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TRADE ACCOUNTS RECEIVABLE PURCHASE PROGRAMS
12 Months Ended
Jul. 02, 2022
Leases [Abstract]  
TRADE ACCOUNTS RECEIVABLE SALE PROGRAMS TRADE ACCOUNTS RECEIVABLE PURCHASE PROGRAMS
Sale Programs
The Company has utilized an Account Purchase Agreement with Wells Fargo Bank, N.A. ("WFB") which allowed the Company to sell and assign to WFB and WFB to purchase from Company the accounts receivable of certain Company customers in a maximum aggregate amount outstanding of $25.0 million. As of July 2, 2022, the Company had no factored receivables with WFB.
The Company did not sell any accounts receivables during the twelve months ended July 2, 2022 or July 3, 2021. There were no accounts receivables sold and not yet collected as of July 2, 2022 or July 3, 2021. The receivables that were sold were removed from the consolidated balance sheets and the cash received is reflected as cash provided by operating activities in the consolidated statements of cash flows. Cash receipts related to the deferred purchase price from receivables factored by the Company is reflected as cash provided by investing activities.