Severance Liabilities

The following table sets forth our severance liabilities as of June 30, 2023:

(in thousands)
2024	$	1,449
2025	2,022
2026	1,389
2027	1,641
2028	2,045
Thereafter	13,824
Total	$	22,370

Schedule of Severance Liabilities Recognized in Balance Sheet

The amount recognized in the consolidated balance sheets under non-current liabilities and non-current assets were determined as follows:

(in thousands)	As of June 30, 2023		As of June 24, 2022
Non-current assets	$	138	$	134
Non-current liabilities	$	22,159	$	18,384

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

The following table provides information regarding accumulated benefit obligations:

(in thousands)	As of June 30, 2023		As of June 24, 2022
Accumulated benefit obligations	$	15,168	$	13,018

Schedule of Principal Actuarial Assumptions Used

The principal actuarial assumptions used were as follows:

Weighted average actuarial assumptions used to determine severance liabilities

	Years Ended
	June 30, 2023	June 24, 2022	June 25, 2021
Discount rate	3.5% - 5.3%	2.1% - 3.9%	0.2% - 2.9%
Future salary increases	3.5% - 10.0%	3.5% - 10.0%	3.5% - 10.0%

Weighted average actuarial assumptions used to determine benefit costs

	Years Ended
	June 30, 2023	June 24, 2022	June 25, 2021
Discount rate	0.2% - 2.9%	0.2% - 2.9%	0.4% - 3.1%
Expected long-term rate of return on assets	2.1%	2.1%	2.3%