Leases

12 Months Ended

Jul. 03, 2021

Leases [Abstract]

Leases

12. Leases

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

	Years Ended
	July 3,		June 27,
	2021		2020
Operating lease cost	$	74,003	$	75,748
Variable lease cost		21,305		20,804
Total lease cost	$	95,308	$	96,552

Future minimum operating lease payments as of July 3, 2021, are as follows (in thousands):

Fiscal Year
2022	$	66,562
2023		57,185
2024		40,380
2025		32,788
2026		28,328
Thereafter		134,526
Total future operating lease payments		359,769
Total imputed interest on operating lease liabilities		(61,585)
Total operating lease liabilities	$	298,184

Other information pertaining to operating leases consists of the following:

	Years Ended
	July 3,		June 27,
	2021		2020
Operating Lease Term and Discount Rate
Weighted-average remaining lease term in years	9.1		9.9
Weighted-average discount rate	3.8	%	3.9	%

Supplemental cash flow information related to the Company’s operating leases was as follows (in thousands):

	Years Ended
	July 3,		June 27,
	2021		2020
Supplemental Cash Flow Information:
Cash paid for operating lease liabilities	$	59,587	$	60,957
Operating lease assets obtained from new operating lease liabilities		41,010		51,747