LEASES (Tables)

3 Months Ended

Oct. 02, 2021

Leases [Abstract]

Lease, Cost

The components of lease cost for the three months ended October 2, 2021 were (in thousands): 

Lease cost	Classification	Three Months Ended
Operating lease cost	Cost of sales	$	1,433
Operating lease cost	Selling, general and administrative expenses	$	308
Financing lease cost	Cost of sales	$	434
Financing lease cost	Selling, general and administrative expenses	$	10
Total lease cost		$	2,185
Fixed lease cost		$	1,777
Short-term lease cost		$	408
Total lease cost		$	2,185

Assets and Liabilities, Lessee

Amounts reported in the Consolidated Balance Sheet as of October 2, 2021 were (in thousands, except weighted average lease term and discount rate):

	October 2, 2021
Operating Leases:
Operating lease right of use assets	$	18,994
Operating lease liabilities (1)	$	18,953
Weighted-average remaining lease term (in years)
Operating leases	5.73
Weighted-average discount rate
Operating leases	4.0		%
Financing Leases (2):
Financing lease right of use assets	$	4,948
Financing lease liabilities	$	4,456
Weighted-average remaining lease term (in years)
Financing leases	2.83
Weighted-average discount rate
Financing leases	8.7		%

(1) The current portion of the total operating lease liabilities of $5.2 million is classified under Other Current Liabilities, resulting in $13.7 million classified under Operating Lease Liabilities in the Long-term Liabilities section of the condensed consolidated balance sheet.

(2) The total finance lease right of use assets of $4.9 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $1.9 million is classified under Current portion of debt, net, resulting in $2.6 million classified in Other Long-term Liabilities section of the condensed consolidated balance sheet.

Other information related to leases was as follows (in thousands):

	Three Months Ended
	October 2, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,446
Financing cash flows used in financing leases	$	401

Lessee, Operating Lease, Liability, Maturity

Future lease payments under non-cancellable leases as of October 2, 2021 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
2022 (1)	$	4,026	$	1,477
2023	4,398		1,969
2024	3,811		1,642
2025	3,462		—
2026	2,667		—
Thereafter	4,521		—
Total undiscounted lease payments	22,885		5,088
Less: present value discount	(3,932)		(632)
Total lease liabilities	$	18,953	$	4,456

(1) Represents estimated lease payments for the remaining nine-month period ending July 2, 2022.