Leases

12 Months Ended

Jun. 29, 2024

Leases [Abstract]

Leases

11. Leases

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

	Years Ended
	June 29,		July 1,		July 2,
	2024		2023		2022
Operating lease cost	$	63,514	$	67,478	$	68,664
Variable lease cost		29,560		21,422		25,737
Total lease cost	$	93,074	$	88,900	$	94,401

Future minimum operating lease payments as of June 29, 2024, are as follows (in thousands):

Fiscal Year
2025	$	59,985
2026		50,264
2027		30,700
2028		23,382
2029		18,440
Thereafter		84,000
Total future operating lease payments		266,771
Total imputed interest on operating lease liabilities		(38,892)
Total operating lease liabilities	$	227,879

Other information pertaining to operating leases consists of the following:

		Years Ended
		June 29,			July 1,			July 2,
		2024			2023			2022
Operating Lease Term and Discount Rate
Weighted-average remaining lease term in years		7.5			8.2			8.8
Weighted-average discount rate		3.8	%		3.8	%		3.8	%
Supplemental Cash Flow Information (in thousands)
Cash paid for operating lease liabilities	$	57,572		$	58,111		$	57,016
Operating lease assets obtained from new operating lease liabilities	$	47,668		$	48,038		$	28,014