LEASES (Tables)

9 Months Ended

Apr. 02, 2022

Leases [Abstract]

Lease, Cost

The components of lease cost for the three and nine months ended April 2, 2022 were (in thousands): 

Lease cost	Classification	Three Months Ended		Nine Months Ended
Operating lease cost	Cost of sales	$	1,645	$	4,676
Operating lease cost	Selling, general and administrative expenses	$	184	742
Financing lease cost	Cost of sales	$	271	$	1,322
Financing lease cost	Selling, general and administrative expenses	$	7	$	34
Total lease cost		$	2,107	$	6,774
Fixed lease cost		$	1,717	$	5,575
Short-term lease cost		$	390	$	1,199
Total lease cost		$	2,107	$	6,774

Assets and Liabilities, Lessee

Amounts reported in the Consolidated Balance Sheet as of April 2, 2022 were (in thousands, except weighted average lease term and discount rate):

	April 2, 2022
Operating Leases:
Operating lease right of use assets	$	17,838
Operating lease liabilities (1)	$	17,796
Weighted-average remaining lease term (in years)
Operating leases	5.39
Weighted-average discount rate
Operating leases	4.0		%
Financing Leases (2):
Financing lease right of use assets	$	9,698
Financing lease liabilities	$	8,757
Weighted-average remaining lease term (in years)
Financing leases	2.69
Weighted-average discount rate
Financing leases	8.5		%

(1) The current portion of the total operating lease liabilities of $5.4 million is classified under Other Current Liabilities, resulting in $12.4 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 $9.7 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $3.9 million is classified under Current portion of debt, net, resulting in $4.8 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		Nine Months Ended
	April 2, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,230	$	3,154
Financing cash flows used in financing leases	$	1,484	$	2,561

Lessee, Operating Lease, Liability, Maturity

Future lease payments under non-cancellable leases as of April 2, 2022 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
2022 (1)	$	1,419	$	991
2023	4,666		3,965
2024	3,811		3,637
2025	3,462		630
2026	2,667		107
Thereafter	4,521		72
Total undiscounted lease payments	20,546		9,402
Less: present value discount	(2,750)		(645)
Total lease liabilities	$	17,796	$	8,757

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