Leases

12 Months Ended

Jul. 02, 2022

Leases [Abstract]

Leases

11. Leases

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

	Years Ended
	July 2,		July 3,
	2022		2021
Operating lease cost	$	68,664	$	74,003
Variable lease cost		25,737		21,305
Total lease cost	$	94,401	$	95,308

Future minimum operating lease payments as of July 2, 2022, are as follows (in thousands):

Fiscal Year
2023	$	60,986
2024		46,452
2025		35,821
2026		29,433
2027		19,445
Thereafter		112,046
Total future operating lease payments		304,183
Total imputed interest on operating lease liabilities		(50,236)
Total operating lease liabilities	$	253,947

Other information pertaining to operating leases consists of the following:

	Years Ended
	July 2,		July 3,
	2022		2021
Operating Lease Term and Discount Rate
Weighted-average remaining lease term in years	8.8		9.1
Weighted-average discount rate	3.8	%	3.8	%

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

	Years Ended
	July 2,		July 3,
	2022		2021
Supplemental Cash Flow Information:
Cash paid for operating lease liabilities	$	57,016	$	59,587
Operating lease assets obtained from new operating lease liabilities		28,014		41,010