XML 64 R41.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
 12 Months Ended
Jun. 27, 2021
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows for the years ended June 27, 2021 and June 28, 2020:
Year Ended
June 27,
2021		June 28,
2020
(in thousands)
Financing lease cost:
Amortization of right-of-use assets$7,131 $3,613 
Interest on lease liabilities697 506 
Total finance lease cost$7,828 $4,119 
Operating lease cost$51,519 $46,101 
Variable lease cost219,040 91,851 
Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows as of June 27, 2021 and June 28, 2020:
Year Ended
June 27,
2021		June 28,
2020
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases$63,895 $50,223 
Financing cash flows paid for principal portion of finance leases5,952 3,539 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$48,993 108,816 
Finance leases29,497 3,019 
June 27, 2021June 28, 2020
Weighted-Average Remaining Lease TermWeighted-Average Discount RateWeighted-Average Remaining Lease TermWeighted-Average Discount Rate
(in years)(in years)
Operating leases5.52.30 %9.02.57 %
Finance leases5.31.69 %4.12.79 %
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases were as follows as of June 27, 2021 and June 28, 2020:
June 27,
2021		June 28,
2020
(in thousands)
Operating leases
Other assets$173,784 $174,583 
Accrued expenses and other current liabilities$45,310 $49,480 
Other long-term liabilities118,385 123,889 
Total operating lease liabilities$163,695 $173,369 
Finance Leases
Property and Equipment, net$44,054 $18,409 
Current portion of long-term debt and lease liabilities$11,349 $3,770 
Long-term debt and lease liabilities, less current portion29,398 11,477 
Total finance lease liabilities$40,747 $15,247 
Maturities of Finance Lease Liabilities
As of June 27, 2021, the maturities of lease liabilities are as follows:
Operating LeasesFinance Leases
(in thousands)
2022$48,487 $11,870 
202332,774 6,438 
202422,756 5,882 
202517,803 5,152 
202612,702 5,062 
Thereafter38,628 8,244 
Total lease payments$173,150 $42,648 
Less imputed interest(9,455)(1,901)
Total$163,695 $40,747 
Maturities of Operating Lease Liabilities
As of June 27, 2021, the maturities of lease liabilities are as follows:
Operating LeasesFinance Leases
(in thousands)
2022$48,487 $11,870 
202332,774 6,438 
202422,756 5,882 
202517,803 5,152 
202612,702 5,062 
Thereafter38,628 8,244 
Total lease payments$173,150 $42,648 
Less imputed interest(9,455)(1,901)
Total$163,695 $40,747