Borrowings (Tables)

12 Months Ended

Jun. 28, 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 of U.S. dollars)
Rate	Conditions	Maturity	As of June 28, 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	$	—	$	12,188
Less: Unamortized debt issuance costs, current portion			—		(32)
Long-term borrowings, current portion, net			$	—	12,156

(1)The Company entered into interest rate swaps that effectively fix a series of future interest payments on its term loans. Refer to Note 7.

Schedule of Movements of Long-Term Loans

The movements of long-term borrowings were as follows for the years ended June 28, 2024 and June 30, 2023:

	Years ended
(in thousands)	June 28, 2024		June 30, 2023
Opening balance	$	12,188	$	27,421
Repayments during the period	(12,188)		(15,233)
Closing balance	$	—	$	12,188