XML 50 R36.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
12 Months Ended
Jun. 27, 2020
Leases [Abstract]  
Schedule of lease cost

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

Schedule of future minimum operating lease payments

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

Minimum operating lease commitments principally for buildings

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

Schedule of other information pertaining to operating leases

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

%

Schedule of supplemental cash flow information

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