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Leases (Tables)
6 Months Ended
Dec. 29, 2023
Leases [Abstract]  
Schedule of Operating Lease Liabilities
As of December 29, 2023, the maturities of the Company’s operating lease liabilities were as follows:
(in thousands)
2024 (remaining six months)$994 
20251,190 
20261,118 
20271,143 
20281,143 
Thereafter287 
Total undiscounted lease payments5,875 
Less imputed interest(494)
Total present value of lease liabilities$5,381 (1)
(1)Includes current portion of operating lease liabilities of $1.4 million.
Summary of Additional Information Related to Operating and Finance Lease
The following summarizes additional information related to the Company’s operating leases:
 
As of
December 29, 2023
As of
June 30, 2023
Weighted-average remaining lease term (in years)4.41.2
Weighted-average discount rate4.0 %3.4 %
Schedule of Supplemental Cash Flow and Other Information Related to Leases
The following table presents supplemental disclosure for the unaudited condensed consolidated statements of cash flows related to operating and finance leases for the three and six months ended December 29, 2023 and December 30, 2022:
Three Months EndedSix Months Ended
(in thousands)December 29,
2023
December 30,
2022
December 29,
2023
December 30,
2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$785 $661 $1,744 $1,302 
Financing cash flows from finance leases$— $$— $
ROU assets obtained in exchange for lease liabilities$118 $69 $5,054 $69