Leases (Tables)

3 Months Ended

Oct. 01, 2022

Leases [Abstract]

Schedule of Lease Cost

The components of lease cost for the three months ended October 1, 2022 and October 2, 2021 were (in thousands): 

Lease cost	Classification	October 1, 2022		October 2, 2021
Operating lease cost	Cost of sales	$	1,334	$	1,433
Operating lease cost	Selling, general and administrative expenses	$	184	$	308
Financing lease cost	Cost of sales	$	900	$	434
Financing lease cost	Selling, general and administrative expenses	$	38	$	10
Total lease cost		$	2,456	$	2,185
Fixed lease cost		$	2,221	$	1,777
Short-term lease cost		$	235	$	408
Total lease cost		$	2,456	$	2,185

Schedule of Lease Assets and Liabilities

Amounts reported in the Consolidated Balance Sheet as of October 1, 2022 were (in thousands, except weighted average lease term and discount rate):

	October 1, 2022
Operating Leases:
Operating lease right of use assets	$	19,497
Operating lease liabilities (1)	$	19,497
Weighted-average remaining lease term (in years)
Operating leases	5.08
Weighted-average discount rate
Operating leases	4.0		%
Financing Leases (2):
Financing lease right of use assets	$	11,373
Financing lease liabilities	$	10,120
Weighted-average remaining lease term (in years)
Financing leases	2.31
Weighted-average discount rate
Financing leases	8.8		%

(1) The current portion of the total operating lease liabilities of $5.4 million is classified under Other Current Liabilities, resulting in $14.1 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 $11.4 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $4.4 million is classified under Current portion of debt, net, resulting in $5.7 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 1, 2022		October 2, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,847	$	1,446
Financing cash flows used in financing leases	$	1,022	$	401

Schedule of Maturities of Operating Leases Liability

Future lease payments under non-cancellable leases as of October 1, 2022 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
2023 (1)	$	4,125	$	3,910
2024	4,826		3,960
2025	3,987		2,539
2026	3,365		107
2027	2,464		71
Thereafter	3,240		—
Total undiscounted lease payments	22,007		10,587
Less: present value discount	(2,510)		(467)
Total lease liabilities	$	19,497	$	10,120

(1) Represents estimated lease payments for the remaining nine-month period ending July 1, 2023.

Schedule of Maturities of Finance Leases Liability

Future lease payments under non-cancellable leases as of October 1, 2022 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
2023 (1)	$	4,125	$	3,910
2024	4,826		3,960
2025	3,987		2,539
2026	3,365		107
2027	2,464		71
Thereafter	3,240		—
Total undiscounted lease payments	22,007		10,587
Less: present value discount	(2,510)		(467)
Total lease liabilities	$	19,497	$	10,120

(1) Represents estimated lease payments for the remaining nine-month period ending July 1, 2023.