XML 58 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
12 Months Ended
Jun. 28, 2020
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows for the year ended June 28, 2020 (in thousands):
Financing lease cost:
 
Amortization of right-of-use assets
$
3,613

Interest on lease liabilities
506

Total finance lease cost
$
4,119

 
 
Operating lease cost
$
46,101

Variable lease cost
91,851


Supplemental Cash Flow Information
 
June 28, 2020
 
Weighted-Average Remaining Lease Term
 
Weighted-Average Discount Rate
 
(in years)
 
 
Operating leases
9.0
 
2.57
%
Finance leases
4.1
 
2.79
%

Supplemental cash flow information related to leases was as follows as of June 28, 2020 (in thousands):
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows paid for operating leases
$
50,223

Financing cash flows paid for principal portion of finance leases
3,539

 
 
Right-of-use assets obtained in exchange for lease obligations:
 
Operating leases
$
108,816

Finance leases
3,019


Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases were as follows as of June 28, 2020 (in thousands):
Operating leases
 
Other assets
$
174,583

 
 
Accrued expenses and other current liabilities
$
49,480

Other long-term liabilities
123,889

Total operating lease liabilities
$
173,369

 
 
Finance Leases
 
Property and Equipment, net
$
18,409

 
 
Current portion of long-term debt and lease liabilities
$
3,770

Long-term debt and lease liabilities
11,477

Total finance lease liabilities
$
15,247


Maturities of Finance Lease Liabilities
As of June 28, 2020, the maturities of lease liabilities are as follows:
 
Operating Leases
 
Finance Leases
 
(in thousands)
2021
$
50,611

 
$
4,170

2022
31,178

 
6,709

2023
22,446

 
1,541

2024
18,279

 
1,080

2025
14,761

 
617

Thereafter
49,660

 
2,304

Total lease payments
$
186,935

 
$
16,421

Less imputed interest
(13,566
)
 
(1,174
)
Total
$
173,369

 
$
15,247


Maturities of Operating Lease Liabilities
As of June 28, 2020, the maturities of lease liabilities are as follows:
 
Operating Leases
 
Finance Leases
 
(in thousands)
2021
$
50,611

 
$
4,170

2022
31,178

 
6,709

2023
22,446

 
1,541

2024
18,279

 
1,080

2025
14,761

 
617

Thereafter
49,660

 
2,304

Total lease payments
$
186,935

 
$
16,421

Less imputed interest
(13,566
)
 
(1,174
)
Total
$
173,369

 
$
15,247