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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):

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​

​

​

​

​

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):

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​

​

​

​

Fiscal Year

​

​

​

​

2021

​

$

61,497

​

2022

​

 

52,951

​

2023

​

 

44,975

​

2024

​

 

34,665

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2025

​

​

29,215

​

Thereafter

​

 

152,229

​

Total future operating lease payments

​

​

375,532

​

Total imputed interest on operating lease liabilities

​

​

(68,500)

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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:

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​

​

​

​

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:

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​

​

​

Operating Lease Term and Discount Rate

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​

​

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):

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​

​

​

Supplemental Cash Flow Information:

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​

​

Cash paid for operating lease liabilities

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$

60,957

Operating lease assets obtained from new operating lease liabilities

​

​

51,747