Leases (Tables)

6 Months Ended

Dec. 30, 2023

Leases [Abstract]

Schedule of Lease Cost

The components of lease cost for the three months and six months ended December 30, 2023 and were (in thousands): 

		Three Months Ended				Six Months Ended
		December 30, 2023		December 31, 2022		December 30, 2023		December 31, 2022
Lease cost	Classification
Operating lease cost	Cost of sales	$	1,223	$	2,441	$	2,350	$	3,775
Operating lease cost	Selling, general and administrative expenses	$	183	$	367	$	367	$	551
Financing lease cost	Cost of sales	$	1,186	$	1,859	$	2,465	$	2,759
Financing lease cost	Selling, general and administrative expenses	$	49	$	77	$	104	$	115
Total lease cost		$	2,641	$	4,744	$	5,286	$	7,200
Fixed lease cost		$	1,336	$	4,435	$	2,434	$	6,656
Short-term lease cost		$	1,305	$	309	$	2,852	$	544
Total lease cost		$	2,641	$	4,744	$	5,286	$	7,200

Schedule of Lease Assets and Liabilities

Amounts reported in the Consolidated Balance Sheet as of December 30, 2023 were (in thousands, except weighted average lease term and discount rate):

	December 30, 2023		July 1, 2023
Operating Leases:
Operating lease right of use assets	$	18,104	$	16,202
Operating lease liabilities (1)	$	18,104	$	16,202
Weighted-average remaining lease term (in years)
Operating leases	4.44		4.55
Weighted-average discount rate
Operating leases	4.28%		4.00%
Financing Leases (2):
Financing lease right of use assets	$	4,610	$	9,718
Financing lease liabilities	$	3,170	$	8,278
Weighted-average remaining lease term (in years)
Financing leases	1.23		1.89
Weighted-average discount rate
Financing leases	10.88%		9.96%

(1) The current portion of the total operating lease liabilities of $5.7 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 $4.6 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $2.5 million is classified under Current portion of debt, net, resulting in $0.6 million classified in Other Long-term Liabilities section of the condensed consolidated balance sheet.

Schedule of Maturities of Operating Leases Liability

Future lease payments under non-cancellable leases as of December 30, 2023 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
2024 (1)	$	3,034	$	1,112
2025	5,080		1,909
2026	4,147		501
2027	3,238		—
2028	2,281		—
Thereafter	1,873		—
Total undiscounted lease payments	19,653		3,522
Less: present value discount	(1,549)		(352)
Total lease liabilities	$	18,104	$	3,170

(1) Represents estimated lease payments for the remaining six-month period ending June 29, 2024.

Schedule of Maturities of Finance Leases Liability

Future lease payments under non-cancellable leases as of December 30, 2023 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
2024 (1)	$	3,034	$	1,112
2025	5,080		1,909
2026	4,147		501
2027	3,238		—
2028	2,281		—
Thereafter	1,873		—
Total undiscounted lease payments	19,653		3,522
Less: present value discount	(1,549)		(352)
Total lease liabilities	$	18,104	$	3,170

(1) Represents estimated lease payments for the remaining six-month period ending June 29, 2024.