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Share-based compensation (Tables)
12 Months Ended
Jun. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Effect of Recording Share-Based Compensation Expense
The effect of recording share-based compensation expense for the years ended June 28, 2024, June 30, 2023 and June 24, 2022 was as follows:
Years Ended
(in thousands)June 28,
2024
June 30,
2023
June 24,
2022
Share-based compensation expense by type of award:
Restricted share units$16,839 $16,979 $15,150 
Performance share units11,535 11,148 12,898 
Total share-based compensation expense28,374 28,127 28,048 
Tax effect on share-based compensation expense— — — 
Net effect on share-based compensation expense$28,374 $28,127 $28,048 
Schedule of Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income
Share-based compensation expense was recorded in the consolidated statements of operations and comprehensive income as follows:
Years Ended
(in thousands)June 28,
2024
June 30,
2023
June 24,
2022
Cost of revenue$7,203 $6,664 $5,967 
Selling, general and administrative expense21,171 20,939 22,081 
Restructuring and other related costs— 524 — 
Total share-based compensation expense$28,374 $28,127 $28,048 
Share-Based Payment Arrangement, Activity
The following table summarizes the number of equity awards outstanding and ordinary shares available for grant under each of the Equity Incentive Plans as of June 28, 2024:
(share units)Restricted Share Units outstandingPerformance Share Units outstandingOrdinary Shares available for future grant
2020 Plan306,660 171,078 1,746,068 
2017 Inducement Plan— — 111,347 
Total306,660 171,078 1,857,415 
Schedule of Restricted Share Unit Activity
The following table summarizes restricted share unit activity under the Equity Incentive Plans:
Number of
Shares
Weighted-
Average Grant
Date Fair Value
Per Share
Balance as of June 25, 2021641,875 $55.74 
Granted186,633 $101.25 
Vested(323,326)$52.20 
Forfeited(45,556)$71.53 
Balance as of June 24, 2022459,626 $75.14 
Granted165,378 $117.35 
Vested(233,607)$67.85 
Forfeited(22,632)$94.69 
Balance as of June 30, 2023368,765 $97.49 
Granted126,934 $165.54 
Vested(171,304)$88.69 
Forfeited(17,735)$124.52 
Balance as of June 28, 2024306,660 $129.01 
Expected to vest as of June 28, 2024274,066 $129.26 
Schedule of Performance Share Unit Activity
The following table summarizes performance share unit activity under the Equity Incentive Plans:
Number of
Shares
Weighted-
Average Grant
Date Fair Value
Per Share
Balance as of June 25, 2021427,028 $57.82 
Granted110,832 $101.05 
Vested(190,213)48.65 
Forfeited(61,765)$53.38 
Balance as of June 24, 2022285,882 $81.64 
Granted97,142 $117.35 
Vested(179,008)$70.05 
Forfeited— $— 
Balance as of June 30, 2023204,016 $108.81 
Granted73,936 $158.91 
Vested(106,874)101.05 
Forfeited— $— 
Balance as of June 28, 2024171,078 $135.31 
Expected to vest as of June 28, 2024171,078 $135.31