Leases

12 Months Ended

Jun. 27, 2020

Leases [Abstract]

Leases

11. Leases

The components of lease cost related to the Company’s operating leases were as follows (in thousands):

	Year Ended
	June 27, 2020
Operating lease cost	$	75,748
Variable lease cost		20,804
Total lease cost	$	96,552

Future minimum operating lease payments as of June 27, 2020, are as follows (in thousands):

Fiscal Year
2021	$	61,497
2022		52,951
2023		44,975
2024		34,665
2025		29,215
Thereafter		152,229
Total future operating lease payments		375,532
Total imputed interest on operating lease liabilities		(68,500)
Total operating lease liabilities	$	307,032

Prior to the Company’s adoption of ASC 842, future minimum operating lease payments as of June 29, 2019 were as follows (in thousands) on an undiscounted basis and excluding non-lease components:

Fiscal Year
2020	$	68,710
2021		52,225
2022		42,069
2023		32,245
2024		23,305
Thereafter		85,196
Total lease payments	$	303,750

Other information pertaining to operating leases consists of the following:

Operating Lease Term and Discount Rate
Weighted-average remaining lease term in years	9.9
Weighted-average discount rate	3.9	%

Supplemental cash flow information related to the Company’s operating leases for the year ended June 27, 2020, was as follows (in thousands):

Supplemental Cash Flow Information:
Cash paid for operating lease liabilities	$	60,957
Operating lease assets obtained from new operating lease liabilities		51,747