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Borrowings (Tables)
6 Months Ended
Dec. 29, 2023
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:
(in thousands)    
RateConditionsMaturity
As of
December 29, 2023
As of
June 30, 2023
Long-term borrowings, current portion, net:
Term loan borrowings:
3-month LIBOR +1.35% per annum (1)
Repayable in
quarterly installments
June 2024$6,094 $12,188 
Less: Unamortized debt issuance costs, current portion(16)(32)
Long-term borrowings, current portion, net$6,078 $12,156 
(1)The Company has entered into interest rate swaps that effectively fix a series of future interest payments on its term loans. Refer to Note 6.
Schedule of Movements of Long-Term Loans
The movements of long-term borrowings for the six months ended December 29, 2023 and December 30, 2022 were as follows:
 Six Months Ended
(in thousands)December 29,
2023
December 30,
2022
Opening balance$12,188 $27,421 
Repayments during the period(6,094)(9,140)
Closing balance$6,094 $18,281