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Borrowings (Tables)
9 Months Ended
Mar. 29, 2024
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
March 29, 2024
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$3,047 $12,188 
Less: Unamortized debt issuance costs, current portion(8)(32)
Long-term borrowings, current portion, net$3,039 $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 nine months ended March 29, 2024 and March 31, 2023 were as follows:
 Nine Months Ended
(in thousands)March 29,
2024
March 31,
2023
Opening balance$12,188 $27,421 
Repayments during the period(9,141)(12,187)
Closing balance$3,047 $15,234