ACQUISITIONS (Tables)

12 Months Ended

Jun. 28, 2023

Business Combinations [Abstract]

Fair Value of Acquired Assets and Liabilities

The amounts recorded for the fair value of acquired assets and liabilities for the more significant acquisitions are as follows:

	Mid-Atlantic Region		Great Lakes Region
	Fair Value September 2, 2021		Fair Value October 31, 2021
Current assets	$	1.4	$	2.1
Property and equipment	46.2		43.6
Operating lease assets	23.6		47.8
Reacquired franchise rights(1)	4.7		4.6
Goodwill(2)	—		7.2
Current liabilities	(1.4)		(1.4)
Finance lease liabilities, less current portion	(3.7)		—
Operating lease liabilities, less current portion	(23.1)		(46.8)
Net assets acquired	$	47.7	$	57.1

(1)Reacquired franchise rights related to the Mid-Atlantic Region acquisition and Great Lakes Region acquisition both have weighted average amortization periods of approximately 15 years.

(2)Goodwill is expected to be deductible for tax purposes. The portion of the purchase price attributable to goodwill represents the benefits expected as a result of the acquisition, including sales and unit growth opportunities, and the benefit of the assembled workforce of the acquired restaurants.