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LEASES (Tables)
9 Months Ended
Mar. 29, 2020
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
 
Three Months Ended
 
Nine Months Ended
 
March 29,
2020
 
March 29,
2020
 
(in thousands)
Financing lease cost:
 
 
 
Amortization of right-of-use assets
$
895

 
$
2,713

Interest on lease liabilities
126

 
392

Total finance lease cost
$
1,021

 
$
3,105

 
 
 
 
Operating lease cost
$
12,370

 
$
33,555

Variable lease cost
23,776

 
64,794


Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
 
 
Nine Months Ended
 
 
March 29, 2020
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows paid for operating leases
 
$
30,730

Financing cash flows paid for principal portion of finance leases
 
2,653

 
 
 
Right-of-use assets obtained in exchange for lease obligations:
 
 
Operating leases
 
$
79,919

Finance leases
 
1,617


 
March 29, 2020
 
Weighted-Average Remaining Lease Term
 
Weighted-Average Discount Rate
 
(in years)
 
 
Operating leases
6.4
 
2.54
%
Finance leases
4.4
 
2.83
%

Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases were as follows:
 
March 29, 2020
 
(in thousands)
Operating leases
 
Other assets
$
156,972

 
 
Accrued expenses and other current liabilities
$
40,211

Other long-term liabilities
122,659

Total operating lease liabilities
$
162,870

 
 
Finance Leases
 
Property and Equipment, net
$
18,002

 
 
Current portion of long-term debt and lease liabilities
$
3,444

Long-term debt and lease liabilities
11,153

Total finance lease liabilities
$
14,597

 
March 29, 2020
 
Weighted-Average Remaining Lease Term
 
Weighted-Average Discount Rate
 
(in years)
 
 
Operating leases
6.4
 
2.54
%
Finance leases
4.4
 
2.83
%

Maturities of Finance Lease Liabilities
As of March 29, 2020, the maturities of lease liabilities are as follows:
Fiscal Year
Operating Leases
 
Finance Leases
 
(in thousands)
2020 (remaining 3 months)
$
9,779

 
$
1,105

2021
42,028

 
3,567

2022
26,498

 
6,157

2023
18,844

 
1,268

2024
16,371

 
877

Thereafter
62,658

 
2,920

Total lease payments
$
176,178

 
$
15,894

Less imputed interest
(13,308
)
 
(1,297
)
Total
$
162,870

 
$
14,597


Maturities of Operating Lease Liabilities
As of March 29, 2020, the maturities of lease liabilities are as follows:
Fiscal Year
Operating Leases
 
Finance Leases
 
(in thousands)
2020 (remaining 3 months)
$
9,779

 
$
1,105

2021
42,028

 
3,567

2022
26,498

 
6,157

2023
18,844

 
1,268

2024
16,371

 
877

Thereafter
62,658

 
2,920

Total lease payments
$
176,178

 
$
15,894

Less imputed interest
(13,308
)
 
(1,297
)
Total
$
162,870

 
$
14,597