Leases

12 Months Ended

Jul. 01, 2023

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 1,		July 2,
	2023		2022
Operating lease cost	$	67,478	$	68,664
Variable lease cost		21,422		25,737
Total lease cost	$	88,900	$	94,401

Future minimum operating lease payments as of July 1, 2023, are as follows (in thousands):

Fiscal Year
2024	$	58,071
2025		48,439
2026		37,760
2027		24,836
2028		19,600
Thereafter		98,745
Total future operating lease payments		287,451
Total imputed interest on operating lease liabilities		(45,038)
Total operating lease liabilities	$	242,413

Other information pertaining to operating leases consists of the following:

	Years Ended
	July 1,		July 2,
	2023		2022
Operating Lease Term and Discount Rate
Weighted-average remaining lease term in years	8.2		8.8
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 1,		July 2,
	2023		2022
Supplemental Cash Flow Information:
Cash paid for operating lease liabilities	$	58,111	$	57,016
Operating lease assets obtained from new operating lease liabilities		48,038		28,014