Leases

3 Months Ended

Sep. 28, 2024

Leases [Abstract]

Leases

Note 12. Leases

The Company is a lessee in several operating leases, primarily real estate facilities for office space. The Company's lease arrangements are comprised of operating leases with various expiration dates through March 31, 2042. The Company's leases do not contain any material residual value guarantees.

Lease expense and cash flow information related to our operating leases is as follows (in millions):

	Three Months Ended
	September 28, 2024			September 30, 2023
Operating lease costs (1)	$	3.3		$	3.3
Cash paid for amounts included in the measurement of operating lease liabilities	$	4.7		$	4.6
Operating ROU assets obtained in exchange for operating lease obligations	$	1.7		$	0.9
Weighted-average remaining lease term	6.1 years			6.7 years
Weighted-average discount rate	5.7		%	4.8		%

(1)Total variable lease costs were immaterial during the three months ended September 28, 2024 and September 30, 2023. The total operating costs were included in Cost of revenues, R&D, and SG&A in the Consolidated Statements of Operations.

Future minimum operating lease payments as of September 28, 2024 are as follows (in millions):

	Operating Leases
Remainder of 2025	$	7.6
Fiscal 2026	9.9
Fiscal 2027	7.6
Fiscal 2028	5.3
Fiscal 2029	3.4
Thereafter	8.8
Total lease payments	42.6
Less: Interest	(7.3)
Present value of lease liabilities	$	35.3