Shareholders' equity

12 Months Ended

Jul. 01, 2023

Shareholders' equity

Shareholders' equity

3. Shareholders’ equity

Accumulated comprehensive loss

The following table includes the balances within “Accumulated other comprehensive loss”:

	July 1,		July 2,		July 3,
	2023		2022		2021
	(Thousands)
Accumulated translation adjustments and other	$	(328,975)	$	(370,612)	$	(46,473)
Accumulated pension liability adjustments, net of income taxes		(80,406)		(110,636)		(107,274)
Total accumulated other comprehensive loss	$	(409,381)	$	(481,248)	$	(153,747)

Substantially all amounts reclassified out of “Accumulated comprehensive loss, net of tax”, to operating expenses during fiscal 2023, 2022, and 2021 related to net periodic pension costs as discussed further in Note 10.

Share repurchase program

During fiscal 2023, the Company repurchased 5.1 million shares under existing programs for a total cost of $212.8 million. As of July 1, 2023, the Company had $318.5 million remaining under its new share repurchase authorization.

Common stock dividend

During fiscal 2023, the Company paid dividends of $1.16 per common share and $106.3 million in total.