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Severance liabilities
 12 Months Ended
Jun. 28, 2024
Retirement Benefits [Abstract]  
Severance liabilities Severance liabilities
The following table provides information regarding severance liabilities:
Years Ended
(in thousands)June 28,
2024		June 30,
2023
Changes in severance liabilities
Balance, beginning of the fiscal year$22,370 $18,588 
Current service cost$2,655 $2,349 
Interest cost747 683 
Benefit paid(320)(288)
Unrealized loss (gain) on exchange rate(837)(58)
Actuarial (gain) loss on obligation(310)1,089 
Adjustment defined benefit obligation(212)— 
Foreign currency translation— 7 
Balance, end of the fiscal year$24,093 $22,370 
Changes in plan assets
Balance, beginning of the fiscal year$349 $338 
Adjustment plan assets(349)— 
Foreign currency translation— 11 
Balance, end of the fiscal year$— $349 
Underfunded status$(24,093)$(22,021)
The following table sets forth our severance liabilities as of June 28, 2024:
(in thousands)
2025$2,140 
20261,550 
20271,631 
20282,221 
20292,342 
Thereafter14,209 
Total$24,093 
The amount recognized in the consolidated balance sheets under non-current liabilities and non-current assets were determined as follows:
(in thousands)As of June 28,
2024		As of June 30,
2023
Non-current assets$— $138 
Non-current liabilities$24,093 $22,159 
The following table provides information regarding accumulated benefit obligations:
(in thousands)As of June 28,
2024		As of June 30,
2023
Accumulated benefit obligations$16,403 $15,168 
The principal actuarial assumptions used were as follows:
Weighted average actuarial assumptions used to determine severance liabilities
Years Ended
June 28, 2024June 30, 2023June 24, 2022
Discount rate
3.9% - 5.5%
3.5% - 5.4%
2.1% - 3.9%
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 28, 2024June 30, 2023June 24, 2022
Discount rate5.4%3.8%2.0%
Expected long-term rate of return on assets5.2%3.4%2.1%