Property and Equipment

12 Months Ended

Jun. 25, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment, net, is presented in the table below.

	June 25, 2023		June 26, 2022
	(in thousands)
Manufacturing and engineering equipment	$	1,802,627	$	1,588,805
Buildings and improvements	1,286,849		1,124,381
Computer and computer-related equipment	174,084		177,198
Land	98,739		84,733
Office equipment, furniture and fixtures	83,108		70,642
	3,445,407		3,045,759
Less: accumulated depreciation and amortization	(1,642,456)		(1,440,325)
	$	1,802,951	$	1,605,434

The Company has excluded $53.7 million, and $42.2 million of finance right-of-use assets recorded within property and equipment, net from the table above for the years ended June 25, 2023 and June 26, 2022, respectively. See Note 15: Leases for additional information regarding these finance lease right-of-use assets. Depreciation expense, excluding amortization of finance lease right of use assets, during fiscal years 2023, 2022, and 2021 was $282.8 million, $248.2 million, and $229.8 million, respectively.