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REVENUE (Tables)
 12 Months Ended
Jul. 02, 2022
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Contract Asset, Contract Liability, and Receivable
Contract Balances
A contract asset is recognized when the Company has recognized revenue, but has not issued an invoice for payment. Contract assets are classified separately on the condensed consolidated balance sheet and transferred to receivables when the right to payment becomes unconditional.
The following table summarizes the activity in the Company’s contract assets during the twelve months ended July 2, 2022 (in thousands):
Contract Assets
Beginning balance, July 3, 2021
$24,781 
Revenue recognized515,831 
Amounts collected or invoiced(518,638)
Ending balance, July 2, 2022
$21,974 

The following table summarizes the activity in the Company’s contract assets during the twelve months ended July 3, 2021 (in thousands):
Contract Assets
Beginning balance, June 27, 2020
23,753 
Revenue recognized509,621 
Amounts collected or invoiced(508,593)
Ending balance, July 3, 2021
$24,781 
Disaggregation of Revenue
The following table presents the Company’s revenue disaggregated for the twelve months ended July 2, 2022 and the twelve months ended July 3, 2021 (in thousands):
Revenue
RecognitionJuly 2, 2022July 3, 2021June 27, 2020
Over-Time$515,831 $509,621 $441,405 
Point-in-Time15,984 9,077 8,075 
Total$531,815 $518,698 $449,480