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LEASES
 12 Months Ended
Jul. 02, 2022
Leases [Abstract]  
Lessee, Operating Leases LEASES
The Company has several commitments under operating and financing leases for warehouses, manufacturing facilities, office buildings, and equipment with initial terms that expire at various dates during the next 1 year to 10 years.
The Company has some leases that include an extension clause. Management has considered the likelihood of exercising each extension option included and estimated the duration of the extension option, for those leases management determined to be reasonably certain, in calculating the lease term for measurement of the right of use asset and liability.
For operating leases, management assumed a discount rate of 4%. The weighted average discount rate is disclosed in the tables below.

The components of lease cost were as follows as of July 2, 2022, July 3, 2021 and June 27, 2020 (in thousands):

Year EndedYear EndedYear Ended
Lease costClassificationJuly 2, 2022July 3, 2021June 27, 2020
Operating lease costCost of sales$6,442 $4,818 $4,511 
Operating lease costSelling, general and administrative expenses929 1,270 1,266 
Financing lease costCost of sales$2,054 $— $— 
Financing lease costSelling, general and administrative expenses$64 $— $— 
Total lease cost$9,489 $6,088 $5,777 
Fixed lease cost$7,941 $4,943 $5,335 
Short-term lease cost$1,548 $1,145 $442 
Total lease cost$9,489 $6,088 $5,777 
Amounts reported in the Consolidated Balance Sheet as of July 2, 2022 and July 3, 2021 were (in thousands, except weighted average lease term and discount rate):
July 2, 2022July 3, 2021
Operating Leases:
Operating lease right of use assets$16,731 $15,745 
Operating lease liabilities (1)
16,731 15,653 
Weighted-average remaining lease term (in years)
Operating leases5.285.95
Weighted-average discount rate
Operating leases4.00 %4.05 %
Financing Leases (2):
Financing lease right of use assets$12,464 $— 
Financing lease liabilities11,211 — 
Weighted-average remaining lease term (in years)
Financing leases2.560.00
Weighted-average discount rate
Financing leases8.82 %— %

(1) For fiscal year 2022 and 2021, the current portion of the total operating lease liabilities is classified under Other Current Liabilities.
(2) The total finance lease right of use assets of $12.5 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $5.2 million is classified under Current portion of debt, net, resulting in $6.0 million classified in Other Long-term Liabilities section of the condensed consolidated balance sheet.
Other information related to leases was as follows (in thousands):
July 2, 2022July 3, 2021June 27, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases4,261 4,976 4,237 
Financing cash flows used in financing leases2,331 — — 

Future lease payments under non-cancellable leases as of July 2, 2022 are as follows (in thousands):
Fiscal Years EndingOperating LeasesFinance Leases
2023$4,709 $5,213 
20243,811 3,960 
20252,972 2,539 
20262,351 107 
20271,450 71 
Thereafter3,071 — 
Total undiscounted lease payments18,364 11,890 
Less: present value discount1,633 679 
Total lease liabilities$16,731 $11,211